UBI Banca Group

The table below summarises on- and off-balance sheet exposure for leveraged finance by
Centrobanca. That activity accounts for 11.2% of total lending and unsecured guarantees
granted by Centrobanca (12.2% as at 31 st December 2010). The amounts shown as at 31 st
December 2011 relate to 85 positions (grouped by Group of companies), for an average
exposure per loan of €10.6 million. There were around seven Groups of companies with
exposures greater than €20 million (all on-balance sheet loans) corresponding to
approximately 32.1% of the total.
Centrobanca leveraged finance business
figures in millions of euro
On-balance sheet exposure
gross exposure to customers
Guarantees
gross exposure to customers
used impairment used impairment
31 December 2011
31 December 2010
857.2 -14.1 46.2 -3.9
853.0 -7.7 51.9 -6.0
The graphs below show the distribution of leveraged exposures by geographical area and by
sector.
Distribution of Centrobanca leveraged exposures
(the figures as at 31 st December 2010 are given in brackets)
EXPOSURE BY GEOGRAPHICAL AREA
EXPOSURE BY SECTOR
Usa and
Messico
8% (4%) Europe
18% (21%)
Commerce and
services
23% (39%)
Italy
74% (75%)
Manifacturing
77% (61%)
Residual exposures also exist within the UBI Banca Group – approximately €218 million (€265
million as at 31 st December 2010) – relating to leveraged finance transactions performed before
this type of business was centralised at Centrobanca. They were performed by the network
banks relating to a total of 26 positions with average exposure per transaction of €8.4 million.
The distribution by bank was as follows: Banco di Brescia (€105.1 million), Banca Popolare di
Bergamo (€61.2 million), Banca Popolare Commercio e Industria (€19.7 million), Banca
Regionale Europea (€17.1 million) and Banca di Valle Camonica (€15.3 million).
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