Consolidated
Interim Report
at 30thJune 2013Since 1960 in line with tradition
and common sense
These are the principles behind the way Banca del
Sempione and its entire Group have been doing
busi-ness for three generations. They are fundamental
values to build durable and sincere relationships with
our customers, sensitive also to families and their
problems, careers, and friends, which, in our way of
measuring wealth, form an essential part of it. Here is
what distinguishes Banca del Sempione: the ability
to be a true, reliable, and objective partner in the
most difficult decisions, without ulterior motives in
suggesting and in recommending, like a friend in
the deepest and most beautiful sense of the word.
30thJune 2013
Banca del Sempione SA
Board of Directors of Banca del Sempione SA Fiorenzo Perucchi 1) 2)chairman
Günter Jehring1)vice chairman
Francesco Arcucci2) Bruno Armao Sergio Barutta1) 2) Giampio Bracchi Massimiliano Danisi Giuseppe Franchi1) 2) Sandro Medici1) Silvio Tarchini2) Auditor PricewaterhouseCoopers, Lugano
1 members of executive board 2 independent members
Management of the Banca del Sempione SA Stefano Rognageneral manager Giordano Bellottideputy general manager Massimo Gallacchimanager
Pietro Scibonamanager Athos Waltermanager
Submanagement of the Banca del Sempione SA Carlo Buonomanager Michele Donellijoint manager Silvia Jehringjoint manager
Arianna Baccalà Ghommidhassistant manager Marco Cappelleriassistant manager
Giuliano Flemattiassistant manager Angelo Gilardoniassistant manager Antonella Novatiassistant manager Dario Piffarettiassistant manager Maria Quagliozziassistant manager Massimo Valsangiacomoassistant manager Peter Wüstassistant manager
Banca del Sempione SA
Internal auditors
Frank Leisinger chief inspector Gabriele Domenighettiinspector
Management of the branches of the Banca del Sempione SA
Chiasso
Roberto Picciolimanager–branch manager
Bellinzona
Ermes Bizzozerojoint manager–branch manager
Locarno–Muralto
Claudio Laniniassistant manager–branch manager
(Amount expressed in CHF 1’000) 30.06.2013 31.12.2012 Change
Assets
Cash 78'746 109'294 –30'548
Due from banks 193'388 171'332 22'056
Due from customers 109'992 100'598 9'394
Mortgages 101'688 103'796 –2'108
Securities and precious metal trading portfolios 3'125 2'458 667
Financial investments 143'023 148'525 –5'502
Non consolidated participations 20 20
Fixed assets 31'849 32'322 –473
Intangible assests 315 447 –132
Accrued income and prepaid expenses 5'678 7'951 –2'273
Other assets 24'659 21'369 3'290
Total assets 692'483 698'112 –5'629
Liabilities
Due to banks 16'444 7'948 8'496
Due to customers in savings and investment accounts 58'165 57'532 633
Due to customers, others 449'654 466'509 –16'855
Accrued expenses an d deferred income 3'928 4'054 –126
Other liabilities 33'368 26'251 7'117
Value adjustments and provisions 12'633 12'608 25
Reserves for general banking risks 15’910 15’910
Share capital 20’000 20’000
Reserves and retained earnings 81'544 77'041 4'503
Minority interests in shareholders’equity 837 850 –13
Net income 9'409 –9'409
of which minority interests 14 –14
Total liabilities 692'483 698'112 –5'629
Off–balance sheet transactions
Contingent liabilities 8'287 6'039 2'248
Irrevocable commitments 2'760 2'760
Liabilities for calls on share and other equities 50 50
Derivative financial instruments
– Contract volumes 4'476'603 3'800'145 676'458
– Positive replacement values 23'242 20'566 2'676
– Negative replacement values 23'725 20'307 3'418
Fiduciary transactions 12'459 40'871 –28'412
Total Assets under control (including assets consolidated twice) 3'691'843 3'556'373 135'470
CONSOLIDATED BALANCE SHEET AT 30.06.2013
Fully consolidated companies Share capital Interest in %
Banca del Sempione (Overseas) Ltd, Nassau Bank and Trust CHF 5’000’000 100,0
BDS Corporate Services Ltd, Nassau Financial USD 100’000 100,0
Imocentro SA, Lugano Real Estate CHF 700’000 100,0
Finrate SA, Lugano Financial CHF 200’000 100,0
Accademia SGR SpA, Milano Asset Management EUR 1’942’800 93,7
Sempione SIM SpA, Milano Asset Management EUR 2’500’000 81,4
(Amount expressed in CHF 1’000) 30.06.2013 30.06.2012 Change
REVENUES AND EXPENSES FROM ORDINARY BANKING ACTIVITIES Result from interest activities
Interest and discount income 1'565 1'781 –216
Interest and dividend income on trading portfolios 36 32 4
Interest and dividend income on financial investments 1'319 877 442
Interest expense –222 –159 –63
Net interest income (subtotal) 2'698 2'531 167
Result from commission and service fee activities
Commission income on lending activities 54 65 –11
Commission income on securities and investment activities 16'151 12'715 3'436
Commission income on other services 1'329 1'290 39
Commission expenses –1'428 –1'033 –395
Result from commission and service fee activities (subtotal) 16'106 13'037 3'069
Result from trading operations 2'462 2'863 –401
Other ordinary results
Results from the sale of financial investments 397 33 364
Income from non–consolidated participations 11 3 8
Real estate income 355 389 –34
Other ordinary income 7 239 –232
Other ordinary expenses –140 –14 –126
Other ordinary results (subtotal) 630 650 –20
Total income 21'896 19'081 2'815
Operating expenses
Personnel expenses –10'113 –9'544 –569
Other operating expenses –4'236 –4'133 –103
Total operating expenses (subtotal) –14'349 –13'677 –672
Gross Profit 7'547 5'404 2'143
Total depreciation and amortization, value adjustments and provisions were unchanged from the previous corresponding period.
CONSOLIDATED INCOME STATEMENT AT 30.06.2013
ADDRESSES
Head Office, General Management Lugano
Banca del Sempione SA Via Peri 5 CH–6900 Lugano Tel. +41 (0)91 910 71 11 Fax +41 (0)91 910 71 60 www.bancadelsempione.ch [email protected] Swift code: BASE CH22
Branches Bellinzona
Banca del Sempione SA Viale Stazione 8a CH–6500 Bellinzona Tel. +41 (0)91 910 71 11 Fax +41 (0)91 825 81 34 Chiasso
Banca del Sempione SA Piazza Boffalora 4 CH–6830 Chiasso Tel. +41 (0)91 910 71 11 Fax +41 (0)91 683 99 06 Locarno–Muralto Banca del Sempione SA Piazza Stazione 9 CH–6600 Locarno–Muralto Tel. +41 (0)91 910 71 11 Fax +41 (0)91 743 63 49 Subsidiaries Accademia SGR SpA Piazza Borromeo 14 I – 20123 Milan, Italy Tel. +39 02 36 567 003 Fax +39 02 36 567 183 www.accademiasgr.it
Sempione SIM Società di Intermediazione Mobiliare SpA Head Office, General Management
Via M. Gonzaga, 2 I – 20123 Milan, Italy Tel. +39 02 303 03 51 Fax +39 02 303 035 122/124 Lecco Branch
Piazza Lega Lombarda, 3 | 4th floor, staircase A 23900 Lecco, Italy
Tel. +39 0341 36 97 06 Fax. +39 0341 37 06 30 www.sempionesim.it
Banca del Sempione (Overseas) Ltd. George House, George Street
Nassau, The Bahamas Tel. +1 242 322 80 15 Fax +1 242 356 20 30
