Prospectus - Notowania

(in millions of €) % Change
Operating profit (Reclassified) 09.30.2009 09.30.2008 2009/2008
Retail 2,263 3,101 -27.0%
Corporate & Investment Banking 5,313 2,774 91.5%
Private Banking 187 291 -35.7%
Asset Management 173 482 -64.1%
Central Eastern Europe (CEE) 2,065 1,796 15.0%
Poland’s Market 573 925 -38.1%
Parent company and other companies* (966) (1,106) -12.7%
Total 9,608 8,263 16.3%
* Including netting and write-downs.
With regard to the operating profit, provisions for risks and charges of € 377 million
have been recorded, compared to the € 179 million of the first nine months of 2008,
and integration costs of € 321 million, compared to the reconstructed figure of € 109
million for September 2008.
For that which regards the allocations in the face of risks and charges and value
adjustments on the credit portfolios, we have provided, during Q4, to an overall
update of the relevant allocations to be defined on the basis of the year-end results of
the continuous monitoring of the individual postions.
In the first nine months of 2009 net write-downs of loans and provisions for
guarantees and commitments stand at € 6,245 million, up by 163% on the figures of
the same period of last year.
(in millions of €) % Change
Net write-downs of loans and of provisions for
guarantees and commitments (Reclassified) 09.30.2009 09.30.2008 2009/2008
Retail (1,386) (791) 75.2%
Corporate & Investment Banking (3,288) (1,068) n.s.
Private Banking (6) (2) n.s.
Asset Management - (3) n.s.
Central Eastern Europe (CEE) (1,221) (323) n.s.
Poland’s Market (91) (45) n.s.
Parent company and other companies* (253) (144) 75.7%
Total (6,245) (2,372) n.s.
* Including netting and write-downs.
With regard to trends in Net write-downs of loans and of provisions for guarantees
and commitments, information can be found in the previous part of this Chapter in the
section on trends in loans and related provisions.
Net profit from investments in the first nine months of the year amounted to €15
million, compared to € 13 million in the same period of the previous year, due to the
combined effect of disposals and write-downs of equity investments.
Specifically, the assets which were subject to disposal and generated profits during Q3
2009 included the contribution of a portion of the real estate portfolio to a closed-end
real estate fund, the Core Nord Ovest Fund, with subsequent disposal of the majority
of interests, which generated a gross capital gain of € 132 million, the disposal of
interests held in the Omicron Plus Fund, issued in December 2008, and the second
contribution made in 2009 generated a capital gain of € 236 million and the sale of a
portfolio of properties in Veneto worth € 27 million. The other assets sold in Q3
include Heidelberg Cement (€ 44 million) and BPH (€ 10 million). The write-downs
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