UBI Banca Group

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B.2 Fair value reserves of available-for-sale financial assets: composition As sets/amounts 31/12/2011 Positive reserve Negative reserve Positive reserve Banking group Negative reserve Positive reserve Negative reserve Positive reserve Insurance companies Negative reserve Positive reserve Negative reserve Other companies Consolidation eliminations and adjustments 1. Debt instruments 950 (1,337,777) 77,795 (152,243) - (77,795) 161 ,432 950 (1,328,588) 2. Equity instruments 49,948 (2,123) 2,231 (2,062) - (3,038) 2 ,091 4 9,141 (2,094) 3. U nits in O.I.C.R. (collective invest ment inst ruments ) 1,467 (6,079) 5,673 (6,122) - (5,839) 6 ,125 1,301 (6,076) 4. F inancing - - - - - - - - - Total as at 31/12/2011 52,365 (1,345,979) 85,699 (160,427) - - (86,672) 169,648 51,392 (1,336,758) Total as at 31/12/2010 68,846 (372,518) 70,950 (82,935) - (138) (76,021) 88,092 63,775 (367,499) B.3 Fair value reserves of available-for-sale financial assets: annual changes De bt instrume nts Equity instruments Units in O.I.C.R (collective invest ment instruments) Financing A. Opening balances (356,221) 54,009 (1,512) - 2. Positive changes 11,842 9,587 6,105 - 2.1 Increases in fair value 824 2,973 3,683 - 2.2 Transfer to income statement of negative reserves 9,468 3,815 1,462 - - following impairment losses - 3,759 1,462 - - from disposal 9,468 56 - - 2.3 Other changes 1,550 2,799 960 - 3. Negative changes (983,259) (16,549) (9,368) - 3.1 Decrease in fair value (960,471) (8,527) (4,952) - 3.2 Impairment losses - 3.3 Transfer to income statement of positive reserves: from disposal (328) (7,228) (3,977) - 3.4 Other changes (22,460) (794) (439) - 4. Closing balances (1,327,638) 47,047 (4,775) - 453
Section 2 – Capital and banking supervisory ratios 2.1 Scope of application of the regulations Supervisory capital and the relative ratios are calculated on the basis of Circular No. 263/06 (New regulations for the prudent supervision of banks) and Circular No. 155/91 (Instructions for compiling supervisory capital reports and capital ratios), both issued by the Bank of Italy, as amended by the 11 th update of 31 st January 2012 and by the 14 th update of 21 st December 2011 respectively. More specifically, Circular No. 263 sets out prudent principles of a general nature for the calculation of supervisory capital and the absorption of capital. In the case of the UBI Group, the adoption of the new regulations took the form of the standardised approach. The consolidation scope used for supervisory capital and capital ratio (the “Banking Group”) purposes differs from the accounting scope of consolidation used to prepare the financial reports in accordance with IFRS. More specifically the consolidation scope for accounting purposes includes non-banking, non-financial and service companies which are excluded from the banking supervisory consolidation scope. Furthermore, the latter employs proportionate consolidation of banking, financial and operating companies which are jointly controlled, while these are consolidated using the equity method in the financial statements. There are no hindrances within the Group, either legal or substantial, which might prevent the rapid transfer of capital resources or funds. 2.2 Banking supervisory capital A. Qualitative information Supervisory capital is determined on the basis of the figures for capital and profit and loss resulting from the application of IFRS and it is calculated as the algebraic sum of a series of positive and negative items, which are considered eligible for inclusion – with or without limitations - in relation to the ‘quality’ of the capital. The amount of those items is considered net of any tax expenses. Positive components of the capital must be fully available to the Bank, so that they can be used without restrictions to cover risks to which the intermediary is exposed. Supervisory capital is composed of tier one capital and the supplementary capital (tier two), net of “prudential filters” 2 and some deductions. 1. Tier one capital Tier one capital includes paid up share capital, share premiums, reserves (considered prime quality items), non innovative instruments (not present in the UBI Group) and innovative capital instruments, profit for the period, net of the part available for distribution as dividends and other forms of distribution and positive prudent filters of tier one capital and instruments subject to transition provisions (grandfathering). Treasury shares held in portfolio, goodwill, other intangible 2 Prudent filters are corrections made to equity items in the balance sheet made to safeguard the quality of the supervisory capital and to reduce potential volatility induced by the application of IFRS. With regard to those prudent filters that are most important to the UBI Group, the regulations state that unrealised gains and losses on available-for-sale financial assets are divided between equity instruments (inclusive of collective investment instruments) and debt instruments. For each of these aggregates, if the reserve in question is negative it reduces the tier one capital and if it is positive the tier two capital is increased by 50% of the reserve. 454
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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
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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 and 452: Operational losses detected in 2011
Page 453: B. Quantitative information Informa
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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