UBI Banca Group

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SECTION 3 Securities issued – Item 30 3.1 Securities issued: composition by type 31/12/2011 31/12/2010 Type of securities / Fair Value Fair Value Amounts Carrying Carrying Amount Level 1 Level 2 Level 3 Amount Level 1 Level 2 Level 3 A. Securities 1. bonds 44,429,027 19,040,937 18,480,913 4,180,132 42,880,256 16,007,731 21,430,817 5,070,534 1.1 structured 8,193,086 1,358,001 6,161,199 239,665 7,750,255 1,473,636 5,164,983 959,907 1.2 other 36,235,941 17,682,936 12,319,714 3,940,467 35,130,001 14,534,095 16,265,834 4,110,627 2. other securities 3,948,336 - 3,731,633 218,802 5,213,632 - 5,766,494 200,352 2.1 structured 2.2 other 3,948,336 3,731,633 218,802 5,213,632 5,766,494 200,352 Total 48,377,363 19,040,937 22,212,546 4,398,934 48,093,888 16,007,731 27,197,311 5,270,886 Structured bonds listed on an active market (Level 1) include a convertible bond issued on 10 th July 2009 by the Parent for €653.8 million, inclusive of amounts accrued. At the end of the year bonds issued in relation to covered bond operations amounted to €5.8 billion (the carrying amount inclusive of the fair value delta hedge amounting €318.4 million was €6.1 billion). Bond issues consisting of issues on the EMTN market totalled €10.3 billion. 3.2 Details of item 30 “Securities issued”: subordinated securities Description/Amount 31/12/2011 31/12/2010 Subordinated securities issued 4,825,306 4,177,319 319
Details of item A.1 “Subordinated securities” are also given. ISSUER TYPE OF ISSUE COUPON MATURITY DATE EARLY REDEMPTION CLAUSE NOMINAL AMOUNT IAS AMOUNT 31.12.2011 BPB CAPITAL TRUST 2001/perpetual - mixed rate - Currency euro ISIN Until 14-2-2011 fixed rate at 8.364%; from 15-2-2011 variable 1 perpetual (*) 227,436 229,649 XS0123998394 rate Euribor 3M + 5.94%. TIER ONE CAPITAL BANCA LOMBARDA PREFERRED SECURITIES TRUST Innovative equity instruments 2 2000/perpetual - mixed rate - Currency euro ISIN XS0108805564 Until 9-3-2010 fixed rate of 8.17%; from 10-3-2010 to 9-3-2011 variable rate Euribor 3M + 3.375%; from 10-3-2011 variable rate Euribor 3M + 5.94%. perpetual (*) 124,636 125,143 BPCI CAPITAL TRUST 3 4 5 6 2001/perpetual - mixed rate - Currency euro ISIN XS0131512450 2011/2018 - mixed rate ISIN IT0004767742 - Currency euro Listed on MOT (electronic bond market) 2010/2017 - fixed rate ISIN IT0004645963 - Currency euro Listed on MOT (electronic bond market) 2004/2014 - variable rate ISIN IT0003754949 - Currency euro Until 26-6-2011 fixed rate of 9.00%; from 27-6-2011 variable rate Euribor 3M + 5,94%. Quarterly fixed rate 6.25% until 2014 and subsequently variable Euribor 3M +1%. Half year fixed rate 4.30%. 5-11-2017 Half year Euribor 6M + 0.125% for years 1-5; Euribor 6M + 0.725% for years 6-10. perpetual (*) 18-11-2018 Redemption by repayment schedule at constant annual rates from 5-11-2013 101,388 221,598 101,929 219,055 400,000 397,740 23-12-2014 110,068 109,105 7 2004/2014 - variable rate ISIN IT0003723357 - Currency euro Half year Euribor 6M + 0.125% for years 1-5; Euribor 6M + 0.725% for years 6-10. 22-10-2014 137,059 136,248 8 9 2008/2015 - variable rate ISIN IT0004424435 - Currency euro Listed on MOT (electronic bond market) Quarterly Euribor 3M + 0.85%. 28-11-2015 2006/2018 - variable rate EMTN ISIN XS0272418590 - Quarterly Euribor 3M + 0.50% for years 1-7; Euribor 3M + 1.10% Currency euro for years 8-12. Redemption by fixed rate annual amortisation schedule from 28-11- 2011 479,519 474,739 30-10-2018 Call 30-10-2013 211,650 211,988 10 2009/2016 - variable rate ISIN IT0004457187 - Currency euro Listed on MOT (electronic bond market) Quarterly Euribor 3M + 1.25%. 13-3-2016 Redemption by fixed rate annual amortisation schedule from 13-3- 2012 211,992 209,976 UNIONE DI BANCHE ITALIANE Ordinary subordinated bond issues (Lower Tier 2) 11 2009/2019 - mixed rate ISIN IT0004457070 Currency euro - Listed on MOT (electronic bond market) Half year fixed rate 4.15% until 2014; subsequently variable Euribor 6M + 1.85%. 13-3-2019 13-3-2014 370,000 383,886 TIER TWO CAPITAL 12 2009/2016 - variable rate ISIN IT0004497068 - Currency euro Listed on MOT (electronic bond market) Quarterly Euribor 3M + 1.25%. 30-6-2016 Redemption by fixed rate annual amortisation schedule from 30-6- 2012 156,837 154,915 13 2009/2019 - mixed rate ISIN IT0004497050 Currency euro - Listed on MOT (electronic bond market) Half year fixed rate 4% until 2014; subsequently variable Euribor 6M + 1.85%. 30-6-2019 30-6-2014 365,000 370,940 14 15 16 17 2010/2017 - fixed rate ISIN IT0004572878 Currency euro - Listed on MOT (electronic bond market) 2010/2017 - variable rate ISIN IT0004572860 - Currency euro Listed on MOT (electronic bond market) 2011/2018 - fixed rate ISIN IT0004718489 Currency euro - Listed on MOT (electronic bond market) 2011/2018 - fixed rate ISIN IT0004723489 Currency euro - Listed on MOT (electronic bond market) Half year fixed rate 3.10%. 23-2-2017 Half year variable rate Euribor 6M + 0.40% 23-2-2017 Half year fixed rate 5.50%. 16.6.2018 Half year fixed rate 5.40% 30-6-2018 Redemption by fixed rate annual amortisation schedule from 23-2- 2013 Redemption by fixed rate annual amortisation schedule from 23-2- 2013 Redemption by fixed rate annual amortisation schedule from 16-6- 2014 Redemption by fixed rate annual amortisation schedule from 30-6- 2014 300,000 309,378 152,587 151,473 400,000 412,217 400,000 412,473 BANCA POPOLARE DI BERGAMO Hybrid capitalisation instruments (Upper Tier 2) 18 2001/2012 - variable rate ISIN IT0003210074 - Currency euro - Listed on MOT (electronic bond market) Quarterly Euribor 3M + 0.80% 18-6-2012 No provision 250,000 250,191 BANCA CARIME Hybrid capitalisation instruments (Upper Tier 2) 19 2002/2012 - fixed rate 6% ISIN IT0003302863 - Currency euro Half yearly fixed rate 6% 25-6-2012 No provision 164,000 164,261 TOTAL 4,783,770 4,825,306 (*) Subsequent to the early redemption dates, securities are called every 3 months. 320
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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 €
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y the “Company restructuring prog
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UBI PRAMERICA SGR SPA Figures in th
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UBI FACTOR SPA Figures in thousands
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impaired loans - attributable mainl
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managers of Banca Popolare Commerci
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Development Decree - Decree Law No.
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‐ the tax treatment of provisions
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a different criterion is used to ca
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Further details of tax inspections
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In 2011, UBI Banca obtained visibil
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meetings with representatives of bo
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Legislation on the protection of pe
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• risks defined as measurable, fo
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uncertainty surrounding the outcome
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Compliance of corporate health and
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STATEMENT OF THE CHIEF EXECUTIVE OF
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Certification of the consolidated f
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Independent auditors’ report 226
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228
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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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Page 271 and 272: (a) within asset item 120 of the ba
Page 273 and 274: 10.1. Current tax assets and liabil
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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
Page 295 and 296: SECTION 10 Equity investments - Ite
Page 297 and 298: 10.3 Annual changes in equity inves
Page 299 and 300: SECTION 11 Technical reserves of re
Page 301 and 302: These valuation methods were perfor
Page 303 and 304: Details of the item “Goodwill”
Page 305 and 306: 13.2 Annual changes in intangible a
Page 307 and 308: comparable transactions for corpora
Page 309 and 310: Second level impairment test Becaus
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Page 313 and 314: No deferred tax assets were recogni
Page 315 and 316: 14.7 Other information The tables a
Page 317 and 318: 15.2 Other information Nothing to r
Page 319: SECTION 2 Due to customers - Item 2
Page 323 and 324: SECTION 4 Financial liabilities hel
Page 325 and 326: 6.2 Hedging derivatives: compositio
Page 327 and 328: 11.2 Other information The demograp
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Page 331 and 332: Changes in liabilities in 2011 for
Page 333 and 334: The economic and financial assumpti
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Page 337 and 338: year, for 2004 the tax authorities
Page 339 and 340: Banca Carime (2003 and 2004) increa
Page 341 and 342: 15.2 Share capital - Number of shar
Page 343 and 344: Also, with regard to the conversion
Page 345 and 346: UBI Leasing SpA + €353 thousand R
Page 347 and 348: 5. Management and intermediation on
Page 349 and 350: 1.4 Interest expense and similar: c
Page 351 and 352: 2.2 Commission expense: composition
Page 353 and 354: SECTION 6 Income (loss) from dispos
Page 355 and 356: 8.2 Net impairment losses on availa
Page 357 and 358: SECTION 9 Net premiums - Item 150 9
Page 359 and 360: SECTION 12 Net provisions for risks
Page 361 and 362: SECTION 16 Profits (losses) of equi
Page 363 and 364: SECTION 19 Profits (losses) on disp
Page 365 and 366: SECTION 21 Post-tax profit after ta
Page 367 and 368: (v) (vi) (vii) (viii) (ix) (x) on 5
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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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