7.1 Due from customers: breakdown

Type/Amounts

31.12.2010

31.12.2009

Performing

Impaired

Performing

Impaired

1. Current accounts

100,361

17,141

60,058

34,518

2. Repurchase agreements

-

-

-

-

3. Loans/mortgages

3,712

-

2,113

288

4. Credit cards, personal loans and salary-backed loans

-

-

-

-

5. Finance leases

 

 

 

 

6. Factoring

1,201,878

197,602

937,433

167,298

7. Other transactions

44,713

6,185

44,310

1,008

8. Debt securities

-

-

-

-

8.1 Structured

 

 

 

 

8.2 Others

 

 

 

 

Total (carrying amount)

1,350,664

220,928

1,043,914

203,112

Total (fair value)

1,350,664

220,928

1,043,914

203,112

Impaired assets consist for 98,446 thousand Euro of net expired positions determined on the basis of the current Bank of Italy provisions.

Net overdue loans refer for 36,911 thousand Euro to receivables due from the Civil Service, the result of a full definitive purchase factoring transaction and hence, given the reliability of the debtor and the quality of the receivables involved, no cumulative impairment losses were considered necessary.

These positions are, in fact, part of the bank’s ordinary operations which also involve, amongst other things, the full definitive purchase of receivables already overdue; their classification under impaired assets is necessary in order to comply with laws which, at present, do not allow exceptions even for high quality receivables due from debtors who are capable of accumulating very long, albeit physiological, delays in paying.

The fair value of due from customers is in line with the related carrying amount, considering the fact that they are mainly on demand.

7.2 Due from customers: breakdown by debtor/issuer

Type/Amounts

31.12.2010

31.12.2009

Performing

Impaired

Performing

Impaired

1. Debt securities:

-

-

-

-

a) Governments

-

-

-

-

b) Other public entities

-

-

-

-

c) Other issuers

-

-

-

-

- non-financial companies

 

 

 

 

- Financial institutions

 

 

 

 

- Insurance companies

 

 

 

 

- others

 

 

 

 

2. Loans to:

1,350,664

220,928

1,043,914

203,112

a) Governments

1,523

6,174

6,065

552

b) Other public entities

243,207

41,054

33,781

24,040

c) Other issuers

1,105,934

173,700

1,004,068

178,520

- Non-financial companies

994,589

150,470

924,256

171,704

- Financial institutions

77,803

3,185

37,713

5,568

- Insurance companies

- Others

33,542

20,045

42,099

1,248

Total

1,350,664

220,928

1,043,914

203,112