Risk ReportRisk ReportLiquidity RiskLiquidity risk is the risk that a bank is unable to meet on time its payment obligations associated with its financial liabilities when they falldue or to replace funds when they are withdrawn. The consequence may be the failure to meet obligations to repay depositors and fulfilcommitments to lend.This type of risk is inherent in the banking operations and can be triggered by institution-specific events like a rating downgrade or marketwideevents such as system outage or capital and money market disruptions.<strong>UniCredit</strong> <strong>Banka</strong> <strong>Slovenija</strong> d.d. considers liquidity risk as a central risk in banking business and manages it in a comprehensive and structuredmanner. Procedures, responsibilities and reporting lines in this area have been laid down in the liquidity policy and include a contingency planin the event of a liquidity crisis.The two main components of the Bank’s liquidity risk management are short-term liquidity and structural liquidity management. Both includescenario analysis and stress testing aspects in a<strong>dd</strong>ition to regular position monitoring and management activities.Short-term liquidityUnder the short-term component of liquidity risk management, the Bank understands aspects of intraday liquidity and day-to-day fundingneeds of the Bank. The first focuses on ensuring access to sufficient intraday liquidity to meet any obligations the Bank may have to clearingand settlement systems and includes monitoring of major currency payment flows and payment system collateral in real time.The day-to-day funding is managed by active participation in the interbank market in line with the arising funding needs and developmentsidentified in the monthly funding plan. Daily monitoring of short-term liquidity gaps ensures that on any day and over any future time periodthere is a limited amount of refinancing required.To ensure business continuity during periods of severely adverse developments, the Bank runs short-term liquidity stress tests for a range ofpotential scenarios. Stress testing is performed on a monthly basis and defines a name crisis and rating downgrade scenarios among possible<strong>UniCredit</strong> Bank specific scenarios. Among the market-wide scenarios the settlement or payments system disruption scenario and the fundingmarket disruption scenario are regarded as the most relevant ones. By securing an appropriate level of funding resources the Bank ensures thatits potential refinancing capacities at all times exceed the funding needs projected in individual scenarios.Structural liquidityStructural liquidity management is a complement to the interbank market focused short-term liquidity framework. It covers an extendedtime horizon from overnight maturities up to the final maturities of the Bank’s long term assets and liabilities and takes account of maturity,currency and concentration aspects. The overall structural liquidity position is continuously reviewed against a standard scenario and againstscenarios of market and bank-specific liquidity crisis. Excessive structural mismatches are avoided by currency level monitoring which alsoconfines the Bank’s sensitivity to swap market disruptions.A comprehensive self-assessment of the Bank’s overall funding possibilities is always available in the last version of the liquidity policystatement.Structural liquidity management is not restricted to the overall liquidity situation but also deals with developments of proprietary and customerpositions on product level. The volumes of committed credit lines, volumes of customer sight deposits and savings accounts and volumes ofnewly approved loans are of particular relevance. Reflecting the growing importance of core customer deposits as a stable and reliable fundingsource, the Bank improved its sight deposit and savings account liquidity management by implementing an internal model approach based onbehavioural characteristics of these products.Current management of the Bank's customer business takes account of liquidity costs. The applicable rates are debited or (on the basis of anopportunity approach) credited to the various products on the assets and the liabilities side which have an effect on liquidity. In the currentcontrolling process, this ensures the proper pricing of the Bank’s business.Year-end assessment of liquidityDespite difficult situation on global and local markets, the Bank has maintained a strong liquidity profile throughout 2009. The main source of220 2009 Annual Report · <strong>UniCredit</strong> Bank
funding besides the primary funding sources remains the liquidity centre at <strong>UniCredit</strong> Bank Austria AG, Vienna where the Bank refinances atthe liquidity costs of the <strong>UniCredit</strong> Group.The Bank maintains a portfolio of marketable assets including the Slovenian government bonds that can be sold or funded on a secured basisas protection against any unforeseen interruption to cash flow. Mainly with these assets, the Bank participated in central bank open marketoperations during 2009, both to aid central bank’s implementation of monetary policy and support central bank initiatives, where participationenabled the lengthening of the term of the Bank’s refinancing.Balance sheet, due to maturity on 31. 12. 2009Content Total On demandUp to1 month1 - 3months3 - 12monthsin 1,000 EURCash and cash balances with central banks 78,021 78,021 - - - - -Financial assets held for trading 84,659 - 11,668 5,101 31,806 29,226 6,858Financial assets designated at fair value throughprofit or loss1 - 5yearsOver 5years6,366 - 801 31 1,549 3,926 59Available-for-sale financial assets 352,608 - 58 34,317 4,935 118,908 194,390Derivatives - hedge accounting 5,672 - 16 1,678 1,531 1,918 529Loans and receivables 2,658,049 62,719 328,578 252,398 550,524 793,496 670,334To banks 561,125 62,719 233,384 169,584 88,593 5,359 1,486To customers 2,096,924 - 95,194 82,814 461,931 788,137 668,848Held-to-maturity financial assets 29,773 - - 2 18 29,753 -Non-current assets held for sale 65 - - - - 65 -Property, plant and equipment 9,530 - - - - - 9,530Intangible assets 12,621 - - - - - 12,621Tax assets 2,498 - - - 822 1,676 -Current tax assets 822 - - - 822 - -Deferred tax assets 1,676 - - - - 1,676 -Other assets 27,506 - 15,869 2,528 964 8,137 8Total assets (1) 3,267,368 140,740 356,990 296,055 592,149 987,105 894,329Deposits from central banks 120,633 - - - 120,633 - -Financial liabilities held for trading 81,765 - 3,339 6,961 33,812 28,963 8,690Derivatives - hedge accounting 13,992 - 435 2,923 427 2,016 8,191Financial liabilities measured at amortised cost 2,836,581 286,871 615,339 818,250 263,904 469,336 382,881Time deposits to banks 1,602,586 12,428 350,466 661,514 164,587 333,591 80,000Time deposits to customers 820,753 274,443 264,155 155,991 42,121 83,313 730Loans from banks 383,113 - 589 745 57,196 52,432 272,151Subordinated liabilities 30,129 - 129 - - - 30,000Provisions 2,478 - 189 33 1,081 525 650Tax liabilities 1,253 - - - - 1,253 -Current tax liabilities - - - - - - -Deferred tax liabilities 1,253 - - - - 1,253 -Other liabilities 19,449 - 14,231 281 2,258 2,176 503Share capital 16,258 - - - - - 16,258Share premium 61,885 - - - - - 61,885Fair value reserves -182 - - - - - -182Retained earnings 108,857 - - - - - 108,857Net profit for the year 4,399 - - - - - 4,399Total liabilities and equity (2) 3,267,368 286,871 633,533 828,448 422,115 504,269 592,132Inconsistency (1)-(2) - (146,131) (276,543) (532,393) 170,034 482,836 302,197<strong>UniCredit</strong> Bank · 2009 Annual Report 221
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2009 Letno porocilo / Annual Report
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Kazalo / ContentsPredstavitev Banke
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ciljev. Leto 2010 bo zato leto tran
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• Na trgu dela so se novi pogoji
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Cenjene sodelavke in sodelavci, dov
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Organi upravljanja BankeNadzorni sv
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Poslovna mrežaPE Ljubljana BTCŠma
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po vsej Sloveniji. Ob tej priložno
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100-odstotna zašËita vplaËanih s
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Poslovno poroËiloGospodarsko okolj
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Poslanstvo, vizija in strategijaNa
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Poslovno poroËiloFinanËni rezulta
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finanËnimi instrumenti za stranke,
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FINAN»NE OBVEZNOSTI2009 2008191211
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Poslovno poroËiloPoslovanje Banke
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Poslovno poroËiloPoslovanje Banke
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Poslovno poroËiloObvladovanje posl
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Poslovno poroËiloObvladovanje posl
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Poslovno poroËiloDružbena odgovor
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Poslovno poroËiloDružbena odgovor
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Poslovno poroËiloDružbena odgovor
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Jozsef Varga,Valid Dental-Medical N
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PoroËilo nadzornega svetaPoroËilo
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HeaderTitle 24ptDace MarkeviËaUral
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PoroËilo neodvisnega revizorjaPoro
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RaËunovodski izkaziRaËunovodski i
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RaËunovodski izkaziBilanca stanjaV
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RaËunovodski izkaziIzkaz gibanja k
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RaËunovodski izkaziPovzetek raËun
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RaËunovodski izkaziPovzetek raËun
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BanËna tveganjaBanËna tveganjaCel
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BanËna tveganjaBanËna tveganjaDel
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BanËna tveganjaBanËna tveganjaKre
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BanËna tveganjaBanËna tveganjasku
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BanËna tveganjaBanËna tveganjaKot
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BanËna tveganjaBanËna tveganjaBil
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BanËna tveganjaBanËna tveganjaObs
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BanËna tveganjaBanËna tveganjaLik
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BanËna tveganjaBanËna tveganjaBil
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BanËna tveganjaBanËna tveganjaBaz
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BanËna tveganjaBanËna tveganjaUpr
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We UniCredit people are committed t
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IntroductionPreface by the Chairman
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IntroductionStatement by the Chairm
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IntroductionStatement by the Chairm
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IntroductionAbout UniCredit Banka S
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126 2009 Annual Report · UniCredit
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IntroductionAchievements and Events
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IntroductionAchievements and Events
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IntroductionAchievements and Events
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Business ReportEconomic Environment
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Business ReportMission, Vision and
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Business ReportFinancial ResultsFIN
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Business ReportBank’s Segment Per
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Business ReportBank’s Segment Per
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Business ReportBank’s Segment Per
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Business ReportManaging Business Ri
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Business ReportManaging Business Ri
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Business ReportCorporate Sustainabi
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Business ReportCorporate Sustainabi
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Business ReportCorporate Sustainabi
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Business ReportCorporate Sustainabi
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Report from the Supervisory BoardRe
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HeaderTitle 20ptWolfang M. Heckl,De
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Report of AuditorsReport of Auditor
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Financial StatementsFinancial State
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Financial StatementsBalance SheetIt
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