Prospectus - Notowania

320. Profit (loss) for the year 4,529 6,618 6,128 -31.6% 8.0%
330. Minority interests (517) (717) (680) -27.9% 5.3%
340. Parent company profit (loss) for the year 4,012 5,901 5,448 -32.0% 8.3%
Earnings per share (€) 0.304 0.533 0.527 -43.0% 1.1%
Diluted earnings per share (€) 0.304 0.532 0.525 -43.0% 1.5%
Interest and similar income and interest and similar expenses
(millions of €) % Change
Interest and similar income and
interest and similar expenses 12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
Interest income 54,113 42,022 34,295 28.77% 22.53%
Interest expense (36,069) (28,057) (22,140) 28.56% 26.73%
Net interest 18,044 13,965 12,155 29.21% 14.89%
The change in net interest between 2008 and 2007, i.e. 29.2%, and between 2007 and
2006, i.e. 14.9%, refers mostly to the Capitalia group. With reference to 2008, interest
dynamics are explained for the first part of the year by the growing trend in market
rates and loan volumes, whereas in the second half of the year the European Central
Bank actively intervened on the interbank market with a sharp cut in reference rates,
accompanied by a slight reduction in the volumes of allocations and in the related
margins.
With regard to the growth in net interest recorded in 2007, net of Capitalia and taking
into account minor changes in the scope of consolidation and the exchange rate effect,
it is mainly explained by the growth in allocation volumes as well as the rise in market
interest rates.
(millions of €) % Change
Interest and similar income: breakdown 12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
1. Financial assets held for trading 4,547 5,235 3,467 -13.1% 51.0%
2. Financial assets designated at fair
value 771 835 1,670 -7.7% -50.0%
3. Available-for-sale financial assets 1,325 1,061 910 24.9% 16.6%
4. Financial assets held to maturity 724 668 761 8.4% -12.2%
5. Loans to banks 7,736 4,308 3,797 79.6% 13.5%
6. Loans to customers 36,345 27,228 21,981 33.5% 23.9%
7. Hedging derivatives 780 815 -100.0% -4.3%
8. Financial assets sold but not
derecognised 2,244 1,465 724 53.2% 102.3%
9. Other assets 421 442 170 -4.8% 158.5%
Total 54,113 42,022 34,295 28.8% 22.5%
(millions of €) % Change
Interest and similar expenses:
breakdown 12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
1. Deposits from banks (9,116) (6,138) (4,796) 48.5% 28.0%
2. Customer deposits (11,761) (8,672) (6,467) 35.6% 34.1%
3. Securities in issue (11,203) (10,134) (7,439) 10.5% 36.2%
4. Held for trading financial liabilities (1,300) (1,344) (2,958) -3.3% -54.6%
5. Financial liabilities designated at fair
value (35) (42) (36) -19.0% 16.7%
6. Financial liabilities relating to assets
sold but not derecognised (962) (636) (341) 51.3% 86.5%
7. Other liabilities (1,049) (1,091) (103) -3.8% 959.2%
8. Hedging derivatives (643) - - n.a. n.a.
TOTAL (36,069) (28,057) (22,140) 28.6% 26.7%
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