Banca Sistema CEO Resigns After Banca CF+ Takeover as Bank Signs €2m Consultancy Deal

An update from Banca Sistema S.p.A. ( (IT:BST) ) is now available.

Banca Sistema announced that CEO and General Manager Gianluca Garbi has resigned with immediate effect following the successful completion of Banca CF+’s public tender and exchange offer, also ending his employment relationship with the bank. The board approved a recognition deed setting out amounts due to Garbi upon termination, while taking into account Bank of Italy restrictions on variable remuneration, and will convene on 16 March to co-opt a new director.

At the same meeting, the board approved a 24‑month consultancy agreement with Garbi as a self‑employed professional to support the strategic recovery of receivables from public administration entities, with fees linked to collections and capped at €2 million. The deal, treated as a related‑party transaction of lesser importance and approved under an urgent procedure, underscores both governance transition after the takeover and the bank’s continued focus on maximizing returns from its public‑sector receivables portfolio, with implications for future cash flows and stakeholder oversight.

The most recent analyst rating on (IT:BST) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Banca Sistema S.p.A. stock, see the IT:BST Stock Forecast page.

More about Banca Sistema S.p.A.

Banca Sistema S.p.A. is an Italian bank specialized in niche lending and financial services, with a focus on purchasing and managing trade receivables from public administration entities. The group also operates through controlled companies such as Kruso Kapital, positioning itself in segments linked to public-sector credit and late-payment interest recovery.

Average Trading Volume: 332,451

Technical Sentiment Signal: Buy

Current Market Cap: €134.5M

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