UBI Banca Group

The grant of loans by banks in the Group to strengthen the capital of SMEs, again in
accordance with the Agreement, continued.
From the start of the initiative until 31 st December 2011, the Group had received
approximately 16,800 applications to benefit from the intervention provided under the “Joint
Announcement” – basically attributable to medium to long-term loans – for a total of €4.8
billion, of which over 14,500 had already been processed for a quota of deferred repayment on
capital amounting to €585 million. Almost all the applications meeting the requirements for
eligibility were accepted.
In accordance with the “Agreement on Loans to Small to medium-size Enterprises”, again as at
31 st December 2011, 85 applications to extend repayment schedules on loans had been
processed, for which the remaining debt, in terms of the principal, amounted to approximately
56 million euro.
Again as part of “anti crisis” action taken, the Group continued with the grant of loans to
SMEs through the use of funding from the Cassa Deposito e Prestiti (CDP) resulting from post
office savings.
In detail, with regard to the first convention agreement of May 2009, which involved the
assignment to the banking sector of €3 billion with a duration of the loans of five years only,
Group banks have approved around 1,200 applications for intervention with over €107 million
of loans disbursed.
With regard to the second convention agreement of 17 th February 2010, which made €5 billion
available with greater flexibility in terms of duration (three, five and seven years), the banks in
the Group supported approximately 3,000 applications for intervention with over €225 million
of loans disbursed.
On 17 th December 2010, the Italian Banking Association and the CDP signed the third
convention agreement which sets out the criteria for the distribution and use of funds
amounting to €8 billion. Compared to the previous agreements, the main changes concern
greater opportunities offered with the allocation of:
- a “ten year budget” usable for loans with a maturity of from seven to ten years, with
funding to the banking sector nationally of one billion euro;
- a “stable budget” to finance the growth of SMEs, into which the funds not fully used by the
previous budgets are gradually flowing, and which offers all maturities (three, five, seven
and ten years).
With regard to the third convention, as at 31 st December 2011 the Group had disbursed
approximately 3,000 loans for an amount of €215 million.
Finally, UBI Banca adhered to the “Memorandum of Intent” signed on 22 nd September 2011,
by the Italian Banking Association Regional Commission with Assolombarda (a regional
employers’ association) in relation to regulations on matters relating to reporting accounts
past due. The Group was thereby committed to examining applications submitted by
businesses that are members of Assolombarda to examine their position should they fall
within those defined as “past-due” after 31 st December 2011, following the reduction of the
time limit for reporting to 90 days. The examination is designed to verify the relationship
between credit lines granted and drawing, showing amounts past-due with particular
reference to their size and duration.
A similar agreement was reached at national level when a “Memorandum of Intent” was signed
on 23 rd November 2011 between the Italian Banking Association and various employers’
associations: Alleanza delle Cooperative Italiane (Alliance of Italian Co-operatives, Assoconfidi
(association of loan guarantee consortiums), Confagricoltura (the farmers association),
Confedilizia (confederation of builders), CIA (Italian farmers confederation), Coldiretti (the
direct small farmers’ association), Confapi (the SMEs’ association), Confindustria
(confederation of industry) and Rete Imprese Italia. The Group also promptly adhered to this
initiative on 12 th January 2012.
In consideration of the continuing difficulties in gaining access to credit and in meeting the
relative costs, initiatives to support families hit by the economic crisis in 2011 consisted
above all of carrying forward the institutional initiatives already commenced in previous years.
In detail:
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