UBI Banca Group

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C.1.7 Servicer activity – payments received on securitised loans and redemptions of securities issued by the special purpose entity Securitised assets (end Payments received on Percentage of securities redeemed (the end of period figure) of period figure) loans during year Servicer Special purpose entity Senior Mezzanine Junior Deteriorated Performing Deteriorated Performing Deteriorated Performing Deteriorated Performing Deteriorated Performing assets assets assets assets assets assets assets assets assets assets UBI Banca Scpa Albenza 3 Società per la cartolarizzazione Srl 968 22,151 281 14,007 - - - - - - UBI Banca Scpa UBI Finance 2 Srl (1) - - - - - - - - - - UBI Banca Scpa UBI Finance 3 Srl (1) - - - - - - - - - - Centrobanca Spa Sintonia Finance Srl - - 626 3,940 - - - - - - UBI Leasing Spa Lombarda Lease Finance 3 Srl - - - - - - - - - - UBI Leasing Spa Lombarda Lease Finance 4 Srl 17,002 143,037 3,207 84,016 - - - - - - UBI Leasing Spa UBI Lease Finance 5 Srl 155,460 3,752,687 5,748 814,923 - - - - - - B@nca 24/7 Spa 24-7 Finance Srl (1) - - - - - - - - - - (1) These transactions are not reported in detail in these notes to the financial statements in view of the repurchase by the originator of all the liabilities issued by the special purpose entity. 110O|1 - NOTA C.1.8 Special purpose entities belonging to the banking group No special purpose entities belonging to the banking group to report. 403
C.2 Transfers C.2.1 Financial assets transferred not derecognised Fin an cial assets he ld for trading Financial assets at fa ir va lu e Available-for-sale financial assets Held-to-maturity investments Loans to banks Loans to customers A B C A B C A B C A B C A B C A B C A. On-balance sheet assets 1 ,137,977 - - - - - 3 ,490,86 8 - - - - - - - - - - - 1. Debt instruments 1,137,977 3,258,552 - - - - - - - - - - - 2. Equity instruments 232,316 - - X X X X X X X X X 3. O.I.C.R. (collective invest ment inst rum ents ) - - - - - - - - - X X X X X X X X X 4. F inancing - - - - - - - - - - - - - - - - - - 5. Im paire d asse ts - - - - - - - - - - - - - - - - - - B. Derivative instruments - - - X X X X X X X X X X X X X X X 31/12/2011 1 ,137,977 - - - - - 3 ,490,86 8 - - - - - - - - - - - of which deteriorated - - - - - - - - - - - - - - - - - - 31/12/2010 1 ,771,525 - - - - - 6 ,544,62 6 - - - - - - - - - - - of which deteriorated - - - - - - - - - - - - - - - - - - Tabella 8: 190120O|1 - NOTA Key: A = Financial assets transferred and fully recognised (carrying amount) B = Financial assets transferred and partially recognised (carrying amount) C = Financial assets transferred and partially recognised (entire amount) 404
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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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• degree of “innovation” in t
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year, for 2004 the tax authorities
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Banca Carime (2003 and 2004) increa
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15.2 Share capital - Number of shar
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Also, with regard to the conversion
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UBI Leasing SpA + €353 thousand R
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5. Management and intermediation on
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1.4 Interest expense and similar: c
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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 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
Page 399 and 400: • performing loans resulting from
Page 401 and 402: Orio Finance 3 Originator UBI Banca
Page 403: Tabella 7: 190090O|1 - NOTA C.1.6 I
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
Page 437 and 438: Quantitative information 1.1 Distri
Page 439 and 440: 1.3 Distribution over time by resid
Page 441 and 442: 1.5 Distribution over time by resid
Page 443 and 444: 4 BANKING GROUP - OPERATIONAL RISKS
Page 445 and 446: - Local Operational Risk Support Of
Page 447 and 448: 16031). It must also be underlined
Page 449 and 450: Quantitative information The graphs
Page 451 and 452: Operational losses detected in 2011
Page 453 and 454: 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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