HALF-YEAR
CONSOLIDATED
FINANCIAL REPORT
AS AT 30 JUNE
2022
HALF-YEAR CONSOLIDATED FINANCIAL REPORT
BANCA CARIGE AND ITS SUBSIDIARIES
AS AT 30 JUNE 2022
TABLE OF CONTENTS
BANCA CARIGE'S BOARD OF DIRECTORS, BOARD OF STATUTORY AUDITORS AND | 5 | ||
INDEPENDENT AUDITORS AS AT 30 JUNE 2022 | |||
BANCA CARIGE'S BOARD OF DIRECTORS, BOARD OF STATUTORY AUDITORS AND | 6 | ||
INDEPENDENT AUDITORS AS AT THE DATE OF APPROVAL | |||
BANCA CARIGE'S CONSOLIDATED FINANCIAL STATEMENTS: SUMMARY INFORMATION | 7 | ||
INTERIM REPORT ON OPERATIONS | 10 | ||
Real economy and money market | 11 | ||
Covid-19: Regulatory measures and initiatives adopted by Banca Carige and its subsidiaries. | 13 | ||
Strategy | 16 | ||
Business performance | 17 | ||
Key events in the reporting period | 21 | ||
Disposal of branches of business and application of IFRS5 | 26 | ||
Main risks and uncertainties and outlook on operations | 27 | ||
Related party disclosures | 29 | ||
Performance of subsidiaries in the reporting period | 29 | ||
Distribution channels and HR management | 29 | ||
HALF-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | 33 | ||
Consolidated Financial Statements | 34 | ||
- | Consolidated Balance Sheet | 35 | |
- | Consolidated Income Statement | 36 | |
- Consolidated Statement of Comprehensive Income | 37 | ||
- Statement of Changes in Consolidated Shareholders' Equity | 38 | ||
- Consolidated Statement of Cash Flows | 40 | ||
Explanatory notes | 41 | ||
- | Accounting policies | 41 | |
- Scope and methods of consolidation | 56 | ||
- | Subsequent events | 58 | |
- | Profit & Loss results | 59 | |
- Balance sheet items, funding and lending | 64 | ||
- | Related-party transactions | 72 | |
- Treasury shares, statement of cash flows and shareholders' equity | 73 | ||
- | Risk control | 74 | |
- | Segment reporting | 88 | |
ANNEXES | 91 | ||
CERTIFICATION OF THE HALF-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS | 96 | ||
AT 30 JUNE 2022 PURSUANT TO ARTICLE 81-TER OF CONSOB REGULATION NO. 11971 OF 14 | |||
MAY 1999, AS AMENDED | |||
INDEPENDENT AUDITORS' REPORT ON THE HALF-YEAR CONDENSED CONSOLIDATED | 98 | ||
FINANCIAL STATEMENTS AS AT 30 JUNE 2022 | |||
NOTE | The following conventional signs are used in the tables: | ||
- when data is nil | |||
… when data is not significant |
1
The terms "Banca Carige's Consolidated Financial Statements", "Consolidated Financial Statements of Banca Carige and its subsidiaries" and "Banca Carige and its subsidiaries" used in this document refer to the scope of the former Banca Carige Group.
2
On 3 June 2022, the parties finalised the sale of the controlling interest in Banca Carige S.p.A. (approximately 80%) held by the Interbank Deposit Protection Fund (FITD) and the Voluntary Intervention Scheme (SVI) to BPER Banca S.p.A. As a result of the sale, Banca Carige S.p.A. is now under the management and coordination of BPER Banca S.p.A. and is a member, along with its subsidiaries, of the BPER Banca Group. The Banca Carige Group has therefore been cancelled from the Banking Groups Register.
These half-year condensed consolidated financial statements, covering the scope of the former Banca Carige Group, continued to be prepared on a consolidated basis because Art. 27 of Legislative Decree 127/1991, which regulates exemptions from the preparation of consolidated financial statements, does require that of subsidiaries that have issued shares admitted for trading on EU or Italian regulated markets.
3
SCOPE OF CONSOLIDATION
4
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Banca Carige S.p.A. Cassa di Risparmio di Genova e Imperia published this content on 07 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2022 11:11:02 UTC.