UBI Banca Group

More documents

Recommendations

Info

A.2.2 Other derivatives Underlying assets/type of d erivative 31/12/2011 31/12/2010 Over the counter Central counterparties Over the counter Central counterparties 1. Debt instruments and interest rates 126,494 - 36,652 - a) Options 19,094 - 36,652 - b) Swaps - - - - c) Forwards - - - - d) Futures - - - - e) Other 107,400 - - - 2. Equity instruments and share indices 2,167,983 - 8,900,492 - a) Options 2,167,983 - 8,900,492 - b) Swaps - - - - c) Forwards - - - - d) Futures - - - - e) Other - - - - 3. Currencies and gold - - - - a) Options - - - - b) Swaps - - - - c) Forwards - - - - d) Futures - - - - e) Other - - - - 4. Commodities - - - - 5. Other underlying - - - - Total 2,294,477 - 8,937,144 - Average amounts 5,615,810 - 8,480,285 - 427
A.3 Financial derivatives: gross positive fair value – by type of product Positive fair value Portfolio/type of derivative 31/12/2011 31/12/2010 Over the counter Central counterparties Over the counter Central counterparties A. Supervisory trading portfolio 595,567 220 495,701 888 a) Options 61,106 35 78,646 20 b) Interest rate swaps 489,384 - 392,669 - c) Cross currency swaps 23 - 377 - d) Equity swaps - - - - e) Forwards 44,024 - 21,442 1 f) Futures - 185 - 867 g) Other 1,030 - 2,567 - B. Banking portfolio - for hedging 1,090,498 - 591,127 - a) Options - - - - b) Interest rate swaps 1,010,954 - 560,918 - c) Cross currency swaps - - d) Equity swaps - - e) Forwards - - - - f) Futures - - - - g) Other 79,544 - 30,209 - C. Banking portfolio - o ther derivatives 1,199 - 17,552 - a) Options 1,199 - 17,552 - b) Interest rate swaps - - - - c) Cross currency swaps - - - - d) Equity swaps - - - - e) Forwards - - - - f) Futures - - - - g) Other - - - - Total 1,687,264 220 1,104,380 888 A.4 Financial derivatives: gross negative fair value – by type of product Negative fair value Portfolio/type of derivative 31/12/2011 31/12/2010 Over the counter Central counterparties Over the counter Central counterparties A. Supervisory trading portfolio 624,066 187 528,939 1,191 a) Options 49,123 - 57,498 - b) Interest rate swaps 522,968 - 447,098 - c) Cross currency swaps 47 - - - d) Equity swaps - - - - e) Forwards 50,889 - 21,698 - f) Futures - 187 - 1,191 g) Other 1,039 2,645 B. Banking portfolio - for hedging 1,739,685 - 1,228,056 - a) Options - - - - b) Interest rate swaps 1,739,328 - 1,226,673 - c) Cross currency swaps - - - - d) Equity swaps - - - - e) Forwards - - - - f) Futures - - - - g) Other 357 - 1,383 - C. Banking portfolio - o ther derivatives 1,413 106 15,030 - a) Options 1,413 - 15,030 - b) Interest rate swaps - - - - c) Cross currency swaps - - - - d) Equity swaps - - - - e) Forwards - - - - f) Futures - - - - g) Other - 106 - - Total 2,365,164 293 1,772,025 1,191 428
Page 2 and 3:
Joint stock co-operative company Re
Page 4 and 5:
▪ Principal risks and uncertainti
Page 6 and 7:
REPORT ON CORPORATE GOVERNANCE AND
Page 8 and 9:
A low risk profile The Group has no
Page 10 and 11:
UBI Banca: company officers Honorar
Page 12:
UBI Banca Group: the main investmen
Page 15 and 16:
The rating As the sovereign debt cr
Page 17 and 18:
Notice of call 1 An Ordinary Genera
Page 21 and 22:
The macroeconomic scenario In a gen
Page 23 and 24:
Monetary policy action taken by the
Page 25 and 26:
imports (+24.9%) than in exports (+
Page 27 and 28:
permanently balance public accounts
Page 29 and 30:
In the light of the very serious cr
Page 31 and 32:
total of the variable component of
Page 33 and 34:
The “hour glass” shaped distrib
Page 35 and 36:
dynamic use of credit recovery serv
Page 37 and 38:
The contribution of the outstanding
Page 39 and 40:
4 th -7 th July 2011 (offer period
Page 41 and 42:
Action undertaken on the branch net
Page 43 and 44:
Disposal of UBI Pramerica SGR opera
Page 45 and 46:
Finally, the UBI Banca Group increa
Page 47 and 48:
• the “Italian Banking Associat
Page 49 and 50:
- the global financial crisis, whic
Page 51 and 52:
As a result of new loan disbursemen
Page 53 and 54:
Again with regard to financial educ
Page 55 and 56:
As concerns the Foreign-Commercial
Page 57 and 58:
This dialogue with customers is not
Page 59 and 60:
The distribution network and positi
Page 61 and 62:
The Italian distribution network of
Page 63 and 64:
Remote channels Market coverage by
Page 65 and 66:
• private individual customers ca
Page 67 and 68:
Human resources The composition of
Page 69 and 70:
The percentage of part-time employe
Page 71 and 72:
Personnel management policies and i
Page 73 and 74:
• the implementation of the “Va
Page 75 and 76:
editions were published in 2011). A
Page 77 and 78:
15. Barberini Sa (100% controlled)
Page 79 and 80:
Companies consolidated using the eq
Page 81 and 82:
- 22 nd February 2011: UBI Banca de
Page 83 and 84:
total price of €77 million. Conse
Page 85 and 86:
Reclassified consolidated financial
Page 87 and 88:
Reclassified consolidated income st
Page 89 and 90:
Reclassified consolidated income st
Page 91 and 92:
Notes to the reclassified consolida
Page 93 and 94:
marked improvement compared to €8
Page 95 and 96:
elation to higher volumes of busine
Page 97 and 98:
equity investments (including PerMi
Page 99 and 100:
(+0.9%). The changes summarise the
Page 101 and 102:
Brescia and €116.3 million of imp
Page 103 and 104:
- the partial non deductibility of
Page 105 and 106:
The comments that follow are based
Page 107 and 108:
Total funding Total group funding,
Page 109 and 110:
On the other hand, while significan
Page 111 and 112:
In detail, institutional funding wa
Page 113 and 114:
The public tender offer to purchase
Page 115 and 116:
As concerns mutual investment funds
Page 117 and 118:
General banking business with custo
Page 119 and 120:
The ratio of lending to funding in
Page 121 and 122:
The change recorded was caused by a
Page 123 and 124:
unsecured non-performing loans (€
Page 125 and 126:
Loans to customers: changes in dete
Page 127 and 128:
The interbank market and the liquid
Page 129 and 130:
Loans to banks: composition Changes
Page 131 and 132:
The collateral pool also benefited
Page 133 and 134:
Financial assets The year 2011 was
Page 135 and 136:
- the Centrobanca corporate bond po
Page 137 and 138:
Financial instruments held for trad
Page 139 and 140:
Financial liabilities held for trad
Page 141 and 142:
As concerns, on the other hand, por
Page 143 and 144:
Exposures to some types of products
Page 145 and 146:
SPE underlying assets Figures in mi
Page 147 and 148:
The table below summarises on- and
Page 149 and 150:
OTC interest rate derivatives: deta
Page 151 and 152:
OTC derivatives: first five counter
Page 153 and 154:
Fair value reserves of available-fo
Page 155 and 156:
illion) and on the other hand for t
Page 157 and 158:
The system of internal control The
Page 159 and 160:
from the scope of the regulations f
Page 161 and 162:
Consolidated companies: the princip
Page 163 and 164:
Direct funding from customers Figur
Page 165 and 166:
The performance of the main consoli
Page 167 and 168:
exposures secured by real estate pr
Page 169 and 170:
million) and other services (+€5.
Page 171 and 172:
BANCA POPOLARE COMMERCIO E INDUSTRI
Page 173 and 174:
accounts and deposits and term depo
Page 175 and 176:
- net interest income reached €16
Page 177 and 178:
BANCA POPOLARE DI ANCONA SPA Figure
Page 179 and 180:
under management, which fell overal
Page 181 and 182:
million) and the repurchase of own
Page 183 and 184:
CENTROBANCA SPA Figures in thousand
Page 185 and 186:
principally to new classifications
Page 187 and 188:
- the net result for financial acti
Page 189 and 190:
IW BANK SPA Figures in thousands of
Page 191 and 192:
overdrafts, while the remaining €
Page 193 and 194:
y the “Company restructuring prog
Page 195 and 196:
UBI PRAMERICA SGR SPA Figures in th
Page 197 and 198:
UBI FACTOR SPA Figures in thousands
Page 199 and 200:
impaired loans - attributable mainl
Page 201 and 202:
managers of Banca Popolare Commerci
Page 203 and 204:
Development Decree - Decree Law No.
Page 205 and 206:
‐ the tax treatment of provisions
Page 207 and 208:
a different criterion is used to ca
Page 209 and 210:
Further details of tax inspections
Page 211 and 212:
In 2011, UBI Banca obtained visibil
Page 213 and 214:
meetings with representatives of bo
Page 215 and 216:
Legislation on the protection of pe
Page 217 and 218:
• risks defined as measurable, fo
Page 219 and 220:
uncertainty surrounding the outcome
Page 221 and 222:
Compliance of corporate health and
Page 223 and 224:
STATEMENT OF THE CHIEF EXECUTIVE OF
Page 225 and 226:
Certification of the consolidated f
Page 227 and 228:
Independent auditors’ report 226
Page 229 and 230:
228
Page 231 and 232:
Consolidated Balance Sheet
Page 233 and 234:
Consolidated Income Statement figur
Page 235 and 236:
Statement of changes in consolidate
Page 237 and 238:
Consolidated Statement of Cash Flow
Page 239 and 240:
PART A - Accounting policies A.1 -
Page 241 and 242:
Accounting policies The accounting
Page 243 and 244:
The income statement of the investo
Page 245 and 246:
39. UBI Finance Srl Milan euro 10,0
Page 247 and 248:
▪ ▪ ▪ 14 th March 2012: the U
Page 249 and 250:
consequent absence of taxable incom
Page 251 and 252:
List of the main IFRS standards end
Page 253 and 254:
Reg. 1126/2008, SIC 7 Introduction
Page 255 and 256:
1.2. Definition of financial assets
Page 257 and 258:
performance by stock markets rather
Page 259 and 260:
3.4 Derecognition criteria Held-to-
Page 261 and 262:
original loan contract, or in the p
Page 263 and 264:
The methods used for measurement of
Page 265 and 266:
6.3 Measurement criteria Investment
Page 267 and 268:
individual renewals, or if the asse
Page 269 and 270:
An intangible asset is recognised i
Page 271 and 272:
(a) within asset item 120 of the ba
Page 273 and 274:
10.1. Current tax assets and liabil
Page 275 and 276:
might affect the amount required to
Page 277 and 278:
14.3.2 Post-employment benefits and
Page 279 and 280:
Interest is recognised on an accrua
Page 281 and 282:
Level 2 Where no prices are availab
Page 283 and 284:
A.3.2.1 Accounting portfolios: dist
Page 285 and 286:
2.2 Financial assets held for tradi
Page 287 and 288:
3.3. Financial assets at fair value
Page 289 and 290:
4.4 Available-for-sale financial as
Page 291 and 292:
6.2 Loans to banks: assets subject
Page 293 and 294:
- 5 % auto sector; - 3 % aeronautic
Page 295 and 296:
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 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
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
Page 399 and 400: • performing loans resulting from
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: 2.4 Derivative financial instrument
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
Page 455 and 456: Section 2 - Capital and banking sup
Page 457 and 458: deductions and negative filters, to
Page 459 and 460: PART G - Business combination trans
Page 461 and 462: the consolidated income tax act) co
Page 463 and 464: Transactions with related parties -
Page 465 and 466: Principal income statement items wi
Page 467 and 468: it is calculated on the basis of th
Page 469 and 470: Distribution by business segment: b
Page 471: Assistance activities (risk assessm
show all

UBI Banca Group

Create successful ePaper yourself

Delete template?

Save as template?