Since 1960 in line with tradition and common sense

Transcription

1 Consolidated Interim Report at 30 th June 2013

2 Since 1960 in line with tradition and common sense These are the principles behind the way Banca del Sempione and its entire Group have been doing business for three generations. They are fundamental values to build durable and sincere relationships with our customers, sensitive also to families and their problems, careers, and friends, which, in our way of measuring wealth, form an essential part of it. Here is what distinguishes Banca del Sempione: the ability to be a true, reliable, and objective partner in the most difficult decisions, without ulterior motives in suggesting and in recommending, like a friend in the deepest and most beautiful sense of the word.

3 Consolidated Interim Report 30 th June 2013

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 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 78' '294 30'548 Due from banks 193' '332 22'056 Due from customers 109' '598 9'394 Mortgages 101' '796 2'108 Securities and precious metal trading portfolios 3'125 2' Financial investments 143' '525 5'502 Non consolidated participations Fixed assets 31'849 32' Intangible assests Accrued income and prepaid expenses 5'678 7'951 2'273 Other assets 24'659 21'369 3'290 Total assets 692' '112 5'629 Liabilities Due to banks 16'444 7'948 8'496 Due to customers in savings and investment accounts 58'165 57' Due to customers, others 449' '509 16'855 Accrued expenses an d deferred income 3'928 4' Other liabilities 33'368 26'251 7'117 Value adjustments and provisions 12'633 12' Reserves for general banking risks Share capital Reserves and retained earnings 81'544 77'041 4'503 Minority interests in shareholders equity Net income 9'409 9'409 of which minority interests Total liabilities 692' '112 5'629 Off balance sheet transactions Contingent liabilities 8'287 6'039 2'248 Irrevocable commitments 2'760 2'760 Liabilities for calls on share and other equities Derivative financial instruments Contract volumes 4'476'603 3'800' '458 Positive replacement values 23'242 20'566 2'676 Negative replacement values 23'725 20'307 3'418 Fiduciary transactions 12'459 40'871 28'412 Total Assets under control (including assets consolidated twice) 3'691'843 3'556' '470 INFORMATION ON SIGNIFICANT PARTICIPATIONS Fully consolidated companies Share capital Interest in % Banca del Sempione (Overseas) Ltd, Nassau Bank and Trust CHF ,0 BDS Corporate Services Ltd, Nassau Financial USD ,0 Imocentro SA, Lugano Real Estate CHF ,0 Finrate SA, Lugano Financial CHF ,0 Accademia SGR SpA, Milano Asset Management EUR ,7 Sempione SIM SpA, Milano Asset Management EUR ,4

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 1'565 1' Interest and dividend income on trading portfolios Interest and dividend income on financial investments 1' Interest expense Net interest income (subtotal) 2'698 2' Result from commission and service fee activities Commission income on lending activities Commission income on securities and investment activities 16'151 12'715 3'436 Commission income on other services 1'329 1' Commission expenses 1'428 1' Result from commission and service fee activities (subtotal) 16'106 13'037 3'069 Result from trading operations 2'462 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 21'896 19'081 2'815 Operating expenses Personnel expenses 10'113 9' Other operating expenses 4'236 4' Total operating expenses (subtotal) 14'349 13' Gross Profit 7'547 5'404 2'143 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) [email protected] 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 Piazza Stazione 9 CH 6600 Locarno Muralto Tel. +41 (0) Fax +41 (0) Subsidiaries Accademia SGR SpA Piazza Borromeo 14 I Milan, Italy Tel Fax Sempione SIM Società di Intermediazione Mobiliare SpA Head Office, General Management Via M. Gonzaga, 2 I Milan, Italy Tel Fax /124 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