REGISTRATION DOCUMENT Registered Office at Piazzetta Giordano Dell'Amore 3, 20121 Milan enrolled with the Register of Banks under No. 5570 A company belonging to the Intesa Sanpaolo Banking Group enrolled with the Register of Banking Groups A company subject to the management and co-ordination of its sole shareholder, Intesa Sanpaolo S.p.A. Share capital: EUR 662,464,000 Enrolled with the Companies' Register of Milan under No. 04377700150 This document constitutes a registration document (together with any supplements and documents incorporated by reference, the "Registration Document") of the issuer, Banca IMI S.p.A. (the "Issuer" or "Banca IMI") for the purposes of Directive 2003/71/EC (the "Directive") and has been drawn up in compliance with article 14 of Regulation No. 2004/809/EC. It contains the information provided for in Annex XI of Regulation 2004/809/EC and provides information on the Issuer as the issuer of debt and derivative securities for the period of twelve months following its date of approval by CONSOB. The Registration Document, together with documentation prepared for the offer and/or admission to trading of debt and derivative securities issued by the Issuer from time to time in compliance with the Directive, namely the securities note (which may be part of programmes for the issue of securities and which contains risks and specific information in relation to the financial instruments) (the "Securities Note"), the relevant summary (containing a summary of essential characteristics and risks associated with the Issuer and the securities) (the "Summary"), any supplements and final terms, as well as the documentation specified as being incorporated by reference herein, constitutes a prospectus for the purposes of the Directive. This Registration Document must therefore be read, in relation to an offer and/or admission to trading of the debt and derivative securities issued by the Issuer from time to time, in conjunction with the relevant Securities Note, Summary, any final terms and the documentation specified as being incorporated by reference herein, and information on the Issuer and on the offer and/or admission to trading of the debt and derivative securities issued by the Issuer from time to time may only be obtained by consulting the Registration Document, the relevant Securities Note, any relevant Summary Note and any final terms together. This Registration Document conforms with the document that was filed with CONSOB on 2 July 2009 pursuant to the authorisation communicated by notice No. 9059273 of 25 June 2009. Publication of the Registration Document does not involve any judgement by CONSOB on the advisability of the proposed investment or the merits of the data and information relating thereto. This Registration Document, together with any subsequent supplements thereto and the documents incorporated by reference herein, is available to the public at the registered office of the Issuer in Milan, Piazzetta Giordano Dell'Amore 3; at the offices of Borsa Italiana S.p.A.; and may be viewed on the Issuer's website at www.bancaimi.it. 1 TABLE OF CONTENTS 1. Responsible Persons.........................................................................................................................5 1.1 Responsible Persons ............................................................................................................5 1.2 Responsibility Statement .....................................................................................................5 2. Auditors...........................................................................................................................................6 3. Risk Factors.....................................................................................................................................7 4. Information on the Issuer ...............................................................................................................11 4.1 History and Development of the Issuer ..............................................................................11 4.1.1 Legal and Commercial Name of the Issuer ............................................................11 4.1.2 Place of Registration and Registration Number of the Issuer..................................11 4.1.3 Date of Establishment and Duration of the Issuer ..................................................11 4.1.4 Important Information relating to the Issuer...........................................................12 4.1.5 Key recent events in the development of the Issuer's business that are material for an assessment of its solubility.............................................................12 4.1.6 Rating of the Issuer ...............................................................................................12 5. Overview of Activities ...................................................................................................................14 5.1 Main Activities..................................................................................................................14 5.1.1 Description of the nature of the Issuer's activities and of its main activities............14 5.1.2 Main markets ........................................................................................................15 5.1.3 Statements on the Competitive Position of the Issuer.............................................15 6. Organisational Structure.................................................................................................................16 6.1 The Group and the Position of the Issuer within the Group.................................................16 6.2 Dependence on other entities within the Group ..................................................................18 7. Information on Expected Trends ....................................................................................................19 7.1 Material adverse changes in the Issuer's prospects from the date of the latest published Audited Financial Statements.............................................................................19 7.2 Information on trends, uncertainties, requests, undertakings or facts that might materially affect the Issuer's prospects for the current financial year...................................19 8. Forecasts or Estimated Profits ........................................................................................................19 9. Administrative, Management and Supervisory Bodies ....................................................................20 9.1 Information on the Administrative, Management and Supervisory Bodies..........................20 9.1.1 Board of Directors ................................................................................................20 9.1.2 Managing Director and Chief Executive Officer....................................................22 9.1.3 General Manager...................................................................................................22 9.1.4 Board of Statutory Auditors ..................................................................................22 9.2 Conflicts of interest of members of the Board of Directors and the Board of Statutory Auditors .............................................................................................................23 10. Main Shareholders .........................................................................................................................24 10.1 Entity controlling the Issuer...............................................................................................24 10.2 Agreements that may result in a change in control of the Issuer..........................................24 11. Financial Information in Respect of the Assets and Liabilities, Financial Situation and Profit and Loss of the Issuer.....................................................................................................................25 11.1 Financial information relating to the financial years ending 31 December 2008 and 31 December 2007, respectively ........................................................................................25 11.2 Documents incorporated by reference................................................................................25 The Issuer does not prepare consolidated financial statements. .......................................................25 11.3 Audited financial information ............................................................................................26 11.3.1 Audited annual information relating to previous financial years.............................26 11.3.2 Other information contained in the Registration Document reviewed by the Auditing Firm .......................................................................................................26 2 11.4 Date of most recent financial information ..........................................................................26 11.5 Interim financial information and other financial information.............................................26 11.6 Legal and arbitration proceedings that may have a material effect on the Issuer’s performance. .....................................................................................................................26 11.7 Material changes in the financial or business situation of the Issuer....................................29 12. Material Contracts..........................................................................................................................30