Prospectus UBI Banca Covered Bond Programme

Prospectus
SUMMARY OF FINANCIAL INFORMATION OF THE ISSUER
The merger by incorporation of Banca Lombarda into BPU became effective on 1 April 2007 and, with effect
from that date, BPU changed its name to Unione di Banche Italiane S.c.p.a. Accordingly, the annual financial
statements of the Issuer as at and for the year ended 31 December 2007 are the first annual financial statements
pertaining to UBI Banca as a merged entity.
The following tables present balance sheet and income statement information related to:
• the consolidated and individual annual financial statements of the Issuer as at and for the year ended 31
December 2008 for the Group and
• the consolidated and individual annual financial statements of the Issuer as at and for the year ended
31 December 2007 which include the full year accounts for former BPU and the accounts for the last three
quarters of 2007 (since the date the merger was effective) for the former Banca Lombarda, restated in 2008 to
take account of the different classification adopted during that year of an institutional counterparty and the
emoluments of the Statutory Board of Auditors; therefore, the consolidated and individual financial information
as at and for the year ended 31 December 2007 set out in the tables below is not directly comparable to the
consolidated and individual financial information as at and for the year ended 31 December 2008 and has been
derived from the 2008 audited consolidated and individual financial statements of the UBI Banca Group,
prepared in accordance with International Financial Reporting Standards, as adopted by the European Union and
as implemented under the Bank of Italy's instructions contained in Circular No. 262 of 22 December 2005 and
related transitional regulations in Italy ("IFRS") and have been audited by KPMG S.p.A., whose reports are
attached to such financial statements. All figures are in thousand Euro unless otherwise stated.
The information set out in the tables below should be read in conjunction with, and is qualified in its entirety by
reference to, the full financial statements referred to above, in each case together with the accompanying notes
and auditors' reports, all of which are incorporated by reference in this Prospectus.
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