Prospectus - Notowania

Total 8,175 8,049 9,105 6,872 1.6% -11.60% 32.49%
The provisions for risks and charges for the first months of 2009 grew by 1.6%
relative to the end of 2008, with a slight increase in the provisions for other charges.
In particular, with respect to the use of provisions for staff expenses, provisions for
litigation increased (revocatory actions, pending lawsuits, personnel-related suits, etc.)
for 3.5% and those linked to other risks and charges for 4.1%.
As at December 31, 2008 there was a reduction in the same provisions for risks and
charges explained both by the change in company pension funds, and of the other
provisions for risks and charges, reduced as a result of the use of amounts previously
allocated, such as the €272 million settlement with the Parmalat group, concluded on
August 1, 2008.
The change between December 2006 and December 2007 is almost entirely due to the
merger with Capitalia. Net of Capitalia, the amount as at December 31, 2007 is €7,116
million, up €245 million, of which €187 million pertain to company pension funds.
Income Statement Data as at December 31, 2008, 2007 and 2006
(millions of €) % Change
CONSOLIDATED INCOME STATEMENT
(accounts) 12/31/2008 12/31/2007 12/31/2006 2008/2007 2007/2006
10. Interest and similar revenues 54,113 42,022 34,295 28.8% 22.5%
20. Interest and similar expenses (36,069) (28,057) (22,140) 28.6% 26.7%
30. Net interest income 18,044 13,965 12,155 29.2% 14.9%
40. Fee and commission income 11,125 11,354 9,967 -2.0% 13.9%
50. Fee and commission expense (2,032) (1,924) (1,619) 5.6% 18.8%
60. Net fees and commissions 9,093 9,430 8,348 -3.6% 13.0%
70. Dividends and similar income 1,666 1,056 824 57.8% 28.2%
80. Net trading income (2,522) 541 1,470 -566.2% -63.2%
90. Net hedging income 16 22 30 -22.7% -26.7%
100. Income (losses) from sale or repurchase of: 198 1,286 493 -84.6% 160.9%
a) loans and receivables (7) 14 17 -150.0% -12.5%
b) available-for-sale financial assets 170 1,275 479 -86.7% 166.2%
c) financial assets held to maturity - - 3 n.s. -100.0%
d) financial liabilities 35 (3) (6) -1300.0% -50.0%
110. Net income (loss) from financial assets and
liabilities at fair value (350) (4) 41 11566.7% -107.3%
120. Operating income 26,145 26,296 23,361 -0.6% 12.6%
130. Net write-downs/write-backs due to impairment of: (4,667) (2,330) (2,297) -100.3% 1.5%
a) loans and receivables (3,582) (2,141) (2,196) 67.3% -2.5%
b) available-for-sale financial assets (904) (113) (47) 700.0% 140.4%
c) financial assets held to maturity (77) (54) 1 42.6% n.s
d) other financial transactions (104) (22) (53) 395.2% -60.4%
140. Net income (loss) from financial business 21,478 23,966 21,065 -10.4% 13.8%
150. Net premiums 112 115 89 -2.6% 29.2%
160. Balance of other income/costs from insurance
business (86) (82) (68) 4.9% 20.6%
170. Net income (loss) from financial and insurance
business 21,504 23,999 21,086 -10.4% 13.8%
180. Administrative expenses (16,084) (14,201) (12,409) 13.3% 14.4%
a) staff expenses (10,025) (9,097) (7,860) 10.2% 15.7%
b) other administrative expenses (6,059) (5,104) (4,549) 18.7% 12.2%
190. Net allocations to provisions for risks and charges (254) (622) (765) -59.2% -18.7%
200. Net write-downs/write-backs of property, plant and
equipment (819) (841) (812) -2.6% 3.6%
210. Net write-downs/write-backs of intangible assets (714) (620) (557) 15.3% 11.3%
220. Other operating costs / income 995 883 597 12.7% 47.9%
230. Operating costs (16,876) (15,401) (13,946) 9.6% 10.4%
240. Income (loss) from equity investments 416 223 283 86.5% -21.2%
250. Net profit (loss) from fair value assessment of
property, plant and equipment and intangible assets (84) - - na. na.
260. Goodwill value adjustments (750) (144) (356) 420.8% -59.7%
270. Profit (loss) on disposal of investments 785 530 795 48.1% -33.3%
280. Profit (loss) before tax 4,995 9,207 7,862 -45.7% 17.1%
290. Income taxes for the year (466) (2,589) (1,790) 82.0% 44.6%
300. Profit (loss) from current operations after taxes 4,529 6,618 6,072 -31.6% 9.0%
310. Profit (loss) of disposal groups classified as held for
sale after taxes - - 56 n.a. n.s.
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