Interim statement as at 30 September 2011 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 This is an English translation of the Italian original “Resoconto intermedio al 30 settembre 2011” and has been prepared solely for the convenience of the reader. The Italian version takes precedence and will be made available to interested readers upon request to Intesa Sanpaolo S.p.A. This document contains certain forward-looking statement, projections, objectives, estimates and forecasts reflecting the Intesa Sanpaolo management’s current views with respect to certain future events. Forward-looking statements, projections, objectives, estimates and forecasts are generally identifiable by the use of the words “may,” “will,” “should,” “plan,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “goal” or “target” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding Intesa Sanpaolo’s future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where Intesa Sanpaolo participates or is seeking to participate. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements as a prediction of actual results. The Intesa Sanpaolo Group’s ability to achieve its projected objectives or results is dependent on many factors which are outside management’s control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. All forward-looking statements included herein are based on information available to Intesa Sanpaolo as of the date hereof. Intesa Sanpaolo undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to Intesa Sanpaolo or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 Interim Statement as at 30 September 2011 Intesa Sanpaolo S.p.A. Registered office: Piazza San Carlo, 156 10121 Torino Secondary registered office: Via Monte di Pietà, 8 20121 Milano Share capital 8,545,561,614.72 Euro Registration number on the Torino Company Register and Fiscal Code 00799960158 VAT number 10810700152 Member of the National Interbank Deposit Guarantee Fund and of the National Guarantee Fund, included in the National Register of Banks No. 5361 and Parent Company of “Intesa Sanpaolo”, included in the National Register of Banking Groups. WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 3 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 Contents The Intesa Sanpaolo Group 7 Supervisory Board, Management Board, General Management, Manager responsible for 11 preparing the Company’s financial reports and Independent Auditors Overview of the nine months of 2011 13 Income statement figures and alternative performance measures 14 Balance sheet figures and alternative performance measures 15 Other alternative performance measures 16 Executive summary 19 Consolidated financial statements 29 Report on operations 35 Economic results 37 Balance sheet aggregates 46 Breakdown of consolidated results by business area 55 Risk management 81 Accounting policies 101 Criteria for the preparation of the Interim statement 103 Declaration of the Manager responsible for preparing the Company’s financial reports 106 Contacts 107 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 5 5 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 THE INTESA SANPAOLO GROUP WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 The Intesa Sanpaolo Group: presence in Italy Banks NORTH WEST NORTH EAST INTESA SANPAOLO Subsidiaries INTESA SANPAOLO Subsidiaries Branches Company Branches Branches Company Branches 1,674 Intesa Sanpaolo Private Banking 60 17 CR del Veneto 448 Banca Fideuram 39 CR in Bologna 206 Banca Prossima 21 CR del Friuli Venezia Giulia 143 Banca CR Firenze 7 CR Venezia 118 BIIS 5 CR di Forlì e della Romagna 114 Mediocredito Italiano 2 Banca di Trento e Bolzano 85 Banca IMI 1 Banca Monte Parma 67 CR del Veneto 1 Banca CR Firenze 47 Intesa Sanpaolo Private Banking 38 Banca Fideuram 22 CENTRE Banca Prossima 12 INTESA SANPAOLO Subsidiaries BIIS 3 Branches Company Branches Mediocredito Italiano 2 369 Banca CR Firenze 712 Banca dell’Adriatico 82 SOUTH Banca Fideuram 21 INTESA SANPAOLO Subsidiaries Intesa Sanpaolo Private Banking 21 Branches Company Branches Banca Prossima 10 5 Banco di Napoli 754 BIIS 4 Banca dell’Adriatico 115 Banco di Napoli 3 Intesa Sanpaolo Private Banking 20 Mediocredito Italiano 2 Banca Prossima 16 Banca CR Firenze 12 ISLANDS Banca Fideuram 11 INTESA SANPAOLO Subsidiaries BIIS 4 Branches Company Branches Mediocredito Italiano 2 188 Banca di Credito Sardo 95 Banca Prossima 7 Banca Fideuram 5 Intesa Sanpaolo Private Banking 5 BIIS 2 Mediocredito Italiano 1 Figures as at 30 September 2011 Product Companies Bancassurance Pension Funds Asset Management Fiduciary Services Consumer Credit Electronic Payments Leasing Factoring WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 8 The Intesa Sanpaolo Group: international presence Banks, Branches and Representative Offices AMERICA ASIA EUROPE Direct Branches Representative Offices Direct Branches Representative Offices Direct Branches Representative Offices George Town Santiago Dubai Beijing Amsterdam Athens(2) New York São Paulo Hong Kong Beirut Dornbirn(1) Brussels(3) Shanghai Ho Chi Minh City Frankfurt Istanbul(4) Singapore Mumbai Innsbruck(1) London(5) Tokyo Seoul London Moscow Tehran Madrid Paris(5) Paris Stockholm Warsaw Country Subsidiaries Branches Albania Intesa Sanpaolo Bank Albania 30 Bosnia and Herzegovina Intesa Sanpaolo Banka Bosna i Hercegovina 55 Croatia Privredna Banka Zagreb 220 Czech Republic VUB Banka 1 Hungary CIB Bank 138 Ireland Intesa Sanpaolo Bank Ireland 1 Luxembourg Banca Fideuram 1 Société Européenne de Banque (SEB) 1 Romania Intesa Sanpaolo Bank Romania 77 Banca CR Firenze Romania 15 Russian Federation Banca Intesa 75 Serbia Banca Intesa Beograd 207 Slovakia VUB Banka 244 Slovenia Banka Koper 55 Switzerland Intesa Sanpaolo Private Bank (Suisse) 1 Ukraine Pravex-Bank 389 United Kingdom Banca IMI 1 AFRICA Representative Offices Country Subsidiaries Branches Figures as at 30 September 2011 (1) Branches of Italian subsidiary Banca di Trento e Bolzano Cairo Egypt Bank of Alexandria 200 (2) Representative offices of Intesa Sanpaolo and Banca IMI Casablanca (3) International Regulatory and Antitrust Affairs and Intesa Sanpaolo Eurodesk Tunis (4) Representative offices of Intesa Sanpaolo and BIIS (5) Representative office of BIIS Product Companies Consumer Credit, E-money and Payment Systems Asset Managment Leasing Insurance WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 9 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 Supervisory Board, Management Board, General Management, Manager responsible for preparing the Company’s financial reports and Independent Auditors Supervisory Board Chairman Giovanni BAZOLI Deputy Chairpersons Mario BERTOLISSI Elsa FORNERO Members Luigi Arturo BIANCHI Rosalba CASIRAGHI Franco DALLA SEGA Gianluca FERRERO Jean-Paul FITOUSSI Pietro GARIBALDI Giulio Stefano LUBATTI Marco MANGIAGALLI Gianni MARCHESINI Fabio PASQUINI Eugenio PAVARANI Gianluca PONZELLINI Gian Guido SACCHI MORSIANI Marco SPADACINI Livio TORIO Riccardo VARALDO Management Board Chairman Andrea BELTRATTI Senior Deputy Chairman Marcello SALA Deputy Chairman Giovanni COSTA Managing Director and Chief Executive Officer Corrado PASSERA Members Aureliano BENEDETTI Paolo CAMPAIOLI Elio CATANIA Roberto FIRPO Emilio OTTOLENGHI General Managers Corrado PASSERA Gaetano MICCICHÈ Marco MORELLI (*) Manager responsible for preparing the Company’s financial reports Ernesto RIVA Independent Auditors RECONTA ERNST & YOUNG S.p.A. (*) Deputy to the CEO 11 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 11 11 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 Overview OF THE NINE MONTHS OF 2011 WorldReginfo - f83ae022-11b9-4244-b908-d28af66d9a56 Income statement figures and alternative performance measures (°) Consolidated income statement figures (millions of euro) Changes amount % Net interest income 7,239 -53 -0.7 7,292 4,127 Net fee and commission income -8 -0.2 4,135 Profits (losses) on trading 747 407 340 Income from insurance business 335 -193 -36.6 528 Operating income 12,520 187 1.5 12,333 Operating costs -6,771 -35 -0.5 -6,806 Operating margin 5,749 222 4.0 5,527 -2,200 Net adjustments to loans -75 -3.3 -2,275 Income after tax from discontinued operations - -691 691 Net income 1,929 -271 -12.3 2,200 Quarterly development of main consolidated income statement figures (millions of euro) Operating income Operating costs Operating margin Net income 3,800 12,520 4,515 0 2,235 0 6,771 1,565 4,205 2,294 0 5,749 2,242 2,221 527 0 1,963 661 741 1,929 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q