UBI Banca Group

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1. Equity investments in companies subject to exclusive control and to joint control (proportionately consolidated) Name Headquarters Share capital Details of investment Investing company A.1 Line-by-line consolidated companies 1. Unione di Banche Italiane Scpa - UBI Banca Bergamo PARENT 2. 24-7 Finance Srl Brescia euro 10,000 4 UBI Banca Scpa 10.000% 10.000% 3. Albenza 3 Srl Milan euro 10,000 4 X X X 4. Barberini Sa Brussels (Belgium) euro 3,092,784 1 UBI Banca Scpa 100.000% 100.000% 5. BDG Singapore Pte Ltd Singapore Sing. dollars 5,600,000 1 Banque de Depots et de Gestion Sa 100.000% 100.000% 6. B@nca 24-7 Spa Bergamo euro 316,800,000 1 UBI Banca Scpa 100.000% 100.000% 7. Banca Carime Spa Cosenza euro 1,468,208,505,92 1 UBI Banca Scpa 92.833% 92.833% 8. Banca di Valle Camonica Spa Breno (BS) euro 2,738,693 1 UBI Banca Scpa 74.244% 82.960% Banco di Brescia Spa 8.716% 9. Banca Lombarda Preferred Capital Company LLC Delaware (USA) euro 1,000 1 UBI Banca Scpa 100.000% 100.000% 10. Banca Lombarda Preferred Securities Trust Delaware (USA) euro 1,000 1 UBI Banca Scpa 100.000% 100.000% 11. Banca Popolare Commercio e Industria Capital Trust Delaware (USA) euro 1,000 1 BPCI Funding Llc - USA 100.000% 100.000% 12. Banca Popolare Commercio e Industria Funding LLC Delaware (USA) euro 1,000,000 1 UBI Banca Scpa 100.000% 100.000% 13. Banca Popolare Commercio e Industria Spa Milan euro 934,150,467,60 1 UBI Banca Scpa 75.077% 75.077% 14. Banca Popolare di Ancona Spa Jesi ( AN) euro 122,343,580 1 UBI Banca Scpa 92.934% 92.934% 15. Banca Popolare di Bergamo Spa Bergamo euro 1,350,514,252 1 UBI Banca Scpa 100.000% 100.000% 16. Banca Regionale Europea Spa Cuneo euro 468,880,348,04 1 UBI Banca Scpa 74.944% 75.800% 17. Banco di Brescia Spa Brescia euro 615,632,230,88 1 UBI Banca Scpa 100.000% 100.000% 18. Banco di San Giorgio Spa Genoa euro 102,119,430 1 UBI Banca Scpa 38.193% 95.693% Banca Regionale Europea Spa 57.500% 19. Banque de Depots et de Gestion Sa Lausanne (Switzerland) Swiss francs 10,000,000 1 UBI Banca Scpa 100.000% 100.000% 20. BPB Capital Trust Delaware (USA) euro 1,000 1 BPB Funding Llc - USA 100.000% 100.000% 21. BPB Funding LLC Delaware (USA) euro 1,000,000 1 UBI Banca Scpa 100.000% 100.000% 22. BPB Immobiliare Srl Bergamo euro 185,680,000 1 UBI Banca Scpa 100.000% 100.000% 23. Centrobanca Spa Milan euro 369,600,000 1 UBI Banca Scpa 94.271% 99.742% Banca Popolare di Ancona Spa 5.471% 24. Centrobanca Sviluppo Impresa SGR Spa Milan euro 2,000,000 1 Centrobanca Spa 100.000% 100.000% 25. Coralis Rent Srl Milan euro 400,000 1 UBI Banca Scpa 100.000% 100.000% 26. Investnet International Spa Milan euro 12,478,465 1 IW Bank Spa 100.000% 100.000% 27. Invesclub srl in liquidazione Milan euro 10,000 1 IW Bank Spa 100.000% 100.000% 28. IW Bank Spa Milan euro 18,404,795 1 UBI Banca Scpa 65.039% 88.535% Centrobanca Spa 23.496% 29. Lombarda Lease Finance 4 Srl Brescia euro 10,000 4 UBI Banca Scpa 10.000% 10.000% 30. Orio Finance Nr. 3 Plc Dublin (Ireland) euro 10,000 4 X X X 31. Prestitalia Spa Rome euro 46,385,482 1 Banca 24-7 Spa 100.000% 100.000% 32. Silf - Società Italiana Leasing e Finanziamenti Spa Cuneo euro 2,000,000 1 UBI Banca Scpa 100.000% 100.000% 33. Società Bresciana Immobiliare - Mobiliare SBIM Spa Brescia euro 35,000,000 1 UBI Banca Scpa 100.000% 100.000% 34. Società Lombarda Immobiliare Srl - SOLIMM Brescia euro 100,000 1 UBI Banca Scpa 100.000% 100.000% 35. UBI Banca International Sa Luxembourg euro 59,070,750 1 UBI Banca Scpa 90.603% 100.000% Banco di Brescia Spa 5.852% Banco di San Giorgio Spa 0.173% Banca Popolare di Bergamo Spa 3.372% 36. UBI Banca Private Investment Spa Brescia euro 67,950,000 1 UBI Banca Scpa 100.000% 100.000% 37. UBI Factor Spa Milan euro 36,115,820 1 UBI Banca Scpa 100.000% 100.000% 38. UBI Fiduciaria Spa Brescia euro 1,898,000 1 UBI Banca Scpa 100.000% 100.000% Type of ownership % held % of votes 243
39. UBI Finance Srl Milan euro 10,000 1 UBI Banca Scpa 60.000% 60.000% 40. UBI Finance 2 Srl Brescia euro 10,000 4 UBI Banca Scpa 10.000% 10.000% 41. UBI Finance 3 Srl Brescia euro 10,000 4 UBI Banca Scpa 10.000% 10.000% 42. UBI Gestioni Fiduciarie Sim Spa Brescia euro 1,040,000 1 UBI Fiduciaria Spa 100.000% 100.000% 43. UBI Insurance Broker Srl Bergamo euro 3,760,000 1 UBI Banca Scpa 100.000% 100.000% 44. UBI Lease Finance 5 Srl Brescia euro 10,000 4 UBI Banca Scpa 10.000% 10.000% 45. UBI Leasing Spa Brescia euro 241,557,810 1 UBI Banca Scpa 79.996% 98.993% Banca Popolare di Ancona Spa 18.997% 46. UBI Management Company Sa Luxembourg euro 125,000 1 UBI Pramerica SGR Spa 100.000% 100.000% 47. UBI Pramerica SGR Spa Milan euro 19,955,465 1 UBI Banca Scpa 65.000% 65.000% 48. UBI Sistemi e Servizi Scpa Brescia euro 35,136,400 1 UBI Banca Scpa 70.845% 98.520% Banca Carime Spa 2.960% Banca Popolare Commercio e Industria Spa 2.960% Banca Popolare di Ancona Spa 2.960% Banca Popolare di Bergamo Spa 2.960% Banca Regionale Europea Spa 2.960% Banco di Brescia Spa 2.960% Banca 24-7 Spa 1.480% Banca di Valle Camonica Spa 1.480% Banco di San Giorgio Spa 1.480% Centrobanca Spa 1.480% UBI Banca Private Investment Spa 1.480% UBI Pramerica SGR Spa 1.480% UBI Factor Spa 0.740% Silf Spa 0.074% IW Bank Spa 0.074% Prestitalia Spa 0.074% UBI Insurance Broker Srl 0.074% 49. UBI Trustee Sa Luxembourg euro 250,000 1 UBI Banca International Sa 100.000% 100.000% 50. UBI Finance CB 2 Srl Milan euro 10,000 4 UBI Banca Scpa 10.000% 10.000% Key (1) Type of ownership: 1 = majority of voting rights in ordinary general meetings 2 = dominating influence over ordinary general meetings 3 = agreements with other shareholders 4 = other forms of control 5 = “unitary management” control under Art. 26, paragraph 1, of “Legislative Decree No. 87/92” 6 = “unitary management” control under Art. 26, paragraph 2, of “Legislative Decree No. 87/92 7 = joint control (2) (Votes available at ordinary shareholders’ meetings, distinguishing between actual and potential) 244
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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
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CENTROBANCA SPA Figures in thousand
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principally to new classifications
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- the net result for financial acti
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IW BANK SPA Figures in thousands of
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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
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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: The income statement of the investo
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
Page 285 and 286: 2.2 Financial assets held for tradi
Page 287 and 288: 3.3. Financial assets at fair value
Page 289 and 290: 4.4 Available-for-sale financial as
Page 291 and 292: 6.2 Loans to banks: assets subject
Page 293 and 294: - 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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