consolidated annual report - Gruppo Banca Sella

LOANS AS AT 31/12/2004 AND AS AT 31/12/2003 (1) (figures in euro million)
of which Customer savings
current accounts (2)
Total loans Cash loans Guarantees given and securities issued
including repurchase
agreements
2004 2003 2004 2003 2004 2003 2004 2003
Banca Sella S.p.A. 3.532,8 3.410,2 3.244,6 3.087,5 288,2 322,7 5.019,8 4.453,6
Banca Arditi Galati S.p.A. 391,5 339,2 380,8 329,5 10,7 9,7 565,4 530,0
Banca Bovio Calderari S.p.A. 384,5 371,2 363,9 354,2 20,6 17,0 453,6 398,5
Banca di Palermo S.p.A. 197,8 160,5 191,7 155,1 6,1 5,4 285,8 257,4
Sella Investimenti Banca S.p.A. 3,7 2,8 3,6 2,7 0,1 0,1 207,8 365,3
Sella Bank Luxembourg S.A. (formerly IBL) 14,6 84,2 12,1 81,7 2,5 2,5 280,2 346,4
Sella Bank AG 14,3 26,6 10,4 17,4 3,9 9,2 23,3 23,1
Total banks of the Group 4.539,2 4.394,7 4.207,1 4.028,1 332,1 366,6 6.835,9 6.374,3
Biella Leasing S.p.A. 624,8 506,0 624,8 506,0 - - 56,6 61,0
Consel S.p.A. 329,4 224,6 329,4 224,6 - - 29,0 30,4
Gestnord Intermediazione SIM S.p.A. 26,2 35,8 26,2 35,8 - - 0,8 18,0
International Capital Bourse S.A. 1,8 10,7 1,8 10,7 - - 0,3 0,7
Total companies of the Group 982,2 777,1 982,2 777,1 - - 86,7 110,1
Group total 5.521,4 5.171,8 5.189,3 4.805,2 332,1 366,6 6.922,6 6.484,4
(1) Figures net of infra-group nettings. These figures therefore are not comparable with those indicated in the sections relevant to each single company, which are stated including
the above mentioned nettings.
(2) Due to customers, securities issued and third parties’ funds in administration.
LOANS PORTFOLIO QUALITY (figures in euro million)
Portfolio quality 31/12/2004 31/12/2003 % variation
over 2003
Net cash loans 5.189,3 4.805,2 8,0%
- of which performing loans 5.033,6 4.630,2 8,7%
- of which net non-performing loans 72,3 80,1 -9,7%
- of which watchlist loans 76,5 89,9 -14,9%
- of which restructured loans and non guaranteed loans exposed to Country risk 6,9 5,0 38,8%
Net non-performing loans/cash loans 1,4% 1,7% -0,3%
Watchlist loans / cash loans 1,5% 1,9% -0,4%
Write-downs to loans (item 120 of the income statement) 52,7 39,1 34,8%
Write-ups to loans (item 130 of the income statement) 9,3 9,0 3,3%
Net write-downs to loans 43,4 30,1 44,2%
DOUBTFUL LOANS
Total doubtful loans to customers as at end 2004
stood at € 155,7 million of net exposure, including restructured
loans and non guaranteed loans exposed to
country risk (€ 175 million in 2003).
Net watchlist loans (i.e. loans to subjects whose
temporary difficulty is deemed to be removed in a suitable
period of time) stood at € 76,5 million, decreased
by 14,9% with respect to 2003, above all thanks to the
remarkable decrease of Banca Sella, the figures of which
passed from € 79,8 million in 2003 to € 67,3 million
in 2004.
Consolidated annual report 2004 - 191