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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)

                                                                     30/09/2017                        30/06/2017               31/03/2017

                                                      UBI Banca Stand Alone         UBI Banca Stand Alone                  UBI Banca
                                                      +Three Banks Acquired        +Three Banks Acquired               Stand Alone


Operating Income

 2,595                1,739                  798

   of which: Net     
   Interest Income

1,148                  745                  347

   of which: Net
   Commission
   Income

1,151                  761                  351

Operating Costs

(1,789)               1,158                  522

   of which: 
   Staff Costs

(1,097)                  717                  321

Profit on 
Continuing
Operations
before taxes

   248                  195                  118

Profit for the period*

   702                  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)

                                                                     30/09/2017                        30/06/2017               31/03/2017

                                                      UBI Banca Stand Alone         UBI Banca Stand Alone                  UBI Banca
                                                      +Three Banks Acquired        +Three Banks Acquired               Stand Alone


Total workforce

21,818             22,122             17,151

Branches in Italy

 1,881               1,948               1,441

Financial Advisors

   746                  767                  780

 

UBI Banca Group - Schemes