Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

Loans and advances to Group companies were as follows:30/6/10 30/6/11€m €mCompass ....................................... 2,761.1 4,382.1Mediobanca International ...................... 2,108,1 1,690.8Palladio Leasing ............................... 983.2 1,027.9SelmaBipiemme Leasing ....................... 750.8 702.4Futuro ......................................... 450.0 474.9Teleleasing .................................... 313.0 271.3CheBanca! ..................................... 215.4 215.7Cofactor ....................................... 52.8 54.9Seteci ......................................... 6.0 16.6MB Securities USA (subordinated) .............. 1.6 1.47,642.0 8,838.0Impaired assets (i.e. non-performing, sub-standard, restructured andoverdue accounts) involved a single non-performing item in an amount of€127,000 covered by SACE insurance, plus six positions (two more thanlast year) for a total cash exposure of €127.5m plus a further €137.2m inendorsements, down from the figures recorded twelve months previously(€131.9m and €252.4m respectively); provisions of over €100m have beenset aside in respect of these positions. Since the balance-sheet date a totalof four new positions have been added (with a coverage ratio of over 60%)and two exposures repaid (the main one of which without losses and at thenet value).As at 30 June 2011, there were fifteen significant exposures, i.e.above 10% of the Bank’s regulatory capital (including market risks andequity investments), two fewer than at end-June 2010, worth a nominalamount of €15,788.4m (€16,202.1m) and a weighted amount of€14,547.2m (€13,858.9m).248 –