The merger between BPU Banca and Banca Lombarda for the creation of UBI Banca was announced in Novembre 2006 and became effective on April 1st, 2007. The first available pro-forma financial highlights referring to UBI Banca are those as at  December 31st, 2006. Please refer to the Historical Documentation section to view the Financial Highlights relating to BPU Banca and Banca Lombarda prior to the announcement.

The reclassified pro-forma balance sheet and income statement figures for 2006 incorporate the calculation and allocation of merger differences, as well as the impacts of the Purchase Price Allocation, in the same terms and in the same amount as performed for the financial statements for 2007.  As for 2007 the effect of the Purchase Price Allocation on the reclassified pro-forma income statement for the financial year 2006  was negative by approximately 81 million and it was allocated as follows: -87,8 million in net interest income, -61,6 million in net impairment losses on property, plant and equipment and intangible assets, +57,2 million in taxes and +11,5 million of profit attributable to minorities. The items in the table below already include the effect of the purchase price allocation.

Operating income 4,278

of which: Net Interest Income 2,425

of which: Net Commission Income° 1,285

Operating Costs (2,523)

of which: Staff Costs°° (1,532)

Profit on Continuing Operations Before Tax 1,530

Profit for the year    852

Number of employees (in the consolidation perimeter)  21,661

Branches in Italy 1,974

Financial Advisors ~1,000

°  net of Performance Fees
°° net of Integration Costs

UBI Banca: schemes as at 31 December 2007 and 31 December 2006 (Excel, 113,5 KB)