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2017 - P&L and structure highlights

Data as at 30th June 2017 refer to UBI Banca Group and include consolidation of the New Banks acquired on 10th May 2017 (Nuova Banca delle Marche, Nuova Banca dell'Etruria e del Lazio e Nuova Cassa di Risparmio di Chieti).  The acquisition is effective from 1st April 2017.

 

The 1H2017 Reclassified Income statement includes the effect of Purchase Price Allocation, which was negative by approximately 6.9 million euro. It was allocated as follows:  -6.7 million euro on net interest income, -3.9 million euro on net impairment losses on property, plant and equipment and intangible assets, +3.5 million euro on taxes and +0.2 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)

                                                                                                                        30/06/2017      31/03/2017
                                                                                                        UBI Banca Stand Alone        UBI Banca 
                                                                                                       +Three Banks Acquired      Stand Alone

Operating Income               1,739                  798

of which: Net Interest Income                  745                  347

of which: Net Commission Income                  761                  351

Operating Costs               1,158                  522

of which: Staff Costs                  717                  321

Profit on Continuing Operations before taxes                  195                  118

Profit for the period*                  696                    67


* The economic and financial results of the first half of 2017 include the impact of the allocation of "badwill", which amounted to 995 million as at 31st March 2017.

As a reminder, IFRS 3 (R) allows anyway final allocation of badwill to be carried out within 12 months of the acquisition.

 

UBI Banca Group - Structural data (number)

                                                                                                                        30/06/2017      31/03/2017
                                                                                                        UBI Banca Stand Alone        UBI Banca 
                                                                                                       +Three Banks Acquired      Stand Alone

                                                                                                                                           31/03/2017

Total workforce             22,122             17,151

Branches in Italy               1,948               1,441

Financial Advisors                  767                  780

 

UBI Banca Group - Schemes