BANCA CR FIRENZE. Annual Report 2003

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "BANCA CR FIRENZE. Annual Report 2003"

Transcription

1 BANCA CR FIRENZE Annual Report 2003 Limited Liability Company Registered Office and Headquarters in Florence Share Capital 8 620,422, fully paid Reserves 8 255,956, Register of Companies, Fiscal and VAT Code Banking Register n 5120 Banca CR Firenze Group Banking Group Register n

2

3 Table of Contents Annual Report 2003 Table of Contents Directors and General Management 5 Agenda for the Annual Shareholders Meeting 7 Chairman s Letter to the Shareholders 8 Banca CR Firenze SpA - Corporate profile 10 Historical outline 10 The Banca CR Firenze Group 11 Group structure at Summary consolidated data 13 Group area network 14 The rating 15 Share price performance 15 Shareholder composition 15 Banca CR Firenze SpA - Parent Company Annual Report 17 Directors Report on the Parent Company 23 Parent company financial statements 64 Notes to the parent company financial statements 68 Exhibits to the parent company financial statements 132 Statutory Auditors Report 179 Independent Auditors Report 183 Banca CR Firenze Group - Group Annual Report 185 Directors Report on the Group 191 Consolidated financial statements 218 Notes to the consolidated financial statements 222 Exhibits to the consolidated financial statements 287 Independent Auditors Report 292 Listing of Branches 294 3

4

5 Directors and General Management Annual Report 2003 Board of Directors Chairman Vice Chairman Directors Aureliano Benedetti Giampiero Busi Piero Antinori Pio Bussolotto Jean Clamon Francesco Corsi Alessio Colomeiciuc Ambrogio Folonari Lionardo Ginori Lisci Mario Manuli Pier Giovanni Marzili Massimo Mattera Giuseppe Morbidelli Giuseppe Spadafora Executive Committee Chairman Vice Chairman Members Aureliano Benedetti Giampiero Busi Pio Bussolotto Massimo Mattera Giuseppe Morbidelli Giuseppe Spadafora Board of Statutory Auditors Chairman Acting Auditors Substitute Auditors Vieri Fiori Franco Caleffi Marco Sacconi Francesco Maria Mancini Giuseppe Rogantini Picco* General Management General Manager Lino Moscatelli (*) Mr Rogantini Picco presented a letter of resignation on 11 December 2003, with effect from 1 January

6 Banca CR Firenze S.p.A. Historical outline Cassa di Risparmio di Firenze was formed in 1829 on the initiative of several of the most brilliant figures in Florentine society and its economic community who set the objective of founding a bank to promote the idea that saving was a valuable attribute. Since that time Cassa di Risparmio di Firenze has always played an important role in the development of Florence and Tuscany, also supporting it financially through the construction of important public works. During the years following the second world war the Bank participated actively in the reconstruction of the country and dedicated itself to supporting the economy and the social fabric, in particular by lending to small and medium-sized businesses which, still today, constitute the backbone for activities in the areas where it operates. In 1992 Cassa di Risparmio di Firenze which in the preceding years had set up innovative product companies such as Centro Leasing, Centro Factoring and Findomestic became an SpA-type limited company, and still continued on improving the quality of its business management criteria and organisational structure. In 1998 the Cassa di Risparmio di Firenze Banking Group was formed. In July 2000 the shares of the parent company Banca CR Firenze were listed on the Milan Stock Exchange. The Group, fortified by its traditions and attentive to the requirements of the public it serves, is facing the new millennium as a dynamic and pioneering enterprise, heavily oriented towards the creation of value. 10

7 Corporate profile Banca CR Firenze S.p.A. The Banca CR Firenze Group The Banca CR Firenze Group came into being formally in 1998 on the initiative of Cassa di Risparmio di Firenze. Its objective was to create a major banking pole formed by the principal Savings Banks located in central-north Italy. Since then the Group s activities have been widened, being able to count on the presence of the Civitavecchia, Mirandola, Orvieto, Pistoia and, shortly, La Spezia Savings Banks in addition to that of the parent company Banca CR Firenze. An alliance of banks was formed through the Group, each one being well rooted in its area of operation. This acted as a flywheel for economic, social and cultural growth The Group s strength is also based on a comprehensive assembly of specialist companies belonging to the Group (Findomestic Banca, Centrovita Assicurazioni, Centro Leasing, Centro Factoring and Arval) and the fact that its shareholders include international financial institutions such as Sanpaolo IMI and BNP Paribas. Significant synergies have been created in sales and strategic areas, with agreemens which have allowed the Group to offer its clientele a wide range of personalised solutions in banking, financial, insurance and commercial credit fields. The Banca CR Firenze Group presents itself today as one of the most complete Italian banking poles thanks to a widespread and penetrating branch network linked to a well-articulated financial organisation, which can provide customers with high quality, a dynamic approach and a complete range of products and services. The Banca CR Firenze Group can in fact count on an area network, considering also Cassa di Risparmio della Spezia, of over 500 branches (with a portfolio of around 1,000,000 customers). Over recent years, this network has been joined by new operational channels which allow customers to have access to financial activities in a manner which suits them best: the Private Banking and Business Customer Centres and, as from 2001, the Financial Promoters Network which is present in Lazio, Abruzzo, Emilia Romagna and the Marches. Having been the first bank in Italy to enable customers to operate over the Internet, Banca CR Firenze is now present on the Web with its own institutional site ( and two portals dedicated to private customers (liberamente.net) and business customers (io-impresa.it). 11

8 Banca CR Firenze S.p.A. Group structure at Banca CR Firenze - Parent company Group Companies Other subsidiaries Banking and financial companies held over 20% Other companies held over 20% CR Mirandola 99,9% Centrovita Assicurazioni 51,0% Findomestic Banca 50,0% Arval Service Lease Italia 30,0% CR Pistoia e Pescia 51,0% Centro di Telemarketing Centro Leasing 34,7% Et Group 42,7% CR Orvieto 73,6% Citylife 98,5% Centro Factoring 46,6% Beta 47,0% CR Civitavecchia 51,0% Il Nocciolo CFT Finanziaria 47,0% Ce.Spe.Vi. 20,0% CR Firenze Gestion International 80,0% Sviluppo Industriale Pistoia 30,0% Centro Riscossione Tributi Cerit Infogroup Info 2b Data Centro Distribution Product Perseo Finance 60,0% Service Mirafin Tebe Tours 90,0% 12

9 Corporate profile Banca CR Firenze S.p.A. Summary consolidated data millions of euros 31 December December 2002 Change % Total financial assets 27, , % Direct borrowing 13, , % Indirect borrowing Administered funds 5, , % Managed funds 8, , % - Asset management (assets managed with any destination - GPM ; - assets managed placed in open-end investment companies - GPS ; - assets managed placed only with funds run by related or associated - banks - GPF ) 2, , % - Funds 4, , % - Insurance (actuarial reserves) 2, , % Interest Margin % Net commissions and other operating income % Administrative expenses % Net provisions for and value adjustments to loans and non-current financial assets % Profit from ordinary activities % Net profit for the year % ROE (*) 10.2% 8.9% 1.3% Risk ratio on loans (**) 2.56% 2.66% -0.1% (*) Net profit / Average equity excluding net profit for the year (**) Net risk positions / net customers loans 13

10 Banca CR Firenze S.p.A. Group area network 14

11 Corporate profile Banca CR Firenze S.p.A. The rating Rating house Short-term debt Long-term debt Fitch F1 A- Moody's P1 A2 Share price performance MIB BANKS MIDEX BANCA CR FIRENZE HISTORICAL MIB Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec '03 Shareholder composition Fondazione CR Pistoia 3,9% Gr. Fidelity Investments 5,0% Ente CR Firenze 41,7% BNP Paribas 6,8% Sanpaolo IMI 19,5% Other 23,1% 15

CASSA DI RISPARMIO DI FIRENZE - BANCA CR FIRENZE -

CASSA DI RISPARMIO DI FIRENZE - BANCA CR FIRENZE - 01-09 Inglese CRF 24-06-2003 11:10 Pagina 1 Annual Report 2002 CASSA DI RISPARMIO DI FIRENZE - BANCA CR FIRENZE - Limited Liability Company Registered Office and Headquarters in Florence Share Capital

More information

BANCA CR FIRENZE. 2004 Financial Statements

BANCA CR FIRENZE. 2004 Financial Statements BANCA CR FIRENZE 2004 Financial Statements Joint-stock Company Registered Office and Headquarters in Florence Share Capital 8 648,035,843.16 fully paid Reserves and share premiums 8 311,333,236.20 Register

More information

Report for half year to 30 June 2000

Report for half year to 30 June 2000 Report for half year to 30 June 2000 Limited Liability Company Registered Office and Headquarters in Florence Share Capital: Lire 1.065.367.273.000 fully paid Reserves: Lire 265.861.984.376 Register of

More information

Contents Banca CR Firenze Group Summary consolidated data 4

Contents Banca CR Firenze Group Summary consolidated data 4 Consolidated Financial Statements at 31 December 2007 Contents Banca CR Firenze Group Summary consolidated data 4 Directors report on consolidated activities 5 1. Reclassified consolidated financial statements

More information

ANNUAL INFORMATION DOCUMENT

ANNUAL INFORMATION DOCUMENT ANNUAL INFORMATION DOCUMENT Pursuant to Art. 54 of Consob Regulation N 11971/99 (Regulations for Issuers) 28 April 2005 to 27 April 2006 1 ANNUAL INFORMATION DOCUMENT Index 1 Notices 2 Press Releases 3

More information

Table of contents. Directors Report on the Group. Consolidated financial statements and exhibits. Notes to the consolidated financial statements

Table of contents. Directors Report on the Group. Consolidated financial statements and exhibits. Notes to the consolidated financial statements Annual Report 2003 Table of contents Table of contents Banca CR Firenze Group - Summary data 188 Reclassified consolidated profit and loss account 189 Reclassified consolidated balance sheet 190 Directors

More information

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION 30-Apr-2004 28.35 29.00 28.20 28.46 28.55 03-May-2004 28.50 28.70 26.80 27.04 27.21 04-May-2004 26.90 26.99 26.00 26.00 26.38 05-May-2004 26.05 26.69 26.00 26.35 26.34 06-May-2004 26.31 26.35 26.05 26.26

More information

Consolidated half-year report at 30 June 2006

Consolidated half-year report at 30 June 2006 Consolidated half-year report at 30 June 2006 Table of contents Introduction 4 Banca CR Firenze Group - Summary consolidated data 6 Directors' Report on consolidated activities 1. Reclassified consolidated

More information

Median and Average Sales Prices of New Homes Sold in United States

Median and Average Sales Prices of New Homes Sold in United States Jan 1963 $17,200 (NA) Feb 1963 $17,700 (NA) Mar 1963 $18,200 (NA) Apr 1963 $18,200 (NA) May 1963 $17,500 (NA) Jun 1963 $18,000 (NA) Jul 1963 $18,400 (NA) Aug 1963 $17,800 (NA) Sep 1963 $17,900 (NA) Oct

More information

THE UNIVERSITY OF BOLTON

THE UNIVERSITY OF BOLTON JANUARY Jan 1 6.44 8.24 12.23 2.17 4.06 5.46 Jan 2 6.44 8.24 12.24 2.20 4.07 5.47 Jan 3 6.44 8.24 12.24 2.21 4.08 5.48 Jan 4 6.44 8.24 12.25 2.22 4.09 5.49 Jan 5 6.43 8.23 12.25 2.24 4.10 5.50 Jan 6 6.43

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

FINANCIAL STATEMENTS 2008

FINANCIAL STATEMENTS 2008 FINANCIAL STATEMENTS 2008 FINANCIAL STATEMENTS 2008 Part one (Consolidated Financial Statements) Company subject to management and coordination by the Parent company Intesa Sanpaolo S.p.A. PART ONE CONSOLIDATED

More information

Consolidated Quarterly Report as at 31 March 2007

Consolidated Quarterly Report as at 31 March 2007 Consolidated Quarterly Report as at 31 March 2007 Contents Banca CR Firenze Group Summary consolidated data 3 Directors Report on consolidated activities 4 1. Reclassified consolidated financial statements

More information

NAV HISTORY OF DBH FIRST MUTUAL FUND (DBH1STMF)

NAV HISTORY OF DBH FIRST MUTUAL FUND (DBH1STMF) NAV HISTORY OF DBH FIRST MUTUAL FUND () Date NAV 11-Aug-16 10.68 8.66 0.38% -0.07% 0.45% 3.81% 04-Aug-16 10.64 8.66-0.19% 0.87% -1.05% 3.76% 28-Jul-16 10.66 8.59 0.00% -0.34% 0.34% 3.89% 21-Jul-16 10.66

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

Bank of Ghana Monetary Policy Report. Financial Stability Report

Bank of Ghana Monetary Policy Report. Financial Stability Report BANK OF GHANA E S T. 1 9 5 7 Bank of Ghana Monetary Policy Report Financial Stability Report Volume 5: No.1/2013 February 2013 5.0 Introduction Conditions in global financial markets have improved significantly

More information

PRESS RELEASE. BNP Paribas announces intent to acquire BNL

PRESS RELEASE. BNP Paribas announces intent to acquire BNL Paris, 3 February 2006 PRESS RELEASE BNP Paribas announces intent to acquire BNL BNL would become a key part of a global banking group with an outstanding European base and two home markets. BNP Paribas,

More information

PROSPECTUS SUPPLEMENT. INTESA SANPAOLO S.p.A. (incorporated as a società per azioni in the Republic of Italy)

PROSPECTUS SUPPLEMENT. INTESA SANPAOLO S.p.A. (incorporated as a società per azioni in the Republic of Italy) PROSPECTUS SUPPLEMENT INTESA SANPAOLO S.p.A. (incorporated as a società per azioni in the Republic of Italy) as Issuer and, in respect of Notes issued by Intesa Bank Ireland p.l.c. and Sanpaolo IMI Bank

More information

Carige s project: history and results. The The 2005-2007 Business Plan Plan. The adoption of IAS and 1H 2005 results. Carige share performance -1-

Carige s project: history and results. The The 2005-2007 Business Plan Plan. The adoption of IAS and 1H 2005 results. Carige share performance -1- Carige s project: history and results The The 2005-2007 Business Plan Plan The adoption of IAS and 1H 2005 results Carige share performance -1- Future evolution Independence through growth 1990-1998 1999-2003

More information

ANNEXURE 1 STATUS OF 518 DEMAT REQUESTS PENDING WITH NSDL

ANNEXURE 1 STATUS OF 518 DEMAT REQUESTS PENDING WITH NSDL ANNEXURE 1 STATUS OF 518 DEMAT REQUESTS PENDING WITH NSDL Sr. No. Demat Request No.(DRN) DP ID Client ID Date of Demat Request Received Quantity Requested Date of Demat Request Processed No. of days of

More information

15

15 15 15 15 15th 15th ) business's Debt/ Turnover (expressed as %) 30 25 20 17.0 24.6 20.7 23.2 19.5 23.6 15 10 8.6 9.4 5 0 2008 June 09 2009 Jun-10 2010 Jun-11 2011 Jun-12 Net debt/members' equity

More information

Alfredo Sanguinetto General Manager

Alfredo Sanguinetto General Manager Cassa di Risparmio di Genova e Imperia Genoa, 12 th October 2007 Alfredo Sanguinetto General Manager AGENDA A LONG SEASON OF SOUND ACQUISITIONS ISP BRANCHES DEAL PURCHASE OF 78 ISP BRANCHES COMPARED WITH

More information

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017 From -JAN- To -JUN- -JAN- VIRP Page Period Period Period -JAN- 8 -JAN- 8 9 -JAN- 8 8 -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -FEB- : days

More information

Need to know finance

Need to know finance Need to know finance You can t hide from it Every decision has financial implications Estimating sales and cost of sales (aka direct costs) Gross Profit and Gross Profit Margin (GPM) Sales cost of sales

More information

COE BIDDING RESULTS 2009 Category B Cars >1600 cc

COE BIDDING RESULTS 2009 Category B Cars >1600 cc Quota System A COE BIDDING RESULTS 2009 B Jan-2009 Quota 1,839 1,839 1,100 1,099 274 268 409 411 767 758 Successful bids 1,784 1,832 1,100 1,097 274 260 401 386 763 748 Bids received 2,541 2,109 1,332

More information

HEAD OFFICE DETAILS. Average number of employees divided by category:

HEAD OFFICE DETAILS. Average number of employees divided by category: PROFILE 2014 PROFILE Cassa di Risparmio di Volterra S.p.A. was founded in 1494 A.D., and since then has always distinguished itself for its relationship with the local territory. It represents the most

More information

Financial Statement Consolidation

Financial Statement Consolidation Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the

More information

S&P Year Rolling Period Total Returns

S&P Year Rolling Period Total Returns S&P 500 10 Year Rolling Period Total Returns Summary: 1926 June 2013 700% 600% 500% 400% 300% 200% 100% 0% 100% Scatter chart of all 931 ten year periods. There were 931 ten year rolling periods from January

More information

Highlights. The factoring market and group positioning. Strategies. Consolidated financial and economic data. Attachments

Highlights. The factoring market and group positioning. Strategies. Consolidated financial and economic data. Attachments 4 th Q. 2008 Highlights The factoring market and group positioning Strategies Consolidated financial and economic data Attachments The Credit Crunch : impact on Banca IFIS s activity The consequences for

More information

Classified Report EXAMPLE - S.R.L. Pagina 1 di 6. All data from Infocamere in AICA2 Modality are guaranteed and real* VITAL STATISTICS SUMMARY

Classified Report EXAMPLE - S.R.L. Pagina 1 di 6. All data from Infocamere in AICA2 Modality are guaranteed and real* VITAL STATISTICS SUMMARY Pagina 1 di 6 Classified Report It is a product in AICA2 modality processed on: 28/03/2011 at 13:30 All data from Infocamere in AICA2 Modality are guaranteed and real* VITAL STATISTICS Style: Registered

More information

Unipol Gruppo Finanziario Bancassurance Strategy

Unipol Gruppo Finanziario Bancassurance Strategy UNIPOL GRUPPO FINANZIARIO UBS The Italian Financial Services Conference 2010 Unipol Gruppo Finanziario Bancassurance Strategy 21 January 2010 Carlo Cimbri, General Manager Agenda The Bancassurance scenario

More information

HISTORICAL MAP IMAGES SOURCES ARCHIVES THE PLURAL ROOTS OF INTESA SANPAOLO. www.group.intesasanpaolo.com

HISTORICAL MAP IMAGES SOURCES ARCHIVES THE PLURAL ROOTS OF INTESA SANPAOLO. www.group.intesasanpaolo.com Archivio Storico Intesa Sanpaolo Via Morone 3-20121 Milano archivio.storico@intesasanpaolo.com Direction Francesca Pino Coordination Paola Chiapponi Barbara Costa Historical research and texts Alessandro

More information

BBVA Colombia. Working for a better future for people

BBVA Colombia. Working for a better future for people BBVA Colombia Working for a better future for people 2013 The IR Recognition granted by Bolsa de Valores de Colombia S.A. (the Colombian Stock Exchange) is not a certification of the registered securities

More information

REPORT OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH ART. 2501 QUATER of the Italian Civil Code ON THE MERGER BY INCORPORATION OF

REPORT OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH ART. 2501 QUATER of the Italian Civil Code ON THE MERGER BY INCORPORATION OF REPORT OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH ART. 2501 QUATER of the Italian Civil Code ON THE MERGER BY INCORPORATION OF CARDINE FINANZIARIA S.P.A. INTO SANPAOLO IMI S.P.A. CONTENTS INTRODUCTION

More information

HALF-YEARLY FINANCIAL REPORT AT 30 JUNE 2008

HALF-YEARLY FINANCIAL REPORT AT 30 JUNE 2008 HALF-YEARLY FINANCIAL REPORT AT 30 JUNE 2008 1 CONTENTS THE TISCALI GROUP...3 DIRECTORS AND AUDITORS...3 INTERIM MANAGEMENT REPORT...4 SELECTED DATA...5 ALTERNATIVE PERFORMANCE MEASURES...6 SHARES...7

More information

Sanpaolo Wealth Management

Sanpaolo Wealth Management Sanpaolo Wealth Management Implementation update and operating results Analyst Meeting Milan, October 6 th 2003 AGENDA 1. SANPAOLO WEALTH MANAGEMENT: MISSION AND KEY FIGURES 2. RESULTS AND IMPACT ON VALUE

More information

Media and Financial Analysts Meeting 2016 Carlo Gavazzi Holding AG

Media and Financial Analysts Meeting 2016 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2016 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2016 June 23, 2016 Media and Financial Analysts Meeting 2016 AGENDA FOR TODAY WELCOME & OVERVIEW

More information

Banca Popolare di Verona

Banca Popolare di Verona Banca Popolare di Verona Fabio Innocenzi, CEO Merrill Lynch Midcap Financial Conference London (UK), 12 December 2001 Brief Standalone Profile of BPV Merger between BPV and BPN BPV Group Structure Corporate

More information

BPER GROUP 2011 Results. Luigi Odorici - Chief Executive Officer

BPER GROUP 2011 Results. Luigi Odorici - Chief Executive Officer BPER GROUP 2011 Results Luigi Odorici - Chief Executive Officer Milan, 14 March 2012 Disclaimer This document has been prepared by Banca popolare dell Emilia Romagna solely for information purposes, and

More information

Milan January 29 th - 30 th, 2009 GRUPPO CARIGE 1

Milan January 29 th - 30 th, 2009 GRUPPO CARIGE 1 GRUPPO CARIGE Milan January 29 th - 30 th, 2009 GRUPPO CARIGE 1 Agenda Carige Group at a glance Key financial highlights Strategic Priorities 3Q08 results GRUPPO CARIGE 2 Banca Carige Group today ~53,000

More information

Emilia Romagna Factor SpA. Shareholders. BPER Group. What is factoring. With recourse factoring. Without recourse factoring.

Emilia Romagna Factor SpA. Shareholders. BPER Group. What is factoring. With recourse factoring. Without recourse factoring. Emilia Romagna Factor SpA Shareholders BPER Group What is factoring With recourse factoring Without recourse factoring Export factoring Maturity factoring Advantages for the company Contacts Emil-Ro Factor

More information

Second Quarter 2015 Trading Update. 28 September 2015

Second Quarter 2015 Trading Update. 28 September 2015 Second Quarter 2015 Trading Update 28 September 2015 Disclaimer This communication and the information contained herein has been approved by the Board of Directors of Eurobank Ergasias S.A. ( Eurobank

More information

Alba Leasing Company Profile 2014

Alba Leasing Company Profile 2014 Alba Leasing Company Profile 2014 Company at a glance Alba Leasing The partner for small and medium-sized enterprises Alba Leasing is a financial company founded in 2010 on the initiative of some of the

More information

ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES

ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES NUMBER 99 JULY 21 ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES MACROECONOMIC PROJECTIONS 1 7 8 11 12 Directorate general for economics, statistics

More information

BANCA CARIGE SPA Cassa di Risparmio di Genova e Imperia BANCA CARIGE SPA

BANCA CARIGE SPA Cassa di Risparmio di Genova e Imperia BANCA CARIGE SPA BANCA CARIGE SPA BANCA CARIGE SPA Cassa di Risparmio di Genova e Imperia HSBC Italian Banks Conference London, 19 th January 2006-1- Agenda Carige s background The Strategic Plan 2005 first results The

More information

BANCA CARIGE SpA Cassa di Risparmio di Genova e Imperia

BANCA CARIGE SpA Cassa di Risparmio di Genova e Imperia -1- BANCA CARIGE SpA Cassa di Risparmio di Genova e Imperia European Banks & Misc. Financials KBW Conference 2006 -2- Agenda Banca Carige overview Carige share performance 1H06 results The Strategic Plan

More information

Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes)

Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes) NUMBER 16 FEBRUARY 216 Economic activity and employment Foreign trade and competitiveness Inflation Credit The Public Finances Macroeconomic projections 1 7 8 11 12 Directorate general for economics, statistics

More information

BANCA FIDEURAM AT A GLANCE

BANCA FIDEURAM AT A GLANCE BANCA FIDEURAM AT A GLANCE Key ratios 2011 2010 2009 2008 2007 CUSTOMER FINANCIAL ASSETS Net inflows into managed assets ( m) (31) 4,234 2,928 (3,850) (892) Total net inflows ( m) 1,717 1,901 2,804 345

More information

Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta

Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta @centralelatte.torino.it www.centralelatte.torino.it

More information

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Reacting to the Challenges: Business Strategies for Future Success Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Adams Bank & Trust Family Owned for 95 Years $525 Million

More information

Ashley Institute of Training Schedule of VET Tuition Fees 2015

Ashley Institute of Training Schedule of VET Tuition Fees 2015 Ashley Institute of Training Schedule of VET Fees Year of Study Group ID:DECE15G1 Total Course Fees $ 12,000 29-Aug- 17-Oct- 50 14-Sep- 0.167 blended various $2,000 CHC02 Best practice 24-Oct- 12-Dec-

More information

Report on operations and financial statements of Banca Lombarda e Piemontese S.p.A. as of December 31, 2002

Report on operations and financial statements of Banca Lombarda e Piemontese S.p.A. as of December 31, 2002 Report on operations and financial statements of Banca Lombarda e Piemontese S.p.A. as of December 31, 2002 139 REPORT ON OPERATIONS ACTIVITIES OF BANCA LOMBARDA E PIEMONTESE The financial statements of

More information

The Italian Asset Management market

The Italian Asset Management market key figures Research Department 1. Summary statistics Open-end funds Mandates A snapshot of the insurance market The recovery, some tentative explanations 2. The European Investment Fund Industry Net assets

More information

BRE Bank Group Total Assets. GDP, consumption and investment dynamics

BRE Bank Group Total Assets. GDP, consumption and investment dynamics 100 90 80 BRE Bank Group Total Assets PLN B 82.6 81.0 90.0 98.9 70 60 55.9 50 40 30 20 10 0 0.0 0.0 0.3 0.5 0.5 0.7 0.9 1.4 2.6 4.1 6.2 14.4 16.2 11.0 30.5 30.5 32.7 27.4 24.8 42.3 1987 1988 1989 1990

More information

Analysts & Press Presentation. Fabrizio Viola - CEO Bernardo Mingrone - CFO

Analysts & Press Presentation. Fabrizio Viola - CEO Bernardo Mingrone - CFO Analysts & Press Presentation Fabrizio Viola - CEO Bernardo Mingrone - CFO Siena 7 th February 2013 Contents Description of transactions Impacts Capital Ratios page 2 Description of transactions Alexandria

More information

Training Manual: The Basics of Financing Agriculture

Training Manual: The Basics of Financing Agriculture Training Manual: The Basics of Financing Agriculture Acknowledgement The Agriculture Finance Training Manual is part of AgriFin s Agriculture Finance Training Tools. The Manual was developed by IPC - Internationale

More information

Start Your. Business Business Plan

Start Your. Business Business Plan Start Your Waste Recycling Business A TECHNICAL STEP-BY-STEP-GUIDE OF HOW TO START A COMMUNITY-BASED WASTE RECYCLING BUSINESS Start Your Waste Recycling Business Business Plan INTERNATIONAL LABOUR OFFICE

More information

AUTOSTRADE (now Atlantia SpA): period from 2 May 2006 to 4 May 2007 NATURE OF INFORMATION SOURCE PUBLICATION DATE

AUTOSTRADE (now Atlantia SpA): period from 2 May 2006 to 4 May 2007 NATURE OF INFORMATION SOURCE PUBLICATION DATE AUTOSTRADE (now Atlantia SpA): period from to 4 May 2007 NATURE OF INFORMATION SOURCE PUBLICATION DATE Release announcing additions to Agenda for Board meeting Release announcing approval of merger of

More information

CREDIT VALUES CREDIT LIMIT 2,900 CREDIT RATING 2,400

CREDIT VALUES CREDIT LIMIT 2,900 CREDIT RATING 2,400 Business report generated at 16/09/2015 11:56:43 12345678 : SAMPLE LIMITED OVERALL CREDIT SCORE 56 Below Average Risk CREDIT VALUES CREDIT LIMIT 2,900 CREDIT RATING 2,400 KEY SCORE FACTORS 2 POSITIVE 2

More information

START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS

START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS PRESS RELEASE START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS Signature today of a memorandum of understanding for a long-term business partnership

More information

Consumer ID Theft Total Costs

Consumer ID Theft Total Costs Billions Consumer and Business Identity Theft Statistics Business identity (ID) theft is a growing crime and is a growing concern for state filing offices. Similar to consumer ID theft, after initially

More information

Banca Popolare di Bergamo-CV

Banca Popolare di Bergamo-CV Banca Popolare di Bergamo-CV Price: 20.6 BANKS From Add to HOLD Y/E December 1998 1999 2000E 2001E 2002E 2003E Net operating income m 379 380 547 583 675 769 Net profit m 134 152 203 225 268 317 EPS m

More information

Sansedoni Group Investment & Asset Management Company. February 2015

Sansedoni Group Investment & Asset Management Company. February 2015 Sansedoni Group Investment & Asset Management Company February 2015 1 Index Business Service Lines Key Facts & Figures Who we are Shareholders Management team History & Background Selected Transaction

More information

Banca fideuram at a glance

Banca fideuram at a glance Banca fideuram at a glance Key ratios 2012 2011 2010 2009 2008 CUSTOMER FINANCIAL ASSETS Net inflows into managed assets ( m) 2,749 (31) 4,234 2,928 (3,850) Total net inflows ( m) 2,316 1,717 1,901 2,804

More information

Consolidated Financial Results for the Year Ended March 31, 2016

Consolidated Financial Results for the Year Ended March 31, 2016 Consolidated Financial Results for the Year Ended March 31, 2016 Ⅰ. Financial Results for Fiscal 2015 Ⅱ. Information by Segment Ⅲ. Strategic Alliance with Hon Hai Group Ⅳ. Supplementary Data SHARP CORPORATION

More information

pursuant to art. 2506-bis of the Italian Civil Code

pursuant to art. 2506-bis of the Italian Civil Code Plan for the total demerger of Banca per la finanza alle opere pubbliche e alle infrastrutture S.p.A. in favour of Intesa Sanpaolo S.p.A., Banca Intesa Infrastrutture e Sviluppo S.p.A. and Finanziaria

More information

INDEX OF CIRCULARS NO DATE TOPIC. 1 03-May-82 Loan Approvals. 2 19-Jul-82 Loan Payments. 3 05-Aug-82 Loan Agreement. 4 31-Mar-83 1 Provision for 1983

INDEX OF CIRCULARS NO DATE TOPIC. 1 03-May-82 Loan Approvals. 2 19-Jul-82 Loan Payments. 3 05-Aug-82 Loan Agreement. 4 31-Mar-83 1 Provision for 1983 INDEX OF CIRCULARS 1 03-May-82 Loan Approvals 2 19-Jul-82 Loan Payments 3 05-Aug-82 Loan Agreement 4 31-Mar-83 1 Provision for 1983 2 Changes in Conditions 3 Payments 4 Notification of Approval & Loan

More information

BNP Paribas in Italy. Developing Our Second Domestic Market. Jean Clamon. Chief Operating Officer. 15 June 2007

BNP Paribas in Italy. Developing Our Second Domestic Market. Jean Clamon. Chief Operating Officer. 15 June 2007 BNP Paribas in Italy Developing Our Second Domestic Market Jean Clamon Chief Operating Officer 15 June 2007 1 Disclaimer This presentation includes forward-looking statements based on current beliefs and

More information

DEA CAPITAL SHAREHOLDERS MEETING

DEA CAPITAL SHAREHOLDERS MEETING PRESS RELEASE DEA CAPITAL SHAREHOLDERS MEETING The Shareholders meeting: approves the financial statements for the year ending 31 December 2011 and reviews the consolidated financial statements of DeA

More information

PRESS KIT 1 October 2009

PRESS KIT 1 October 2009 PRESS KIT 1 October 2009 Contents Overview...3 Mission...3 History...3 The Group...4 - Insurance sector...5 - Bancassurance sector...6 - Banking sector...7 Results as at 30 June 2009 and 31 December 2008...8

More information

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR JULY 2015 Area (RS-1) GSR GSR (LCS-1) Texarkana Incorporated July-15 $0.50690/Ccf $0.45450/Ccf $0.00000/Ccf $2.85090/MMBtu $17.52070/MMBtu Texarkana Unincorporated July-15 $0.56370/Ccf $0.26110/Ccf $1.66900/Ccf

More information

1. 2015 Gross Borrowing Requirements and Funding Plan

1. 2015 Gross Borrowing Requirements and Funding Plan 1 1. 2015 Gross Borrowing Requirements and Funding Plan 1.1 Gross Borrowing requirements The Treasury expects its 2015 gross borrowing requirements to amount to EUR 39.90 billion. This represents an increase

More information

Ordinary Shareholders' Meeting 2013 Helvetia Holding AG

Ordinary Shareholders' Meeting 2013 Helvetia Holding AG Ordinary Shareholders' Meeting 2013 Helvetia Holding AG 1 Shareholders and votes present There are 1,591 participants with voting power present at this shareholders' meeting. Together, they cover for 5,671,089

More information

Highlights of 1H FY2015 Results. November 18, 2015

Highlights of 1H FY2015 Results. November 18, 2015 Highlights of 1H FY2015 Results November 18, 2015 Table of Contents 1. Trend of business results 3. Domestic life insurance Summary of 1H FY2015 results 3 Overview of 1H FY2015 results Himawari Life 27

More information

NATIONAL CREDIT UNION SHARE INSURANCE FUND

NATIONAL CREDIT UNION SHARE INSURANCE FUND NATIONAL CREDIT UNION SHARE INSURANCE FUND PRELIMINARY & UNAUDITED FINANCIAL HIGHLIGHTS RENDELL L. JONES CHIEF FINANCIAL OFFICER MANAGEMENT OVERVIEW Balance Sheet Other - Insurance and Guarantee Program

More information

CARE HOME SAMPLE PACK LIMITED

CARE HOME SAMPLE PACK LIMITED MANAGEMENT ACCOUNTS For the month of May 2010 1 KPIs Registered beds: 45 Jan-10 Feb-10 Mar-10 Apr-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Year to Date Average Occupancy 43.50 43.00 41.30 41.90

More information

Consolidated Business Results for the Fiscal Year Ended December 2014

Consolidated Business Results for the Fiscal Year Ended December 2014 1 FULLCAST HOLDINGS CO., LTD. Consolidated Business Results for the Fiscal Year Ended December 2014 February 13, 2015 2 Agenda Consolidated Business Highlights for the Fiscal Year Ended December 2014 (vs.

More information

Andrew Pylyp. Capital Market Day. Managing Director Wer liefert was? Stockholm 27. November 2006

Andrew Pylyp. Capital Market Day. Managing Director Wer liefert was? Stockholm 27. November 2006 Capital Market Day Andrew Pylyp Managing Director Wer liefert was? Stockholm 27. November 2006 Wer liefert was? GmbH Capital Market Day, November 27, 2006 134 Company History Media 1932 Business-to-Business

More information

Consolidated Quarterly Report as of March 31 st, 2007

Consolidated Quarterly Report as of March 31 st, 2007 Consolidated Quarterly Report as of March 31 st, 2007 GENERAL INFORMATION GENERAL INFORMATION... 3 SIGNIFICANT EVENTS IN THE FIRST QUARTER OF 2007... 5 SUMMARY OF RESULTS... 6 PROFIT AND LOSS ACCOUNT...

More information

Banco Santander Chile: Solid results in 2Q14. Sound outlook for 2015

Banco Santander Chile: Solid results in 2Q14. Sound outlook for 2015 0 Banco Santander : Solid results in 2Q14. Sound outlook for 2015 August 2014 Important information 1 Banco Santander caution that this presentation contains forward looking statements within the meaning

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

BPER Ordinary Shareholders' Meeting

BPER Ordinary Shareholders' Meeting PRESS RELEASE BPER Ordinary Shareholders' Meeting Approval of the 2011 financial statements Distribution of a dual dividend approved, made up of an amount of Euro 0.03 for each of the 332,720,994 shares

More information

INVESTMENT MANAGEMENT, LLC. Evaluating Financials In a State of Panic

INVESTMENT MANAGEMENT, LLC. Evaluating Financials In a State of Panic P Z E N A INVESTMENT MANAGEMENT, LLC Evaluating Financials In a State of Panic Financial Stocks in Free Fall Lehman Brothers Holdings Inc. (LEH) 29-Dec-2006 to 27-Nov-2007 (Daily) High: 86.180 U.S. Dollar

More information

Presentation to the financial community Key economic figures as of September 30, 2011 2012 2016 Business Plan

Presentation to the financial community Key economic figures as of September 30, 2011 2012 2016 Business Plan Presentation to the financial community Key economic figures as of September 30, 2011 2012 2016 Business Plan Rome, Italy Palazzo Altieri November 30, 2011 Agenda. Business dynamics Revenues and AUM Arturo

More information

BANCA CARIGE. Italian Large and Mid Cap Conference 2007. Giacomo Burro, CFO. Cassa di Risparmio di Genova e Imperia. Paris, 24 May 2007 -1-

BANCA CARIGE. Italian Large and Mid Cap Conference 2007. Giacomo Burro, CFO. Cassa di Risparmio di Genova e Imperia. Paris, 24 May 2007 -1- Cassa di Risparmio di Genova e Imperia Italian Large and Mid Cap Conference 2007 Paris, 24 May 2007 Giacomo Burro, CFO -1- Agenda Carige Group Overview Italian Large and Mid Cap Conference 2007 Strategic

More information

Sri Lanka: Macroeconomic Developments in Charts September 2015

Sri Lanka: Macroeconomic Developments in Charts September 2015 Sri Lanka: Macroeconomic Developments in Charts September 215 Real Sector and Inflation Real GDP Growth (Annual /Quarterly) Sectoral GDP Growth Per Capita GDP Unemployment Poverty Inflation (i) Inflation

More information

Annual Borrowing Plan

Annual Borrowing Plan 20154 Bosnia and Herzegovina Federation of Bosnia and Herzegovina Federal Ministry of Finance Annual Borrowing Plan 2016 January 2016 www.fmf.gov.ba INTRODUCTION In order to increase transparency, fiscal

More information

SECTION H - INFORMATION ON TRANSACTIONS WITH RELATED PARTIES

SECTION H - INFORMATION ON TRANSACTIONS WITH RELATED PARTIES SECTION H - INFORMATION ON TRANSACTIONS WITH RELATED PARTIES 1. Information regarding compensation of Directors and Top Managers with strategic responsibilities Pursuant to art. 78 of the Enacting Regulation

More information

Greek banks and corporate funding costs

Greek banks and corporate funding costs NATIONAL BANK OF GREECE Greek banks and corporate funding costs January 214 Paul Mylonas CRO & Chief Economist National Bank of Greece NBG: ECONOMIC ANALYSIS DEPARTMENT Economic Analysis Department Roadmap

More information

COMPANY PRESENTATION STAR CONFERENCE 2011. MILAN 2011, 22 nd March

COMPANY PRESENTATION STAR CONFERENCE 2011. MILAN 2011, 22 nd March COMPANY PRESENTATION MILAN 2011, 22 nd March AGENDA 1. The group at a glance 2. Market overview 3. Financials 4. Share price Pag. 2 SPEAKERS LUIGI LUZZATI Chairman of Centrale del Latte di Torino & C.

More information

Not for distribution in the United States, Canada, Australia or Japan

Not for distribution in the United States, Canada, Australia or Japan The distribution of this press release, directly or indirectly, in or into the United States, Canada, Australia or Japan is prohibited. This press release (and the information contained herein) does not

More information

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015 Presentation on Results for the 2nd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. November 4, 2015 Table of Contents 1. 2 nd Quarter FY 2015 Financials (1) Overview (2) Segment Information (3) Streamlining 2.

More information

Investors Report. Kemble Water Finance. For the period ended 30 September 2012

Investors Report. Kemble Water Finance. For the period ended 30 September 2012 Investors Report Kemble Water Finance For the period ended 30 September 2012 1 IMPORTANT NOTICE This report is being distributed in fulfilment of the Kemble Water Finance Limited (the Company ) Intercreditor

More information

ITALYABAFESTIVALSA&AEVENTSABA2014

ITALYABAFESTIVALSA&AEVENTSABA2014 ITALYABAFESTIVALSA&AEVENTSABA2014 Period Events Location Details JAN 04JAN&up&to&6weeks Winter&Sales Italy Shopping 07

More information

FINANCIAL RESULTS Q1 2016

FINANCIAL RESULTS Q1 2016 FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets

More information

Global Yatirim Holding AS

Global Yatirim Holding AS Company Fundamentals\Company Profile A Wright Investors' Service Research Report: Global Yatirim Holding AS 440 Wheelers Farms Road Milford, CT 06461 U.S.A. COMPANY PROFILE Figures in Turkish Liras Wright

More information

Abbreviated Interim Separate Financial Statements of BNP Paribas Bank Polska SA for the first half of 2012

Abbreviated Interim Separate Financial Statements of BNP Paribas Bank Polska SA for the first half of 2012 Abbreviated Interim Separate Financial Statements of BNP Paribas Bank Polska SA for the first half of 2012 BNP Paribas Bank Polska SA with its registered office at ul. Suwak 3, registered with the District

More information