UBI Banca Group

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A.1.2 Distribution of credit exposures by portfolio and by credit quality (gross and net amounts) Por tfolios/quality G ross expo sure Deteriora ted assets Specific impairment losses Net exposure Gross exposure Ot her asset s Portfolio impairment losses Ne t exposur e Total (net exposure ) A. Banking group 1. Financial assets held for tradi ng 14,302 (2, 325) 11,977 2, 759,784 - 2,759,784 2,771,761 2. Availa ble-f or-sale financial assets - - - 7, 551,732 - 7,551,732 7,551,732 3. Held-to-maturity investments - - - - - - - 4. Loans to banks 179 (112) 67 6, 173,102 (149) 6,172,953 6,173,020 5. Loans to customers 8, 881,880 (2,602, 964) 6,278,916 93, 929,376 (541, 641) 93,387,735 99,666,651 6. Financial assets at fair value - - - - X - - 7. Financial assets held for disposal - - - - - - - 8. Hedging deriva tives 86 - 86 1, 090,412 X 1,090,412 1,090,498 Total A 8,896,447 (2,605,401) 6,291,046 111,504,406 (541,790) 110,962,616 117,253,662 B. Othe r consolida ted undertakings 1. Financial assets held for trading - - - 2 X 2 2 2. Availa ble-for-sale financial assets - - - - - - - 3. Held-to-maturity investments - - - - - - - 4. Loans to banks - - - 10,980 - 10,980 10,980 5. Loans to customers 1,081 (113) 968 22,174 (23) 22,151 23,119 6. Financial assets at fair value - - - X X - - 7. Financial assets held for disposal - - - - - - - 8. Hedging deriva tives - - - X X - - Tot al B 1,081 (113) 968 33,156 (23) 33,133 34,101 31/12/2011 8,897,528 (2,605,514) 6,292,014 111,537,562 (541,813) 110,995,749 117,287,763 31/12/2010 7,760,139 (2,481,172) 5,278,967 112,957,999 (519,860) 112,438,139 117,717,106 A.1.2.1 Distribution of renegotiated and non renegotiated performing credit exposures by portfolio (total for the "Banking Group" and "Other consolidated undertakings ") Portfolios/time past due Exposures subject to renegotiation as part of collective agreements Past due under Past due over Past due over Past due Not past due 3 months 3 months 6 months over 1 year Past due under 3 months Past due over 3 months Other exposures Past due over 6 months Past due over 1 year Not past due Total (net exposure) 1. Financial assets held for trading - - - - - - - - - 3,745,266 3,745,266 2. Available-for-sale financial assets - - - - - - - - - 6,347,375 6,347,375 3. Held-to-maturity investments - - - - - - - - - - - 4. Loans to banks - - - - - - - - - 40,609,959 40,609,959 5. Loans to customers - 15,256 4,416 - 4,168,498 - 126,439 45,269 1,203 54,993,500 59,354,581 6. Financial assets at fair value - - - - - - - - - - - 7. Financial assets held for disposal - - - - - - - - - - - 8. Hedging derivatives - - - - - - - - - 938,568 938,568 Total (T) - 15,256 4,416 - 4,168,498 - 126,439 45,269 1,203 106,634,668 110,995,749 385
A.1.3 Banking Group - On- and off-balance sheet credit exposures to banks: gross and net amounts Type of exposure/amounts Gross exposure Specific impairment losses Portfolio impairment losses Net exposure A. On-balance sheet exposure a) Non-perfor ming loans 179 (112) X 67 b) Impaired loans - - X - c) Restructured exposures - - X - d) Past due exposures - - X - e) Other assets 7,094, 545 X (149) 7, 094,396 Tot al A 7, 094, 724 (112) ( 149) 7, 094, 463 B. Off-balance sheet ex posures a) Deteriora ted 49 - X 49 b) Other 2,644, 566 X (652) 2, 643,914 Total B 2,644,615 - (652) 2,643,963 Tot al A+B 9, 739, 339 (112) ( 801) 9, 738, 426 A.1.4 Banking Group - On-balance sheet credit exposures to banks: changes in gross deteriorated exposures Description/categories Non-performing loans Impaired loans Restructured exposures Past due exposures A. Initial gross exposure 177 - - - - of which: exposures transferred not derecognised - - - - B. Inc reases 2 - - - B. 1 transf ers fr om p erf or ming exposures - - - - B. 2 transf ers fr om other categories of deteriorated exp osures - - - - B.3 other increases 2 - - - C. Decreases - - - - C.1 transfers to performing exposures - - - - C. 2 impair ment losses - - - - C.3 payments received - - - - C.4 from disposals - - - - C. 5 transf ers to other categor ies of i mpa ired exp osures - - - - C.6 other decreases - - - - D. Final gross exposure 179 - - - - of which: exposures transferred not derecognised - - - - 386
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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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These valuation methods were perfor
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Details of the item “Goodwill”
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13.2 Annual changes in intangible a
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comparable transactions for corpora
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Second level impairment test Becaus
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Cash Generating Unit Increase in th
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No deferred tax assets were recogni
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14.7 Other information The tables a
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15.2 Other information Nothing to r
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SECTION 2 Due to customers - Item 2
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Details of item A.1 “Subordinated
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SECTION 4 Financial liabilities hel
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6.2 Hedging derivatives: compositio
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11.2 Other information The demograp
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demographic tables; the characteri
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Changes in liabilities in 2011 for
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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
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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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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: Quantitative information A. Credit
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
Page 403 and 404: Tabella 7: 190090O|1 - NOTA C.1.6 I
Page 405 and 406: C.2 Transfers C.2.1 Financial asset
Page 407 and 408: C.3 Banking Group - Covered bond op
Page 409 and 410: transferred. Each of these swaps ha
Page 411 and 412: 3. management of the operations. Th
Page 413 and 414: Subsequently, in November 2011, aft
Page 415 and 416: D. Banking group - Models for the m
Page 417 and 418: one day VaR limit for the UBI Group
Page 419 and 420: Backtesting analysis Backtesting an
Page 421 and 422: The analysis shows a very heightene
Page 423 and 424: different hypotheses for the elasti
Page 425 and 426: 2.3 Currency risk Qualitative infor
Page 427 and 428: 2.4 Derivative financial instrument
Page 429 and 430: A.3 Financial derivatives: gross po
Page 431 and 432: A.7 OTC financial derivatives: bank
Page 433 and 434: B. Credit derivatives B.1 Credit de
Page 435 and 436: 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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