UBI Banca Group

SECTION 2 Commissions – Items 40 and 50
2.1 Commission income: composition
Type of services/Sectors 2011 2010
a) guarantees granted 49,793 42,648
b) credit derivatives - -
c) management, trading and advisory services: 622,140 683,743
1. trading in financial instruments 38,410 39,462
2. foreign exchange trading 11,868 12,259
3. portfolio management 277,518 273,077
3.1. individual 72,042 72,968
3.2. collective 205,476 200,109
4. custody and administration of securities 13,702 15,788
5. depository banking - 7,751
6. placement of securities 74,538 105,533
7. receipt and transmission of orders 40,852 43,565
8. advisory activities 4,855 6,062
8.1 on investments 4,855 5,958
8.2 on financial structure - 104
9. distribution of third party services 160,397 180,246
9.1. portfolio management 42 68
9.1.1. individu al 42 68
9.1.2. collective - -
9.2. insurance products 119,723 127,927
9.3. other products 40,632 52,251
d) collection and payment services 150,128 146,820
e) servicer activities for securitisation transactions - -
f) services for factoring transactions 26,486 26,995
g) tax collection and payment services - -
h) management of multilateral trading systems - -
i) current account administration 216,501 213,902
j) other services 286,779 264,009
Total 1,351,827 1,378,117
The sub item j) “Other services” to 31/12/2011 includes “Other commission income”
consisting of:
- customer finance €203,962 thousand
- foreign transactions €10,704 thousand
- issue of bankers' drafts €5 thousand
During the year Centrobanca performed transactions which led to the recognition within
commission income of “day one profit” amounting to €141 thousand (these commissions
totalled €678 thousand in 2010). These are transactions for which a difference between the
transaction price and the value of the instrument obtained using internal valuation techniques
arises on initial recognition.
Commissions on the sale of third party bonds fell compared to before by approximately €29.3
million.
349