Banco di Desio e della Brianza S p A : Report on Operations 2012

Report on Operations 2012

Corporate offices

Board of Directors

Chairman

Agostino Gavazzi*Deputy Chairman

Stefano Lado*Managing Director

Tommaso Cartone*Directors

Board of Statutory Auditors

ChairmanEgidio Gavazzi* Luigi Gavazzi Paolo Gavazzi Guido Pozzoli* Marina Brogi Gerolamo Pellicanò Pier Antonio Cutellé Lorenzo Rigodanza

* Members ofthe Executive Committee

Eugenio MascheroniStatutory AuditorsAlternate Auditors

General Management

General Director

Rodolfo Anghileri Marco Piazza Giovanni Cucchiani Clemente Domenici Carlo Mascheroni

Claudio BroggiVice General Director

Marco Sala

Manager responsible for preparing the Company's financial reports pursuant to article 154‐ bis of Consolidated Law on Finance "TUF"

Nominated Official in charge of draw ing up Company AccountsPiercamillo Secchi

PREAMBLE

The data and indexes indicated in this Report on operations, in addition to the comments on the breakdowns of the items and the changes that occurred, make reference, if applicable, to the Balance Sheet of the Financial Statements layout, as well as to the reclassified Income Statement, as outlined in the appropriate paragraph, which has in turn been prepared based on the Financial Statements layout.

Following the letter of the Bank of Italy of 16 January 2013 - index no. 0051159/13, the "quick loan application commissions" as at 31 December 2012 were reclassified from the item "Fee and commission income" to the item "Other operating expenses/(income)". In order to make the comparison of each item uniform, this reclassification was also carried out with reference to 31 December 2011.

It is also noted that, for the sake of consistency in comparing the figures, some charts in this Report on Operations concerning also the years before 2011, include for those years aggregate values of Banco di Desio e della Brianza S.p.A. with the then subsidiaries Banco Desio Toscana S.p.A. and Banco Desio Veneto S.p.A., following the merger of the latter in the Bank as from 1 October 2011.

1 - FINANCIAL HIGHLIGHTS AND RATIOS

BALANCE SHEET DATA

Amounts in thousands of Euros

Total assets

Financial assets Amounts due from banks Amounts due from customers Tangible assets

Intangible assets

Amounts due to banks Amounts due to customers

Securities issued and financial liabilities at fair value through profit or loss

Shareholders' equity (including net proft for the period) Total indirect deposits

INCOME STATEMENT DATA (1)

7,955,844 7,391,542 564,302 7.6%

31.12.2011

ChangeAm ount

%

1,159,071 1,001,436 157,635 15.7%

167,016 54,880 32.9%

5,774,850 352,095 6.1%

143,777 -2,614 -1.8%

8,384

41 0.5%

468,023 393,373 74,650 19.0%

4,365,020 3,513,235 851,785 24.2%

2,543,123 -412,916 -16.2%

745,679 9,943,316

30,790 4.1%

309,480 3.1%

Amounts in thousands of Euros

Operating income of which net interest income Operating costs

Operating margin

Profits/(losses) after taxes from continuing operations Non-recurring profit after taxes

Net profit/(loss) for the period

(1) fromreclassified Income Statement

31.12.2011

ChangeAm ount

%

308,592 298,141 10,451 3.5%

172,155 178,757 -6,602 -3.7%

188,543 197,961 -9,418 -4.8%

120,048 100,180 19,868 19.8%

22,475 35,535 -13,060 -36.8%

-13,270 7,700 -20,970 -272.3%

9,205 43,235 -34,030 -78.7%

FINANCIAL RATIOS

Shareholders' equity / Total assets

Shareholders' equity / Amounts due from customers Shareholders' equity / Amounts due to customers

Shareholders' equity / Securities issued and Financial liabilities at fair value through profit or loss

Tier 1 capital / Weighted asset (Tier1 )

Overall assets / Weighted asset (Total capital ratio) Financial assets / Total assets

Amounts due from banks / Total assets Amounts due from customers / Total assets

Amounts due from customers / Direct deposits from customers

Amounts due to banks / Total assets

Amounts due to customers / Total assets

Securities issued and Financial liabilities at fair value through profit or loss / Total assets

Direct deposits from customers / Total assets Operating costs / Operating income (Cost/Income ratio) Net interest income / Operating income

Operating margin / Operating income

Operating profit net of taxes / Shareholders' equity

Net profit/(loss) for the period / Shareholders' equity (R.O.E.)

STRUCTURE AND PRODUCTIVITY DATA

31.12.2012

31.12.2011

Change Am ount

10.1% -0.3%

12.9% -0.2%

21.2% -3.4%

29.3% 7.2%

17.0% 1.3%

18.4% 1.7%

13.5% 1.1%

2.3% 0.5%

78.1% -1.1%

95.4% -1.1%

5.3% 0.6%

47.5% 7.4%

34.4% -7.6%

81.9% -0.3%

66.4% -5.3%

60.0% -4.2%

33.6% 5.3%

4.8% -1.9%

6.2% -5.0%Number of employees Number of bank branches

Amounts in thousands of Euros

Amounts due from customers by employee (2) Direct deposits from customer by employee (2) Operating income by employee (2)

(2) on the basis of the number of employees determined as arithmetic mean

3,841 3,619

31.12.2011

1,608 164

4,072 3,796

193 187

Change

Am ount	%
-26	-1.6%
0	0.0%
222	6.1%
276	7.3%
6	3.2%
5