Prospectus UBI Banca Covered Bond Programme

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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 - 128 -
Prospectus of the bank. In accordance with the by-Laws of Banca Popolare Commercio e Industria, the Board of Directors has also set up an Executive Committee, to which it has delegated certain powers. In addition, Banca Popolare Commercio e Industria is required to have a Board of Statutory Auditors, who verify that the company complies with applicable laws and its By-Laws, and the principles of correct administration, and that it maintains an organisational structure, internal controls and administrative and accounting systems. Board of Directors The Board of Directors of Banca Popolare Commercio e Industria consists of between nine and sixteen members and is currently composed of the following persons: Name Antonio Bulgheroni( * )......................................................................................................................................... Mario Cera ( * ) ..................................................................................................................................................... Gregorio Magnetti( * )........................................................................................................................................... Giampiero Auletta Armenise( * ) .......................................................................................................................... Cesare Brugola.................................................................................................................................................... Massimo Maria Cremona.................................................................................................................................... Alberto Cazzani .................................................................................................................................................. Giovanni Iudica .................................................................................................................................................. Paolo Alberto Lamberti( * )................................................................................................................................... Roberto Moroni .................................................................................................................................................. Domenico Palmieri( * ) ......................................................................................................................................... Carlo Porcari( * )................................................................................................................................................... Felice Scalvini .................................................................................................................................................... Marino Augusto Vago......................................................................................................................................... Germano Volpi ................................................................................................................................................... Position Chairman Deputy Chairman Deputy Chairman Director Director Director Director Director Director Director Director Director Director Director Director ( * ) Member of Executive Committee. The present Board of Directors has been appointed for a term of office expiring at the shareholders' meeting convened to approve the annual financial statements of Banca Popolare Commercio e Industria as at and for the year ending 31 December 2010. Board of Statutory Auditors The following table sets out the current members of the Board of Statutory Auditors. Name Ramiro Tettamanti ................................................................................................................................................ Giovanni Luigi Boffelli......................................................................................................................................... Adelmo Paganini .................................................................................................................................................. Luigi Jemoli.......................................................................................................................................................... Giovanni Martinelli............................................................................................................................................... Position Chairman Acting Auditor Acting Auditor Alternate Auditor Alternate Auditor General Management Name Domenico Guidi.................................................................................................................................................... Francesco Tuccari................................................................................................................................................. Ivan Isaia Gotti ..................................................................................................................................................... Position General Manager Joint General Manager Deputy General Manager Auditors The current independent auditors of Banca Popolare Commercio e Industria are KPMG S.p.A., who have been appointed to audit the bank's financial statements for a period ending 31 December 2014. Subsidiaries and associated companies Banca Popolare Commercio e Industria has a 4 per cent. stake in UBI Sistemi e Servizi S.c.p.A.; it has no subsidiaries and no other significant shareholdings in other companies. Share capital and shareholders As at 31 December 2008, Banca Popolare Commercio e Industria had an issued and fully paid-up share capital of Euro682,500,000 consisting of 650,000,000 ordinary shares with a nominal value of Euro1.05 each. - 129 -
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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
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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 and 126: Prospectus Name Franco Bossoni( * )
Page 127: Prospectus (In thousands of Euro) 3
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 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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