Prospectus UBI Banca Covered Bond Programme

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Prospectus Financial information The following tables set out non-consolidated balance sheet and income statement information relating to Banco di Brescia. Such information is derived from the non-consolidated financial statements of Banco di Brescia as at and for the years ended 31 December 2008 and 2007, which are publicity available on the website of Banco di Brescia (www.bancodibrescia.it). The financial statements of Banco di Brescia are prepared in accordance with IFRS. BALANCE SHEET (In thousands of Euro) 31.12.2008 31.12.2007 Assets Cash and cash equivalents............................................................................................................. 95,548 73,111 Financial assets held for trading.................................................................................................... 142,994 113,610 Available-for-sale financial assets ................................................................................................ 20,319 43,677 Loans to banks .............................................................................................................................. 5,268,751 2,491,174 Loans to customers ....................................................................................................................... 14,458,084 14,715,620 Hedging derivatives ...................................................................................................................... 93,702 152,823 Fair value change of hedged financial assets................................................................................. 26,422 — Equity investments........................................................................................................................ 16,122 13,835 Property, plant and equipment ...................................................................................................... 302,920 299,097 Intangible assets............................................................................................................................ 19,733 19,747 of which: goodwill.................................................................................................. 19,705 19,705 Tax assets...................................................................................................................................... 51,123 59,023 (a) current ................................................................................................................................... 30,156 29,016 (b) deferred.................................................................................................................................. 20,967 30,008 Other assets................................................................................................................................... 496,866 348,768 Total assets.......................................................................................................... 20,992,583 18,330,487 Liabilities and Shareholders' Equity Due to banks ................................................................................................................................. 1,546,932 2,468,499 Due to customers .......................................................................................................................... 10,028,624 9,321,110 Securities issued............................................................................................................................ 7,277,284 4,310,267 Financial liabilities held for trading .............................................................................................. 106,579 69,198 Hedging derivatives ...................................................................................................................... 50,101 30,624 Tax liabilities:............................................................................................................................... 89,513 132,281 (a) current ................................................................................................................................... 48,918 35,380 (b) deferred.................................................................................................................................. 40,594 96,900 Other liabilities ............................................................................................................................. 594,394 706,894 Staff severance provisions ............................................................................................................ 64,922 69,998 Provisions for liabilities and charges: ........................................................................................... 21,561 24,777 (a) other provisions ..................................................................................................................... 21,561 24,777 Valuation reserve .......................................................................................................................... 17,935 33,829 Reserves........................................................................................................................................ 264,785 130,665 Share issue premium..................................................................................................................... 120,000 120,000 Share capital ................................................................................................................................. 593,300 593,300 Profit for the year.......................................................................................................................... 216,653 319,043 Total liabilities and shareholders' equity................................................................... 20,992,583 18,330,487 INCOME STATEMENT (In thousands of Euro) 31.12.2008 31.12.2007 Interest and similar income........................................................................................................... 1,124,744 897,214 Interest expense and similar.......................................................................................................... (611,727) (419,038) Net interest income ..................................................................................................................... 513,018 478,176 Commission income ..................................................................................................................... 207,825 240,086 Commission expenses................................................................................................................... (18,268) (21,006) Net commission income .............................................................................................................. 189,557 219,081 Dividend and similar income ........................................................................................................ 3,838 3,379 Net profit (loss) from trading........................................................................................................ 3,240 5,015 Net profit (loss) from hedging....................................................................................................... (8,738) (1,194) Profit (losses) from disposal or repurchase of:.............................................................................. 14,904 3,213 (a) loans ...................................................................................................................................... (38) — (b) Available-for-sale financial assets ......................................................................................... 13,873 918 (c) financial liabilities ................................................................................................................. 1,068 2,295 - 126 -
Prospectus (In thousands of Euro) 31.12.2008 31.12.2007 Gross income....................................................................................................... 715,819 707,669 Net impairment losses on.............................................................................................................. (74,651) (45,303) (a) loans ...................................................................................................................................... (70,490) (25,952) (b) Available-for-sale financial assets ......................................................................................... (6,432) (19,290) (c) other financial transactions ................................................................................................... 2,270 (61) Net financial operating income .................................................................................................. 641,168 662,367 Administrative expenses ............................................................................................................... (359,729) (376,223) (a) staff costs ............................................................................................................................... (182,954) (198,380) (b) other administrative expenses ................................................................................................ (176,774) (177,842) Net provisions for liabilities and charges ...................................................................................... (2,028) (4,322) Net impairment losses on property, plant and equipment.............................................................. (10,596) (9,864) Net impairment losses on intangible assets ................................................................................... (18) (18) Other operating income (expense) ................................................................................................ 45,649 52,996 Operating costs............................................................................................................................ (326,721) (337,431) Profits (losses) on disposal of investments.................................................................................... 1,044 883 Profit (loss) on continuing operations before tax...................................................................... 315,490 325,819 Taxes on income for the year for continuing operations ............................................................... (98,837) (136,924) After tax profit from continuing operations ............................................................................. 216,653 188,895 Profit after tax from discontinued operations................................................................................ — 130,148 Profit for the year ....................................................................................................................... 216,653 319,043 Banca Popolare Commercio e Industria S.p.A. Banca Popolare Commercio e Industria S.p.A. ("BPCI") was incorporated under the laws of Italy on 27 March 2003, and started its banking activities on 1 July 2003, as Network Bank of the former BPU Group. The contribution in kind of the branch business of former Banca Popolare Commercio e Industria Scrl (established in 1888) and Banca Popolare di Luino e di Varese S.p.A. (established in 1885) to the new Bank and the authorization released by the Governor of Bank of Italy to perform banking activities became effective on the same date. Pursuant to Article 3 of its by-Laws, the duration of the company is up to 31 December 2050 but it may be extended by the Extraordinary General Meeting of Shareholders. Its registered office is in Milan, via della Moscova 33, and its principal objects, as set out in Article 4 of its by-Laws, are deposit-taking and the carrying-out of all forms of lending activities. The Company may carry out, in addition to banking activities, all other financial activities in compliance with the discipline set out for each of them, including the purchase and management of equity investments and the establishment and management of supplementary pension programmes, either open or closed. Areas of activity – general Banca Popolare Commercio e Industria is one of the nine network banks of the UBI Group and carries on its business by maintaining a close relationship with its customers in the territory where it operates. The bank has a strong presence in Lombardy, the key geographical areas in which it operates, and has a distinctive capability in understanding and serving the requirements of the local economy in that area. It carries on its business with the support and services provided by its parent company directly or indirectly through its subsidiaries, UBI Banca, and offers and sells products and services developed at parent bank level. It has a sales model divided up according to market segment: Retail (predominant activity of the Bank), Corporate and Private. Because of the wide range of product companies within the UBI Group, Banca Popolare Commercio e Industria is able to offer services and products which are both customised and evolved over time, and which are aimed at satisfying the needs of different kinds of customers. Lending Composition of loans to customers (in thousands Euro) 31.12.2008 % 31.12.2007 % Current accounts ........................................................................................... 2,256,888 24.36 2,433,649 25.49 Mortgage loans and other medium to long-term financing............................ 4,108,561 44.35 3,759,262 39.37 Credit cards, personal loans and salary-backed loans.................................... 25,009 0.27 41,966 0.44 Other transactions ......................................................................................... 2,545,602 27.48 3,067,141 32.12 - 127 -
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Prospectus UNIONE DI BANCHE ITALIAN
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Prospectus Figures included in this
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Prospectus INFORMATION INCORPORATED
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Prospectus SUPPLEMENTS, FINAL TERMS
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Prospectus Structure Overview • P
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Prospectus on any Interest Payment
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Prospectus the Conditions and the D
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Prospectus deferral will occur auto
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Prospectus AAA Aaa AAA Governing La
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Prospectus Guarantee in respect of
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Prospectus of each individual Cover
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Prospectus Securitisation and Cover
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Prospectus securities. Generally, t
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Prospectus Catastrophic events, ter
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Prospectus Reliance on Swap Provide
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Prospectus There is no guarantee th
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Prospectus • the right to request
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Prospectus (e) Monte Titoli Mandate
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Prospectus "Calculation Agent" mean
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Prospectus "D 1 " is the first cale
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Prospectus (ii) (iii) (iv) (v) an a
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Prospectus "Optional Redemption Dat
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Prospectus "Relevant Dealer(s) " me
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Prospectus 4. Status and Guarantee
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Prospectus (d) ISDA Determination I
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Prospectus (b) Extension of maturit
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Prospectus Bondholder. Once deposit
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Prospectus withheld or assessed by
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Prospectus (v) Invalidity of the Co
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Prospectus all respects except for
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Prospectus 1. GENERAL RULES OF THE
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Prospectus "Voter" means, in relati
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Prospectus 5. VALIDITY OF BLOCK VOT
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Prospectus where applicable, modifi
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Prospectus 15.2 The Chairman and a
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Prospectus Removal and Remuneration
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Prospectus TITLE III THE REPRESENTA
Page 75 and 76: Prospectus 28.6 Discretions Save as
Page 77 and 78: Prospectus 29.2.16 shall not, if in
Page 79 and 80: Prospectus 30.7 Certificates of Par
Page 81 and 82: Prospectus 32.5 Notice of waiver If
Page 83 and 84: Prospectus FORM OF FINAL TERMS Set
Page 85 and 86: Prospectus [Instalment] [The Covere
Page 87 and 88: Prospectus (xv) Fall back provision
Page 89 and 90: Prospectus (i) Optional Redemption
Page 91 and 92: Prospectus These Final Terms compri
Page 93 and 94: Prospectus 5. [Fixed Rate Covered B
Page 95 and 96: Prospectus USE OF PROCEEDS The net
Page 97 and 98: Prospectus Calabria, Vibo Valentia,
Page 99 and 100: Prospectus (ix) a banking network o
Page 101 and 102: Prospectus The actual Supervisory B
Page 103 and 104: Prospectus Name Position Principal
Page 105 and 106: Prospectus The Supervisory Board al
Page 107 and 108: Prospectus General Management Name
Page 109 and 110: Prospectus approvals from CONSOB an
Page 111 and 112: Prospectus (thousands of Euro) UNIO
Page 113 and 114: Prospectus (thousands of Euro) UNIO
Page 115 and 116: Prospectus Defaulted and problem lo
Page 117 and 118: Prospectus Introduction THE GUARANT
Page 119 and 120: Prospectus Banca Popolare di Bergam
Page 121 and 122: Prospectus ( * ) Member of Executiv
Page 123 and 124: Prospectus Figures in thousands of
Page 125: Prospectus Name Franco Bossoni( * )
Page 129 and 130: Prospectus of the bank. In accordan
Page 131 and 132: Prospectus (In thousands of Euro) 3
Page 133 and 134: Prospectus Management Banca Regiona
Page 135 and 136: Prospectus INCOME STATEMENT (In tho
Page 137 and 138: Prospectus Detail of amounts due to
Page 141 and 142: Prospectus Funding Banca Carime's p
Page 145 and 146: Prospectus Funding Banca di Valle C
Page 149 and 150: Prospectus Direct funding from cust
Page 153 and 154: Prospectus Direct funding from cust
Page 157 and 158: Prospectus Loans to customers as at
Page 159 and 160: Prospectus Covered Bond Guarantee S
Page 161 and 162: Prospectus Master Loans Purchase Ag
Page 163 and 164: Prospectus Master Servicer shall al
Page 165 and 166: Prospectus receive instructions fro
Page 167 and 168: Prospectus notice substantially in
Page 169 and 170: Prospectus price reasonably availab
Page 171 and 172: Prospectus Rating Downgrade Event U
Page 173 and 174: Prospectus in the name and on behal
Page 175 and 176: Prospectus CREDIT STRUCTURE The Cov
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Prospectus "Z" stands for the weigh
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Prospectus "Z" stands for the weigh
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Prospectus Pre-Issuer Event of Defa
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Prospectus (f) (g) (h) (i) Sixth, t
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Prospectus • the payment of which
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Prospectus DESCRIPTION OF CERTAIN R
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Prospectus The issuing bank The Ban
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Prospectus and the Covered Bond Gua
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Prospectus Finally the Prepayment P
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Prospectus authorised intermediary,
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Prospectus Where an Italian residen
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Prospectus terminate at the end of
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Prospectus and (3) an annual net tu
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Prospectus Listing and Admission to
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Prospectus GLOSSARY "Accounts" mean
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Prospectus "Commercial Mortgage Loa
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Prospectus guarantee) by an entity
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Prospectus "Initial Portfolio" mean
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Prospectus "Luxembourg BdB Interest
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Prospectus "Post-Enforcement Priori
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Prospectus "Representative of the C
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Prospectus "Transfer Date" means: (
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Prospectus PRINCIPAL PAYING AGENT T
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Prospectus UBI Banca Covered Bond Programme

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