UBI Banca Group

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Net loans to customers Figures in thousands of euro 31.12.2011 31.12.2010 Change % change Unione di Banche Italiane Scpa 15,692,663 14,536,121 1,156,542 8.0% Banca Popolare di Bergamo Spa 19,609,764 20,276,206 -666,442 -3.3% Banco di Brescia Spa 13,561,110 15,078,204 -1,517,094 -10.1% Banca Popolare Commercio e Industria Spa 8,563,354 8,885,600 -322,246 -3.6% Banca Regionale Europea Spa 6,916,708 6,851,620 65,088 0.9% Banca Popolare di Ancona Spa 7,810,341 7,702,345 107,996 1.4% Banca Carime Spa 4,865,871 4,765,224 100,647 2.1% Banca di Valle Camonica Spa 1,889,840 1,885,564 4,276 0.2% Banco di San Giorgio Spa 2,811,916 2,787,617 24,299 0.9% UBI Banca Private Investment Spa 460,742 439,511 21,231 4.8% Centrobanca Spa 7,160,450 6,972,678 187,772 2.7% Banque de Dépôts et de Gestion Sa 205,020 207,425 -2,405 -1.2% B@nca 24-7 Spa 10,511,749 11,219,553 -707,804 -6.3% UBI Banca International Sa 1,087,454 1,095,406 -7,952 -0.7% IW Bank Spa 246,010 207,028 38,982 18.8% UBI Factor Spa 2,868,344 2,744,758 123,586 4.5% UBI Leasing Spa 9,045,465 9,698,555 -653,090 -6.7% CONSOLIDATED 99,689,770 101,814,829 -2,125,059 -2.1% Risk indicators Net non-performing loans / net loans Net impaired loans / net loans Net non-performing loans + Net impaired loans / net loans Percentages 31.12.2011 31.12.2010 31.12.2011 31.12.2010 31.12.2011 31.12.2010 Unione di Banche Italiane Scpa - - - - - - Banca Popolare di Bergamo Spa 2.29% 1.74% 2.41% 1.87% 4.70% 3.61% Banco di Brescia Spa 1.62% 1.23% 2.84% 2.11% 4.46% 3.34% Banca Popolare Commercio e Industria Spa 3.60% 2.96% 2.15% 2.53% 5.75% 5.49% Banca Regionale Europea Spa 2.18% 1.88% 2.44% 1.91% 4.62% 3.79% Banca Popolare di Ancona Spa 4.35% 3.73% 3.50% 3.29% 7.85% 7.02% Banca Carime Spa 1.93% 1.24% 3.34% 2.27% 5.27% 3.51% Banca di Valle Camonica Spa 2.79% 1.60% 3.05% 2.52% 5.84% 4.12% Banco di San Giorgio Spa 2.65% 1.68% 5.32% 4.34% 7.97% 6.02% UBI Banca Private Investment Spa 1.45% 1.17% 1.23% 1.34% 2.68% 2.51% Centrobanca Spa 1.48% 1.16% 3.52% 2.07% 5.00% 3.23% Banque de Dépôts et de Gestion Sa 0.09% 0.09% 1.74% 0.65% 1.83% 0.74% B@nca 24-7 Spa 2.18% 1.55% 1.05% 0.65% 3.23% 2.20% UBI Banca International Sa 0.08% 0.07% 2.31% 1.93% 2.39% 2.00% IW Bank Spa - - 0.14% 0.01% 0.14% 0.01% UBI Factor Spa 1.27% 0.42% 0.16% 0.15% 1.43% 0.57% UBI Leasing Spa 4.52% 3.19% 2.85% 1.91% 7.37% 5.10% CONSOLIDATED 2.49% 1.91% 2.54% 2.00% 5.03% 3.91% 161
Direct funding from customers Figures in thousands of euro 31.12.2011 31.12.2010 Change % change Unione di Banche Italiane Scpa 31,300,106 31,369,474 -69,368 -0.2% Banca Popolare di Bergamo Spa 19,714,160 20,546,068 -831,908 -4.0% Banco di Brescia Spa 11,980,422 11,736,765 243,657 2.1% Banca Popolare Commercio e Industria Spa 7,496,973 7,994,465 -497,492 -6.2% Banca Regionale Europea Spa 5,608,417 5,391,805 216,612 4.0% Banca Popolare di Ancona Spa 6,429,378 6,485,148 -55,770 -0.9% Banca Carime Spa 7,552,126 7,562,665 -10,539 -0.1% Banca di Valle Camonica Spa 1,358,499 1,421,234 -62,735 -4.4% Banco di San Giorgio Spa 1,652,028 1,572,492 79,536 5.1% UBI Banca Private Investment Spa 517,020 489,429 27,591 5.6% Centrobanca Spa 4,374,547 5,345,526 -970,979 -18.2% Banque de Dépôts et de Gestion Sa 362,182 419,437 -57,255 -13.7% B@nca 24-7 Spa 900 23,861 -22,961 -96.2% UBI Banca International Sa (1) 1,060,263 1,266,869 -206,606 -16.3% IW Bank Spa 1,907,380 1,513,127 394,253 26.1% CONSOLIDATED 102,808,654 106,760,045 -3,951,391 -3.7% Direct funding from customers includes amounts due to customers and securities issued, with the exclusion of bonds subscribed directly by companies in the Group. Direct funding for the following banks was therefore adjusted as follows: BANKS 31.12.2011 31.12 2010 UBI Banca €3,922.9 million €3,421 million Banca Popolare di Bergamo €50 million €50 million Banco di Brescia €752.3 million €382.2 million Banca Popolare Commercio e Industria - €181 million Banca Popolare di Ancona - €352 million Centrobanca €2,326.2 million €201.6 million Banca Regionale Europea €201.3 million €201 million Banca di Valle Camonica €254.3 million €201.7 million Banco di San Giorgio €763.8 million €332.4 million B@nca 24-7 €5,773 million €4,321 million (1) The figure for 31 st December 2011 is net of issues of French certificates of deposit and euro commercial paper totalling €5,318.8 million (€7,042.5 million as at 31 st December 2010). 162
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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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(+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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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 and 150: OTC interest rate derivatives: deta
Page 151 and 152: OTC derivatives: first five counter
Page 153 and 154: Fair value reserves of available-fo
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: Consolidated companies: the princip
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
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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
Page 201 and 202: managers of Banca Popolare Commerci
Page 203 and 204: Development Decree - Decree Law No.
Page 205 and 206: ‐ the tax treatment of provisions
Page 207 and 208: a different criterion is used to ca
Page 209 and 210: Further details of tax inspections
Page 211 and 212: 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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