UBI Banca Group

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OTC currency derivatives: details of instrument types and classes of customer Data as at 31st December 2011 Product class 1 Type of instrument Customer classification Number of transactions Notional MtM of which negative MtM Vanilla currency options purchased by the customer 3: Professional 1 740,740.74 779.39 - Vanilla currency options purchased by the customer Total 1 740,740.74 779.39 - Forward synthetic Qualified 20 6,874,415.23 316,269.27 -1,921.81 3: Professional 263 195,739,722.69 -1,775,333.44 -3,330,143.53 2: Non private individual retail 54 23,056,523.52 178,210.62 -490,261.44 Forward synthetic Total 337 225,670,661.44 -1,280,853.55 -3,822,326.78 Plafond Qualified 19 6,043,494.98 27,758.33 -94,398.33 3: Professional 110 83,981,559.83 1,112,860.60 -1,439,064.66 2: Non private individual retail 163 52,191,390.18 696,844.63 -1,184,798.69 Plafond Total 292 142,216,444.99 1,837,463.56 -2,718,261.68 Currency collars 3: Professional 17 3,346,088.54 121,604.83 -29,512.79 2: Non private individual retail 5 414,459.75 3,877.89 -11,858.26 Currency collars Total 22 3,760,548.29 125,482.72 -41,371.05 Total Class 1: hedging derivatives 652 372,388,395.46 682,872.12 -6,581,959.51 Class 1: % of Group total 75.12% 76.61% - 80.29% 2 Knock in collars 3: Professional 46 11,195,527.93 -733,629.62 -733,629.62 Knock in collars Total 46 11,195,527.93 -733,629.62 -733,629.62 Knock in forward Qualified 4 1,130,975.59 54,116.15 -176.94 3: Professional 78 61,837,184.12 3,681,068.48 -156,165.30 2: Non private individual retail 11 3,612,313.87 92,112.78 - Knock in forwards Total 93 66,580,473.58 3,827,297.41 -156,342.24 Average rate options 3: Professional 5 3,557,951.47 -472,498.68 -472,498.68 Average rate options Total 5 3,557,951.47 -472,498.68 -472,498.68 Total Class 2: hedging derivatives with possible exposure 144 81,333,952.98 2,621,169.11 -1,362,470.54 to contained financial risks Class 2: % of Group total 16.59% 16.73% - 16.62% 3b Knock out forward 3: Professional 11 11,756,629.40 273,738.21 -40,195.06 Knock out forward Total 11 11,756,629.40 273,738.21 -40,195.06 Knock out knock in forward 3: Professional 38 14,549,121.36 337,629.89 -11,318.01 Knock out knock in forwards Total 38 14,549,121.36 337,629.89 -11,318.01 Vanilla currency options sold by the customer 3: Professional 23 6,031,993.22 -201,435.56 -201,435.56 Vanilla currency options sold by the customer Total 23 6,031,993.22 -201,435.56 -201,435.56 Total Class 3: derivatives not for hedging 72 32,337,743.98 409,932.54 -252,948.63 Class 3: % of Group total 8.29% 6.65% - 3.09% Total UBI Banca Group 868 486,060,092.42 3,713,973.77 -8,197,378.68 OTC commodities derivatives: details of instrument types and classes of customer Data as at 31st December 2011 Product class Type of instrument Customer classification Number of transactions Notional MTM of which negative MtM 2 Commodity swaps Qualified 1 971,095.14 -41,169.95 -41,169.95 3: Professional 14 4,004,500.60 -65,180.19 -214,912.55 2: Non private individual retail 2 145,000.00 -19,809.00 -19,809.00 Commodity swaps Total 17 5,120,595.74 -126,159.14 -275,891.50 Commodity collars 3: Professional 2 1,232,500.00 81,022.00 - Commodity collars Total 2 1,232,500.00 81,022.00 - Forward synthetic 2: Non private individual retail 3 552,990.00 19,091.00 - Forward synthetic Total 3 552,990.00 19,091.00 - Total Class 2: hedging derivatives with possible exposure 22 6,906,085.74 -26,046.14 -275,891.50 to contained financial risks Total UBI Banca Group 22 6,906,085.74 -26,046.14 -275,891.50 TOTAL UBI BANCA GROUP 10,669 6,979,147,789.06 -329,772,130.02 -345,711,685.99 149
OTC derivatives: first five counterparties by bank (figures in euro) Data as at 31st December 2011 Bank Classification MtM of which negative MtM Centrobanca 3: Professional and qualified -22,089,182 -22,089,182 3: Professional and qualified -17,628,112 -17,628,112 2: Non private individual retail -4,592,902 -4,592,902 3: Professional and qualified -2,668,981 -2,668,981 2: Non private individual retail -2,298,605 -2,298,605 Banco di Brescia 3: Professional and qualified -3,941,365 -3,941,365 3: Professional and qualified -2,422,093 -2,422,093 3: Professional and qualified -2,392,160 -2,392,160 2: Non private individual retail -2,104,871 -2,104,871 3: Professional and qualified -1,871,467 -1,871,467 Banca Popolare Commercio e Industria 2: Non private individual retail -5,792,980 -5,792,980 2: Non private individual retail -3,253,929 -3,253,929 2: Non private individual retail -2,124,512 -2,124,512 3: Professional and qualified -1,992,515 -1,992,515 3: Professional and qualified -1,357,625 -1,357,625 Banca Popolare di Ancona 2: Non private individual retail -5,600,150 -5,600,150 3: Professional and qualified -1,461,592 -1,461,592 2: Non private individual retail -1,355,723 -1,355,723 2: Non private individual retail -1,329,991 -1,329,991 3: Professional and qualified -1,022,818 -1,022,818 Banca Regionale Europea 3: Professional and qualified -3,871,660 -3,871,660 3: Professional and qualified -1,379,541 -1,379,541 3: Professional and qualified -963,679 -963,679 3: Professional and qualified -906,539 -906,539 2: Non private individual retail -595,627 -595,627 Banca Popolare di Bergamo 2: Non private individual retail -2,617,310 -2,617,310 3: Professional and qualified -2,116,962 -2,116,962 3: Professional and qualified -1,846,520 -1,846,520 3: Professional and qualified -1,570,024 -1,570,024 3: Professional and qualified -1,568,704 -1,568,704 Banco di San Giorgio 2: Non private individual retail -818,271 -818,271 2: Non private individual retail -703,776 -703,776 2: Non private individual retail -694,470 -694,470 2: Non private individual retail -630,316 -630,316 2: Non private individual retail -616,126 -616,126 Banca di Valle Camonica 3: Professional and qualified -654,747 -657,126 3: Professional and qualified -615,507 -615,507 2: Non private individual retail -471,014 -471,014 3: Professional and qualified -443,706 -443,706 3: Professional and qualified -296,879 -296,879 Banca Carime 2: Non private individual retail -615,077 -615,077 2: Non private individual retail -509,482 -509,482 3: Professional and qualified -451,842 -452,441 3: Professional and qualified -366,827 -366,827 2: Non private individual retail -214,872 -214,872 150
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Joint stock co-operative company Re
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▪ Principal risks and uncertainti
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REPORT ON CORPORATE GOVERNANCE AND
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A low risk profile The Group has no
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UBI Banca: company officers Honorar
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UBI Banca Group: the main investmen
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The rating As the sovereign debt cr
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Notice of call 1 An Ordinary Genera
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The macroeconomic scenario In a gen
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Monetary policy action taken by the
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imports (+24.9%) than in exports (+
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permanently balance public accounts
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In the light of the very serious cr
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total of the variable component of
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The “hour glass” shaped distrib
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dynamic use of credit recovery serv
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The contribution of the outstanding
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4 th -7 th July 2011 (offer period
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Action undertaken on the branch net
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Disposal of UBI Pramerica SGR opera
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Finally, the UBI Banca Group increa
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• the “Italian Banking Associat
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- the global financial crisis, whic
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As a result of new loan disbursemen
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Again with regard to financial educ
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As concerns the Foreign-Commercial
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This dialogue with customers is not
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The distribution network and positi
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The Italian distribution network of
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Remote channels Market coverage by
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• private individual customers ca
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Human resources The composition of
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The percentage of part-time employe
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Personnel management policies and i
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• the implementation of the “Va
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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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Page 101 and 102: Brescia and €116.3 million of imp
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Page 105 and 106: The comments that follow are based
Page 107 and 108: Total funding Total group funding,
Page 109 and 110: On the other hand, while significan
Page 111 and 112: In detail, institutional funding wa
Page 113 and 114: The public tender offer to purchase
Page 115 and 116: As concerns mutual investment funds
Page 117 and 118: General banking business with custo
Page 119 and 120: The ratio of lending to funding in
Page 121 and 122: The change recorded was caused by a
Page 123 and 124: unsecured non-performing loans (€
Page 125 and 126: Loans to customers: changes in dete
Page 127 and 128: The interbank market and the liquid
Page 129 and 130: Loans to banks: composition Changes
Page 131 and 132: The collateral pool also benefited
Page 133 and 134: Financial assets The year 2011 was
Page 135 and 136: - the Centrobanca corporate bond po
Page 137 and 138: Financial instruments held for trad
Page 139 and 140: Financial liabilities held for trad
Page 141 and 142: As concerns, on the other hand, por
Page 143 and 144: Exposures to some types of products
Page 145 and 146: SPE underlying assets Figures in mi
Page 147 and 148: The table below summarises on- and
Page 149: OTC interest rate derivatives: deta
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Page 155 and 156: illion) and on the other hand for t
Page 157 and 158: The system of internal control The
Page 159 and 160: from the scope of the regulations f
Page 161 and 162: Consolidated companies: the princip
Page 163 and 164: Direct funding from customers Figur
Page 165 and 166: The performance of the main consoli
Page 167 and 168: exposures secured by real estate pr
Page 169 and 170: million) and other services (+€5.
Page 171 and 172: BANCA POPOLARE COMMERCIO E INDUSTRI
Page 173 and 174: accounts and deposits and term depo
Page 175 and 176: - net interest income reached €16
Page 177 and 178: BANCA POPOLARE DI ANCONA SPA Figure
Page 179 and 180: under management, which fell overal
Page 181 and 182: million) and the repurchase of own
Page 183 and 184: CENTROBANCA SPA Figures in thousand
Page 185 and 186: principally to new classifications
Page 187 and 188: - the net result for financial acti
Page 189 and 190: IW BANK SPA Figures in thousands of
Page 191 and 192: overdrafts, while the remaining €
Page 193 and 194: y the “Company restructuring prog
Page 195 and 196: UBI PRAMERICA SGR SPA Figures in th
Page 197 and 198: UBI FACTOR SPA Figures in thousands
Page 199 and 200: 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
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Distribution by business segment: b
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Assistance activities (risk assessm
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UBI Banca Group

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