Consolidated Interim Report

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1 Consolidated Interim Report at 30 th June 2014

2 where common sense is built in

3 Consolidated Interim Report 30 th June 2014

4 Bank s governing bodies Board of Directors of Management of the Submanagement of the Fiorenzo Perucchi 1) 2) chairman Günter Jehring 1) vice chairman Francesco Arcucci 2) Bruno Armao 1) 2) Sergio Barutta Giampio Bracchi Massimiliano Danisi 1) 2) Giuseppe Franchi Sandro Medici 1) Silvio Tarchini 2) Auditor PricewaterhouseCoopers, Lugano Stefano Rogna general manager Giordano Bellotti deputy general manager Massimo Gallacchi manager Pietro Scibona manager Athos Walter manager Carlo Buono manager Michele Donelli joint manager Silvia Jehring joint manager Arianna Baccalà Ghommidh assistant manager Marco Cappelleri assistant manager Giuliano Flematti assistant manager Angelo Gilardoni assistant manager Antonella Novati assistant manager Dario Piffaretti assistant manager Maria Quagliozzi assistant manager Massimo Valsangiacomo assistant manager Peter Wüst assistant manager 1 members of executive board 2 independent members

5 Internal auditors Frank Leisinger chief inspector Gabriele Domenighetti inspector Sascha Ferretti inspector (from ) Management of the branches of the Chiasso Roberto Piccioli manager branch manager Bellinzona Ermes Bizzozero joint manager branch manager Locarno Muralto Claudio Lanini assistant manager branch manager 4 5 Consolidated Interim Report

6 CONSOLIDATED BALANCE SHEET AT (Amount expressed in CHF 1 000) Change Assets Cash 118' '324 7'682 Due from banks 182' '005 15'700 Due from customers 120' '749 4'950 Mortgages 116' '748 9'049 Securities and precious metal trading portfolio 2'957 3' Financial investments 134' '903-4'024 Non consolidated participations Fixed assets 31'746 31' Intangible assests Accrued income and prepaid expenses 5'486 3'544 1'942 Other assets 11'161 18'932-7'771 Total assets 724' '750 26'935 Liabilities Due to banks 16'265 11'143 5'122 Due to customers in savings and investment accounts 54'784 56'325-1'541 Due to customers, others 498' '352 34'131 Accrued expenses an d deferred income 3'532 3' Other liabilities 17'269 22'408-5'139 Value adjustments and provisions 12'910 13' Reserves for general banking risks 15'910 15'910 Share capital 20'000 20'000 Reserves and retained earnings 85'326 81'628 3'698 Minority interests in shareholders equity Net income 8'905-8'905 of which minority interests Total liabilities 724' '750 26'935 Off balance sheet transactions Contingent liabilities 6'345 7' Irrevocable commitments 2'202 2'202 Derivative financial instruments Contract volumes 3'956'791 4'128' '800 Positive replacement values 9'861 17'796-7'935 Negative replacement values 9'678 17'420-7'742 Fiduciary transactions 18'061 18' Total Assets under control (including assets consolidated twice) 3'669'417 3'677'831-8'414 INFORMATION ON SIGNIFICANT PARTICIPATIONS Fully consolidated companies Share capital Interest in % Imocentro SA, Lugano Real Estate CHF Finrate SA, Lugano Financial CHF Accademia SGR SpA, Milano Asset Management EUR Sempione SIM SpA, Milano Asset Management EUR Banca del Sempione (Overseas) Ltd, Nassau Bank CHF

7 CONSOLIDATED INCOME STATEMENT AT (Amount expressed in CHF 1 000) Change REVENUES AND EXPENSES FROM ORDINARY BANKING ACTIVITIES Result from interest activities Interest and discount income 1'767 1' Interest and dividend income on trading portfolios Interest and dividend income on financial investments 1'244 1' Interest expense Net interest income (subtotal) 2'789 2' Result from commission and service fee activitie Commission income on lending activities Commission income on securities and investment activities 14'943 16'151-1'208 Commission income on other services 1'195 1' Commission expenses -1'389-1' Result from commission and service fee activities (subtotal) 14'803 16'106-1'303 Result from trading operations 1'859 2' Other ordinary results Results from the sale of financial investments Income from non consolidated participations Real estate income Other ordinary income Other ordinary expenses Other ordinary results (subtotal) Total income 19'977 21'896-1'919 Operating expenses Personnel expenses -9'785-10' Other operating expenses -4'306-4' Total operating expenses (subtotal) -14'091-14' Gross Profit 5'886 7'547-1'661 Total depreciation and amortization, value adjustments and provisions were unchanged from the previous corresponding period. 6 7 Consolidated Interim Report

8 ADDRESSES Head Office, General Management Lugano Via Peri 5 CH 6900 Lugano Tel. +41 (0) Fax +41 (0) banca@bancadelsempione.ch Swift code: BASE CH22 Branches Bellinzona Viale Stazione 8a CH 6500 Bellinzona Tel. +41 (0) Fax +41 (0) Chiasso Piazza Boffalora 4 CH 6830 Chiasso Tel. +41 (0) Fax +41 (0) Locarno Muralto Via della Stazione 9 CH 6600 Locarno Muralto Tel. +41 (0) Fax +41 (0) Subsidiaries Accademia SGR SpA Piazza Borromeo 14 I Milano Tel Fax Sempione SIM Società di Intermediazione Mobiliare SpA Head Office, General Management Via M. Gonzaga, 2 I Milan, Italy Tel Fax /24 Lecco Branch Piazza Lega Lombarda, 3 4th floor, staircase A Lecco, Italy Tel Fax Banca del Sempione (Overseas) Ltd. George House, George Street Nassau, The Bahamas Tel Fax

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