GENERAL MEETING DRAFT - Bankier.pl

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No circumstances occurred that entailed goodwill impairment losses.
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Provisions for risks and charges amounted to €609m, mainly due to legal and tax disputes, clawback
petitions, and customer disputes.
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Integration costs in the period amounted to €258m, compared to €140m in 2008. Besides the time value
effect on the stock of existing funds, these costs were also connected with the restructuring processes
involving especially Retail and Corporate and Investment Banking.
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Despite the economy’s first steps toward recovery, deterioration in the macroeconomic scenario
continued to affect loan quality, resulting in the need for larger provisions for credit risks. In 2009 net
impairment losses on loans plus provisions for guarantees and commitments amounted to €8.3bn,
compared to €3.7bn at December 31, 2008. This increase involved all business sectors, particularly CIB
(a rise of €2.3bn), Retail (+€520m) and CEE (+€1.2bn).
Asset quality data confirm the trend observed. The carrying value of impaired loans was €31bn, an
increase of 56.6% over December 31, 2008, accounting for 5.50% of customer loans, compared to 3.24%
at December 2008.
LOANS TO CUSTOMERS ASSET QUALITY (€ million)
2009 CONSOLIDATED REPORTS AND ACCOUNTS
NON-PERFORMING DOUBTFUL RESTRUCTURED PAST-DUE IMPAIRED PERFORMING TOTAL
LOANS LOANS LOANS LOANS LOANS LOANS CUST. LOANS
As at 12.31.2009
Face value 32,836 16,430 4,436 3,932 57,634 537,032 594,666
as a percentage of total loans 5.52% 2.76% 0.75% 0.66% 9.69% 90.31%
Writedowns 20,144 4,883 1,130 428 26,585 3,095 29,680
as a percentage of face value 61.3% 29.7% 25.5% 10.9% 46.1% 0.6%
Carrying value 12,692 11,547 3,306 3,504 31,049 533,937 564,986
as a percentage of total loans 2.25% 2.04% 0.59% 0.62% 5.50% 94.50%
As at 12.31.2008
Face value 28,772 8,949 1,856 2,205 41,782 595,314 637,096
as a percentage of total loans 4.52% 1.40% 0.29% 0.35% 6.56% 93.44%
Writedowns 18,308 2,772 593 281 21,954 2,662 24,616
as a percentage of face value 63.6% 31.0% 32.0% 12.7% 52.5% 0.4%
Carrying value 10,464 6,177 1,263 1,924 19,828 592,652 612,480
as a percentage of total loans 1.71% 1.01% 0.21% 0.31% 3.24% 96.76%
The €11.2bn increase in impaired loans included €2.2bn in non-performing loans, €5.4bn in doubtful
loans, €2bn in restructured loans and €1.6bn in past-dues. The increase was mainly due to Group
entities operating in Italy, which recorded an increase of some €8.5bn, and to a lesser extent to those
operating in Germany (+€1.1bn) and in Central Eastern European markets (+€1.4bn).
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