GENERAL MEETING DRAFT - Bankier.pl

During the first quarter of 2009, compliant with Pillar II framework, an update on concentration risk has
been performed for Single Name Concentration Limits (so called Bulk Risk Limits) and for Sectorial Limits
(so called Industry Limits).
With reference to restructuring and workout activities, a new specialized Committee – dedicated to the
evaluation of counterparts under restructuring / workout – has been established, while the Group
Transactional Credit Committee focuses on credit underwriting.
With specific focus on the Retail Strategic Business Area and in light of the present economic situation,
actions aiming at strengthening and optimizing processes and IT tools concerning monitoring and work
out activities have been developed with emphasis on the reshaping of the credit framework and on the
“friendly collection”. In order to continue to adequately ensure a support to the economy, two ad hoc
initiatives have been launched for the Italian market, “SOS Impresa Italia” and “Insieme 2009”, together
with the ones coordinated by the Italian Banking Association, supporting Small Business and consumers
respectively.
Within the framework of the “General Group Credit Policy”, special guidelines concerning “Structured
Trade and Export Finance (STEF)”, aiming at guaranteeing a standard approach governing this business
at Group level were developed, as well as specific instructions to be followed for “Commodity Trade
Finance”, “Receivables Finance” and “Export Finance”.
Monitoring and reporting activities for the Group credit risk portfolio were further developed, widening the
consolidated disclosure to the other important risk categories.
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2.1 Organization
The new Group Risk Management framework aims at ensuring the right balance between "risk type" and
"transactional specialization" by adopting a matrix approach. Group portfolios will be clustered by risk type
("credit and cross-border risks", "market risks" and "operational & reputational risks") and will intersect
with transactions grouped on a divisional level (CIB & PB, CEE, Retail, Treasury, Asset Management).
The matrix approach will lead to the set-up of two different responsibility centres on credit risk. On the one
side the "Credit and Cross Border Risks Portfolio Management” department, which oversees and
manages the overall credit and cross-border risk profile of the Group defining all the relevant strategies,
methodologies and limits. On the other side, the "Transactional Risk Managers" will be the responsibility
centres for the credit risks originated by the Group "risk taking" functions.
Besides the Group Portfolio and Transactional Risk Managers, the new Risk Management set-up
comprises the “Strategic Risk Management and Control” department, responsible for, among the others,
the management of Basel II activities (including measurement of internal capital according to Pillar II,
definition of the risk appetite and the "ICAAP" coordination), the Group internal validation of both Pillar I
systems and Pillar II models, as well as centralized risk reporting and risk policies functions for all the
risks at Group level, and a specialized department ("Special Credit"), responsible for coordinating,
addressing, supporting and – with reference to relevant files - managing restructuring and workout
activities.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
328