Prospectus - Notowania

The Issuer is responsible for maximisation of the long-term value of the Group as a whole,
guaranteeing the unified governance of the Group, strategic guidance and control of Group
companies, the efficient provision of services to the entire Group, also through dedicated
companies and the management of profit centres within its competence.
To this end, the Issuer adopts an organisational approach based on a divisional structure 13 in
respect of monitoring business, product and service areas as described below.
The current organisational structure of the Issuer is broken down into:
• Guidance, support and control functions: with the objective of directing, controlling and
supporting - for the fields within the respective competence – the management of activities
and the associated risks of the Group as a whole and the individual Group companies. The
functions of guidance, support and control are as follows: Planning, Finance &
Administration (CFO), Risk Management (CRO), Legal and Compliance, Internal Audit,
Human Resources, Institutional & Regulatory Strategic Advisory, Organisation, and Group
Identity and Communications 14 .
• Strategic Business Area (“SBA”): “Retail”, “Corporate & Investment Banking and
Private Banking” (“CIB&PB”) and “Global Banking Services” (“GBS”). The SBAs are
the direct responsibility of the respective Deputy CEOs, in this way highlighting the direct
involvement of said Deputy CEOs in the business activities. The SBAs are responsible, in
particular, for the Business Units (“BU”) – with the exception of Asset Management –
which have taken the place of the previous divisions.
• Asset Management: responsible for the development of asset management in all
geographical areas, including the CEE countries and Poland by directing, supporting and
controlling the development of business activities at regional level.
• CEE Divisionalisation Program, combining the coordination of activities relating to the
divisionalisation of CEE countries, including Poland, within one area of responsibility.
This function is responsible for revenues, overall costs and risks of the CEE until
completion of the Divisionalisation Program, leveraging, where appropriate, on the
corresponding functions formed in BA.
Regardless of the names used to identify the different departments from an organisational point
of view (Business Unit, department, unit), the different functions which monitor the business,
product and service areas are classified, in relation to the nature of the responsibilities assigned,
as follows:
• Business Line, responsible for coverage of the customer segments/geographical areas
within its competence: Retail Italy Network Business Unit, Retail G&A Network Business
Unit, CIB Network Italy Business Unit, CIB Network Germany Business Unit, CIB
Network Austria Business Unit, Financial Institution Groups Business Unit (“FIG”),
13 The Group organisational model provides for the divisionalisation of Group banks according to levels of
divisionalisation differentiated by country, based on size, on the stage of development and the rate of growth of each
market.
14 Within the framework of the aforementioned functions the following Competence Lines (“CL”) have been identified :
Planning, Finance & Administration (CFO), Risk Management (CRO), Legal and Compliance, Internal Audit, Human
Resources, Organisation and Identity and Communications.
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