Prospectus UBI Banca Covered Bond Programme

Prospectus
Composition of loans to customers
(in thousands Euro) 31.12.2008 % 31.12.2007 %
Impaired assets.............................................................................................. 326,856 3.53 246,743 2.58
TOTAL ........................................................................................................ 9,262,916 100.00 9,548,761 100.00
Residential mortgages represent 31.0 per cent. of the item "Mortgage loans and other medium to long-term
financing".
Defaulted and problem loans
The following table shows a breakdown of the Bank's loans as at 31 December 2008 and 2007.
Loans to customers as at 31 December 2008
(In thousand Euro)
Gross
exposure %
Total net
impairment
losses
Net
exposure %
Deteriorated loans..................................................................... 531,927 5.57 (205,071) 326,856 3.53
Non-performing loans................................................................. 306,000 3.21 (161,088) 144,912 1.56
Impaired loans ............................................................................ 201,416 2.11 (36,957) 164,459 1.78
Restructured loans....................................................................... 20,372 0.21 (6,782) 13,590 0.15
Past due loans ............................................................................. 4,139 0.04 (244) 3,895 0.04
Performing loans....................................................................... 9,011,893 94.43 (75,833) 8,936,060 96.47
of which: Unguaranteed loans to countries at risk...................... 112 0.00 (6) 106 0.00
TOTAL ...................................................................................... 9,543,820 100.00 (280,904) 9,262,916 100.00
Loans to customers as at 31 December 2007
(In thousand Euro)
Gross
exposure %
Total net
impairment
losses
Net
exposure %
Deteriorated loans.................................................................... 401,898 4.11 (155,155) 246,743 2.58
Non-performing loans................................................................ 250,798 2.57 (128,330) 122,468 1.28
Impaired loans ........................................................................... 115,428 1.18 (19,490) 95,938 1.00
Restructured loans...................................................................... 20,916 0.21 (6,869) 14,047 0.15
Past due loans ............................................................................ 14,756 0.15 (466) 14,290 0.15
Performing loans...................................................................... 9,370,320 95.89 (68,302) 9,302,018 97.42
of which: Unguaranteed loans to countries at risk..................... 307 0.00 (21) 286 0.00
TOTAL ..................................................................................... 9,772,218 100.00 (223,457) 9,548,761 100.00
Funding
The following table presents the sources of the Bank's funding from customers as at 31 December 2008 and
2007.
Direct funding from customers
(in thousand Euro) 31.12.2008 % 31.12.2007 %
Due to customers ................................................................................................ 6,747,028 72.15 6,063,288 75.70
Securities in issue................................................................................................ 2,604,504 27.85 1,946,172 24.30
TOTAL .............................................................................................................. 9,351,532 100.00 8,009,460 100.00
Detail of amounts due to customers
Figures in thousands of Euro 31.12.2008 % 31.12.2007 %
Current accounts and deposits............................................................................ 5,359,510 79.44 4,950,766 81.65
Time deposits..................................................................................................... 6,285 0.09 3 0.00
Financing ........................................................................................................... 1,328,569 19.69 1,032,292 17.03
(a) Financial leasing ........................................................................................ 1,909 0.03 2,361 0.04
(b) Other........................................................................................................... 1,326,660 19.66 1,029,931 16.99
Other payables ................................................................................................... 52,664 0.78 80,227 1.32
TOTAL ............................................................................................................. 6,747,028 100.00 6,063,288 100.00
Management
Banca Popolare Commercio e Industria is managed by the Board of Directors, appointed by the General Meeting
of Shareholders. The Board of Directors appoints the General Manager, who manages the day-to-day operations
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