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Banca Sistema — Investor Relations & Filings

Ticker · BST ISIN · IT0003173629 LEI · 815600B5C61A10BBB451 XMIL Financial and insurance activities
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Filings indexed 782 across all filing types
Latest filing 2021-03-11 Earnings Release
Country IT Italy
Listing XMIL BST

About Banca Sistema

https://www.bancasistema.it/english

Banca Sistema is a financial institution specializing in financing and managing trade receivables, with a particular focus on those owed by public administrations. The bank serves corporate clients, including small and medium-sized enterprises (SMEs), as well as private customers. Its primary business line is factoring, encompassing both public sector and commercial receivables. Beyond its core factoring operations, the institution offers a suite of banking products. For its corporate clientele, this includes various financing and servicing activities. For private individuals, the product suite features salary-backed loans and specialized pawn credit services, offering loans collateralized by valuable assets and works of art.

Recent filings

Filing Released Lang Actions
APPROVATO IL PROGETTO DI BILANCIO 2020/APPROVED 2020 DRAFT FINANCIAL STATEMENTS
Earnings Release Classification · 99% confidence The document is a press release (COMUNICATO STAMPA / PRESS RELEASE) dated March 11, 2021, announcing the approval of the 2020 Draft Financial Statements (Progetto di Bilancio 2020) and proposing a dividend. It details the net income (€25.8 million) and proposes a dividend of €0.080 per share, subject to shareholder approval at the AGM on April 30, 2021. It also mentions proposals regarding a share buyback plan and the renewal of the Board of Directors, which are typical agenda items for an AGM. Crucially, it discusses the proposed dividend payment schedule, which directly relates to shareholder rights and distributions. While it contains financial results, its primary function is to announce key decisions (dividend proposal, AGM agenda, share buyback) that will be voted on or are related to corporate governance and shareholder meetings. Since it is an announcement detailing the proposal for the dividend and the agenda for the upcoming shareholder meeting (which includes voting on the dividend and board renewal), it strongly aligns with the scope of an Earnings Release (ER) for the results, but the focus on dividend proposal and AGM agenda items suggests a strong link to shareholder actions. However, the core content is the approval of the full-year financial statements and the proposal for the dividend distribution. This is more comprehensive than a simple Earnings Release (ER) which usually only gives highlights. It is not the full 10-K. It is a formal announcement of the results and key proposals for the AGM. Given the detailed financial figures and the proposal for dividend distribution, it functions as an Earnings Release (ER) or potentially an Interim Report (IR) if 2020 was the full year, but since it explicitly states 'approved the draft annual report' (progetto di bilancio d'esercizio 2020), it is the announcement of the annual results. The most fitting code for the announcement of annual financial results is ER, although it contains elements related to dividends (DIV) and AGM proposals. Since it is the official communication of the annual results and dividend proposal, ER is the best fit among the primary financial reporting codes, as it precedes the formal AGM where voting results (DVA) or the final AGM materials (AGM-R) would be released. FY 2020
2021-03-11 Italian
IL 25 MARZO 2021 SARÀ APPROVATO IL PIANO/2021-2023 STRATEGIC PLAN TO BE APPROVED ON 25
Regulatory Filings Classification · 99% confidence The document is a short press release (3586 characters) dated March 2, 2021. The core content announces that the '2021-2023 Strategic Plan' will be approved by the Board of Directors on March 25, 2021, and that a 'conference call presentation to the financial community will follow.' This structure—announcing the future release/presentation of a major document (the Strategic Plan) and scheduling a related call—fits the definition of a Report Publication Announcement (RPA). It is not the Strategic Plan itself, nor is it the transcript of the call (CT) or an Earnings Release (ER). It is an announcement about the publication/presentation of future material.
2021-03-02 Italian
AVVISO PUBBLICAZIONE DOCUMENTI/NOTICE OF PUBLICATION OF DOCUMENTS
Board/Management Information Classification · 99% confidence The document is a very short press release (3208 characters) titled 'BANCA SISTEMA: NOTICE OF PUBLICATION OF DOCUMENTS' (AVVISO PUBBLICAZIONE DOCUMENTI). It explicitly states that another document, 'Optimal qualitative and quantitative composition of the board of directors,' is now available on the company website. According to Rule #2 (The 'MENU VS MEAL' Rule), a short announcement whose primary purpose is to state that a report has been published elsewhere classifies as a Report Publication Announcement (RPA). The content relates to the composition of the Board of Directors, which is governance-related, but the document itself is the announcement, not the detailed governance report.
2021-02-23 Italian
AVVISO PUBBLICAZIONE DOCUMENTI/NOTICE OF PUBLICATION OF DOCUMENTS
Report Publication Announcement Classification · 99% confidence The document is titled "BANCA SISTEMA: AVVISO PUBBLICAZIONE DOCUMENTI" (Notice of Publication of Documents) and explicitly states that several documents related to the upcoming Ordinary Shareholders Meeting (scheduled for March 25, 2021) are now available to the public (e.g., Board of Directors' explanatory report, proxy forms, voting instructions). The document itself is short and serves only to announce the availability of other materials, rather than being the full report or presentation. This perfectly matches the definition of a Report Publication Announcement (RPA), which is used when a document announces the release of other reports, adhering to the 'MENU VS MEAL' rule.
2021-02-23 Italian
RELAZIONE ILLUSTRATIVA DEL CONSIGLIO DI AMMINISTRAZIONE SUL PUNTO 1 ALL’ORDINE DEL GIORNO/ BOARD OF DIRECTORS’ REPORT ON ITEM 1 OF THE AGENDA
AGM Information Classification · 98% confidence The document is titled 'RELAZIONE ILLUSTRATIVA DEL CONSIGLIO DI AMMINISTRAZIONE SUL PUNTO 1 ALL'ORDINE DEL GIORNO' (Board of Directors' Report on Item 1 of the Agenda) for an 'ASSEMBLEA ORDINARIA' (Ordinary Shareholders' Meeting) scheduled for March 25, 2021. The core subject matter is the proposal regarding the 'PAGAMENTO DEL DIVIDENDO' (Payment of the Dividend) derived from the 2019 profit. This document details the history of the dividend decision, regulatory recommendations (BCE, Banca d'Italia), and the Board's final proposal to defer the payment decision to the next meeting convened for the approval of the 2020 financial statements. Since the document is a detailed report presented to shareholders concerning a specific agenda item for a general meeting, and it directly addresses dividend proposals and related regulatory compliance, it strongly aligns with the purpose of an AGM-related document, specifically a report presented *for* the meeting. While it discusses dividends (DIV), the context is the formal report presented to the shareholders in preparation for or during the meeting itself. Given the explicit reference to the 'ASSEMBLEA ORDINARIA' and the detailed report structure, AGM-R (AGM Information) is the most appropriate classification, as this is the explanatory report for that meeting.
2021-02-23 Italian
AVVISO DI CONVOCAZIONE DELL’ASSEMBLEA ORDINARIA/NOTICE OF CALL OF THE ORDINARY SHAREHOLDERS' MEETING
AGM Information Classification · 100% confidence The document is explicitly titled "AVVISO DI CONVOCAZIONE DELL'ASSEMBLEA ORDINARIA" (Notice of Call for the Ordinary Shareholders' Meeting). It details the date (March 25, 2021), location, and agenda items for the meeting, including a resolution regarding the payment of dividends from 2019 profits. It also outlines procedures for voting by proxy, correspondence, and shareholder rights to ask questions or integrate the agenda. This content directly relates to the formal calling and organization of the Annual General Meeting (AGM). Therefore, the appropriate classification is AGM-R (AGM Information).
2021-02-23 Italian

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