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GRUPPO CARIGE
12 November 2012
Intermediation and security portfolio
Economic results
Equity
Agenda
N.B.: aggregated amounts may differ from the sum of addends because of rounding off; changes arecalculated on not rounded off amounts 2
TOTAL DEPOSITS DIRECT DEPOSITS
€ b
Deposits collected from customers are stable…
3
Institutional deposits include: EMTN, subordinated loans, Debt v/AM2, repurchase agreements and Banco Posta bonds (maturity12/2011).
INDIRECT DEPOSITS
44.5 44.3 43.4
7.9 7.7 7.1
1.3 2.052.4 53.3 52.5
0.2%‐1.5%
30/09/2011 31/12/2011 30/09/2012Retail Institutional Ltro Ch. including LTRO
28.7 29.7 29.5
3.0%‐0.7%
30/09/2011 31/12/2011 30/09/2012
4.1 4.1 4.0
9.7 10.0 9.2
9.9 9.5 9.8
‐5.4% ‐7.6%
‐3.2% ‐2.8%
‐0.7% 3.2%
‐3.1%‐2.4%
23.7 23.6 23.0
30/09/2011 31/12/2011 30/09/2012AUM Ins. Companies AUM Assets in Custody
RETAIL
4
INSTITUTIONAL(excluding LTRO)
€ b
Net of the conversion of the ConvertibleBond and of the transfer of public entities’
treasuries (243 mln) +1.6%
Net of the conversion of the Convertible Bond and of the transfer of public entities’ treasuries +1.2%
… mainly direct deposits…
DIRECT DEPOSITS
16.0 16.0 16.1
12.7 12.5 11.4
1.3 2.0
3.0%‐0.7%
28.7 29.7 29.5
30/09/2011 31/12/2011 30/09/2012Short Term M/L term LTRO
20.8 20.7 20.4
7.9 7.7 7.11.3 2.0
3.0%‐0.7%
28.7 29.7 29.5
30/09/2011 31/12/2011 30/09/2012
RETAIL Institutional LTRO
13.6 13.5 13.4
7.2 7.2 7.1
‐1.9%‐1.5%
20.8 20.7 20.4
30/09/2011 31/12/2011 30/09/2012Short term M/L term
2.4 2.5 2.7
5.5 5.3 4.4
‐9.6%‐7.8%
7.9 7.7 7.1
30/09/2011 31/12/2011 30/09/2012Short term M/L term
29
91
53
8
92
25 33
91
44 43
157
122
208 216
241
100 113
96 93
118107
9578
91 88
56 63 61 55 4859
47
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Maturities
Issues
Repurchase
5
…with large retail bond placement…
€ m
Overall maturities 2012: 0.8 bMaturities as at 30/9/2012: 0,5 mIssues (net of repurchases) as at 30/9/2012: 0,7 m
Conversion of convertiblebonds 394 m
RETAIL BONDS: MATURITIES AND ISSUES
6
FUNDING: € 36.1 b
…that represent the bulk of funding…
MATURITIES BREAKDOWN
€ m
Liquidity from LTRO € 2 b
313
3.405
2.032 2.084
1.615
628 552
159
477
‐
40 4 154
30 20
4Q2012
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2030 2032 2040
RETAIL
INSTITUTIONAL
COVERED BONDS
LOANS TO CUSTOMERS
€ b
…and support loans to diversified customers…
HOUSEHOLDS (1) CORPORATES (1)
M/L TERM (1)SHORT TERM (1)
(1) Net of institutional and NPL
Institutional loans include repurchase agreements with financial companies, interest-earning post office bonds and other loans.
7
24.5 24.9 25.2
2.5 2.7 3.427.1 27.5 28.6
5.6%
3.9%
30/09/2011 31/12/2011 30/09/2012
retail institutional
+2.5% over 12 months+1.2% over 9 months
8.1 8.1 8.0
‐1.4%‐1.4%
30/09/2011 31/12/2011 30/09/2012
15.2 15.4 15.6
2.7%
0.9%
30/09/2011 31/12/2011 30/09/2012
5.2 5.4 5.4
3.4%1.1%
30/09/2011 31/12/2011 30/09/2012
18.0 18.1 18.1
0.7%
‐0.2%
30/09/2011 31/12/2011 30/09/2012
€ m
8
Of which NPL 3Q12/3Q11:
+24.2%3Q12/FY11: +20.5%
… with risk levels…
GROSS IMPAIRED LOANS TO CUSTOMERS
1,838.9 1,818.1 2,373.8
679.0 701.3
828.5
27.2%27.1%
2,517.9 2,519.5
3,202.4
29.1%
30.6%
30/09/2011 31/12/2011 30/09/2012
Net Adj. Ch. (gross) Ch. (net)
3Q12 Gross Adj. Net CoveragePerforming loans 25,402 90 25,312 0.4%
Impaired loans 3,202 829 2,374 25.9%NPL (Sofferenze) 1,626 713 912 43.9%Watchlist (Incagli) 900 93 806 10.4%Rescheduled (Ristrutturati) 151 11 140 7.2%Past due (Scaduti) 526 11 515 2.1%
Total loans to customers 28,604 918 27,686 3.2%
9
...in line with the System
NPL/LOANS NPL INFLOWS/LOANS (2)
(2) Cumulated NPL inflows / Loans net of NPL as at 1st Jan
IMPAIRED LOANS/LOANS IMPAIRED LOANS AND NPL/EQUITY (1)
(1) Net of the AFS reserve established against the revaluation of the equityinvestment in the Bank of Italy; net of the negative government securitiesAFS reserve
9.3% 9.2%
11.2%
7.0% 6.8%8.6%
30/09/2011 31/12/2011 30/09/2012
Gross Net
64.2% 69.0% 68.6%
25.1% 28.0% 26.4%
30/09/2011 31/12/2011 30/09/2012
Net impaired loans / equity Net NPL loans / equity
4.8% 4.9%5.7%
2.7% 2.8% 3.3%
30/09/2011 31/12/2011 30/09/2012
Gross Net
System 5.9% (*)
System 3.4% (*)
(*)Data as at August 2012Source: ABI Monthly Outlook October 2012
1.19 1.22
0.97
‐ 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 2011 2012
Considerable commercial business
Change ytd
+7,246
+7,475
-229
CURRENT ACCOUNTS 62.027 new current accounts opened as at 30/09/2012
349,508 349,367 349,138
401,257 400,944 408,419
750,765 750,311 757,557
0.9%1.0%
Sep‐11 Dec‐11 Sep‐12
Carige Group
Liguria network Extra Liguria network
11
Conservative portfolio strategy
€ b
€ mITALIAN GOVIES BY MATURITY BY COUNTRY
SECURITIES PORTFOLIO BY TYPE (1)
(1) Data do not include the stake in Bank of Italy and the notional valueunderlying customers’ index linked policies
9.6 10.8 13.0
35.0%20.2%
30/09/2011 31/12/2011 30/09/2012
Govies82%
Corporate12%
Shares and other6%
160
1,325
2,336
4,028 4,449
9,615
2012 2013 2014 2015 2016 > 2016
Total 11.7 b
Total 9.7 b
Italia9,6 mld99%
PIGS19m
Resto Europa23m
Sovranazionali4m
Extra Europa24m
Altro< 0,1 1%
Intermediation and security portfolio
Economic results
Equity
Agenda
N.B.: aggregated amounts may differ from the sum of addends because of rounding off; changes arecalculated on not rounded off amounts 12
13
€ m
Growth of revenues...
GROSS OPERATING INCOME
818.1949.016.0%
30/09/2011 30/09/2012
276.5326.0
296.9 315.9 336.2
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q1121.6%
30/09/2011 30/09/2012 Ch. %
Banking 711.7 813.8 14.4%
Insurance 106.5 135.2 26.9%
14
€ m
... from both interest and services
NET INTEREST INCOME
OTHER REVENUES
566.0599.0
5.8%
30/09/2011 30/09/2012
252.1
350.038.8%
30/09/2011 30/09/2012
193.9 197.9 205.0 217.1
176.9
3Q11 4Q11 1Q12 2Q12 3Q12
82.6
128.191.9 98.9
159.3
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q11‐8.8%
3Q12/3Q1192.8%
15
€ m
…and of a growth of commissions and financial items
NET COMMISSIONS
OTHER REVENUES (2)
(1) Dividends, profits/losses on trading, plus/minus from evaluation,profits/losses from sales/repurchases (items 70, 80, 90, 100 b-c-d e 110).
FINANCE (1)
(2) profits/losses from loan sales/repurchases (item 100 a).
222.8 240.3
7.8%
30/09/2011 30/09/2012
30.2
108.2...
30/09/2011 30/09/2012
‐1.0
1.5…
30/09/2011 30/09/2012
75.9 77.5 80.6 77.6 82.1
3Q11 4Q11 1Q12 2Q12 3Q12
7.2
47.7
11.0 19.7
77.6
3Q11 4Q11 1Q12 2Q12 3Q12
‐0.5
2.9
0.31.6
‐0.5
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q118.2%
3Q12/3Q11…
3Q12/3Q11…
16
€ m
… with still high risk levels…
Cost of risk3Q12
0.41%
VALUE ADJUSTMENTS
COST OF RISK
Change % - Loan Adj.
88.8118.0
98.0
135.832.9%
30/09/2011 30/09/2012
Loan adj. AFS securities impairment
33.0 29.2 30.8 43.2 43.93.0
48.5
0.7
18.7
‐1.7
36.0
77.7
31.6
62.0
42.3
3Q11 4Q11 1Q12 2Q12 3Q12
Loan adj. AFS securities impairment
3Q12/3Q1117.3%
11.93%
8.95%10.39%
13.68% 13.07%
0.12% 0.11% 0.11%
0.16% 0.15%
3Q11 4Q11 1Q12 2Q12 3Q12
Loan Adj./Gross operating income Loan Adj./Loans
€ m
C/I
17
…and operating costs under control…
3Q12FY113Q11
OPERATING COSTS
508.9 511.10.4%
30/09/2011 30/09/2012
170.6 160.9 167.8 172.1 171.2
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q110.3%
62.2% 53.9%58.5%
€ m
…in all their items
18
OVERHEAD COSTS
STAFF COSTS
OTHER COSTS
313.3 310.5‐0.9%
30/09/2011 30/09/2012
155.0 148.4‐4.2%
30/09/2011 30/09/2012
40.6 52.228.5%
30/09/2011 30/09/2012
102.190.3
103.9 105.0 101.5
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q11‐0.5%
56.6 50.7 48.7 52.6 47.2
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q11‐16.7%
12.019.9 15.3 14.4
22.5
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q1187.9%
€ m
19
Growth of net profit
CONSOLIDATED NET PROFIT
Change % - Net profit
138.7
152.910.3%
30/09/2011 30/09/2012
63.5
48.0 45.3 45.0
62.7
3Q11 4Q11 1Q12 2Q12 3Q12
3Q12/3Q11‐1.3%
Including 30 m from recognition of registered
goodwill not yet amortised
Intermediation and security portfolio
Economic results
Equity
Agenda
N.B.: aggregated amounts may differ from the sum of addends because of rounding off; changes arecalculated on not rounded off amounts 20
CORE TIER I (%) TIER I (%)
TOTAL CAPITAL (%) LEVERAGE RATIO(1)
21
Capital ratios
full compliant CET1 as at 1/1/2013 afterthe Reorganization
Project> 8%
Data as at al 31/12/2011 include the conversion of the "Banca Carige 4.75% 2010-2015 convertible bond”.Data as at 30/09/2012: figures estimated, pending official disclosure.
(1) Assets net of intangible assets / T1 capital
5.9 6.7 6.5
30/09/2011 31/12/2011 30/09/2012
6.7 7.4 7.2
30/09/2011 31/12/2011 30/09/2012
9.0 10.1 9.6
30/09/2011 31/12/2011 30/09/2012
27.3 25.1 26.0
30/09/2011 31/12/2011 30/09/2012
This document has been prepared by Banca Carige SpA solely for information purposes and for use in presentation of the Group’s strategies and financials. The information contained herein has not been independently verified. No representation or warranty, express or implied, is made as to, and
no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the company, its advisors or representatives shall
have any liability whatsoever for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. The forward-looking information
contained herein has been prepared on the basis of a number of assumptions which may prove to be incorrect and, accordingly, actual results may vary.
This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment
whatsoever.
The distribution of this presentation in certain jurisdictions may be restricted by law. Recipients of this presentation should inform themselves about and observe such restrictions.
The information herein may not be reproduced or published in whole or in part, for any purpose, or distributed to any other party. By accepting this document you agree to be bound by the foregoing
limitations.
*****The manager responsible for preparing the company’s financial reports Ms. Daria Bagnasco, Deputy
General Manager (Governance and Control) of Banca CARIGE S.p.A., declares, pursuant to paragraph 2 of Article 154 bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and accounting records.
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