UBI Banca Group

SPE underlying assets
Figures in millions of euro
Classification of underlying assets of the securitisation 31.12.2011
31.12.2010
Measurement Gross of Net of Gross of Net of
Entity Total assets Class of underlying asset Accounting criteria impairment impairment impairment impairment
Classification adopted losses losses losses losses
Albenza 3 Srl 23.1 Mortgages L&R CA 22.2 22.1 36.3 36.3
Sintonia Finance - Mortgages L&R CA - - 25.5 23.4
24-7 Finance Mortgages L&R CA 1,688.2 (*) 1,681.4 (*) 1,903.9 (*) 1,894.5 (*)
24-7 Finance 4,670.3 Salary backed loans L&R CA - - 414.1 (*) 413.7 (*)
24-7 Finance Consumer loans L&R CA 1,322.0 (*) 1,283.9 (*) 1,809.6 (*) 1,761.8 (*)
Lease Finance 4 162.3 Leasing L&R CA 143.9 143.4 232.1 226.7
UBI Lease Finance 5 3,913.4 Leasing L&R CA 3,753.3 (*) 3,753.3 (*) 2,449.4 (*) 2,445.8 (*)
Orio Finance 3 23.1 RMBS Notes (ALBENZA 3 Srl) L&R CA 23.1 23.1 37.4 37.4
UBI Finance 9,686.0 Mortgages L&R CA 9,570.2 9,554.1 7,700.0 7,687.2
UBI Finance 2 1,013.7 Loans to SMEs and small businesses L&R CA 949.9 (*) 946.8 (*) 1,241.8 (*) 1,236.9 (*)
UBI Finance 3 2,109.4 Loans to businesses L&R CA 2,047.0 (*) 2,039.6 (*) 2,707.7 (*) 2,699.5 (*)
Total impaired assets, mortgages and loans 668.5 393.6 372.2 242.4
Total impaired assets, leasing 195.6 179.0 157.3 153.9
TOTAL 21,601.2 20,383.9 20,020.3 19,087.3 18,859.5
(*) assets transferred not derecognised on the books of the originators
The distribution by geographical location and credit rating of the securities issued relating to
the securitisations by the special purpose entities Lombarda Lease Finance 4 and UBI Lease
Finance 5 are given below.
Securitisations of UBI Leasing: distribution of the underlying assets and of the securities issued
(31 st December 2011)
DISTRIBUTION BY GEOGRAPHICAL AREA
DISTRIBUTION OF ASSETS BY CREDIT RATING
0.74%
1.19%
1.60%
4.17%
1.96%
7.76%
17.29%
51.35%
0.00%
14.34%
4.63%
10.05%
84.92%
Lombardy
Piedmont
Trentino Alto Adige
Liguria
Veneto
Latium
Emilia Romagna
Friuli Venezia Giulia
AAA A BBB unrated
Exposures in ABS, CDO, CMBS and other structured credit products
As at 31 st December 2011, the UBI Banca Group held direct investments in ABS instruments
amounting to €0.3 million (€92.2 million in December 2010), consisting of ABS instruments
recognised within financial assets held for trading, belonging to the subsidiary UBI Banca
International, with underlying assets of European origin (€0.5 million in December 2010).
In the second half of the year, ABS instruments were redeemed for a total of €89.1 million
(classified within available-for-sale financial assets), relating to the senior tranche of INPS
(national insurance institute) securitisations, in addition to structured credit products for a
total of €2.6 million (classified within financial assets held for trading in the UBI Banca
International portfolio).
No direct investments exist in securities backed by commercial mortgages (CMBS).
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