UBI Banca Group

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PART F – Information on consolidated equity Section 1 – Consolidated equity A. Qualitative information Equity is defined by international financial reporting standards in a residual manner as “what remains of an entity’s assets after all the liabilities have been deducted”. From a financial viewpoint equity is the means measured in monetary form contributed by the owners or generated by the entity. Operational levers are developed on a broader base, consistent with the supervisory aggregate, which are characterised not just by equity in the strict sense but also by intermediate instruments such as innovative instruments, hybrid instruments and subordinated liabilities. As the Parent of the Group, UBI Banca performs supervision and co-ordination activities for the companies in the Group and, without prejudice to the independence of each of them in terms of business and company by-law, lays down appropriate policies for them. The Parent assesses capitalisation requirements in both the strict sense and also by issuing subordinated liabilities or hybrid capitalisation instruments of subsidiaries. The senior management of the Parent submits proposals to its governing bodies which decide accordingly. The proposals, once approved by the governing bodies of the Parent, are then submitted to the competent bodies of the subsidiaries. In compliance with regulatory constraints and internal objectives, the Parent analyses and coordinates capital requirements on the basis of the business plan, the budget and the related risk profiles and it acts as a privileged counterparty in gaining access to capital markets applying an integrated approach to optimising capital strength. The following analysis metrics are used from the viewpoint of capital management to cover risks: supervisory capital, defined as a regulatory measurement of capital – specified in supervisory regulations – to be held to cover capital requirements (Pillar 1 risks); total capital, or available financial resources (AFR), defined as the sum of capital elements that the Group considers can be used to cover internal capital and total internal capital requirements 1 (Pillar 2 risks). Capital management activity is designed to govern the current and future capital solidity of the Group by verifying compliance with the supervisory requirements of Pillar 1 and by continuously monitoring the adequacy of the total capital to meet Pillar 2 risks. This activity regards above all an analysis of capital requirements in relation to budget and business plan objectives and it is carried out at both consolidated and single legal entity level. 1 “Internal capital” is defined as risk capital, the capital requirement for a determined risk that the bank considers necessary to cover losses above a given expected level. “Total internal capital” is defined as internal capital required for all significant risks assumed by the bank, including possible internal capital requirements due to considerations of a strategic character. 451
B. Quantitative information Information is given in Part B of these notes to the financial statements in Liabilities Section 15 – Equity attributable to the Parent and – with particular reference to the increase in the share capital and other operations affecting the share capital – in the Management Report, which may be consulted. B.1 Consolidated equity by type of company Consolidation Equity items Banking group Insurance companies Other companies eliminations and 31/12/2011 adjustments 1. Share capital 8,787,069 - - (6,028,947) 2,758,122 2. Share premiums 8,365,275 - - (859,189) 7,506,086 3. Reserves 5,222,609 - 5,050 (2,492,771) 2,734,888 4. Equity instruments - - - - 5. (Treasury shares) (6,971) - - 2,596 (4,375) a) parent (6,971) - - 2,596 (4,375) b) subsidiaries - - - - - 6. Fair value reserves: (1,099,756) (74,728) 313 (120,512) (1,294,683) - Available-for-sale financial assets (1,293,614) - - 8,248 (1,285,366) - Property, equipment and investment property 35,745 - - (6,583) 29,162 - Intangible assets - - - - - - Foreign investment hedges - - - - - - Cash flow hedges (3,473) - - 128 (3,345) - Foreign currency differences (243) - - - (243) - Non-current assets held for disposal - - - - - - Actuarial gains (losses) on defined benefit plans (38,233) - - 775 (37,458) - Share of fair value reserves of equity accounted investees - (74,728) 313 - (74,415) - Special revaluation laws 200,062 - - (123,080) 76,982 7. Profit (loss) for the year attributable to the Parent and to non-controlling interests (2,276,161) 11,323 3,060 399,687 (1,862,091) Total 18,992,065 (63,405) 8,423 (9,099,136) 9,837,947 For greater clarity and comprehension of the amounts relating to consolidated equity by type of company, we have included the following reconciliation between total equity and non-controlling interests and the equity attributable to the Parent. Reconciliation schedule Group Non controlling interests Total Share capital 2,254,367 503,755 2,758,122 Share premiums 7,429,913 76,173 7,506,086 Reserves 2,416,471 318,417 2,734,888 Equity instruments 0 0 0 (Treasury shares) ( 4,375) 0 ( 4,375) Fair value reserves ( 1,315,865) 21,182 ( 1,294,683) Loss for the year (+/-) attributable to the Parent and to non-controlling interests ( 1,841,488) ( 20,603) ( 1,862,091) Equity 8,939,023 898,924 9,837,947 452
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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
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SECTION 6 Income (loss) from dispos
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8.2 Net impairment losses on availa
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SECTION 9 Net premiums - Item 150 9
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SECTION 12 Net provisions for risks
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SECTION 16 Profits (losses) of equi
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SECTION 19 Profits (losses) on disp
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SECTION 21 Post-tax profit after ta
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(v) (vi) (vii) (viii) (ix) (x) on 5
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368
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- AMA) - in combined use with the t
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1.2 Policies for the management of
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- it works with the Rating Desk and
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Credit processes within the network
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Credit risk management policy A pro
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Policy for the distribution of mort
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- pledge. In the case of mortgage c
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Quantitative information A. Credit
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A.1.3 Banking Group - On- and off-b
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A.1.7 Banking Group - On-balance sh
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A.3.1 Banking Group - Guaranteed/se
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B. Distribution and concentration o
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B.3 Banking group - Geographical di
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of a loan portfolio was signed, whi
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• 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 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: Operational losses detected in 2011
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
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UBI Banca Group

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