press release the board of banca finnat approves the draft financial ...

PRESS RELEASE
THE BOARD OF BANCA FINNAT APPROVES
THE DRAFT FINANCIAL STATEMENTS FOR 2007
AND RESOLVES TO PROPOSE TO THE SHAREHOLDERS’ MEETING
A 54% INCREASE IN DIVIDEND AND A NEW BUYBACK
OF 10,000,000 OWN SHARES
The Consolidated Net Profit stands at 85.2 million euros
compared to 12.7 million euros in the previous year
The dividend resolved is 0.020 euros per share,
corresponding to 10% of the nominal value of the shares
• Net commission income to 33.4 million euros from 31.4 million in 2006 (+6.4%);
• Earnings margin to 130.54 million euros from 43.39 million in 2006 (+200.8%);
• Consolidated net profit to 85.2 million euros from 12.7 million in 2006 (+570.9%);
• Total assets under administration amounting to approximately 9.1 billion euros at the
end of December 2007, with a yoy increase of almost 10% for asset management;
Rome, 28 March 2008 – The Board of Directors of Banca Finnat Euramerica approved today the
consolidated financial statements and the individual financial statements for 2007, which were
drawn up in accordance with the international accounting standards IAS/IFRS.
The income and financial results for 2007 were positively affected by the overall economic effects
of the London Stock Exchange Group (LSEG) / Borsa Italiana merger.
More specifically, it is worth highlighting that:
the Interest Margin rose by 69.3% (to 5.13 million euros, from 3.03 million in 2006);
the Consolidated net commission income increased by 6.4% (to 33.4 million euros, from
31.4 million in 2006);
the Earnings margin went up to 130.54 million euros from 43.39 million in 2006 (+200.8%);
the Consolidated net profit rose to 85.2 million euros from 12.7 million in 2006 ;
the Consolidated Shareholders’ Equity went up by 51% to 220.4 million euros from 145.85
million in 2006;
The difference of 5.7 million euros between the net consolidated profit for 2007 (85.2 million euros)
and that shown in the quarterly report at 31 December 2007 (90.9 million euros) is almost entirely
due to the recalculation of deferred taxes, which were revised at a later stage in the light of the
amendments introduced by the Italian Budget Law for 2008.

Net of the economic and equity effects connected with the LSEG / Borsa Italiana merger, the
Banca Finnat Euramerica Group obtained:
a 22.4% increase in Earnings Margin (to 53.1 million euros from 43.39 million in 2006);
an increase by almost 38% in Consolidated Net Profit (to 17.5 million euros from 12.7 million in
2006).
an ROE of 12.15% compared to 8.7% obtained in 2006.
Worth noting is also the volume of Assets Under Administration, which totalled 9.1 billion euros.
Buyback and Dividend transaction
The Board of Directors resolved to propose to the next Shareholders’ Meeting the payment of a
gross dividend of 0.020 euros per share, up by 54% on the 2006 distribution. This dividend
includes also 0.005 euros of an extraordinary nature given the excellent result obtained during the
year.
The dividend will be paid on 22 May 2008 (dividend registration date 19 May 2008).
The Board of Directors resolved also to request from the Shareholders’ Meeting a new autorisation
to purchase no more than 10,000,000 own shares, which will last for 18 months from the date in
which the Shareholders’ Meeting will adopt the related resolution.
Notice of call for the Shareholders’ Meeting
The Shareholders’ Meeting, called to approve the financial statements for 2007, has been
scheduled for 29 April 2008 at 10.00am on first call and, if necessary, on 2 May 2008 at 10.00am
on second call. The Meeting will be held at the Registered Office of Banca Finnat Euramerica in
Rome, Piazza del Gesù 49.
The Manager in charge of preparing corporate reports and accounting documents (Paolo
Collettini) hereby declares, pursuant to paragraph 2, article 154 bis of the Consolidation
Finance Act, that the accounting information provided in this press release matches the
information reported in the Company’s documents, books and accounting records.
(PURSUANT TO ART. 66 OF CONSOB RESOLUTION NO. 11971 OF 14 MAY 1999)
Attachments : Consolidated Balance Sheet and Profit and Loss Account for 2007
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CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2007 (in thousands of euros)
Asset items 31/12/2007 31/12/2006
10 Cash and cash equivalents 511 550
20 Financial assets held for trading 102,857 39,472
40 Available-for-sale financial assets 107,176 101,178
60 Due from banks 98,692 51,240
70 Due from customers 99,658 87,119
100 Equity Investments 550 551
120 Tangible assets 7,080 7,414
130 Intangible assets 1,524 1,785
of which:
- goodwill 300 300
140 Tax assets 6,349 9,597
a) current 752 2,607
b) prepaid 5,597 6,990
160 Other assets 47,717 73,333
Total assets 472,114 372,239
Liability and Net equity items 31/12/2007 31/12/2006
10 Due to banks 5,704 14,315
20 Due to customers 183,707 141,216
40 Trading financial liabilities 4,268 671
80 Tax liabilities 25,776 14,786
a) current 9,692 6,053
b) deferred 16,084 8,733
100 Other liabilities 26,240 49,698
110 Staff severance fund 3,045 2,602
120 Provisions for risks and charges: 210 444
b) other provisions 210 444
140 Valuation reserve 11,223 10,485
170 Reserves 58,947 51,041
190 Share capital 72,576 72,576
200 Own shares (-) (7,556) (940)
210 Minority interest 2,798 2,658
220 Net Profit (Loss) for the year (+/-) 85,176 12,687
Total liabilities and net equity 472,114 372,239
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PROFIT AND LOSS ACCOUNT OF THE BANCA FINNAT GROUP AT 31 DECEMBER 2007 (in thousands of euros)
Items FY 2007 FY 2006
10 Interest income and similar income 10,123 7,576
20 Interest expense and similar expense (4,995) (4,544)
30 Interest margin 5,128 3,032
40 Commission income 44,243 46,301
50 Commission expense (*) (10,808) (14,914)
60 Net Commission 33,435 31,387
70 Dividends and similar income 4,798 4,111
80 Net Income from trading activities 10,076 1,339
100 Net Profit (Loss) from the transfer or the repurchase of:
b) available-for-sale financial assets 77,102 3,524
120 Earnings margin 130,539 43,393
130 Net value adjustments/write-backs for the impairment of:
b) available-for-sale financial assets - 25
d) other financial transactions (192) (73)
140 Net income from financial operations 130,347 43,345
180 Administrative expenses:
a) staff costs (20,331) (15,681)
b) other administrative expenses (*) (8,981) (8,757)
190 Net allocations to provisions for risks and charges 234 (444)
200 Net value adjustments/write-backs on tangible assets (627) (554)
210 Net value adjustments/write-backs on intangible assets (220) (518)
220 Other operating income/charges 722 341
230 Operating costs (29,203) (25,613)
240 Net Profit (Loss) of equity investments 153 30
280 Pre-tax income (Loss) from current operations 101,297 17,762
290 Income tax on current operations (15,751) (4,867)
300 Income (Loss) from current operations after tax 85,546 12,895
320 Net Profit (Loss) for the year 85,546 12,895
330 Net Profit (Loss) for the year pertaining to minority interests (370) (208)
340 Net Profit (Loss) for the year pertaining to the Group 85,176 12,687
(*) The value of item 180 b) "other administrative expenses" referringo to 2006 was amended in order to make it consistent
with that for the year 2007 by reclassifying the amount of 1,989 thousand euros into the item 50 "Commission expense".
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For further information:
Banca Finnat Euramerica S.p.A. (www.finnat.it)
Investor Relations : IR Manager Gian Franco Traverso Guicciardi - Tel. +39 06 699331, E-mail: g.traverso@finnat.it
SEC – Press Office - Marco Fraquelli – Tel. +39 02 62499979, E-mail: fraquelli@secrp.it
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