Prospectus UBI Banca Covered Bond Programme

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Prospectus that area. It carries on its business with the support and services provided directly or indirectly through its subsidiaries by its parent company, 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, Corporate and Private. Because of the wide range of product companies within the UBI Group, Banco di San Giorgio 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 The following table shows the lending of Banco di San Giorgio as at 31 December 2008 and 2007, broken down according to the type of loan. Types of loans (In thousands of Euro) 31.12.2008 % 31.12.2007 % Current accounts ..................................................................................................... 301,194 14.81 265,696 15.54 Mortgage loans and other medium to long-term financing...................................... 1,400,783 68.87 1,157,225 67.68 Credit cards, personal loans and salary-backed loans.............................................. 12,876 0.63 17,460 1.02 Other transactions ................................................................................................... 269,332 13.24 226,506 13.25 Impaired assets........................................................................................................ 49,622 2.44 42,844 2.51 TOTAL .................................................................................................................. 2,033,807 100.00 1,709,731 100.00 Residential mortgages represent approximately 27.3 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 Banco di San Giorgio'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........................................................................... 65,461 3.18 (15,839) 49,622 2.44 Non-performing loans....................................................................... 37,292 1.81 (12,930) 24,362 1.20 Impaired loans .................................................................................. 23,390 1.14 (2,712) 20,678 1.02 Restructured loans............................................................................. — 0.00 — — 0.00 Past due loans ................................................................................... 4,779 0.23 (197) 4,582 0.23 Performing loans............................................................................. 1,993,338 96.82 (9,153) 1,984,185 97.56 TOTAL ............................................................................................ 2,058,799 100.00 (24,992) 2,033,807 100.00 Loans to customers as at 31 December 2007 (In thousand Euro) Gross exposure % Total net impairment losses Net exposure % Deteriorated loans........................................................................... 57,577 3.33 (14,733) 42,844 2.51 Non-performing loans....................................................................... 32,365 1.87 (12,678) 19,687 1.15 Impaired loans .................................................................................. 18,199 1.05 (1,899) 16,300 0.95 Restructured loans............................................................................. — 0.00 — — 0.00 Past due loans ................................................................................... 7,013 0.41 (156) 6,857 0.40 Performing loans............................................................................. 1,673,167 96.67 (6,280) 1,666,887 97.49 TOTAL ............................................................................................ 1,730,744 100.00 (21,013) 1,709,731 100.00 Funding Banco di San Giorgio's principal sources of funding are as follows: Direct funding from customers Figures in thousands of Euro 31.12.2008 % 31.12.2007 % Due to customers .................................................................................................... 751,509 39.95 497,640 53.57 Securities in issue.................................................................................................... 1,129,484 60.05 431,383 46.43 TOTAL .................................................................................................................. 1,880,992 100.00 929,023 100.00 - 148 -
Prospectus Direct funding from customers 31.12.2008 % 31.12.2007 % Current accounts and deposits................................................................................. 630,885 83.95 467,529 93.95 Time deposits.......................................................................................................... 1,248 0.17 71 0.01 Financing ................................................................................................................ 118,646 15.79 29,304 5.89 Financial leasing ..................................................................................................... — 0.00 — 0.00 Other....................................................................................................................... 118,646 15.79 29,304 5.89 Other payables ........................................................................................................ 730 0.10 736 0.15 TOTAL .................................................................................................................. 751,509 100.00 497,640 100.00 Management Banco di San Giorgio 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 of the bank. In accordance with the by-Laws of Banco di San Giorgio, the Board of Directors has also set up an Executive Committee, to which it has delegated certain powers. In addition, Banco di San Giorgio 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 adequate organisational structure, internal controls and administrative and accounting systems. Board of Directors The Board of Directors of Banco di San Giorgio consists of between nine and fourteen members and is currently composed of the following persons: Name Riccardo Garrone( * ) .............................................................................................................................................. Eugenio Benvenuto( * ) ........................................................................................................................................... Lorenzo Acquarone............................................................................................................................................... Alberto Alberti( * ).................................................................................................................................................. Adriano Filippo Calvini ........................................................................................................................................ Paolo Corradi........................................................................................................................................................ Andrea D'Angelo .................................................................................................................................................. Piero Aldo Fenoglio............................................................................................................................................. Luigi Luzzati......................................................................................................................................................... Marco Macciò....................................................................................................................................................... Enzo Papi.............................................................................................................................................................. Fernando Roaro( * )................................................................................................................................................. Guido Testa( * )....................................................................................................................................................... ___________________ ( * ) Member of Executive Committee. Position Chairman Deputy Chairman Director Director Director Director Director Director Director Director Director Director Director 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 Banco di San Giorgio as at and for the year ending 31 December 2011. Board of Statutory Auditors The following table sets out the current members of the Board of Statutory Auditors. Name Filippo Rovetta ..................................................................................................................................................... Giovanni Ciurlo .................................................................................................................................................... Filippo Delfino...................................................................................................................................................... Paolo Golia ........................................................................................................................................................... Sergio Comincioli................................................................................................................................................. Position Chairman Acting Auditor Acting Auditor Alternate Auditor Alternate Auditor General Management Name Roberto Tonizzo ................................................................................................................................................... Sergio Mori........................................................................................................................................................... Position General Manager Deputy General Manager - 149 -
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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
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Prospectus These Final Terms compri
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Prospectus 5. [Fixed Rate Covered B
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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 and 146: Prospectus Funding Banca di Valle C
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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
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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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