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DGAP-Ad hoc: Bipop-Carire S.A. = - 500 Beiträge pro Seite



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Ad-hoc-Mitteilung verarbeitet und übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. --------------------------------------------------------------------------------

PART 3 OF 5

BALANCE SHEET and AUM DATA

Total assets under control reached Euro 56.0 billion at the end of 1H 2001, registering an 11% increase vs. 31 March 3001 and a 16% increase vs. 30 June 2000, despite difficult market conditions. In particular;

- Assets under management at 30 June 2001 increased by 10% compared to 31 March 2001, reaching Euro 30.8 billion; - Assets under administration at 30 June 2001 increased by 18%% compared to 31 March 2001, reaching Euro 7.8 billion; - Customer deposits at 30 June 2001 increased by 10% compared to 31 March 2001, reaching Euro 17.4 billion.

Total net inflows for 1H 2001 were Euro 2.1 billion. During 2Q 2001 such net inflows were Euro 1.6 billion, showing a 220% increase vs. IQ 200I. As far as assets under management, despite the negative performance of the stock markets and the outflows suffered by the Italian asset management industry, the Group gathered positive net inflows of Euro 376 million during 1H 2001. In particular, during 2Q 2001 the AUM net inflows totalled Euro 800 million vs. outflows of Euro 423 million in the previous quarter. New life insurance production in 2Q 2001 amounted to Euro 307 million, showing a 72% increase vs. 1Q 2001.

During 1H 2001 there was a 47% increase in customer lending compared to the same period in 2000, reaching Euro 15.1 billion, resulting from the contribution of the Group`s product companies. In particular, the mortgage sector has witnessed growth during six consecutive quarters and with a 44% increase in volumes (before any loan sales) vs. 1H 2000. Taking into account the loan sales during 1H 2001, mortgage loans at 30 June 2001 have shown a 27% decrease vs. loans at 30 June 2000. Despite the steady growth of lending, net NPLs remained low (Euro 132 million), representing 1,2% of customer loans. The presence in the Group`s business portfolio of activities not connected to financial markets (particularly mortgage loans) has proved to be an important source of revenues for the Group.

During 2Q 2001, the Group continued to cede new production of mortgage loans, which contributed positively to item "Other operating income" for Euro 33 million and negatively to item "Commissions" for Euro 8 million.

DISTRIBUTION

The Group`s distribution network continued its development. There were 597 point of sales at the end of June 2001 (294 branches and 303 financial shops of Bipop City and Banca FinEco) against 520 at year-end 2000. The contribution of the Group`s financial planners to the net inflows continued to be increasingly significant; at 30th June 2001 their numbers reached 3,550 units (1,687 Bipop City. 1,200 Banca FinEco, 663 Azimut), registering an increase of 420 units compared to the end of 2000. Specialized sales networks for mortgages, consumer credit and leasing are proof of this strong development reaching 920 units at the end of 1H 2001.

On 31st May 2001 the Group completed its acquisition of Safei S.A., a relevant Spanish asset management company. The company was consolidated by the purchase method as of June 2001.

END OF PART 3

Ende der Ad-hoc-Mitteilung (c) DGAP 02.08.2001 -------------------------------------------------------------------------------- WKN: 880064; Index: Notiert: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Munchen und Stuttgart; Mailand

020839 Aug 01



Autor: import DGAP.DE (),08:43 02.08.2001



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