consolidated annual report - Gruppo Banca Sella
consolidated annual report - Gruppo Banca Sella
consolidated annual report - Gruppo Banca Sella
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
The situation since the beginning of the operation is stated here below:<br />
Original value of purchased loans 203.746.450<br />
Residual value of purchased loans as at 31/12/2001 180.265.763<br />
Residual value of purchased loans as at 31/12/2002 155.648.073<br />
Residual value of purchased loans as at 31/12/2003 130.984.262<br />
- capital quota matured up to 31/12/2004 (15.660.057)<br />
- capital quota for advanced redemptions as at 31/12/2004 (6.347.125)<br />
- capital quota as non-performing loans as at 31/12/2004 (227.683)<br />
Residual value of purchased loans as at 31/12/2004 108.749.397<br />
Evolution of expired loans<br />
As at 31/12/2004 the amount of matured quotas was equal to € 263.956, of which € 195.474 of capital and € 68.482 of interest on unpaid quotas.<br />
Non-performing loans as at 31/12/2004 amounted to a total of € 1.411.833, of which € 1.342.828 of capital and € 69.005 of interest.<br />
As at 31/12/2004 non-performing loans positions were 33. As at 31/12/2004, considering that properties for each position were sufficient as guarantee, no losses are forecasted. At the date<br />
of approval of the financial statements, the processes for the recovery of the same were being carried on.<br />
Distribution of loans by residual maturity<br />
No. Residual value (in units of euro)<br />
0 to 3 months 60 173.457<br />
above 3 months to 1 year 109 573.725<br />
above 1 year to 5 years 1.249 27.293.502<br />
beyond 5 years 1.826 80.708.713<br />
3.244 108.749.397<br />
Geographical distribution of loans<br />
All loans are denominated in euro and all debtors are resident in Italy.<br />
Distribution of risk<br />
Class of risk No. Residual value (in units of euro)<br />
€ 0 to € 25.823 1.502 22.829.352<br />
above € 25.823 to € 77.470 1.567 66.255.434<br />
above € 77.470 to € 258.230 168 17.130.196<br />
beyond € 258.230 7 2.534.415<br />
3.244 108.749.397<br />
STATE OF THE SECURITIZATION BY BIELLA LEASING S.p.A.<br />
Summary table of securitized assets and bonds issued (figures in euro units).<br />
260 - GRUPPO BANCA SELLA<br />
Situation as at 31/12/2004<br />
A) Securitized assets 120.030.426<br />
A1) Loans 117.037.959<br />
A3) Other: 2.992.467<br />
- Loans to be collected 2.183.378<br />
- Loans for matured quotas 455.023<br />
- Accrued income on interest accrued 34.087<br />
- Accrued income on interest on loans 319.979<br />
B) Investment of cash deriving from the management of loans 10.219.837<br />
B3) Cash 6.290.363<br />
B4) Repurchase agreements investments 3.929.474<br />
C) Bonds issued 123.732.200<br />
C1) Class A bonds 108.572.200<br />
C2) Class B bonds 12.500.000<br />
C3) Class C bonds 2.660.000<br />
E) Other liabilities 6.495.047<br />
- Due to third parties 833.138<br />
- Accruals on interest on swaps 53.338<br />
- Accruals on interest accrued on securities 283.358<br />
- Accruals on withholding taxes on interest 1.402<br />
- Sundry debts 55.529<br />
- Debts for interest on class C bond 5.268.282
Change language