Prospectus - Notowania

Situation as at 31.12.2007
Notional value 27,759 5,937 1,654 1,856 37,206 561,879 599,085
as a percentage of total
loans 4.63% 0.99% 0.28% 0.31% 6.21% 93.79%
Write-downs 18,742 1,903 449 187 21,281 2,741 24,022
as a percentage of
notional value 67.50% 32.10% 27.10% 10.10% 57.20% 0.50%
Carrying value 9,017 4,034 1,205 1669 15,925 559,138 575,063
as a percentage of total
loans 1.57% 0.70% 0.21% 0.29% 2.77% 97.23%
1 Further to the instructions of the Bank of Italy, the representation of transactions concerning leasing under construction and
assets awaiting lease was changed. The figures also reflect the updating of the allocation of the purchase price relating to the
merger transaction with the Capitalia Group.
(millions of €)
The trend in impaired loans resulted in a total balance of €19.8 billion as at December
31, 2008 (€+3.9 billion compared to December 2007), 3.24% of total loans to
customers, an increase compared to 2.77% at the end of the prior year. Changes in the
percentage of impaired loans on total loans disbursed by the Group to customers
reflect the economic difficulties that began in 2008, especially in Italy. As illustrated
in the following table, each category experienced a higher percentage, in terms of
carrying value, of non-performing loans (from 1.57% to 1.71%), doubtful loans (from
0.70% to 1.01%), while past-due loans were marginally higher (from 0.29% to
0.31%), and restructured loans were essentially constant (0.21%). Net of the effect of
the reclassification of securities due to changes in IAS 39, the percentage of impaired
loans is 3.30% of total loans to customers. The coverage ratio was 52.5% as at
December 31, 2008, compared to 57.2% at the end of 2007.
Loans to customers – credit
quality
NON-
PERFORMING
LOANS
DOUBTFUL
LOANS
- 205 -
RESTRUCTURED
LOANS
PAST- DUE
LOANS
TOTAL
IMPAIRED
LOANS
PERFORMING
LOANS
TOTAL
LOANS
Situation as at 12.31.2007
Notional value 27,759 5,937 1,654 1,856 37,206 561,879 599,085
as a percentage of total loans 4.63% 0.99% 0.28% 0.31% 6.21% 93.79%
Write-downs 18,742 1,903 449 187 21,281 2,741 24,022
as a percentage of notional
value 67.50% 32.10% 27.10% 10.10% 57.20% 0.50%
Carrying value 9,017 4,034 1,205 1669 15,925 559,138 575,063
as a percentage of total loans 1.57% 0.70% 0.21% 0.29% 2.77% 97.23%
of which: UniCredit excluding
Capitalia
Notional value 17,723 4,362 1,218 1,177 24,480 467,692 492,172
as a percentage of total loans 3.60% 0.89% 0.25% 0.24% 4.97% 95.03%
Write-downs 11,050 1,219 421 107 12,797 2,134 14,931
as a percentage of notional
value 62.3% 27.9% 34.6% 9.1% 52.3% 0.5%
Carrying value 6,673 3,143 797 1,070 11,683 465,558 477,241
as a percentage of total loans 1.40% 0.66% 0.17% 0.22% 2.45% 97.55%
Situation as at 12.31.2006
Notional value 17,698 4,847 4,394 1,016 27,955 429,108 457,063
as a percentage of total loans 3.87% 1.06% 0.96% 0.22% 6.12% 93.88%
Write-downs 10,886 1,259 1,388 146 13,679 2,064 15,743
as a percentage of notional
value 61.5% 26.0% 31.6% 14.4% 48.9% 0.5%
Carrying value 6,812 3,588 3,006 870 14,276 427,044 441,320
as a percentage of total loans 1.54% 0.81% 0.68% 0.20% 3.23% 96.77%
At the end of December 2007, impaired loans to customers totalled €15.9 billion, or
2.77% of total loans to customers, compared to €14.3 billion, or 3.23% of the total at
the end of 2006. The increase in absolute value is explained entirely by the inclusion