UBI Banca Group

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4.2 Details of item 40 “Financial liabilities held for trading”: subordinated liabilities No subordinated financial liabilities held for trading have been recognised. 4.3 Details of item 40 “Financial liabilities held for trading”: structured debt No structured debt financial liabilities held for trading have been recognised. 4.4 Financial liabilities held for trading (excluding “uncovered short positions”): annual changes No financial liabilities held for trading have been recognised. SECTION 5 Financial liabilities held at fair value – Item 50 The <strong>UBI</strong> <strong>Group</strong> has not applied the option under IFRS to designate financial liabilities at fair value (fair value option). SECTION 6 Hedging derivatives – Item 60 6.1 Hedging derivatives: composition by type of hedge and hierarchical level Type of derivative / Fair value 31/12/2011 Nominal Fair value 31/12/2010 Nominal Underlying assets L1 L2 L3 amount L1 L2 L3 amount A. Financial derivatives - 1,739,685 - 17,604,196 - 1,228,056 - 24,047,341 1) Fair value - 1,739,328 - 17,564,103 - 1,226,673 - 23,949,961 2) Cash flow - 357 - 40,093 - 1,383 - 97,380 3) Foreign investments - - - - - - - - B. Credit derivatives - - - - - - - - 1) Fair value - - - - - - - - 2) Cash flow - - - - - - - - Total - 1,739,685 - 17,604,196 - 1,228,056 - 24,047,341 323
6.2 Hedging derivatives: composition by portfolios hedged and type of hedge Fair Value Cash flow Transactions /Type of hedge Interest rate risk Currency risk Specific Credit risk Pr ice risk Multiple risks Macro -hedge Sp ecific Macr o-hedge Foreign investments 1. Available-for-sale financial assets 934,985 - - - - X - X X 2. Loans 130 ,713 - - X - X - X X 3. Held-to-maturity investments X - - X - X - X X 4. Portfolio X X X X X 723 ,640 X - X 5. Other transactions - - - - - X - X - Total assets 1,065, 698 - - - - 723, 640 - - - 1. Financi al liabilities 36,922 - - X - X 357 X X 2. Portfolio - - - - - - - - X Total liabilities 36, 922 - - - - - 357 - - 1. Expected transactions X X X X X X - X X 2. Portfolio of financial assets and liabilities X X X X X - X - - SECTION 7 Fair value change in macro-hedged financial liabilities – Item 70 No items of this type exist. SECTION 8 Tax liabilities – Item 80 Details of tax liabilities are reported in assets section 14. SECTION 9 Liabilities associated with assets held for disposal – Item 90 See assets section 15 for details. 324
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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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An intangible asset is recognised i
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(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
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
Page 311 and 312: Cash Generating Unit Increase in th
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 and 320: SECTION 2 Due to customers - Item 2
Page 321 and 322: Details of item A.1 “Subordinated
Page 323: SECTION 4 Financial liabilities hel
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
Page 369 and 370: 368
Page 371 and 372: - AMA) - in combined use with the t
Page 373 and 374: 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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