Prospectus - Notowania

f) Performing loans 538,192 592,595 558,953 427,031 -9.2% 6.0% 30.9%
Total 565.457 612.480 575.063 441.320 -7.7% 6.5% 30.3%
At the end of September 2009 impaired loans (including non-performing, doubtful,
restructured, and past-due) at carrying value were €27.2 billion (€+7.4 billion
compared to December 2008), or 4.82% of total loans to customers, an increase
compared to 3.24% at the end of the 2008. The change reflects the slowdown in the
economy, particularly in Italy.
(millions of €)
Loans to customers – credit
quality
NON-
PERFORMING
LOANS
DOUBTF
UL
LOANS
- 202 -
RESTRUCTURED
LOANS
PAST-
DUE
LOANS
TOTAL
IMPAIRED
LOANS
PERFORMING
LOANS
TOTAL
LOANS
Situation as at 09.30.2009
Notional value 32,835 13,152 4,205 3,306 53,498 541,375 594,873
as a percentage of total
loans
Write-downs
5.52%
20,596
2.21%
4,126
0.71%
1,132
0.56%
409
8.99%
26,263
91.01%
3,153 29,416
as a percentage of
notional value
Carrying value
62,70%
12,239
31.40%
9,026
26.90%
3,073
12.40%
2,897
49.10%
27,235
0.60%
538,222 565,457
as a percentage of total
loans 2.15% 1.60% 0.54% 0.51% 4.82% 95.18%
Situation as at 12.31.2008
Notional value 28,772 8,949 1,856 2,205 41,782 595,314 637,096
as a percentage of total
loans
Write-downs
4.52%
18,308
1.40%
2,772
0.29%
593
0.35%
281
6.56%
21,954
93.44%
2,662 24,616
as a percentage of
notional value
Carrying value
63.60%
10,464
31.00%
6,177
32.00%
1,263
12.70%
1,924
52.50%
19,828
0.40%
592,652 612,480
as a percentage of total
loans
1.71% 1.01% 0.21% 0.31% 3.24% 96.76%
The table above summarises the situation of impaired loans towards clients by
category and shows the increase of the percentages, in terms of carrying value, of all
impaired loans on total loans and, specifically, that of non-performing loans (from
1.71% to 2.15%) and doubtful loans (from 1.01% to 1.60%).
In terms of business segments, in the first nine months of 2009, UniCredit Corporate
Bankingshowed an increased level of migration from performing loans to impaired
loans, especially in the building, textiles, finance and insurance segments. Annualising
the migration data accumulated at the end of September, an increment of 285% is
registered in comparison to the end of 2008. This data compares to that reported in the
Corporate segment of HVB (+53%) e Bank Austria (-24%). However, in the Retail
sector, with significant slowdown in quarterly migration, the deterioration recorded in
the watch stock portion of the portfolio for the mortgage segment was partially offset
by reduced migration in the small business segment. In reference to CEE countries,
the increase in migration was primarily due to CIS countries (Commonwealth of
Independent States – Russia, Ukraine and Kazakhstan).
In general, the quarterly trends show a slight slowdown in migrations in the second
half of the year (+6.2% between the third and second semester of 2009 compared to
+7.6% between the second and first).