UBI Banca Group

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Consolidated Balance Sheet ASSETS (figures in thousand of euro) 31/12/2011 31/12/2010 10. Cash and cash equivalents 625,835 609,040 20. Financial assets held for trading 2,872,417 2,732,751 30. Financial assets at fair value 126,174 147,286 40. Available-for-sale financial assets 8,039,709 10,252,619 60. Loans to banks 6,184,000 3,120,352 70. Loans to customers 99,689,770 101,814,829 80. Hedging derivatives 1,090,498 591,127 90. Fair value change in hedged financial assets 704,869 429,073 100. Equity investments 352,983 368,894 120. Property, equipment and investment property 2,045,535 2,112,664 130. Intangible assets 2,987,669 5,475,385 of which: goodwill 2,538,668 4,416,660 140. Tax assets: 2,817,870 1,723,231 a) current 459,282 650,177 b) deferred 2,358,588 1,073,054 150. Non current assets and disposal groups held for sale 22,020 8,429 160. Other assets 2,244,343 1,172,889 Total assets 129,803,692 130,558,569 Table 1: 100O|1 - NOTA1 ai “Criteri di redazione” . ldi di confronto al 31 dicembre 2006 si riferiscono al solo ex Gruppo BPU <strong>Banca</strong>.ai “Criteri di redazione” . LIABILITIES AND EQUITY (figures in thousand of euro) 31/12/2011 31/12/2010 10. Due to banks 9,772,281 5,383,977 20. Due to customers 54,431,291 58,666,157 30. Securities issued 48,377,363 48,093,888 40. Financial liabilities held for trading 1,063,673 954,423 60. Hedging derivatives 1,739,685 1,228,056 80. Tax liabilities: 702,026 993,389 a) current 383,364 441,433 b) deferred 318,662 551,956 100. Other liabilities 3,139,616 2,600,165 110. Post-employment benefits 394,025 393,163 120. Provisions for risks and charges: 345,785 303,572 a) pension and similar obligations 76,460 68,082 b) other provisions 269,325 235,490 140. Fair value reserves (1,315,865) (253,727) 170. Reserves 2,416,471 2,362,382 180. Share premiums 7,429,913 7,100,378 190. Share capital 2,254,367 1,597,865 200. Treasury shares (4,375) 210. Non-controlling interests 898,924 962,760 220. Profit (loss) for the year (1,841,488) 172,121 Total liabilities and equity 129,803,692 130,558,569 231
Consolidated Income Statement figures in thousands of euro 2011 2010 10. Interest and similar income 4,047,546 3,525,312 20. Interest expense and similar (1,925,857) (1,378,714) 30. Net interest income 2,121,689 2,146,598 40. Commission income 1,351,827 1,378,117 50. Commission expense (159,893) (196,892) 60. Net commission income 1,191,934 1,181,225 70. Dividends and similar income 19,997 24,099 80. Net trading income (loss) 10,711 (56,891) 90. Net hedging income 8,938 67,209 100. Income (loss) from disposal or repurchase of: 26,529 17,057 a) loans and receivables 2,464 (3,850) b) available-for-sale financial assets 11,929 31,245 d) financial liabilities 12,136 (10,338) 110. Net income (loss) on financial assets and liabilities at fair value (38,849) 6,669 120. Gross income 3,340,949 3,385,966 130. Net impairment losses on: (742,221) (756,653) a) loans (607,078) (706,932) b) available-for-sale financial assets (128,182) (42,364) d) other financial transactions (6,961) (7,357) 140. Net financial income 2,598,728 2,629,313 170. Net income from banking and insurance operations 2,598,728 2,629,313 180. Administrative expenses (2,304,249) (2,375,174) a) personnel expense (1,423,196) (1,451,584) b) other administrative expenses (881,053) (923,590) 190. Net provisions for risks and charges (31,595) (27,209) 200. Net impairment losses on property, equipment and investment property (110,888) (109,838) 210. Net impairment losses on intangible assets (672,608) (130,500) 220. Other net operating income 243,065 239,430 230. Operating expenses (2,876,275) (2,403,291) 240. Profits of equity investments 10,248 99,027 260. Net impairment losses on goodwill (1,873,849) (5,172) 270. Profits on disposal of investments 6,818 14,458 280. Pre-tax profit (loss) from continuing operations (2,134,330) 334,335 290. Taxes on income for the year from continuing operations 271,991 (231,980) 300. Post-tax profit (loss) from continuing operations (1,862,339) 102,355 310. Post-tax profit from discontinued operations 248 83,368 320. Profit (loss) for the year (1,862,091) 185,723 330. (Profit) loss attributable to non-controlling interests 20,603 (13,602) 340. Profit (loss) for the year attributable to the shareholders of the Parent (1,841,488) 172,121 a seguito della fusione tra gli ex Gruppi BPU e Bana Lombarda, nonché della variazione del principio contabile relativo ai piani a benefici definiti per i dipendenti, i rispetto a quelli già pubosito si rimanda a quanto I Iesposto nella sezione relativa ai “Criteri di redazione” . icembre 2006 si riferiscono al solo ex Gruppo BPU <strong>Banca</strong>. 232
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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.
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BANCA POPOLARE COMMERCIO E INDUSTRI
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accounts and deposits and term depo
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- net interest income reached €16
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BANCA POPOLARE DI ANCONA SPA Figure
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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 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: Consolidated Balance Sheet
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
Page 273 and 274: 10.1. Current tax assets and liabil
Page 275 and 276: might affect the amount required to
Page 277 and 278: 14.3.2 Post-employment benefits and
Page 279 and 280: Interest is recognised on an accrua
Page 281 and 282: 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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