Consolidated Interim Report at 30 th June 2013
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.
Consolidated Interim Report 30 th June 2013
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
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
CONSOLIDATED BALANCE SHEET AT 30.06.2013 (Amount expressed in CHF 1 000) 30.06.2013 31.12.2012 Change Assets Cash 78'746 109'294 30'548 Due from banks 193'388 171'332 22'056 Due from customers 109'992 100'598 9'394 Mortgages 101'688 103'796 2'108 Securities and precious metal trading portfolios 3'125 2'458 667 Financial investments 143'023 148'525 5'502 Non consolidated participations 20 20 Fixed assets 31'849 32'322 473 Intangible assests 315 447 132 Accrued income and prepaid expenses 5'678 7'951 2'273 Other assets 24'659 21'369 3'290 Total assets 692'483 698'112 5'629 Liabilities Due to banks 16'444 7'948 8'496 Due to customers in savings and investment accounts 58'165 57'532 633 Due to customers, others 449'654 466'509 16'855 Accrued expenses an d deferred income 3'928 4'054 126 Other liabilities 33'368 26'251 7'117 Value adjustments and provisions 12'633 12'608 25 Reserves for general banking risks 15 910 15 910 Share capital 20 000 20 000 Reserves and retained earnings 81'544 77'041 4'503 Minority interests in shareholders equity 837 850 13 Net income 9'409 9'409 of which minority interests 14 14 Total liabilities 692'483 698'112 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 50 50 Derivative financial instruments Contract volumes 4'476'603 3'800'145 676'458 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 3'556'373 135'470 INFORMATION ON SIGNIFICANT PARTICIPATIONS Fully consolidated companies Share capital Interest in % Banca del Sempione (Overseas) Ltd, Nassau Bank and Trust CHF 5 000 000 100,0 BDS Corporate Services Ltd, Nassau Financial USD 100 000 100,0 Imocentro SA, Lugano Real Estate CHF 700 000 100,0 Finrate SA, Lugano Financial CHF 200 000 100,0 Accademia SGR SpA, Milano Asset Management EUR 1 942 800 93,7 Sempione SIM SpA, Milano Asset Management EUR 2 500 000 81,4
CONSOLIDATED INCOME STATEMENT AT 30.06.2013 (Amount expressed in CHF 1 000) 30.06.2013 30.06.2012 Change REVENUES AND EXPENSES FROM ORDINARY BANKING ACTIVITIES Result from interest activities Interest and discount income 1'565 1'781 216 Interest and dividend income on trading portfolios 36 32 4 Interest and dividend income on financial investments 1'319 877 442 Interest expense 222 159 63 Net interest income (subtotal) 2'698 2'531 167 Result from commission and service fee activities Commission income on lending activities 54 65 11 Commission income on securities and investment activities 16'151 12'715 3'436 Commission income on other services 1'329 1'290 39 Commission expenses 1'428 1'033 395 Result from commission and service fee activities (subtotal) 16'106 13'037 3'069 Result from trading operations 2'462 2'863 401 Other ordinary results Results from the sale of financial investments 397 33 364 Income from non consolidated participations 11 3 8 Real estate income 355 389 34 Other ordinary income 7 239 232 Other ordinary expenses 140 14 126 Other ordinary results (subtotal) 630 650 20 Total income 21'896 19'081 2'815 Operating expenses Personnel expenses 10'113 9'544 569 Other operating expenses 4'236 4'133 103 Total operating expenses (subtotal) 14'349 13'677 672 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
ADDRESSES Head Office, General Management Lugano Via Peri 5 CH 6900 Lugano Tel. +41 (0)91 910 71 11 Fax +41 (0)91 910 71 60 www.bancadelsempione.ch banca@bancadelsempione.ch Swift code: BASE CH22 Branches Bellinzona Viale Stazione 8a CH 6500 Bellinzona Tel. +41 (0)91 910 71 11 Fax +41 (0)91 825 81 34 Chiasso Piazza Boffalora 4 CH 6830 Chiasso Tel. +41 (0)91 910 71 11 Fax +41 (0)91 683 99 06 Locarno Muralto Piazza Stazione 9 CH 6600 Locarno Muralto Tel. +41 (0)91 910 71 11 Fax +41 (0)91 743 63 49 Subsidiaries Accademia SGR SpA Piazza Borromeo 14 I 20123 Milan, Italy Tel. +39 02 36 567 003 Fax +39 02 36 567 183 www.accademiasgr.it Sempione SIM Società di Intermediazione Mobiliare SpA Head Office, General Management Via M. Gonzaga, 2 I 20123 Milan, Italy Tel. +39 02 303 03 51 Fax +39 02 303 035 122/124 Lecco Branch Piazza Lega Lombarda, 3 4th floor, staircase A 23900 Lecco, Italy Tel. +39 0341 36 97 06 Fax. +39 0341 37 06 30 www.sempionesim.it Banca del Sempione (Overseas) Ltd. George House, George Street Nassau, The Bahamas Tel. +1 242 322 80 15 Fax +1 242 356 20 30