February 2011 - Gruppo Banca Carige

The Italian mortgage profileThe size of mortgage loans has been moderatelyrising over the years.4% 4% 4% 3% 4%16% 19% 18% 18% 19%52% 52% 51% 51% 52%23% 22% 23% 24% 22%5% 3% 4% 4% 3%2006 2007 2008 2009 1H10€m=500Most mortgages have floating rate.15% 9% 10% 14% 14%39%18%64%48%73%72%52%38%21%13%2006 2007 2008 2009 1H10fixed rate floating rate mixed rateSince 2009, also because of diminishing interestrates lenders have gradually reduced the mortgagetenorThe indirect channel has gradually gainedimportance, but since 2009 it has significantly lostground35% 43% 43% 38% 38%23%17% 18% 19% 21%22% 21% 21% 22% 21%13%7%12%7%12%6%13%8%13%7%2006 2007 2008 2009 1H1040% 40% 42%60% 60% 58%31% 28%69% 72%years=262006 2007 2008 2009 1H10direct channelindirect channelSources: Osservatorio AssofinGRUPPO CARIGE 16