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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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In detail, institutional funding wa
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The public tender offer to purchase
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As concerns mutual investment funds
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General banking business with custo
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The ratio of lending to funding in
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The change recorded was caused by a
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unsecured non-performing loans (€
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Loans to customers: changes in dete
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The interbank market and the liquid
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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 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: million) and the repurchase of own
- 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
- Page 213 and 214: meetings with representatives of bo
- Page 215 and 216: Legislation on the protection of pe
- Page 217 and 218: • risks defined as measurable, fo
- Page 219 and 220: uncertainty surrounding the outcome
- Page 221 and 222: Compliance of corporate health and
- Page 223 and 224: STATEMENT OF THE CHIEF EXECUTIVE OF
- Page 225 and 226: Certification of the consolidated f
- Page 227 and 228: Independent auditors’ report 226
- Page 229 and 230: 228
- Page 231 and 232: 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
- Page 323 and 324:
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
- Page 375 and 376:
- 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
- Page 389 and 390:
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
- Page 431 and 432:
A.7 OTC financial derivatives: bank
- Page 433 and 434:
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
- Page 459 and 460:
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