Prospectus UBI Banca Covered Bond Programme

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Prospectus Name Giovanni Luigi Maria Boffelli ............................................................................................................................. Nicola Vito Notarnicola....................................................................................................................................... Position Alternate Auditor Alternate Auditor General Management Name Raffaele Avantaggiato ......................................................................................................................................... Sergio Passoni...................................................................................................................................................... Position General Manager Deputy General Manager Auditors The current independent auditors of Banca Carime are KPMG S.p.A., who have been appointed to audit the bank's financial statements for a period ending 31 December 2013. Subsidiaries and associated companies Banca Carime has a 4 per cent. stake in UBI Sistemi e Servizi S.c.p.A. and no other significant shareholdings in other companies. Share capital and shareholders As at 31 December 2008, Banca Carime had an issued and fully paid-up share capital of Euro1,468,208,505.92 consisting of 1,411,738,948 ordinary shares with a nominal value of Euro1.04 each. Banca Carime's shares are unlisted and are 85.8289 per cent. owned by UBI Banca, 14.1478 per cent. by Aviva S.p.A. and the remaining part by minority shareholders. Employees As at 31 December 2008, Banca Carime had 2,475 employees, compared to 2,587 employees as at the previous year end. Financial information The following tables set out non-consolidated balance sheet and income statement information relating to Banca Carime. Such information is derived from the separate financial statements of Banca Carime as at and for the years ended 31 December 2008 and 2007, which are publicly available (in Italian only) on the website of Banca Carime (www.carime.it). The financial statements of Banca Carime are prepared in accordance with IFRS. BALANCE SHEET (In thousands of Euro) 31.12.2008 31.12.2007 Assets Cash and cash equivalents.......................................................................................................................... 85,468 103,275 Financial assets held for trading................................................................................................................. 1,277 30,475 Available-for-sale financial assets ............................................................................................................. 12,848 7,371 Loans to Banks .......................................................................................................................................... 4,795,403 4,467,333 Loans to customers .................................................................................................................................... 4,203,108 3,955,536 Hedging derivatives ................................................................................................................................... 23,917 15,920 Fair value change of hedged financial assets (+/-) ..................................................................................... (285) — Equity investments..................................................................................................................................... 1,565 — Property, plant and equipment ................................................................................................................... 171,478 170,500 Intangible assets......................................................................................................................................... 662,931 662,931 of which goodwill:...................................................................................................................................... 662,931 662,931 Tax assets................................................................................................................................................... 86,627 34,774 (a) current ................................................................................................................................................ 51,519 10,001 (b) deferred............................................................................................................................................... 35,109 24,773 Other assets................................................................................................................................................ 303,100 206,807 Total assets ............................................................................................................................................... 10,347,438 9,654,921 Liabilities and Shareholders' equity Due to banks .............................................................................................................................................. 109,877 41,707 Due to customers ....................................................................................................................................... 4,859,931 4,787,203 Securities in issue....................................................................................................................................... 3,154,611 2,680,924 Financial liabilities held for trading ........................................................................................................... 1,274 30,034 Hedging derivatives ................................................................................................................................... 5,245 14,418 - 142 -
Prospectus (In thousands of Euro) 31.12.2008 31.12.2007 Tax liabilities:............................................................................................................................................ 94,733 67,671 (a) current ................................................................................................................................................ 62,828 13,280 (b) deferred............................................................................................................................................... 31,906 54,391 Other liabilities .......................................................................................................................................... 297,898 257,537 Staff severance provisions ......................................................................................................................... 73,334 81,059 Provisions for liabilities and charges: ........................................................................................................ 89,727 89,502 (a) severance and similar obligations....................................................................................................... 55,227 57,460 (b) other provisions .................................................................................................................................. 34,500 32,041 Valuation reserve ....................................................................................................................................... 360 3,522 Reserves..................................................................................................................................................... 73,949 67,273 Capital ....................................................................................................................................................... 1,468,209 1,468,209 Profit for the year....................................................................................................................................... 118,292 65,861 Total liabilities and shareholders' equity ............................................................................................... 10,347,438 9,654,921 INCOME STATEMENT (In thousands of Euro) 31.12.2008 31.12.2007 Interest and similar income........................................................................................................................ 515,654 436,313 Interest expense and similar....................................................................................................................... (172,631) (132,872) Net interest income .................................................................................................................................. 343,023 303,441 Commission income .................................................................................................................................. 125,666 128,597 Commission expenses................................................................................................................................ (3,551) (4,965) Net commission income ........................................................................................................................... 122,115 123,631 Dividends and similar income.................................................................................................................... 128 6,638 Net profit (loss) from trading..................................................................................................................... 1,126 (13,060) Net profit (loss) from hedging.................................................................................................................... 3,852 336 Profit (losses) from disposal or repurchase of:........................................................................................... 2,538 (1,126) (a) loans ................................................................................................................................................... — (1,541) (b) Available-for-sale financial assets ...................................................................................................... 1,163 — (c) financial liabilities .............................................................................................................................. 1,375 414 Gross income ............................................................................................................................................ 472,781 419,861 Net impairment losses on:.......................................................................................................................... (19,907) (13,404) (a) loans ................................................................................................................................................... (20,169) (12,465) (b) Available-for-sale financial assets ...................................................................................................... (57) (654) (c) other financial transactions ................................................................................................................ 319 (286) Net financial operating income ............................................................................................................... 452,874 406,456 Administrative expenses ............................................................................................................................ (300,781) (330,506) (a) staff costs ............................................................................................................................................ (170,364) (204,645) (b) other administrative expenses ............................................................................................................. (130,418) (125,862) Net provisions for liabilities and charges ................................................................................................... (5,105) (2,189) Net impairment losses on property, plan and equipment............................................................................ (12,504) (12,674) Other operating income (expense) ............................................................................................................. 20,202 22,583 Operating costs......................................................................................................................................... (298,188) (322,786) Impairment losses on goodwill .................................................................................................................. — (136) Profit (loss) on disposal of investments ..................................................................................................... — 58 Profit (loss) from continuing operations before tax............................................................................... 154,686 83,592 Tax on income for the year for continuing operations................................................................................ (36,240) (35,381) After tax profit from continuing operations .......................................................................................... 118,446 48,211 Profit after tax from disposal groups held for sale...................................................................................... (154) 17,650 Profit for the year .................................................................................................................................... 118,292 65,861 Banca di Valle Camonica S.p.A. Banca di Valle Camonica S.p.A. ("Banca di Valle Camonica") was created in 1872. In 1963 it was acquired by Banca San Paolo di Brescia, which in 1998 changed its name into Banca Lombarda following its merger with Credito Agrario Bresciano. In April 2007, Banca di Valle Camonica became one of the network banks of the UBI Group. 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 Breno (Brescia), - 143 -
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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
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Prospectus 29.2.16 shall not, if in
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Prospectus 30.7 Certificates of Par
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Prospectus 32.5 Notice of waiver If
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Prospectus FORM OF FINAL TERMS Set
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Prospectus [Instalment] [The Covere
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Prospectus (xv) Fall back provision
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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 and 128: Prospectus (In thousands of Euro) 3
Page 129 and 130: Prospectus of the bank. In accordan
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: 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
Page 177 and 178: Prospectus "Z" stands for the weigh
Page 179 and 180: Prospectus "Z" stands for the weigh
Page 181 and 182: Prospectus Pre-Issuer Event of Defa
Page 183 and 184: Prospectus (f) (g) (h) (i) Sixth, t
Page 185 and 186: Prospectus • the payment of which
Page 187 and 188: Prospectus DESCRIPTION OF CERTAIN R
Page 189 and 190: Prospectus The issuing bank The Ban
Page 191 and 192: 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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