8.1 Net impairment losses/reversals on loans and receivables: composition

Income items

Impairment losses (1)

Reversals of impairment losses (2)

Total 31/12/2010

Total 31/12/2009

Specific

Portfolio

Specific

Portfolio

Write-offs

Others

A

B

A

B

Due from banks

-

-

-

-

-

-

-

-

-

- loans

 

 

 

 

 

 

 

 

 

- debt securities

 

 

 

 

 

 

 

 

 

Due from customers

(65)

(19,600)

(7,355)

1,389

1,422

-

-

(24,209)

(20,218)

- loans

(65)

(19,600)

(7,355)

1,389

1,422

 

 

(24,209)

(20,218)

- debt securities

 

 

 

 

 

 

 

 

 

C. Total

(65)

(19,600)

(7,355)

1,389

1,422

-

-

(24,209)

(20,218)

Key

A= from interest

B= other recoveries

The relevance of this item is to be read within its specific market scenario, with strong constraints due to the economic situation and company difficulties.

The impairment losses and reversals include the effect of ‘time value’ which derives from the process of discounting expected future cash flows.

8.2 Net impairment losses on available for sale financial assets: composition

Items/Return

Impairment losses (1)

Reversals of impairment losses (2)

Total 31/12/2010

Total 31/12/2009

Specific

Specific

Write-offs

Others

A

B

A. Debt securities

-

-

-

-

-

-

B. Equity instruments

-

(235)

X

X

(235)

-

C. O.E.I.C. units

-

-

X

-

-

-

D.Loans to banks

-

-

-

-

-

-

E. Loans to customers

-

-

-

-

-

-

F. Total

-

(235)

-

-

(235)

-

Key

A= from interest

B= other recoveries

Impairment due to the deterioration of available for sale financial assets refers to the fair value adjustment of a minority equity investment held.