996 - Banca Antonveneta

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2. Distribution of financial liabilities by sectorExposure/CounterpartyGovernmentand centralbanksOther publicinstitutionsFinancialcompaniesInsurancecompaniesNon-financialcompaniesOther subjects1. Due to customers 46,356 324,927 1,185,104 478,024 4,168,296 13,627,8122. Short-term securities - 142 647,657 187,131 56,225 4,438,2323. Financial liabilities held for trading - - 38,030 1,410 82,773 161,1954. Financial liabilities designated at fair value - - - - - -31.12.2007 46,356 325,069 1,870,791 666,565 4,307,294 18,227,23931.12.2006 63,190 378,430 1,838,608 957,866 4,348,486 18,882,1383. National distribution of financial liabilitiesExposure/CounterpartyITALYOTHEREUROPEANCOUNTRIESAMERICAASIAREST OFWORLD1. Due to customers 19,255,206 499,670 42,864 4,801 27,9782. Due to banks 1,755,112 11,995,140 64,784 2,023 84,2513. Short-term securities 3,529,991 1,478,276 300,331 - 20,7894. Financial liabilities held for trading 163,963 111,144 8,301 - -5. Financial liabilities designated at fair value - - - - -31.12.2007 24,704,272 14,084,230 416,280 6,824 133,01831.12.2006 25,513,838 11,141,947 427,250 4,294 100,698359
Section 4OPERATIONAL RISKSQUALITATIVE INFORMATIONThe operational risk management system has beenregulated and introduced in Banca Antonveneta throughspecific Internal Regulations and consists of threefundamental elements:• corporate governance mechanisms• operational risk management process• internal control systemA. General factors, operating riskmanagement processes and measurementmethodsIn 2007 Banca Antonveneta implemented a system formanaging and measuring its risks which is adapted andcomplies with the preliminary regulatory requirementsbefore a Standardised method (TSA) is adopted inJanuary 2008. For Banca Antonveneta achieving thisobjective represented an intermediate stage towards thesubsequent adoption of advanced methods (AMA).The main objectives that Banca Antonveneta intends topursue through its operational risk management systemare:• to implement the rules, standards, methods andtypical tools of operational risk management inaccordance with the provisions issued by the Bank ofItaly and the guidelines of the international bestpractice;• to promote the spreading of a coherent andconsistent culture of managing operational risks andto raise awareness of the operational risk events towhich the entire company is subject, whether theyare actual or potential;• to ensure that all risks (actual or potential) in thevarious operational areas are correctly identified,measured, controlled and managed according toestablished, shared and constantly maintainedmethods and procedures, the overall purpose beingthe reduction of actual losses and prevention ofpotential ones, therefore improving its riskexposure;• to enable the management to manage operationalrisks in a proactive way and as an integral part oftheir daily activity, through accurate and timelyreports prepared for the various levels of theorganisation;• to periodically assess the operational risks andreport to the top management and the othercompany units affected by this type of risks• to make internal capital allocation processessensitive to operational risk, so they will beincreasingly more compliant and representative ofthe Bank’s actual exposure to such risk;• to prepare and manage the information to be sent tothe other companies outside the Bank (e.g. DIPO,etc.).Corporate governance mechanismsIn order to obtain an effective control of operational risk,Banca Antonveneta has defined its governancemechanisms – i.e. the company’s management bodiesand their roles and responsibilities around governanceand operational risk management - in a clear andconsistent way. In particular, a specific functiondedicated to monitoring and controlling OperationalRisks was introduced within the organisational structureand identified in the “Operational Risk Management”office. This office reports directly to the Chief RiskOfficer. The Operational Risk Sub-Committee was alsoset up within the Risk Committee. This sub-committee,made up by Banca Antonveneta’s first-levelmanagement, is the body that controls the OperationalRisk Management from a strategic point of view.Operational risk management processBanca Antonveneta has devised, implemented andactivated its operational risk management process,which aims at identifying, monitoring, mitigating andassessing operational risk.In order to achieve these objectives, the process isbroken down in the following components:• Classification of assets into the regular BusinessLines;• Collection and preservation of operational risk data;• Evaluation of risk exposure;• Reporting system;• Management use.a. Classification of assets into the regularbusiness linesBanca Antonveneta has defined its approach forclassifying assets into business lines and for calculatingthe minimum equity requirement.The value of the relevant indicator by business line isobtained by adopting a bottom-up approach, accordingto which the profitability data on the bank’s individualcustomer (management data) is allocated in the regularBusiness Lines, based on:360
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\\ItAntonvenetaAnnualReport2007XII
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Board of DirectorsChairman * France
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GROUPSTRUCTUREANTONVENETAANTONVENET
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The Macroeconomic ScenarioDear Shar
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• Santander: Business unit in Lat
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Performance in 2007Comparability wi
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As at 31 December 2007, loans to cu
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In detail, 19 new issues of unit-li
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The economic and financial performa
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Impaired and performingloansNET POS
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Income StatementThe 2007 income sta
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Performance of the main Antonveneta
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Antenore Finance Società dicartola
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Relevant events occurred after clos
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CONSOLIDATED FINANCIAL STATEMENTSCo
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Consolidated Income Statement€/th
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Statement of changes in consolidate
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A.1 - GENERAL PARTSection 1 - PREPA
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investments are originally recognis
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loans past due for over 180 days ac
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Valuation criteria and recognition
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Financial liabilities held for trad
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Prepaid tax assets and deferred tax
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ASSETSSection 1Cash and cash equiva
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2.2 Financial assets held for tradi
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Section 3Financial assets designate
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Section 4Financial assets available
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4.5.1 Financial assets available fo
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Section 7Loans to customers - Entry
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Section 8Hedging derivative contrac
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Section 12Tangible fixed assets - E
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12.3.3 Fixed assets for functional
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Section 14Tax assets and liabilitie
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14.5 Changes in prepaid taxes (offs
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Section 16Other assets - Entry 1601
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Section 2Due to customers - Entry 2
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3.3 Securities issued: securities u
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4.4.1 Trading financial liabilities
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Section 8Tax liabilities - Entry 80
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The actuarial assumptions used in t
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• discount rate. The financial ba
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12.3.2 Personnel pension fund (ex-B
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15.5 Income reserves: other informa
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Section 16Minority interests - Entr
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OTHER INFORMATION1. Guarantees and
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121
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Section 1Interest - Entries 10 and
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Section 2Commissions - Entries 40 a
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Section 3Dividends and similar inco
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Section 5Net profit on hedging - En
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Section 7Net change in value of fin
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Section 11Administrative expenses -
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Section 12Net allowances for risks
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Section 14Net value adjustments to
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Section 16Profits (Losses) from inv
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Section 20Taxes on income from cont
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Section 22Third party profit (loss)
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145
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A. PRIMARY REPORTINGA.1. Distributi
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This section provides information w
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Section 1CREDIT RISKQUANTITATIVE IN
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A.1.5 Cash Exposures to Banks: Tren
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A.3 DISTRIBUTION OF GUARANTEED EXPO
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A.3.4 Impaired "off balance sheet"
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B.1 By-sector distribution of cash
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C. SECURITISATIONS AND TRANSFER OF
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THEANO FINANCE SPASUMMARY STATEMENT
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GIOTTO FINANCE 2 SPASUMMARY STATEME
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2.3 PRICE RISKREGULATORY TRADING PO
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2.5 EXCHANGE RATE RISKQUANTITATIVE
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2.6 DERIVATIVE FINANCIAL INSTRUMENT
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A.2 Bank Portfolio: notional values
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A.4 "Over the counter" financial de
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A.6 Residual duration of "over the
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Currency: STERLINGEntry/Time bandOn
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2. Distribution of financial liabil
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Section 1Shareholders' equityA. QUA
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B. QUANTITATIVE INFORMATIONExposure
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1 - Information on directors' and e
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INDIVIDUAL FINANCIAL STATEMENTS DAT
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Dear Shareholders,In addition to il
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Banca Antonveneta in 2007, a new se
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Distribution ChannelsDuring 2007, B
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The Economic and Financial TrendsDe
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INDIRECT DEPOSITS(in millions of Eu
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Financial Assets(€/thousand)31.12
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Income StatementThe Income Statemen
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Relevant events occurred after the
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4. During the fiscal year 2007, the
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Balance Sheet - Liabilities and sha
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Statement of changes in consolidate
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CASH FLOW STATEMENT (Direct method)
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A.1 - GENERALSection 1 - Statement
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the accumulated profit or loss are
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Recognition and derecognition crite
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Intangible fixed assets include goo
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Valuation criteria and recognition
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ASSETSSection 1Cash and cash equiva
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2.2 Financial assets held for tradi
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Section 3Financial assets designate
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Section 4Financial assets available
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4.5 Financial assets available for
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Section 7Loans to customers - Entry
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Section 8Hedging derivative contrac
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10.3 Investments: annual changes31.
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11.3 Fixed assets for functional us
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Section 12Intangible fixed assets -
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13.2 Deferred tax liabilities: brea
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13.5 Changes in prepaid taxes (offs
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Section 15Other assets - Entry 1501
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Section 2Due to customers - Entry 2
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3.3 Securities issued: securities u
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4.4 Trading financial liabilities:
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Section 8Tax liabilities - Entry 80
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The actuarial assumptions used in t
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• discount rate. The financial ba
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12.3.2 Personnel pension fund (ex-B
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14.5 Income reserves: other informa
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Other information1. Guarantees and
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Section 1Interest - Entries 10 and
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Section 2Commissions - Entries 40 a
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Section 3Dividends and similar inco
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Section 5Net profit on hedging - En
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Section 7Net profit/(loss) from fin
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Section 9Administrative expenses -
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Section 10Net allowances for risks
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Page 312 and 313: Section 19Income (loss) after tax f
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Page 316 and 317: Section 1CREDIT RISKQUALITATIVE INF
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Page 336 and 337: Section 2MARKET RISK2.1 INTEREST RA
Page 338 and 339: Risk controlRisk control is carried
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Page 342 and 343: QUANTITATIVE INFORMATIONSensitivity
Page 344 and 345: 2. Regulatory trading portfolio: di
Page 346 and 347: transactions, (iii) comparable tran
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Page 350 and 351: 2.6 DERIVATIVE FINANCIAL INSTRUMENT
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Page 356 and 357: SECTION 3LIQUIDITY RISKQUALITATIVE
Page 358 and 359: Currency: SterlingEntry/Time bandOn
Page 362 and 363: • attributing the regular segment
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Page 366 and 367: Section 1Company assetsA. QUALITATI
Page 368 and 369: B. QUANTITATIVE INFORMATIONExposure
Page 370 and 371: Breakdown of net shareholders' equi
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Page 374 and 375: Fees to directors, board of auditor
Page 376 and 377: Information required by art. 2497 b
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Page 380 and 381: EQUITY INVESTMENTS Situation at 31
Page 382 and 383: INTERNATIONAL ACCOUNTING STANDARDS
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996 - Banca Antonveneta

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