Prospectus UBI Banca Covered Bond Programme

More documents

Recommendations

Info

Prospectus General Management Name Eraldo Menconi ........................................................................................................................................... Pietro Tosana ............................................................................................................................................... Position General Manager Deputy General Manager Auditors The current independent auditors of Banca di Valle Camonica are KPMG S.p.A., who have been appointed to audit the bank's financial statements for a period ending 31 December 2015. Subsidiaries and associated companies Banca di Valle Camonica has a 2 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 di Valle Camonica had an issued and fully paid-up share capital of Euro2,738,693.00 consisting of 2,738,693 ordinary shares with a nominal value of Euro1.00 each. Banca di Valle Camonica's shares are unlisted and are 82.96 per cent. owned by UBI Banca. Employees As at 31 December 2008, Banca di Valle Camonica had 341 employees, compared to 357 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 di Valle Camonica. Such information is derived from the separate financial statements of Banca di Valle Camonica as at and for the years ended 31 December 2008 and 2007, which are publicly available (in Italian only) on the website of Banca di Valle Camonica (www.bancavalle.it). The financial statements of Banca di Valle Camonica are prepared in accordance with IFRS. BALANCE SHEET (In thousands of Euro) 31.12.2008 31.12.2007 Assets Cash and cash equivalents....................................................................................................................... 17,527 13,992 Financial assets held for trading.............................................................................................................. 5,354 6,467 Available-for-sale financial assets .......................................................................................................... 2,576 — Loans to Banks ....................................................................................................................................... 561,242 282,361 Loans to customers ................................................................................................................................. 1,796,587 1,652,377 Hedging derivatives ................................................................................................................................ 11,098 7,876 Fair value change of hedged financial assets (+/-) .................................................................................. 2,085 — Equity investments.................................................................................................................................. 783 — Property, plant and equipment ................................................................................................................ 26,152 21,820 Intangible assets...................................................................................................................................... 6,899 6,899 of which goodwill: .................................................................................................................................. 6,899 6,899 Tax assets................................................................................................................................................ 5,586 6,691 (a) current ............................................................................................................................................. 2,934 2,699 (b) deferred............................................................................................................................................ 2,652 3,992 Other assets............................................................................................................................................. 21,446 21,219 Total assets ............................................................................................................................................ 2,457,334 2,019,702 Liabilities and Shareholders' equity Due to banks ........................................................................................................................................... 164,406 352,224 Due to customers .................................................................................................................................... 1,205,266 1,009,957 Securities in issue.................................................................................................................................... 866,850 442,849 Financial liabilities held for trading ........................................................................................................ 6,081 3,938 Hedging derivatives ................................................................................................................................ 3,900 4,621 Tax liabilities:......................................................................................................................................... 7,379 12,411 (a) current ............................................................................................................................................. 6,005 4,257 (b) deferred............................................................................................................................................ 1,374 8,154 Other liabilities ....................................................................................................................................... 64,888 62,185 - 146 -
Prospectus (In thousands of Euro) 31.12.2008 31.12.2007 Staff severance provisions ...................................................................................................................... 7,456 7,710 Provisions for liabilities and charges: ..................................................................................................... 3,046 2,011 (a) other provisions ............................................................................................................................... 3,046 2,011 Valuation reserve .................................................................................................................................... 12,138 12,457 Reserves.................................................................................................................................................. 60,629 55,334 Share issue premiums ............................................................................................................................. 27,895 27,895 Capital .................................................................................................................................................... 2,739 2,739 Profit for the year.................................................................................................................................... 24,660 23,373 Total liabilities and shareholders' equity ............................................................................................ 2,457,334 2,019,702 INCOME STATEMENT (In thousands of Euro) 31.12.2008 31.12.2007 Interest and similar income..................................................................................................................... 142,718 105,363 Interest expense and similar.................................................................................................................... (75,246) (44,472) Net interest income ............................................................................................................................... 67,472 60,892 Commission income ............................................................................................................................... 19,500 21,228 Commission expenses............................................................................................................................. (1,463) (1,888) Net commission income ........................................................................................................................ 18,036 19,340 Net profit (loss) from trading activities................................................................................................... (801) 440 Net profit (loss) from hedging activities ................................................................................................. (1,390) (249) Profit (losses) from disposal or repurchase of:........................................................................................ 115 275 (a) financial liabilities ........................................................................................................................... 115 275 Gross income ......................................................................................................................................... 83,432 80,698 Net impairment losses on:....................................................................................................................... (4,719) (196) (a) loans ................................................................................................................................................ (5,209) 175 (b) other financial transactions ............................................................................................................. 490 (371) Net financial operating income ............................................................................................................ 78,714 80,503 Administrative expenses ......................................................................................................................... (47,208) (46,951) (a) staff costs ......................................................................................................................................... (23,635) (23,744) (b) other administrative expenses .......................................................................................................... (23,573) (23,207) Net provisions for liabilities and charges ................................................................................................ (1,038) (220) Net impairment losses on property, plan and equipment......................................................................... (1,741) (1,340) Other operating income (expense) .......................................................................................................... 5,792 5,683 Operating costs...................................................................................................................................... (44,195) (42,829) Profit (loss) from continuing operations before tax............................................................................ 34,519 37,674 Taxes on income for the year for continuing operations ......................................................................... (9,858) (14,301) Profit (loss) from continuing operations after tax .............................................................................. 24,660 23,373 Profit (loss) for the period .................................................................................................................... 24,660 23,373 Banco di San Giorgio S.p.A. Banco di San Giorgio S.p.A. ("Banco di San Giorgio") was created in 1987 as a co-operative bank. In 1992 it became a Joint-Stock company and it was acquired by Credito Agrario Bresciano, which in 1998 changed its name into Banca Lombarda following its merger with Banca San Paolo di Brescia. In April 2007, Banco di San Giorgio became one of the network banks of the UBI Group. Pursuant to Article 2 of its by-Laws, the duration of the company is up to 31 December 2050 but it may be extended. Its registered office is in Genova, Via Ceccardi 1, 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. For such purposes, it may, subject to compliance with legislation in force and obtaining the required authorisations, perform both in Italy and abroad any transactions or banking or financial services, together with any other activity incidental to or in any way connected with the achievement of its corporate objects, including the purchase of equity investments. Areas of activity – general Banco di San Giorgio 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 is mainly present in Liguria and has a distinctive capability in understanding and serving the requirements of the local economy in - 147 -
Page 1 and 2:
Prospectus UNIONE DI BANCHE ITALIAN
Page 3 and 4:
Prospectus Figures included in this
Page 5 and 6:
Prospectus INFORMATION INCORPORATED
Page 7 and 8:
Prospectus SUPPLEMENTS, FINAL TERMS
Page 9 and 10:
Prospectus Structure Overview • P
Page 11 and 12:
Prospectus on any Interest Payment
Page 13 and 14:
Prospectus the Conditions and the D
Page 15 and 16:
Prospectus deferral will occur auto
Page 17 and 18:
Prospectus AAA Aaa AAA Governing La
Page 19 and 20:
Prospectus Guarantee in respect of
Page 21 and 22:
Prospectus of each individual Cover
Page 23 and 24:
Prospectus Securitisation and Cover
Page 25 and 26:
Prospectus securities. Generally, t
Page 27 and 28:
Prospectus Catastrophic events, ter
Page 29 and 30:
Prospectus Reliance on Swap Provide
Page 31 and 32:
Prospectus There is no guarantee th
Page 33 and 34:
Prospectus • the right to request
Page 35 and 36:
Prospectus (e) Monte Titoli Mandate
Page 37 and 38:
Prospectus "Calculation Agent" mean
Page 39 and 40:
Prospectus "D 1 " is the first cale
Page 41 and 42:
Prospectus (ii) (iii) (iv) (v) an a
Page 43 and 44:
Prospectus "Optional Redemption Dat
Page 45 and 46:
Prospectus "Relevant Dealer(s) " me
Page 47 and 48:
Prospectus 4. Status and Guarantee
Page 49 and 50:
Prospectus (d) ISDA Determination I
Page 51 and 52:
Prospectus (b) Extension of maturit
Page 53 and 54:
Prospectus Bondholder. Once deposit
Page 55 and 56:
Prospectus withheld or assessed by
Page 57 and 58:
Prospectus (v) Invalidity of the Co
Page 59 and 60:
Prospectus all respects except for
Page 61 and 62:
Prospectus 1. GENERAL RULES OF THE
Page 63 and 64:
Prospectus "Voter" means, in relati
Page 65 and 66:
Prospectus 5. VALIDITY OF BLOCK VOT
Page 67 and 68:
Prospectus where applicable, modifi
Page 69 and 70:
Prospectus 15.2 The Chairman and a
Page 71 and 72:
Prospectus Removal and Remuneration
Page 73 and 74:
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 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 and 142: Prospectus Funding Banca Carime's p
Page 145: 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
Page 193 and 194: Prospectus Finally the Prepayment P
Page 195 and 196: Prospectus authorised intermediary,
Page 197 and 198:
Prospectus Where an Italian residen
Page 199 and 200:
Prospectus terminate at the end of
Page 201 and 202:
Prospectus and (3) an annual net tu
Page 203 and 204:
Prospectus Listing and Admission to
Page 205 and 206:
Prospectus GLOSSARY "Accounts" mean
Page 207 and 208:
Prospectus "Commercial Mortgage Loa
Page 209 and 210:
Prospectus guarantee) by an entity
Page 211 and 212:
Prospectus "Initial Portfolio" mean
Page 213 and 214:
Prospectus "Luxembourg BdB Interest
Page 215 and 216:
Prospectus "Post-Enforcement Priori
Page 217 and 218:
Prospectus "Representative of the C
Page 219 and 220:
Prospectus "Transfer Date" means: (
Page 221:
Prospectus PRINCIPAL PAYING AGENT T
show all

Prospectus UBI Banca Covered Bond Programme

Create successful ePaper yourself

Delete template?

Save as template?