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2016 - P&L and structure highlights

Including the impacts of the costs forecast for the implementation of the 2019/2020 Business Plan recognised “up front” from June 2016 (€850 million net approx.), the extraordinary contributions to the Resolution Fund (€50.4 million net) and the write-down of the Atlante Fund (€52.9 million net) are all included, then 2016 ends with a loss of €830.2 million (a profit of €116.8 million in 2015).

 

 

Net of the impacts of the 2019/2020 Business Plan and of extraordinary items, the year 2016 ended with a normalised profit of €111.6 million, affected by a significant reduction in the contribution from finance activities (€153.7 million compared with €290.6 million in 2015) and higher ordinary contributions to the Resolution Fund and to the Deposit Guarantee Scheme amounting to €33.2 million in 2016. This compares with a normalised profit of €189 million in 2015.

 

   

***

 

The effect of the Purchase Price Allocation on FY2016 reclassified income statement was negative by approximately 18.6 million euro. It was allocated as follows: -19.7 million euro on net interest income, -10.6 million euro on net impairment losses on property, plant and equipment and intangible assets, +10 million euro on taxes and +1.7 million euro on profit attributable to minorities.

The items in the table below already include the effect of the Purchase Price Allocation.  

 


 

 

UBI Banca Group - Consolidated reclassified economical data (million euro)

                                       31/12/2016          30/09/2016             30/06/2016           31/03/2016

Operating Income3,1192,3341,588773

of which: Net Interest Income1,4981,133    766388

of which: Net Commission Income1,335989    667337

Operating Costs2,1531,553 1,038528

of which: Staff Costs1,275954    639320

Profit (loss) on Continuing Operations before taxes(749)(672)    (732)84

Profit (loss) for the period(830)(755)   (787)42

 

UBI Banca Group - Structural data (number)

                                   31/12/2016              30/09/2016               30/06/2016           31/03/2016

Total workforce17,56017,573  17,59017,511

Branches in Italy1,5241,532   1,5311,554

Financial Advisors787808    831839

 

UBI Banca Group - Schemes