Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Loans and receivables are recognized on the date of contract signing, which normally coincides with the date of disbursement to the borrower.
These items include debt instruments with the above characteristics or that are subject to portfolio reclassification in accordance with the rules of IAS 39 (see Part A.3.1 below - Transfers between portfolios) and the net value of finance leases of assets under construction or awaiting lease, provided the leases have the characteristics of contracts entailing the transfer of risk.
After initial recognition at fair value, which usually is the price paid including transaction costs and income which are directly attributable to the acquisition or issuance of the financial asset (even if not paid), a loan or receivable is measured at amortized cost using the effective interest method, allowances or reversals of allowances being made where necessary on remeasuring.
A gain or loss on loans and receivables is recognized in profit or loss:
• when a loan or receivable is derecognized: in item 100 (a) “Gains (losses) on disposal”;
or:
• when a loan or receivable is impaired: in item 130 (a) “Impairment losses (a) loans and receivables”.
Interest on loans and receivables is recognized in profit or loss on an accrual basis under item 10 “Interest income and similar revenue”.
Delay interest is taken to the income statement on collection or receipt.
Loans and receivables are reviewed in order to identify those that, following events occurring after initial recognition, show objective evidence of possible impairment. These impaired loans are reviewed and analysed periodically at least once a year.
A loan or receivable is deemed impaired when it is considered that it will probably not be possible to recover all the amounts due according to the contractual terms, or equivalent value.
Allowances for impairment of loans and receivables are based on the present value of expected cash flows of principal and interest; in determining the present value of future cash flows, the basic requirement is the identification of estimated collections, the timing of payments and the rate used.
The amount of the loss on impaired exposures classified as non-performing, doubtful or restructured according to the categories specified below, is the difference between the carrying value and the present value of estimated cash flows discounted at the original interest rate of the financial asset.
If the original interest rate of a financial asset being discounted cannot be found, or if finding it would be excessively onerous, the average rate was applied that was recorded for positions with similar characteristics, which had not deteriorated in the year in which the original deterioration of the asset concerned occurred. For all fixed-rate positions, the rate determined in this manner was also held constant in future years.
Recovery times are estimated on the basis of any repayment schedules agreed with the borrower or included in a business plan or in forecasts based on historical recovery experience observed for similar classes of loans, taking into account the type of loan, the geographical location, the type of security and any other factors considered relevant.
Any subsequent change vis-à-vis initial expectations of the amount or timing of expected cash flows of principal and interest causes a change in allowances for impairment and is recognized in profit or loss in item 130(a) “Impairment losses (a) loans and receivables”.
Write-downs of impaired loans are classified as specific in the relevant income statement item even when the calculation is flat-rate or statistical, as indicated in the previous chapter.
When the reasons for the impairment no longer exist, and this assessment is objectively attributable to an event occurred after the impairment, a reversal is made in the same profit or loss item, within the amount of the amortized cost that there would have been if there had been no impairments.
Derecognition of a loan or receivable in its entirety is made when the loan or receivable is deemed to be irrecoverable or is written off. Write-offs are recognized directly in profit or loss under item 130(a) “Impairment losses (a) loans and receivables”
and reduce the amount of the principal of the loan or receivable. Reversals of all or part of amounts previously written off are recognized in the same item.
Loans under renegotiation involving a debt/equity swap are valued, pending swap finalization, on the basis of the conversion agreements entered into on the balance-sheet date.
Any negative differences between the value of the loans and the fair value of the shares are taken to profit and loss as write-downs.
105
statements of financial institutions, it should be noted that with reference to the non-performing portfolio, the Group’s activities are mainly focused on the following:
• prompt action. With a solid and effective monitoring and reporting process, the early identification of possible credit quality deterioration allows the Group to promptly undertake any necessary forbearance practices as well as restrictive management measures aimed at risk reduction in the early phases prior to the potential default; all forbearance measures aim at the timely identification and proper management of exposures with increased risk at a stage where the Bank has not yet initiated expropriation or similar enforcing proceedings and the borrower is still able to service the debt;
• proper assessment of the impaired loans, in order to define the strategies/actions to be taken and the applicable default classification;
• initiating recovery procedures on the basis of the type and amount of the exposure and the specific borrower involved;
• appropriate provisioning through profit and loss in line with the relevant recovery strategies and plans as well as the type of exposure. Provisioning is carried out in line with the principles of IAS 39 and Basel 2 rules;
• accurate and regular reporting in order to monitor aggregate portfolio risk over time.
Each Legal Entity shall classify positions into the various default categories in compliance with legal and regulatory provisions issued by local regulators.
As a result, and since UniCredit, in its role as Parent Company, is required to obey the instructions issued by the Italian regulator, suitable measures are taken with respect to the Group’s foreign Legal Entities to homogenize and align classifications which otherwise would not be consistent with the appropriate default categories.
Exposures subject to modifications as a result of forbearance practices are classified as impaired loans when the conditions for their classification into the various impaired loans categories are met.
The accounting policies on assessment and credit risk provisioning of loans subject to modifications as a result of forbearance practices conform with the general rule, i.e. whether there is objective evidence that an impairment loss on loans or held-to-maturity investments (measured at amortized cost) has been incurred, the amount of the loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not yet been incurred) discounted at the financial asset's original effective interest rate. The amount of the loss is recognized in item 130. of the income statement under “Impairment losses” and the carrying amount of the asset is reduced.
In more detail, if the terms of a loan, receivable or held-to-maturity investment are renegotiated or otherwise modified because of the borrower’s financial difficulties, this is considered to be objective evidence of impairment in
accordance with IAS 39.
With specific reference to forbearance practices, a position is classified as “restructured loan” according to the Bank of Italy’s instructions on impaired loans classification when a rescheduling agreement has been entered into including renegotiated pricing at interest rates below market, the conversion of part of a loan into shares and/or reduction of principal. Measurement of restructured loans is on a loan-by-loan basis, including also discounted cost due to renegotiation of the interest rate at a lower rate than the original contractual rate.
Restructured exposures may be reclassified to “performing loans” when at least two years have elapsed from the closing of the restructuring agreement and a resolution has been passed by the competent corporate bodies stating that the borrower is again able to service the debt and all outstanding exposures have been paid.
Please note that the accounting and regulatory classification policies regarding Restructured Loans have not changed with respect to the previous years.
7 According to the ESMA document no. 2012/853 of December 20, 2012, “forbearance measures occur in situations in which the borrower is considered to be unable to meet the terms and conditions of the contract due to financial difficulties. Based on these difficulties, the issuer decides to modify the terms and conditions of the contract to allow the borrower sufficient ability to service the debt or refinance the contract, either totally or partially.”
I
The tables below show respectively:
• impaired loans to customers classified as “restructured loans” according to Bank of Italy rules, broken down by country of residence;
• loans to customers subject to forbearance measures under collective agreements entered into by Banking Associations/Federations or in compliance with the rules and regulations of the countries where the Group operates, which provide for the temporary suspension of the payment of installments (for principal and/or interest).
Restructured loans are concentrated in Italy and Germany, which account for about 73% of the total.
In general, there is rough proportionality between the geographical distribution of restructured customer loans and the volumes of impaired loans.
The table above sets out details of exposures that provide for the temporary suspension of payments (both principal and/or interest), renegotiated under collective agreements entered into by the Banking Associations/Federations or in compliance with the regulations in force in the countries where the Group is present. Forborn exposures whose payments (both principal and/or interest) have been regularly made for more than two years are also detailed.
Customer loans renegotiated under collective agreements are mainly concentrated in Italy.
For more information see also previous chapter A. Credit Quality.
C US T O M E R LO A N S - R E S T R UC T UR E D P O S IT IO N S (€ thousands)
Amounts as at 06.30.2013
COUNTRY Net exposure % on total
Italy 2,943,392 54.3%
Germany 1,004,544 18.5%
Austria 430,775 8.0%
Poland 403,732 7.5%
CEE Division 634,678 11.7%
Total 5,417,121 100.0%
Total write-downs 2,578,818
Coverage ratio 32.3%
Custom er Loans - Exposures renegotiated under collective agreem ents (€ '000)
Banking Group and other consolidated Com panies
Gross Exposure
Portfolio adjustm ents
Net exposure
Gross Exposure
Portfolio adjustm ents
Net exposure
Gross Exposure
Portfolio adjustm ents
Net exposure Loans and receivables w ith customers (item 70 BS)
- Exposures renegotiated in application of collective agreements 3,452,368 8,762 3,443,606 211,835 2,843 208,992 214,377 3,793 210,584 3,863,182
Total (Net exposure) 06.30.2013 Other perform ing Past due 1 - 90 days Past due 91 - 180 days
Portafolio/Quality Perform ing
107
8 Sovereign exposures are bonds issued by and loans given to central and local governments and governmental bodies. ABSs are not included.
Nom inal value Book value Fair Value
- Italy 47,283,166 49,271,765 49,170,938
financial assets/liabilities held for trading (net exposures1) 6,165,211 6,552,090 6,552,090
financial assets at fair value through profit or loss 121,096 123,393 123,393
available for sale financial assets 37,734,685 39,350,735 39,350,735
loans and receivables 216,415 218,925 184,122
held to maturity investments 3,045,758 3,026,622 2,960,598
- Germ any 22,775,617 23,258,080 23,265,265
financial assets/liabilities held for trading (net exposures1) 1,393,349 1,412,681 1,412,681 financial assets at fair value through profit or loss 19,365,668 19,807,459 19,807,459
available for sale financial assets 250,600 253,692 253,692
loans and receivables 1,766,000 1,784,249 1,791,433
held to maturity investments - -
- Poland 8,019,642 8,350,526 8,350,760
financial assets/liabilities held for trading (net exposures1) -3,246 13,796 13,796
financial assets at fair value through profit or loss - -
available for sale financial assets 6,658,929 6,962,697 6,962,697
loans and receivables 847,971 854,661 854,661
held to maturity investments 515,988 519,373 519,606
- Austria 5,113,213 6,184,018 6,186,117
financial assets/liabilities held for trading (net exposures1) -113,005 177,190 177,190
financial assets at fair value through profit or loss 21,827 28,183 28,183
available for sale financial assets 5,067,501 5,838,599 5,838,599
loans and receivables - -
held to maturity investments 136,890 140,047 142,146
- Turkey (2) 2,563,844 2,961,888 2,915,375
financial assets/liabilities held for trading (net exposures1) -36,780 31,687 31,687
financial assets at fair value through profit or loss - -
available for sale financial assets 1,777,004 1,969,855 1,969,855
loans and receivables - -
held to maturity investments 823,620 960,345 913,832
- Czech Republic 2,928,066 2,373,923 2,373,979
financial assets/liabilities held for trading (net exposures1) 549,118 84,157 84,157
financial assets at fair value through profit or loss 482,993 250,047 250,047
available for sale financial assets 1,895,547 2,039,306 2,039,306
loans and receivables - -
held to maturity investments 409 413 469
- Hungary 1,757,846 1,759,001 1,759,175
financial assets/liabilities held for trading (net exposures1) 30,810 6,447 6,447
financial assets at fair value through profit or loss - -
available for sale financial assets 1,711,403 1,736,811 1,736,811
loans and receivables 7,085 7,052 7,052
held to maturity investments 8,549 8,692 8,865
- Rom ania 1,056,632 1,115,952 1,115,952
financial assets/liabilities held for trading (net exposures1) 42,136 71,138 71,138
financial assets at fair value through profit or loss - -
available for sale financial assets 1,014,496 1,044,814 1,044,814
loans and receivables - -
held to maturity investments - -
-Total on-balance sheet exposures 91,498,027 95,275,154 95,137,561
(1) including exposures in Credit Derivatives.
(2) amounts recognized using proportionate consolidation w ith reference to the ow nership percentage for exposures held by joint ventures.
Country / portfolio Am ounts as at 06.30.2013
I
The weighted duration of the sovereign bonds shown in the table above, divided by the banking9 and trading book, is the following:
The remaining 10% of the total of sovereign debt securities, amounting to €10,777 million with reference to the book values as at June 30, 2013, is divided into 45 countries, among which the Spain (€379 million), US (€142 million), Ireland (€52 million), and Portugal (€30 million). These exposures were not subject to impairment at June 30, 2013.
There is no exposure toward Greece sovereign bonds.
The table below shows the classification of bonds belonging to the banking book and their percentage proportion of the total of the portfolio under which they are classified.
In addition to the exposures to sovereign debt securities, loans10 given to central and local governments and governmental bodies must be taken into account.
9 The banking book includes assets at fair value through profit or loss, available-for-sale assets, held to maturity assets and loans.
10 Tax items are not included.
Weighted duration (years)
Banking book Trading book
- Italy 2.87 0.85
- Germany 2.36 5.28
- Poland 4.13 -0.53
- Austria 5.84 7.58
- Turkey 5.29 4.46
- Czech Republic 3.75 1.31
- Hungary 1.68 -3.74
- Romania 2.09 1.49
Breakdow n of Sovereign Debt Securities by Portfolio (€ '000)
Financial asstes at fair value
Available for sale
financial asstes Loans Held to m aturity
investm ents Total
Book value 25,233,346 63,096,155 3,453,676 4,764,409 96,547,586
% Portfolio 90.33% 78.71% 0.58% 87.82% 13.54%
Am ounts as at 06.30.2013
109
Lastly, it should be noted that derivatives are traded within the ISDA master agreement and accompanied by Credit Support Annexes, which provide for the use of cash collaterals or low-risk eligible securities.
For more details on the sensitivity analysis of credit spreads and on the results of stress tests see the Greece Exit, the Widespread Contagion, the Sovereign Debt Tension and the Emerging Markets Slowdown scenarios in chapters 2.7 and 2.8. of the Section 2 – Market risk below, and for liquidity management policies see Section 3 – Liquidity risk below.
8,329,648
- Italy 7,501,942
- Austria (2) 5,725,205
- Croatia 2,665,380
- Poland 1,505,150
- Indonesia 507,569
- Hungary 200,654
- Bosnia-Herzegovina 200,272
- Brazil 189,364
- Serbia 174,315
- Slovenia 155,995
Total on-balance sheet exposures 27,155,493
(1) of w hich 975,644 in financial assets held for trading and those at fair value through profit or loss.
(2) of w hich 227,009 in financial assets held for trading and those at fair value through profit or loss.
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Credit Risk: on/off balance sheet information to banks (€ '000)
EXPOSURES/PORTFOLIO
AMOUNTS AS AT 06.30.213
BALANCE-SHEET EXPOSURES
OFF-BALANCE SHEET EXPOSURES FINANCIAL ASSETS HELD FOR
TRADING
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR
LOSS
AVAILABLE FOR SALE FINANCIAL ASSETS
HELD TO MATURITY FINANCIAL INSTRUMENTS
LOANS AND RECEVAIBLES WITH BANKS
NON-CURRENT ASSETS AND DISPOSAL GROUPS CLASSIFIED AS HELD FOR
SALE
TOTAL A+B as at 06.30.2013 6,933,833 6,431,918 7,036,701 6,257,485 10,865,869 10,123,853 367,056 1,268,218 67,023,797 69,058,902 8,116 60,410 33,530,652 48,117,784 TOTAL A+B as at 12.31.2012 6,173,261 6,199,191 6,104,495 7,053,624 10,503,946 9,940,423 785,402 2,441,156 74,560,356 65,570,084 172,055 57,704 50,791,174 72,026,383
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EXPOSURES/PORTFOLIO
HELD FOR TRADING FAIR VALUE THROUGH
PROFIT OR LOSS FINANCIAL ASSETS FINANCIAL
INSTRUMENTS
RECEIVABLES WITH
CUSTOMERS GROUPS CLASSIFIED AS HELD FOR SALE
GROSS EXPOSURE
AVERAGE EXPOSURE
GROSS EXPOSURE
AVERAGE EXPOSURE
GROSS EXPOSURE
AVERAGE EXPOSURE
GROSS EXPOSURE
AVERAGE EXPOSURE
GROSS EXPOSURE
AVERAGE EXPOSURE
GROSS EXPOSURE
AVERAGE EXPOSURE
GROSS EXPOSURE
AVERAGE EXPOSURE
A. Balance sheet exposures
a) Non-performing loans - - - - 54,043 51,359 15,395 15,545 46,720,362 45,435,623 - 669,241 - -
b) Doubtful loans - - - - 73,712 41,406 1,992 3,377 23,082,128 21,840,953 13,904 140,819 - -
c) Restructured exposures 2,304 1,524 - - 3,442 13,362 6,413 2,138 8,120,740 8,100,354 - 32,898 - -
d) Past due exposures - - - - - 5,720 13 2,806 5,030,121 4,963,072 641 3,739 - -
e) Other assets 20,759,512 17,591,753 20,350,466 18,063,554 70,747,483 65,373,472 5,052,200 5,151,453 488,940,472 503,056,688 11,596 622,060 - -
Total A 20,761,816 17,593,276 20,350,466 18,063,554 70,878,680 65,485,319 5,076,013 5,175,318 571,893,823 583,396,690 26,141 1,468,758 - -
B. Off-balance sheet exposures
a) Impaired - - - - - - - - - - - - 3,698,448 3,546,589
b) Others - - - - - - - - - - - - 198,697,066 199,909,345
Total B - - - - - - - - - - - - 202,395,514 203,455,934
TOTAL A+B as at 06.30.2013 20,761,816 17,593,276 20,350,466 18,063,554 70,878,680 65,485,319 5,076,013 5,175,318 571,893,823 583,396,690 26,141 1,468,758 202,395,514 203,455,934 TOTAL A+B as at 12.31.2012 14,575,351 16,898,712 18,392,551 17,475,982 65,248,671 58,856,563 5,439,794 5,339,232 585,325,799 591,619,271 4,365,550 1,472,975 193,443,853 212,477,583
I
Distribution of on-B/S and off-B/S exposures to banks by geographic area (€ '000)
AMOUNT AS AT 06.30.2013
ITALY OTHER EUROPEAN COUNTRIES AMERICA ASIA REST OF THE WORLD
EXPOSURES/GEOGRAPHIC AREA GROSS EXPOSURE NET EXPOSURE GROSS EXPOSURE NET EXPOSURE GROSS EXPOSURE NET EXPOSURE GROSS EXPOSURE NET EXPOSURE GROSS EXPOSURE NET EXPOSURE
A. Balance sheet exposures
a) Non-performing loans - - 78,156 10,106 28,098 2,128 176,037 117,774 43 -
b) Doubtful loans 1,842 917 784 784 - - 7,614 5,859 - -
c) Restructured exposures - - 10,000 - - - 1,635 - - -
d) Past due exposures - - - - - - 12,708 11,874 - -
e) Other exposures 14,151,769 14,150,200 69,290,056 69,281,857 2,827,098 2,826,812 871,254 870,724 4,778,278 4,778,078
Total A 14,153,611 14,151,117 69,378,996 69,292,747 2,855,196 2,828,940 1,069,248 1,006,231 4,778,321 4,778,078
B. Off-Balance Sheet exposures - - - - -
a) Non-performing loans - - - - - - 2,007 2,007 - -
b) Doubtful loans - - - - - - - - - -
c) Other impaired assets - - 497,473 - 249 249 - - - -
e) Other exposures 1,214,366 1,214,297 24,890,959 24,886,504 1,030,259 1,030,240 2,020,008 2,019,836 774,511 774,490
Total B 1,214,366 1,214,297 25,388,432 24,886,504 1,030,508 1,030,489 2,022,015 2,021,843 774,511 774,490
TOTAL (A+B)
06.30.2013 15,367,977 15,365,414 94,767,428 94,179,251 3,885,704 3,859,429 3,091,263 3,028,074 5,552,832 5,552,568
TOTAL (A+B)
12.31.2013 19.863.711 19.861.590 111,159,577 111.039.219 6,182,120 6.146.422 3.468.896 3.402.528 5.072.199 5.069.386
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A. Balance sheet exposures
a) Non-performing loans 31,845,060 14,521,962 13,781,976 5,879,061 185,929 57,707 238,311 132,165 738,524 294,857
b) Doubtful loans 18,257,429 12,507,391 4,460,297 3,083,407 254,754 165,012 11,761 7,935 187,495 78,329
c) Restructured exposures 3,491,932 2,895,816 4,228,147 2,465,833 135,341 55,399 83,849 52,847 193,630 77,904
d) Past due exposures 4,084,747 3,492,824 797,529 657,585 4,825 4,397 187 123 143,487 86,732
e) Other exposures 276,828,788 275,462,380 298,175,513 297,016,566 7,298,205 7,267,876 3,156,972 3,140,681 20,402,251 20,285,805
Total A 334,507,956 308,880,373 321,443,462 309,102,452 7,879,054 7,550,391 3,491,080 3,333,751 21,665,387 20,823,627
B. Off-Balance Sheet
exposures - - - - -
a) Non-performing loans 226,380 166,475 785,847 489,349 470 469 19,530 13,456 32,133 8,687
b) Doubtful loans 1,038,330 969,977 157,256 115,315 116,233 63,526 - - 8,177 2,217
c) Other impaired assets 724,276 631,422 521,183 183,073 10 10 - - 68,623 59,170
e) Other exposures 64,906,683 63,971,317 99,730,886 99,688,670 3,923,023 3,921,686 1,069,012 1,068,853 28,401,503 28,395,004
Total B 66,895,669 65,739,191 101,195,172 100,476,407 4,039,736 3,985,691 1,088,542 1,082,309 28,510,436 28,465,078
TOTAL (A+B)
06.30.2013 401,403,625 374,619,564 422,638,634 409,578,859 11,918,790 11,536,082 4,579,622 4,416,060 50,175,823 49,288,705
TOTAL (A+B)
12.31.2012 394.329.242 367.887.533 424.153.034 411.225.685 12.682.938 12.356.755 9.567.722 8.007.515 44.637.463 43.864.368
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Distribution of on-B/S and off-B/S exposures to customers by business sector (1st part) (€ '000)
AMOUNTS AS AT 06.30.2013
Exposures/Business sector
GOVERNMENTS OTHER PUBLIC ENTITIES FINANCIAL COMPANIES
GROSS EXPOSURE TOTAL WRITEDOWNS NET EXPOSURE GROSS EXPOSURE TOTAL WRITEDOWNS NET EXPOSURE GROSS EXPOSURE TOTAL WRITEDOWNS NET EXPOSURE
A. Balance sheet exposures
a) Non-performing loans 9,094 9,052 42 28,337 18,892 9,445 628,072 454,346 173,726
b) Doubtful loans 1,409 580 829 155,126 21,600 133,526 412,530 144,602 267,928
c) Restructured exposures 1,463 2 1,461 12,403 6,587 5,816 129,283 62,844 66,439
d) Past due exposures 768 73 695 66,276 10,463 55,813 120,945 30,277 90,668
e) Other exposures 81,626,792 20,520 81,606,272 37,939,403 119,163 37,820,240 72,990,035 405,652 72,584,383
Total A 81,639,526 30,227 81,609,299 38,201,545 176,705 38,024,840 74,280,865 1,097,721 73,183,144
B. Off-Balance Sheet
exposures
a) Non-performing loans 85 85 X 8 6 2 43,896 10,873 33,023
b) Doubtful loans - - X 18,665 - 18,665 48,499 2,258 46,241
c) Other impaired assets - - X 303 56 247 4,927 106 4,821
e) Other exposures 2,981,210 167 2,981,043 13,850,512 2,642 13,847,870 36,816,280 921,000 35,895,280
Total B 2,981,295 252 2,981,043 13,869,488 2,704 13,866,784 36,913,602 934,237 35,979,365
TOTAL (A+B) 06.30.2013 84,620,821 30,479 84,590,342 52,071,033 179,409 51,891,624 111,194,467 2,031,958 109,162,509
TOTAL (A+B) 12.31.2012 78,379,084 29,602 78,349,482 51,550,029 181,127 51,368,902 109,417,043 2,137,122 107,279,921
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Exposures/Business sector GROSS EXPOSURE TOTAL WRITEDOWNS NET EXPOSURE GROSS EXPOSURE TOTAL WRITEDOWNS NET EXPOSURE GROSS EXPOSURE TOTAL WRITEDOWNS NET EXPOSURE A. Balance sheet exposures
a) Non-performing loans 25,682 13,501 12,181 32,024,007 17,146,511 14,877,496 14,074,608 8,261,746 5,812,862
b) Doubtful loans 2,068 397 1,671 18,329,996 5,494,547 12,835,449 4,270,607 1,667,936 2,602,671
c) Restructured exposures - - - 7,691,543 2,440,223 5,251,320 298,207 75,444 222,763
d) Past due exposures 291 48 243 3,688,113 494,822 3,193,291 1,154,382 253,431 900,951
e) Other exposures 1,904,382 3,917 1,900,465 254,975,593 1,243,638 253,731,955 156,425,524 895,531 155,529,993
Total A 1,932,423 17,863 1,914,560 316,709,252 26,819,741 289,889,511 176,223,328 11,154,088 165,069,240
B. Off-Balance Sheet exposures
a) Non-performing loans 123 27 96 962,616 341,888 620,728 57,632 33,045 24,587
b) Doubtful loans 4 2 2 1,219,814 144,075 1,075,739 33,015 22,627 10,388
c) Other impaired assets - - - 1,288,864 424,981 863,883 19,997 15,273 4,724
e) Other exposures 875,825 341 875,484 100,918,953 49,293 100,869,660 42,588,327 12,134 42,576,193
Total B 875,952 370 875,582 104,390,247 960,237 103,430,010 42,698,971 83,079 42,615,892
TOTAL (A+B) 06.30.2013 2,808,375 18,233 2,790,142 421,099,499 27,779,978 393,319,521 218,922,299 11,237,167 207,685,132
TOTAL (A+B) 12.31.2012 2,221,258 21,869 2,199,389 434,846,558 29,128,480 405,718,078 208,956,427 10,530,343 198,426,084
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Time breakdown by contractual residual maturity of financial assets
and liabilities (€ '000)
AMOUNTS AS AT 06.30.2013
ITEMS/MATURITIES ON DEMAND
1 TO 7 5 YEARS UNSPECIFIED
MATURITY
Balance sheet assets 113,527,585 17,460,036 13,680,168 26,414,099 45,954,988 40,389,183 58,980,043 223,267,535 200,847,674 16,641,843
A.1 Government securities 262,844 430,547 826,781 1,041,534 4,141,733 2,846,487 11,373,993 38,386,796 14,792,064 2,291
A.2 Other debt securities 86,400 3,379,473 373,066 347,688 1,812,987 1,644,457 7,268,980 37,828,233 22,929,630 174,956
A.3 Units in investment
funds 917,378 17 19,050 85,861 17,631 2,524,492
A.4 Loans 112,260,963 13,649,999 12,480,321 25,024,877 39,981,218 35,898,239 40,251,209 147,034,875 163,125,980 13,940,104
- Banks 31,944,772 3,729,765 2,838,793 3,802,373 4,224,860 3,420,474 2,370,078 803,485 1,264,952 9,135,981
- Customers 80,316,191 9,920,234 9,641,528 21,222,504 35,756,358 32,477,765 37,881,131 146,231,390 161,861,028 4,804,123 Balance sheet liabilities 286,215,488 16,918,957 12,768,844 32,132,448 70,874,158 34,005,253 47,602,432 153,938,296 51,996,375 8,004,557
B.1 Deposits and current
accounts 260,022,896 5,714,072 6,488,215 12,079,812 39,871,870 15,436,312 18,063,019 14,779,301 1,492,875 71,965
- Banks 16,618,985 1,752,291 596,704 2,426,069 3,940,818 881,470 847,258 3,646,453 332,659 8,819
- Customers 243,403,911 3,961,781 5,891,511 9,653,743 35,931,052 14,554,842 17,215,761 11,132,848 1,160,216 63,146
B.2 Debt securities 229,401 425,995 485,380 2,674,029 7,667,078 7,325,185 19,616,879 93,883,949 34,512,567 1,832,952
B.3 Other liabilities 25,963,191 10,778,890 5,795,249 17,378,607 23,335,210 11,243,756 9,922,534 45,275,046 15,990,933 6,099,640
Off-balance sheet
"transactions"
C.1 Physically settled
financial derivatives
- Long positions 3,082,999 9,571,194 9,986,854 15,430,848 34,076,168 27,935,512 27,833,227 16,434,773 4,065,946 20,402 - Short positions 3,231,921 9,248,183 10,020,823 15,373,211 34,006,113 28,871,796 27,896,972 17,375,342 3,921,433 20,015
C.2 Cash settled financial
derivatives
- Long positions 37,590,023 2,465,667 897,952 2,947,891 10,623,386 3,743,691 3,646,861 14,367,363 8,937,907 36,216
- Short positions 35,584,501 2,523,803 898,302 2,967,515 10,636,473 3,723,681 3,698,959 14,402,863 8,923,099 36,216
C.3 Deposit to be received
- Long positions 34,352,729 6,267,031 801,448 2,620,259 4,462,339 10,499,665 5,181,113 26,425,164 3,161,698 1,528,542 - Short positions 58,247,935 2,174,348 913,147 2,308,139 2,780,556 6,880,500 5,700,908 13,687,691 1,089,329 1,517,434
C.5 Written guarantees 1,665,412 16,965 4,121 45,320 130,982 143,468 370,020 656,865 578,199
C.6 Financial guarantees
C.8 Cash settled credit
derivatives
- Long positions 32,789 54,000 152,000 231,178 493,013 1,976,100 197,000
- Short positions 32,789 1,000 33,000 120,179 280,014 676,100
The overall amount of net write-downs related to the Banking Group, "Other exposures" included, booked in H1 2013 are:
- Loans to banks (writebacks): 1,000 €/thousands;
- Loans to customers: 2,867,115 €/thousands.
B.1 Writedow ns 8,311 1,013 0 14 9,338 2,432,932 1,626,549 408,516 450,758 4,918,755
B.1. bis Losses on disposal (+) 0 0 0 0 0 4,421 0 0 0 4,421
B.2 Transfer from other impaired exposure categories 0 1,482 0 740 2,222 1,672,271 596,563 81,536 40,568 2,390,938
B.3 Other increases 657 2,190 70 45 2,962 473,025 316,315 138,207 164,602 1,092,149
C. Reductions 31,759 3,768 0 1,503 37,030 5,116,000 2,732,224 582,941 650,241 9,081,406
C.1 Write-backs from assessment 1 0 0 0 1 552,972 279,056 29,340 42,061 903,429
C.2 Write-back from recoveries 7,938 148 0 21 8,107 684,403 273,556 161,255 52,001 1,171,215
C.2 bis Gains on disposal (-) 0 0 0 0 0 2,531 0 0 49 2,580
C.3 Write-offs 8,323 2,650 0 0 10,973 2,330,948 202,247 13,815 28,301 2,575,311
C.4 Transfer from other impaired exposure categories 0 740 0 1,482 2,222 53,997 1,634,018 350,521 352,402 2,390,938
C.5 Other reductions 15,497 230 0 0 15,727 1,491,149 343,347 28,010 175,427 2,037,933
D. Final gross w ritedow ns 152,326 2,680 11,635 834 167,475 25,904,048 7,329,662 2,585,100 789,114 36,607,924
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