A. Qualitative information

1. Tier 1 capital

The positive elements playing a part in the calculation of tier 1 capital are share capital, share premiums, reserves and the part of profit increasing reserves. The deductions include treasury shares held by the bank at the end of the year, intangible assets, as well as the negative balance between positive and negative reserves related to debt securities classified as "available for sale financial assets". Pursuant to the Bank of Italy's instructions of 18 May 2010, the Banca IFIS Group excluded from the calculation valuation reserves related to securities issued by the central administrations of EU member States.

2. Tier 2 capital

Tier 2 capital is composed of negative elements stemming from negative exchange differences arising as a result of the consolidation of the foreign subsidiary.

3. Tier 3 capital

Tier 3 capital or ancillary capital is not quantifiable due to the absence of elements.

B. Quantitative information

 

31.12.2010

31.12.2009

 

A. Tier 1 capital before application of prudential filters

206,510

152,066

B. Tier 1 prudential filters

-

-

B1 - IFRS prudential filters positive (+)

-

-

B2 - IFRS prudential filters negative (-)

-

-

C. Tier 1 capital gross of deductibles (A+B)

206,510

152,066

D. Deductibles to subtract from Tier 1 capital

-

-

E. Tier 1 total (C-D)

206,510

152,066

F. Tier 2 capital before application of prudential filters

(3,784)

(4,007)

G. Tier 2 prudential filters

-

(307)

G1- IFRS prudential filters positive (+)

-

-

G2- IFRS prudential filters negative (-)

-

(307)

H. Tier 2 capital gross of deductibles (F+G)

(3,784)

(4,314)

I. Deductibles to subtract from Tier 2 capital

-

-

L. Total Tier 2 capital (H - I)

(3,784)

(4,314)

M. Deductibles to subtract from Tier 1 and Tier 2 capital

-

-

N. Regulatory capital (E+L-M)

202,726

147,752

O. Tier 3 capital

-

-

P. Supervisory capital including TIER3 (N + O)

202,726

147,752