Diapositiva 1 - UBI Banca

An introduction
to the UBI Banca Group
June 2013

Disclaimer
This document has been prepared by
Unione di Banche Italiane Scpa (“UBI”) for
informational purposes only.
It is not permitted to publish, transmit or
otherwise reproduce this document, in
whole or in part, in any format, to any third
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The information, opinions, estimates and
forecasts contained herein have not been
independently verified and are subject to
change without notice.
They have been obtained from, or are
based upon, sources we believe to be
reliable but UBI makes no representation
(either expressed or implied) or warranty
on their completeness, timeliness or
accuracy.
Nothing contained in this document or
expressed during the presentation
constitutes financial, legal, tax or other
advice, nor should any investment or any
other decision be solely based on this
document.
This document does not constitute a
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recommendation to purchase, subscribe
or sell for any investment instruments, to
effect any transaction, or to conclude any
legal act of any kind whatsoever.
This document may contain statements
that are forward-looking: such statements
are based upon the current beliefs and
expectations of UBI and are subject to
significant risks and uncertainties. These
risks and uncertainties, many of which are
outside the control of UBI, could cause the
results of UBI to differ materially from
those set forth in such forward looking
statements.
Under no circumstances will UBI or its
affiliates, representatives, directors,
officers and employees have any liability
whatsoever (in negligence or otherwise)
for any loss or damage howsoever arising
from any use of this document or its
contents or otherwise arising in
connection with the document or the
above mentioned presentation.
For further information about the UBI
Group, please refer to publicly available
information, including Annual, Quarterly
and Interim Reports.
By receiving this document you agree to
be bound by the foregoing limitations.
Please be informed that some of the
managers of UBI involved in the drawing
up and in the presentation of data
contained in this document either
participated in a stock option plan and
were therefore assigned stock of the
company or possess stock of the bank
otherwise acquired. The disclosure
relating to shareholdings of top
management is available in the half year
and the annual reports.
Methodology
All data are as at 31 st March
2013 unless otherwise stated.
Page 1

Agenda
The UBI Banca Group
The UBI Banca International Network
Contacts
Annexes
Page 2

Agenda
The UBI Banca Group
Background
UBI Banca and its Peers
Ratings
Capital Ratios
Group Structure
Presence in Italy
Page 3

Background
Birth of the “Banca
Mutua Popolare
della Città e
Provincia di
Bergamo” ,
subsequently
renamed “Banca
Popolare di
Bergamo” (BPB)
1869
1883
Birth of the
“Credito Agrario
Bresciano” (CAB)
Unione di Banche Italiane Scpa (“UBI Banca”) was formed following the merger of the skills and experience of
the BPU Banca and Banca Lombarda e Piemontese Groups (1 st April 2007)
The history of UBI Banca is marked by a succession of mergers which have led banks with strong roots in
local communities to the significant reality of today
Birth of the “Società
per la Stagionatura e
l’Assaggio delle Sete
ed Affini”
subsequently
renamed “Banca
Popolare
Commercio e
Industria” (BPCI)
1888
1888
Birth of the “Banca
San Paolo di
Brescia” (BSPB)
Merger of BPB and
“Credito Varesino”
(BPB-CV)
1992
1963
BSPB acquires
“Banca di Valle
Camonica” (BVC)
Acquisition of “Banca
Popolare di Ancona”
(BPA) by BPB-CV. Birth of
the BPB-CV Group
1996
1992
CAB acquires
“Banco di San
Giorgio” (BSG)
Acquisition of
“Banca
Carime” by
BPCI
2001
1998
Merger of CAB and
BSPB with the creation
of “Banca Lombarda”
as parent company and
contribution of branch
network of CAB and
BSPB to “Banco di
Brescia”
Birth of the “BPU
Banca Group” from
the integration of
BPB-CV and BPCI
2003
2000
Acquisition of “Banca
Regionale Europea”* by
Banca Lombarda. The
Group takes the name
of “Banca Lombarda e
Piemontese Group”
1 st April 2007
Birth of
“UBI Banca”
following the
merger of the
BPU Banca
Group and the
Banca
Lombarda e
Piemontese
Group
Page 4
* Banca Regionale Europea was created in 1994 following the merger between “Cassa di Risparmio di Cuneo” and “Banca del
Monte di Lombardia”

Background
UBI Banca is a “popular” bank with the legal status of a joint stock co-operative company.
According to its by-laws, each registered shareholder has the right to one vote whatever the
number of shares held. There is therefore no reference shareholders*. It is the only listed bank in
the Group
No one may hold shares amounting to more than 1% of the share capital (with the exception of
collective investment companies)
On the basis of the latest update of the shareholders’ register, registered shareholders number
above 90,000. If non registered shareholders are also considered, total shareholders (registered
and unregistered) number around 150 thousand
The said principles
are equally applied
to listed and nonlisted
popular banks
UBI Banca’s governance model is based on a “dualistic” system. Under this dualistic governance
system a shareholders’ meeting appoints a Supervisory Board (strategic policy-making and
supervision), which then appoints a Management Board (day by day management of the
company)
23.6
25.2
Market Capitalization as at 31 st May
2013 (EUR bln)
Source: “Il Sole 24 Ore” Italian financial newspaper –
dated 1 st June 2013
3rd
3.2
2.8
2.2
2.0
1.4
Intesa
San Paolo
Unicredit
Group
UBI
Banca
Monte
dei Paschi
di Siena
Gruppo
BPER
Banco
Popolare
Banca
Popolare
di Milano
Page 5
* A distinction is made between registered shareholders, a status acquired following acceptance decided by the
Management Board and enrolment in the shareholders’ register with the right to participate in shareholders’ meetings,
and non registered shareholders whose rights are financial only.

UBI Banca and its Peers
Total Assets as at 31 st March 2013 (EUR bln)
Source :1Q2013 reports
913
Customer Loans as at 31 st March 2013 (EUR bln)
Source : 1Q2013 reports
667
216
131
5th
130
62
53
537
372
141
4th
92
91
49
35
Unicredit
Group
Intesa
San Paolo
Monte
dei Paschi
di Siena
Banco
Popolare
UBI
Banca
Gruppo
BPER
Banca
Popolare
di Milano
Unicredit
Group
Intesa
San Paolo
Monte
dei Paschi
di Siena
UBI
Banca
Banco
Popolare
Gruppo
BPER
Banca
Popolare
di Milano
Direct Funding as at 31 st March 2013 (EUR bln)
Source : 1Q2013 reports
569
379
135
4th
99
93
47
38
No. Domestic Branches as at 31 st March 2013
Source : 1Q2013 reports
5,181
4,928
2,577
1,998
5th
1,732
1,321
744
Unicredit
Group
Intesa
San Paolo
Monte
dei Paschi
di Siena
UBI
Banca
Banco
Popolare
Gruppo
BPER
Banca
Popolare
di Milano
Intesa
San Paolo
Unicredit
Group
Monte
dei Paschi
di Siena
Banco
Popolare
UBI
Banca
Gruppo
BPER
Banca
Popolare
di Milano
Page 6

Predominant Retail Business, Low Risk Profile
Strong
competitive
positioning
Solid Capital
and Balance
Sheet Position
High Asset
Quality
Low Risk Profile
No recourse to any State aid. Capital ratios as at 31 March 2013: Core Tier 1: 10.5%, EBA Core Tier 1:
9.3%**, Tier 1: 11%, Total capital ratio: 16.4% (Validation AIRB on Corporate Credit Risk obtained in
May 2012. Validation on Retail Credit Risk to be applied for within 1H2013)
Low Leverage ratio (tangible assets / (tangible equity+non-controlling interests+net result for the
period)): 16.8X
Sound Liquidity position: The Group already complies with the Net stable Funding Ratio and Liquidity
Coverage Ratio as per Basel 3 requirements
Good asset quality compared to the Italian banking system (Net NPLs/Total Loans 3.30%; Italian
Banking system 3.38%)
Cost of credit of 68 annualised bps of total loans (54 annualised bps in 1Q12)
Focus on traditional banking activities: Customer loans/total assets at 70.8%
1 st Italian cooperative banking Group by market capitalization
EUR 92.3 bn customer lending and EUR 98.7 bn direct funding (loan/deposit ratio: 93.5%)
As at Dec 2012, 82.2% of loans to customers were granted in Northern Italy, 9.9% in Central Italy and
7.9% in Southern Italy, while 74.3% of customer deposits came from Northern Italy, 11.6% from Central
Italy and 14.1% from Southern Italy*
Funding mainly from own customer base; limited recourse to institutional markets (MTNs, CBs, CP,
CD and Preference shares altogether represent 13.6% of total funding)
Financial assets/total assets: 17.3%. Italian Govies represent 15% of total assets
Page 7
Figures as at 31 st March 2013 unless otherwise stated
* Data referred to banking perimeter only. ** EBA Core Tier I requirement as at 31/03/13, including the sovereign risk
valuation at fair value as at 30/09/11 and considering a minimum capital requirement constraint equal to 80% of the capital
requirements calculated on the basis of Basel 1 rules, as per EBA exercise.

The Group Structure
UBI BANCA
provides management, co-ordination, control and supply of centralized services to the network banks (single IT System,
centralised risk management, centralised finance and treasury, commercial coordination, credit coordination, logistics,
purchasing, on line banking, etc...)
8 DOMESTIC NETWORK BANKS
MAIN PRODUCT COMPANIES
358 branches
100.00%
322 branches
100.00%
ASSET MANAGEMENT
UBI Pramerica
(partnership with Prudential US)
Northern
Italy
Central
Italy
219 branches
256+3* branches
66 branches
220 branches
75.08% (1)
74.72% (2)
82.96% (3)
92.98% (4)
FACTORING
LEASING
UBI Factor
UBI Leasing
NON-LIFE BANCASSURANCE UBI Assicurazioni
(partnership with BNP Paribas/Ageas)
LIFE BANCASSURANCE Aviva Vita (partnership with Aviva)
Aviva Assic. Vita (partnership with Aviva)
Lombarda Vita (partnership with Cattolica)
ON LINE TRADING
IW Bank
Southern
Italy
255 branches
92.84% (5)
Page 8
Information updated as at 31 March 2013
* N. of branches outside Italy
25 branches
664 financial
advisors
100.00%
1) moreover, 8.69% of capital held by Aviva, 16.23% of capital held by Fondazione Banca del Monte di Lombardia 2) further 24.90% of Banca
Regionale Europea capital held by Fondazione Cassa di Risparmio di Cuneo and the rest by minority shareholders 3) moreover, 6.38% of
capital held by Cattolica Assicurazioni and the rest by minority shareholders 4) moreover, 6.49% of capital held by Aviva and the rest by
minority shareholders 5) moreover, 7.15% of capital held by Aviva and the rest by minority shareholders

Presence in Italy
Introduction to the UBI Banca Group:
Predominant Retail Business and Strong Northern Italian Franchise
1
1
10
Approx. 3.8 million clients, mainly retail
207
50
811
45
36
1,732 branches, of which 811 in Lombardy (which
generates over 20% of Italian GDP)
1
8
86
19
17
115
6
86
104
31
98
Market share in terms of branches above 20% in
some of the richest Provinces such as Bergamo,
Brescia and Varese
Market Share
%
Branches* Funding
Loans
Bergamo 21.3 30.3 40.6
Brescia 22.0 36.1 35.7
Varese 22.7 28.3 20.7
Cuneo 23.7 21.3 16.5
National market share of 5.3% in terms of branches
1,732
branches in Italy + 8 branches abroad
* Market shares calculated as at 31 st December 2012
Page 9

Agenda
UBI Banca International Network
International Network
Presence in the world
Page 10

International Network
COMMERCIAL BANKS
FOREIGN BRANCHES
SUBSIDIARIES
FOREIGN BRANCHES
REPRESENTATIVE
OFFICES
MENTON, NICE AND ANTIBES
(Banca Regionale Europea)
KRAKOW
(UBI Factor)
MOSCOW
SAO PAULO
SHANGHAI
(Zhong Ou Asset
Management Company)
MUMBAI
SHANGHAI
HONG KONG
VIENNA
(Business Consultant)
Head office in Luxembourg
FOREIGN BANKS
Head office in Lausanne
SUBSIDIARIES BRANCHES BRANCH
UBI TRUSTEE SA
(Luxembourg)
LUXEMBOURG
MADRID
MUNICH
LUGANO
Page 11

Presence in the world
UBI Banca is present in Asia, Latin America and Europe
Lausanne
Banque de Dépôts et de Gestion
(Branch in Lugano)
Luxembourg
• UBI Banca International
• UBI Trustee SA
Antibes, Menton, Nice
Banca Regionale Europea
Branches
Munich
UBI Banca International
Branch
Krakow
UBI Factor Branch
•
•
•
•
• •
Vienna
Business Consultant
Moscow
Representative Office
Shanghai
Representative Office
Shanghai
Zhong Ou Asset Management
Company Co. Ltd*
Madrid
UBI Banca International
Branch
São Paulo
Representative Office
•
Mumbai
Representative Office
Hong Kong
Representative Office
Page 12
* Joint-venture in which UBI Banca holds 35% of the total share. (Other partners: Guodu Securities Co. Ltd. holds 30% of the
total share, China Private Ventures Ltd holds 30% of the total share and WinnerKey Investment Co. Ltd holds 5% of the total
share). In march 2013, the ex Lombarda China Fund Management Co., actives in the management of retail funds and of IPO,
handled an AUM of 10 billions of Rmb (about 1,2 billions of euro).

Agenda
Contacts
UBI Banca Correspondent Banking
Representative Offices Contacts
Page 13

UBI Banca Institutional Banking
Marco D’Este
Head of Institutional Banking
Isabella Moavero - Head of Correspondent Banking and Representative Offices
Correspondent Banking - correspondent.banking@ubibanca.it
Alistair Newell
Area Manager
alistair.robert.newell@ubibanca.it
Federico Ferrari
Area Manager
federico.ferrari@ubibanca.it
Lorenzo Tassini
Area Manager
lorenzo.tassini@ubibanca.it
Ernst Rolf Hartmann
Area Manager
ernst.rolf.hartmann@ubibanca.it
BANGLADESH
INDIA
MALDIVES
PAKISTAN
SOUTH EAST EUROPE
Western
SRI LANKA
Europe:
UK
BALTIC COUNTRIES
IRELAND
SCANDINAVIA
CYPRUS
ICELAND
GREECE
Western Europe:
MALTA
CYPRUS
GREECE
IRELAND
MALTA
UK
AUSTRALASIA
ASIA
NORTH AMERICA
RUSSIA AND CIS COUNTRIES
Western Europe:
AUSTRIA
GERMANY
SWITZERLAND
AFRICA
MIDDLE EAST
TURKEY
LATIN AMERICA
CARIBBEAN
EASTERN EUROPE
ISRAEL
Western Europe:
PORTUGAL
SPAIN
BELGIUM
FRANCE
LUXEMBOURG
NETHERLANDS
VATICAN CITY
MONTE-CARLO
Page 14

Representative Offices Contacts
HONG KONG
MUMBAI
SHANGHAI
Mr Andrea Croci
hongkong@ubihk.com
Suite 2911, Tower Two,
Times Square 1, Matheson St. -
Causeway Bay Hong Kong - S.A.R.
Tel. +852 2878 7393
Fax +852 2878 7932
Ms Rajeshree Balsari
mumbai@ubibanca.com
92 Mittal Chambers, 9 th Floor,
Nariman Point,
400 021 Mumbai - India
Tel. +91 22 22023601
Fax +91 22 22023603
Ms Lu Bo
office@ubibanca.sh.cn
The Center
Suite 3304
989, Changle Road
200031 Shanghai – China
Tel +86 21 61675333
Fax +86 21 61675582
MOSCOW
Mr Ferdinando Pelazzo
moscow@ubibanca.com
10, Nikolskaya str., 4 th floor,
Business Centre “Nikolskaya Plaza”
109012 Moscow - Russia
Tel. +7 495 725 4466
Fax +7 495 725 4465
SAO PAULO
Mr Isidoro Guerrerio
saopaulo@ubibanca.com
Al. Ministro Rocha Azevedo,
456 Ed. Jaù - 4° And.Cj.402
CEP 01410-000 São Paulo -
Brazil
Tel. +55 11 3063 0454
Fax +55 11 3063 3785
VIENNA (Business Consultant)
Ms Annick Stockert
annick.stockert@esterni.ubibanca.it
Seilerstätte 16/11
1010 Vienna
Austria
Tel. +43 1 514 37 26
Fax +43 1 514 37 60
Page 15

Agenda
Annex
Foreign Banks
Product Companies
Group Results
Group BIC codes
Page 16

Foreign Banks
Qualified and specific services offered to Corporate customers:
•establishment of international companies
•trustee operations and corporate financing
•payment services
•corporate and syndicated loans
•issuance of bonds and international guarantees
•cash pooling
•factoring
• BDG, established in 1933 and taken over by the Group in 1994,
has its Headquarter in Lausanne and a branch in Lugano.
• BDG activity is mainly focused on Private clientele.
• Thanks to its open architecture approach, BDG can offer a wide
range of customized products and services including: investments,
real estates, financial planning, accounts, payments, lines of credits
and loans.
Services offered to Private customers:
•wealth management and investment advisory;
•heritage and personal wealth planning with tailor made financial
engineering solutions;
•investment Funds and Sicav;
•financial and asset planning with tailored engineering solutions;
•term deposits in all major currencies,;
•trading and safekeeping of securities on all the major stock and
bond markets;
•spot and forward foreign exchange transactions;
•services for the establishment of Trust Companies through UBI
Trustee SA based in Luxembourg.
Page 17

Product Companies
Leasing
UBI Leasing offers its clients financing for asset acquisition such as: instrumental
leasing, real estate leasing, car leasing, aero naval leasing as well as specific
insurance and accessory services.
8.0 bln EUR in net Loans to Customers
Factoring
UBI Factor offers highly specialized factoring services to companies and public
administrations. The company is based in Milan with a capillar structure across the
national territory and is present also in Poland with its Krakow subsidiary. Since 1984
UBI Factor is part of the Factors Chain International network which allows it to retain a
presence in more than 50 countries and with more than 200 foreign partners.
1.8 bln EUR Turnover; 2.1 bln EUR net Loans to Customers
Asset Management – Joint Venture with Prudential US
UBI Pramerica develops, manages, markets and distributes a wide range
of financial products and services dedicated to private customers and institutions. It
has been awarded various international prizes.
21.4 bln EUR in Assets Under Management
Online Trading
IW Bank is a market leader in online trading in Italy with a strategy based on
three fundamental objectives: continuous product/service innovation, constant
development of technological platforms, professional support for the customer.
1.9 mln of transactions executed over the period (1Q13)
Page 18 Data as at 31.03.2013

The composition of UBI’s assets and liabilities is designed to contain risks
(sound liquidity and low leverage) and focused on traditional retail business
31 MARCH 2013
DIRECT FUNDING BREAKDOWN
ORDINARY CUSTOMERS 81.5%
INSTITUTIONAL FUNDING 18.5%
LIQUIDITY RATIOS*
LCR (TIMELINE REFERENCE: 30 DAYS) > 1
NSFR (TIMELINE REFERENCE: 1 YEAR) > 1
TOTAL ASSETS BREAKDOWN
LOANS TO CUSTOMERS 71%
FINANCIAL ASSETS 17%
HELD FOR TRADE ASSETS 4%
LEVERAGE**
30 JUNE 2012 18.3X
31 DECEMBER 2012 17X
31 MARCH 2013 16.8X
Main peers average*** vs 60%
vs 24%
vs 19x
Page 19
* Basel 3 Liquidity Ratios. NSFR = Net Stable Funding Ratio; LCR = Liquidity Coverage Ratio
** Leverage = (tangible assets / (tangible equity + non-controlling interests +net result for the period))
** * UCG, ISP, MPS, BP, BPM and BPER as at 31/03/2013

UBI Banca Main Consolidated figures
Main balance sheet
figures
Figures in millions of euro
Mar 2013 Dec 2012 Mar 2012
Loans to customers 92,265 92,888 97,106
Direct funding 98,678 98,818 99,443
of which: Direct Funding from
Ordinary Customers
of which: Direct Funding from
Institutional Customers
80,400 80,335 80,344
18,278 18,483 19,099
Lending evolution explained mainly by
market context:
- lack of internal domestic demand (domestic
consumption*: -3.9% FY12 vs. FY11)
- low investments made by enterprises
(investments*: -7.6% FY12 vs. FY11)
YoY trend also reflects actions of de-risking
taken by exiting from third party networks
(former Banca 24/7, UBI Leasing, UBI Factor,
Centrobanca).
Net Interbank exposure (not
included in Direct Funding – mainly
LTRO)
9,581 9,139 10,218
As at 31 March 2013, Loan to Deposit
Ratio: 93.5%
Total assets 130,396 132,434 131,511
Loans to customers / total
assets
70.8% 70.1% 73.8%
Indirect funding (AuM + AuC) 68,881 70,164 72,381
of which: AUM 38,316 38,106 37,605
• Eligible Assets as at 10th June 2013: €
30.3 bln (of which € 18.1 unencumbered)
- Unencumbered assets have more than
trebled compared to 2011 and represent
40% of Short Term Deposits
of which: AUC 30,565 32,058 34,776
Page 20
*Source: Istat
Page 20

1Q13 Stated Profit of € 26 mln
MAIN INCOME MAIN STATEMENT INCOME STATEMENT ITEMS ITEMS
% change % change % change % change
1Q12 4Q12 1Q13
Figures in € mln
1Q12 4Q12 1Q13
Figures in € mln
1Q13/1Q12 1Q13/1Q12 1Q13/4Q12 1Q13/4Q12
Net interest income affected by low market
Net interest income 493 417 (15.4%) rates, (0.1%) low lending demand and pressure on
Net interest income 493 417 417 (15.4%) (0.1%)
funding costs. NII expected to improve
Net commission Net commission income income 299 299 311 311 305 1.8% 305 1.8% (1.9%) (1.9%)
progressively in 2013 from 4Q2012 low.
Net result from Net result finance from finance 94 109 94 109 42 (55.3%) 42 (55.3%) (61.5%) (61.5%)
Other income Other items income items 47 47 54 54 36 (24.2%) 36 (24.2%) (33.4%) (33.4%)
Good trend in commission income
Operating Operating income income 934 934 891 891 800 (14.4%) 800 (14.4%) (10.2%) (10.2%)
supported by placement of AUM Products
Staff costs Staff costs (361) (361) (336) (336) (331) (8.3%) (331) (8.3%) (1.5%) (1.5%)
Net result from finance mainly coming
Other administrative Other administrative expenses expenses (176) (176) (188) (188) (162) (8.0%) (162) (8.0%) (14.1%) (14.1%)
from sales/repurchases of Government
Net impairment Net impairment losses on property, losses on equipment property, equipment and investment and investment
(49) (50) (45) (7.1%) (8.7%)
property and property intangible and intangible assets assets
(49) (50) (45) (7.1%) (8.7%) bonds
Operating Operating expenses expenses (586) (586) (574) (574) (538) (538) (8.1%) (8.1%) (6.2%) (6.2%)
“Staff costs”: as from 1Q13 positive
Net operating Net operating income income 348 348 317 317 261 (24.9%) 261 (24.9%) (17.5%) (17.5%)
impact originated by trade unions
Net impairment Net impairment losses on loans losses on loans (131) (131) (353) (353) (158) (158) 20.3% 20.3% (55.3%) agreement (55.3%) on voluntary staff exits and
Net impairment Net impairment losses on other losses assets on other and assets liabilities and liabilities (2) (2) (4) (4) (8) (8) n.s. 103.8% n.s. flexible 103.8% working hours
Net provisions Net provisions for risks and for charges risks and charges (4) (28) (4) (28) (2) (43.4%) (2) (43.4%) (91.8%) (91.8%)
Profits from Profits disposal from of disposal equity investments of equity investments 0 06 (1) 6 (1) n.s. n.s. n.s. n.s.
Guidance for FY13 confirmed: cost of
Pre-tax profit Pre-tax from profit continuing from continuing operations operations 211 (62) 211 (62) 93 93 n.s. n.s. n.s. credit n.s. expected in line/slightly below FY12
Taxes on income Taxes on for income the period for the from period continuing from continuing operations operations (96) (96) 18 (57) 18 (41.1%) (57) (41.1%) n.s. level n.s.
Post-tax profit Post-tax from profit discontinued from discontinued operations operations 0 0 - n.s. - n.s. n.s. n.s.
Profit for the Profit period for the attributable period attributable to non-controlling to non-controlling interests interests (7) (7) (2) (10) (2) 30.8% (10) 30.8% n.s. n.s.
Profit (loss) Profit for the (loss) period for the attributable period attributable to the shareholders to the shareholders of the of the
Parent before Parent charges before for charges exit incentives for exit incentives impairments impairments on goodwill on and goodwill and 108 (46) 108 (46) 26 (75.4%) 26 (75.4%) n.s. n.s.
intangible intangible assets assets
Impairment Impairment on intangible on intangible assets assets
Charges for Charges exit incentives for exit incentives (net of tax (net and of non-controlling tax and non-controlling interests) interests) (2) (94) (2) (94)
Profit (loss) Profit for (loss) the period for the period 105 (140) 105 (140) 26 (74.9%) 26 (74.9%) n.s. n.s.
Profit for Profit the period for the NET period OF NON NET RECURRING OF NON RECURRING ITEMS ITEMS 95 (83) 95 (83) 19 (79.9%) 19 (79.9%) n.s. n.s.
Note: Net interest income and other income items have been restated to include in the latter all credit-related fees,
Page 21 according to new Bank of Italy regulations

Group BIC codes
BEPOIT21
BCABIT21
BREUITM1
BLOPIT22
POCIITM1
BPAMIT31
CARMIT31
BVCAIT21
BLPIIT21
CABILULL
UBIBESMM
BEPODEMM
Madrid Branch
Munich Branch
• BIC ACTIVE
• BIC NON ACTIVE
Page 22