UBI Banca Group

Loans to banks: composition
Changes
31.12.2011 % 31.12.2010 %
Figures in thousands of euro amount %
Loans to central banks 739,318 11.9% 739,508 23.7% -190 0.0%
Term deposits - - - - - -
Compulsory reserve requirements 738,100 11.9% 739,508 23.7% -1,408 -0.2%
Reverse repurchase agreements - - - - - -
Other 1,218 0.0% - - 1,218 n.s.
Loans to banks 5,444,682 88.1% 2,380,844 76.3% 3,063,838 128.7%
Current accounts and deposits 2,516,230 40.7% 1,161,396 37.3% 1,354,834 116.7%
Term deposits 455,701 7.4% 466,445 14.9% -10,744 -2.3%
Other financing: 1,329,819 21.5% 753,003 24.1% 576,816 76.6%
- reverse repurchase agreements 534,373 8.6% 988 0.0% 533,385 n.s.
- finance leases 98 0.0% 165 0.0% -67 -40.6%
- other 795,348 12.9% 751,850 24.1% 43,498 5.8%
Debt instruments 1,142,932 18.5% - - 1,142,932 n.s.
Total 6,184,000 100.0% 3,120,352 100.0% 3,063,648 98.2%
Interbank funding at the end of year was close to €10 billion, up by €4.4 billion over twelve
months, due primarily to the transactions with the ECB (+€3.8 billion) already mentioned, but
also to greater recourse to the market (+€0.6 billion), mainly in terms of repurchase
agreements.
Outstanding exposure to central banks of €6 billion consisted entirely of liquidity with a threeyear
maturity obtained in the auction held on 21 st December 2011.
With regard to amounts due to other banks, a comparison in terms of type of funding between
the two year-end positions shows a reduction of €0.2 billion for current accounts and demand
and term deposits considered as a whole (down from €1.9 billion to €1.7 billion). In reality, the
quarterly performance saw temporary growth in the first quarter which reached €3 billion,
followed by a decrease as the management of all interbank liquidity converged on the
Eurosystem as a consequence of the increase in country risk.
Furthermore, term deposits at the end of year (€0.8 billion) included a European Investment
Bank (EIB) deposit of €0.6 billion.
The item “financing”, amounting to €1.9 billion, increased by €0.7 billion. This change reflects
an increase in repurchase agreements to finance assets ineligible for refinancing, to be
interpreted in relation to the corresponding asset item.
“Other” financing includes a medium to long-term transaction with the European Investment
Bank relating to the Parent for a residual amount, after repayments for the year, of €588
million (€672 million at the end of 2010).
Due to banks: composition
Changes
31.12.2011 % 31.12.2010 %
Figures in thousands of euro amount %
Due to central banks 6,001,500 61.4% 2,219,152 41.2% 3,782,348 170.4%
Due to banks 3,770,781 38.6% 3,164,825 58.8% 605,956 19.1%
Current accounts and deposits 896,512 9.2% 692,788 12.9% 203,724 29.4%
Term deposits 778,119 8.0% 1,199,455 22.3% -421,336 -35.1%
Financing: 1,881,780 19.2% 1,149,003 21.3% 732,777 63.8%
- repurchase agreements 1,007,037 10.3% 290,737 5.4% 716,300 246.4%
- other 874,743 8.9% 858,266 15.9% 16,477 1.9%
Amounts due for commitments to repurchase own
equity instruments - - - - - -
Other payables 214,370 2.2% 123,579 2.3% 90,791 73.5%
Total 9,772,281 100.0% 5,383,977 100.0% 4,388,304 81.5%
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