Prospectus - Notowania

The coverage ratio (or the ratio between write-downs and notional value of loans) was
49.10% at the end of September compared to 52.50% at the end of 2008.
In terms of changes in impaired loans, the following table shows the trend of each
category of impaired loans based on total cash exposure to customers, with accounting
entries not included in “Loans to customers”.
(millions of €)
Cash exposure to customers*: change in
impaired loans
Non-performing
loans Doubtful loans
- 203 -
Restructured
loans Past-due loans
Opening balance – gross exposure as at
January 1, 2008 28,045 5,967 1,707 1,878
of which: sold but not derecognised 112 68 - 49
Increases 9,712 8,961 1,302 6,026
Transfers from performing loans 4,424 5,155 788 4,277
Transfers from other impaired exposures 2,753 1,922 264 110
Other increases 2,535 1,884 250 1,639
Decreases 8,441 5,935 1,153 5,670
Transfers to performing loans 986 898 235 2,043
Derecognised items 2,652 128 28 1
Recoveries 2,407 1,962 251 400
Sales proceeds 993 68 7 755
Transfers to other impaired exposures 434 2,461 371 1,784
Other decreases 969 418 261 687
Closing balance – gross exposure as at
December 31, 2008 29,316 8,993 1,856 2,234
of which: sold but not derecognised 192 127 6 146
Opening balance – gross exposure as at
January 1, 2009 29,316 8,993 1,856 2,234
of which: sold but not derecognised 192 127 6 146
Increases 9,621 11,116 3,867 6,289
Transfers from performing loans 4,767 7,207 1,989 5,854
Transfers from other impaired exposures 3,579 2,775 1,306 141
Other increases 1,275 1,134 572 294
Decreases 5,353 6,848 1,517 5,152
Transfers to performing loans 360 1,266 366 2,300
Derecognised items 1,467 108 95 6
Recoveries 1,277 1,167 333 276
Sales proceeds 570 64 51 15
Transfers to other impaired exposures 1,075 3,775 640 2,309
Other decreases 604 468 32 246
Closing balance – gross exposure as at
September 30, 2009 33,584 13,261 4,206 3,371
of which: sold but not derecognised 252 522 12 367
* As provided in the Bank of Italy Instructions, the positions indicated above include total cash exposures and for this reason the
balances differ with respect to those indicated in previous tables related to loans and receivables with customers.
Write-downs on the balances above showed the following changes: