Prospectus - Notowania

Provisions in 2006 included extraordinary expenses related to the integration with the
HVB Group totalling € 292 million. In addition, provisions totalling € 60 million were
included for guaranteed rents on properties no longer occupied in Germany.
Other operating costs and income
(in millions of Euros) % Change
Other operating costs: breakdown
12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
Financial leasing: potential leasing
rents recorded as expense in the year
Costs for operating leases
(89)
(1)
(65)
-
(43)
-
36.9%
n.a.
51.2%
n.a.
Non-deductible tax and other tax
charges
Other
Total other operating costs
(7)
(506)
(603)
(9)
(417)
(491)
(11)
(429)
(483)
22.2%
21.6%
22.8%
18.2%
2.8%
1.7%
Other operating income: breakdown
A) Recovery of costs 557 360 284 54.7% 26.8%
B) Other Income 1,041 1,014 796 2.6% 27.5%
Revenue from administrative
services 180 125 65 42.9% 93.8%
Reversals of valuation reserves
relating to non-financial asset
and liability cash flow hedging - - - n.a. n.a.
Revenues on rentals from real
estate investments (net of
operating costs) 179 121 127 47.9% -4.7%
Revenues from operating leases 156 248 191 37.1% 29.8%
Recovery of miscellaneous costs
paid in previous years 20 26 9 -23.1% 188.9%
Other 506 494 404 2.6% 22.3%
Total operating income (A)+(B) 1,598 1,374 1,080 16.2% 27.3%
Other net income and costs 995 883 597 12.6% 47.9%
The item "other" regarding operating expenses includes the write-downs on
improvements to third party assets (€ 53 million as at December 31, 2008, € 34
million as at December 31, 2007 and € 30 million as at December 31, 2006).
The remaining income in the item Other refers for € 156 million to other income from
financial leasing activities, connected in various ways to the management of contracts
and the underlying assets.
Net write-downs of loans
(in millions of Euros) % Change
12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
A. Loans to banks (269) 6 (8) n.a. n.s.
B. Loans to customers (3,313) (2,147) (2,188) +54.3% -1.9%
C. Total (3,582) (2,141) (2,196) +67.3% -2.5%
The year 2008 saw a marked increase in net write-downs of loans (+67.3%). The
changed economic scenario had its most considerable impact particularly in the
second half of the year. This affected the Group’s entire operations and was
particularly concentrated in CEE countries.
In 2007, net write-downs of loans were down by 2.5% (-8% net of the contribution of
Capitalia present only in Q4 2007), as a result of the improvement in credit processes
and the macroeconomic trend.
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