UBI Banca Group

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SECTION 4 Net trading income (loss) – Item 80 4.1 Net trading income (loss): composition Transactions/Components of income Gains (A) Income from trading (B) Losses (C) Losses from trading (D) Net result [(A+B) - (C+D)] 1. Financial assets held for trading 25,564 168,696 (126,008) (135,644) (67,392) 1.1 Debt instruments 21,020 56,096 (16,287) (30,497) 30,332 1.2 Equity instruments 4,486 3,586 (16,429) (2,131) (10,488) 1.3 Units in O.I.C.R. (collective investment instruments) 19 26 (158) (152) (265) 1.4 Financing - - - - - 1.5 Other 39 108,988 (93,134) (102,864) (86,971) 2. Financial liabilities held for trading 2,520 7 (4,027) (2) (1,502) 2.1 Debt instruments 1,662 - (4,027) (2) (2,367) 2.2 Payables - - - - - 2.3 Other 858 7 - - 865 3. Other financial assets and liabilities: exchange rate differences X X X X (5,011) 4. Derivative instruments 541,790 2,174,634 (597,976) (2,139,555) 84,616 4.1 Financial derivatives 541,790 2,174,634 (597,976) (2,139,555) 84,616 - on debt instruments and interest rates 525,882 2,143,116 (573,906) (2,115,024) (19,932) - on equity instruments and share indices 199 6,346 (130) (11,802) (5,387) - on currencies and gold X X X X 105,723 - other 15,709 25,172 (23,940) (12,729) 4,212 4.2 Credit derivatives - - - - - Total 569,874 2,343,337 (728,011) (2,275,201) 10,711 The amount shown in line 1.5 “Other” relates principally to the exchange rate differences for certificates of deposit denominated in yen and it is linked to the amount shown in line 4.1 “Financial derivatives on currencies and gold”. Equity instruments included a gain on Medinvest International Sca of €12.2 million. SECTION 5 Net hedging income (loss) – Item 90 5.1 Net hedging income (loss): composition Income components/Amounts 2011 2010 A. Relative income A.1 Fair value hedge derivatives 873,414 459,121 A.2 Hedged financial assets (fair value) 800,569 643,067 A.3 Hedged financial liabilities (fair value) 116,520 318,069 A.4 Cash flow hedge financial derivatives - - A.5 Assets and liabilities in foreign currency 1,152 32 Total income from hedging activity (A) 1,791,655 1,420,289 B. Relative expense B.1 Hedging derivatives at fair value (935,417) (929,827) B.2 Hedged financial assets (fair value) (141,837) (241,699) B.3 Hedged financial liabilities (fair value) (705,430) (180,529) B.4 Cash flow hedge financial derivatives (33) (1,025) B.5 Assets and liabilities in foreign currency - - Total expense from hedging activity (B) (1,782,717) (1,353,080) C. Net hedging income (loss) (A-B) 8,938 67,209 351
SECTION 6 Income (loss) from disposals/repurchases – Item 100 6.1 Income (loss) from disposals/repurchases: composition 2011 2010 Items/Income components Profits Losses Net result Profits Losses Net result Financial assets 1. Loans to banks - - - 1,463 - 1,463 2. Loans to customers 7,848 (5,384) 2,464 - (5,313) (5,313) 3. Available-for-sale financial assets 12,372 (443) 11,929 32,127 (882) 31,245 3.1 Debt instruments 1,407 (380) 1,027 19,670 (581) 19,089 3.2 Equity instruments 8,467 (63) 8,404 10,418 (298) 10,120 3.3 Units in O.I.C.R (collective investment instruments) 2,498 - 2,498 2,039 (3) 2,036 3.4 Financing - - - - - - 4. Held-to-maturity investments - - - - - - Total assets 20,220 (5,827) 14,393 33,590 (6,195) 27,395 Financial liabilities 1. Due to banks - - - - - - 2. Due to customers - - - - - - 3. Securities issued 21,198 (9,062) 12,136 6,574 (16,912) (10,338) Total liabilities 21,198 (9,062) 12,136 6,574 (16,912) (10,338) As concerns equity instruments, the most significant transaction was the disposal of the interest held in London Stock Exchange <strong>Group</strong> PLC which generated a profit of approximately €6.8 million. The profit shown in the table above on financial liabilities is attributable to the sale and redemption of own issue bonds. SECTION 7 Net income (loss) on financial assets and liabilities at fair value – Item 110 7.1 Net value change in financial assets/liabilities at fair value: composition Transactions/Components of income Gains (A) Income from trading (B) Losses (C) Losses from trading (D) Net result [(A+B) - (C+D)] 1. Financial assets 752 2,390 (17,990) (24,001) (38,849) 1.1 Debt instruments - 1.2 Equity instruments - 1.3 Units in O.I.C.R. (collective investment instruments) 752 2,390 (17,990) (24,001) (38,849) 1.4 Financing - 2. Financial liabilities held for trading - - - - - 2.1 Debt instruments - 2.2 Due to banks - 2.3 Due to customers - 3. Other financial assets and liabilities: exchange rate differences X X X X - 4. Credit and financial derivatives - - - - - Total 752 2,390 (17,990) (24,001) (38,849) The following table gives the changes that occurred in the hedge fund portfolio in 2011: description opening balances purchases sales/ redemptions profits/ losses gains/losses exchange rate effects closing balance Pramerica Funds 654,370 (632,329) (22,041) - - Tages Funds 116,208 - - - (11,361) 104,847 Other hedge funds 31,078 - (4,790) 430 (5,877) 486 21,327 Total 147,286 654,370 (637,119) (21,611) (17,238) 486 126,174 352
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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
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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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Page 317 and 318: 15.2 Other information Nothing to r
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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
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Page 333 and 334: The economic and financial assumpti
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Page 337 and 338: year, for 2004 the tax authorities
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Page 341 and 342: 15.2 Share capital - Number of shar
Page 343 and 344: Also, with regard to the conversion
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Page 347 and 348: 5. Management and intermediation on
Page 349 and 350: 1.4 Interest expense and similar: c
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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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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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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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Page 401 and 402: 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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