Change pursuant to IAS40
Impact of the change in the measurement criterion for real estate properties on the reclassified quarterly income statements
These consolidated financial statements incorporate the restatements of previous periods following the retroactive application of the measurement of real estate assets at fair value under IAS 40. The restatement of items in the income statement are reported below.
2019
4th Quarter restatement impacts 3rd Quarter restatement impacts 2nd Quarter restatement impacts 1st Quarter restatement impacts
Figures in thousands of euro
10.-20.-140. Net interest income
of which: TLTRO II
of which: IFRS 9 credit components
of which: IFRS 9 contractual modifications without derecognition components
70. Dividends and similar income
Profits (losses) of equity-accounted investees
40.-50. Net fee and commission income
of which: performance fees
80.+90. +100.+110. Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss
160.+170. Net income from insurance operations
230. Other net operating income/expense
Operating income - 0 - 0 - 0 - 0
190. a) Staff costs
190. b) Other administrative expenses
of which: SRF and DGS contributions
210.+220. Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets 2,590 2,212 1,851 1,809
Operating expenses 2,590 2,212 1,851 1,809
Net operating income 2,590 2,212 1,851 1,809
130. Net impairment losses for credit risk relating to:
130. a) - financial assets measured at amortised cost: loans and advances to banks
130. a) - financial assets measured at amortised cost: loans and advances to customers
130. a) - financial assets measured at amortised cost: securities
130. b) - financial assets measured at fair value through other comprehensive income
200. a) Net provisions for risks and charges - commitments and guarantees granted
200. b) Net provisions for risks and charges - other net provisions
260. Net income (loss) from fair value change in property, plant and equipment and intangible assets (39,386) - 0 - 0 - 0
250.+280. Profits (losses) from the disposal of equity investments
290. Profit (loss) before tax from continuing operations (36,796) 2,212 1,851 1,809
300. Taxes on income for the period from continuing operations 11,289 (715) (595) (582)
340. (Profit) loss for the period attributable to minority interests
Profit for the period attributable to the shareholders of the Parent before the Business Plan and other impacts (25,507) 1,497 1,256 1,227
190. a) Redundancy expenses net of taxes and minority interests
190. b) Business Plan project expenses net of taxes and minority interests
210. Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests 3,432
350. Profit (loss) for the period attributable to the shareholders of the Parent (22,075) 1,497 1,256 1,227
Reclass BS
UBI Banca Group: Reclassified consolidated balance sheet
30.06.2020 A 31.12.2019 restated B Changes A-B % changes A/B 30.06.2019 restated C Changes A-C % changes A/C
Figures in thousands of euro
ASSETS
10. Cash and cash equivalents 595,996 694,750 (98,754) -14.2% 616,670 (20,674) -3.4%
20. Financial assets measured at fair value through profit or loss 2,918,145 1,758,730 1,159,415 65.9% 1,660,974 1,257,171 75.7%
1) Loans and advances to banks 17,320 16,213 1,107 6.8% 15,365 1,955 12.7%
2) Loans and advances to customers 258,194 260,667 (2,473) -0.9% 268,043 (9,849) -3.7%
3) Securities and derivatives 2,642,631 1,481,850 1,160,781 78.3% 1,377,566 1,265,065 91.8%
30. Financial assets measured at fair value through other comprehensive income 12,343,270 12,221,616 121,654 1.0% 11,618,770 724,500 6.2%
1) Loans and advances to banks - - 0 - - - - -
2) Loans and advances to customers - - 0 - - - - -
3) Securities 12,343,270 12,221,616 121,654 1.0% 11,618,770 724,500 6.2%
40. Financial assets measured at amortised cost 107,308,571 101,736,289 5,572,282 5.5% 103,356,416 3,952,155 3.8%
1) Loans and advances to banks 14,527,728 11,723,923 2,803,805 23.9% 12,393,150 2,134,578 17.2%
2) Loans and advances to customers 84,739,135 84,564,033 175,102 0.2% 86,074,151 (1,335,016) -1.6%
3) Securities 8,041,708 5,448,333 2,593,375 47.6% 4,889,115 3,152,593 64.5%
50. Hedging derivatives 21,869 35,117 (13,248) -37.7% 22,452 (583) -2.6%
60. Fair value change in hedged financial assets (+/-) 913,730 547,019 366,711 67.0% 541,946 371,784 68.6%
70. Equity investments 284,750 287,353 (2,603) -0.9% 266,897 17,853 6.7%
80. Technical reserves of reinsurers 77 - 0 77 - - 77 -
90. Property, plant and equipment 2,879,330 2,370,247 509,083 21.5% 2,596,499 282,831 10.9%
100. Intangible assets 1,745,824 1,739,903 5,921 0.3% 1,720,771 25,053 1.5%
of which: goodwill 1,465,260 1,465,260 - 0 0.0% 1,465,260 - 0 0.0%
110. Tax assets 3,584,469 3,755,895 (171,426) -4.6% 3,963,978 (379,509) -9.6%
120. Non-current assets and disposal groups held for sale 90,109 268,100 (177,991) -66.4% 7,353 82,756 n.s.
130. Other assets 1,847,177 1,200,966 646,211 53.8% 1,199,827 647,350 54.0%
Total assets 134,533,317 126,615,985 7,917,332 6.3% 127,572,553 6,960,764 5.5%
LIABILITIES AND EQUITY
10. Financial liabilities measured at amortised cost 114,934,180 109,795,016 5,139,164 4.7% 111,840,625 3,093,555 2.8%
a) Due to banks 16,679,833 14,367,985 2,311,848 16.1% 17,053,172 (373,339) -2.2%
b) Due to customers 76,065,027 72,577,255 3,487,772 4.8% 70,840,373 5,224,654 7.4%
c) Debt securities issued 22,189,320 22,849,776 (660,456) -2.9% 23,947,080 (1,757,760) -7.3%
20. Financial liabilities held for trading 598,541 555,296 43,245 7.8% 571,499 27,042 4.7%
30. Financial liabilities designated at fair value 462,372 197,610 264,762 134.0% 149,871 312,501 n.s.
40. Hedging derivatives 708,400 386,778 321,622 83.2% 230,655 477,745 n.s.
50. Fair value change in hedged financial liabilities (+/-) 166,404 145,191 21,213 14.6% 188,275 (21,871) -11.6%
60. Tax liabilities 295,667 210,882 84,785 40.2% 170,802 124,865 73.1%
70. Liabilities associated with assets held for sale - 2,331 (2,331) -100.0% - - -
80. Other liabilities 4,154,680 2,735,807 1,418,873 51.9% 2,290,570 1,864,110 81.4%
90. Provision for post-employment benefits 277,276 289,641 (12,365) -4.3% 299,460 (22,184) -7.4%
100. Provisions for risks and charges: 397,084 489,485 (92,401) -18.9% 415,665 (18,581) -4.5%
a) commitments and guarantees granted 61,025 54,005 7,020 13.0% 51,951 9,074 17.5%
b) pension and similar obligations 81,200 86,756 (5,556) -6.4% 87,892 (6,692) -7.6%
c) other provisions for risks and charges 254,859 348,724 (93,865) -26.9% 275,822 (20,963) -7.6%
110. Technical reserves 2,250,864 2,210,294 40,570 1.8% 2,070,095 180,769 8.7%
120.+140. +150.+160. +170.+180 Share capital, equity instruments, share premiums, reserves, valuation reserves and treasury shares 10,058,703 9,306,321 752,382 8.1% 9,172,290 886,413 9.7%
190. Minority interests (+/-) 44,861 58,230 (13,369) -23.0% 39,344 5,517 14.0%
200. Profit (loss) for the period/year (+/-) 184,285 233,103 (48,818) -20.9% 133,402 50,883 38.1%
Total liabilities and equity 134,533,317 126,615,985 7,917,332 6.3% 127,572,553 6,960,764 5.5%
Reclass IS
UBI Banca Group: Reclassified consolidated income statement
1H 2020 1H 2019 restated Change % change 2nd Quarter 2020 2nd Quarter 2019 Change % change FY 2019 restated
Figures in thousands of euro A B A-B A/B C D C-D C/D E
10.-20.-140. Net interest income 803,428 886,213 (82,785) (9.3%) 398,265 440,616 (42,351) (9.6%) 1,725,105
of which: TLTRO II 20,556 24,893 (4,337) (17.4%) 10,445 12,502 (2,057) (16.5%) 48,688
of which: IFRS 9 credit components 34,692 66,657 (31,965) (48.0%) 14,629 35,498 (20,869) (58.8%) 110,595
of which: IFRS 9 contractual modifications without derecognition components (17,462) (10,437) 7,025 67.3% (8,659) (5,281) 3,378 64.0% (25,283)
70. Dividends and similar income 5,274 7,210 (1,936) (26.9%) 498 2,040 (1,542) (75.6%) 7,658
Profits (losses) of equity-accounted investees 22,827 19,421 3,406 17.5% 15,019 13,106 1,913 14.6% 40,343
40.-50. Net fee and commission income 823,748 812,934 10,814 1.3% 403,265 411,998 (8,733) (2.1%) 1,661,759
of which: performance fees 33,119 7,153 25,966 n.s. 26,056 4,171 21,885 n.s. 40,598
80.+90. +100.+110. Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss 95,153 55,084 40,069 72.7% 41,557 17,649 23,908 135.5% 104,284
160.+170. Net income from insurance operations 7,546 7,436 110 1.5% 5,045 3,934 1,111 28.2% 15,314
230. Other net operating income/expense 37,581 40,737 (3,156) (7.7%) 18,312 19,075 (763) (4.0%) 83,472
Operating income 1,795,557 1,829,035 (33,478) (1.8%) 881,961 908,418 (26,457) (2.9%) 3,637,935
190. a) Staff costs (697,208) (720,427) (23,219) (3.2%) (342,233) (355,993) (13,760) (3.9%) (1,427,650)
190. b) Other administrative expenses (368,682) (361,192) 7,490 2.1% (187,280) (175,161) 12,119 6.9% (711,060)
of which: SRF and DGS contributions (59,456) (60,068) (612) (1.0%) (17,473) (18,070) (597) (3.3%) (107,585)
210.+220. Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets (112,852) (106,909) 5,943 5.6% (55,671) (54,424) 1,247 2.3% (221,327)
Operating expenses (1,178,742) (1,188,528) (9,786) (0.8%) (585,184) (585,578) (394) (0.1%) (2,360,037)
Net operating income 616,815 640,507 (23,692) (3.7%) 296,777 322,840 (26,063) (8.1%) 1,277,898
130. Net impairment losses for credit risk relating to: (341,489) (393,378) (51,889) (13.2%) (184,375) (263,375) (79,000) (30.0%) (744,098)
130. a) - financial assets measured at amortised cost: loans and advances to banks (479) 724 (1,203) n.s. (298) 773 (1,071) n.s. 137
130. a) - financial assets measured at amortised cost: loans and advances to customers (336,447) (391,584) (55,137) (14.1%) (180,831) (263,016) (82,185) (31.2%) (738,438)
130. a) - financial assets measured at amortised cost: securities (362) (764) (402) (52.6%) (977) (277) 700 n.s. (2,454)
130. b) - financial assets measured at fair value through other comprehensive income (4,201) (1,754) 2,447 139.5% (2,269) (855) 1,414 165.4% (3,343)
200. a) Net provisions for risks and charges - commitments and guarantees granted (8,181) 1,943 (10,124) n.s. (7,239) 2,505 (9,744) n.s. (26)
200. b) Net provisions for risks and charges - other net provisions 125 (2,229) 2,354 n.s. (784) 1,238 (2,022) n.s. (24,809)
260. Net income (loss) from fair value change in property, plant and equipment and intangible assets (8,718) - (8,718) n.s. - 0 - - - (39,386)
250.+280. Profits (losses) from the disposal of equity investments 18,180 4,188 13,992 n.s. 18,113 3,915 14,198 n.s. 6,101
290. Profit (loss) before tax from continuing operations 276,732 251,031 25,701 10.2% 122,492 67,123 55,369 82.5% 475,680
300. Taxes on income for the period/year from continuing operations (84,433) (61,212) 23,221 37.9% (32,051) (9,827) 22,224 n.s. (118,812)
340. (Profit) loss for the period/year attributable to minority interests (20,748) (13,701) 7,047 51.4% (12,445) (7,286) 5,159 70.8% (33,912)
Profit (loss) for the period/year attributable to the shareholders of the Parent before the Business Plan and other impacts 171,551 176,118 (4,567) (2.6%) 77,996 50,010 27,986 56.0% 322,956
190. a) Redundancy expenses net of taxes and minority interests 12,734 (42,583) 55,317 n.s. 12,717 2 12,715 n.s. (89,413)
190. b) Business Plan project expenses net of taxes and minority interests - (133) (133) (100.0%) - (45) (45) (100.0%) (145)
210. Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests - - - - - - - - (295)
350. Profit (loss) for the period/year attributable to the shareholders of the Parent 184,285 133,402 50,883 38.1% 90,713 49,967 40,746 81.5% 233,103
Quarterly reclass IS
UBI Banca Group: Reclassified consolidated quarterly income statements
2020 2019
2nd Quarter 1st Quarter 4th Quarter restated 3rd Quarter restated 2nd Quarter restated 1st Quarter restated
Figures in thousands of euro
10.-20.-140. Net interest income 398,265 405,163 412,041 426,851 440,616 445,597
of which: TLTRO II 10,445 10,111 11,100 12,695 12,502 12,391
of which: IFRS 9 credit components 14,629 20,063 21,395 22,543 35,498 31,159
of which: IFRS 9 contractual modifications without derecognition components (8,659) (8,803) (11,867) (2,979) (5,281) (5,156)
70. Dividends and similar income 498 4,776 77 371 2,040 5,170
Profits (losses) of equity-accounted investees 15,019 7,808 9,139 11,783 13,106 6,315
40.-50. Net fee and commission income 403,265 420,483 446,256 402,569 411,998 400,936
of which: performance fees 26,056 7,063 30,127 3,318 4,171 2,982
80.+90. +100.+110. Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss 41,557 53,596 58,198 (8,998) 17,649 37,435
160.+170. Net income from insurance operations 5,045 2,501 4,030 3,848 3,934 3,502
230. Other net operating income/expense 18,312 19,269 18,797 23,938 19,075 21,662
Operating income 881,961 913,596 948,538 860,362 908,418 920,617
190. a) Staff costs (342,233) (354,975) (355,469) (351,754) (355,993) (364,434)
190. b) Other administrative expenses (187,280) (181,402) (162,670) (187,198) (175,161) (186,031)
of which: SRF and DGS contributions (17,473) (41,983) (4,448) (43,069) (18,070) (41,998)
210.+220. Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets (55,671) (57,181) (58,542) (55,876) (54,424) (52,485)
Operating expenses (585,184) (593,558) (576,681) (594,828) (585,578) (602,950)
Net operating income 296,777 320,038 371,857 265,534 322,840 317,667
130. Net impairment losses for credit risk relating to: (184,375) (157,114) (210,487) (140,233) (263,375) (130,003)
130. a) - financial assets measured at amortised cost: loans and advances to banks (298) (181) (344) (243) 773 (49)
130. a) - financial assets measured at amortised cost: loans and advances to customers (180,831) (155,616) (208,167) (138,687) (263,016) (128,568)
130. a) - financial assets measured at amortised cost: securities (977) 615 (1,355) (335) (277) (487)
130. b) - financial assets measured at fair value through other comprehensive income (2,269) (1,932) (621) (968) (855) (899)
200. a) Net provisions for risks and charges - commitments and guarantees granted (7,239) (942) (1,936) (33) 2,505 (562)
200. b) Net provisions for risks and charges - other net provisions (784) 909 (1,223) (21,357) 1,238 (3,467)
260. Net income (loss) from fair value change in property, plant and equipment and intangible assets - 0 (8,718) (39,386) - 0 - 0 - 0
250.+280. Profits (losses) from the disposal of equity investments 18,113 67 1,813 100 3,915 273
290. Profit (loss) before tax from continuing operations 122,492 154,240 120,638 104,011 67,123 183,908
300. Taxes on income for the period from continuing operations (32,051) (52,382) (22,469) (35,131) (9,827) (51,385)
340. (Profit) loss for the period attributable to minority interests (12,445) (8,303) (12,972) (7,239) (7,286) (6,415)
Profit (loss) for the period attributable to the shareholders of the Parent before the Business Plan and other impacts 77,996 93,555 85,197 61,641 50,010 126,108
190. a) Redundancy expenses net of taxes and minority interests 12,717 17 (46,830) - 2 (42,585)
190. b) Business Plan project expenses net of taxes and minority interests - - - 0 (12) (45) (88)
210. Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests - - (295) - 0 - 0 -
350. Profit (loss) for the period attributable to the shareholders of the Parent 90,713 93,572 38,072 61,629 49,967 83,435
IS net of non rec
UBI Banca Group: Reclassified consolidated income statement net of the most significant non-recurring items
1H 2020 net of non-recurring items 1H 2019 restated net of non-recurring items Change % change
Figures in thousands of euro
Net interest income 803,428 886,213 (82,785) (9.3%)
of which: TLTRO II 20,556 24,893 (4,337) (17.4%)
of which: IFRS 9 credit components 34,692 66,657 (31,965) (48.0%)
of which: IFRS 9 contractual modifications without derecognition components (17,462) (10,437) 7,025 67.3%
Dividends and similar income 5,274 7,210 (1,936) (26.9%)
Profits (losses) of equity-accounted investees 22,827 19,421 3,406 17.5%
Net fee and commission income 823,748 812,934 10,814 1.3%
of which: performance fees 33,119 7,153 25,966 n.s.
Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss 95,153 55,084 40,069 72.7%
Net income from insurance operations 7,546 7,436 110 1.5%
Other net operating income/expense 37,581 40,737 (3,156) (7.7%)
Operating income 1,795,557 1,829,035 (33,478) (1.8%)
Staff costs (697,208) (720,427) (23,219) (3.2%)
Other administrative expenses (352,573) (343,106) 9,467 2.8%
Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets (112,852) (106,323) 6,529 6.1%
Operating expenses (1,162,633) (1,169,856) (7,223) (0.6%)
Net operating income 632,924 659,179 (26,255) (4.0%)
Net impairment losses for credit risk relating to: (341,489) (393,378) (51,889) (13.2%)
- financial assets measured at amortised cost: loans and advances to banks (479) 724 (1,203) n.s.
- financial assets measured at amortised cost: loans and advances to customers (336,447) (391,584) (55,137) (14.1%)
- financial assets measured at amortised cost: securities (362) (764) (402) (52.6%)
- financial assets measured at fair value through other comprehensive income (4,201) (1,754) 2,447 139.5%
Net provisions for risks and charges - commitments and guarantees granted (8,181) 1,943 (10,124) n.s.
Net provisions for risks and charges - other net provisions 125 (2,229) 2,354 n.s.
Net income (loss) from fair value change in property, plant and equipment and intangible assets - - - -
Profits (losses) from the disposal of equity investments - - - -
Profit (loss) before tax from continuing operations 283,379 265,515 17,864 6.7%
Taxes on income for the year for continuing operations (86,542) (65,965) 20,577 31.2%
Profit (loss) for the period attributable to minority interests (20,748) (13,701) 7,047 51.4%
Profit (loss) for the period attributable to the shareholders of the Parent 176,089 185,849 (9,760) (5.3%)
IS net of non rec (detail)
UBI Banca Group: Reclassified consolidated income statement net of the most significant non-recurring items
Business Plan (BI) Other items 2017-2020 Business Plan Other items
1H 2020 Redundancy expenses (2017-2020 BI) Milan logistics reorganisation project (2020-2022 BI) Extraordinary contribution to the Resolution Fund First time application of measurement of properties at fair value (pursuant to IAS 16) Profits/losses from disposal of equity and other investments 1H 2020 1H 2019 restated Redundancy expenses Business Plan project expenses Extraordinary contribution to the Resolution Fund Profits/losses from disposal of equity and other investments 1H 2019 restated
Figures in thousands of euro net of non-recurring items net of non-recurring items
Net interest income 803,428 803,428 886,213 886,213
of which: TLTRO II 20,556 20,556 24,893 24,893
of which: IFRS 9 credit components 34,692 34,692 66,657 66,657
of which: IFRS 9 contractual modifications without derecognition components (17,462) (17,462) (10,437) (10,437)
Dividends and similar income 5,274 5,274 7,210 7,210
Profits (losses) of equity-accounted investees 22,827 22,827 19,421 19,421
Net fee and commission income 823,748 823,748 812,934 812,934
of which: performance fees 33,119 33,119 7,153 7,153
Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss 95,153 95,153 55,084 55,084
Net income from insurance operations 7,546 7,546 7,436 7,436
Other net operating income/expense 37,581 37,581 40,737 40,737
Operating income 1,795,557 - - - - - 1,795,557 1,829,035 - - - - 1,829,035
Staff costs (697,208) (697,208) (720,427) (720,427)
Other administrative expenses (368,682) 16,109 (352,573) (361,192) 18,086 (343,106)
Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets (112,852) (112,852) (106,909) 586 (106,323)
Operating expenses (1,178,742) - - 16,109 - - (1,162,633) (1,188,528) - - 18,086 586 (1,169,856)
Net operating income 616,815 - - 16,109 - - 632,924 640,507 - - 18,086 586 659,179
Net impairment losses for credit risk relating to: (341,489) (341,489) (393,378) (393,378)
- financial assets measured at amortised cost: loans and advances to banks (479) (479) 724 724
- financial assets measured at amortised cost: loans and advances to customers (336,447) (336,447) (391,584) (391,584)
- financial assets measured at amortised cost: securities (362) (362) (764) (764)
- financial assets measured at fair value through other comprehensive income (4,201) (4,201) (1,754) (1,754)
Net provisions for risks and charges - commitments and guarantees granted (8,181) (8,181) 1,943 1,943
Net provisions for risks and charges - other net provisions 125 125 (2,229) (2,229)
Net income (loss) from fair value change in property, plant and equipment and intangible assets (8,718) 8,718 - 0 - -
Profits (losses) from the disposal of equity investments 18,180 (17,443) (737) - 0 4,188 (4,188) -
Profit (loss) before tax from continuing operations 276,732 - (17,443) 16,109 8,718 (737) 283,379 251,031 - 0 - 0 18,086 (3,602) 265,515
Taxes on income for the year for continuing operations (84,433) 5,768 (5,238) (2,883) 244 (86,542) (61,212) (5,880) 1,127 (65,965)
(Profit) loss for the year attributable to minority interests (20,748) (20,748) (13,701) (13,701)
Profit (loss) for the year attributable to the shareholders of the Parent before the Business Plan and other impacts 171,551 - (11,675) 10,871 5,835 (493) 176,089 176,118 - 0 - 0 12,206 (2,475) 185,849
Redundancy expenses net of taxes and minority interests 12,734 (12,734) - 0 (42,583) 42,583 -
Business Plan project expenses net of taxes and minority interests - - 0 (133) 133 -
Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests - - 0 - -
Profit (loss) for the period attributable to the shareholders of the Parent 184,285 (12,734) (11,675) 10,871 5,835 (493) 176,089 133,402 42,583 133 12,206 (2,475) 185,849
Mandatory BS
UBI Banca Group: Consolidated balance sheet - mandatory statement -
30.06.2020 31.12.2019 restated
Figures in thousands of euro
ASSETS
10. Cash and cash equivalents 595,996 694,750
20. Financial assets measured at fair value through profit or loss 2,918,145 1,758,730
a) financial assets held for trading 1,579,775 427,980
b) financial assets designated at fair value 8,545 10,278
c) other financial assets mandatorily measured at fair value 1,329,825 1,320,472
30. Financial assets measured at fair value through other comprehensive income 12,343,270 12,221,616
40. Financial assets measured at amortised cost 107,308,571 101,736,289
a) loans and advances to banks 14,527,728 11,921,289
b) loans and advances to customers 92,780,843 89,815,000
50. Hedging derivatives 21,869 35,117
60. Fair value change in hedged financial assets (+/-) 913,730 547,019
70. Equity investments 284,750 287,353
80. Technical reserves of reinsurers 77 -
90. Property, plant and equipment 2,879,330 2,370,247
100. Intangible assets 1,745,824 1,739,903
of which: goodwill 1,465,260 1,465,260
110. Tax assets 3,584,469 3,755,895
a) current 978,088 1,084,413
b) deferred 2,606,381 2,671,482
- of which pursuant to Law No. 214/2011 1,767,517 1,794,331
120. Non-current assets and disposal groups held for sale 90,109 268,100
130. Other assets 1,847,177 1,200,966
Total assets 134,533,317 126,615,985
LIABILITIES AND EQUITY
10. Financial liabilities measured at amortised cost 114,934,180 109,795,016
a) due to banks 16,679,833 14,367,985
b) due to customers 76,065,027 72,577,255
c) debt securities issued 22,189,320 22,849,776
20. Financial liabilities held for trading 598,541 555,296
30. Financial liabilities designated at fair value 462,372 197,610
40. Hedging derivatives 708,400 386,778
50. Fair value change in hedged financial liabilities (+/-) 166,404 145,191
60. Tax liabilities 295,667 210,882
a) current 51,637 64,547
b) deferred 244,030 146,335
70. Liabilities associated with assets held for sale - 2,331
80. Other liabilities 4,154,680 2,735,807
90. Provision for post-employment benefits 277,276 289,641
100. Provisions for risks and charges: 397,084 489,485
a) commitments and guarantees granted 61,025 54,005
b) pension and similar obligations 81,200 86,756
c) other provisions for risks and charges 254,859 348,724
110. Technical reserves 2,250,864 2,210,294
120. Valuation reserves 50,712 (79,938)
140. Equity instruments 397,948 -
150. Reserves 3,499,465 3,276,589
160. Share premiums 3,294,604 3,294,604
170. Share capital 2,843,177 2,843,177
180. Treasury shares (-) (27,203) (28,111)
190. Minority interests (+/-) 44,861 58,230
200. Profit (loss) for the period/year (+/-) 184,285 233,103
Total liabilities and equity 134,533,317 126,615,985
Mandatory IS
UBI Banca Group: consolidated income statement - mandatory statement -
Figures in thousands of euro 1H 2020 1H 2019 restated
10. Interest and similar income 1,004,984 1,104,669
- of which: interest income calculated with the effective interest method 985,105 1,001,942
20. Interest and similar expense (158,531) (182,054)
30. Net interest income 846,453 922,615
40. Fee and commission income 939,847 925,790
50. Fee and commission expense (113,780) (111,228)
60 Net fee and commission income 826,067 814,562
70. Dividends and similar income 5,518 7,472
80. Net trading income (loss) 23,164 871
90. Net hedging income (loss) (14,613) (8,036)
100. Income (losses) from disposal or repurchase of: 72,299 23,290
a) financial assets measured at amortised cost 7,255 (4,220)
b) financial assets measured at fair value through other comprehensive income 67,140 28,865
c) financial liabilities (2,096) (1,355)
110. Net income (loss) from other financial assets and liabilities measured at fair value through profit or loss 7,061 42,811
a) financial assets and liabilities designated at fair value 13,222 292
b) other financial assets mandatorily measured at fair value (6,161) 42,519
120. Gross income 1,765,949 1,803,585
130. Net impairment losses for credit risk relating to: (341,489) (393,378)
a) financial assets measured at amortised cost (337,288) (391,624)
b) financial assets measured at fair value through other comprehensive income (4,201) (1,754)
140. Profits (losses) from contractual modifications without derecognition (17,462) (10,437)
150. Financial income 1,406,998 1,399,770
160. Net insurance premiums 151,962 159,533
170. Other income/expenses of insurance operations (154,217) (173,285)
180. Net income from banking and insurance operations 1,404,743 1,386,018
190. Administrative expenses (1,157,591) (1,258,548)
a) staff costs (678,208) (784,110)
b) other administrative expenses (479,383) (474,438)
200. Net provisions for risks and charges (8,056) (286)
a) commitments and guarantees granted (8,181) 1,943
b) other net provisions 125 (2,229)
210. Depreciation and net impairment losses on property, plant and equipment (71,432) (69,626)
220. Amortisation and net impairment losses on intangible assets (41,369) (37,218)
230. Other net operating income/expense 137,148 143,197
240. Operating expenses (1,141,300) (1,222,481)
250. Profits (losses) of equity investments 22,827 19,421
260. Net income (loss) from fair value change in property, plant and equipment and intangible assets (8,718) -
280. Profit (loss) from disposal of investments 18,180 4,188
290. Profit (loss) before tax on continuing operations 295,732 187,146
300. Taxes on income for the year for continuing operations (90,716) (40,086)
310. Profit (loss) after tax from continuing operations 205,016 147,060
330. Profit (loss) for the period 205,016 147,060
340. (Profit) loss for the period attributable to minority interests (20,731) (13,658)
350. Profit (loss) for the period attributable to the shareholders of the Parent 184,285 133,402
Loan tables
UBI Banca Group: Loan tables
Loans and advances to customers measured at amortised cost as at 30th June 2020
Figures in thousands of euro Gross exposure Impairment losses Carrying amount Coverage ratio excluding write-offs Coverage ratio including write-offs
Non-performing exposures (Stage three) (7.48%) 6,568,648 2,661,844 (4.61%) 3,906,804 40.52% 52.96%
- Bad loans (3.84%) 3,377,032 1,770,187 (1.90%) 1,606,845 52.42% 68.38%
- Unlikely-to-pay loans (3.50%) 3,078,068 880,681 (2.59%) 2,197,387 28.61% 29.34%
- Past-due exposures (0.13%) 113,548 10,976 (0.12%) 102,572 9.67%
Performing exposures (Stages one and two) (92.52%) 81,304,495 472,164 (95.39%) 80,832,331 0.58%
Total 87,873,143 3,134,008 84,739,135 3.57%
Loans and advances to customers measured at amortised cost as at 31st March 2020
Figures in thousands of euro Gross exposure Impairment losses Carrying amount Coverage ratio excluding write-offs Coverage ratio including write-offs
Non-performing exposures (Stage three) (7.51%) 6,673,244 2,639,851 (4.70%) 4,033,393 39.56% 52.03%
- Bad loans (3.84%) 3,414,032 1,758,613 (1.93%) 1,655,419 51.51% 67.66%
- Unlikely-to-pay loans (3.55%) 3,154,776 872,276 (2.66%) 2,282,500 27.65% 28.34%
- Past-due exposures (0.12%) 104,436 8,962 (0.11%) 95,474 8.58%
Performing exposures (Stages one and two) (92.49%) 82,195,800 451,079 (95.30%) 81,744,721 0.55%
Total 88,869,044 3,090,930 85,778,114 3.48%
Loans and advances to customers measured at amortised cost as at 31st December 2019
Figures in thousands of euro Gross exposure Impairment losses Carrying amount Coverage ratio excluding write-offs Coverage ratio including write-offs
Non-performing exposures (Stage three) (7.80%) 6,838,473 2,667,009 (4.93%) 4,171,464 39.00% 50.92%
- Bad loans (4.05%) 3,555,090 1,847,960 (2.02%) 1,707,130 51.98% 67.12%
- Unlikely-to-pay loans (3.62%) 3,172,926 809,849 (2.79%) 2,363,077 25.52% 26.09%
- Past-due exposures (0.13%) 110,457 9,200 (0.12%) 101,257 8.33%
Performing exposures (Stages one and two) (92.20%) 80,853,909 461,340 (95.07%) 80,392,569 0.57%
Total 87,692,382 3,128,349 84,564,033 3.57%
Loans and advances to customers measured at amortised cost as at 30th June 2019
Figures in thousands of euro Gross exposure Impairment losses Carrying amount Coverage ratio excluding write-offs Coverage ratio including write-offs
Non-performing exposures (Stage three) (9.97%) 9,002,822 3,690,587 (6.17%) 5,312,235 40.99% 49.55%
- Bad loans (5.70%) 5,146,645 2,663,714 (2.88%) 2,482,931 51.76% 62.60%
- Unlikely-to-pay loans (4.20%) 3,794,244 1,020,242 (3.22%) 2,774,002 26.89% 27.53%
- Past-due exposures (0.07%) 61,933 6,631 (0.06%) 55,302 10.71%
Performing exposures (Stages one and two) (90.03%) 81,282,373 520,457 (93.83%) 80,761,916 0.64%
Total 90,285,195 4,211,044 86,074,151 4.66%

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UBI Banca – Unione di Banche Italiane Scpa published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 08:53:18 UTC