Intermediation activities

In 2010 Financial Intermediation Activities (FIA) on behalf of customers – direct and indirect deposits – exceeded €50 billion. The figure, which does not include € 667.2 million in liabilities designated at fair value relating to Carige Vita Nuova insurance products, in which the investment risk is borne by the insured, amounts to € 50,674.1 million, up by 0.8% on September 2010 and 8% YoY. Not considering the contribution of business unit acquired from BMPS starting from 31 May 2010, the YoY change equals 5.1%.

Direct deposits amounted to € 26,583.5 million, up by 0.5% and 3.5% in the last quarter and the year (+1.5% net of former BMPS branches).

Indirect deposits totalled € 24,090.6 million, up 1.2% in the last quarter and 13.5% in the year (+9.6 net of the former BMPS branches). These represent 47.5% of total FIA and are composed of assets under management for 42.9%, and assets in custody, for 57.1%.

FINANCIAL INTERMEDIATION ACTIVITIES (figures in thousands of euro)
 
Situation as at Change %
 
12/31/10 9/30/10 12/31/09 12/31/08 12/10
9/10
12/10
12/09
Total (A+B) 50,674,119 50,262,352 46,921,406 43.124.348 0.8 8.0
Direct deposits (A) (1) 26,583,549 26,458,750 25,695,779 22.164.080 0.5 3.5
% on Total 52.5% 52.6% 54.8% 51.4%

Indirect deposits (B) 24,090,570 23,803,602 21,225,627 20.960.268 1.2 13.5
% on Total 47,5% 47.4% 45.2% 48.6%

- Assets under management 10,341,649 10,190,506 8,701,235 7.930.228 1.5 18.9
% on Total 20,4% 20.3% 18.5% 18.4%

% on Indirect deposits 42,9% 42.8% 41.0% 37.8%

- Assets in custody 13,748,921 13,613,096 12,524,392 13.030,040 1.0 9.8
% on Total 27.1% 27.1% 26.7% 30.2%

% on Indirect deposits 57.1% 57.2% 59.0% 62.2%

(1) Carige Vita Nuova liabilities, designated at fair value and relating to products for which risk is borne by the insured, are not included in this table.

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