Risk ReportRisk ReportBalance sheet, due to maturity on 31. 12. 2008in 1,000 EURContent Total On demandUp to1 month1 - 3months3 - 12months1 - 5yearsOver 5yearsCash and cash balances with central banks 41,902 41,902 - - - - -Financial assets held for trading 144,574 - 32,263 13,535 19,927 73,276 5,573Financial assets designated at fair value throughprofit or loss16,730 - 1,038 486 3,919 11,045 242Available-for-sale financial assets 217,389 - 299 4,185 17,309 58,222 137,374Derivatives - hedge accounting 2,324 - 119 430 274 1,375 126Loans and receivables 2,353,905 92,977 265,577 128,984 586,067 694,355 585,945To banks 289,447 92,977 118,568 38,388 18,276 18,934 2,304To customers 2,064,458 - 147,009 90,596 567,791 675,421 583,641Held-to-maturity financial assets 29,721 - - 7 70 29,644 -Non-current assets held for sale 466 - - - 466 - -Property, plant and equipment 9,532 - - - - - 9,532Intangible assets 10,004 - - - - - 10,004Tax assets 2,030 - - - - 2,030 -Current tax assets - - - - - - -Deferred tax assets 2,030 - - - - 2,030 -Other assets 62,664 - 6,118 45,308 6,599 4,630 9Total assets (1) 2,891,241 134,879 305,414 192,935 634,631 874,577 748,805Deposits from central banks 200,729 - 145,498 10,032 45,199 - -Financial liabilities held for trading 109,222 - 5,064 5,416 17,387 73,785 7,570Derivatives - hedge accounting 6,942 - - - 121 1,434 5,387Financial liabilities measured at amortised cost 2,370,378 243,475 465,844 532,788 621,338 139,960 366,973Time deposits to banks 1,267,167 5,078 245,807 419,031 462,922 60,938 73,391Time deposits to customers 642,287 238,397 190,495 109,491 98,418 3,405 2,081Loans from banks 440,720 - 29,542 4,062 59,998 75,617 271,501Subordinated liabilities 20,204 - - 204 - - 20,000Provisions 1,166 - 11 192 77 326 560Tax liabilities 2,485 - - - 2,256 229 -Current tax liabilities 2,256 - - - 2,256 - -Deferred tax liabilities 229 - - - - 229 -Other liabilities 21,147 - 15,386 1,160 1,827 1,850 924Share capital 16,258 - - - - - 16,258Share premium 61,885 - - - - - 61,885Fair value reserves (3,429) - - - - - (3,429)Retained earnings 95,216 - - - - - 95,216Net profit for the year 9,242 - - - - - 9,242Total liabilities and equity (2) 2,891,241 243,475 631,803 549,588 688,205 217,584 560,586Inconsistency (1)-(2) - (108,596) (326,389) (356,653) (53,574) 656,993 188,219222 2009 Annual Report · <strong>UniCredit</strong> Bank
Operational RiskOperational Risk FrameworkOperational risk is the risk of direct or indirect loss arising from a wide variety of causes associated with the bank’s processes, personnel,technology and infrastructure, and from external factors other than credit, market and liquidity risk. Operational risk also includes legal risk, butit excludes strategic and reputation risk.To monitor, mitigate and control the operational risk, the Bank has established a consistent, value-a<strong>dd</strong>ed framework for assessing andmanaging operational risk and the overall effectiveness of internal control environment. The Bank focuses on proactive identification andmitigation of operational risk and related incidents. The goal is to keep operational risk at appropriate levels, in light of the Bank’s financialstrength, the characteristics of its businesses, the markets in which it operates, and the competitive and regulatory environment to which it issubject. Key themes are transparency of information, escalation of key issues and accountability for issue resolution.The Bank’s approach to operational risk management is intended to mitigate such losses by supplementing traditional control-basedapproaches to operational risk with risk measures, tools and disciplines that are risk-specific, consistently applied and utilized. Spread ofculture that is aware of operational risk is an essential tool to mitigate the risk and reduce the actual losses.Operational Risk Team and Operational Risk ManagersIncorporated within the Risk Management division is the Operational Risk team working in close cooperation with the operational riskmanagers in the business divisions and staff functions. The Operational Risk team insures regular control of operational risk and is responsiblefor the identification, assessment, monitoring and mitigation/control of operational risk. The Team is also involved in the new productimplementation process. Operational risk managers are responsible for taking measures to reduce, prevent, or take out insurance against risks.Once a year, we have an Operational Risk Managers Day, where we use the day to further educate operational risk managers, to update themwith the most relevant topics for the year to come, to use the time to discuses open topics that popped up and to gain as much as possiblefrom the experience exchange among Operational Risk Managers.Operational Risk MeasurementAdvanced Measurement Approach (AMA)Getting the approval from the Bank of Slovenia to use the Advanced Measurement Approach for the calculation of the capital adequacy was themain achievement in 2009 in the field of operational risk. In 2008, the Bank of Slovenia conducted a pre-validation inspection followed by avalidation check in 2009, through which it assessed the Bank’s readiness for the advanced approach.Monitoring processThe Bank’s operational risk framework is supported by the Application for Risk Gauging Online (ARGO), a group internally designedoperational risk software tool. ARGO integrates the individual components of the operational risk management framework into a unified,web-based tool. ARGO enhances the capture, reporting and analysis of operational risk data by enabling risk identification, measurement,monitoring, reporting and analysis to be done in an integrated manner, thereby enabling efficiencies in the Bank’s monitoring andmanagement of its operational risk.A network of independent functions and teams is involved in managing and controlling risks, providing the Management Board with sufficientinformation on the risk situation and enabling the Management Board to manage risk. The main tool is the Operational Risk Managers Reportwhich provides timely and accurate information, including information about actual operational loss levels as well as mitigation measures. Thepurpose of these reports is to enable management to maintain operational risk at appropriate levels within each line of business, to escalateissues.The Operational Risk Committee, as the relevant operational risk committee since November 2008, is regularly updated on operational riskexposure by the company’s operational risk management function, with the support of other functions involved, verifying risk mitigationproposed actions.Internal Loss Data CollectionInternal loss data has been collected since 2002 and has helped to:• Spread the awareness of operational risk throughout the Bank;• Build experience in the operational risk concept and tools;<strong>UniCredit</strong> Bank · 2009 Annual Report 223
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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 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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BanËna tveganjaBanËna tveganjaCel
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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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Business ReportEconomic Environment
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Business ReportMission, Vision and
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Business ReportFinancial ResultsFIN
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Report of AuditorsReport of Auditor
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Financial StatementsFinancial State
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