UBI Banca Group

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Subsequent events and the business outlook for consolidated operations Part A, Section 4 of the Notes to the Financial Statements may be consulted for significant events occurring after the end of the year. *** With regard to the business outlook for operations, we report the forecasts given below on the basis of information currently available. The background environment (economic recession, low short-term interest rates, constraints resulting from EBA recommendations, competitive pressure on the cost of retail funding) will affect profits in the financial year 2012. The year will nevertheless benefit from commercial action already undertaken in 2011 and also from the positive results expected from the active management of the financial structure of the <strong>Group</strong>. Operating expenses are forecast to fall further compared to 2011, as a result of continuing action to contain them, which should make it possible to offset increases resulting from automatic contract clause increases, inflation, the full application of the increases in indirect taxation and from operations announced to streamline the <strong>Group</strong>. Action undertaken to monitor credit quality should enable impairment losses to be contained at levels close to those recorded in 2011. Consequently, growth in profits on ordinary operations, although only slight, is forecast for 2012, other economic factors remaining unchanged. The fundamental strategic lines of the 2011-2013/2015 Business Plan remain unchanged and no update is planned unless greater stability in the context is seen. Bergamo, 27 th March 2012 THE MANAGEMENT BOARD 221
STATEMENT OF THE CHIEF EXECUTIVE OFFICER AND OF THE SENIOR OFFICER RESPONSIBLE FOR PREPARING THE COMPANY ACCOUNTING DOCUMENTS 222
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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
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The collateral pool also benefited
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Financial assets The year 2011 was
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- the Centrobanca corporate bond po
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Financial instruments held for trad
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Financial liabilities held for trad
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As concerns, on the other hand, por
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Exposures to some types of products
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SPE underlying assets Figures in mi
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The table below summarises on- and
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OTC interest rate derivatives: deta
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OTC derivatives: first five counter
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Fair value reserves of available-fo
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illion) and on the other hand for t
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The system of internal control The
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from the scope of the regulations f
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Consolidated companies: the princip
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Direct funding from customers Figur
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The performance of the main consoli
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exposures secured by real estate pr
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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
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: Compliance of corporate health and
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
Page 233 and 234: Consolidated Income Statement figur
Page 235 and 236: Statement of changes in consolidate
Page 237 and 238: Consolidated Statement of Cash Flow
Page 239 and 240: PART A - Accounting policies A.1 -
Page 241 and 242: Accounting policies The accounting
Page 243 and 244: The income statement of the investo
Page 245 and 246: 39. UBI Finance Srl Milan euro 10,0
Page 247 and 248: ▪ ▪ ▪ 14 th March 2012: the U
Page 249 and 250: consequent absence of taxable incom
Page 251 and 252: List of the main IFRS standards end
Page 253 and 254: Reg. 1126/2008, SIC 7 Introduction
Page 255 and 256: 1.2. Definition of financial assets
Page 257 and 258: performance by stock markets rather
Page 259 and 260: 3.4 Derecognition criteria Held-to-
Page 261 and 262: original loan contract, or in the p
Page 263 and 264: The methods used for measurement of
Page 265 and 266: 6.3 Measurement criteria Investment
Page 267 and 268: individual renewals, or if the asse
Page 269 and 270: An intangible asset is recognised i
Page 271 and 272: (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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