The Bank that listens to you

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1 The Bank that listens to you An ambitious business plan, based on process optimisation and innovation The local independent Bank Updated 4 July 2008 a Document updated as at 31 December 2008 An ambitious business plan based on process optimisatoin and innovation Banca Popolare di Spoleto S.p.A. Banca Popolare di Spoleto S.p.A. Registered office and Headquarters - Piazza Luigi Pianciani Spoleto (PG) - Italy Registered office and Headquarters Piazza Luigi Pianciani Spoleto (PG) Italy 1

2 The distinctive BPS model Local Bank Banca Banca Popolare Popolare di di Spoleto Spoleto (BPS) (BPS) is is an an independent independent local local bank, bank, a leading leading player player in in local local economic economic and and social social development development and and a creator creator of of value value for for its its shareholders, shareholders, customers customers and and employees. employees. BPS BPS pursues pursues its its mission mission through through a multi-channel multi-channel strategy strategy and and product product and and service service innovation innovation Over100 Branches BPS BPS operates operates via via one one of of the the largest largest networks networks in in Central Central Italy, Italy, comprising comprising branches, branches, 2 treasury treasury offices, offices, an an advisory advisory centre centre and and a finance finance outlet. outlet. Specifically, Specifically, the the Bank Bank has: has: branches branches in in Umbria, Umbria, with with a market market share share of of 15% 15% branches branches in in Lazio, Lazio, Marche, Marche, Tuscany, Tuscany, Abruzzo Abruzzo and and Milan Milan Financial Financial Advisors Advisors (60 (60 planned planned by by 2010) 2010) The The IT IT platform platform and and total total approachability approachability of of the the staff staff complete complete the the BPS BPS customer customer relation relation model model For For the the Area The The Bank Bank is is modern modern and and dynamic, dynamic, investing investing both both in in and and for for the the area area in in which which it it operates: operates: creating creating wealth wealth and and employment employment opportunities opportunities producing producing innovative innovative products products and and services services to to meet meet and and anticipate anticipate the the needs needs of of families, families, enterprise enterprise and and organisations organisations supporting supporting culture, culture, health health and and the the environment environment BPS BPS acts acts as as a capstan capstan for for the the local local economy economy 2

3 The distinctive BPS model Customers BPS BPS is is the the ideal ideal partner partner for for families families and and SMEs SMEs Each Each Customer Customer expresses expresses specific specific needs, needs, which which BPS BPS seeks seeks to to satisfy satisfy through through high high quality quality service, service, rapid rapid response response times, times, product product competitiveness competitiveness and and customisation, customisation, also also in in synergy synergy with with Monte Monte dei dei Paschi Paschi di di Siena Siena For For enterprise, enterprise, jointly jointly with with the the Spoleto Spoleto Credito Credito e Servizi Servizi Group, Group, BPS BPS offers offers innovative innovative services services such such as: as: business business finance, finance, managerial managerial consulting, consulting, public public works works tender tender support, support, support support for for renewable renewable energy energy and and youth youth enterprise enterprise Shareholders Our Our Governance Governance guarantees guarantees stability, stability, transparency, transparency, consistency consistency with with the the mission mission and and efficient efficient management, management, which which ensure ensure adequate adequate pay-out pay-out levels levels and and capitalisation capitalisation in in line line with with the the size size of of the the Bank Bank By By pursuing pursuing constant constant growth growth objectives objectives for for the the value value and and role role of ofbps, the the strategy strategy adopted adopted has has in in recent recent years years has has allowed allowed the the Bank Bank to to double double its its geographic geographic penetration penetration and and traded tradedvolumes Employees BPS BPS has has Employees, Employees, of of which which around around were were recruited recruited from from onwards. onwards. The The Staff, Staff, its its key key roles roles also also renewed, renewed, has has an an average average age age of of BPS BPS encourages encourages professional professional growth growth and and corporate corporate identity, identity, offering offering interesting interesting career career paths paths based based on on ongoing ongoing training training and and the the use use of of modern modern incentive incentive systems systems Customer Customer satisfaction satisfaction is is the the key key to to BPS BPS professional professional success success 3

4 BPS: over 100 years of independence 28 April 1895 The Bank is founded By public deed, Prof. Giulio Cesare founds the Banca Popolare Società Cooperativa di Spoleto, established to serve local individuals, families and busineses September 1996 The Stock Exchange listing BPS is admitted to trading on Borsa Italiana's screen-based MTA market Growth continues 104 branches in Umbria, Marche, Lazio, Tuscany, Abruzzo and Milan. Shareholders' Agreements with BMPS renewed for TODAY 30 July 1992 BPS becomes a public limited company Guido Carli recommends seizing opportunities offered by the "Amato Law". Banca Popolare Società Cooperativa di Spoleto is split into Banca Popolare di Spoleto S.p.A. and Spoleto Credito e Servizi Scarl, the Bank's major shareholder July 1998 BPS-BMPS agreement A highly strategic agreement is signed with Banca Monte dei Paschi di Siena S.p.A., which acquired 25% of BPS shares 4

5 At the service of local families, enterprise and organisations from the start MASS EVENTS The Bank sponsors all events that represent Umbria at worldwide level, such as the Spoleto Two Worlds Festival, Gubbio's Festa dei Ceri, the Giostra della Quintana jousting tournament, etc. SUSTAINABLE DEVELOPMENT The Bank supports local development also through meetings on current topics such as enterprise culture, renewable source energy and promotion of local excellence ART AND CULTURE The Bank provides support in promoting the historic, artistic and environmental heritage of the area, encouraging growth in art & culture tourism in Umbria RESEARCH AND HEALTH The Bank is one of the founder members of the Human Health Foundation Onlus, a cancer research foundation. It has donated equipment and surgical and health centres to various hospital authorities in the Region SOCIAL AND EDUCATION The Bank has set up an Ethical Account for solidarity projects. The Bank is a founder member of the Giuseppe Romano Banking Studies Centre, promoting accademic merit, top level training and introduction to employment opportunites for young people 5

6 BPS in brief Total Total assets assets 2,742,088,912 Euro Euro Loans Loans to to customers 2,087,171,119 Euro Euro 116, ,700 Customers Customers Customers 116,700 Regulatory Capital 217,358,000 Euro Euro Direct Direct deposits 2,425,185,000 Euro Euro Branches across across 6 regions Shareholders' equity equity 167,324,131 Euro Euro Employees Net Net profit profit 10,620,817 Euro Euro Financial advisors Dividend Yield Yield 4.77% 4.77% Core Core Tier Tier % 7.35% Totale Totale Capital Ratio Ratio 10.00% 10.00% ROE ROE 6.70% 6.70% 104 Branches 104 Branches Capitalisation 111,255,681 Euro Euro 6

7 Moody s rating upgraded Description and 2008 Performance Long Term Deposits (medium-long term) Baa1 A3 Short Term Deposits P-2 P-1 Bank's Financial Strength C- C- Outlook Stable Stable 7

8 Share Capital distribution Shareholders with a direct or indirect holding of over 2% of ordinary Bank shares. Share capital 62,136, Euro Shareholder No. of shares % Share capital Spoleto Credito e Servizi Soc. Coop. 11,173, % Banca Monte dei Paschi di Siena SpA 5,673, % Associated investees Patacconi / Gemmani / Nicolini * 1,138, % Coop Centroitalia/Coofin** 446, % Market 3,448, % TOTAL 21,879, % * The shareholding of the Patacconi Group is distributed as follows: Nicolini Rosetta 539,727 shares (2.46% of the share capital); Patacconi Leonardo 538,726 shares (2.46% of the share capital); Gemmani Lucio 43,600 shares (0.20% of the share capital); Immobiliare Valeria 16,000 shares (0.07% of the share capital) ** The shareholding of the Coop Centroitalia Group is distributed as follows: Coop Centroitalia 183,592 shares (0.84%) and Coofin 262,639 (1.20%) 8

9 Corporate Governance Board of Directors Chairman Giovannino Antonini (Executive Committee Member) Senior Deputy Chairman Marco Bellingacci (Executive Committee Member) Deputy Chairman Giorgio Raggi (Executive Committee Member) Board members Claudio Bernardini Paolo Arcelli Michele Logi (Executive Committee Member) Nazzareno D Atanasio (Executive Committee Member) Marco Carbonari Gabriele Chiocci Valentino Conti Mario Fagotti Francesco Di Bello Aldo Amoni (Executive Committee Member) Claudio Umbrico Management General Manager Alfredo Pallini Deputy General Manager Mauro Conticini Board of Statutory Auditors Chairman Francesco Bonelli Standing auditors Roberto Rossi Michele Fesani Substitute auditors Piergiorgio Castellani Giovanni Burini 9

10 The Organisation General General Manager Manager Alfredo Alfredo Pallini Pallini Internal Audit Internal DivisionAudit Division Camillo Latto Legal Affairs and Compliance Division Legal Affairs and Compliance Division Sandro Ascani Compliance Department - Anti money-laundering Compliance Department - Anti money-laundering Legal Affairs Department Legal Affairs Department Human Resources Management and Development Office Human Resources Management and Development Office Human Resources Administration Office Human Resources Administration Office Personnel Division Personnel Division Mauro Conticini Organisation and S.S. Organisation Divisionand S.S. Division Sandro Ascani Organisation and IT Office Organisation and IT Office Logistics - Security - Support Office Logistics - Security - Support Office General Affairs and Cost Management Office General Affairs and Cost Management Office Litigation Office Litigation Office General Affairs, Litigation and Cost General Management Affairs, Division Litigation and Cost Management Division Mauro Riommi Chief Financial Officer Paola Piermarini Senior Deputy General Manager Senior Deputy General Manager Mauro Conticini Planning, Control and Risk Management Planning, Control Department and Risk Management Department Francesca Palescandolo Administration Division Administration Division Agnese Pula Management Planning and Control Department Management Planning and Control Department Risk Management Department Risk Management Department Financial Statements and Tax Accounting Office Financial Statements and Tax Accounting Office Central Services Office Central Services Office Finance Division Finance Division Valerio Volpi Stock Exchange and Markets Office Stock Exchange and Markets Office G.P.I. Office G.P.I. Office Loans Division Loans Division Marcello Siena Special Special Loans Loans Department Department Marketing Division Marketing Division Emilio Quartucci Investor Relations, External Relations and Investor Special Relations, Assignments External Division Relations and Special Assignments Division Roberto Tantillo Financial and Foreign Admin. Services Office Financial and Foreign Admin. Services Office Branch Network Network Loans Network Centre Loans Centre Network Credit Risk Network Management Credit Risk Management Centre Centre Enterprise Office Enterprise Office Public Administration Office Public Administration Office Retail Office Retail Office Network Coordination - North Network Coordination - North Network Coordination - Centre Network Coordination - Centre Credit Facilities Office Credit Facilities Office Enterprise Finance Office Enterprise Finance Office Abnormal Risk Management and Control Office Abnormal Risk Management and Control Office Credit Procedures Management Office Credit Procedures Management Office Online Channels Office Online Channels Office Transparency Office Transparency Office Financial Advisors Office Financial Advisors Office Financial Advisors Financial Network Advisors Network Network Coordination - South Network Coordination - South Network Coordination - Marche Network Coordination - Marche Network Coordination - Rome Network Coordination - Rome Milan Branch Milan Branch 10

11 Our territorial presence 1 Milan Tuscany Marche Pesaro Arezzo 3 Ancona 10 Siena Macerata Spoleto Umbria 75 Perugia Terni Ascoli Piceno Viterbo Rieti L Aquila 104 Branches in 6 Regions Lazio 14 Rome (7) 1 Abruzzo CENTRAL NETWORK NORTHERN NETWORK SOUTHERN NETWORK ROME NETWORK Centre Coord. Manager Corrado Caterini North Coord. Manager Mario Carlettini South Coord. Manager Lanfranco Amadio Rome Coord. Manager Cesare Giglio Spoleto/Valnerina Area Manager - Franco Pezzi Alto Tevere Area Manager - Maurizio Apostolico Terni/Rieti/Viterbo Area Manager - Carlo Mancini MARCHE NETWORK Foligno/Bastia Area Manager - Cesare Galligari Perugia Area Manager - Maurizio Faina Marche Coord. Manager Lucio Cavalieri 11

12 Market shares Area Deposits * Loans UMBRIA REGION 14.09% 14.76% 14.69% 9.52% 9.57% 9.92% Perugia 16.24% 17.13% 17.13% 10.24% 9.91% 10.35% Terni 6.79% 6.71% 6.87% 6.58% 7.02% 8.09% LAZIO REGION 0.07% 0.07% 0.10% 0.08% 0.09% 0.12% Rome 0.05% 0.05% 0.07% 0.05% 0.07% 0.08% Rieti 3.65% 4.04% 3.94% 3.12% 3.39% 4.14% Viterbo 0.19% 0.29% 0.34% 0.36% 0.59% 0.71% MARCHE REGION 0.14% 0.16% 0.15% 0.34% 0.40% 0.47% Macerata 0.39% 0.38% 0.33% 1.21% 1.29% 1.46% Ancona 0.02% 0.02% 0.02% 0.08% 0.11% 0.13% Ascoli Piceno 0.11% 0.24% 0.28% 0.28% 0.47% 0.67% TUSCANY REGION 0.01% 0.01% 0.01% 0.02% 0.02% 0.02% Siena 0.01% 0.01% 0.02% 0.07% 0.09% 0.09% Arezzo 0.04% 0.05% 0.05% 0.12% 0.15% 0.17% ABRUZZO REGION 0.03% 0.02% 0.02% 0.02% L'Aquila 0.16% 0.11% 0.23% 0.30% (*) current account liabilities + savings accounts + certificates of deposit + Bank bonds 12

13 Traded volumes continue to increase (in millions of Euro) Direct deposits Short term loans TOTAL DEPOSITS Indirect deposits M/L term loans TOTAL LOANS

14 Our Customers 116,700 Customers Large Corporate Turnover > 10 million SME Turnover up to 10 million Private Deposits > 500 thousand Affluent - Upper Deposits from 125 thousand to 500 thousand Affluent - Lower Deposits from 25 thousand to 125 thousand Small Business Turnover up to 1 million Family Deposits up to 25 thousand % 78% no. 25,650 Enterprise Customer type no. 91,050 Private and Families 14

15 Products and services by Customer type Customers Products and services Private Private and and Families Enterprise Current accounts credit/debit cards revolving credit cards/utility direct debit corporate credit/debit cards Loans Loans mortgages, personal loans, consumer credit financing, leasing, factoring, special credit, agricultural credit Bonds Bonds bonds, fixed rate, floating rate, index-linked bonds, fixed rate, floating rate, index-linked Fund Fund and and Asset Asset Management Italian and foreign mutual investment funds, asset management including multimanager Italian and foreign mutual investment funds, asset management including multimanager Insurance policies life, non-life, unit-linked, index-linked and open-end pension funds life policies, non-life policies, open-end pension funds Special transactions foreign transactions, guarantee transactions business finance, foreign and guarantee transactions Online Online Banking home banking, trading online phone banking, e-commerce, sms account info, ATM expense info remote/corporate banking, phone banking, e-commerce, sms account info, ATM expense info Integrated Services bank drafts, safety deposit boxes, etc. public works tender assistance, business consulting, renewable energy, marketing 15

16 Banca Monte dei Paschi di Siena: the partner for growth On On April April 2007, 2007, the the Shareholders' Shareholders' Agreement Agreement was was renewed renewed between between Spoleto Spoleto Crediti Crediti e Servizi Servizi Soc. Soc. Coop., Coop., the the major major shareholder, shareholder, and and BMPS. BMPS. This This agreement agreement establishes establishes a practical practical and and operational operational relationship relationship that that allows allows the the Bank Bank to to retain retain its its local local bank bank independence. independence. Shareholders' Agreements The The agreement agreement aims aims to to consolidated consolidated and and develop develop the the Bank Bank in in territorial territorial terms, terms, at at the the same same time time exploiting exploiting BMPS BMPS economies, economies, technology technology andproducts andproducts.. AA Commercial BPS-BMPS synergies BB CC Personnel, Professionalism and and Training Capital Management DD Cost Cost economies Synergies already operative Synergies to be implemented... for for the independence, consolidation and development of of the Bank 16

17 Commercial partners and product companies MPS Leasing & Factoring SpA Leasing and Factoring (with and without recourse) MPS Capital Services Banca per le Imprese SpA Financing and enterprise support Consum.it Consumer credit. Revolving credit cards. Personal and business loans Fondi MPAM SGR Italian mutual investment funds Fondi MPS AI SGR Italian funds of hedge funds Bright Oak Ltd. Investment company specialised in quantitative management AXA MPS Vita SpA Life policies (capitalisation, variable, etc.) and Open-end Pension Funds AXA MPS Danni SpA Non-life policies, theft, fire, etc. AXA MPS Financial Ltd Foreign insurance policies (unit-linked and index linked) MPS Fiduciaria SpA Trust products and transactions 17

18 Synergies with Group companies SPOLETO CREDITO E SERVIZI Società Cooperativa This is the Group's Holding, which holds 51.07% of Banca Popolare di Spoleto S.p.A. shares Spoleto Credito e Servizi (SCS) is a cooperative with over 19,400 members throughout Italy. The SCS holds 51.07% of the Bank's shares and is the major shareholder. Through Banca Popolare di Spoleto S.p.A., SCS provides its customers with preferential-term financial services. Jointly with the Bank it created the Giuseppe Romano Banking Studies Centre and the Human Health Foundation Onlus. Via Porta Fuga, Spoleto BRANDUP SRL - Management Consulting This is an investee company of the Bank and a subsidiary of Spoleto Credito e Servizi Soc. Coop. BrandUP Srl is the Group's services company, subject to management and coordination of Spoleto Credito e Servizi S.C. It operates in the following sectors: Managerial consulting Subsidised public financing Marketing and Web services Renewable source energy Through BrandUP, the Bank provides a package of products/services unique to the area in which it operates: Basel II consulting Business Plans Market research Public works tender consulting Photovoltaic assistance Corso Garibaldi, Spoleto Via Lunghi, Perugia 18

19 The Strategic Plan: growth and innovation Independence and a local vocation through growth and innovation Net profit of over 13.2 million CAGR revenues* (08-10) +4.9% 2010 Shareholders' Equity up to 221 million Share Capital increase of up to 44 million, self-financed by approx. 8.5 million 2010 ROE over 6% Growth 10 new branches 20,000 new customers Staff increase to 750 Enhancement of the Financial Advisors' network Average banking product up to 6.5 million Increased market share Umbria Region, 1.0% per year Value Growth Optimisation Innovation Innovation Cost of credit at 74 basis points Net payout over two years of max 65% Cost-income ratio to 62% 2010 TIER 1 to 7.8% 2010 TOTAL CAPITAL RATIO to 11.20% Process automation Expansion of the loans sector Focus on IT as effective distribution tools Streamlining of the distribution network Emphasis on quality of service Risk Management enhancement Head Office reorganisation Expansion of the product mix for customers * Compound Annual Growth Rate 19

20 The Strategic Plan: objectives for Customers CRM and team dedicated to affluent customers Targeted products and services to achieve greater Customer Satisfaction IT upgrading to reduce costs and response times Intensification of financial advisory services, subsidised public finance and business consulting Development of cross-selling with an integrated product mix Development of a model based on customer clusters and not merely quantitative 10 new branches Enhancement of the Financial Advisors' network Max Value Proposition for for the the Customer 20

21 The Strategic Plan: objectives for Employees 30 person increase in the Financial Advisors' network (recruitment - staff turnover) 30 person increase in Employees (recruitments - staff turnover) 665 Employees 22 Financial Advisors 30/06/2007 Recruitment of key staff to Head Office and network enhancement Recruitments for new branches Financial Advisor recruitment from the market Recruitments for new branches Financial Advisor recruitment after BPS training 750 Employees 60 Financial Advisors 31/12/2010 The The chart chart shows shows the the increase increase in in workforce workforce net net of of staff staff turnover turnover for for both both Employees Employees and and Financial Financial Advisors Advisors 21

22 The Strategic Plan: objectives for Shareholders Volumes and Values Revenues 4.5% Economic objectives (CAGR* ) Loans 10.9% Volume objectives (CAGR* ) Direct deposits 11.7% Total deposits 6.8% Equity objectives (CAGR* ) Shareholders Equity 14.6% Cost of personnel 5.1% Admin. expense 3.4% Provisions 2.1% Profit objectives Net Profit 11.3% Gross profit of 24.9 million by 2010 ROE to 6.4% by 2010 * Compound Annual Growth Rate 22

23 Contacts: Chairman's Office and Head Office CHAIRMAN Giovannino Antonini Tel Piazza Luigi Pianciani, Spoleto (PG) Tel Fax Fully paid-up Share capital 62,136, Euro Reg. no. 2346, Perugia Register of Companies (Court of Spoleto) GENERAL MANAGER Alfredo Pallini Tel Perugia Chamber of Commerce no Tax Code and VAT no Reg. no , Register of Banks held by the Bank of Italy SENIOR DEPUTY GENERAL MANAGER Mauro Conticini Tel

24 Contacts: Divisions, Financial Advisors, Branch network General Affairs, Litigation and Cost Management Division Mauro Riommi Tel / Administration Division Agnese Pula Tel Marketing Division Emilio Quartucci Tel Loans Division Marcello Siena Tel Finance Division Valerio Volpi Tel Investor Relations, External Relations and Special Assignments Division Roberto Tantillo Tel Personnel Division Mauro Conticini Senior Dep. Gen. Manager Tel Organisation and Support Services Division Sandro Ascani Tel Internal Audit Division Camillo Latto Tel Legal Affairs and Compliance Division Sandro Ascani Tel Planning, Control and Risk Management Division Francesca Maria Palescandolo Tel francesca_maria_ FINANCIAL ADVISORS OFFICE Matteucci Lionello Tel CENTRAL NETWORK COORDINATOR Corrado Caterini Tel NORTHERN NETWORK COORDINATOR Mario Carlettini Tel SOUTHERN NETWORK COORDINATOR Lanfranco Amadio Tel ROME COORDINATOR Cesare Giglio Tel Foligno/Bastia Area Cesare Galligari Tel Spoleto/Valnerina Area Franco Pezzi Tel Alto Tevere Area Maurizio Apostolico Tel Perugia Area Maurizio Faina Tel Terni/Rieti/Viterbo Area Carlo Mancini Tel MARCHE COORDINATOR Lucio Cavalieri Tel

25 Contacts: Branches Assisi Piazza S. Chiara, Assisi (Pg) Tel Cannara Via A. Di Savoia Cannara (Pg) Tel Cerqueto di Marsciano Via 2 giugno, Cerqueto (Pg) Tel Collazzone Fraz. Collepepe Via Tiberina, Collepepe (Pg) Tel Foligno Via C. Battisti, Foligno (Pg) Tel Assisi S. M. Angeli Via Los Angeles Assisi (Pg) Tel Cascia Piazza G. Garibaldi, Cascia (Pg) Tel Cerreto di Spoleto Piazza G. Pontano, Cerreto (Pg) Tel Collevalenza di Todi Voc.Torri Collevalenza di Todi (Pg) Tel Giano dell Umbria Bastardo Largo A. De Gasperi Bastardo (Pg) Tel ) Assisi Torchiagina Piazza A. Canini Torchiagina (Pg) Tel Castel del Piano Centro Commerciale "La Perugina" Perugia Tel Città di Castello Viale V. Veneto, Città di Castello(Pg) Tel Corciano Fraz. Ellera Via A. Gramsci Ellera (Pg) Tel Gualdo Cattaneo Ponte di Ferro P.zza Caduti delle Miniere Ponte di Ferro (Pg) Tel Bastia Via V. Veneto Bastia (Pg) Tel Castel Ritaldi - La Bruna Via della Repubblica Castel Ritaldi (Pg) Tel Città di Castello Loc. Riosecco Via del Vaschi, Riosecco (Pg) Tel Deruta Via Tiberina, Deruta (Pg) Tel Gualdo Cattaneo S. Terenziano Via delle Scuole, SanTerenziano (Pg) Tel Bevagna Corso G.Matteotti 36/ Bevagna (Pg) Tel Castiglion del Lago ViaS.Pellico Castiglion del Lago (Pg) Tel Città di Castello San Secondo Via E. Fermi, San Secondo (Pg) Tel Foligno - Loc. Paciana Viale Firenze, 166/d Loc. Paciana (Pg) Tel Gualdo Tadino Via Vittorio Veneto, GualdoTadino (Pg) Tel

26 Contacts: Branches Gubbio - Padule Via Castel D Alfiolo, Padule (Pg) Tel Monteleone di Spoleto Corso V. Emanuele, 20/b Monteleone di Spoleto (Pg) Tel Perugia - Corso Vannucci C.so Vannucci, Perugia (Pg) Tel Perugia - Sant' Egidio Via Assisi, Sant' Egidio (Pg) Tel San Giustino Via Umbra, 18/b San Giustino (Pg) Tel Gubbio Via Montello, Gubbio (Pg) Tel Nocera Umbra Loc. Gaifana Gaifana (Pg) Tel Perugia - Elce Via A. Vecchi, Perugia (Pg) Tel Perugia Solfagnano Parlesca Via della Solidarieta, SolfagnanoParlesca (Pg) Tel Scheggino Piazza del Mercato, Scheggino (Pg) Tel Magione Loc. Case Nuove Magione (Pg) Tel Nocera Umbra Piazza Umberto I, Nocera Umbra(Pg) Tel Perugia - Ponte Felcino Via dell Ala, 14/d Ponte Felcino (Pg) Tel Perugia 1 - Via Briganti V. Briganti, 69/c Perugia (Pg) Tel Sellano Via G. Marconi Sellano (Pg) Tel Marsciano Via Umberto I Marsciano (Pg) Tel Norcia Corso Sertorio, Norcia (Pg) Tel Perugia Ponte San Giovanni Via della Scuola Ponte San Giovanni (Pg) Tel Perugia 2 Via Caduti del Lavoro V. Caduti del Lavoro, Perugia (Pg) Tel Spoleto S. Giovanni Baiano Via K. Marx, S. Giovanni Baiano (Pg) Tel Montefalco Piazzetta Mustafà Montefalco (Pg) Tel Perugia - Colombella Via delle Marche, 26/a Colombella (Pg) Tel Perugia - San Sisto Via Tagliapietra, Perugia (Pg) Tel Preci Via Roma, Preci (Pg) Tel Spoleto - San Giacomo Corso Flaminio, San Giacomo (Pg) Tel

27 Contacts: Branches Spoleto - San Venanzo Via S. Benedetto San Venanzo (Pg) Tel Todi Via Angelo Cortesi Todi (Pg) Tel Amelia Via Orvieto, 14/ Amelia (Tr) Tel Orvieto Via Montenibbio Orvieto (Tr) Tel Terni Corso del Popolo Terni (Tr) Tel Spoleto - Via Marconi Via G. Marconi Spoleto (Pg) Tel Torgiano Via G. Mazzini, Torgiano (Pg) Tel Arrone Via G. Matteotti, 10/ Arrone (Tr) Tel Terni - Via della Stazione Via della Stazione, Terni (Tr) Tel Civitavecchia Viale della Vittoria, Civitavecchia Roma Tel Spoleto - Sede Piazza Pianciani, Spoleto (Pg) Tel Trevi - Cannaiola Via Nuova, 39/a Cannaiola (Pg) Tel / Narni Scalo Via Tuderte, Narni Scalo (Tr) Tel Terni - Viale Trento Viale Trento Terni (Tr) Tel Fonte Nuova Via Palombarese, S.Lucia Roma Tel Spoleto 1 Ag. Città Via Nursina Via Nursina, Spoleto (Pg) Tel Trevi Piazza G. Garibaldi, Trevi (Pg) Tel Narni Via G. Garibaldi, Narni (Tr) Tel Terni - Voc. Sabbione Str. Sabbione Voc. Sabbione (Tr) Tel Roma - La Storta Via Braccianese, La Storta Roma Tel Tavernelle Via Pievaiola, Tavernelle (Pg) Tel Umbertide Via Martiri della Libertà Umbertide (Pg) Tel Orvieto - Sferracavallo Via Po, 8,10, Sferracavallo (Tr) Tel Terni 1 - Borgo Rivo Viale del Rivo, Borgo Rivo (Tr) Tel Roma - Via Emilia Via Emilia, Roma Tel

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