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Disclaimer

This document has been prepared by

Unione di Banche Italiane Scpa (“UBI”) for

informational purposes only and for use in

the presentation of September 2010.

It is not permitted to publish, transmit or

otherwise reproduce this document, in

whole or in part, in any format, to any third

party without the express written consent

of UBI and it is not permitted to alter,

manipulate, obscure or take out of context

any information set out in the document.

The information, opinions, estimates and

forecasts contained herein have not been

independently verified and are subject to

change without notice.

They have been obtained from, or are

based upon, sources we believe to be

reliable but UBI makes no representation

(either expressed or implied) or warranty

on their completeness, timeliness or

accuracy.

Nothing contained in this document or

expressed during the presentation

constitutes financial, legal, tax or other

advice, nor should any investment or any

other decision be solely based on this

document.

Page 2

This document does not constitute a

solicitation, offer, invitation or

recommendation to purchase, subscribe

or sell for any investment instruments, to

effect any transaction, or to conclude any

legal act of any kind whatsoever.

This document may contain statements

that are forward-looking: such statements

are based upon the current beliefs and

expectations of UBI and are subject to

significant risks and uncertainties. These

risks and uncertainties, many of which are

outside the control of UBI, could cause the

results of UBI to differ materially from

those set forth in such forward looking

statements.

Under no circumstances will UBI or its

affiliates, representatives, directors,

officers and employees have any liability

whatsoever (in negligence or otherwise)

for any loss or damage howsoever arising

from any use of this document or its

contents or otherwise arising in

connection with the document or the

above mentioned presentation.

For further information about the UBI

Group, please refer to publicly available

information, including Annual, Quarterly

and Interim Reports.

By receiving this document you agree to

be bound by the foregoing limitations.

Please be informed that some of the

managers of UBI involved in the drawing

up and in the presentation of data

contained in this document either

participated in a stock option plan and

were therefore assigned stock of the

company or possess stock of the bank

otherwise acquired. The disclosure

relating to shareholdings of top

management is available in the half year

and the annual reports.

Methodology

All data are as at 30th September

2010 unless otherwise stated.


Agenda

Page 3

UBI Banca Group

UBI Banca International Network

Contacts

Annex


Agenda

Page 4

UBI Banca Group

Background

UBI Banca and its Peers

Solid Ratings

Capital Ratios

Group Structure

Presence in Italy

Product Companies


Background

UBI Banca was created on April 1st 2007 following the merger of the BPU Group

and the Banca Lombarda e Piemontese Group

Birth of the BPU

Banca Group

from the integration

of BPB-CV and

BPCI

2003

2000

Acquisition of Banca

Regionale Europea

by Banca Lombarda.

The Group takes

the name of

Banca Lombarda

e Piemontese Group

Page 5

1st April 2007

Birth of UBI Banca

following

the merger of the

BPU Banca Group

and the

Banca Lombarda

e Piemontese Group

The Cooperative Banks

Given the cooperative nature of the activity

carried out, the corporate governance of Cooperative

Banks is based on principles aiming at:

Maintaining a broad shareholder base

Ensuring that all shareholders can equally

participate in the governance of the bank

The corporate governance system is focused

on the following key features:

the “one-person one-vote” principle, conferring

identical weight in decision making to any

shareholder,

the so-called “clausola di gradimento”, according

to which the banks’ Board can reject a shareholder if

he or she doesn’t meet specific requirements

(integrity, compliance to the cooperative spirit, etc)

defined in the company’s by-law,

the limitation to share ownership applied to

all shareholders excluding investment funds

the limitation imposed on proxy votes.

The said principles are equally applied

to listed and non-listed banks,

thus reducing significantly

the probability

for a Cooperative Bank to be a

target of a hostile takeover

The acquisition of a Cooperative Bank

by a non-Cooperative could be subject

to significant difficulties,

mainly due to the unique

legal status of these banks.


UBI Banca and its Peers

Total Assets as at 30th September 2010 (EUR bln)

Source: 9M 2010 press releases and presentations.

969

Unicredit

Group

No. Domestic Branches as at 30th September 2010

Source: 9M 2010 press releases and presentations.

Page 6

5,877

Intesa

San Paolo

677

Intesa

San Paolo

4,513

Unicredit

Group

243

Monte

dei Paschi

di Siena

2,980

Monte

dei Paschi

di Siena

Banco

Popolare

2,187

Banco

Popolare

5th

136 132

UBI

Banca

5th

1,899

UBI

Banca

58

Gruppo

BPER

1,297

Gruppo

BPER

52

Banca

Popolare

di Milano

782

Banca

Popolare

di Milano

Customer Loans as at 30th September 2010 (EUR bln)

Source: 9M 2010 press releases and presentations.

559

Unicredit

Group

Market Capitalization as at 10th January 2011 (EUR bln)

Source: “Il Sole 24 Ore” Italian financial newspaper - dated 11th January 2011.

28.9 24.6

Unicredit

Group

379

Intesa

San Paolo

Intesa

San Paolo

153

Monte

dei Paschi

di Siena

4.4

Monte

dei Paschi

di Siena

4th

101

UBI

Banca

4th

4.1

UBI

Banca

96

Banco

Popolare

2.3

Gruppo

BPER

47

Gruppo

BPER

2.1

Banco

Popolare

35

Banca

Popolare

di Milano

1.1

Banca

Popolare

di Milano


Solid Ratings

Page 7

STANDARD & POOR’S MOODY’S FITCH RATINGS

Short-term counterparty A-1

credit rating

Long-term counterparty A

credit rating

Outlook Negative

Long-term debt and A1

deposit rating

Short-term debt and Prime-1

deposit rating

Bank financial strength rating C

Baseline Credit Assessment A3

Outlook (deposit rating) Stable

Outlook Negative

(bank financial strength rating)

Short-term issuer F1

default rating

Long-term issuer A

default rating

Bank individual rating B/C

Support rating 2

Support rating floor BBB

Outlook for long-term issuer

default rating Stable

RATINGS ON ISSUES RATINGS ON ISSUES RATINGS ON ISSUES

Senior unsecured debt A

Subordinated debt A-

(Lower Tier II)

Preference shares BBB

French Certificats de Dépôt A-1

Programme

Senior unsecured LT A1

Lower Tier II subordinated A2

Preference shares Baa3

(BPB and BL)

Euro comm. paper Prime-1

programme

Covered bond Aaa

Senior unsecured debt A

Lower Tier II subordinated A-

Preference shares BBB+

Euro comm. paper programme F1

Covered bond AAA


Capital Ratios

Estimated Core Tier 1 at 7.56% at the end of September 2010

High quality capital (94% is Core Tier 1)

Solid capital ratios throughout the crisis: Core tier 1 higher than 7% in 2008, 2009 and 9M2010

Only one, amongst Italian larger banks, which didn't resort to extraordinary measures to enhance capital

regular distribution of dividend

no government help and no capital increase

Buffers for the adoption of Basel III in 2013

Page 8

30.09.2010

estimated

31.12.2009 30.09.2009

estimated

Core Tier 1 7.56% 7.43% 7.33%

Tier 1 8.08% 7.96% 7.86%

Total Capital Ratio 12.09% 11.91% 11.76%

Dividend (€ cent) Included pro quota 0.30% Included pro quota

Soft mandatory convertible bond amounting to 640 million euro expiry 2013 (presently representing over 70

bps of Core tier 1)

Adoption of advanced model end 2012: benefit currently prudently estimated in over 50 bps


Northern

Italy

Central

Italy

Southern

Italy

The Group Structure

UBI Banca provides management, co-ordination, control and supply of centralized services to the commercial banks (single IT System, centralised risk management,

centralised finance and treasury, commercial coordination, credit coordination, logistics, purchasing, on line banking, etc.).

Information on branches updated as at 31 st December 2010, ownership updated as at 30 th September 2010.

(1) moreover, 24.98% of capital held by Fondazione Cassa di Risparmio di Cuneo and the rest by minority shareholders;

(2) moreover, 8.69% of capital held by Aviva, 16.24% of capital held by Fondazione Banca del Monte di Lombardia and the rest by minority shareholders;

(3) and (4): the remaining capital held by minority shareholders

(5) moreover, 6.49% of capital held by Aviva and the rest by minority shareholders;

(6) moreover, 7.15% of capital held by Aviva and the rest by minority shareholders;

* branches outside Italy

Page 9

COMMERCIAL BANKS MAIN PRODUCT COMPANIES

365 BRANCHES

362 BRANCHES

226+3* BRANCHES

234 BRANCHES

64 BRANCHES

57 BRANCHES

248 BRANCHES

294 BRANCHES

31 BRANCHES

~ 850 FINANCIAL ADVISORS

100.00%

100.00%

74.94% (1)

75.08% (2)

82.96% (3)

93.46% (4)

92.89% (5)

92.83% (6)

100.00%

ASSET MANAGEMENT

CONSUMER CREDIT

CORPORATE BANKING

FACTORING

LEASING

NON-LIFE BANCASSURANCE

LIFE BANCASSURANCE

ON LINE TRADING

(partnership with Prudential US)

(partnership with BNP Paribas / Fortis)

Vita

(partnership with Aviva)

(partnership with Cattolica)


Presence in Italy

Introduction to the UBI Banca Group*:

Predominant Retail Business and Strong Northern Italian Franchise

Page 10

1

226

58

1,892 branches in Italy +

9 branches abroad

1

855

2

46

9

45

12

106

23

119

17

6

100

36

115

115

Extensive regional coverage and strong customer base

Approximately 4 million clients, mainly retail**.

1,892 branches in Italy and 9 abroad

19,867 staff (21,700 as at 1 st April 2007)

National market share of 5.6%*** in terms of branches.

855 branches in Lombardia with a market share in terms of

branches of 12.9%, and 226 branches in Piemonte with a

market share in terms of branches of 8.3%.

Market share greater than 10% in 19 Italian provinces.

High concentration of branches in key provinces like Milan

(approximately 10% of market share) and Rome (approx.

4% of market share).

* Figures as at 30 th September 2010, with the exception of branch

distribution updated as at 31 st December 2010

** 3.3 mln mass market (net worth < 50,000€)+ affluent customers (net

worth from 50,000€ to 500,000€), 400,000 small business customers

(turnover up to 5 million€), over 42,000 corporate customers ( turnover

higher than 5 million€), and approx. 63,000 Private Banking customers

(net worth higher than 500,000€)

*** All Market shares as at 30 th June 2010 (latest system data available)


Product Companies (1/2)

Data as at 30.09.2010

Page 11

Corporate and Investment Banking

Centrobanca is specialised in corporate and investment banking services.

It focuses on the mid-upper corporate segment and provides customers with

medium to long term financial services, investment banking services and hedging for

interest rate and foreign exchange risk.

~ 6.8 bln EUR in net Loans to Customers

Leasing

UBI Leasing offers its clients financing for asset acquisition such as: instrumental

leasing, real estate leasing, car leasing, aero naval leasing as well as specific

insurance and accessory services.

~ 9.8 bln EUR in net Loans to Customers

Factoring

UBI Factor offers highly specialized factoring services in support of the growth

of companies and public administrations. The company is in Milan with a capillar

structure across the national territory and also in Poland with its subsidiary in

Krakow. Since 1984 UBI Factor is part of the Factors Chain International network

which allows it to retain a presence in more than 50 countries and with more than 200

foreign partners.

~ 5.3 bln EUR Turnover; ~ 2.4 bln EUR net Loans to Customers


Product Companies (2/2)

Data as at 30.09.2010

Page 12

Asset Management

UBI Pramerica develops, manages, markets and distributes a wide range

of financial products and services dedicated to private customers and institutions. It

has been awarded various international prizes: “Grand Prix Eurofonds Best

Company” in the “16-25 funds category with fund class rating” in 2009.

“Best Mixed Asset EUR Conservative - Europe over 3 years” awarded by Lipper,

2009.

~ 32.5 bln EUR in Assets Under Management

Consumer Credit

B@nca 24-7 is the consumer credit company of the Group: it develops a full

range of lending products for households (eg. personal loans, mortgages, salary

backed loans, etc..) and is credit card issuer for the Group.

It has also agreements with non captive distribution networks.

~ 11.1 bln EUR in net Loans to Customers

Online Trading

IW Bank is a market leader in online trading in Italy with a strategy based on

three fundamental objectives: continuous product/service innovation, constant

development of technological platforms, professional support for the customer.

~ 5.6 mln number of transactions


Agenda

Page 13

UBI Banca International Network

International Network

Presence in the world

Foreign Banks


International Network

COMMERCIAL BANKS

FOREIGN BRANCHES

MENTON, NICE AND ANTIBES

(Banca Regionale Europea)

Page 14

UBI TRUSTEE SA

(Luxembourg)

Head office in Luxembourg

SUBSIDIARIES

FOREIGN BRANCHES

KRAKOW

(UBI Factor)

SHANGHAI

(Lombarda China Fund

Management company)

MADRID

MUNICH

FOREIGN BANKS

MOSCOW

MUMBAI

HONG KONG

BDG SINGAPORE

PRIVATE LTD

REPRESENTATIVE

OFFICES

Head office in Lausanne

SAO PAULO

SHANGHAI

VIENNA

(Regional Manager)

SUBSIDIARIES BRANCHES SUBSIDIARIES BRANCHES

LAUSANNE

LUGANO

GENEVA


Presence in the world

UBI Banca is present in Asia, Latin America and Europe

Page 15

Luxembourg

UBI Banca International

UBI Trustee SA

Antibes, Menton, Nice

Banca Regionale Europea

Branches

Madrid

UBI Banca International

Branch


Munich

UBI Banca International

Branch


�� � ���

São Paulo

Representative Office

Krakow

UBI Factor


Branch

Moscow

Representative Office

Vienna

Regional

Manager

Lausanne

Banque de Dépôts et de Gestion

(Branches in Lugano, Geneva)




Mumbai

Representative Office


Shanghai

• Representative Office

• Lombarda China Fund

Management Company

Hong Kong

Representative Office

Singapore

BDG Singapore Pte. Ltd


Foreign Banks

Foreign branches:

Madrid - Munich

Page 16

Qualified and specific services offered

to Corporate customers:

establishment of international companies;

international tax management;

trustee operations and corporate

financing;

payment services;

corporate and syndicated loans;

issuance of bonds and international

guarantees;

cash pooling;

factoring.

Services offered to Private

customers:

wealth management and investment

advisory;

heritage and personal wealth planning

with tailor made financial engineering

solutions;

investment Funds and Sicav;

financial and asset planning with

tailored engineering solutions;

term deposits in all major currencies,;

trading and safekeeping of securities on

all the major stock and bond markets;

spot and forward foreign exchange

transactions;

services for the establishment of Trust

Companies through UBI Trustee SA

based in Luxembourg.


Foreign Banks

Page 17

Established in Lausanne in 1933 and taken

over by the Group in 1994, It has a business

mainly focused on Private Banking.

It offers to its Private Clientele a wide range

of customized products and services

including investments, financial planning,

accounts, payments, lines of credit and

loans.

Since 2008 BDG owns BDG Singapore

Private Ltd., a Fund Management

Company in Singapore with a licence

obtained from the Singapore Monetary

Authority.

The company offers Wealth

Management services to High Net

Worth Individuals, Family Offices and

Institutional Investors.

Thanks to its strong experience in the

Region, BDG Singapore Private can also

assist in a customized fashion its clients

with regards to their needs in South-East

Asia and Oceania.


Agenda

Page 18

Contacts

UBI Banca Correspondent Banking

Representative Offices Contacts


UBI Banca Correspondent Banking

Alistair Newell

Head of Correspondent Banking

alistair.robert.newell@ubibanca.it

AUSTRALASIA

LATIN AMERICA

CARIBBEAN

Western Europe:

UK

IRELAND

Page 19

correspondent.banking@ubibanca.it

Federico Ferrari

Area Manager

federico.ferrari@ubibanca.it

ASIA

NORTH AMERICA

RUSSIA AND CIS COUNTRIES

Western Europe:

AUSTRIA

GERMANY

PORTUGAL

SWITZERLAND

SPAIN

Ernst Rolf Hartmann

Area Manager

ernst.rolf.hartmann@ubibanca.it

BALTIC COUNTRIES

BALKANS

EASTERN EUROPE

INDIA

BANGLADESH

PAKISTAN

SRI LANKA

MALDIVES

ISRAEL

MOLDOVA

Western Europe:

BELGIUM

NETHERLANDS

LUXEMBOURG

CYPRUS

GREECE

FRANCE

MALTA

DENMARK

GREENLAND (DK)

ICELAND

VATICAN CITY

Lorenzo Tassini

Area Manager

lorenzo.tassini@ubibanca.it

AFRICA

MIDDLE EAST

TURKEY


Representative Offices Contacts

HONG KONG

Mr Andrea Croci

hongkong@ubihk.com

Suite 2911, Shell Tower,

Times Square 1, Matheson St. -

Causeway Bay Hong Kong - S.A.R.

Tel. +852 2878 7393

Fax +852 2878 7932

MOSCOW

Mr Ferdinando Pelazzo

moscow@ubibanca.com

10, Nikolskaya str., 7 th floor,

Business Centre “Tretiakov Plaza”

109012 Moscow - Russia

Tel. +7 495 725 4466

Fax +7 495 725 4465

Page 20

MUMBAI

Ms Rajeshree Balsari

mumbai@ubibanca.com

92 Mittal Chambers, 9 th Floor,

Nariman Point,

400 021 Mumbai - India

Tel. +91 22 22023601

Fax +91 22 22023603

SAO PAULO

Mr Isidoro Guerrerio

saopaulo@ubibanca.com

Al. Ministro Rocha Azevedo,

456 Ed. Jaù - 4° And.Cj.402

CEP 01410-000 São Paulo -

Brazil

Tel. +55 11 3063 0454

Fax +55 11 3063 3785

Ms Lu Bo

SHANGHAI

office@ubibanca.sh.cn

802, 8 th Floor, Hotel Equatorial

Office Building 65, Yan’an Road W.

200040 Shanghai - China

Tel. +86 21 6249 0066

Fax +86 21 6249 1237

VIENNA (Regional Manager)

Ms Annick Stockert

annick.stockert@ubibanca.it

Renngasse 10

1013 Wien- Austria

Tel. +43 1 531 354498

Cell. +43 676 93 77224


Agenda

Page 21

Annex

Group Results

Group BIC codes


Group Results

Page 22

Balance sheet in million euro 9M2010 Change

9M10/9M09

Loans to customers 101,195 4.8%

Direct funding 103,876 8.7%

Indirect funding (AuM + AuC) 79,036 0.7%

Total assets 131,744 7.7%

Loans to customers / total assets 76.8%

Income statement in million euro 9M2010 Chance

9M10/9M09

Net Interest income 1,594 -13.5%

Net commissions 872 -1.3%

Operating income 2,586 -12.3%

Staff costs (1,107) -1.1%

Staff costs net of non recurring items (1,074) -4.0%

Other administrative expenses (568) 1.9%

D&A (183) 5.5%

Operating costs (1,859) 0.5%

Operating costs net of non recurring items (1,826) -1.3%

Net operating income 727 -33.7%

Net impairment losses on loans (456) -23.1%

Net profit for the period 198 5.6%

Economic results

as at 30 September 2010 vs 30 September 2009

Growth in Loans: market share up from 6.12% in Sept. 2009 to 6.24% in

September 2010.

Focus on traditional banking business (approx. 77% of total assets are

represented by loans to customers).

Funding plan on institutional markets for 2010 already completed.

Total Indirect funding stable, with YoY increase in AuM (+3.4%) and

decrease in AuC (-3.2%).

Strong improvement in NII in 3Q2010, benefiting from the first effects of

support manoeuvres put in place at the end of 2Q2010 (progressive

repricing of spreads and investment in Italian Government bonds).

NII expected to improve further in 4Q2010.

Commission income virtually in line with September 2009.

Net of one off costs related to Trade Union Agreement signed in May

2010 (33.2 million euro), staff costs are down YoY (-4%). Out of 900 exits

agreed in May, 500 resources have left the Group within 30 September

2010. First savings expected in 4Q2010, and 70 mln at regime in 2011.

Improvement in net impairment losses on loans, down to 60 bps in the

first 9 months of the year versus 82 in the same period in 2009.


Group BIC codes

Page 23

� BIC ACTIVE

� BIC NON ACTIVE

BLOPIT22

CABI LU LL

BEPOIT21

BCABIT21

BREUITM1

POCIITM1

BPAMIT31

CARMIT31

BVCAIT21

BPGGITG1

BLPIIT21

UBIB ES MM

BEPO DE MM

Madrid Branch

Munich Branch

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