Prospectus - Notowania

capital requirements for market risk decreased by -41.2%, from €1,618 million to
€951 million. The new supervisory regulations introduced capital requirements for
operational risk: nonetheless, the total capital requirements decreased by 10.4%
compared to December 31, 2008, from €41,003 million to €36,743 million. As a
result, the Regulatory Capital amounted to €55,463 million (compared to €53,953 as
at December 31, 2008), and the Total Capital Ratio equalled 12.08%, an increase of
144 basis points compared to the ratio in December 2008 (10.64%).
As at September 30, 2009 the Tier 1 Ratio increased compared to December 2008
(8.39% compared to 6.80%). The Total Capital Ratio also increased by 144 basis
points, of which 85 basis points deriving from the capital increase.
During 2007 the Tier 1 Ratio decreased due to the merger with Capitalia which had a
Tier 1 Ratio lower than that of the UniCredit Group, as well as to the effects of the
acquisition of ATF and the exercise of the right to withdrawal by several shareholders
of Capitalia.
As indicated in the Introduction to this Chapter 9, the Group’s performance in the last
few years, and specifically up to 2008, was characterised by growth in size, with
effects emerging both in terms of asset volumes and the income statements of the
various years. Summarising the information previously covered, the income statement
for the year ended as at December 31, 2007 includes the results of the former Capitalia
Group for Q4, following the merger of Capitalia into UniCredit, which occurred on
October 1, 2007.
Balance Sheet Data as at September 30, 2009, December 31, 2008, 2007 and 2006
Balance sheet items 09.30.2009 12.31.2008 12.31.2007 12.31.2006
10. Cash and cash equivalents 6,442 7,653 11,073 5,681
20. Held for trading financial assets 145,519 204,890 202,343 191,594
30. Financial assets designated at fair value 14,523 15,636 15,352 15,933
40. Available-for-sale financial assets 35,037 28,700 30,959 29,358
50. Financial assets held to maturity 14,057 16,883 11,732 10,752
60. Loans to banks 97,288 80,827 100,012 83,715
70. Loans to customers 565,457 612,480 575,063 441,320
80. Hedging derivatives
Value adjustments to financial assets
12,223 7,051 2,513 3,010
90. subject to macro-hedging (+/-) 2,219 1,660 (71) 228
100. Equity investments 3,781 4,003 4,186 3,086
110. Technical reserves borne by reinsurers - - - -
120. Property, plant and equipment 11,805 11,935 11,871 8,615
130. Intangible assets
of which:
25,640 26,482 26,271 13,336
- goodwill 20,381 20,889 20,342 9,908
140. Tax assets 12,323 12,392 11,548 7,746
a) current 2,108 1,928 3,730 988
b) prepaid
Non-current assets and disposal groups
10,215 10,464 7,818 6,758
150. classified as held for sale 590 1,030 6,374 573
160. Other assets 10,805 13,990 12,609 8,337
Total assets 957,709 1,045,612 1,021,835 823,284
Liabilities and shareholders equity
items 09.30.2009 12.31.2008 12.31.2007 12.31.2006
10. Deposits from banks 124,112 177,677 160,601 145,683
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