(Alliance News) - Banca Sistema Spa reported Thursday that it largely complies with the capital requirements set by the Bank of Italy.

Bankitalia requires a CET 1 ratio of 9.40%, a TIER 1 ratio of 10.90% and a Total Capital ratio of 12.90%. As of December 31, 2023, Banca Sistema reported a CET 1 ratio of 12.90 percent, a TIER 1 ratio of 16.11 percent, and a Total Capital ratio of 16.11 percent.

Banca Sistema's stock closed Thursday up 0.5 percent at EUR1.25 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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