UBI Banca Group

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UBI Banca: company officers Honorary Chairman Supervisory Board (appointed by a Shareholders’ Meeting on 24 th April 2010) Chairman Senior Deputy Chairman Deputy Chairman Deputy Chairman Management Board (appointed by the Supervisory Board on 27 th April 2010) Chairman Deputy Chairman Chief Executive Officer Giuseppe Vigorelli Corrado Faissola Giuseppe Calvi Alberto Folonari Mario Mazzoleni Battista Albertani Giovanni Bazoli (*) Luigi Bellini Mario Cattaneo Silvia Fidanza Enio Fontana Carlo Garavaglia Alfredo Gusmini Pietro Gussalli Beretta Giuseppe Lucchini Italo Lucchini Federico Manzoni Toti S. Musumeci Sergio Orlandi Alessandro Pedersoli (*) Giorgio Perolari Sergio Pivato Roberto Sestini Giuseppe Zannoni Emilio Zanetti Flavio Pizzini Victor Massiah Giampiero Auletta Armenise Giuseppe Camadini Mario Cera Giorgio Frigeri Gian Luigi Gola (**) Guido Lupini Andrea Moltrasio Franco Polotti General Management General Manager Graziano Caldiani (***) Senior Deputy General Manager Francesco Iorio (****) Deputy General Manager Rossella Leidi Deputy General Manager Giovanni Lupinacci Deputy General Manager Ettore Medda Deputy General Manager Pierangelo Rigamonti Deputy General Manager Elvio Sonnino (*****) Senior Officer Responsible in accordance with Art. 154 bis of the Consolidated Finance Act Independent auditors Elisabetta Stegher KPMG Spa (*) Resigned with effect from 29 th March 2012 (**) Appointed by the Supervisory Board on 30 th June 2010 (***) He occupies the position until 30 th April 2012. (****) He occupies the position from 1 st February 2012 until 30 th April 2012. He will be appointed to the position of General Manager on 1 st May 2012. (*****) He occupies the position from 1 st February 2012 until 30 th April 2012. He will be appointed to the position of Senior Deputy General Manager on 1 st May 2012. 8
UBI Banca Group: branch network as at 31 st December 2011 9
Page 2 and 3: Joint stock co-operative company Re
Page 4 and 5: ▪ Principal risks and uncertainti
Page 6 and 7: REPORT ON CORPORATE GOVERNANCE AND
Page 8 and 9: A low risk profile The Group has no
Page 12: UBI Banca Group: the main investmen
Page 15 and 16: The rating As the sovereign debt cr
Page 17 and 18: Notice of call 1 An Ordinary Genera
Page 21 and 22: The macroeconomic scenario In a gen
Page 23 and 24: Monetary policy action taken by the
Page 25 and 26: imports (+24.9%) than in exports (+
Page 27 and 28: permanently balance public accounts
Page 29 and 30: In the light of the very serious cr
Page 31 and 32: total of the variable component of
Page 33 and 34: The “hour glass” shaped distrib
Page 35 and 36: dynamic use of credit recovery serv
Page 37 and 38: The contribution of the outstanding
Page 39 and 40: 4 th -7 th July 2011 (offer period
Page 41 and 42: Action undertaken on the branch net
Page 43 and 44: Disposal of UBI Pramerica SGR opera
Page 45 and 46: Finally, the UBI Banca Group increa
Page 47 and 48: • the “Italian Banking Associat
Page 49 and 50: - the global financial crisis, whic
Page 51 and 52: As a result of new loan disbursemen
Page 53 and 54: Again with regard to financial educ
Page 55 and 56: As concerns the Foreign-Commercial
Page 57 and 58: This dialogue with customers is not
Page 59 and 60: The distribution network and positi
Page 61 and 62:
The Italian distribution network of
Page 63 and 64:
Remote channels Market coverage by
Page 65 and 66:
• private individual customers ca
Page 67 and 68:
Human resources The composition of
Page 69 and 70:
The percentage of part-time employe
Page 71 and 72:
Personnel management policies and i
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• the implementation of the “Va
Page 75 and 76:
editions were published in 2011). A
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15. Barberini Sa (100% controlled)
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Companies consolidated using the eq
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- 22 nd February 2011: UBI Banca de
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total price of €77 million. Conse
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Reclassified consolidated financial
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Reclassified consolidated income st
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Reclassified consolidated income st
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Notes to the reclassified consolida
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marked improvement compared to €8
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elation to higher volumes of busine
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equity investments (including PerMi
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(+0.9%). The changes summarise the
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Brescia and €116.3 million of imp
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- the partial non deductibility of
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The comments that follow are based
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Total funding Total group funding,
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On the other hand, while significan
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In detail, institutional funding wa
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The public tender offer to purchase
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As concerns mutual investment funds
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General banking business with custo
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The ratio of lending to funding in
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The change recorded was caused by a
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unsecured non-performing loans (€
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Loans to customers: changes in dete
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The interbank market and the liquid
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Loans to banks: composition Changes
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The collateral pool also benefited
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Financial assets The year 2011 was
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- the Centrobanca corporate bond po
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Financial instruments held for trad
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Financial liabilities held for trad
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As concerns, on the other hand, por
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Exposures to some types of products
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SPE underlying assets Figures in mi
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The table below summarises on- and
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OTC interest rate derivatives: deta
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OTC derivatives: first five counter
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Fair value reserves of available-fo
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illion) and on the other hand for t
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The system of internal control The
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from the scope of the regulations f
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Consolidated companies: the princip
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Direct funding from customers Figur
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The performance of the main consoli
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exposures secured by real estate pr
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million) and other services (+€5.
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BANCA POPOLARE COMMERCIO E INDUSTRI
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accounts and deposits and term depo
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- net interest income reached €16
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BANCA POPOLARE DI ANCONA SPA Figure
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under management, which fell overal
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million) and the repurchase of own
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CENTROBANCA SPA Figures in thousand
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principally to new classifications
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- the net result for financial acti
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IW BANK SPA Figures in thousands of
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overdrafts, while the remaining €
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y the “Company restructuring prog
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UBI PRAMERICA SGR SPA Figures in th
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UBI FACTOR SPA Figures in thousands
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impaired loans - attributable mainl
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managers of Banca Popolare Commerci
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Development Decree - Decree Law No.
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‐ the tax treatment of provisions
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a different criterion is used to ca
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Further details of tax inspections
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In 2011, UBI Banca obtained visibil
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meetings with representatives of bo
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Legislation on the protection of pe
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• risks defined as measurable, fo
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uncertainty surrounding the outcome
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Compliance of corporate health and
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STATEMENT OF THE CHIEF EXECUTIVE OF
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Certification of the consolidated f
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Independent auditors’ report 226
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228
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Consolidated Balance Sheet
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Consolidated Income Statement figur
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Statement of changes in consolidate
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Consolidated Statement of Cash Flow
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PART A - Accounting policies A.1 -
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Accounting policies The accounting
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The income statement of the investo
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39. UBI Finance Srl Milan euro 10,0
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▪ ▪ ▪ 14 th March 2012: the U
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consequent absence of taxable incom
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List of the main IFRS standards end
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Reg. 1126/2008, SIC 7 Introduction
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1.2. Definition of financial assets
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performance by stock markets rather
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3.4 Derecognition criteria Held-to-
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original loan contract, or in the p
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The methods used for measurement of
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6.3 Measurement criteria Investment
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individual renewals, or if the asse
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An intangible asset is recognised i
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(a) within asset item 120 of the ba
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10.1. Current tax assets and liabil
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might affect the amount required to
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14.3.2 Post-employment benefits and
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Interest is recognised on an accrua
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Level 2 Where no prices are availab
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A.3.2.1 Accounting portfolios: dist
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2.2 Financial assets held for tradi
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3.3. Financial assets at fair value
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4.4 Available-for-sale financial as
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6.2 Loans to banks: assets subject
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- 5 % auto sector; - 3 % aeronautic
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SECTION 10 Equity investments - Ite
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10.3 Annual changes in equity inves
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SECTION 11 Technical reserves of re
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These valuation methods were perfor
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Details of the item “Goodwill”
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13.2 Annual changes in intangible a
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comparable transactions for corpora
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Second level impairment test Becaus
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Cash Generating Unit Increase in th
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No deferred tax assets were recogni
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14.7 Other information The tables a
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15.2 Other information Nothing to r
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SECTION 2 Due to customers - Item 2
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Details of item A.1 “Subordinated
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SECTION 4 Financial liabilities hel
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6.2 Hedging derivatives: compositio
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11.2 Other information The demograp
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demographic tables; the characteri
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Changes in liabilities in 2011 for
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The economic and financial assumpti
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• degree of “innovation” in t
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year, for 2004 the tax authorities
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Banca Carime (2003 and 2004) increa
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15.2 Share capital - Number of shar
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Also, with regard to the conversion
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UBI Leasing SpA + €353 thousand R
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5. Management and intermediation on
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1.4 Interest expense and similar: c
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2.2 Commission expense: composition
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SECTION 6 Income (loss) from dispos
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8.2 Net impairment losses on availa
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SECTION 9 Net premiums - Item 150 9
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SECTION 12 Net provisions for risks
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SECTION 16 Profits (losses) of equi
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SECTION 19 Profits (losses) on disp
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SECTION 21 Post-tax profit after ta
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(v) (vi) (vii) (viii) (ix) (x) on 5
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368
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- AMA) - in combined use with the t
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1.2 Policies for the management of
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- it works with the Rating Desk and
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Credit processes within the network
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Credit risk management policy A pro
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Policy for the distribution of mort
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- pledge. In the case of mortgage c
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Quantitative information A. Credit
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A.1.3 Banking Group - On- and off-b
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A.1.7 Banking Group - On-balance sh
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A.3.1 Banking Group - Guaranteed/se
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B. Distribution and concentration o
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B.3 Banking group - Geographical di
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of a loan portfolio was signed, whi
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• performing loans resulting from
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Orio Finance 3 Originator UBI Banca
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Tabella 7: 190090O|1 - NOTA C.1.6 I
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C.2 Transfers C.2.1 Financial asset
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C.3 Banking Group - Covered bond op
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transferred. Each of these swaps ha
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3. management of the operations. Th
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Subsequently, in November 2011, aft
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D. Banking group - Models for the m
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one day VaR limit for the UBI Group
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Backtesting analysis Backtesting an
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The analysis shows a very heightene
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different hypotheses for the elasti
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2.3 Currency risk Qualitative infor
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2.4 Derivative financial instrument
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A.3 Financial derivatives: gross po
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A.7 OTC financial derivatives: bank
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B. Credit derivatives B.1 Credit de
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The system for the management of li
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Quantitative information 1.1 Distri
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1.3 Distribution over time by resid
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1.5 Distribution over time by resid
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4 BANKING GROUP - OPERATIONAL RISKS
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- Local Operational Risk Support Of
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16031). It must also be underlined
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Quantitative information The graphs
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Operational losses detected in 2011
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B. Quantitative information Informa
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Section 2 - Capital and banking sup
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deductions and negative filters, to
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PART G - Business combination trans
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the consolidated income tax act) co
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Transactions with related parties -
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Principal income statement items wi
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it is calculated on the basis of th
Page 469 and 470:
Distribution by business segment: b
Page 471:
Assistance activities (risk assessm
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UBI Banca Group

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