UBI Banca Group

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Consolidated statement of comprehensive income Figures in thousands of euro 2011 2010 10. PROFIT (LOSS) FOR THE YEAR (1,862,091) 185,723 Other comprehensive income (expense) net of taxes 20. Available-for-sale financial assets (981,503) (456,017) 30. Property, equipment and investment property - - 40. Intangible assets - - 50. Foreign investment hedges - - 60. Cash flow hedges (2,694) 1,356 70. Foreign currency differences - - 80. Non-current assets held for sale - - 90. Actuarial losses on defined benefit plans (21,435) (12,537) 100. Share of fair value reserves of equity-accounted investees (62,742) (30,398) 110. Total other comprehensive expense net of taxes (1,068,374) (497,596) 120. COM PREHENSIVE EXPENSE (item 10 + 110) (2,930,465) (311,873) 130. CONSOLIDATED COMPREHENSIVE INCOME (EXPENSE) ATTRIBUTABLE TO NON- CONTROLLING INTERESTS (27,256) 7,017 130 CONSOLIDATED COM PREHENSIVE EXPENSE ATTRIBUTABLE TO THE SHAREHOLDERS OF THE PARENT (2,903,209) (318,890) 233
Statement of changes in consolidated equity to 31/12/2011 (figures in thousands of euro) Balances as at 31/12/2010 Restatement of opening balances Balances as at 01/01/2011 Allocation of prior year profit Reserves Dividends and other uses Changes in reserves Share capital: 2,112,552 - 2,112,552 - - (10,932) 656,502 - - - - - - 2,758,122 2,254,367 503,755 a) ordinary shares 2,076,462 - 2,076,462 - - (10,932) 656,502 - - - - - - 2,722,032 2,254,367 467,665 b) other shares 36,090 - 36,090 - - - - - - - - - - 36,090 - 36,090 Share premiums 7,179,155 - 7,179,155 - (2,604) 329,535 - - - - - 7,506,086 7,429,913 76,173 Reserves 2,690,200 - 2,690,200 69,885 - (25,197) - - - - - - 2,734,888 2,416,471 318,417 Fair value reserves (225,851) - (225,851) - - (458) - - - - - - (1,068,374) (1,294,683) (1,315,865) 21,182 Equity instruments - - - - - - - - - - - - - - - - Treasury shares - - - - - - - (4,375) - - - - - (4,375) (4,375) - Profit (loss) for the year 185,723 - 185,723 (69,885) (115,838) - - - - - - (1,862,091) (1,862,091) (1,841,488) (20,603) Equity: 11,941,779 - 11,941,779 - (115,838) (39,191) 986,037 (4,375) - - - - (2,930,465) 9,837,947 8,939,023 898,924 - attributabl e to sharehol ders of the Parent 10,979,019 - 10,979,019 - (102,236) (16,213) 986,037 (4,375) - - - - (2,903,209) 8,939,023 X X - attributabl e to noncontrolling interests 962,760 - 962,760 - (13,602) (22,978) - - - - - - (27,256) 898,924 X X New share issues Changes during the year Equity transactions Repurchase of treasury shares Extraordinary distribution of dividends Change in equity instruments Derivatives on treasury shares Stock options Consolidated comprehensive income (expense) Equity as at 31/12/2011 Equity attributable to the shareholders of the Parent as at 31/12/2011 Equity attributable to non-controlling interests as at 31/12/2011 The figures presented in this statement of changes in equity correspond to those reported in Table B.1 (Consolidated equity by type of company) contained in Part F of the Notes to the Financial Statements. Details of fair value reserves: 31.12.10 31.12.10 31.12.11 31.12.11 Parent NCI Parent NCI a) available for sale b) cash flow hedge c) foreign currency differences d) actuarial gains/losses e) special revaluation laws -311,493 -4,355 -1,350,979 -9,115 -619 -32 -3,217 -128 -243 0 -243 0 -14,518 -1,684 -34,155 -3,482 73,146 33,947 72,729 33,907 -253,727 27,876 -1,315,865 21,182 234
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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
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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 and 232: Consolidated Balance Sheet
Page 233: Consolidated Income Statement figur
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
Page 283 and 284: 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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