UBI Banca Group

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PART C – Notes to the consolidated income statement SECTION 1 Interest – Items 10 and 20 1.1 Interest income and similar: composition Items/Type Debt instruments Financing Other transactions 2011 2010 1. Financial assets held for trading 40,910 1,482 - 42,392 31,634 2. Financial assets at fair value - - - - - 3. Available-for-sale financial assets 373,970 - - 373,970 328,149 4. Held-to-maturity investments - - - - - 5. Loans to banks 2,993 53,174 160 56,327 29,782 6. Loans to customers 1,270 3,564,333 7,382 3,572,985 3,133,962 7. Hedging derivatives X X - - - 8. Other assets X X 1,872 1,872 1,785 Total 419,143 3,618,989 9,414 4,047,546 3,525,312 Interest on impaired assets relates almost entirely to loans to customers and totalled €181,738 thousand. 1.2 Interest income and similar: hedging differentials The interest balance for margins on hedging differentials to 31 st December 2011, was negative. Details are given in Table 1.5 later in this section. 1.3 Interest and similar income: other information Items/Amounts 2011 2010 Interest income on financial assets held in foreign currency 44,063 32,970 Interest income on finance lease transactions 300,126 253,920 ble 4: 501030O|1 - NOTA 347
1.4 Interest expense and similar: composition Items/Type Borrowings Securities Other transactions 2011 2010 1. Due to central banks (21,520) - - (21,520) (14,115) 2. Du e to banks (62,117) X (219) (62,336) (29,972) 3. Due to customers (412,256) X (4,251) (416,507) (196,582) 4. Securities issued X (1,325,414) - (1,325,414) (1,069,742) 5. Financial liabilities held for trading (12,574) - - (12,574) (9,108) 6. Financial liabilities at fair value - - - - - 7. Other liabilities and provisions X X (728) (728) (789) 8. Hedging derivatives X X (86,778) (86,778) (58,406) Total (508,467) (1,325,414) (91,976) (1,925,857) (1,378,714) e 5: 502000O|1 - NOTA3_ALTRE 1.5 Interest expense and similar: hedging differentials able 6: 502010O|1 - NOTA Items 2011 2010 A. Positive differentials on hedging transactions 1,086,381 918,121 B. Negative differentials on hedging transactions (1,173,159) (976,528) C. Balance (A-B) (86,778) (58,407) 1.6 Interest expense and similar: other information Items/Amounts 2011 2010 Interest expense on liabilities held in foreign currency (30,360) (33,072) Interest expense on finance lease transactions (759) (631) Table 7: 502020O|1 - NOTA 348
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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
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10.1. Current tax assets and liabil
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might affect the amount required to
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14.3.2 Post-employment benefits and
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Interest is recognised on an accrua
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Level 2 Where no prices are availab
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A.3.2.1 Accounting portfolios: dist
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2.2 Financial assets held for tradi
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3.3. Financial assets at fair value
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4.4 Available-for-sale financial as
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6.2 Loans to banks: assets subject
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- 5 % auto sector; - 3 % aeronautic
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SECTION 10 Equity investments - Ite
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 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
Page 329 and 330: demographic tables; the characteri
Page 331 and 332: Changes in liabilities in 2011 for
Page 333 and 334: The economic and financial assumpti
Page 335 and 336: • degree of “innovation” in t
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: 5. Management and intermediation on
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
Page 375 and 376: - it works with the Rating Desk and
Page 377 and 378: Credit processes within the network
Page 379 and 380: Credit risk management policy A pro
Page 381 and 382: Policy for the distribution of mort
Page 383 and 384: - pledge. In the case of mortgage c
Page 385 and 386: Quantitative information A. Credit
Page 387 and 388: A.1.3 Banking Group - On- and off-b
Page 389 and 390: A.1.7 Banking Group - On-balance sh
Page 391 and 392: A.3.1 Banking Group - Guaranteed/se
Page 393 and 394: B. Distribution and concentration o
Page 395 and 396: B.3 Banking group - Geographical di
Page 397 and 398: 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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