2.1 Commission income: composition

Composition/Type

31.12.2010

31.12.2009

a) Guarantees granted

3

12

b) derivatives on loans

-

-

c) management. brokerage and consultancy services:

-

3

 

1. Trading of financial instruments

-

-

 

2. Trading in currency

-

-

 

3. Asset management:

-

-

 

3.1. Individual

-

-

 

3.2. Collective

-

-

 

4. Safe custody and management of securities

-

-

 

5. Depository bank

-

-

 

6. Placement of securities

-

-

 

7. Order collection and transmission

-

-

 

8. Consultancy

-

3

 

8.1 on investments

-

-

 

8.2 on financial structure

-

3

 

9. Third party services

-

-

 

9.1. Asset management:

-

-

 

9.1.1. Individual

-

-

 

9.1.2. Collective

-

-

 

9.2. Insurance products

-

-

 

9.3. Other products

-

-

d) services of collection and payment

1,145

944

e) servicing services for securitisation transactions

-

-

f) services for factoring transactions

66,677

51,286

g)Tax collection and payment

-

-

h)Management of multi-lateral trading systems

-

-

i)Current account holding and management

742

1,299

j) other services

1,976

2,526

 

Total

70,543

56,070

The increase compared to the previous year is attributable both to the increase in the number of existing customers (+6,4% compared to 31 December 2009) and to the higher remuneration offered by the guarantees and receivables management service provided by the Group, due to management complexity, as well as to offset the increase in credit risk.

2.2 Commission expense: composition

Services/Values

31.12.2010

31.12.2009

a) Guarantees received

(118)

(43)

b) Derivatives on loans

-

-

c) Management, brokerage and consultancy services:

(149)

(103)

 

1. Trading of financial instruments

-

-

 

2. Trading in currency

-

-

 

3. Asset management:

-

-

 

3.1 treasury portfolio

-

-

 

3.2 third parties portfolio

-

-

 

4. Safe custody and management of securities

(149)

(103)

 

5. Placement of financial instruments

-

-

 

6. Off-site offer of financial instruments, services and products

-

-

d) Services of collection and payment

(70)

(61)

e) other services

(3,362)

(3,585)

Total

(3,699)

(3,792)