Unicredit — Earnings Release 2017

Feb 8, 2018

4Q17 GROUP RESULTS

Divisional Database

4Q17 GROUP RESULTS

CONSOLIDATED ACCOUNTS

Consolidated Income Statement	3
Consolidated Balance Sheet	4
Group Shareholder's Equity	5
Asset Quality Group	6
Asset Quality Group Core	7
Asset Quality Non-Core	8
Asset Quality by Division	9
Capital Position	10

CONTRIBUTION OF DIVISIONS TO GROUP RESULTS

Commercial Bank Italy	11
Commercial Bank Germany	12
Commercial Bank Austria	13
CIB	14
CIB Managerial Data	15
Fineco	16
GCC	17
CEE Division	18
CEE Countries	19-28
Non-Core	29
Fees - Details Group	30
Branches	31

Consolidated Income Statement

CONSOLIDATED INCOME STATEMENT

		FY	y/y	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2017	2016	%	2016	2016	2016	2016	2017	2017	2017	2017
Net interest	10,299	10,307	-0.1%	2,631	2,670	2,591	2,415	2,564	2,652	2,500	2,583
Dividends and other income from equity investments	638	844	-24.4%	212	295	189	148	170	183	165	120
Net fees and commissions	6,708	6,263	+7.1%	1,633	1,603	1,527	1,499	1,703	1,730	1,592	1,683
Net trading income	1,818	2,080	-12.6%	337	860	478	405	590	462	381	384
Net other expenses/income	156	102	+53.7%	77	37	49	-62	28	49	7	73
OPERATING INCOME	19,619	19,595	+0.1%	4,890	5,464	4,835	4,405	5,055	5,076	4,646	4,842
Payroll costs	-6,905	-7,124	-3.1%	-1,832	-1,837	-1,791	-1,665	-1,755	-1,744	-1,704	-1,701
Other administrative expenses	-4,398	-4,900	-10.3%	-1,105	-1,122	-1,112	-1,561	-1,114	-1,081	-1,078	-1,124
Recovery of expenses	760	768	-1.0%	176	194	191	207	176	167	171	246
Amortisation & depreciation	-807	-1,196	-32.5%	-214	-218	-228	-536	-193	-199	-201	-214
Operating costs	-11,350	-12,453	-8.9%	-2,976	-2,982	-2,940	-3,555	-2,886	-2,858	-2,813	-2,794
OPERATING PROFIT	8,268	7,143	+15.8%	1,914	2,482	1,896	850	2,168	2,218	1,833	2,049
Net write-downs of loans	-2,605	-12,207	-78.7%	-760	-884	-977	-9,586	-670	-564	-598	-772
NET OPERATING PROFIT	5,664	-5,064	n.m.	1,154	1,599	919	-8,736	1,498	1,654	1,235	1,277
Other Charges & Provisions	-1,064	-2,078	-48.8%	-381	-477	-247	-973	-463	-135	-273	-193
o/w Systemic Charges	-588	-1,057	-44.3%	-356	-259	-173	-269	-434	-19	-149	14
Integration costs	-147	-2,132	-93.1%	-252	-83	-26	-1,771	-5	-8	-31	-103
Net income from investments	-305	-910	-66.4%	-18	0	-8	-885	24	-173	-5	-151
PROFIT BEFORE TAX	4,148	-10,183	n.m.	504	1,039	638	-12,364	1,054	1,338	926	830
Income tax for the period	-609	-734	-17.0%	-194	-160	-277	-103	-219	-143	-181	-66
Profit (Loss) from non-current assets held for sale, after tax	2,251	-144	n.m.	190	184	190	-707	162	-133	2,126	96
PROFIT (LOSS) FOR THE PERIOD	5,790	-11,061	n.m.	500	1,064	551	-13,175	997	1,062	2,871	860
Minorities	-313	-464	-32.6%	-93	-147	-103	-121	-89	-116	-50	-58
NET PROFIT ATTRIBUTABLE TO THE GROUP BEFORE PPA	5,477	-11,524	n.m.	407	917	448	-13,296	909	946	2,821	801
Purchase Price Allocation effect	-4	-5	-20.0%	-1	-1	-1	-2	-1	-1	-1	-1
Goodwill impairment	0	-261	-100.0%	0	0	0	-261	0	0	0	0
CONSOLIDATED PROFIT	5,473	-11,790	n.m.	406	916	447	-13,558	907	945	2,820	801
INCOME STATEMENT RATIOS
Cost income ratio	57.9%	63.5%	-5.7 pp	60.9%	54.6%	60.8%	80.7%	57.1%	56.3%	60.5%	57.7%
Cost of Risk (LLP annualized on Avg Loans) in basis points	58	269	-211	67	77	85	855	60	50	53	69
Tax rate	14.7%	n.m.	n.m.	38.5%	15.4%	43.4%	n.m	20.8%	10.7%	19.6%	7.9%
VOLUMES
Customers Loans (excl. Repos)	421,846	417,868	+1.0%	421,077	428,459	426,150	417,868	419,267	420,655	421,064	421,846
Customer Depos (excl. Repos)	413,791	395,979	+4.5%	379,626	380,401	386,139	395,979	391,645	394,944	398,632	413,791
TFA Commercial Core	823,962	791,217	+4.1%	768,064	762,589	777,670	791,217	796,647	793,730	803,825	823,962
o/w AUM	218,385	196,995	+10.9%	188,620	190,049	196,099	196,995	202,771	207,150	211,417	218,385
o/w AUC	201,988	210,474	-4.0%	212,742	204,064	207,017	210,474	212,561	202,909	203,419	201,988
Total RWA	356,100	387,136	-8.0%	394,359	399,260	390,901	387,136	385,261	352,669	350,024	356,100
OTHER FIGURES
FTEs (100%)	91,952	98,304	-6.5%	100,139	99,831	99,183	98,304	96,423	95,288	94,066	91,952
ROTE STATED	8.7%	6.3%	2.4 pp	3.8%	8.7%	4.2%	-144.4%	9.4%	8.2%	23.0%	6.3%

Consolidated Balance Sheet
(mln Euro)	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Assets
Cash and cash balances	8,793	11,904	15,582	13,858	32,261	48,428	48,982	64,493
Financial assets held for trading	97,239	104,047	93,433	87,467	86,191	79,529	81,493	74,686
Loans and receivables with banks	85,442	67,452	75,473	74,692	77,968	65,225	67,888	70,983
Loans and receivables with customers	455,756	462,069	452,849	444,607	452,766	450,298	450,509	447,727
Financial investments	154,422	157,463	148,859	149,004	142,123	138,209	136,617	138,664
Hedging instruments	8,451	8,025	8,017	6,872	6,231	5,975	5,665	5,676
Property, plant and equipment	9,285	9,229	9,220	9,092	9,054	8,947	8,812	8,449
Goodwill	1,744	1,744	1,744	1,484	1,484	1,484	1,484	1,484
Other intangible assets	1,893	1,905	1,885	1,708	1,687	1,763	1,790	1,902
Tax assets	15,601	15,604	15,368	15,161	15,293	14,252	13,347	12,658
Non-current assets and disposal groups classified as held for sale	43,386	43,179	43,540	45,854	46,603	4,052	1,671	1,111
Other assets	10,192	8,857	8,557	9,735	9,424	8,966	8,841	8,958
Total assets	892,203	891,477	874,527	859,533	881,085	827,128	827,099	836,790
Liabilities and shareholders' equity
Deposits from banks	111,175	112,038	113,838	103,852	138,581	129,844	128,110	123,244
Deposits from customers	449,360	443,968	441,033	452,419	437,996	433,017	438,334	462,895
Debt securities in issue	127,628	123,569	119,426	115,436	109,103	110,664	106,383	98,603
Financial liabilities held for trading	71,154	79,304	67,800	68,361	60,631	55,505	58,806	55,784
Financial liabilities designated at fair value	1,217	1,465	1,509	2,497	3,027	3,045	2,960	3,011
Hedging instruments	12,014	12,427	11,545	9,405	8,202	7,245	6,859	6,610
Provisions for risks and charges	9,357	9,723	9,733	10,541	10,055	8,665	8,680	8,650
Tax liabilities	1,534	1,299	1,378	1,399	1,443	1,188	1,190	1,093
Liabilities included in disposal groups classified as held for sale	34,861	35,453	35,418	35,869	36,031	618	161	185
Other liabilities	19,959	18,933	17,704	16,566	18,980	21,354	17,039	16,491
Minorities	3,513	3,174	3,906	3,853	4,312	822	872	894
Shareholders' equity	50,431	50,123	51,237	39,336	52,723	55,161	57,705	59,331
- Capital and reserves	49,998	49,812	50,409	51,881	52,948	53,955	53,729	54,588
- Available-for-sale assets fair value reserve and
cash-flow hedging reserve and defined benefits plans reserve	27	-1,011	-941	-755	-1,132	-647	-696	-731
- Net profit	406	1,321	1,768	-11,790	907	1,853	4,672	5,473
Total liabilities and shareholders' equity	892,203	891,477	874,527	859,533	881,085	827,128	827,099	836,790

Shareholders' Equity attributable to the Group

(mln Euro)

Shareholders' Equity as at 31 December 2016	39,336
Capital increase (net of capitalized costs)(*)	12,722
Equity instruments	2,227
Disbursements related to Cashes transaction ("canoni di usufrutto")	-32
Dividend payment	0
Forex translation reserve(**)	125
Change in afs/cash-flow hedge reserve	-217
Others(***)	-304
Net profit (loss) for the period	5,473
Shareholders' Equity as at 31 December 2017	59,331

Note:

(*) Please note that the capital increase is 12,999.6 million.

(**) This positive effect is mainly due to the negative impact of the Ruble for €219 million and the reclassification throught profit and loss, for €310 million, of the negative exchange reserve of Zloty related to the polish subsidiaries due to the loss of control occured in 7 June 2017.

(***) This includes mainly:

• the positive change in the reserves relating to the actuarial gains/losses on defined benefit plans of €241 million net of taxes;

• the negative change in the valuation reserve of the companies accounted for using the equity method for €475 million, mainly due to the depreciation of the items in Turkish Lira;

• the positive change of the reserve related of non current assets classified as held for sale for €37 million mainly due to the sale of the polish subsidiary and to the disposal of the subsidiaries belonging to Pioneer Group to Amundi; - the negative change of the reserve related to the coupon paid to subscribers of the AT1 instruments, net of taxes for €163 milion;

• the positive effect of €29 million related to the disposal of Pekao SA' share (1.04%) due to the early redemption of mandatory settled equity-linked certificates occurred in the first quarter 2017.

Asset Quality Group
CONSOLIDATED IMPAIRED LOANS TO CUSTOMER
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2016	2016	2016	2016	2017	2017	2017	2017
NPLs - Face value	50,778	50,094	50,089	31,799	31,084	29,940	29,391	27,805
Writedowns	30,873	30,643	30,772	20,854	20,704	19,896	19,469	18,306
as a percentage of face value (Coverage Ratio)	60.8%	61.2%	61.4%	65.6%	66.6%	66.5%	66.2%	65.8%
NPLs - Carrying value	19,905	19,451	19,317	10,945	10,381	10,043	9,923	9,499
Unlikely to pay - Face value	24,154	23,054	22,679	23,165	22,870	21,757	20,486	19,522
Writedowns	8,121	7,942	7,708	10,021	9,993	9,493	9,011	8,494
as a percentage of face value (Coverage Ratio)	33.6%	34.5%	34.0%	43.3%	43.7%	43.6%	44.0%	43.5%
Unlikely to pay- Carrying value	16,033	15,112	14,970	13,144	12,877	12,264	11,475	11,028
Past-due loans - Face value	2,132	2,075	2,062	1,379	1,346	1,294	1,402	1,105
Writedowns	584	570	582	472	447	446	481	441
as a percentage of face value (Coverage Ratio)	27.4%	27.5%	28.2%	34.3%	33.2%	34.4%	34.3%	39.9%
Past-due loans- Carrying value	1,547	1,505	1,480	906	899	849	922	664
IMPAIRED LOANS - Face value	77,064	75,222	74,829	56,342	55,300	52,991	51,279	48,432
Writedowns	39,579	39,155	39,062	31,347	31,144	29,835	28,960	27,240
as a percentage of face value (Coverage Ratio)	51.4%	52.1%	52.2%	55.6%	56.3%	56.3%	56.5%	56.2%
IMPAIRED LOANS - Carrying value	37,485	36,067	35,767	24,995	24,156	23,156	22,319	21,192
PERFORMING LOANS - Face value	420,442	428,140	419,121	421,804	430,719	429,231	430,315	428,550
Writedowns	2,172	2,139	2,039	2,191	2,109	2,089	2,124	2,015
as a percentage of face value (Coverage Ratio)	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%
PERFORMING LOANS- Carrying value	418,271	426,001	417,082	419,613	428,610	427,142	428,190	426,535
AS A PERCENTAGE OF TOTAL LOANS TO CUSTOMERS
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
	2016	2016	2016	2016	2017	2017	2017	2017
NPLs - Face value	10.2%	10.0%	10.1%	6.7%	6.4%	6.2%	6.1%	5.8%
NPLs - Carrying value	4.4%	4.2%	4.3%	2.5%	2.3%	2.2%	2.2%	2.1%
Unlikely to pay - Face value	4.9%	4.6%	4.6%	4.8%	4.7%	4.5%	4.3%	4.1%
Unlikely to pay - Carrying value	3.5%	3.3%	3.3%	3.0%	2.8%	2.7%	2.5%	2.5%
Past-due loans - Face value	0.4%	0.4%	0.4%	0.3%	0.3%	0.3%	0.3%	0.2%
Past-due loans - Carrying value	0.3%	0.3%	0.3%	0.2%	0.2%	0.2%	0.2%	0.1%
Total Impaired Loans - Face value	15.5%	14.9%	15.1%	11.8%	11.4%	11.0%	10.6%	10.2%
Total Impaired Loans - Carrying value	8.2%	7.8%	7.9%	5.6%	5.3%	5.1%	5.0%	4.7%

Asset Quality - Group Core
CONSOLIDATED IMPAIRED LOANS TO CUSTOMER
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2016	2016	2016	2016	2017	2017	2017	2017
NPLs - Face value	13,044	12,705	13,018	12,734	12,119	11,511	11,213	10,739
Writedowns	8,231	8,235	8,332	8,647	8,454	8,031	7,791	7,342
as a percentage of face value (Coverage Ratio)	63.1%	64.8%	64.0%	67.9%	69.8%	69.8%	69.5%	68.4%
NPLs - Carrying value	4,813	4,470	4,686	4,088	3,665	3,480	3,422	3,397
Unlikely to pay - Face value	11,284	10,640	10,672	10,956	11,143	10,674	10,045	10,249
Writedowns	3,972	3,817	3,711	4,561	4,634	4,482	4,297	4,434
as a percentage of face value (Coverage Ratio)	35.2%	35.9%	34.8%	41.6%	41.6%	42.0%	42.8%	43.3%
Unlikely to pay- Carrying value	7,312	6,822	6,961	6,395	6,510	6,193	5,748	5,815
Past-due loans - Face value	1,381	1,472	1,503	1,176	1,117	1,104	1,199	969
Writedowns	412	433	449	401	375	380	412	394
as a percentage of face value (Coverage Ratio)	29.8%	29.4%	29.9%	34.1%	33.6%	34.4%	34.4%	40.6%
Past-due loans- Carrying value	969	1,038	1,054	775	742	724	787	576
IMPAIRED LOANS - Face value	25,709	24,817	25,193	24,866	24,379	23,290	22,457	21,957
Writedowns	12,615	12,485	12,492	13,608	13,462	12,893	12,501	12,170
as a percentage of face value (Coverage Ratio)	49.1%	50.3%	49.6%	54.7%	55.2%	55.4%	55.7%	55.4%
IMPAIRED LOANS - Carrying value	13,094	12,331	12,701	11,258	10,917	10,397	9,957	9,787
PERFORMING LOANS - Face value	411,324	420,912	412,445	416,143	425,279	425,165	426,648	425,236
Writedowns	1,829	1,851	1,796	1,965	1,899	1,893	1,941	1,854
as a percentage of face value (Coverage Ratio)	0.4%	0.4%	0.4%	0.5%	0.4%	0.4%	0.5%	0.4%
PERFORMING LOANS- Carrying value	409,495	419,060	410,649	414,178	423,380	423,272	424,708	423,382
AS A PERCENTAGE OF TOTAL LOANS TO CUSTOMERS
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
	2016	2016	2016	2016	2017	2017	2017	2017
NPLs - Face value	3.0%	2.9%	3.0%	2.9%	2.7%	2.6%	2.5%	2.4%
NPLs - Carrying value	1.1%	1.0%	1.1%	1.0%	0.8%	0.8%	0.8%	0.8%
Unlikely to pay - Face value	2.6%	2.4%	2.4%	2.5%	2.5%	2.4%	2.2%	2.3%
Unlikely to pay - Carrying value	1.7%	1.6%	1.6%	1.5%	1.5%	1.4%	1.3%	1.3%
Past-due loans - Face value	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%	0.3%	0.2%
Past-due loans - Carrying value	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%
Total Impaired Loans - Face value	5.9%	5.6%	5.8%	5.6%	5.4%	5.2%	5.0%	4.9%
Total Impaired Loans - Carrying value	3.1%	2.9%	3.0%	2.6%	2.5%	2.4%	2.3%	2.3%

Asset Quality - Non Core
CONSOLIDATED IMPAIRED LOANS TO CUSTOMER
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2016	2016	2016	2016	2017	2017	2017	2017
NPLs - Face value	37,734	37,389	37,071	19,064	18,965	18,429	18,178	17,066
Writedowns	22,642	22,409	22,440	12,207	12,250	11,865	11,677	10,963
as a percentage of face value (Coverage Ratio)	60.0%	59.9%	60.5%	64.0%	64.6%	64.4%	64.2%	64.2%
NPLs - Carrying value	15,092	14,980	14,631	6,857	6,715	6,563	6,500	6,103
Unlikely to pay - Face value	12,871	12,414	12,007	12,209	11,726	11,082	10,440	9,274
Writedowns	4,150	4,125	3,997	5,460	5,360	5,011	4,714	4,060
as a percentage of face value (Coverage Ratio)	32.2%	33.2%	33.3%	44.7%	45.7%	45.2%	45.1%	43.8%
Unlikely to pay- Carrying value	8,721	8,289	8,010	6,749	6,367	6,071	5,727	5,213
Past-due loans - Face value	751	603	559	203	229	190	204	136
Writedowns	173	136	133	72	72	66	69	47
as a percentage of face value (Coverage Ratio)	23.0%	22.6%	23.8%	35.3%	31.6%	34.6%	33.7%	34.7%
Past-due loans- Carrying value	578	467	426	131	156	124	135	88
IMPAIRED LOANS - Face value	51,355	50,406	49,636	31,476	30,920	29,701	28,822	26,475
Writedowns	26,964	26,670	26,570	17,739	17,682	16,942	16,460	15,071
as a percentage of face value (Coverage Ratio)	52.5%	52.9%	53.5%	56.4%	57.2%	57.0%	57.1%	56.9%
IMPAIRED LOANS - Carrying value	24,391	23,736	23,066	13,737	13,239	12,759	12,362	11,405
PERFORMING LOANS - Face value	9,119	7,228	6,676	5,661	5,440	4,066	3,666	3,314
Writedowns	343	287	243	226	210	196	183	161
as a percentage of face value (Coverage Ratio)	3.8%	4.0%	3.6%	4.0%	3.9%	4.8%	5.0%	4.8%
PERFORMING LOANS- Carrying value	8,776	6,941	6,433	5,434	5,230	3,870	3,483	3,153
AS A PERCENTAGE OF TOTAL LOANS TO CUSTOMERS
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
	2016	2016	2016	2016	2017	2017	2017	2017
NPLs - Face value	62.4%	64.9%	65.8%	51.3%	52.2%	54.6%	56.0%	57.3%
NPLs - Carrying value	45.5%	48.8%	49.6%	35.8%	36.4%	39.5%	41.0%	41.9%
Unlikely to pay - Face value	21.3%	21.5%	21.3%	32.9%	32.3%	32.8%	32.1%	31.1%
Unlikely to pay - Carrying value	26.3%	27.0%	27.2%	35.2%	34.5%	36.5%	36.1%	35.8%
Past-due loans - Face value	1.2%	1.0%	1.0%	0.5%	0.6%	0.6%	0.6%	0.5%
Past-due loans - Carrying value	1.7%	1.5%	1.4%	0.7%	0.8%	0.7%	0.9%	0.6%
Total Impaired Loans - Face value	84.9%	87.5%	88.1%	84.8%	85.0%	88.0%	88.7%	88.9%
Total Impaired Loans - Carrying value	73.5%	77.4%	78.2%	71.7%	71.7%	76.7%	78.0%	78.3%

Asset Quality by Division
	CONSOLIDATED IMPAIRED LOANS TO CUSTOMER
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2016	2016	2016	2016	2017	2017	2017	2017
CBK Italy
Total Impaired Loans - Face value	8,532	8,664	9,119	9,618	9,976	9,503	9,630	9,561
Total Impaired Loans - Carrying value	4,693	4,781	5,098	4,492	4,635	4,532	4,625	4,575
Total Customer Loans - Face value	140,149	142,845	141,669	140,746	141,634	143,951	142,899	144,168
Total Customer Loans - Carrying value	135,664	138,324	137,028	134,933	135,624	138,235	137,173	138,461
Coverage Ratio - Specific only	45.0%	44.8%	44.1%	53.3%	53.5%	52.3%	52.0%	52.2%
Coverage Ratio - Overall Provisions	52.6%	52.2%	50.9%	60.4%	60.2%	60.2%	59.5%	59.7%
Impaired Loans Ratio - Face value	6.1%	6.1%	6.4%	6.8%	7.0%	6.6%	6.7%	6.6%
Impaired Loans Ratio - Carrying value	3.5%	3.5%	3.7%	3.3%	3.4%	3.3%	3.4%	3.3%
CBK Germany
Total Impaired Loans - Face value	2,585	2,436	2,379	2,324	2,162	2,118	1,844	1,821
Total Impaired Loans - Carrying value	1,439	1,282	1,289	1,381	1,064	1,001	781	743
Total Customer Loans - Face value	80,412	81,394	81,559	81,946	83,215	83,907	82,949	82,357
Total Customer Loans - Carrying value	79,015	80,078	80,310	80,822	81,958	82,635	81,726	81,155
Coverage Ratio - Specific only	44.3%	47.4%	45.8%	40.6%	50.8%	52.7%	57.6%	59.2%
Coverage Ratio - Overall Provisions	54.0%	54.0%	52.5%	48.3%	58.1%	60.1%	66.3%	66.0%
Impaired Loans Ratio - Face value	3.2%	3.0%	2.9%	2.8%	2.6%	2.5%	2.2%	2.2%
Impaired Loans Ratio - Carrying value	1.8%	1.6%	1.6%	1.7%	1.3%	1.2%	1.0%	0.9%
CBK Austria
Total Impaired Loans - Face value	2,795	2,655	2,497	2,470	2,260	2,246	2,088	2,100
Total Impaired Loans - Carrying value	1,064	982	911	933	908	947	821	887
Total Customer Loans - Face value	50,977	50,691	50,382	50,216	49,166	48,586	47,953	47,454
Total Customer Loans - Carrying value	48,891	48,654	48,435	48,268	47,417	46,913	46,273	45,846
Coverage Ratio - Specific only	61.9%	63.0%	63.5%	62.2%	59.8%	57.8%	60.7%	57.8%
Coverage Ratio - Overall Provisions Impaired Loans Ratio - Face value	74.7% 5.5%	76.7% 5.2%	77.9% 5.0%	78.8% 4.9%	77.4% 4.6%	74.5% 4.6%	80.4% 4.4%	76.6% 4.4%
Impaired Loans Ratio - Carrying value	2.2%	2.0%	1.9%	1.9%	1.9%	2.0%	1.8%	1.9%
CIB
Total Impaired Loans - Face value	4,663	4,171	4,505	4,301	4,151	3,862	3,516	3,737
Total Impaired Loans - Carrying value	2,627	2,229	2,562	2,009	1,933	1,803	1,738	1,953
Total Customer Loans - Face value	109,180	113,182	104,983	108,878	114,377	110,746	112,517	110,189
Total Customer Loans - Carrying value	106,917	110,920	102,739	106,305	111,878	108,422	110,459	108,154
Coverage Ratio - Specific only	43.7%	46.6%	43.1%	53.3%	53.4%	53.3%	50.6%	47.7%
Coverage Ratio - Overall Provisions	48.5%	54.2%	49.8%	59.8%	60.2%	60.2%	58.5%	54.5%
Impaired Loans Ratio - Face value	4.3%	3.7%	4.3%	3.9%	3.6%	3.5%	3.1%	3.4%
Impaired Loans Ratio - Carrying value	2.5%	2.0%	2.5%	1.9%	1.7%	1.7%	1.6%	1.8%
CEE
Total Impaired Loans - Face value	7,110	6,846	6,592	6,412	6,129	5,891	5,734	5,082
Total Impaired Loans - Carrying value	3,226	2,990	2,742	2,589	2,549	2,320	2,211	1,851
Total Customer Loans - Face value	62,260	63,444	64,055	64,490	65,127	64,177	64,263	63,970
Total Customer Loans - Carrying value	58,045	59,242	59,869	60,280	61,175	60,288	60,423	60,432
Coverage Ratio - Specific only	54.6%	56.3%	58.4%	59.6%	58.4%	60.6%	61.4%	63.6%
Coverage Ratio - Overall Provisions	59.3%	61.4%	63.5%	65.7%	64.5%	66.0%	67.0%	69.6%
Impaired Loans Ratio - Face value	11.4%	10.8%	10.3%	9.9%	9.4%	9.2%	8.9%	7.9%
Impaired Loans Ratio - Carrying value	5.6%	5.0%	4.6%	4.3%	4.2%	3.8%	3.7%	3.1%

Capital Position

GROUP CAPITAL STRUCTURE

Basel 3
(mln Euro)	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017	q/q	Change % y/y
Common Equity Tier I Transitional	40,644	41,955	42,980	31,537	45,132	45,616	48,795	48,880	+0.2%	+55.0%
Tier I Capital Transitional	44,050	45,134	46,152	35,005	48,740	50,462	53,640	54,703	+2.0%	+56.3%
Total Capital Transitional	54,381	55,960	56,667	45,150	58,574	60,848	63,682	64,454	+1.2%	+42.8%
Total RWA Transitional	394,359	399,260	390,901	387,136	385,261	352,669	350,024	356,100	+1.7%	-8.0%
Credit Risk	336,969	337,609	333,133	331,181	331,250	301,095	298,414	307,517	+3.1%	-7.1%
Market Risk	16,696	22,127	18,207	17,437	15,485	15,009	14,189	16,056	+13.2%	-7.9%
Operational Risk	40,694	39,524	39,562	38,518	38,527	36,565	37,421	32,528	-13.1%	-15.6%
Hybrids included in Tier I Capital	3,468	3,298	3,237	3,732	3,676	4,913	4,912	5,902	+20.1%	+58.1%
CAPITAL RATIOS										Delta
%	Q1 (*) 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017	q/q	y/y
Common Equity Tier I Ratio Transitional	10.31%	10.51%	11.00%	8.15%	11.71%	12.93%	13.94%	13.73%	-21bp	558bp
Tier I Ratio Transitional	11.17%	11.30%	11.81%	9.04%	12.65%	14.31%	15.32%	15.36%	4bp	632bp
Total Capital Ratio Transitional	13.79%	14.02%	14.50%	11.66%	15.20%	17.25%	18.19%	18.10%	-9bp	644bp
Hybrids as % of Tier I capital	7.87%	7.31%	7.01%	10.66%	7.54%	9.74%	9.16%	10.79%	163bp	13bp

Note: Capital position as per regulatory purposes.

(*) March 2016 CET1 ratio, Tier 1 ratio and Total Capital ratio pro-forma including unaudited 1Q Net profit net of dividend accrual and 2015 Scrip dividend at 10.50%, 11.36% and 13.98% respectively.

Commercial Bank - Italy
INCOME STATEMENT
(mln Euro)	FY 2017	2016	y/y %	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	3,674	3,851	-4.6%	1,000	999	976	875	922	923	907	921
Dividends and other income from equity investments	80	95	-16.0%	21	22	26	26	20	21	17	22
Net fees and commissions	3,716	3,482	+6.7%	930	910	832	810	947	971	861	937
Net trading income	42	57	-26.9%	-2	61	11	-13	-6	30	4	14
Net other expenses/income	-96	-52	+86.2%	-17	-3	-10	-21	-26	-19	-31	-20
OPERATING INCOME	7,415	7,434	-0.2%	1,931	1,990	1,835	1,678	1,856	1,927	1,759	1,873
Payroll costs	-2,528	-2,635	-4.1%	-676	-671	-652	-636	-640	-634	-626	-627
Other administrative expenses	-2,270	-2,311	-1.8%	-586	-569	-584	-572	-568	-552	-582	-568
Recovery of expenses	431	438	-1.5%	109	104	115	110	103	83	121	123
Amortisation & depreciation	-72	-65	+10.5%	-15	-16	-17	-17	-14	-19	-20	-20
Operating costs	-4,438	-4,573	-3.0%	-1,168	-1,152	-1,139	-1,115	-1,118	-1,121	-1,108	-1,091
OPERATING PROFIT	2,977	2,860	+4.1%	763	838	696	563	738	805	651	782
Net write-downs of loans	-945	-2,003	-52.8%	-228	-243	-240	-1,292	-241	-227	-210	-266
NET OPERATING PROFIT	2,032	857	+137.0%	535	595	456	-729	497	578	441	516
Other Charges & Provisions	-264	-395	-33.2%	-51	-117	-126	-102	-49	-89	-87	-39
o/w Systemic Charges	-103	-91	+13.8%	-30	3	-73	9	-34	-1	-68	-1
Integration costs	21	-971	-102.2%	-33	-47	-1	-890	-2	-1	-1	24
Net income from investments	-11	-44	-74.4%	-1	-5	-2	-36	-1	-3	-5	-2
PROFIT BEFORE TAX	1,778	-553	n.m.	451	427	326	-1,757	445	485	348	499
CONSOLIDATED PROFIT	1,231	-603	n.m.	309	291	226	-1,429	312	323	246	350
INCOME STATEMENT RATIOS
Cost income ratio	59.9%	61.5%	-1.7 pp	60.5%	57.9%	62.1%	66.4%	60.2%	58.2%	63.0%	58.2%
Cost of Risk (LLP annualized on Avg Loans) in basis points	69	147	-78	68	71	70	380	71	66	61	77
VOLUMES
Customers Loans (excl. Repos and IC)	138,435	134,906	+2.6%	135,620	138,282	136,991	134,906	135,597	138,209	137,146	138,435
Customer Depos (excl. Repos and IC)	141,982	134,495	+5.6%	125,440	126,683	128,391	134,495	132,662	134,830	137,745	141,982
Total RWA	85,516	79,043	+8.2%	79,040	79,488	78,826	79,043	78,747	81,405	81,496	85,516
OTHER FIGURES
FTEs (100%)	32,372	35,222	-8.1%	36,294	36,355	35,559	35,222	34,602	34,270	33,531	32,372
Roac at 12.5% CET1 ratio target*	11.9%	-6.0%	n.m.	11.7%	11.2%	8.3%	-70.6%	12.6%	12.8%	9.7%	12.5%

Commercial Bank - Germany
INCOME STATEMENT		FY	y/y	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2017	2016	%	2016	2016	2016	2016	2017	2017	2017	2017
Net interest	1,656	1,489	+11.2%	397	371	374	347	395	478	390	393
Dividends and other income from equity investments	4	49	-90.9%	41	3	1	5	0	0	0	4
Net fees and commissions	777	726	+7.0%	187	179	180	181	233	187	178	178
Net trading income	139	80	+74.2%	-13	19	16	58	32	27	58	22
Net other expenses/income	149	127	+17.3%	41	33	27	26	41	38	33	38
OPERATING INCOME	2,726	2,472	+10.3%	653	606	597	616	701	731	660	635
Payroll costs	-1,029	-1,045	-1.5%	-273	-268	-264	-240	-267	-259	-258	-245
Other administrative expenses	-769	-819	-6.1%	-196	-202	-197	-225	-200	-193	-186	-190
Recovery of expenses	4	3	+28.7%	0	0	1	1	2	0	0	2
Amortisation & depreciation	-40	-42	-6.0%	-11	-11	-15	-5	-10	-10	-10	-10
Operating costs	-1,835	-1,903	-3.6%	-480	-480	-474	-469	-475	-462	-454	-444
OPERATING PROFIT	891	568	+56.9%	173	126	122	147	225	268	206	191
Net write-downs of loans	-108	44	n.m.	22	7	-21	36	-20	-32	0	-56
NET OPERATING PROFIT	783	612	+27.9%	195	132	101	183	205	236	206	136
Other Charges & Provisions	-101	-140	-27.9%	-38	-12	4	-93	-36	-35	-4	-27
o/w Systemic Charges	-67	-53	+27.7%	-37	-14	-9	7	-34	-12	-6	-16
Integration costs	-7	-301	-97.7%	0	0	0	-301	-2	0	0	-5
Net income from investments	-19	18	n.m.	2	19	1	-3	2	-1	0	-21
PROFIT BEFORE TAX	656	189	n.m.	158	138	106	-214	170	201	202	84
CONSOLIDATED PROFIT	639	120	n.m.	108	93	68	-149	112	238	156	133
INCOME STATEMENT RATIOS Cost income ratio	67.3%	77.0%	-9.7 pp	73.5%	79.3%	79.5%	76.1%	67.8%	63.3%	68.8%	69.9%
Cost of Risk (LLP annualized on Avg Loans) in basis points	13	-5	19	-11	-3	10	-18	10	16	0	27
VOLUMES
Customers Loans (excl. Repos and IC)	80,927	80,519	+0.5%	78,744	79,818	80,060	80,519	81,732	82,412	81,499	80,927
Customer Depos (excl. Repos and IC)	91,582	86,043	+6.4%	81,462	85,079	86,834	86,043	83,244	83,822	86,304	91,582
Total RWA	34,023	35,970	-5.4%	34,322	34,931	34,603	35,970	35,728	34,686	34,974	34,023
OTHER FIGURES
FTEs (100%)	10,091	10,910	-7.5%	11,165	10,991	11,030	10,910	10,770	10,346	10,296	10,091
Roac at 12.5% CET1 ratio target*	13.6%	1.4%	12.2 pp	8.2%	6.9%	4.7%	-13.6%	9.2%	20.8%	13.4%	10.9%

Commercial Bank - Austria
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	691	771	-10.5%	200	195	208	170	171	173	180	166
Dividends and other income from equity investments	146	126	+16.4%	25	35	36	29	30	38	40	38
Net fees and commissions	623	595	+4.8%	147	146	146	156	154	154	151	164
Net trading income	38	129	-70.6%	2	68	12	46	5	9	6	17
Net other expenses/income	52	18	+186.4%	7	2	9	0	5	28	7	13
OPERATING INCOME	1,550	1,639	-5.4%	381	446	412	401	366	402	385	397
Payroll costs	-581	-644	-9.7%	-163	-167	-151	-163	-151	-152	-137	-142
Other administrative expenses	-489	-577	-15.3%	-144	-147	-139	-148	-129	-117	-120	-123
Recovery of expenses	0	0	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-15	-15	-0.2%	-6	-6	-6	2	-3	-4	-4	-5
Operating costs	-1,085	-1,236	-12.2%	-313	-319	-295	-309	-284	-272	-261	-269
OPERATING PROFIT	465	403	+15.4%	68	126	117	92	82	130	124	128
Net write-downs of loans	32	-32	n.m.	-4	10	21	-60	52	30	-14	-35
NET OPERATING PROFIT	497	371	+34.0%	64	137	138	32	134	160	110	93
Other Charges & Provisions	-84	-272	-69.2%	-70	-26	-35	-141	-89	9	4	-8
o/w Systemic Charges	-91	-146	-37.9%	-69	-26	-25	-26	-88	-4	5	-4
Integration costs	0	-361	-99.9%	-204	0	-4	-153	0	0	0	0
Net income from investments	14	-72	-119.7%	5	1	2	-81	6	1	0	7
PROFIT BEFORE TAX	427	-334	n.m.	-205	111	101	-342	52	170	114	91
CONSOLIDATED PROFIT	557	-384	n.m.	-206	89	98	-364	68	205	188	96
INCOME STATEMENT RATIOS
Cost income ratio	70.0%	75.4%	-5.4 pp	82.2%	71.6%	71.6%	77.0%	77.6%	67.6%	67.7%	67.7%
Cost of Risk (LLP annualized on Avg Loans) in basis points	-7	7	-13	3	-9	-17	49	-44	-25	12	31
VOLUMES
Customers Loans (excl. Repos and IC)	44,336	44,984	-1.4%	44,708	44,383	44,512	44,984	44,960	44,626	44,547	44,336
Customer Depos (excl. Repos and IC)	46,272	47,096	-1.7%	47,251	47,060	47,322	47,096	46,711	46,375	46,687	46,272
Total RWA	20,939	23,675	-11.6%	24,735	23,685	23,536	23,675	22,423	21,960	21,581	20,939
OTHER FIGURES
FTEs (100%)	4,966	5,486	-9.5%	5,654	5,561	5,535	5,486	5,317	5,246	5,199	4,966
Roac at 12.5% CET1 ratio target*	19.6%	-13.6%	n.m.	-27.4%	11.0%	12.3%	-50.9%	9.0%	28.2%	26.7%	14.4%

				CIB
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	2,092	2,297	-8.9%	583	619	553	543	530	548	497	516
Dividends and other income from equity investments	19	55	-66.2%	45	4	7	-1	1	11	4	3
Net fees and commissions	632	620	+2.0%	160	173	161	125	144	176	143	169
Net trading income	1,243	1,234	+0.7%	263	331	366	274	456	281	251	255
Net other expenses/income	81	27	+195.4%	23	4	-26	27	24	10	-5	52
OPERATING INCOME	4,066	4,233	-3.9%	1,074	1,131	1,061	968	1,155	1,026	890	995
Payroll costs	-638	-649	-1.7%	-159	-166	-166	-158	-159	-160	-156	-162
Other administrative expenses	-988	-1,081	-8.6%	-265	-273	-269	-274	-271	-252	-241	-225
Recovery of expenses	2	3	-41.5%	0	0	0	2	0	0	1	1
Amortisation & depreciation	-3	-3	-9.5%	-1	-1	-1	-1	-1	-1	-1	-1
Operating costs	-1,627	-1,730	-5.9%	-425	-439	-436	-430	-431	-412	-397	-387
OPERATING PROFIT	2,440	2,504	-2.6%	649	691	626	538	724	614	493	609
Net write-downs of loans	-246	-566	-56.5%	-62	-67	-29	-408	-72	3	-55	-121
NET OPERATING PROFIT	2,193	1,938	+13.2%	587	624	597	130	652	617	438	487
Other Charges & Provisions	-141	-389	-63.8%	-100	-20	-18	-251	-98	-7	-6	-29
o/w Systemic Charges	-119	-118	+1.0%	-93	-12	-11	-3	-101	-9	-3	-6
Integration costs	-3	-114	-97.4%	-2	-10	1	-103	-1	0	-2	0
Net income from investments	-65	-97	-33.0%	-41	-16	-8	-32	-29	-7	-2	-27
PROFIT BEFORE TAX	1,985	1,338	+48.4%	444	578	572	-256	524	603	427	431
CONSOLIDATED PROFIT	1,422	1,175	+20.9%	300	380	379	117	352	400	299	371
INCOME STATEMENT RATIOS
Cost income ratio	40.0%	40.9%	-0.8 pp	39.6%	38.9%	41.1%	44.4%	37.3%	40.2%	44.6%	38.9%
Cost of Risk (LLP annualized on Avg Loans) in basis points	22	53	-31	24	25	11	156	27	-1	20	44
VOLUMES
Customers Loans (excl. Repos and IC)	79,234	75,611	+4.8%	68,604	73,726	72,685	75,611	75,423	75,744	78,356	79,234
Customer Depos (excl. Repos and IC)	47,932	46,331	+3.5%	46,555	44,307	45,240	46,331	45,772	47,410	44,237	47,932
Total RWA	75,557	75,143	+0.6%	73,205	80,072	74,626	75,143	72,466	70,951	71,470	75,557
OTHER FIGURES
FTEs (100%)	3,316	3,480	-4.7%	3,605	3,551	3,535	3,480	3,447	3,447	3,371	3,316
Roac at 12.5% CET1 ratio target*	15.3%	12.1%	3.2 pp	12.9%	15.5%	15.1%	4.8%	14.8%	17.4%	13.1%	15.8%

	CIB Division - Additional Disclosure (managerial figures)
(mln Euro)	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
TOTAL REVENUES CIB	1,074	1,131	1,061	968	1,155	1,026	890	995
Financing & Advisory (F&A)	391	375	327	326	375	379	406	386
Financing & Advisory (F&A) Italy	156	116	116	129	125	142	171	145
Financing & Advisory (F&A) Germany	200	221	172	161	213	187	193	193
Financing & Advisory (F&A) Austria	36	40	41	39	39	51	44	50
Markets	583	653	620	518	669	539	376	494
Global Transaction Business (GTB)	100	107	112	125	113	108	110	115
CIB Other	8	3	4	4	5	6	5	6
TOTAL COSTS CIB	-425	-439	-436	-430	-431	-412	-397	-387
Financing & Advisory (F&A)	-134	-142	-133	-135	-137	-132	-132	-129
Financing & Advisory (F&A) Italy	-26	-29	-27	-31	-30	-28	-32	-32
Financing & Advisory (F&A) Germany	-93	-92	-91	-89	-93	-85	-87	-82
Financing & Advisory (F&A) Austria	-17	-22	-16	-20	-17	-21	-15	-18
Markets	-229	-230	-235	-227	-228	-218	-207	-194
Global Transaction Business (GTB)	-53	-58	-52	-55	-55	-51	-53	-51
CIB Other	-2	-2	-2	-2	-2	-2	-3	-4
TOTAL LOAN LOSS PROVISIONS CIB	-62	-67	-29	-408	-72	3	-55	-121
Financing & Advisory (F&A)	-73	-113	-55	-352	-79	6	-60	-82
Financing & Advisory (F&A) Italy	-2	-2	-12	-223	-45	12	-57	-65
Financing & Advisory (F&A) Germany	-68	-144	-41	-137	-32	-22	-9	22
Financing & Advisory (F&A) Austria	-2	33	-2	7	-2	16	6	-40
Markets	9	48	20	-55	7	-3	5	-12
Global Transaction Business (GTB)	2	-2	6	0	0	0	0	-27
CIB Other	0	0	0	0	0	0	0	0
TOTAL NET OPERATING PROFIT CIB	587	624	597	130	652	617	438	487
Financing & Advisory (F&A)	183	119	139	-162	158	253	214	174
Financing & Advisory (F&A) Italy	127	85	76	-125	51	126	82	48
Financing & Advisory (F&A) Germany	39	-16	39	-65	88	80	96	133
Financing & Advisory (F&A) Austria	17	50	23	27	20	47	35	-7
Markets	363	471	405	235	447	317	174	287
Global Transaction Business (GTB)	50	47	66	70	58	57	57	37
CIB Other	6	1	1	2	3	4	1	2
RWA CIB	73,205	80,072	74,626	75,143	72,466	70,951	71,470	75,557
Financing & Advisory (F&A)	37,311	37,514	37,471	37,926	36,791	36,936	37,808	38,329
Financing & Advisory (F&A) Italy	13,661	14,115	14,938	15,282	15,223	15,003	15,324	15,937
Financing & Advisory (F&A) Germany	18,757	18,506	17,991	17,994	16,891	16,874	17,159	16,498
Financing & Advisory (F&A) Austria	4,894	4,893	4,542	4,650	4,677	5,058	5,326	5,894
Markets	29,827	36,182	30,391	29,457	27,379	27,080	26,378	28,897
Global Transaction Business (GTB)	5,527	5,884	6,300	7,571	7,537	6,339	6,795	7,674
CIB Other	540	492	464	189	760	596	489	657

				Fineco
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	264	249	+6.1%	62	61	62	63	63	64	67	70
Dividends and other income from equity investments	0	0	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	270	243	+11.2%	58	60	59	66	65	65	70	71
Net trading income	48	69	-30.2%	20	27	11	11	14	12	11	11
Net other expenses/income	4	-2	n.m.	0	1	-1	-2	1	-1	0	4
OPERATING INCOME	586	558	+4.9%	140	149	132	138	142	141	148	156
Payroll costs	-79	-74	+7.6%	-19	-19	-19	-17	-19	-20	-20	-21
Other administrative expenses	-237	-228	+3.9%	-61	-57	-53	-57	-62	-61	-53	-60
Recovery of expenses	93	85	+9.3%	21	21	22	21	23	23	22	25
Amortisation & depreciation	-10	-10	+4.3%	-2	-2	-3	-3	-2	-3	-3	-3
Operating costs	-233	-226	+3.0%	-60	-58	-53	-55	-61	-60	-54	-59
OPERATING PROFIT	353	332	+6.2%	80	91	78	83	81	80	94	97
Net write-downs of loans	-5	-4	+22.7%	-1	-1	-1	-1	-1	-1	-2	-2
NET OPERATING PROFIT	347	328	+6.0%	78	90	77	82	80	79	93	95
Other Charges & Provisions	-19	-10	+90.6%	-1	-1	-11	4	-2	-1	-21	5
o/w Systemic Charges	-11	-9	+14.9%	0	1	-11	1	0	0	-20	9
Integration costs	0	-6	-107.4%	0	0	0	-5	0	0	0	0
Net income from investments	-13	-7	+99.3%	0	0	0	-7	0	0	-1	-12
PROFIT BEFORE TAX	315	305	+3.2%	77	89	66	74	78	78	70	89
CONSOLIDATED PROFIT	76	75	+1.1%	18	24	16	17	18	19	16	22
INCOME STATEMENT RATIOS
Cost income ratio	39.8%	40.6%	-0.7 pp	43.0%	38.7%	40.6%	40.0%	42.9%	43.0%	36.2%	37.7%
Cost of Risk (LLP annualized on Avg Loans) in basis points	35	46	-11	66	64	31	27	20	30	38	43
VOLUMES
Customers Loans (excl. Repos and IC)	1,927	910	+111.6%	701	781	815	910	1,015	1,303	1,528	1,927
Customer Depos (excl. Repos and IC)	20,059	18,570	+8.0%	16,513	16,981	17,029	18,570	18,707	19,281	19,797	20,059
Total RWA	2,332	1,890	+23.4%	1,838	1,805	1,778	1,890	1,937	2,063	2,184	2,332
OTHER FIGURES
FTEs (100%)	1,082	1,052	+2.9%	1,021	1,025	1,033	1,052	1,044	1,067	1,069	1,082
Roac at 12.5% CET1 ratio target*	62.7%	79.4%	-16.8 pp	84.9%	106.1%	70.8%	61.3%	59.8%	70.9%	54.5%	66.3%

				GCC
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	-641	-671	-4.5%	-182	-150	-175	-163	-146	-175	-177	-143
Dividends and other income from equity investments	55	124	-56.1%	5	78	13	29	23	20	12	0
Net fees and commissions	-86	-153	-43.6%	-39	-60	-45	-9	-34	-21	-16	-14
Net trading income	-72	99	-172.9%	-19	169	-16	-36	-21	-9	-23	-19
Net other expenses/income	-17	-33	-47.7%	16	3	32	-84	-16	9	-2	-8
OPERATING INCOME	-761	-633	+20.2%	-220	40	-191	-263	-194	-176	-207	-185
Payroll costs	-1,267	-1,317	-3.8%	-352	-355	-344	-266	-322	-325	-310	-309
Other administrative expenses	1,234	1,009	+22.2%	357	352	355	-54	334	313	310	277
Recovery of expenses	113	120	-5.2%	28	26	26	40	31	25	25	32
Amortisation & depreciation	-543	-940	-42.3%	-153	-155	-158	-473	-135	-133	-135	-139
Operating costs	-462	-1,128	-59.0%	-121	-132	-122	-753	-92	-121	-110	-139
OPERATING PROFIT	-1,224	-1,761	-30.5%	-340	-92	-313	-1,016	-286	-296	-317	-324
Net write-downs of loans	-37	-5	n.m.	-6	-1	-11	12	-3	-1	-18	-16
NET OPERATING PROFIT	-1,261	-1,767	-28.6%	-346	-93	-324	-1,004	-288	-297	-335	-340
Other Charges & Provisions	-161	-641	-74.9%	-19	-258	-38	-326	-35	10	-64	-72
o/w Systemic Charges	-12	-476	-97.5%	-19	-183	-29	-246	-30	18	-45	45
Integration costs	-130	-349	-62.7%	-10	-19	-18	-302	2	1	-26	-108
Net income from investments	-208	-689	-69.8%	13	8	0	-711	42	-168	8	-89
PROFIT BEFORE TAX	-1,760	-3,447	-48.9%	-363	-362	-380	-2,342	-280	-454	-418	-609
CONSOLIDATED PROFIT	737	-4,199	-117.5%	-147	-102	-331	-3,620	-81	-518	1,709	-374
INCOME STATEMENT RATIOS
Cost income ratio	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.
Cost of Risk (LLP annualized on Avg Loans) in basis points	-87	-8	-79	-30	-5	-69	79	-18	-9	-190	-207
VOLUMES
Customers Loans (excl. Repos and IC)	2,650	2,041	+29.8%	1,817	1,877	2,052	2,041	1,844	2,195	2,606	2,650
Customer Depos (excl. Repos and IC)	2,513	3,300	-23.8%	3,192	2,702	2,719	3,300	2,630	2,514	2,351	2,513
Total RWA	30,024	53,816	-44.2%	59,664	57,650	57,860	53,816	57,633	31,472	29,905	30,024
OTHER FIGURES
FTEs (100%)	15,573	17,324	-10.1%	17,544	17,529	17,466	17,324	16,524	16,158	15,970	15,573
o/w COO FTEs	13,009	14,562	-10.7%	14,605	14,603	14,561	14,562	13,828	13,511	13,357	13,009

				CEE Division
INCOME STATEMENT
		FY	y/y	y/y %	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2017	2016	%	at const. FX	2016	2016	2016	2016	2017	2017	2017	2017
Net interest	2,600	2,491	+4.4%	+1.3%	596	615	640	639	647	641	645	666
Dividends and other income from equity investments	334	394	-15.3%	+2.0%	75	153	106	61	95	94	91	54
Net fees and commissions	849	804	+5.5%	+3.3%	191	206	210	198	211	221	217	199
Net trading income	356	417	-14.5%	-16.5%	67	182	76	91	106	110	75	65
Net other expenses/income	49	60	-17.4%	-18.0%	12	13	25	10	11	7	11	20
OPERATING INCOME	4,188	4,166	+0.5%	-0.3%	942	1,169	1,057	998	1,070	1,074	1,040	1,004
Payroll costs	-741	-713	+3.8%	+1.2%	-175	-181	-183	-175	-185	-184	-186	-185
Other administrative expenses	-678	-662	+2.4%	+0.3%	-162	-172	-172	-157	-170	-171	-161	-175
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	2	-2	0	0
Amortisation & depreciation	-125	-121	+3.2%	-0.2%	-25	-27	-29	-39	-28	-30	-29	-37
Operating costs	-1,544	-1,496	+3.2%	+0.7%	-362	-380	-383	-371	-382	-388	-376	-398
OPERATING PROFIT	2,644	2,669	-0.9%	-0.9%	580	789	674	627	688	686	663	607
Net write-downs of loans	-574	-793	-27.7%	-29.8%	-139	-187	-151	-316	-185	-81	-161	-147
NET OPERATING PROFIT	2,071	1,877	+10.3%	+11.0%	441	601	522	312	503	605	503	460
Other Charges & Provisions	-179	-145	+24.1%	+22.4%	-74	-29	-15	-27	-129	-13	-15	-23
o/w Systemic Charges	-163	-133	+22.4%	+20.3%	-86	-22	-14	-11	-126	-12	-12	-13
Integration costs	-28	-14	+106.5%	+102.5%	-2	-4	-4	-4	-2	-8	-2	-16
Net income from investments	4	-9	-146.2%	n.m.	7	0	0	-16	3	6	-4	-1
PROFIT BEFORE TAX	1,867	1,710	+9.2%	+10.1%	372	569	503	265	376	590	482	420
CONSOLIDATED PROFIT	1,591	1,409	+12.9%	+15.4%	315	458	437	198	330	495	413	352
INCOME STATEMENT RATIOS
Cost income ratio	36.9%	35.9%	0.9 pp		38.4%	32.5%	36.2%	37.2%	35.7%	36.1%	36.2%	39.6%
Cost of Risk (LLP annualized on Avg Loans) in basis points	95	134	-40		96	128	102	210	122	53	106	97
VOLUMES
Customers Loans (excl. Repos and IC)	60,042	59,935	+0.2%		57,721	58,919	59,541	59,935	60,458	59,774	59,791	60,042
Customer Depos (excl. Repos and IC)	62,406	59,175	+5.5%		57,874	56,524	57,522	59,175	60,929	59,677	60,433	62,406
Total RWA	85,996	91,403	-5.9%		92,452	94,277	93,421	91,403	91,098	87,390	86,700	85,996
OTHER FIGURES
FTEs (100%)	24,089	24,302	-0.9%		24,179	24,267	24,490	24,302	24,208	24,254	24,134	24,089
Roac at 12.5% CET1 ratio target*	14.0%	11.8%	2.1 pp		10.5%	15.4%	14.6%	6.7%	11.3%	17.4%	14.7%	12.5%

				CEE - Turkey
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	y/y % at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	881	981	-10.3%	+10.1%	219	246	268	250	218	217	211	234
Dividends and other income from equity investments	11	11	-3.3%	-2.1%	2	2	3	4	3	2	2	3
Net fees and commissions	269	293	-8.3%	+12.7%	71	87	71	64	73	70	64	62
Net trading income	-9	39	-123.5%	n.m.	4	51	2	-18	2	10	-5	-16
Net other expenses/income	6	10	-33.4%	-17.9%	1	1	3	4	1	1	2	2
OPERATING INCOME	1,157	1,335	-13.3%	+6.3%	297	387	347	304	298	300	275	285
Payroll costs	-261	-287	-9.2%	+11.5%	-72	-75	-68	-72	-63	-69	-61	-68
Other administrative expenses	-177	-219	-19.2%	-0.8%	-49	-53	-64	-53	-43	-46	-43	-45
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-31	-37	-16.1%	+3.0%	-9	-9	-10	-9	-8	-8	-8	-8
Operating costs	-469	-543	-13.7%	+6.0%	-130	-137	-141	-135	-114	-122	-111	-121
OPERATING PROFIT	689	792	-13.0%	+6.5%	168	250	205	169	183	179	164	163
Net write-downs of loans	-226	-289	-21.9%	-3.7%	-56	-63	-65	-105	-56	-59	-49	-61
NET OPERATING PROFIT	463	503	-7.8%	+12.3%	112	186	140	64	127	119	114	102
Other Charges & Provisions	-75	-36	+107.8%	+155.9%	-21	-9	-15	7	-15	-11	-7	-42
o/w Systemic Charges	-21	-21	-3.5%	+18.4%	-5	-5	-6	-5	-5	-5	-5	-5
Integration costs	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net income from investments	0	4	-91.5%	-89.5%	1	1	1	0	1	-1	0	0
PROFIT BEFORE TAX	388	470	-17.4%	+0.5%	93	179	127	72	113	107	107	61
CONSOLIDATED PROFIT	311	378	-17.7%	-0.0%	72	147	102	58	91	86	85	49
INCOME STATEMENT RATIOS
Cost income ratio	40.5%	40.7%	-0.2 pp		43.6%	35.5%	40.8%	44.4%	38.4%	40.5%	40.4%	42.6%
Cost of Risk (LLP annualized on Avg Loans) in basis points	112	136	-25		106	118	121	201	108	116	98	125
VOLUMES
Customers Loans (excl. Repos and IC)	19,354	20,852	-7.2%		20,956	21,880	21,033	20,852	20,661	20,280	19,878	19,354
Customer Depos (excl. Repos and IC)	14,751	16,350	-9.8%		16,643	16,999	16,404	16,350	16,466	15,979	15,423	14,751
Total RWA	26,813	29,092	-7.8%		28,461	29,596	28,706	29,092	28,659	27,881	26,817	26,813

N.B. Managerial data for illustrative purposes only. At Group level and within CEE Division, Turkey contributes with the net profit attributable to UCG only to the line "Dividends and equity investments income".

				CEE - Russia
INCOME STATEMENT
	2017	FY 2016	y/y	y/y % at const. FX	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)			%		2016	2016	2016	2016	2017	2017	2017	2017
Net interest	626	608	+2.9%	-8.5%	131	144	161	172	173	144	148	160
Dividends and other income from equity investments	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	106	81	+31.8%	+17.2%	16	21	23	21	26	28	26	27
Net trading income	42	26	+63.4%	+45.3%	8	24	0	-7	12	19	16	-5
Net other expenses/income	-1	-3	-76.6%	-79.1%	0	0	-2	-1	-1	2	0	-1
OPERATING INCOME	773	712	+8.7%	-3.4%	155	189	182	185	209	193	191	180
Payroll costs	-136	-119	+13.9%	+1.3%	-26	-29	-30	-34	-36	-35	-32	-33
Other administrative expenses	-87	-78	+12.0%	-0.4%	-16	-18	-20	-23	-21	-23	-21	-22
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-34	-28	+20.9%	+7.5%	-5	-7	-6	-9	-7	-8	-8	-11
Operating costs	-256	-225	+14.1%	+1.5%	-47	-55	-57	-66	-63	-66	-61	-66
OPERATING PROFIT	517	487	+6.1%	-5.6%	108	134	126	119	146	127	129	115
Net write-downs of loans	-160	-236	-32.3%	-39.8%	-49	-52	-55	-80	-28	-36	-42	-54
NET OPERATING PROFIT	357	251	+42.2%	+26.5%	60	82	70	40	118	91	87	61
Other Charges & Provisions	-14	-16	-15.1%	-24.5%	-4	-3	-5	-3	-3	-3	-4	-4
o/w Systemic Charges	-14	-11	+32.1%	+17.5%	-2	-2	-3	-3	-3	-3	-4	-4
Integration costs	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net income from investments	-1	-3	-79.8%	-82.0%	0	0	0	-3	0	0	0	-1
PROFIT BEFORE TAX	343	232	+47.7%	+31.4%	55	79	65	33	116	88	83	56
CONSOLIDATED PROFIT	272	182	+49.4%	+32.9%	45	63	50	25	92	69	66	45
INCOME STATEMENT RATIOS
Cost income ratio	33.2%	31.6%	1.6 pp		30.2%	29.0%	31.2%	35.7%	30.3%	34.1%	32.3%	36.3%
Cost of Risk (LLP annualized on Avg Loans) in basis points	161	223	-62		181	196	211	305	105	145	176	223
VOLUMES
Customers Loans (excl. Repos and IC)	9,316	10,343	-9.9%		10,496	10,583	10,245	10,343	10,265	9,292	9,413	9,316
Customer Depos (excl. Repos and IC)	11,911	12,107	-1.6%		13,958	12,098	11,799	12,107	13,617	12,527	11,206	11,911
Total RWA	13,336	14,191	-6.0%		14,688	13,851	13,928	14,191	14,413	12,807	12,831	13,336
OTHER FIGURES
FTEs (100%)	4,109	4,149	-1.0%		3,963	3,957	4,183	4,149	4,100	4,083	4,137	4,109
Roac at 12.5% CET1 ratio target*	15.7%	10.2%	5.5 pp		9.4%	14.3%	11.5%	5.7%	20.5%	15.7%	16.4%	9.8%

				CEE - Czech Republic & Slovakia
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	y/y % at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	426	375	+13.5%	+10.7%	93	95	94	93	95	106	105	119
Dividends and other income from equity investments	2	2	-0.3%	-0.4%	1	0	1	1	1	1	1	1
Net fees and commissions	132	141	-6.9%	-9.3%	34	37	34	37	36	35	36	24
Net trading income	112	118	-4.8%	-7.3%	17	51	17	32	32	40	15	24
Net other expenses/income	7	11	-34.3%	-35.2%	2	4	3	3	2	2	3	1
OPERATING INCOME	679	648	+4.9%	+2.2%	147	187	148	166	166	184	160	169
Payroll costs	-128	-126	+2.2%	-0.4%	-31	-31	-32	-32	-31	-29	-34	-34
Other administrative expenses	-126	-134	-5.5%	-8.0%	-33	-34	-33	-34	-30	-33	-30	-34
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-9	-8	+12.7%	+10.2%	-2	-2	-2	-2	-2	-2	-2	-2
Operating costs	-263	-267	-1.4%	-3.9%	-66	-66	-67	-67	-64	-64	-66	-70
OPERATING PROFIT	416	381	+9.2%	+6.5%	81	121	81	98	103	120	94	99
Net write-downs of loans	-14	-55	-75.4%	-76.0%	-6	-14	-7	-28	-5	17	-14	-12
NET OPERATING PROFIT	402	325	+23.6%	+20.5%	75	107	74	70	98	137	79	87
Other Charges & Provisions	-36	-38	-5.9%	-8.4%	-19	-5	-2	-13	-29	-2	-2	-3
o/w Systemic Charges	-36	-27	+31.9%	+28.4%	-19	-5	-2	-2	-29	-2	-2	-2
Integration costs	-20	-9	+132.9%	+126.8%	-1	-3	-3	-2	-2	-8	-2	-8
Net income from investments	1	6	-83.6%	-83.6%	7	0	0	0	1	0	0	0
PROFIT BEFORE TAX	347	285	+21.8%	+18.8%	62	100	69	55	69	126	75	76
CONSOLIDATED PROFIT	284	223	+27.3%	+24.1%	49	79	55	40	56	102	59	67
INCOME STATEMENT RATIOS
Cost income ratio	38.8%	41.2%	-2.4 pp		44.9%	35.5%	45.6%	40.6%	38.2%	34.7%	41.3%	41.4%
Cost of Risk (LLP annualized on Avg Loans) in basis points	9	40	-31		19	40	19	80	13	-45	37	31
VOLUMES
Customers Loans (excl. Repos and IC)	15,098	14,259	+5.9%		13,601	13,671	14,226	14,259	14,476	14,902	15,164	15,098
Customer Depos (excl. Repos and IC)	14,103	13,514	+4.4%		13,432	13,271	13,353	13,514	14,098	13,682	14,464	14,103
Total RWA	12,787	13,720	-6.8%		13,851	14,136	14,265	13,720	13,776	13,377	13,600	12,787
OTHER FIGURES
FTEs (100%)	3,186	3,339	-4.6%		3,346	3,334	3,321	3,339	3,331	3,337	3,234	3,186
Roac at 12.5% CET1 ratio target*	16.1%	12.5%	3.6 pp		11.4%	17.7%	12.0%	8.9%	12.5%	23.3%	13.2%	15.7%

				CEE - Hungary
INCOME STATEMENT		FY	y/y	y/y %	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2017	2016	%	at const. FX	2016	2016	2016	2016	2017	2017	2017	2017
Net interest	188	201	-6.5%	-7.1%	51	49	51	50	48	47	46	47
Dividends and other income from equity investments	1	1	+2.2%	+1.5%	0	1	0	0	0	1	0	0
Net fees and commissions	134	125	+7.3%	+6.6%	31	32	32	30	34	33	34	33
Net trading income	46	50	-9.4%	-10.1%	15	17	13	5	15	13	11	7
Net other expenses/income	21	39	-46.8%	-47.2%	6	4	22	7	4	2	3	11
OPERATING INCOME	390	416	-6.4%	-7.1%	104	103	117	92	101	96	95	97
Payroll costs	-60	-58	+4.8%	+4.1%	-14	-14	-14	-14	-14	-15	-15	-16
Other administrative expenses	-109	-101	+8.1%	+7.3%	-24	-25	-24	-27	-28	-25	-27	-29
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-4	-9	-56.7%	-57.0%	-1	-1	-3	-5	-1	-1	-1	-1
Operating costs	-173	-167	+3.5%	+2.8%	-39	-41	-41	-46	-43	-41	-42	-47
OPERATING PROFIT	216	249	-13.1%	-13.7%	64	63	76	46	58	55	53	51
Net write-downs of loans	-1	-21	-94.9%	-94.9%	-3	-5	0	-12	6	7	-5	-8
NET OPERATING PROFIT	215	228	-5.4%	-6.1%	61	57	76	34	64	61	47	43
Other Charges & Provisions	-34	-13	+167.1%	+165.2%	-15	2	2	-1	-30	-1	0	-3
o/w Systemic Charges	-28	-20	+42.3%	+41.3%	-22	2	0	0	-28	-1	0	0
Integration costs	1	-1	-161.1%	n.m.	0	0	0	-1	0	1	0	0
Net income from investments	1	0	n.m.	n.m.	0	0	0	0	0	0	0	1
PROFIT BEFORE TAX	183	214	-14.8%	-15.4%	45	59	78	32	34	60	48	41
CONSOLIDATED PROFIT	165	173	-4.8%	-5.4%	38	48	65	22	30	56	43	36
INCOME STATEMENT RATIOS
Cost income ratio	44.5%	40.2%	4.3 pp		38.1%	39.3%	35.1%	50.1%	42.5%	43.2%	44.5%	47.8%
Cost of Risk (LLP annualized on Avg Loans) in basis points	3	62	-59		40	61	5	137	-64	-70	57	82
VOLUMES
Customers Loans (excl. Repos and IC)	3,857	3,566	+8.2%		3,406	3,343	3,573	3,566	3,598	3,779	3,821	3,857
Customer Depos (excl. Repos and IC)	5,245	4,960	+5.7%		4,401	4,391	4,517	4,960	4,780	5,051	4,885	5,245
Total RWA	3,673	3,869	-5.1%		4,506	3,966	4,249	3,869	3,862	3,842	3,708	3,673
OTHER FIGURES
FTEs (100%)	1,756	1,728	+1.6%		1,714	1,718	1,723	1,728	1,738	1,737	1,747	1,756
Roac at 12.5% CET1 ratio target*	32.4%	31.3%	1.2 pp		26.2%	34.5%	48.9%	15.4%	22.6%	44.0%	34.3%	28.6%

				CEE - Slovenia
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	y/y % at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	46	45	+1.0%	+1.0%	12	11	12	10	13	12	12	9
Dividends and other income from equity investments	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	27	26	+5.2%	+5.2%	6	6	6	7	7	6	7	7
Net trading income	-1	9	-106.7%	n.m.	2	4	1	1	1	1	-2	-1
Net other expenses/income	1	2	-59.7%	-59.7%	0	1	0	0	0	0	0	1
OPERATING INCOME	73	82	-10.6%	-10.6%	20	23	20	19	22	20	16	16
Payroll costs	-26	-24	+8.5%	+8.5%	-6	-6	-6	-6	-6	-7	-6	-7
Other administrative expenses	-15	-14	+8.2%	+8.2%	-3	-4	-4	-3	-4	-4	-4	-4
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-6	-5	+14.2%	+14.2%	-1	-1	-1	-2	-1	-1	-1	-2
Operating costs	-47	-43	+9.1%	+9.1%	-11	-11	-11	-11	-11	-12	-12	-12
OPERATING PROFIT	26	39	-32.4%	-32.4%	9	12	9	9	11	8	5	3
Net write-downs of loans	21	-14	n.m.	n.m.	-3	-3	-2	-6	-4	-2	12	15
NET OPERATING PROFIT	47	25	+88.9%	+88.9%	7	9	7	2	7	6	16	19
Other Charges & Provisions	-3	-4	-19.4%	-19.4%	-2	0	1	-3	-2	0	0	-2
o/w Systemic Charges	-2	-2	-5.7%	-5.7%	-2	0	0	0	-2	0	0	0
Integration costs	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net income from investments	2	0	n.m.	n.m.	0	0	0	1	0	0	0	2
PROFIT BEFORE TAX	45	21	+116.9%	+116.9%	4	9	7	0	5	6	17	18
CONSOLIDATED PROFIT	38	18	+111.8%	+111.8%	4	7	6	2	4	5	14	15
INCOME STATEMENT RATIOS
Cost income ratio	64.1%	52.5%	11.6 pp		52.6%	49.3%	53.8%	55.0%	51.3%	60.6%	71.6%	78.0%
Cost of Risk (LLP annualized on Avg Loans) in basis points	-117	79	-196		65	60	53	140	87	47	-268	-338
VOLUMES
Customers Loans (excl. Repos and IC)	1,853	1,803	+2.8%		1,799	1,770	1,752	1,803	1,791	1,754	1,707	1,853
Customer Depos (excl. Repos and IC)	1,963	1,763	+11.3%		1,908	1,829	1,829	1,763	1,808	1,680	1,905	1,963
Total RWA	1,127	1,276	-11.7%		1,165	1,220	1,254	1,276	1,297	1,322	1,200	1,127
OTHER FIGURES
FTEs (100%)	534	518	+3.2%		549	541	528	518	517	521	531	534
Roac at 12.5% CET1 ratio target*	22.9%	10.8%	12.1 pp		9.5%	16.5%	14.3%	3.3%	8.7%	10.8%	34.9%	39.2%

				CEE - Croatia
INCOME STATEMENT		FY	y/y	y/y %
(mln Euro)	2017	2016	%	at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	384	378	+1.8%	+0.8%	91	96	97	94	95	100	95	94
Dividends and other income from equity investments	7	6	+9.8%	+9.6%	1	3	2	1	1	3	2	1
Net fees and commissions	146	137	+7.0%	+6.0%	30	34	39	33	35	38	40	34
Net trading income	10	40	-75.0%	-75.2%	-6	28	2	17	-2	0	3	9
Net other expenses/income	14	8	+74.1%	+72.5%	2	2	2	2	5	1	4	5
OPERATING INCOME	562	570	-1.3%	-2.2%	119	163	141	147	134	142	143	143
Payroll costs	-121	-118	+3.1%	+2.1%	-29	-29	-31	-29	-30	-30	-31	-30
Other administrative expenses	-77	-80	-3.3%	-4.2%	-18	-20	-20	-23	-19	-17	-19	-22
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-26	-24	+9.6%	+8.6%	-5	-5	-6	-7	-6	-6	-6	-7
Operating costs	-225	-221	+1.5%	+0.5%	-52	-55	-56	-58	-56	-54	-56	-59
OPERATING PROFIT	338	348	-3.1%	-4.0%	67	108	85	88	78	88	87	84
Net write-downs of loans	-141	-135	+4.4%	+3.4%	-18	-43	-27	-47	-97	-14	-8	-21
NET OPERATING PROFIT	197	214	-7.8%	-8.6%	49	65	59	41	-19	74	79	63
Other Charges & Provisions	-28	-28	-0.7%	-1.6%	-11	-9	-5	-3	-12	-5	-6	-4
o/w Systemic Charges	-24	-24	+0.9%	-0.0%	-11	-5	-5	-3	-12	-5	-4	-4
Integration costs	-5	0	n.m.	n.m.	0	0	0	0	0	0	0	-5
Net income from investments	-6	-9	-27.9%	-28.4%	0	1	-3	-7	2	5	-4	-9
PROFIT BEFORE TAX	157	177	-10.8%	-11.6%	37	58	51	31	-29	74	68	44
CONSOLIDATED PROFIT	105	111	-5.2%	-6.0%	25	39	35	12	-20	51	47	27
INCOME STATEMENT RATIOS
Cost income ratio	40.0%	38.9%	1.1 pp		43.9%	33.6%	39.6%	39.9%	41.6%	38.1%	39.1%	41.1%
Cost of Risk (LLP annualized on Avg Loans) in basis points	153	140	12		76	177	109	199	419	58	37	95
VOLUMES
Customers Loans (excl. Repos and IC)	8,862	9,071	-2.3%		9,394	9,683	9,569	9,071	9,153	9,256	9,099	8,862
Customer Depos (excl. Repos and IC)	11,031	10,761	+2.5%		9,875	10,237	10,654	10,761	10,510	10,511	11,032	11,031
Total RWA	7,499	7,559	-0.8%		7,737	7,848	7,765	7,559	7,592	7,694	7,761	7,499
OTHER FIGURES
FTEs (100%)	3,848	3,947	-2.5%		4,085	4,094	4,083	3,947	3,945	3,970	3,934	3,848
Roac at 12.5% CET1 ratio target*	10.3%	11.0%	-0.7 pp		9.8%	16.6%	14.1%	3.1%	-12.4%	22.8%	20.1%	10.3%

				CEE - Romania
INCOME STATEMENT		FY	y/y	y/y %
(mln Euro)	2017	2016	%	at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	228	207	+10.3%	+12.2%	51	51	52	53	51	54	57	66
Dividends and other income from equity investments	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	81	74	+8.8%	+10.7%	17	19	19	19	21	21	20	19
Net trading income	61	81	-24.4%	-23.1%	18	29	22	11	20	19	15	7
Net other expenses/income	1	2	-50.5%	-49.7%	1	1	0	1	0	0	0	1
OPERATING INCOME	371	364	+1.9%	+3.7%	87	99	93	85	92	94	92	93
Payroll costs	-82	-79	+3.8%	+5.6%	-19	-20	-21	-19	-20	-20	-20	-22
Other administrative expenses	-63	-63	+1.1%	+2.9%	-15	-16	-15	-17	-16	-16	-16	-15
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-19	-18	+5.1%	+6.9%	-5	-4	-4	-5	-5	-5	-5	-4
Operating costs	-165	-160	+2.9%	+4.7%	-39	-40	-40	-41	-41	-42	-41	-41
OPERATING PROFIT	207	204	+1.1%	+2.9%	48	60	53	44	51	52	51	52
Net write-downs of loans	-83	-100	-17.6%	-16.1%	-14	-23	-33	-30	-11	-21	-25	-25
NET OPERATING PROFIT	124	104	+19.1%	+21.2%	34	37	20	14	40	31	27	27
Other Charges & Provisions	-15	-8	+87.4%	+90.7%	-10	2	0	0	-15	0	0	0
o/w Systemic Charges	-15	-7	+116.9%	+120.7%	-10	4	0	0	-15	0	0	0
Integration costs	-3	-4	-39.1%	-38.0%	-1	-1	-1	-1	0	0	0	-3
Net income from investments	0	-1	-81.0%	-80.6%	0	-1	1	-1	0	0	0	-1
PROFIT BEFORE TAX	106	91	+17.0%	+19.0%	23	36	20	11	25	31	26	23
CONSOLIDATED PROFIT	88	74	+19.1%	+21.1%	18	30	17	9	21	26	22	18
INCOME STATEMENT RATIOS
Cost income ratio	44.3%	43.9%	0.4 pp		44.6%	40.1%	43.3%	48.3%	44.5%	44.3%	44.3%	44.2%
Cost of Risk (LLP annualized on Avg Loans) in basis points	150	199	-48		115	182	261	233	85	157	178	178
VOLUMES
Customers Loans (excl. Repos and IC)	5,733	5,218	+9.9%		4,957	5,045	5,142	5,218	5,367	5,467	5,655	5,733
Customer Depos (excl. Repos and IC)	5,788	4,806	+20.4%		3,988	4,186	4,348	4,806	4,719	4,949	5,078	5,788
Total RWA	5,603	5,491	+2.0%		5,623	5,739	5,822	5,491	5,569	5,464	5,612	5,603
OTHER FIGURES
FTEs (100%)	3,364	3,368	-0.1%		3,336	3,364	3,375	3,368	3,335	3,341	3,300	3,364
Roac at 12.5% CET1 ratio target*	12.6%	10.4%	2.1 pp		10.8%	16.5%	9.3%	5.0%	12.2%	15.2%	12.4%	10.5%

				CEE - Bulgaria
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	y/y % at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	303	297	+1.9%	+1.9%	74	73	74	76	75	76	77	75
Dividends and other income from equity investments	2	1	+132.9%	+132.9%	0	1	0	0	0	0	2	0
Net fees and commissions	118	108	+9.2%	+9.2%	26	27	28	28	28	30	29	30
Net trading income	49	57	-15.0%	-15.0%	11	24	13	10	13	10	12	14
Net other expenses/income	0	0	n.m.	n.m.	1	0	0	-1	1	0	1	-1
OPERATING INCOME	471	462	+1.8%	+1.8%	111	124	114	113	117	116	120	118
Payroll costs	-71	-67	+5.5%	+5.5%	-17	-17	-17	-16	-18	-18	-17	-18
Other administrative expenses	-53	-51	+3.4%	+3.4%	-12	-12	-13	-14	-13	-12	-13	-15
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-17	-17	-0.4%	-0.4%	-4	-4	-4	-6	-4	-4	-4	-6
Operating costs	-141	-136	+4.0%	+4.0%	-33	-33	-34	-35	-35	-34	-34	-39
OPERATING PROFIT	329	326	+0.9%	+0.9%	78	91	80	77	82	82	86	79
Net write-downs of loans	-75	-101	-26.1%	-26.1%	-22	-22	-22	-36	-19	-20	-18	-18
NET OPERATING PROFIT	255	225	+13.0%	+13.0%	57	69	59	41	63	63	68	61
Other Charges & Provisions	-29	-17	+67.6%	+67.6%	-5	-12	0	0	-30	2	0	-1
o/w Systemic Charges	-27	-25	+10.6%	+10.6%	-13	-11	0	0	-29	2	0	0
Integration costs	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net income from investments	8	-3	n.m.	n.m.	1	0	1	-5	0	1	0	7
PROFIT BEFORE TAX	233	204	+14.1%	+14.1%	52	58	60	36	34	65	68	66
CONSOLIDATED PROFIT	208	182	+14.2%	+14.2%	46	51	53	32	30	58	61	59
INCOME STATEMENT RATIOS
Cost income ratio	30.0%	29.4%	0.6 pp		30.0%	26.9%	29.6%	31.4%	29.9%	29.1%	28.0%	33.2%
Cost of Risk (LLP annualized on Avg Loans) in basis points	134	189	-55		164	165	163	263	136	141	129	130
VOLUMES
Customers Loans (excl. Repos and IC)	5,424	5,565	-2.5%		5,216	5,290	5,432	5,565	5,613	5,546	5,557	5,424
Customer Depos (excl. Repos and IC)	7,929	7,585	+4.5%		6,831	6,935	7,275	7,585	7,700	7,412	7,666	7,929
Total RWA	4,742	4,876	-2.7%		5,072	5,006	4,814	4,876	4,712	4,738	4,797	4,742
OTHER FIGURES
FTEs (100%)	4,152	4,150	+0.0%		4,107	4,141	4,150	4,150	4,133	4,150	4,130	4,152
Roac at 12.5% CET1 ratio target*	32.4%	26.4%	6.0 pp		26.3%	30.1%	32.1%	17.4%	17.4%	36.7%	38.2%	37.4%

				CEE - Bosnia
INCOME STATEMENT
(mln Euro)	2017	FY 2016	y/y %	y/y % at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	109	108	+1.4%	+1.4%	26	27	27	28	27	28	27	27
Dividends and other income from equity investments	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	41	38	+8.1%	+8.1%	9	10	10	10	10	10	10	11
Net trading income	6	6	+0.9%	+0.9%	1	1	2	1	1	1	2	2
Net other expenses/income	0	0	n.m.	n.m.	0	1	0	-2	0	0	0	0
OPERATING INCOME	156	151	+3.0%	+3.0%	37	39	38	37	38	39	39	39
Payroll costs	-37	-36	+2.9%	+2.9%	-9	-9	-9	-9	-9	-9	-9	-10
Other administrative expenses	-30	-30	+0.8%	+0.8%	-7	-8	-7	-8	-8	-8	-7	-8
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-6	-6	-8.0%	-8.0%	-2	-2	-2	-2	-1	-1	-1	-2
Operating costs	-74	-73	+1.1%	+1.1%	-18	-18	-18	-19	-18	-18	-18	-19
OPERATING PROFIT	82	79	+4.8%	+4.8%	20	21	21	18	20	21	21	20
Net write-downs of loans	-8	-16	-49.3%	-49.3%	-4	-3	-3	-5	-3	-4	3	-4
NET OPERATING PROFIT	74	63	+18.1%	+18.1%	15	17	17	13	17	18	24	16
Other Charges & Provisions	-8	-5	+48.9%	+48.9%	-1	-1	-1	-2	-1	-1	-1	-4
o/w Systemic Charges	-5	-5	+8.9%	+8.9%	-1	-1	-1	-1	-1	-1	-1	-1
Integration costs	-1	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net income from investments	0	1	-36.9%	-36.9%	0	0	0	0	0	0	0	0
PROFIT BEFORE TAX	67	58	+13.8%	+13.8%	14	16	16	12	16	16	22	13
CONSOLIDATED PROFIT	51	45	+14.0%	+14.0%	11	13	12	9	12	12	17	10
INCOME STATEMENT RATIOS
Cost income ratio	47.2%	48.1%	-0.9 pp		47.7%	46.7%	46.3%	51.8%	47.6%	46.3%	46.3%	48.5%
Cost of Risk (LLP annualized on Avg Loans) in basis points	40	83	-43		90	71	73	97	55	72	-52	85
VOLUMES
Customers Loans (excl. Repos and IC)	2,025	1,919	+5.5%		1,840	1,887	1,890	1,919	1,946	1,994	1,984	2,025
Customer Depos (excl. Repos and IC)	2,522	2,230	+13.1%		2,096	2,156	2,199	2,230	2,268	2,315	2,366	2,522
Total RWA	2,866	2,653	+8.0%		2,701	2,763	2,794	2,653	2,592	2,711	2,646	2,866
OTHER FIGURES
FTEs (100%)	1,644	1,662	-1.1%		1,653	1,655	1,662	1,662	1,658	1,657	1,645	1,644
Roac at 12.5% CET1 ratio target*	16.9%	14.3%	2.5 pp		14.0%	16.3%	15.3%	11.8%	16.2%	16.0%	21.8%	13.6%

				CEE - Serbia
INCOME STATEMENT
(mln Euro)	FY 2017	2016	y/y %	y/y % at const. FX	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	101	99	+2.1%	+0.6%	25	25	25	24	24	24	28	26
Dividends and other income from equity investments	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	23	21	+6.2%	+4.7%	5	6	5	5	5	6	6	6
Net trading income	17	13	+29.9%	+28.1%	3	3	3	4	4	4	5	5
Net other expenses/income	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
OPERATING INCOME	141	133	+5.4%	+3.9%	33	33	34	34	32	33	38	37
Payroll costs	-28	-26	+6.5%	+5.0%	-6	-6	-7	-7	-7	-7	-7	-7
Other administrative expenses	-21	-20	+5.1%	+3.6%	-5	-5	-5	-5	-5	-5	-6	-5
Recovery of expenses	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Amortisation & depreciation	-4	-5	-11.6%	-12.8%	-1	-1	-1	-1	-1	-1	-1	-1
Operating costs	-53	-51	+4.2%	+2.7%	-13	-13	-13	-13	-13	-13	-14	-13
OPERATING PROFIT	87	82	+6.2%	+4.7%	20	20	21	20	19	20	24	24
Net write-downs of loans	-21	-23	-10.9%	-12.1%	2	-2	-7	-16	-4	-2	-4	-12
NET OPERATING PROFIT	66	59	+12.9%	+11.3%	22	19	14	4	15	18	21	12
Other Charges & Provisions	-7	-5	+25.6%	+23.8%	-2	-1	-1	-2	-1	-2	-2	-2
o/w Systemic Charges	-6	-5	+16.1%	+14.5%	-2	-1	-1	-1	-1	-1	-2	-2
Integration costs	0	0	n.m.	n.m.	0	0	0	0	0	0	0	0
Net income from investments	0	1	-117.4%	n.m.	0	0	1	0	0	0	0	-1
PROFIT BEFORE TAX	60	54	+9.9%	+8.4%	20	18	14	3	14	17	19	10
CONSOLIDATED PROFIT	55	51	+7.4%	+5.9%	18	16	13	5	12	15	18	10
INCOME STATEMENT RATIOS
Cost income ratio	37.9%	38.3%	-0.4 pp		38.1%	38.5%	37.5%	39.3%	40.6%	40.6%	36.5%	34.5%
Cost of Risk (LLP annualized on Avg Loans) in basis points	114	143	-29		-39	47	157	387	100	35	75	230
VOLUMES
Customers Loans (excl. Repos and IC)	2,044	1,702	+20.1%		1,566	1,648	1,687	1,702	1,666	1,778	1,975	2,044
Customer Depos (excl. Repos and IC)	1,714	1,443	+18.8%		1,281	1,369	1,458	1,443	1,429	1,549	1,631	1,714
Total RWA	2,868	2,547	+12.6%		2,689	2,743	2,772	2,547	2,499	2,680	2,980	2,868
OTHER FIGURES
FTEs (100%)	1,171	1,124	+4.2%		1,075	1,103	1,117	1,124	1,126	1,132	1,149	1,171
Roac at 12.5% CET1 ratio target*	14.6%	14.7%	-0.1 pp		20.6%	18.0%	14.8%	5.1%	14.2%	16.2%	18.2%	10.2%

Non-Core
INCOME STATEMENT (mln Euro)	2017	FY 2016	y/y %	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Net interest	-37	-170	-78.1%	-24	-40	-46	-59	-18	-1	-11	-8
Dividends and other income from equity investments	0	0	n.m.	0	0	0	0	0	0	0	0
Net fees and commissions	-73	-55	+32.7%	-1	-11	-15	-28	-16	-24	-12	-20
Net trading income	24	-5	n.m.	19	1	1	-26	4	0	-1	20
Net other expenses/income	-65	-44	+49.3%	-5	-14	-7	-17	-11	-24	-5	-25
OPERATING INCOME	-151	-273	-44.5%	-10	-65	-67	-130	-41	-49	-28	-33
Payroll costs	-42	-48	-12.3%	-15	-11	-11	-10	-11	-10	-10	-10
Other administrative expenses	-201	-231	-13.1%	-50	-53	-53	-75	-48	-48	-45	-60
Recovery of expenses	117	119	-2.1%	17	43	27	32	15	37	2	63
Amortisation & depreciation	0	0	n.m.	0	0	0	0	0	0	0	0
Operating costs	-126	-160	-21.0%	-47	-22	-37	-54	-44	-21	-53	-8
OPERATING PROFIT	-277	-432	-35.8%	-58	-87	-104	-184	-85	-70	-82	-41
Net write-downs of loans	-722	-8,847	-91.8%	-343	-401	-545	-7,559	-201	-255	-138	-128
NET OPERATING PROFIT	-999	-9,280	-89.2%	-401	-488	-649	-7,743	-286	-324	-220	-169
Other Charges & Provisions	-114	-85	+34.6%	-27	-14	-8	-37	-25	-10	-80	0
o/w Systemic Charges	-23	-31	-26.6%	-23	-6	-1	-1	-22	0	0	0
Integration costs	1	-16	-103.5%	-1	-2	0	-13	0	0	0	1
Net income from investments	-7	-10	-31.9%	-3	-7	0	0	0	0	-1	-6
PROFIT BEFORE TAX	-1,120	-9,391	-88.1%	-431	-511	-656	-7,792	-311	-334	-300	-175
CONSOLIDATED PROFIT	-779	-9,382	-91.7%	-291	-316	-447	-8,329	-206	-216	-207	-150
INCOME STATEMENT RATIOS
Cost income ratio	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.
Cost of Risk (LLP annualized on Avg Loans) in basis points	426	n.m.	n.m.	398	503	724	n.m.	426	580	341	338
VOLUMES
Customers Loans (excl. Repos and IC)	14,296	18,962	-24.6%	33,163	30,674	29,495	18,962	18,237	16,391	15,590	14,296
Customer Depos (excl. Repos and IC)	1,046	970	+7.8%	1,339	1,066	1,083	970	992	1,035	1,077	1,046
Total RWA	21,714	26,196	-17.1%	29,103	27,352	26,251	26,196	25,230	22,742	21,712	21,714
OTHER FIGURES
FTEs (100%)	464	529	-12.2%	677	553	537	529	510	500	496	464
Roac at 12.5% CET1 ratio target*	-26.6%	n.m.	n.m.	-30.4%	-36.4%	-52.3%	n.m.	-25.6%	-28.8%	-29.7%	-22.2%

Fees - Details Group

		FY	y/y	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
(mln Euro)	2017	2016	%	2016	2016	2016	2016	2017	2017	2017	2017
GROUP
Asset management, custody and administration	2,792	2,411	+15.8%	650	634	569	559	713	732	638	709
Financing Services	1,702	1,768	-3.7%	485	459	428	397	443	450	396	414
Transaction and Banking Services	2,213	2,083	+6.3%	498	510	531	543	546	548	559	560
TOTAL NET COMMISSIONS	6,708	6,263	+7.1%	1,633	1,603	1,527	1,499	1,703	1,730	1,592	1,683
Group excl. Non Core
Asset management, custody and administration	2,789	2,406	+15.9%	648	632	568	558	712	731	637	709
Financing Services	1,799	1,860	-3.3%	498	480	450	432	467	480	413	439
Transaction and Banking Services	2,192	2,051	+6.9%	487	502	524	537	540	543	554	555
TOTAL NET COMMISSIONS	6,780	6,317	+7.3%	1,634	1,614	1,542	1,527	1,719	1,754	1,604	1,704

Branches (*)
	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Countries
Poland	960	948	943	929	923	0	0	0
Ukraine	239	239	238	0	0	0	0	0
Romania	183	183	184	160	160	158	157	157
Bulgaria	184	178	179	179	177	177	177	177
Bosnia	118	118	119	119	119	118	114	113
Belorussia	1	0	0	0	0	0	0	0
Croatia	134	134	134	134	134	134	132	128
Hungary	56	56	55	55	55	54	54	54
Kazakhstan	0	0	0	0	0	0	0	0
Russia	102	101	102	105	105	106	104	102
Slovakia	77	77	74	69	70	70	64	62
Serbia	71	71	71	71	71	71	72	71
Montenegro	0	0	0	0	0	0	0	0
Czech Republic	107	107	107	103	103	103	85	83
Kyrgyzstan	0	0	0	0	0	0	0	0
Slovenia	26	26	26	26	26	26	26	26
Azerbaijan	0	0	0	0	0	0	0	0
Lithuania	1	1	1	1	1	1	1	1
Estonia	1	1	1	1	1	1	1	1
Latvia	1	1	1	1	1	1	1	1
Macedonia	0	0	0	0	0	0	0	0
Tajikistan	0	0	0	0	0	0	0	0
Total CEE and Poland	2261	2241	2235	1953	1946	1020	988	976
Italy	3805	3614	3613	3524	3459	3329	3235	3106
Germany	514	512	510	516	516	512	489	490
Austria	196	173	170	164	152	148	144	140
Total Italy Germany Austria	4515	4299	4293	4204	4127	3989	3868	3736

Branches (*)
	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Countries
U.S.A	12	10	10	11	11	11	10	10
United Kingdom	10	9	7	6	6	5	5	4
San Marino	0	0	0	0	0	0	0	0
Luxembourg	7	7	7	7	7	7	7	7
Ireland	14	18	19	19	19	19	21	24
France	2	2	2	2	2	2	2	2
Netherlands	5	5	5	5	5	5	4	4
Philippines	0	0	0	0	0	0	0	0
China	3	3	3	3	3	3	3	3
Hong Kong	2	2	2	2	2	2	2	2
Cayman Islands	3	3	2	2	2	2	2	2
Greece	2	2	2	2	2	2	2	2
Singapore	2	1	1	1	1	1	1	1
Spain	1	1	1	1	1	1	1	1
Switzerland	2	2	2	2	2	2	2	2
Belgium	0	0	0	0	0	0	0	0
Denmark	0	0	0	0	0	0	0	0
Japan	1	1	1	1	1	1	1	1
Norway	0	0	0	0	0	0	0	0
United Arab. Emirates	0	0	0	0	0	0	1	1
Taiwan	0	0	0	0	0	0	0	0
Vietnam	0	0	0	0	0	0	0	0
Argentina	0	0	0	0	0	0	0	0
Bahrein	0	0	0	0	0	0	0	0
Brazil	0	0	0	0	0	0	0	0
India	0	0	0	0	0	0	0	0
Iran	0	0	0	0	0	0	0	0
Lebanon	0	0	0	0	0	0	0	0
Libya	0	0	0	0	0	0	0	0
Mexico	0	0	0	0	0	0	0	0
South Africa	0	0	0	0	0	0	0	0
South Korea	0	0	0	0	0	0	0	0
Tunisia	0	0	0	0	0	0	0	0
Total Other countries	66	66	64	64	64	63	64	66
Total	6842	6606	6592	6221	6137	5072	4920	4778

Note: (*) Number of branches at regulatory view