Ena banka, ena UniCredit. 2018 Letno poročilo / Annual Report Title 01 2 2018 Letno poročilo · UniCredit Bank Predstavitev Banke in Skupine Finančni kazalniki Nagovor izvršnega direktorja matične skupine UniCredit Nagovor predsednika uprave Banke Etičnost in spoštovanje: Naredi, kar je prav! Predstavitev UniCredit Banka Slovenija d.d. Predstavitev UniCredit Leasing, leasing, d.o.o. Organi upravljanja UniCredit Banka Slovenija d.d. Organi upravljanja UniCredit Leasing, leasing, d.o.o. Organizacijska shema Banke Poslovna mreža Dogodki, ki so zaznamovali leto 2018 Izjava o ureditvi notranjega upravljanja 5 6 8 10 12 13 14 15 16 18 20 22 Introduction of the Bank and the Group Financial Indicators Chief Executive Officer’s Message Statement by the Chairman of the Management Board Ethics and respect: Do the right thing! About UniCredit Banka Slovenija d.d. About UniCredit Leasing, leasing, d.o.o. Governing Bodies of UniCredit Banka Slovenija d.d. Governing Bodies of UniCredit Leasing, leasing d.o.o. Organizational Structure of the Bank Branch Network Events that Marked the Year 2018 Corporate Governance Statement 191 192 194 196 198 199 200 201 202 200 204 208 Poslovno poročilo Gospodarsko okolje v letu 2018 Poudarki Vseevropska zmagovalka Rast poslovanja Mejniki načrta Transformacija 2019 Finančni rezultati Poslovanje Banke na različnih segmentih Poslovanje s prebivalstvom in malimi podjetji Poslovanje s podjetji in investicijsko bančništvo Globalne bančne storitve Služba za varovanje Družbena odgovornost 25 26 27 28 29 30 34 34 35 36 37 38 Business Report Economic Environment in 2018 Highlights A Pan-European Winner Business Growth Transform 2019 Milestones Financial Results Bank Segment’s Performance Review Retail and Small Business Banking Corporate and Investment Banking Global Banking Services Security Office Corporate Sustainability 211 212 213 214 215 216 219 219 220 221 222 229 Poročilo nadzornega sveta 44 Report from the Supervisory Board 225 Izjava o odgovornosti 47 Statement of Responsibility 232 Poročilo o odnosih do povezanih družb 48 Report on Relations with Related Undertakings 233 Dovoljenje Banke Slovenije 49 Authorisation of the Bank of Slovenia 234 Poročilo neodvisnega revizorja 50 Report of Auditors 236 Računovodski izkazi Banke in Skupine 58 Financial Statements of the Bank and the Group 246 UniCredit Bank · 2018 Letno poročilo 3 4 2018 Letno poročilo · UniCredit Bank Predstavitev Banke in Skupine Finančni kazalniki Banka 2018 Skupina 2017 2016 2018 2017 2016 Izkaz finančnega položaja (v 1.000 EUR) Bilančna vsota 2.655.502 2.705.870 2.571.213 2.708.448 2.759.685 2.642.950 Vloge nebančnega sektorja, merjene po odplačni vrednosti 1.922.621 1.957.535 1.754.696 1.919.950 1.950.780 1.753.418 1.231.430 1.367.969 1.173.419 1.228.759 1.361.214 1.172.141 691.191 589.566 581.277 691.191 589.566 581.277 Krediti nebančnemu sektorju, merjeni po odplačni vrednosti 1.924.380 1.807.528 1.745.593 1.966.981 1.850.488 1.801.272 Krediti pravnim in drugim osebam, ki opravljajo dejavnost 1.156.205 1.081.747 1.023.596 1.184.752 1.113.285 1.070.569 768.175 725.781 721.997 782.229 737.203 730.703 251.458 277.244 245.776 271.537 293.003 263.641 Vloge pravnih in drugih oseb, ki opravljajo dejavnost Vloge prebivalstva Krediti prebivalstvu Kapital Popravki oziroma prilagoditve vrednosti in rezervacije za kreditne izgube Obseg zunajbilančnega poslovanja 72.080 68.235 106.801 88.490 87.018 121.385 3.183.700 2.814.095 3.954.899 3.183.700 2.814.095 3.954.899 Izkaz poslovnega izida (v 1.000 EUR) Čisti obrestni prihodki 45.193 43.293 41.938 49.686 46.816 45.090 Čisti neobrestni prihodki 30.597 21.142 31.265 30.973 21.886 33.362 (36.245) (36.866) (34.028) (37.332) (38.080) (35.349) Stroški dela, splošni in administrativni stroški Amortizacija (5.098) (5.170) (5.722) (5.769) (5.937) (6.893) Oslabitve in rezervacije (9.560) 24.317 (17.997) (8.819) 19.127 (15.362) Poslovni izid pred obdavčitvijo 24.887 46.716 15.456 28.739 43.812 20.848 Davek od dohodka pravnih oseb (4.273) (8.375) (1.592) (5.371) (7.577) (3.056) Izkaz drugega vseobsegajočega donosa (v 1.000 EUR) Drugi vseobsegajoči donos pred obdavčitvijo Davek iz dohodka pravnih oseb od drugega vseobsegajočega donosa (11.713) 8.649 6.703 (11.713) 8.649 6.703 2.229 (1.642) (1.603) 2.229 (1.642) (1.603) 564 549 545 575 568 561 Zaposleni Število zaposlenih na dan 31. december Delnice Število delničarjev Nominalna vrednost delnice (v EUR) Knjigovodska vrednost delnice (v EUR) Število delnic 1 1 1 1 1 1 4,17 4,17 4,17 4,17 4,17 4,17 51,44 56,72 50,28 55,55 59,94 53,93 4.888.193 4.888.193 4.888.193 4.888.193 4.888.193 4.888.193 Kapital Količnik navadnega lastniškega temeljnega kapitala 16,0 % 17,2 % 15,4 % 17,1 % 17,8 % 15,8 % Količnik temeljnega kapitala 16,0 % 17,2 % 15,4 % 17,1 % 17,8 % 15,8 % Količnik skupnega kapitala 16,3 % 17,4 % 15,6 % 17,4 % 18,0 % 16,1 % 2,75 % 3,6 % 5,2 % 3,53 % 4,5 % 6,3 % 3,82 % 4,9 % 7,9 % 5,03 % 6,1 % 9,5 % 66,75 % 55,4 % 61,4 % 63,83 % 50,1 % 56,9 % 3,04 % 11,8 % 20,5 % (5,29 %) (48,1 %) (77,9 %) Kvaliteta sredstev in prevzetih obveznosti Nedonosne (bilančne in zunajbilančne) izpostavljenosti / razvrščene bilančne in zunajbilančne izpostavljenosti Nedonosni krediti in druga finančna sredstva / razvrščeni krediti in druga finančna sredstva Popravki oz. prilagoditve vrednosti in rezervacije za kreditne izgube / nedonosne izpostavljenosti Prejeta zavarovanja / nedonosne izpostavljenosti Profitabilnost Obrestna marža 1,7 % 1,7 % 1,6 % 1,9 % 1,8 % 1,7 % Marža finančnega posredništva 2,9 % 2,5 % 2,8 % 3,1 % 2,6 % 2,9 % Donos na aktivo po obdavčitvi (ROA) 0,8 % 1,5 % 0,5 % 0,9 % 1,4 % 0,7 % Donos na kapital pred obdavčitvijo (ROE) 9,7 % 18,4 % 6,2 % 10,5 % 16,1 % 7,9 % Donos na kapital po obdavčitvi 8,1 % 15,1 % 5,6 % 8,5 % 13,3 % 6,7 % 1,6 % 1,6 % 1,5 % 1,6 % 1,7 % 1,6 % 218,8 % 389 194 175 Stroški poslovanja Operativni stroški / povprečna aktiva Likvidnost Količnik likvidnostnega kritja 181,5 % 207,4 % Likvidnostni blažilnik 485.074 597.921 563.125 Neto likvidnostni odlivi 269.175 290.356 270.768 389 194 175 Prejete javne subvencije (v 1.000 EUR) UniCredit Bank · 2018 Letno poročilo 5 Nagovor izvršnega direktorja matične skupine UniCredit smo Osredotočeni na trajnostno rast poslovanja, ki temelji na etiki in spoštovanju, z namenom, da UniCredit ostane vseevropska zmagovalka. Jean Pierre Mustier Izvršni direktor Spoštovani delničarji. Rad bi se vam zahvalil za vašo dragoceno, stalno podporo. Zaključili smo drugo uspešno leto našega strateškega načrta Transformacija 2019. UniCredit je trdna banka z močnimi kapitalskimi količniki, ki se vseskozi osredotoča na ustvarjanje vrednosti za vse deležnike z inovativnimi poslovnimi ukrepi, digitalno transformacijo, izboljšanim upravljanjem tveganj, transparentnim korporativnim upravljanjem in pomembnimi pobudami za družbeno odgovornost, ki temeljijo na etiki in spoštovanju. Za nas vse to pomeni, da delamo prave stvari. 6 2018 Letno poročilo · UniCredit Bank Bančna industrija se bo še naprej razvijala, v skupini UniCredit pa bomo tudi v prihodnje ohranili zavezanost temu, ‘’kar je pomembno’’, torej na spreminjajoče se potrebe naših strank, da bi s tem zaščitili vrednost našega poslovanja in zagotovili trajnost. Naša strategija je postati »ena banka, ena UniCredit« in ostati enostavna, uspešna, vseevropska komercialna banka, s povsem integriranim poslovanjem s podjetji in investicijskim bančništvom (CIB), ki svoji obsežni in rastoči bazi strank omogoča dostop do edinstvene zahodno-, srednje- in vzhodnoevropske mreže. Energija, predanost in trdo delo vseh članov ekipe UniCredit nam omogočajo doseganje oprijemljivih rezultatov. Potrjujemo cilje, ki smo si jih zadali v okviru strateškega načrta Transformacija 2019: ciljni čisti dobiček v višini 4,7 milijarde evrov in donosnost opredmetenega kapitala (RoTE) nad 9 odstotki, pri čemer je temeljna donosnost Skupine (Core RoTE) nad 10 odstotki. Z ustvarjanjem stabilnih dobičkov bomo ohranili močan kapitalski položaj in zagotovili ustrezen blažilnik maksimalnega zneska za razdelitev (MDA). Naš količnik kapitalske ustreznosti (CET1) je polno obremenjen in skladen z vsemi regulatornimi zahtevami. Skupina UniCredit se je dobro odrezala na stresnih testih EBA, saj so rezultati pokazali enega najvišjih CET1 količnikov v primerjavi s podobnimi bankami iz evroobmočja. Kar zadeva kakovost sredstev, smo odločno nadaljevali z zmanjševanjem tveganja naše bilance in zaključili zaključno fazo projekta FINO. Naša disciplinirana strategija obvladovanja tveganj zagotavlja boljšo kakovost sredstev in prihodnjega odobravanja posojil v celotni Skupini. Zmanjševanje poslovno nepotrebnega premoženja poteka s pospešeno hitrostjo, zato bomo zadani cilj dosegli že leta 2021, torej 4 leta prej, kot je bilo predvideno. Njegove dragocene izkušnje v mednarodnem monetarnem in finančnem delovanju, zlasti na področju nadzora in poznavanja regulativnega okolja, prinašajo veliko vrednost naši Skupini. Skupaj smo se že začeli aktivno pripravljati na naslednji strateški cikel. Osredotočili se bomo na razvoj poslovnih dejavnosti in na nadaljnjo optimizacijo procesov, obenem pa bomo vsem sodelavcem zagotavljali najboljše delovno okolje in izkušnje, s ciljem, da bi še naprej privabljali prave ljudi. Začenjamo s še bolj energično vodstveno ekipo in spremenjeno vodstveno strukturo, ki bo našo novo strategijo tudi uresničila. Še naprej si bomo s trdnim delom prizadevali za to, da skupina UniCredit ostane prava vseevropska zmagovalka. S spoštovanjem, Jean Pierre Mustier Izvršni direktor UniCredit S.p.A. Pri preoblikovanju našega modela poslovanja in optimizaciji stroškov se opiramo na digitalizacijo. Še naprej bomo izboljševali uporabniško izkušnjo s poenostavljenimi procesi, ki zagotavljajo večjo učinkovitost in uspešnost. Še naprej povečujemo vrednost komercialnega bančništva s poudarkom na dinamični osredotočenosti na stranke, pri čemer ostajamo zvesti večkanalni strategiji z najboljšimi produkti in storitvami v svojem razredu. Naša divizija Poslovanje s podjetji in investicijsko bančništvo (CIB) je povsem integrirana v komercialno bančništvo Skupine in usmerjena v podporo realnemu gospodarstvu. Za zaključek bi rad izrazil toplo dobrodošlici našemu novemu predsedniku uprave Fabriziu Saccomanniju. UniCredit Bank · 2018 Letno poročilo 7 Nagovor predsednika uprave Banke 2018 si bomo Leto zapomnili kot uspešno leto z vidika rasti in donosnosti ter kot leto, ki ga je zaznamovala naša osredotočenost na uporabniško izkušnjo, digitalizacijo in zadovoljstvo strank. Stefan Vavti Predsednik uprave Spoštovane dame in gospodje, cenjeni poslovni partnerji. Leto 2018 je zaznamovala močna ekonomska aktivnost slovenskega gospodarstva, ki je na letni ravni še naprej beležilo 4,3-odstotno rast, k temu pa so prispevale vse komponente BDP. Pozitivno makroekonomsko okolje se bo z rahlo ohladitvijo nadaljevalo tudi v letu 2019, na pričakovano 3-odstotno gospodarsko rast pa bosta vplivala predvsem notranje povpraševanje in izvoz, ki bo glede na leto poprej nekoliko manjši. Na letni ravni smo še naprej beležili rahlo povečano povpraševanje po podjetniških storitvah, zlasti 8 2018 Letno poročilo · UniCredit Bank posojilih. Gre za nadaljevanje trenda iz leta 2017, ko se je zaključilo dolgo obdobje krčenja. Ekspanzija iz preteklih let se je nadaljevala tudi v segmentu poslovanja s prebivalstvom. Dogajanje na trgu so podpirale še vedno zgodovinsko nizke nominalne obrestne mere in nadaljnje izboljševanje gospodarske klime. Za UniCredit Banka Slovenija d.d. in njeno povezano družbo UniCredit Leasing d.o.o. je bilo leto 2018 uspešno tako v smislu finančnih kazalnikov uspešnosti kot tudi v smislu poslovnega razvoja. Konsolidirani poslovni izid v letu 2018 se je po rekordnem letu 2017 sicer zmanjšal, a je še vedno dosegel drugo najvišjo vrednost v zadnjih desetih letih. Dobiček pred obdavčitvijo znaša 28,7 milijona evrov. Donos na kapital je znašal 10,5 %. Izid je rezultat naših prizadevanj za razvoj poslovanja in pomembnih enkratnih dogodkov, kot je prestrukturiranje dolgov in refinanciranje slabih terjatev v preteklosti. Konec leta 2018 je količnik kapitalske ustreznosti (CET1) znašal 17,36 %, kljub izplačilu dividend delničarjem v skupnem znesku 36,3 milijona evrov. Visok količnik kapitalske ustreznosti je dobra osnova za nadaljnjo organsko rast v letu 2019 in naprej, trgu in kupcem pa predstavlja pozitiven signal. Nadaljevali smo s preudarnim pristopom k upravljanju stroškov, čeprav Banka selektivno vlaga v sodelovanju s poslovnimi partnerji za razvoj srednjeročnih partnerstev (B2C raven). Uspešno smo poslovali tudi v UniCredit Leasing d.o.o., kjer smo v letu 2018 dosegli povečanje tržnega deleža. Naše delovanje v veliki meri zaznamuje osredotočenost na poslovanje s strankami. Kljub vztrajnim negativnim referenčnim obrestnim meram v EUR smo uspeli povečati čisti obrestni prihodek nad stopnjami rasti trga. V Banki se še naprej osredotočamo na digitalno preobrazbo, ki smo jo začeli pred leti. Hkrati bomo nadaljevali z vlaganjem in nadgradnjo kakovosti naših storitev, ki jih opredeljujemo kot dolgoročno gonilo zadovoljstva kupcev. Uporabniška izkušnja in zadovoljstvo naših strank sta postala del našega DNK zapisa. Ocenjujemo namreč, da je to ključni dejavnik uspeha, ki bo tudi v prihodnosti omogočal našo organsko rast. Še naprej krepimo prizadevanja, s katerimi strankam omogočamo večkanalni digitalni in konvencionalni pristop, saj verjamemo, da je ravno odnos s stranko eden od razločevalnih dejavnikov, kar potrjujejo tudi ankete neodvisnih raziskovalnih agencij. Stranke v stiku z nami cenijo prijaznost, strokovnost in izpolnitev obljub, kar nas postavlja na vodilno mesto med konkurenco in potrjuje naša prizadevanja pri ohranjanju prednosti na trgu. nagrade kot del matične skupine UniCredit ter bili že peto leto zapored izbrani za najboljšega ponudnika storitev za vrednostne papirje v Sloveniji po izboru revije Global Finance. Zavedamo se odgovornosti do družbe in okolja, v katerem delujemo. Tudi v letu 2018 smo tako zagotovili sponzorsko podporo izbranim kulturnim, poslovnim in izobraževalnim dogodkom, s čimer želimo spodbujati povezanost in občutek družbene pripadnosti. Prizadevamo si predvsem za podporo in pomoč otrokom in mladostnikom z manj priložnostmi v obliki donacij in z zbiranjem izdelkov za otroke iz ogroženih okolij. Tako smo že 13. leto zapored z novoletno donacijo podprli humanitarne in družbeno koristne projekte, za katere so preko spleta glasovale naše stranke. Poleg projekta Botrstvo, ki deluje pod okriljem Zveze prijateljev mladine Ljubljana Moste Polje, so našo novoletno donacijo prejeli tudi v Društvu Rdeči noski in Zavodu Hospic Ljubljana. Poseben posluh za dobrodelnost skozi vsa leta izkazujejo tudi naši zaposleni, ki so se v preteklem letu odpovedali tudi novoletnemu obdarovanju in sredstva namenili ogroženi družini pod okriljem projekta Botrstvo. Vseh teh uspehov pa ne bi bilo brez vas, naših cenjenih strank. Iskreno se zahvaljujemo tudi našim cenjenim zaposlenim in našemu delničarju za njihovo zaupanje in prispevke. V imenu uprave, Stefan Vavti predsednik uprave UniCredit Banka Slovenija d.d. V preteklem letu smo ponovno prejeli številne UniCredit Bank · 2018 Letno poročilo 9 Etičnost in spoštovanje: Naredi, kar je prav! Uprava in višje vodstvo matične skupine UniCredit menita, da je način doseganja rezultatov enako pomemben kot rezultati sami. Zato morajo naslednja Načela Skupine1 voditi vse odločitve in vedenja zaposlenih, ne glede na njihov stalež, stopnjo odgovornosti ali regijo: “Etičnost in spoštovanje: Naredi, kar je prav!” Načela matične skupine Skupine so oblikovana z namenom, da vsem zaposlenim v matični skupini UniCredit pomagajo pri sprejemanju odločitev in pri odnosu do vseh deležnikov pri vsakodnevnih aktivnostih. Še posebej ta Načela zahtevajo: • skladnost z najvišjimi etičnimi standardi – ne zgolj z bančnimi uredbami in zakonskimi zahtevami, temveč v vseh odnosih s strankami, sodelavci, okoljem, delničarji in ostalimi deležniki; • spodbujanje spoštljivega, skladnega in produktivnega delovnega okolja; da bi kar najbolj zaščitili Banko in njen ugled ter postali zaželen delodajalec in poslovni partner. Načela Skupine poudarjajo vrsto ključnih usmeritev, ki dodatno pojasnjujejo pričakovanja glede načina dela kot Ena ekipa, ena UniCredit in podpirajo zaposlene pri izvajanju petih temeljnih načel matične skupine UniCredit. Smisel vsakega od teh načel je izjemno pomemben in bo predstavljal osnovo za podrobnejše politike, ki jih bomo posodobili ali na novo razvili v prihodnjih mesecih. Načela Skupine za vsakodnevne aktivnosti • Etičnost kot vodilno načelo poštenosti in spoštovanja vseh deležnikov z namenom doseganja trajnostnih rezultatov. Od zaposlenih v matični skupini UniCredit se, ne glede na stalež, stopnjo odgovornosti ali regijo, pričakuje, da pri svojih vsakodnevnih aktivnostih počnejo, kar je prav, ter so pošteni do vseh deležnikov, da pridobijo in obdržijo njihovo zaupanje. • “Etičnost in spoštovanje” je vodilno načelo, ki se nanaša na vse politike matične skupine. Načelo “Etičnost in spoštovanje” temelji na dolgoročnem pogledu na poslovne aktivnosti matične skupine Skupine in odnose z deležniki ter upošteva notranje in zunanje delovno okolje. Poslovne politike zahtevajo skrbno in odgovorno zagotavljanje prodajnega pristopa: samo uravnotežen, pošten in spoštljiv odnos do strank omogoča doseganje trajnostnega poslovnega uspeha in dolgoročnih ciljev. Če cilji in poslovni rezultati ne bodo izpolnjeni v skladu z Načeli matične skupine Skupine, povezanimi politikami in zahtevami, ki iz njih izhajajo, jih ne moremo upoštevati kot dosežene. • “Etičnost in spoštovanje“ je vodilno načelo za odnose med vsemi zaposlenimi v matični skupini. Od zaposlenih v matični skupini UniCredit se pričakuje, da z vsakodnevnimi aktivnostmi prispevajo k ustvarjanju in ohranitvi čim bolj spoštljivega in harmoničnega delovnega okolja ter se dosledno izogibajo zastrašujočemu, sovražnemu, ponižujočemu ali žaljivemu vedenju in govoru. Matična skupina UniCredit mora prispevati k zagotavljanju spoštovanja pravic, vrednot in dostojanstva ljudi in okolja. Vse oblike nadlegovanja, ustrahovanja in spolnega nadlegovanja so nesprejemljive. 10 2018 Letno poročilo · UniCredit Bank • “Etičnost in spoštovanje” je vodilno načelo za spodbujanje raznolikosti in vzdrževanje ravnovesja med poklicnim in zasebnim življenjem, ki sta dragoceni dobrini. Od zaposlenih v matični skupini UniCredit se pričakuje spoštovanje in aktivno podpiranje raznolikosti (npr. na podlagi starosti, rase, narodnosti, političnega prepričanja, vere, spola, spolne usmerjenosti) ter vzpostavljanje okolja, v katerem so spoštovanje, pozornost na potrebe sodelavcev, zdravje, ravnovesje med poklicnim in zasebnim življenjem ter dobro počutje bistveni za doseganje trajnostnih rezultatov. • “Etičnost in spoštovanje” je vodilno načelo, ki podpira krepitev kulture odprtega komuniciranja in zaščite pred maščevanjem. Matična skupina UniCredit se odločno zavzema za spodbujanje okolja, v katerem se zaposleni in tretje osebe dobro počutijo v odprtem in poštenem komuniciranju. Spodbuja sodelavce in tretje osebe, da izrazijo svoje mnenje in sprožijo takojšnje dobronamerne pomisleke brez strahu pred povračilnimi ukrepi v zvezi s kakršno koli situacijo, ki lahko vključuje neetično ali nezakonito ravnanje ali neprimerne odnose z drugimi. 1 Ki nadomeščajo dosedanje vrednote. UniCredit Bank · 2018 Letno poročilo 11 Predstavitev Banke in Skupine Predstavitev UniCredit Banka Slovenija d.d. Sedež: Šmartinska 140 SI-1000 Ljubljana Slovenija Telefon: Brezplačna telefonska številka: Faks: Spletna stran: Elektronska pošta: + 386 1 5876 600 080 88 00 + 386 1 5876 684 www.unicreditbank.si info@unicreditgroup.si Osnovna dejavnost: drugo denarno posredništvo Šifra dejavnosti: K/64.190 Leto ustanovitve: 1991 Predsednik nadzornega sveta: Marco Lotteri Registrirana: pri Okrožnem sodišču v Ljubljani št. reg. vl. 1/10521/00 Osnovni kapital: Matična številka: 20.383.764,81 EUR 5446546000 Identifikacijska številka: SI59622806 Transakcijski račun odprt pri UniCredit Banka Slovenija d.d.: SI56 2900 0190 0030 037 Swift: BACXSI22 Opomba: V nadaljevanju letnega poročila pomeni poimenovanje Skupina = UniCredit Banka Slovenija d.d. kot matična družba in UniCredit Leasing, d.o.o. kot odvisna družba Matična skupina UniCredit = mednarodna skupina UniCredit 12 2018 Letno poročilo · UniCredit Bank Predstavitev UniCredit Leasing, leasing, d.o.o. Sedež: Šmartinska 140 SI-1000 Ljubljana Slovenija Telefon: Faks: + 386 1 6010 000 + 386 1 5206 035 Spletna stran: Elektronska pošta: www.unicreditleasing.si office@unicreditleasing.si Osnovna dejavnost: dejavnost finančnega zakupa Šifra dejavnosti: K/64.910 Leto ustanovitve: 2001 Direktor: Registrirana: Igor Živanović pri Okrožnem sodišču v Ljubljani št. reg. vl. 061/13475200 Osnovni kapital: Matična številka: 25.039.658,00 EUR 1628852000 Identifikacijska številka: SI23445033 Transakcijski račun odprt pri UniCredit Banka Slovenija d.d.: SI56 2900 0005 5064 332 Swift: BACXSI22 UniCredit Bank · 2018 Letno poročilo 13 Predstavitev Banke in Skupine Organi upravljanja UniCredit Banka Slovenija d.d. Uprava Član Stefan Vavti Damijan Dolinar Alessandro Pontoglio Lea Bránecká Ivanka Prezhdarova Stoyanova Sergio Marino Funkcija Predsednik Član Član Članica Članica Član Datum nastopa 17. julij 2012 5. julij 2011 14. marec 2017 5. junij 2018 17. avgust 2018 17. februar 2016 Datum prenehanja funkcije n.a. n.a. n.a. n.a. n.a. 31. oktober 2018 Član Funkcija Datum nastopa Datum prenehanja funkcije Marco Lotteri Predsednik 3. maj 2017 n.a. Helmut Franz Haller Namestnik predsednika 4. april 2017 n.a. Franco Andreetta Član 9. februar 2009 n.a. Laura Kristina Orlić Članica 4. april 2017 n.a. Pasquale Giamboi Član 20. februar 2018 n.a. Član Funkcija Datum nastopa Datum prenehanja funkcije Marco Lotteri Predsednik 18. oktober 2017 20. februar 2018 Pasquale Giamboi Predsednik 21. februar 2018 n.a. Franco Andreetta Član 3. maj 2010 n.a. Helmut Franz Haller Član 3. maj 2017 n.a. Član Funkcija Datum nastopa Datum prenehanja funkcije Marco Lotteri Predsednik 28. julij 2016 n.a. Helmut Franz Haller Član 3. maj 2017 n.a. Pasquale Giamboi Član 21. februar 2018 n.a. Nadzorni svet Revizijska komisija Komisija za tveganja Komisija za imenovanja Član Funkcija Datum nastopa Datum prenehanja funkcije Helmut Franz Haller Predsednik 3. maj 2017 n.a. Marco Lotteri Član 28. julij 2016 n.a. Laura Kristina Orlić Članica 3. maj 2017 n.a. Komisija za prejemke Član Funkcija Datum nastopa Datum prenehanja funkcije Laura Kristina Orlić Predsednica 3. maj 2017 n.a. Marco Lotteri Član 28. julij 2016 n.a. Franco Andreetta Član 3. maj 2017 n.a. 14 2018 Letno poročilo · UniCredit Bank Predstavitev Banke in Skupine Organi upravljanja UniCredit Leasing, leasing, d.o.o. Poslovodstvo Član Funkcija Datum nastopa Datum prenehanja funkcije Igor Živanović Direktor 1. januar 2016 n.a. UniCredit Bank · 2018 Letno poročilo 15 Predstavitev Banke in Skupine Organizacijska shema Banke Notranja revizija Revizijska komisija NADZORNI SVET U P R A V A Član uprave Vodja divizije Poslovanje s podjetji in investicijsko bančništvo Predsednik uprave CEO Vodja divizije Globalne bančne storitve Služba upravljanje s človeškimi viri Korporativna identiteta in komunikacije Služba za varovanje Leasing prodaja Spremljanje reklamacij Strategija in planiranje prodaje Pravna služba Informacijsko komunikacijska tehnologija Skladnost poslovanja Organizacija in logistika Preprečevanje pranja denarja Bančna operativa in storitve Ključne stranke Mednarodna podjetja Podjetniško financiranje Poslovanje s srednje velikimi podjetji Finančni trgi Finančne inštitucije Globalno transakcijsko bančništvo Podjetniško svetovanje 16 2018 Letno poročilo · UniCredit Bank B A N K E Član uprave Vodja divizije Poslovanje s prebivalstvom in malimi podjetji Član uprave Vodja divizije Finance CFO Član uprave Vodja divizije Upravljanje s tveganji Prodajna mreža Računovodstvo Interna validacija Digitalna prodaja in partnerstva Planiranje, kontroling in regulativno poročanje Strateško upravljanje s tveganji, politike in procesi Upravljanje uporabniške izkušnje Usmeritve in produkti Privatno bančništvo Upravljanje bilance banke Presoja in prevzemanje kreditnih tveganj Posebni primeri Tržna in operativna tveganja Portfeljsko upravljanje kreditnega tveganja Legenda: Divizija Oddelek Enota Skupina Tehnična struktura Funkcijska linija poročanja UniCredit Bank · 2018 Letno poročilo 17 Predstavitev Banke in Skupine Poslovna mreža Sedež Poslovna enota in svetovalec za podjetja Poslovna enota Sedež Šmartinska 140 SI - 1000 Ljubljana Tel.: 01 5876 600 PE Ljubljana BTC Šmartinska 140 SI - 1000 Ljubljana Tel.: 01 5876 600 Agencija Ljubljana Bežigrad Dunajska cesta 47 SI - 1000 Ljubljana Tel.: 01 2528 430 PE Ljubljana Celovška Celovška 150 SI - 1000 Ljubljana Tel.: 01 5000 546 PE Ljubljana Rudnik Jurčkova cesta 231 SI - 1000 Ljubljana Tel.: 01 2836 000 PE Ljubljana Tržaška Tržaška 19 SI - 1000 Ljubljana Tel.: 01 2410 364 PE Ljubljana Wolfova Wolfova 1 SI - 1000 Ljubljana Tel.: 01 5876 472 PE Celje Prešernova 8 SI - 3000 Celje Tel.: 03 4252 479 PE Kamnik Ljubljanska cesta 4b SI - 1241 Kamnik Tel.: 01 8396 500 PE Koper Pristaniška 12 SI - 6000 Koper Tel.: 05 6101 010 PE Kranj Na skali 1 SI - 4000 Kranj Tel.: 04 2018 180 PE Krško Ulica 11. novembra 53 SI - 8273 Leskovec pri Krškem Tel.: 07 6006 070 18 2018 Letno poročilo · UniCredit Bank Agencija Lucija Obala 112 SI - 6320 Portorož Tel.: 05 6006 080 PE Maribor Ulica škofa Maksimilijana Držečnika 6 SI - 2000 Maribor Tel.: 02 2285 320 Agencija Maribor Magdalena Žolgarjeva ulica 19 SI - 2000 Maribor Tel.: 02 6005 650 PE Murska Sobota Trg zmage 5 SI - 9000 Murska Sobota Tel.: 02 5341 440 PE Nova Gorica Tolminskih puntarjev 2b SI - 5000 Nova Gorica Tel.: 05 3383 140 PE Novo mesto Glavni trg 20 SI - 8000 Novo mesto Tel.: 07 3737 400 PE Ptuj Ulica heroja Lacka 1 SI - 2250 Ptuj Tel.: 02 7980 340 PE Radovljica Gorenjska cesta 24 SI - 4240 Radovljica Tel.: 04 5971 630 Agencija Sežana Partizanska 37a SI - 6210 Sežana Tel.: 05 7314 589 Agencija Šenčur Poslovna cona A 2 SI - 4208 Šenčur pri Kranju Tel.: 04 6002 160 Agencija Šentjur Cesta Leona Dobrotinška 3 SI - 3230 Šentjur pri Celju Tel.: 03 6005 680 PE Trbovlje Ulica 1. junija 2 SI - 1420 Trbovlje Tel.: 03 5612 565 PE Velenje Šaleška 20a SI - 3320 Velenje Tel.: 03 8987 300 UniCredit Bank · 2018 Letno poročilo 19 Predstavitev Banke in Skupine Dogodki, ki so zaznamovali leto 2018 JANUAR Konferenca Euromoney na Dunaju Matična skupina UniCredit je bila eden glavnih sponzorjev že 23. konference Euromoney, ki združuje finančno elito regije SVE. Na povabilo UniCredit Banka Slovenija d.d. so se dogodka udeležili tudi izbrani predstavniki poslovne javnosti in medijev iz Slovenije. Agilno vodenje projektov Agilna metodologija dela, katere glavna prednost je bistveno krajši čas priprave produktov za uporabo, spreminja tradicionalno poslovanje. V UniCredit Banka Slovenija d.d. smo z mislijo na stranke ustanovili stalno delovno skupino, ki bo pri svojem delu osredotočena na digitalizacijo storitev s področja poslovanja s prebivalstvom. FEBRUAR Italijansko-slovenski forum UniCredit Banka Slovenija d.d. je sodelovala na šestem poslovnem srečanju, ki se ga vsako leto udeleži prek 120 poslovnežev in ostalih predstavnikov gospodarstva, znanosti, raziskav in razvoja ter drugih področij sodelovanja med obema državama. Tema tokratnega srečanja je bil vpliv znanosti in inovacij na gospodarsko rast in blaginjo. Neorealizem, nova podoba v Italiji 1932-1960 Banka je z donacijo podprla fotografsko razstavo, ki jo je gostila Narodna galerija v Ljubljani. Italijanski fotografi so v objektiv ujeli obdobje, ki ga je zaznamoval razpon med neizmerno revščino v začetnih letih po vojni in postopno ekonomsko rastjo italijanske družbe. APRIL Tradicionalni Finančni zajtrk Vidni predstavniki uspešnih slovenskih podjetij so razpravljali o tem, kako z uravnoteženimi gospodarskimi, družbenimi ter okoljevarstvenimi aktivnostmi podpreti razvoj gospodarstva, da bi vzpostavili pogoje in ustvarili priložnosti za gospodarski razcvet in boljši življenjski standard za nas in za prihodnje generacije. Brezplačna predstavitev rešitve financiranja obratnega kapitala Kot odgovor na vprašanje, kako v hitro rastočem gospodarskem okolju ter ob praksi dolgih plačilnih rokov zadostiti potrebi po obratnem kapitalu, smo v UniCredit Banka Slovenija d.d. razvili aplikacijo e-odkup terjatev. Za zainteresirana podjetja smo organizirali brezplačen izobraževalni dogodek, kjer so udeleženci iz prve roke slišali izkušnje naših strank, ki se aplikacije za e-odkup terjatev že poslužujejo. Selitev PE Ptuj Poslovalnica Ptuj se je ob 15. obletnici delovanja preselila v nove, svetlejše in večje poslovne prostore v središču Ptuja. 20 2018 Letno poročilo · UniCredit Bank MAJ Najboljša banka za skrbniške storitve v Sloveniji UniCredit Banka Slovenija d.d. je že peto leto zapored prejela priznanje finančne revije Global Finance za najboljšega ponudnika skrbniških storitev v Sloveniji. Matična skupina UniCredit pa je že deseto leto zapored prejela priznanje za svoje poslovanje na področju regije SVE. JUNIJ Zaključek sponzorstva UEFA Champions League Po desetih sezonah se je izteklo sponzorstvo matične skupine UniCredit za najbolj popularna mednarodna nogometna tekmovanja na klubski ravni, UEFA Champions League. AVGUST Zbirali šolske potrebščine za otroke iz socialno šibkih okolij Zaposleni v UniCredit Banka Slovenija d.d. smo pred začetkom novega šolskega leta tradicionalno zbirali šolske potrebščine za otroke iz socialno ogroženih družin pod okriljem Zveze prijateljev mladine Ljubljana Moste-Polje. Gostovanje Filharmoničnega orkestra milanske Scale Pod okriljem 66. Ljubljana Festivala je slovensko prestolnico obiskal Filharmonični orkester milanske Scale, katerega ponosni sponzor je matična skupina UniCredit. SEPTEMBER Managerski kongres K razvoju slovenskega managementa in konkurenčnosti gospodarstva je Banka prispevala s sponzorstvom Managerskega kongresa v organizaciji Združenja Manager. Dogodka v Portorožu se je udeležilo več kot 350 managerk in managerjev, ki so dokazali, da povezovanje vodi dlje. Izvozniki.si – projekt za promocijo slovenskega izvoza in izvoznikov Za Slovenijo je izvoz izrednega pomena in v UniCredit Banka Slovenija d.d. smo že 5. leto zapored eden izmed podpornikov projekta Izvozniki.si, ki ga izvaja časnik Finance. Odprli LinkedIn profil UniCredit Banka Slovenija d.d. je na LinkedIn-u - poslovno usmerjenem spletnem družbenem omrežju odprla svoj profil z namenom deljenja zgodb o uspehu, lansiranja digitalnih produktov, mreženja, objavljanja finančnih rezultatov in še več. NOVEMBER Finančni dnevi UniCredit Bank Jesen je tradicionalno čas za izobraževalno-družabni dogodek Finančni dnevi UniCredit Bank. Udeleženci tokratnega dogodka so prisluhnili predstavnikom uspešnih podjetij, ki so med drugim spregovorili o tem, kako se prilagajajo spremembam na trgu, kakšne spremembe uvajajo v lastno delovanje ter kako učinkovito širijo transformacijsko kulturo med zaposlenimi. DECEMBER Managerski koncert UniCredit Banka Slovenija je tudi v letu 2018 podprla managerski koncert, osrednjo donatorsko prireditev za nadarjene glasbenike, ki se ga že 26 let udeležujejo managerji najpomembnejših slovenskih podjetij, politiki in številni veleposlaniki. Pod taktirko dirigenta Georga Pehlivaniana so praznično vzdušje ustvarili Simfonični orkester RTV Slovenija ter solisti, trobentač Leon Pokeržnik, violinist Nikola Pajanović ter pianista Urban Stanič in Natalia Sokolovskaya. Novoletna donacija UniCredit Banka Slovenija d.d. je ob zaključku leta z novoletno donacijo razveselila program Botrstvo, društvo Rdeči noski ter Zavod Hospic Ljubljana in jim tako polepšala praznični čas in olajšala delovanje v letu 2019. UniCredit Bank · 2018 Letno poročilo 21 Predstavitev Banke in Skupine Izjava o ureditvi notranjega upravljanja Za doseganje visoke stopnje transparentnosti upravljanja ter na podlagi izjeme iz 2. točke petega odstavka 70. člena Zakona o gospodarskih družbah UniCredit Banka Slovenija d.d. kot del poslovnega dela letnega poročila podaja naslednjo IZJAVO O UREDITVI NOTRANJEGA UPRAVLJANJA UniCredit Banka Slovenija d.d. uresničuje ureditev notranjega upravljanja, vključno s korporativnim upravljanjem, skladno z zakonodajo, ki velja v Republiki Sloveniji, ob hkratnem upoštevanju svojih internih aktov. Pri tem UniCredit Banka Slovenija d.d. v celoti upošteva akte iz drugega odstavka 9. člena Zakona o bančništvu1. Z namenom krepitve ureditve notranjega upravljanja pri svojem poslovanju zlasti upoštevamo: 1. določbe veljavnega Zakona o bančništvu, ki opredeljujejo ureditev notranjega upravljanja, zlasti določbe poglavja 3.4 (Sistem upravljanja banke), ter poglavja 6 (Ureditev notranjega upravljanja in ustrezni notranji kapital), v delu zahtev, ki veljajo za banko/hranilnico ali za člane upravljalnega organa; 2. Sklep o ureditvi notranjega upravljanja, upravljalnem organu in procesu ocenjevanja ustreznega notranjega kapitala za banke in hranilnice2 in; 3. Smernice organa EBA, ki urejajo notranje upravljanje, ocenjevanje primernosti članov upravljalnega organa in nosilcev ključnih funkcij ter politike in prakse prejemkov, na podlagi ustreznih sklepov Banke Slovenije o uporabi teh smernic3. Hkrati si v čim večji možni meri prizadevamo upoštevati tudi neobvezujoča priporočila iz pisma Banke Slovenije (oznaka 38.200288/15-TR z dne 23. 10. 2015). UniCredit Banka Slovenija d.d. ima v zvezi z zastopanostjo v organih vodenja ali nadzora družbe implementirano Globalno politiko o enakosti spolov skupine UniCredit, ki opredeljuje načela in smernice postopkov in praks na področju človeških virov, ki spodbujajo načrtovanje po spolih uravnotežene vodstvene strukture. Pojasnila v skladu z Zakonom o gospodarskih družbah Banka na osnovi 5. odstavka 70. člena ZGD-1, ki določa minimalne vsebine izjave o upravljanju, podaja naslednja pojasnila: a) Opis glavnih značilnosti sistemov notranjih kontrol in upravljanja tveganj v družbi v povezavi s postopkom računovodskega poročanja Notranje kontrole zagotavljajo ustrezno obvladovanje tveganj, računovodstva, notranje in zunanje finančno-računovodsko poročanje ter zakonito in poslovno-etično neoporečno delovanje banke. Notranje kontrole so vzpostavljene v procesih in organizacijskih enotah na vseh organizacijskih ravneh poslovanja Banke in Skupine. Banka spoštuje določbe Zakona o gospodarskih družbah in Zakona o bančništvu, ki med drugim določa, da je banka dolžna vzpostaviti učinkovit sistem notranjih kontrol in upravljanja tveganj vzpostavljenih na vseh ravneh organizacijske strukture banke. Področne predpise s tega področja izdaja tudi Banka Slovenije kot nadzorni organ bank. Banka sledi objavljenim zakonskim predpisom in jih upošteva. Banka zagotavlja, da so poslovni cilji, strategije in politike Banke ustrezno usklajeni s strategijo in politikami za ugotavljanje, merjenje oziroma ocenjevanje, obvladovanje in spremljanje tveganj, ki jim je ali bi jim lahko bila izpostavljena pri svojem poslovanju. Poslovanje ima organizirano tako, da tekoče in sistematično vodi poslovne knjige, poslovno dokumentacijo in druge administrativne evidence, tako da je mogoče kadar koli preveriti, ali posluje v skladu s pravili o upravljanju s tveganji. Skladnost sistema notranjih kontrol in upravljanja s tveganji z bančnimi pravili v Banki vsako leto presoja zunanja revizija, ki revidira letno poročilo Banke. Banka je vzpostavila in vzdržuje več-nivojski sistem notranjih kontrol, sestavljen iz dnevnih / operativnih kontrol ter periodičnih kontrol, kamor uvrščamo stalni in vodstveni nadzor. Nadzorni svet Banke daje, skladno z dvotirnim sistemom upravljanja Banke, med drugim soglasje k organizaciji sistema notranjih kontrol in okvirnemu letnemu programu dela notranje revizije. Z vzpostavljenimi kontrolami Banka zmanjšuje tveganja neustreznega ali napačnega računovodskega poročanja. Banka redno spremlja in ocenjuje kontrolni proces ter kontrolne mehanizme. 1 2 3 Zakon o bančništvu (Uradni list RS, št. 25/15, 44/16 – ZRPPB, 77/16 – ZCKR in 41/17) Sklep o ureditvi notranjega upravljanja, upravljalnem organu in procesu ocenjevanja ustreznega notranjega kapitala za banke in hranilnice (Uradni list RS, št. 73/15, 49/16, 68/17, 33/18 in 81/18); https://www.bsi.si/en/financial-stability/regulation/seznam-predpisov/ureditev-notranjega-upravljanja 22 2018 Letno poročilo · UniCredit Bank Tveganja na področju računovodskega poročanja se obvladujejo z ustreznim sistemom pooblastil, razmejitvijo dolžnosti, upoštevanjem računovodskih pravil, dokumentiranjem vseh poslovnih dogodkov, sistemom skrbništva, knjiženjem na dan poslovnega dogodka, vgrajenimi kontrolnimi mehanizmi v varnih aplikacijah ter arhiviranjem skladno z zakonodajo in internimi pravilniki. Interna računovodska politika natančno opredeljuje primarno računovodsko kontroliranje, ki se v največji meri izvaja v analitičnih knjigovodstvih ter sekundarno računovodsko kontroliranje, katerega namen je preverjanje učinkovitosti izvajanja primarnih računovodskih kontrol. Z učinkovitim kontrolnim mehanizmom na področju računovodskega poročanja banka zagotavlja: • zanesljiv sistem za podporo poslovanju in odločanju, • pravilne, popolne in pravočasne računovodske podatke ter posledično računovodska in druga poročila Banke, • skladnost z zakonskimi predpisi Interne kontrole se izvajajo na treh nivojih. Prvonivojske kontrole potekajo v prodajnih in/ali zalednih službah, kjer knjižbe nastajajo. Pravilnost knjižb se zagotavlja vsakodnevno s principom štirih oči, ki je integriran v procese. Drugonivojske kontrole se izvajajo v enoti Računovodstvo. Preko kontrolnih mehanizmov se dnevno usklajujejo glavna knjiga in pomožne knjige ter tudi sama računovodska pravilnost knjižb. Na mesečnem nivoju se spremlja dodatno še stanje postavk na prehodnih računih (starost postavk, razlogi zanje, predvideni ukrepi). Sama vsebina računovodskega poročanja je predpisana v Računovodski politiki Banke kakor tudi v Računovodski politiki Skupine. Postopki računovodskega poročanja so popisani v Saving Law procesih, katerih namen je ravno zagotavljanje pravilnosti poročanja. Saving Law procesi popisujejo procese, opredeljujejo kontrole in njihovo pogostnost za vsak posamezen proces ter določajo način testiranja kontrol. Izvajanje kontrol je polletno, zahtevano je dokazovanje izvajanja kontrol. Notranja revizija izvaja revizijske preglede procesa računovodskega poročanja na podlagi ocene tveganja in skladno z metodologijo revidiranja matične skupine UniCredit. b) Podatki iz 3., 4., 6., in 9. točke šestega odstavka 70. člena ZGD-1 Osnovni kapital Banke znaša 20.383.764,81 EUR in je razdeljen na 4.888.193 navadnih imenskih kosovnih delnic z enakim deležem in pripadajočim zneskom v osnovnem kapitalu in sicer a) 1.300.000 kosovnih delnic z oznako BAS7R; b) 1.200.280 kosovnih delnic z oznako BAS6R; c) 2.210.693 kosovnih delnic z oznako BAS1R in d) 177.220 kosovnih delnic z oznako BASR. Vsaka kosovna delnica zagotavlja njenemu imetniku pravico do enega glasu pri sprejemanju sklepov na skupščini Banke, pravico do dela dobička (dividende) in pravico do ustreznega dela preostalega premoženja po likvidaciji ali stečaju Banke. Delničarji imajo v skladu z ZGD-1 prednostno pravico do vpisa novih delnic v sorazmerju z njihovimi deleži v osnovnem kapitalu. Za prenos delnic je potrebno predhodno dovoljenje nadzornega sveta Banke. Omejitev prenosa ne velja za delnice z oznako BAS1R. UniCredit S.p.A., je edini delničar Banke in je imetnik 4.888.177 navadnih imenskih kosovnih delnic z glasovalno pravico oziroma imetnik 100-odstotnega deleža delnic z glasovalno pravico. Omejitve glasovalnih pravic delničarjev ni. Pogoj za udeležbo in uresničevanje glasovalne pravice je prijava delničarja na skupščino najpozneje do konca četrtega dne pred sejo skupščino. Na skupščini daje vsaka delnica delničarju en glas. Skupščina Banke odloča o imenovanju in zamenjavi članov nadzornega sveta (navadna večina oziroma v primeru odpoklica pred iztekom mandata najmanj tričetrtinska večina oddanih glasov) in o spremembi statuta (tričetrtinska večina). O imenovanju in zamenjavi članov uprave odloča nadzorni svet Banke z navadno večino. c) Delovanje skupščine in njene ključne pristojnosti ter opis pravic delničarjev in način njihovega uveljavljanja pravic Skupščina je najvišji organ družbe, ki ima vse pristojnosti, kot izhajajo iz veljavne zakonodaje in statuta družbe. Skupščino Banke sestavljajo vsi delničarji Banke. Skupščina Banke odloča o: • sprejemu letnega poročila v primerih določenih z zakonom, • uporabi bilančnega dobička, • imenovanju in odpoklicu članov nadzornega sveta, • podelitvi razrešnice članom uprave in nadzornega sveta, • spremembah statuta, • ukrepih za povečanje in zmanjšanje kapitala, • prenehanju Banke in statusnem preoblikovanju, • imenovanju revizorja, • planu razvoja in temeljih poslovne politike, • prejemkih članov nadzornega sveta, • poslovnem sedežu Banke, • drugih zadevah, če je tako določeno s statutom ali zakonom. Skupščino Banke je potrebno sklicati v primerih določenih z zakonom ali statutom in takrat, kadar je to v korist Banke. Skupščino Banke praviloma skliče uprava Banke. Letna skupščina Banke se sklicuje najmanj enkrat letno, najkasneje v štirih mesecih po poteku poslovnega leta. Skupščina Banke poteka praviloma v kraju sedeža Banke. Sklic Skupščine Banke mora biti objavljen na spletni strani Agencije Republike Slovenije za javnopravne evidence in storitve (AJPES), ter na spletni strani Banke. Uprava je dolžna ob sklicu objaviti dnevni red zasedanja skupščine. Predlogi sklepov so oblikovani jasno in nedvoumno in delničarjem omogočajo oceno vpliva na njihove pravice. Delničarjem so zagotovljene tudi ostale pravice v skladu z določili ZGD-1 in Statutom banke – pravica do udeležbe pri UniCredit Bank · 2018 Letno poročilo 23 Predstavitev Banke in Skupine Izjava o ureditvi notranjega upravljanja upravljanju banke, do dela dobička in do ustreznega dela preostalega premoženja po prenehanju banke. S podpisom te izjave se zavezujemo k nadaljnjemu proaktivnemu delovanju za krepitev in promocijo ustrezne ureditve notranjega upravljanja in korporativne integritete v širši strokovni, finančni, gospodarski in drugi javnosti. Ljubljana, 1. marec 2019 Marco Lotteri Predsednik nadzornega sveta Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave 24 2018 Letno poročilo · UniCredit Bank Poslovno poročilo Gospodarsko okolje v letu 2018 V letu 2018 je slovensko gospodarstvo še naprej beležilo močno rast, stopnja rasti pa je bila vendarle nekoliko nižja kot v letu 2017. Rast BDP je po ocenah znašala 4,3 % v primerjavi s 4,9 % v letu 2017. K rasti so največ prispevali trije dejavniki: močna rast bruto naložb v osnovna sredstva, relativno trdna rast zasebne potrošnje in neto izvoz. Pričakovati je, da se bo rast BDP v letu 2019 upočasnila na 3,0 %, predvsem zaradi pričakovane upočasnitve rasti globalne trgovine in gospodarske rasti pri glavnih trgovinskih partnerjih, kar bo najverjetneje vplivalo na slovenski izvoz. Rast zasebne potrošnje bo verjetno ostala stabilna, saj se bo še naprej izboljševalo stanje na trgu dela, predvsem z višanjem stopnje zaposlenosti, nižanjem stopnje brezposelnosti in stalno rastjo plač. Stopnja rasti naložb, ki je v letu 2018 znašala 10 %, se bo verjetno upočasnila na še vedno solidno stopnjo 7,5 %, pri čemer bo podprta s povečanim črpanjem sredstev iz EU skladov in naložbami v gradbeništvo. V letu 2020 bo pričakovana upočasnitev rasti glavnih trgovinskih partnerjev predvidoma potisnila rast BDP pod potencialno na okoli 2 %, predvsem zaradi nižje stopnje izvoza in naložb, medtem ko bo zasebna potrošnja verjetno odpornejša. Decembra 2018 se je inflacija na letni ravni upočasnila na 1,4 %, kar je predvsem posledica nižjega prispevka iz cen goriva. Pričakovati je, da bo inflacijski pritisk ostal nizek, inflacija pa bo verjetno ostala pod 2 %. Stanje v bančnem sektorju se je v letu 2018 še naprej izboljševalo. Dobiček pred obdavčitvijo za bančni sektor je po ocenah centralne banke znašal 502 milijona EUR v prvih enajstih mesecih leta 2018, kar je za 18 % več kot v preteklem letu. Delež nedonosnih izpostavljenosti (NPE) se je še naprej zmanjševal in novembra dosegel 4,2 %. Za nefinančne družbe delež NPE ostaja na visoki ravni (8-9 %). Posojila gospodinjstvom so večino leta ostajala na ravni okoli 7 % na letni ravni, medtem ko se je posojanje nefinančnim družbam umirilo (okoli 2,5 %-3 % na medletni ravni v letu 2018). Okolje nizkih obrestnih mer ostaja še naprej izziv za donosnost bančnega sektorja. Leto 2018 je prineslo velik napredek pri privatizaciji večjih državnih bank. Upravljavec državnega premoženja je prodal 59,1 % Nove Ljubljanske Banke, največje banke v Sloveniji. V letu 2019 je v skladu z zavezo Evropski komisiji načrtovana prodaja nadaljnjih 16 %. Fiskalna slika se je v letu 2018 še naprej izboljševala zaradi ugodnih cikličnih razmer in zmanjšanja odhodkov od obresti. Fiskalni saldo je po uravnoteženem proračunu leta 2017 ocenjen na 0,5 % BDP, javni dolg kot odstotek BDP pa naj bi se leta 2018 še dodatno znižal na 70,2 %. Stanje se bo najverjetneje izboljšalo, pri čemer se bo delež javnega dolga predvidoma še naprej zniževal. Največje tveganje za kratkoročne fiskalne obete predstavljajo potencialni pritiski na rast izdatkov in nižji prihodki glede na pričakovano počasnejšo gospodarsko rast. Vir: Banka Slovenije, UMAR, UniCredit Economics & FI/FX Research Opomba: Napovedi UniCredit Research CEE Quarterly 1Q19 UniCredit Bank · 2018 Letno poročilo 25 Poudarki UniCredit je enostavna, uspešna, vseevropska komercialna banka, s povsem integriranim poslovanjem s podjetji in investicijskim bančništvom (CIB), ki svoji obsežni bazi 26 milijonov strank omogoča dostop do edinstvene poslovne mreže v zahodni, srednji in vzhodni Evropi. UniCredit ponuja tako lokalno kot mednarodno strokovno znanje in svojim strankam zagotavlja edinstven dostop do vodilnih bank na svojih 14 ključnih trgih ter v 18 državah drugod po svetu. Evropska bančna mreža matične skupine UniCredit pokriva Italijo, Nemčijo, Avstrijo, Bosno in Hercegovino, Bolgarijo, Hrvaško, Češko, Madžarsko, Romunijo, Rusijo, Srbijo, Slovaško, Slovenijo in Turčijo. Finančni poudarki1 Prihodek iz poslovanja 19.723 mio EUR Skupna sredstva 831.469 mio EUR Čisti dobiček (izguba) 3.892 mio EUR Količnik temeljnega kapitala Tier 1* 12,07 % Kapital 55.841 mio EUR Prihodki1 (%) 8 13 Komercialno bančništvo Italija 3 Divizija SVE po poslovnih področjih 36 19 po regijah Komercialno bančništvo Nemčija 1. Podatki na dan 31. december 2018 * Polno obremenjen količnik CET1. 2018 Letno poročilo · UniCredit Bank Zbiranje sredstev Nemčija SVE 20 Komercialno bančništvo Avstrija 21 26 Poslovanje s podjetji in investicijsko bančništvo Italija 10 21 49 Avstrija Vseevropska zmagovalka Evropske banke morajo ostati tudi v prihodnje osredotočene na svoje stranke in podpirati evropska podjetja, ki si prizadevajo za mednarodno rast. Pri zagotavljanju učinkovitih produktov po najugodnejši ceni sta pomembna tako doseg kot obseg poslovanja. UniCredit je uspešna vseevropska bančna skupina. Svojim 26 milijonom strank na 14 ključnih trgih zagotavljamo najboljše produkte in storitve in se odzivamo na njihove konkretne potrebe. Naš geografsko raznolik doseg zagotavlja visoko stopnjo varnosti vsem našim delničarjem, strankam in sodelavcem. Naš strateški pristop “Ena banka, ena UniCredit” združuje centralno vodenje z lokalno implementacijo in poskrbi za to, da naša Skupina ohranja status vseevropske zmagovalke. Dosežki v letu 2018 Ustanova Top Employers Institute (Naj delodajalci): Nagrada Top Employer Europe (Naj delodajalec v Evropi) 2018 Nagrado smo prejeli po zaslugi lokalnih certifikatov, dodeljenih v Bolgariji, na Hrvaškem, v Nemčiji, Italiji in Rusiji Bank of the Year 2018 Bank of the Year 2018 • The Banker: Banka leta v Italiji 2018 • The Banker: Banka leta v Bosni 2018 Euromoney: Anketa o trgovinskem financiranju 2019 1. mesto v 28 kategorijah Najboljši globalni ponudnik storitev za: “Vse storitve”, “Svetovanje”, “Financiranje/plačila”, “Celotna izvedba” in “Produkti” TRADE FINANCE Digitalna partnerstva Ključna transakcijska partnerstva Digitalne inovacije za stranke • • • • • Alexa v Avstriji, ki omogoča uporabo bančnih storitev glasovnega pomočnika Amazon Apple Pay Samsung Pay Alipay Google Pay • U-days v Italiji, z namenom promoviranja poznavanja digitalnih plačil in aplikacij za plačila: Apple Pay, Samsung Pay, Alipay, Google Pay UniCredit Bank · 2018 Letno poročilo 27 Rast poslovanja Pozitivna splošna finančna uspešnost je odraz napredka pri krepitvi Skupine s strateškimi poslovnimi pobudami in osredotočenostjo na digitalizacijo in poenostavitev procesov, pri čemer se opiramo na najboljše prakse v celotni Skupini. Vse našteto že kaže rezultate v obliki precejšnje stopnje rasti. Bančna industrija se bo še naprej razvijala, v skupini UniCredit pa se bomo tudi v prihodnje osredotočali na spreminjajoče se potrebe naših strank, s čimer bomo zagotovili trajnost poslovanja v prihodnosti. V skupini UniCredit gradnja banke prihodnosti pomeni: • stalno osredotočenost na zadovoljstvo strank in kakovost storitev • stalno pregledovanje procesov s ciljem izboljšanja uporabniške izkušnje in optimizacije stroškov, s poudarkom na obvladovanju tveganj • nadaljnjo rast prihodkov Ključna metrika kakovosti sredstev 2017 28 2018 2019 Razmerje med stroški in prihodki 56,9 % 54,2 % 52-53 % Količnik bruto slabih izpostavljenosti na ravni matične skupine 10,33 % 7,67 % 7,5 % Prihodki 19,9 % 19,7 % 19,8 % 2018 Letno poročilo · UniCredit Bank Mejniki načrta Transformacija 2019 Z našim strateškim načrtom Transformacija 2019 gradimo banko prihodnosti. Naša strategija je jasna in dolgoročna: smo ena banka, ena UniCredit: enostavna, uspešna vseevropska komercialna banka, s povsem integriranim poslovanjem s podjetji in investicijskim bančništvom (CIB), ki svoji obsežni bazi strank omogoča dostop do edinstvene zahodno-, srednjein vzhodnoevropske mreže. Smo in ostajamo vseevropska zmagovalka. 2018 Izboljšanje kakovosti sredstev 7. 2. PROJEKT FINO Zaključek končne faze projekta Fino Vzpostavitev vitkega korporativnega centra Preoblikovanje poslovnega modela Okrepitev in optimizacija kapitala Povečanje komercialne vrednosti banke 13. 4. KORPORATIVNO UPRAVLJANJE Imenovanje novega predsednika (Fabrizio Saccomanni) na podlagi seznama kandidatov, ki ga je predstavil upravni odbor 23. 5. GLAVNI DIREKTOR ZA PREOBLIKOVANJE SKUPINE Imenovanje glavnega direktorja za preoblikovanje Skupine (Finja Carolin Kütz) 2. 11. STRESNI TEST EBA 31. 12. Rezultati stresnega testa EBA: tretje najvišje razmerje CET1 med sistemskimi bankami v območju evra PRIDOBIVANJE NOVIH STRANK Pridobili smo več kot 1,9 milijona bruto novih strank Transformacija 2019 UniCredit Bank · 2018 Letno poročilo 29 Poslovno poročilo Finančni rezultati Finančni rezultati Banke Izkaz vseobsegajočega donosa za leto 2018 V letu 2018 je Banka zabeležila 24,9 milijona evrov dobička pred obdavčitvijo. Čisti dobiček po obdavčitvi je znašal 20,6 milijona evrov (leta 2017: 38,3 milijona evrov), drugi vseobsegajoči donos je izkazoval izgubo v višini 9,5 milijona evrov po obdavčitvi (leta 2017: dobiček v višini 7,0 milijona evrov). V letu 2018 je Banka v primerjavi z letom 2017 zabeležila rast dobičkov iz naslova odprave pripoznanja kreditov in obveznic, obračunavanja varovanj pred tveganji ter čistih prihodkov iz obresti. Čisti prihodki Banke od obresti so dosegli 45,2 milijona evrov, kar predstavlja porast za 1,9 milijona evrov (oziroma za 4,4 %) v primerjavi s preteklim letom. Prihodki od obresti so tokrat porasli, odhodki pa padli. V trenutnih tržnih razmerah je Banka je prejela 22,8 milijona evrov čistih opravnin, kar predstavlja padec v višini 1,4 milijona evrov oziroma 5,7 % v primerjavi z letom poprej. Vse kategorije opravnin ohranjajo stabilno raven, opaznejši je le padec opravnin iz poslov z vrednostnimi papirji za 0,8 milijona evrov, kar je 11 % na letni ravni. Realizirani čisti dobički v postavki “Realizirani dobički in izgube iz finančnih sredstev in obveznosti, ki niso merjeni po pošteni vrednosti skozi izkaz poslovnega izida” so znašali 4,8 milijona evrov (leta 2017: 0,2 milijona evrov). Znesek je višji kot preteklo leto, saj je Banka dosegla čiste dobičke s prodajo vrednostnih papirjev, merjenih po pošteni vrednosti prek vseobsegajočega donosa, v višini 1,6 milijona evrov ter s prodajo kreditov v višini 3,1 milijona evrov, preteklo leto pa so dobičke skorajda izničile izgube iz finančnih obveznosti. V letu 2018 je Banka ustvarila dobiček iz trgovanja vključno s tečajnimi razlikami v višini 3,1 milijona evrov (v letu 2017: dobiček v višini 4,1 milijona evrov). Na postavkah »Čisti dobički / izgube iz finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje« ter »Čisti dobički / izgube iz finančnih sredstev in obveznosti, določenih za merjenje po pošteni vrednosti prek poslovnega izida«, ki sta novost po uvedbi MSRP 9, je Banka ustvarila 0,4 milijona evrov dobička. Večina, 0,3 milijona evrov, izvira iz naložb v lastniški finančni instrument, ki je bil v predhodnem letu pripoznan v postavki »Finančna sredstva, razpoložljiva za prodajo«, torej so bile spremembe njegove poštene vrednosti evidentirane v drugem vseobsegajočem donosu. V letu 2018 je postavka “Spremembe poštene vrednosti pri obračunavanju varovanj pred tveganji” prinesla 0,1 milijona evrov dobička (v letu 2017: izguba v višini 5,7 milijona evrov). S skrbnim upravljanjem administrativnih stroškov je Banka v letu 2018 le-te znižala za 0,6 milijona evrov in so skupaj znašali 36,2 milijona evrov (v letu 2017: 36,9 milijona evrov). Največji relativni in absolutni padec je bil zabeležen pri stroških svetovalnih storitev, največji absolutni porast pa pri stroških vzdrževanja informacijskega sistema. Stroški amortizacije so v letu 2018 ostali na skorajda nespremenjeni ravni, in sicer 5,1 milijona evrov (v letu 2017: 5,2 milijona evrov). Banka je oblikovala rezervacije v skupni višini 8,8 milijona evrov (v letu 2017: 4,7 milijona evrov). Za svoje zunajbilančno poslovanje je oblikovala rezervacije v višini 2,5 milijona evrov (v letu 2017 je oblikovala 2,8 milijona evrov, ob prehodu na MSRP 9 pa je sprostila 2,7 milijona evrov), za pravno Realizirani dobički in izgube iz kreditov, vrednostnih papirjev in finančnih obveznosti 40,0 0 30 2018 (2,0) 2018 Letno poročilo · UniCredit Bank 1,6 mio 2017 2018 2018 (2,2 mio) (1,0) 0 30,0 20,0 (2,0) 2017 0 2017 1,3 mio 20,6 mio 1,0 1,1 mio 1,5 20,0 10,0 2,0 (4,0) (5,7 mio) 38,3 mio 30,0 2,0 0,1 mio 40,0 41,3 mio 2,5 STROŠKI SKUPAJ 42,0 mio 3.0 3,1 mio ČISTI DOBIČEK po obdavčitvi Spremembe poštene vrednosti pri obračunavanju varovanj pred tveganji Krediti Vrednostni papirji Obveznosti 10,0 0 (6,0) 2017 2018 nerešene tožbe pa rezervacije v znesku 5,1 milijona evrov (v letu 2017: 1,9 milijona evrov). Banka je oblikovala 0,8 milijona evrov oslabitev za kredite (v letu 2017 je sprostila 29,0 milijona evrov ter z uvedbo MSRP 9 oblikovala 2,2 milijona evrov). V letu 2018 je obseg slabih kreditov, tako kot v preteklih letih, nadaljeval trend zmanjševanja, in sicer iz 106,6 milijona evrov na 76,1 milijona evrov kreditov po odplačni vrednosti ter 5,7 milijona evrov kreditov po pošteni vrednosti prek poslovnega izida. V okviru postavke »Drugi vseobsegajoči donos« je Banka pripoznala 9,5 milijona evrov izgube po obdavčitvi. Zmanjšanje čistega donosa v višini 1,6 milijona evrov je posledica prenosa realiziranih dobičkov v izkaz poslovnega izida. Padec v višini okoli 7 milijonov evrov je posledica zvišanja kreditnih razmikov obveznic Republike Slovenije. evrov, od tega 385,4 milijona evrov v dolžniških, preostalih 22,9 milijona evrov pa v lastniških instrumentih. Delež obveznic Republike Slovenije v dolžniških vrednostnih papirjih se je v letu 2018 znižal zaradi nakupov tujih državnih obveznic, in sicer na 85 %. Nakupi obveznic so tekom leta za neto 21,4 milijona evrov presegli prodaje, spremembe poštene vrednosti pa so skrčile njihovo vrednost za 9,0 milijona evrov. Banka je v letu 2018 z izvedenimi finančnimi instrumenti za varovanje poštene vrednosti pričela varovati tudi obveznosti. Spremembe poštene vrednosti skupine varovanih obveznosti pred obrestnim tveganjem so znašale konec leta 2018 3,9 milijona evrov obveznosti. Z varovanja denarnih tokov Banka postopoma prehaja na varovanje poštene vrednosti, kar se odraža tudi v strukturi njihovih pozitivnih in negativnih poštenih vrednosti. Krediti po odplačni vrednosti in pošteni vrednosti prek poslovnega izida skupaj so v primerjavi s koncem leta 2017 porasli za 114,5 milijona evrov. Njihov skupen obseg se približuje dvema milijardama, natančneje znašajo 1.967,3 milijona evrov. Izkaz finančnega položaja za leto 2018 UniCredit Banka Slovenija d.d. je v letu 2018 ohranila stabilno raven svoje bilančne vsote. Slednja se je znižala za 50,4 milijona evrov in konec leta znašala 2.655,5 milijona evrov. Banka izkazuje terjatev za tekoči davek v višini 1,4 milijona evrov, saj je med letom plačala več akontacij kot znaša davčna obveznost za leto 2018. Obseg finančnih sredstev, namenjenih trgovanju, je bil konec leta 2018 sestavljen izključno iz pozitivne poštene vrednosti izvedenih finančnih instrumentov. Povečal se je za 1,7 milijona evrov ter znašal konec leta 8,6 milijona evrov (ob koncu leta 2017: 6,9 milijona evrov). Banka ima zaprte trgovalne pozicije, zato je padec sorazmerno enak padcu finančnih obveznosti, namenjenih trgovanju, ki predstavljajo negativno pošteno vrednost izvedenih finančnih instrumentov za trgovanje. Te so znašale 9,2 milijona evrov ob koncu leta 2018 in 7,1 milijona evrov ob koncu leta 2017. Zaradi koriščenja prenesene davčne izgube iz preteklih let v višini 12,1 milijona evrov so se terjatve iz tega naslova znižale za 2,3 milijona evrov. Terjatve za odloženi davek so bile konec leta 2018, enako kot predhodno leto, nižje od obveznosti za odloženi davek, zato Banka odloženi davek izkazuje med obveznostmi. Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa, so ob koncu leta 2018 dosegla 408,4 milijona Banka je dobro kapitalizirana in izkazuje količnik kapitalske ustreznosti v višini 16,34 %. 2.000 20,0 0 31. 12. 2017 31. 12. 2018 18.174 9.703 10.000 4.000 0 5.000 4.948 40,0 6.000 15.000 7.740 60,0 3.594 81,8 mio 8.000 Varovanje poštene vrednosti Varovanje denarnih tokov 20.000 263 106,6 mio 80,0 Varovanje poštene vrednosti Varovanje denarnih tokov 10.000 1.001 120,0 Izvedeni finančni instrumenti, namenjeni varovanju - obveznosti 18.993 Izvedeni finančni instrumenti, namenjeni varovanju - sredstva SLABI KREDITI 100,0 Finančne obveznosti, merjene po odplačni vrednosti, so se v letu 2018 malenkostno znižale in so ob koncu leta 2018 znašale 2.341,9 milijona evrov. 31. 12. 2017 31. 12. 2018 0 31. 12. 2017 31. 12. 2018 UniCredit Bank · 2018 Letno poročilo 31 Poslovno poročilo Finančni rezultati Finančni rezultati Skupine Dogodki po datumu poročanja Izkaz vseobsegajočega donosa za leto 2018 Banka in Skupina po datumu poročanju nista zaznali pomembnejših poslovnih dogodkov, ki bi vplivali na računovodske izkaze Banke in Skupine za leto 2018 ali ki bi zahtevali dodatna razkritja v teh računovodskih izkazih. Družba UniCredit Leasing d.o.o. je v letu 2018 zabeležila dobiček po obdavčitvi v višini 2,9 milijona evrov. Čisti dobiček Skupine za leto 2018 je znašal 23,4 milijona evrov (v letu 2017: 36,2 milijona evrov). Odvisna družba je k dobičku Skupine prispevala 4,5 milijona evrov čistih prihodkov od obresti, kar je milijon več kot leto poprej, in 0,1 milijona evrov odhodkov iz čistih provizij. Pri postavki “Drugi čisti poslovni dobički” je zabeležen čisti dobiček iz naslova najemnih poslov v višini 0,9 milijona evrov (leta 2017: 1,2 milijona evrov). Padec prihodkov iz najemnin in porast prihodkov od obresti kaže na strukturni premik s poslovnega v prid finančnemu najemu. Administrativni stroški Skupine so za 1,1 milijona evrov višji, amortizacija pa za 0,7 milijona evrov višja v primerjavi z administrativnimi stroški in amortizacijo Banke. Oslabitve za kredite (večinoma za finančne najeme) so bile sproščene v višini 0,9 milijona evrov (leta 2017: oblikovane v višini 5,6 milijona evrov). Izkaz finančnega položaja za leto 2018 V letu 2018 je bilančna vsota družbe UniCredit Leasing d.o.o. nadaljevala rast iz preteklega obdobja, porasla je kar za 11 % ter konec leta znašala 219,2 milijona evrov (ob koncu leta 2017: 197,8 milijona evrov) Če izključimo medsebojne postavke, je bilančna vsota Skupine višja od bilančne vsote Banke za 52,9 milijona evrov. Posojila so v izkazu Skupine za 42,7 milijona evrov višja od posojil v izkazu Banke. Opredmetena sredstva, ki so v družbi UniCredit Leasing d.o.o. skoraj v celoti predmet poslovnega najema, so v izkazu Skupine višja za 3,8 milijona evrov. Med obveznostmi Skupine je glavni dodatek k obveznostim Banke postavka “Krediti bank” v višini 32,0 milijona evrov in kapital v višini 20,0 milijona evrov. Na dan 31. december 2018 Skupina izkazuje količnik kapitalske ustreznosti v višini 17,36 %. 32 2018 Letno poročilo · UniCredit Bank Banka za vse, kar vam je pomembno. Zavezani smo ustvarjanju oprijemljive dodane vrednosti za naše stranke, zaposlene in vlagatelje, z zagotavljanjem resničnih rešitev za dejanske potrebe. Vse, kar delamo, temelji na etiki in spoštovanju. UniCredit Bank · 2018 Letno poročilo 33 Poslovno poročilo Poslovanje banke na različnih segmentih Poslovanje s prebivalstvom in malimi podjetji SEGMENTI IN PRODUKTI Poslovanja s prebivalstvom Poslovanje s prebivalstvom in malimi podjetji je pomemben steber poslovanja UniCredit Banka Slovenija d.d. Zadovoljstvo in zvestoba naših strank sta v središču prizadevanj, s pomočjo katerih iščemo nove in boljše rešitve zanje. Na področju nepremičninskih in potrošniških kreditov je Banka v letu 2018 potrdila svoj močan položaj na slovenskem trgu. Stranke 74.127 Krediti (mio EUR) 805.599 Depoziti (mio EUR) 752.243 V letu 2018 je tako volumen vseh novo odobrenih nepremičninskih kreditov znašal 104.218 tisoč EUR, kar predstavlja rahel porast v primerjavi z letom 2017. Volumen vseh nepremičninskih kreditov konec leta 2018 tako znaša 651.035 tisoč EUR in je za dobrih 5 % večji kot leto prej. Občutno rast beležimo pri potrošniških kreditih, in sicer za 36 %. V letu 2018 je tako znašal obseg vseh novo odobrenih potrošniških kreditov 35.745 tisoč EUR, medtem ko je obseg vseh potrošniških kreditov konec leta 2018 znašal 92.213 tisoč EUR. Obseg novo odobrenih limitov na transakcijskih računih je v letu 2018 znašal 12.541 tisoč EUR. Pri plačilnih in kreditnih karticah znaša obseg novo odobrenih kartic v letu 2018 2.594 tisoč EUR, medtem ko je ob koncu leta 2018 znašal obseg vseh plačilnih in kreditnih kartic 10.260 tisoč EUR. V letu 2018 smo uvedli nepremičninski kredit s fiksno obrestno mero z dobo odplačila do 360 mesecev. Na ta način se želimo približati predvsem tistim strankam, ki prvič rešujejo stanovanjski problem in jim kreditiranje z daljšo dobo predstavlja veliko dodano vrednost pri odločitvi za kredit. Pri kartičnem poslovanju smo v letu 2018 nadgradili obstoječo plačilno kartico Mastercard, ki odslej omogoča plačevanje na do 24 obrokov, medtem ko je bilo prej maksimalno število obrokov 12. Uporaba te nove možnosti je enostavna in uporabniku prijazna, saj poteka tako, da stranka preko odgovora na sporočilo, ki ga prejme na mobilni telefon, izbere želeno število obrokov. 34 2018 Letno poročilo · UniCredit Bank Ekskluzivno sodelovanje z Allianz zavarovalnico V letu 2018 smo v sodelovanju z Allianz zavarovalnico pričeli s trženjem ekskluzivne ponudbe premoženjskih zavarovanj. S tem smo obogatili našo bančno ponudbo, tako da strankam ponujamo celovito finančno rešitev na enem mestu. V želji, da bi uporabnikom olajšali dostop do naših produktov in storitev, smo v letu 2018 večjo pozornost posvetili prilagojeni ponudbi produktov in optimizaciji procesov odpiranja transakcijskega računa, tako da je pot odpiranja »online« produktov še lažja. Na spletu lahko uporabnik brez obiska banke odpre poseben paket »Brezskrbni«. Največ pozornosti smo v letu 2018 posvečali »Mobile first« pobudi, kjer smo ves čas skrbeli za nadgradnje Mobilne banke GO!. Poleg boljšega izgleda in optimizacije uporabniške izkušnje smo razvili veliko novih funkcionalnosti, ki uporabnikom omogočajo lažje bančno poslovanje. Možnost komunikacije uporabnika z banko preko sporočil v Mobilni banki GO!, možnosti urejanja GDPR soglasij, dostopanje do različnih dokumentov uporabnika, upravljanje s kreditnimi karticami in podobno so le nekatere od funkcionalnosti, ki so botrovale rasti uporabe Mobilne banke GO!. V primerjavi z letom 2017 se je število uporabnikov Mobilne banke GO! povečalo za 24,3 %. Poslovanje z malimi podjetji Tudi pri poslovanju z malimi podjetji v UniCredit Banka Slovenija d.d. iščemo enostavne in strankam prijazne rešitve ter možnosti za optimiziranje procesov. Tako smo v letu 2018 nadgradili kreditne sisteme, da lahko stranka v istem dnevu pride od ponudbe do pogodbe. Prav tako smo uvedli kredit s fiksno obrestno mero, z dobo odplačila do 84 mesecev. V okviru transakcijskega bančništva je našim strankam še vedno na voljo kombiniran osebno-poslovni transakcijski račun. Gre za paket, s katerim za ceno enega strankam omogočamo uporabo dveh transakcijskih računov po enotni tarifi. Omenjeni paket je namenjen predvsem samozaposlenim, ki glede na obseg njihove dejavnosti ne potrebujejo dragih poslovnih transakcijskih računov. Privatno bančništvo V segmentu privatnega bančništva Banka, poleg klasičnih bančnih storitev, ponuja različne investicijske rešitve, s katerimi lahko stranke dosežejo bolj primerno razporeditev svojega premoženja. Glavno vodilo pri skrbi za finančno premoženje strank v enoti Privatno bančništvo je iskanje optimalne razporeditve celotnega premoženja za posamezno stranko, glede na njene potrebe in pričakovanja. Pri določanju ustreznih rešitev in odzivov na spremenljive razmere na finančnih trgih Banka uporablja obsežna znanja in resurse matične skupine UniCredit. Le-ta v obliki globalne naložbene strategije za posamezen profil stranke podaja priporočila za najprimernejšo razporeditev premoženja v danem trenutku. + 26-odstotna rast zaupanih finančnih sredstev strank v letu 2018 Osrednja storitev privatnega bančništva je upravljanje portfeljev, ki ga uspešno dopolnjujemo tudi z drugimi investicijskimi produkti in rešitvami. V okviru tega smo omogočili strankam Privatnega bančništva dostop do strukturiranih produktov izdajatelja UniCredit AG iz Nemčije, ter do vzajemnih skladov svetovno znanih upravljavskih hiš, ki so bili s strani matične skupine UniCredit prepoznani kot najboljši v svojem naložbenem razredu oziroma področju vlaganja. Stranke, ki svoja denarna sredstva želijo dodatno geografsko razpršiti, imajo možnost to storiti preko avstrijske Schoellerbank, ki ima več kot 180-letno tradicijo in je v 100-odstotni lasti matične skupine UniCredit od leta 2005. V letu 2018 smo v segmentu privatnega bančništva zabeležili rast tako po obsegu finančnih sredstev strank pri naši Banki, kot tudi po skupnem številu strank. Poslovanje s podjetji in investicijsko bančništvo Številna podjetja se danes bolj kot kdaj koli prej osredotočajo na uporabniško izkušnjo. V naših prizadevanjih za dolgoročna partnerstva s strankami in zagotavljanje najboljših produktov in storitev, smo pri UniCredit Banka Slovenija d.d. nadaljevali s krepitvijo digitalne ponudbe, poenostavljanjem postopkov in z edinstvenimi storitvami z dodano vrednostjo. Na podlagi povratnih informacij raziskave zadovoljstva strank in z jasnim zavedanjem, da morajo biti vse naše aktivnosti prežete z miselnostjo, ki stranko postavlja na prvo mesto (Customer First), je divizija Poslovanje s podjetji in investicijsko bančništvo pregledala tekoče projekte in opredelila prednostne naloge ter povečala osredotočenost na pobude, ki izboljšujejo izkušnje strank. UPORABNIŠKA IZKUŠNJA V letu 2018 je Banka nadaljevala z inovacijami in digitalizacijo. S ciljem boljše uporabniške izkušnje smo na področju trgovinskega bančništva izboljšali platformo za e-financiranje dobaviteljev, digitalno spletno rešitev za hiter in varen odkup terjatev. Naše stranke so v tej rešitvi prepoznale dodano vrednost, saj zanje pomeni poenostavitev in prihranek časa, število podjetij, ki jo uporabljajo, pa nenehno narašča. Podjetjem smo začeli ponujati rešitev matične skupine, Svetovanje pri financiranju obratnega kapitala. Na podlagi poznavanja poslovanja podjetij, njihovega finančnega stanja in primerjalnih analiz, strankam proaktivno svetujemo specifične rešitve, ki so za njihovo poslovanje najustreznejše. INOVACIJE UniCredit S.p.A. je partner Londonske borze za program ELITE. Z obveščanjem in vključevanjem strank v strukturirano izobraževanje, poslovnim mreženjem ter dostopom do različnih informacij, vlagateljev, kapitala in različnih oblik financiranja, lahko podjetja povečajo svoj obseg poslovanja, postanejo bolj konkurenčna in rastejo na mednarodni ravni. GLOBALNA PRISOTNOST Pomembno področje, ki pripomore k razumevanju potreb strank in prilagajanju nanje, so velike količine podatkov. Na tem področju je UniCredit Banka Slovenija d.d. uvedla orodje Babel, ki se bo v letu 2019 združilo z B. Link, fron-end aplikacijo matične skupine, razvito v okviru pobude ena Banka, ena UniCredit. Ker smo osredotočeni na ustvarjanje vrednosti za stranke, smo se pri naših projektih v letu 2018 pogosto zanašali na agilni pristop. STALNE POVRATNE INFORMACIJE V Banki dajemo velik pomen povratnim informacijam naših strank, saj nam to pomaga pri nadaljnjem izboljšanju koristi zanje. Primerjalna raziskava zadovoljstva strank za leto 2018, ki jo je izvedla neodvisna zunanja agencija, je potrdila, da splošno zadovoljstvo naših strank in verjetnost, da nas priporočijo naprej, ostajata na visoki ravni. V Banki se zavedamo moči sodelovanja. Zato smo nadaljevali z organizacijo različnih dogodkov za stranke, na katerih smo jim predstavljali novosti na trgu in razpravljali o aktualnih temah, ki jih zanimajo. PARTNERSTVA Kot glavni partner projekta Izvozniki.si smo že peto leto zapored podprli slovenske izvoznike in uvoznike ter tako prispevali k napredku slovenskega gospodarstva. Ponovno smo bili tudi partner Združenja Manager, s čimer smo spodbujali strokovni management in konkurenčnost lokalnega gospodarstva. STROKOVNOST S ciljem, da bi hitro in učinkovito prepoznali, izpolnili in predvideli potrebe strank, so v diviziji Poslovanje s podjetji in investicijsko bančništvo na voljo svetovalci, ki so strokovnjaki za različne segmente UniCredit Bank · 2018 Letno poročilo 35 Poslovno poročilo Poslovanje Banke na različnih segmentih strank. Strategija segmentacije omogoča poglobljeno razumevanje in poznavanje želja strank in njihovih finančnih aktivnosti. Svetovalci, v sodelovanju s produktnimi specialisti, tako na lokalni ravni kot na ravni matične skupine UniCredit, strankam zagotavljajo najustreznejše produkte. V segmentu velikih podjetij smo bili ključni akter pri ponujanju rešitev po meri in med vodilnimi ponudniki strukturiranih transakcij. Segment srednje velikih podjetij je zrasel, saj smo uspešno podpirali podjetja pri njihovih investicijah in potrebah po obratnem kapitalu ter jim ponujali obsežno paleto rešitev. Enota Mednarodna podjetja je obdržala vodilni položaj med mednarodnimi in multinacionalnimi podjetji na lokalnem trgu ter pri tem koristila prednosti globalne prisotnosti in poenotenega čezmejnega pristopa matične skupine UniCredit. Segment Finančne institucije je ponujal zanesljive storitve finančnim institucijam, tako strankam bančnega sektorja kot nebančnim finančnim institucijam. Sodelavci iz oddelka Podjetniško svetovanje so svetovali poslovnim strankam in potencialnim vlagateljem, na podlagi bogatih izkušenj skupine UniCredit S.p.A., enega vodilnih svetovalcev na področju združitev in prevzemov v regiji. Družba UniCredit Leasing d.o.o. je zabeležila rast v vseh ključnih segmentih in v vseh prodajnih kanalih ter povečala svoj tržni delež pri novih naložbah. S tesnim sodelovanjem z Banko je družba dosegla sinergije in optimizacijo procesov. Tudi na področju storitev z vrednostnimi papirji smo ponovno dokazali našo sposobnost zagotavljanja dragocene in strokovne podpore našim strankam, kar je potrdila tudi revija Global Finance, ki nam je podelila naziv Najboljša banka za skrbniške storitve tudi v letu 2018. REZULTATI Neto obrestni prihodki so ohranili prevladujoč delež v strukturi prihodkov, vendar so se v primerjavi z lanskim letom znižali, kar je predvsem posledica dobička iz trgovanja. S pomočjo holističnega pristopa, ki smo ga prilagodili specifičnim potrebam posameznega podjetja, smo razširili portfelj strank in hkrati izboljšali sodelovanje z obstoječimi strankami. Obeti Banka si bo tudi v letu 2019 še naprej prizadevala zagotavljati vrhunsko uporabniško izkušnjo in preseči pričakovanja strank. V načrt smo že vključili vlaganja v nove digitalne rešitve in izboljšave obstoječih platform, da bi zagotovili sodoben, preprost in učinkovit način izvajanja bančnih storitev. STRATEGIJA Na področju poslovanja s podjetji pregledujemo več celotnih (endto-end) procesov z namenom njihove optimizacije in avtomatizacije. Končni cilj je našim strankam zagotoviti boljšo uporabniško izkušnjo s hitrejšo odzivnostjo, kar bomo dosegli z izboljšano učinkovitostjo in zmanjšanim operativnim tveganjem. UniCredit Banka Slovenija d.d. bo tudi v prihodnje podpirala poslovne ambicije svojih strank, nadaljnja rast kreditov podjetjem pa ostaja naša prednostna naloga. S pomočjo tveganju prilagojene dobičkonosnosti želimo ohraniti visoko kakovost kreditnega portfelja in prevzemati pravilna tveganja. Napovedi kažejo, da bodo pritisk trga na obrestne mere delno izravnali povečani obsegi posojil. Vsa našteta prizadevanja in pobude so pripomogli k temu, da je divizija Poslovanje s podjetji in investicijsko bančništvo utrdila odnose z obstoječimi strankami in pridobila veliko novih strank. Projekti in pobude, ki jih trenutno izvajamo in ki so še v fazi priprav, bodo usmerjeni tako v poslovanje kot v skladnost z regulativami. Finančni poudarki Globalne bančne storitve V letu 2018 je divizija Poslovanje s podjetji in investicijsko bančništvo presegla svoje ambicije glede rasti kreditnega portfelja, kar se je odrazilo v povečanju tržnega deleža na področju kreditov podjetjem za okoli 1 %. Pri kratkoročnih kreditih smo beležili povečano povpraševanje strank in uspešno zadovoljevali potrebe podjetij po financiranju obratnega kapitala ob hkratnem upoštevanju stroge discipline, kar zadeva tveganja. Portfelj dolgoročnih kreditov je kljub amortizaciji ostal stabilen, kreditni portfelj pa se je v primerjavi z letom 2017 še izboljšal. Prekomerna likvidnost na trgu je še naprej pritiskala na obrestne mere. Ta trend se bo predvidoma nadaljeval v tudi letu 2019. Depoziti so v povprečju ostali na enaki ravni kot v preteklem letu, pri čemer se je povečal delež vlog na vpogled. 36 2018 Letno poročilo · UniCredit Bank Organizacija in logistika Oddelek Organizacija, v sklopu katerega deluje projektna pisarna, je v letu 2018 nadaljeval s preoblikovanjem organizacijske kulture, predvsem na področju agilnega upravljanja projektnega portfelja, izboljšav kanban pristopa ter vodenja projektov, ki zagotavljajo skladnost poslovanja Banke z domačo in EU regulativo in povečujejo sposobnost prilagajanja vse bolj kompleksnemu poslovnemu okolju. Glavna usmeritev organizacijske enote Logistika in nabava je učinkovito zagotavljanje splošnih podpornih procesov vsem zaposlenim v Banki. Stremimo k urejenemu delovnemu okolju, pri upravljanju z osnovnimi sredstvi pa ravnamo gospodarno. V pristojnosti enote so tudi aktivnosti procesa nabave skladno s Politiko nabave matične skupine UniCredit. Bančna operativa in storitve Informacijsko komunikacijska tehnologija (IKT) Oddelek Bančna operativa in storitve je del divizije Globalne bančne storitve in je odgovoren za pravilno izvedbo bančnih procesov in transakcij ob hkratnem izpolnjevanju potreb strank. Med ključnimi aktivnostmi oddelka IKT v letu 2018 lahko izpostavimo napredek na področju krepitve varnosti informacijskih sistemov in dosežke pri zagotavljanju učinkovite in napredne podpore za naše stranke. Poudarek na strankah in na razvoju zaposlenih Strokovnjaki oddelka Bančna operativa in storitve so bili vključeni v meddivizijske skupine za razvoj novih produktov. Uspelo nam je uvesti številne izboljšave, ki omogočajo hitrejšo izvedbo, predvsem na področju delovnih procesov potrošniških posojil in potrošniških hipotekarnih posojil ter izboljšanje kartičnih in plačilnih procesov. Zelo smo osredotočeni na razvoj naših zaposlenih, s ciljem zagotavljanja storitev, ki ustrezajo tako pričakovanjem strank kot regulatornim zahtevam. Da bi izboljšali raven znanja in tehničnih veščin zaposlenih v Banki in zagotovili zadostno podporo lizinškemu poslovanju, smo v okviru zalednih aktivnosti ustanovili posebno podporno skupino, Podpora leasing poslovanju. Da bi zagotovili razvoj zaposlenih s potrebnimi znanji in s sposobnostjo obvladovanja prihajajočih poslovnih trendov, smo spodbujali rotacije znotraj oddelka Bančna operativa in storitve, kjer deljenje znanj predstavlja pomembno priložnost za povečanje sinergij in izmenjavo dobrih praks med strokovnjaki. Zaposlene redno obveščamo in na ta način tudi vključujemo v aktivnosti, tako na ravni Banke kot na ravni oddelka Bančna operativa in storitve, z namenom, da bi bolje razumeli potrebe strank in s tem zagotavljali ustrezno podporo procesom in produktom. Izvedba in disciplina V teku je optimizacija notranjih postopkov, katere cilj je racionalizacija postopkov, da bi dosegli boljšo učinkovitost in kakovost. Številni ročni postopki so bili digitalizirani, kar bo pripomoglo k izboljšanju in poenostavitvi upravljanja z denarnimi sredstvi in podpore WebService za kartične produkte. Za dodatne izboljšave in večjo učinkovitost smo v razvoj novih delovnih procesov za lizinške posle vključili podporne lizinške procese. V oddelek Bančna operativa in storitve je bila vpeljana robotizacija kot novo orodje za optimizacijo postopkov in za izboljšanje učinkovitosti. Prva dva robota sta že razvita, nekaj pa jih je vstopilo v razvojno fazo. Redno merimo kakovost ključnih notranjih postopkov in analiziramo temeljne vzroke za ponovno opravljanje že opravljenega dela (rework), da bi bolje prepoznali potrebo po izboljšavah postopkov in potencial za zmanjšanje stroškov slabe kakovosti zaradi ponovnega opravljanja dela. Zavedanje o tveganjih Upravljanje z operativnim tveganjem in skladnost sta pomembni temi, za kateri si močno prizadeva vsak zaposleni v oddelku Bančna operativa in storitve. Da bi okrepili ozaveščenost o obstoječih in novih regulativnih zahtevah, organiziramo redna spletna usposabljanja. Upravljavci operativnih tveganj spremljajo in poročajo o dogodkih, ki predstavljajo operativna tveganja ter predlagajo blažilne ukrepe. Oddelek Bančna operativa in storitve je aktivno sodeloval pri izvajanju ukrepov za zagotavljanje skladnosti z veljavnimi regulativami, kot so EMIR, MIFIDII, FATCA, CRS in z regulativami proti pranju denarja, upoštevajoč vse kompleksnejši kontekst finančnih transakcij. V letu 2018 smo v Banki uvedli RPA (Robotic Process Automatization) tehnologijo, s pomočjo katere smo pohitrili procesiranje na področju kreditnega poslovanja. Poleg tega smo nadgradili aplikacijo Mobilna banka GO!, v kateri sedaj ponujamo strankam, fizičnim osebam, povsem samostojno upravljanje s kartičnimi produkti. Nadaljevali smo z razvojem unificirane platforme za poslovalnice, v katero smo vključili celotno podporo za kreditno poslovanje. Strankam smo ponudili tudi novo spletno platformo za povpraševanje po kreditih. Na področju varovanja osebnih podatkov smo v okviru GDPR regulative izvedli obsežne nadgradnje sistemov, s katerimi smo zagotovili skladnost poslovanja. Na področju varnosti smo zamenjali celoten SWIFT sistem, uvedli centralno rešitev za nadgrajevanje računalniške opreme, implementirali nov sodoben požarni zid in s sistemom za preprečevanje zlorab nadgradili elektronske kanale. Vzpostavili smo tudi popolnoma nov sistem spremljanja kakovosti podatkov. Veliko truda je bilo vloženega v razvoj kadrov (mentorstva, strokovna izobraževanja in konference) ter v organizacijo poslovanja, in sicer s ciljem doseganja večje učinkovitosti pri razvoju aplikacij in sistemov. Na tem področju smo se trudili delovati čim bolj agilno in vse aktivnosti izvajati preko internega kanban procesa. Služba za varovanje Poudarek na digitalnih poslovnih trendih in povezanih naraščajočih kibernetskih grožnjah je v letu 2018 zahteval fokusiran pristop na področju IKT in kibernetske varnosti. Krepitev notranje in zunanje omrežne varnosti je bila ena izmed prednostnih nalog. Raven IKT in kibernetske varnosti smo povečali z uporabo nove in napredne varnostne opreme. Veliko poudarka je bilo tudi na področju upravljanja uporabniških pravic in dostopov. Tudi ostala področja varnosti niso bila zapostavljena. Veliko pozornosti je bilo namenjene področju neprekinjenega poslovanja, preprečevanju zlorab in fizični varnosti, kar je celovito prispevalo k boljši splošni varnosti Banke in zagotavljanju rednega in varnega poslovanja Banke in naših strank. UniCredit Bank · 2018 Letno poročilo 37 Poslovno poročilo Družbena odgovornost Odnos do sodelavcev KADROVSKA STRUKTURA V LETU 2018 V skladu z interno politiko matične skupine UniCredit pri procesu zaposlovanja sledimo načelu enakosti, ki je poleg transparentnosti osnovno vodilo in kandidatom zagotavlja enake možnosti zaposlovanja ne glede na spol in druge osebne okoliščine. Konec leta 2018 je bilo v Skupini 575 zaposlenih, od tega v Banki 564. ŠTEVILO ZAPOSLENIH V SKUPINI (2016 – 2018) 575 575 570 555 550 2016 2017 2018 V letu 2018 v primerjavi s predhodnim letom beležimo v Banki 2,7-odstotno povečanje števila zaposlenih. V UniCredit Leasing, d.o.o. je v primerjavi z letom poprej število zaposlenih ostalo na približno enaki ravni. Gledano konsolidirano, kot Skupina beležimo 1,4-odstotno povečanje števila zaposlenih, kar je predvsem posledica povečanja zaposlovanja v prodaji. Zavedamo se, da kakovostno uvajanje novo zaposlenih v delo pripomore k hitrejšemu doseganju rezultatov in k boljši organizacijski klimi. V letu 2019 skupaj s sodelavci iz divizije Poslovanje s prebivalstvom in malimi podjetji načrtujemo nadgradnjo procesa uvajanja novo zaposlenih, in sicer z nekajdnevnim obiskom poslovnih enot in kontaktnega centra. Na ta način želimo povečati sodelovanje med zaposlenimi in njihovo zavzetost ter izboljšati razumevanje potreb strank in posledično prispevati k povečanju njihovega zadovoljstva. Povprečna starost zaposlenih v Skupini je 41 let. Strukturo zaposlenih po spolu sestavlja 65 % žensk in 35 % moških. Skrb za raznolikost med zaposlenimi se kaže med drugim tudi v mešani strukturi 65 % žensk 38 Skupina in njeni zaposleni posvečajo veliko pozornost znanju in izobrazbi. Več kot 69 % zaposlenih ima višjo in visoko strokovno oziroma univerzitetno izobrazbo, magisterij ali doktorat. Izobrazbena struktura ostaja na približno enaki ravni kot preteklo leto. USPOSABLJANJE IN IZOBRAŽEVANJE Nenehne spremembe na trgu, prilagajanje ponudbe strankam ter razvoj aplikacij in produktov zahtevajo stalno izobraževanje bančnih delavcev. Z izobraževanjem želimo podati svetovalcem potrebna znanja in kompetence za učinkovito delo s strankami. Izobraževanje zajema tako produktna znanja, poznavanje aplikacij, zakonodajno področje, kakor tudi praktična znanja. Izobraževalne programe izvajajo interni in zunanji izvajalci, z njimi pa želi Banka tudi povečati motivacijo in pripadnost zaposlenih. Naložbe v izobraževanje in razvoj kadrov so tako eden ključnih elementov za uspeh. Poleg udeležbe na izobraževanjih, ki jih ponuja matična skupina UniCredit in zunanji ponudniki izobraževanj, Banka v zadnjem obdobju v bistveno večji meri spodbuja prenos znanj v okviru internih izobraževanj, vse pogosteje pa uporablja tudi sodobno in stroškovno ugodnejšo obliko izobraževanja – spletno učenje. 561 560 568 565 zaposlenih (med njimi je namreč 8 tujcev ali 1,4 %, kar je posledica programov razvoja vodij znotraj matične skupine) in strukturi vodij po spolu, saj je v vodstveni strukturi razmerje med moškimi in ženskami uravnoteženo, in sicer 48 % moških in 52 % žensk. 2018 Letno poročilo · UniCredit Bank 35 % moških Vsebine, ki so jih pokrivala izobraževanja, so bile predvsem bančno strokovne narave. V skupni kvoti 12.230 izobraževalnih ur predstavljajo izobraževalne aktivnosti na področju produktnega in procesnega izobraževanja največji delež, sledijo različna strokovna izobraževanja pri zunanjih ponudnikih in udeležba na poslovnih srečanjih, posvetih in konferencah, vse več pa je treningov pri matični skupini UniCredit. Povečuje se tudi delež izobraževanj s področja skladnosti poslovanja. Delež internih izobraževanj je bil kar 33-odstoten, pri čemer je bila največja pozornost namenjena področju skladnosti poslovanja, produktnim, procesnim in splošnim izobraževanjem ter delavnicam vodenja. Veliko pomoč pri pridobivanju novih znanj in veščin pa nenazadnje predstavlja tudi mednarodno okolje UniCredit, pri čemer deljenje znanja med samimi zaposlenimi predstavlja eno izmed konkurenčnih prednosti matične skupine. Z udeležbo na različnih delavnicah in treningih v matični skupini UniCredit se zaposleni tako uspešno seznanjajo z novimi pristopi, znanji in izkušnjami ter jih prenašajo v lokalno okolje. 41 let povprečna starost 69 % VI. ali višja stopnja izobrazbe 12.230 ur izobraževanja 23 ur na zaposlenega V prihodnjem letu si želimo še bolj izkoristiti prednosti spletnega učenja za razvoj zaposlenih. RAZVOJ ZAPOSLENIH IN NAGRAJEVANJE Skupina že vrsto let sistematično skrbi za razvoj ključnih kadrov, in sicer s pomočjo dveh razvojnih programov, ki potekata na ravni matične skupine in lokalne Banke: Executive Development Plan (EDP), gre za program, ki skrbi za razvoj vodij, in Talent Management Review (TMR), ki skrbi za razvoj talentov, v okviru katerega se osredotočamo na identificiranje in razvijanje vodstvenih sposobnosti. Preko TMR programa si namreč Banka in Skupina na premišljen in sistematičen način prizadevata zagotoviti kontinuiteto vodstva na ključnih položajih in spodbujata individualni napredek zaposlenih. Znotraj matične skupine UniCredit obstaja veliko možnosti za dodatno usposabljanje in izobraževanje v mednarodnih skupinah in mednarodnem okolju. Omeniti velja nov program »CEE Rotation Program to mature markets«, ki je namenjen širjenju miselnosti sprememb in inovacij v državah regije SVE na zrele trge kot so Italija, Avstrija in Nemčija ter ustvarjanju močnejših povezav med območji pod okriljem ene banke UniCredit. Po edinstvenem selekcijskem postopku ena sodelavka tako nadaljuje svojo karierno pot v Avstriji. Dodatno zaposleni in vodje s pridom uporabljajo tudi digitalni prostor MarketPlace, ki neposredno povezuje sodelavce, ki so pripravljeni deliti svoje veščine in znanje s tistimi, ki iščejo specifične izkušnje za izvedbo konkretne naloge ali projekta. Bistvo vseh programov je skrb za kontinuiteto razvoja zaposlenih, njihovih sposobnosti in znanj ter skrb za zagotavljanje novih generacij sposobnih vodij in strokovnjakov, ki bodo zagotavljali dolgoročno stabilnost in rast poslovanja Banke ter posledično celotne matične skupine UniCredit. Za razvoj zaposlenih sistematično skrbimo tudi s pomočjo sistema »Performance management« (Upravljanje z delovno uspešnostjo), ki je v Banki dolgoletna praksa. Sistem je informacijsko podprt z lokalno aplikacijo in v osnovi sestavljen iz dveh delov – letnega osebnega (razvojnega) razgovora, v sklopu katerega vodja in zaposleni enkrat letno definirata razvojno in karierno pot zaposlenega ter razgovora na temo načrtovanja in ocenjevanja ciljev, ki poteka trikrat letno. V sklopu tovrstnih razgovorov tako zaposleni kot vodja ocenita preteklo delo in načrtujeta cilje in razvoj za naslednje obdobje. Aplikacija omogoča večjo učinkovitost izvedbe, skupek vseh informacij na enem mestu in večjo preglednost. V letu 2019 načrtujemo nadgradnjo sistema »Performance management«, kjer se bomo poleg doseganja ciljev posvečali tudi načinu doseganja cilja 33 % internih izobraževanj (vedenje) ter okrepili povezavo s “5 fundamentals” , ki so opredeljeni na ravni matične skupine UniCredit kot ključnega pomena za trajnostni razvoj Banke in osebne rasti. V letu 2018 smo oblikovali nov program, s katerim želimo zadržati ključne zaposlene, saj cenimo znanje, ki so ga pridobili tekom zaposlitve v Skupini. V želji privabiti in razviti mlade potencialne študente smo v letu 2018 oblikovali tudi edinstven enoletni rotacijski študentski program. Po selekcijski delavnici so se izbrani študentje vključili v različne vnaprej določene organizacijske enote. Preko študentskega dela so spoznavali naloge in zaposlene ter se vključevali v realne projekte z namenom spoznavanja dela in poslovanja Banke ter nadgradnje teoretičnega znanja v praksi. Program je zajemal rotacijo študentov po nekajmesečnem delu v posamezni organizacijski enoti, najboljši študentje pa so dobili priložnost redne zaposlitve. RAZISKAVA O ZADOVOLJSTVU ZAPOSLENIH V okviru matične skupine UniCredit že vrsto let izvajamo raziskavo o zadovoljstvu zaposlenih (People Survey). Anketo izvajamo redno na dve leti, v vmesnem času pa enkrat letno merimo »utrip« zadovoljstva zaposlenih s krajšo različico raziskave. 72% Indeks zavzetosti Da smo na pravi poti, potrjujejo tudi rezultati raziskave o zadovoljstvu zaposlenih, ki je potekala v začetku novembra 2018. Svoje mnenje je oddalo več kot 65 % sodelavcev in sodelavk, indeks zavzetosti na ravni celotne Banke tokrat znaša 72 %, še posebej pa smo ponosni, da se je zadovoljstvo zaposlenih vidno izboljšalo v vseh divizijah. CERTIFIKAT “DRUŽINI PRIJAZNO PODJETJE” V Banki smo ponosni na dejstvo, da smo tekom certifikacijskega postopka pridobili podaljšanje polnega certifikata Družini prijazno podjetje. To pomeni, da smo uspešno implementirali načrtovane ukrepe za lažje usklajevanje službenih in zasebnih obveznosti. Med bolj prepoznavnimi ukrepi velja izpostaviti otroški bonus, kar pomeni, da vsem staršem prvošolčkov na prvi šolski dan omogočamo prost dan za spremljanje otrok v šolo, staršem, ki uvajajo otroka v vrtec pa omogočamo fleksibilno organizacijo delovnega časa v tednu uvajanja. Po vrnitvi s porodniškega dopusta pa sodelavkam in sodelavcem, v kolikor se odločijo za krajši delovni čas, pripada 55-odstotno plačilo plače za 4-urni delovnik. UniCredit Bank · 2018 Letno poročilo 39 Poslovno poročilo Družbena odgovornost Vsem sodelavcem Banke omogočamo tudi svetovanje na področju medosebnih odnosov v službenem in zasebnem življenju. Možnost psihološkega svetovanja oziroma »life coaching-a« smo omogočili z namenom, da sodelavcem ponudimo pomoč v situacijah, ki niso nujno neposredno povezane z delovnim okoljem, vsekakor pa lahko vplivajo tudi na motivacijo, zavzetost in medsebojne odnose v delovnem okolju. Ker se zavedamo pomena družbene odgovornosti, ponujamo zaposlenim še možnost dodatnega plačanega dneva dopusta za izvajanje prostovoljnega dela v eni od neprofitnih organizacij. Indeks CFI za UniCredit Povprečen indeks CFI na trgu 72 62 VIR: Raziskava UniCredit Bank; IFF International, Kantar TNS SKRB ZA ZAPOSLENE Posebno skrb namenjamo tudi varstvu in zdravju pri delu. Tudi v preteklem letu smo v skladu z zakonodajo izvajali predhodne oz. obdobne zdravniške preglede, v novembru pa smo na sedežu Banke že tradicionalno poskrbeli za možnost cepljenja proti sezonski gripi. Banka vse zaposlene tudi kolektivno nezgodno zavaruje. Za zaposlene organiziramo tudi potrebna usposabljanja s področja varstva pred požarom ter varno in zdravo delo, ki že nekaj let potekajo v elektronski obliki (e-learning), kar sodelavcem omogoča večjo fleksibilnost pri opravljanju izobraževanja kot tudi preizkusa znanja. V Banki zaposlenim omogočamo tudi aktivno preživljanje prostega časa. Tudi v tem letu so se zaposleni vključevali v športne aktivnosti ter druženje preko športnega društva Tilda, ki je organiziralo športne dogodke, sofinanciralo kulturne prireditve ter skrbelo za druženje ob novem letu in nekaterih drugih priložnostih. Odnos s strankami V UniCredit Banka Slovenija d.d. postavljamo odnos s strankami in njihovo zadovoljstvo na prvo mesto. Odlična uporabniška izkušnja naših strank je ključen dejavnik razlikovanja od ostalih bank na slovenskem trgu. Nasprotniki Promotorji (priporočajo naprej) 5 42 Pasivne stranke 53 VIR: Raziskava UniCredit Bank; IFF International, Kantar TNS V želji izboljšati uporabniško izkušnjo redno spremljamo povratne informacije strank glede izkušnje z našimi storitvami preko različnih kanalov. S pomočjo storitve Instant Feedback zbiramo ocene strank, ki obiščejo katerokoli od naših poslovnih enot in imajo stik z našimi svetovalci. Povratne ocene nam pomagajo razumeti, v čem smo odlični in nam pokažejo naše šibke točke, kjer imamo priložnost za izboljšave. Storitev smo v preteklem letu razširili tudi na spletno stran za odpiranje bančnega računa prek spleta. V letu 2019 pa jo želimo razširiti na vse digitalne kanale. Povratna informacija strank je za nas pomembna V matični skupini UniCredit dvakrat letno izvajamo raziskavo o zadovoljstvu naših strank in strank konkurenčnih bank. Ponosni smo, da smo najboljši na slovenskem trgu in na dejstvo, da so naše stranke med najbolj zadovoljnimi. Kriterij, ki ga uporabljamo pri raziskavi zadovoljstva, temelji na dveh poglavitnih vprašanjih; kako je stranka v celoti zadovoljna z našo Banko in našimi storitvami in koliko daje prednost naši Banki pred ostalimi na trgu (Customer First Index). V okviru iste raziskave ugotavljamo tudi stopnjo lojalnosti naših strank. Za merjenje zvestobe strank uporabljamo t.i. NPS indeks (Net Promotor Score), ki pove, kako verjetno je, da nas bo stranka priporočila svojim prijateljem. Vrednost NPS indeksa v letu 2018 za Banko znaša 48, kar pomeni, da nas zaradi dobre uporabniške izkušnje priporoča vsako leto več strank. 40 2018 Letno poročilo · UniCredit Bank Povprečna ocena strank pri obisku poslovne enote Povprečna ocena strank pri spletnem odpiranju računa 4,9 4,6 Zadovoljna stranka je lojalna stranka Zavedamo se, da je zadovoljna stranka tudi bolj lojalna in pripravljena priporočati Banko po modelu »od ust do ust«. Na zadovoljstvo vpliva veliko dejavnikov, zato moramo biti pozorni na izkušnjo stranke z našimi produkti, procesi in vsemi vstopnimi točkami. Z namenom, da na tem področju postanemo še boljši, da stranko in njene potrebe razumemo celovito ter temu prilagodimo tudi delovanje Banke, smo konec leta 2018 uvedli oddelek Upravljanje uporabniške izkušnje. Prednostna naloga oddelka je raziskati potrebe različnih segmentov strank in temu ustrezno prilagoditi produkte in storitve ter procese, ki potekajo v ozadju, imajo pa pomembno vlogo na področju hitrosti/ odzivnosti in razvoja tehnologij/rešitev. Hitre, optimalne in predvsem digitalne rešitve Naše stranke lahko ohranjajo stik z nami kjerkoli in kadarkoli. Prek spletne banke lahko bančne storitve uporabljajo v udobju svojega doma, z Mobilno banko GO! pa jim je Banka na dosegu roke ves čas, tudi na poti. Bančni digitalni svet postaja del nas, tehnologija, ki se skriva v ozadju pa mora poskrbeti za varno, hitro in brezskrbno izkušnjo. V letu 2018 smo dali prednost razvoju tistih funkcionalnosti, ki stranki omogočajo lažje poslovanje brez obiska Banke (optimizacija načinov plačevanja položnic, spletno sklepanje depozitne pogodbe ipd.). Znotraj aplikacije Mobilna banka GO! smo omogočili upravljanje z debetnimi in kreditnimi karticami, kjer je v ospredju funkcionalnost začasne blokade kreditne kartice. Na ta način postajata tako spletna banka kot Mobilna banka GO! »Self.care« orodji in ne zgolj sredstvo za plačevanje položnic. Pristen stik s stranko je dragocen Kljub vsem prednostim sodobne tehnologije pa smo v UniCredit Banka Slovenija d.d. še vedno iskreni podporniki miselnosti, da še tako popolna digitalna platforma ne more nadomestiti pristnega človeškega stika. Naše poslovne enote so tiste, ki poskrbijo za vsako stranko. Urejene poslovne enote, prijazne obiskovalcem in strokovni svetovalci z ustreznim znanjem in visoko mero človeške prijaznosti ter topline so naša odlika, ki ji ves čas namenjamo posebno pozornost. Kljub digitalnim kanalom in možnostim poslovanja na daljavo stranke še vedno prihajajo v poslovne enote in naša odgovornost je, da se pri nas počutijo dobrodošle in slišane. Prijazen sprejem, pristen pogovor ter ustrezna in prava rešitev za zadovoljitev strankine potrebe ali želje je osnova, na kateri gradimo naš uspeh. Pripravljamo se na banko prihodnosti Kljub trendom rastoče digitalizacije verjamemo, da digitalne rešitve ne bodo izpodrinile osebnega stika s strankami. Digitalne rešitve bodo omogočile, da bodo zaradi avtomatizacije procesov stranke do rešitev prišle hitreje, uporabniška izkušnja z rešitvami se bo izboljšala, posledično bo več časa ostalo za osebni pristop in svetovanje. Verjamemo, da bo tudi v prihodnosti ključno upoštevati, da je digitalizacija podpora tako strankam kot zaposlenim, nikakor pa ne nadomestilo enega ali drugega. Odnosi z mediji Dobri odnosi z mediji pomembno prispevajo k ugledu in prepoznavnosti Banke v javnosti. Pri komunikaciji s predstavniki sedme sile si prizadevamo za strokovnost, odzivnost ter proaktivnost z vidika obveščanja javnosti o temah, ki bi jim bile zanimive. V letu 2018 smo prejeli 148 sklopov novinarskih vprašanj in se pojavili v 1.087 medijskih prispevkih. Skozi celo leto smo medijem pošiljali sporočila za javnost o dogajanju v Banki, novih produktih, prejetih nagradah, dobrodelnih akcijah in podobno. Novinarje smo povabili na izbrane dogodke za stranke, na katerih smo gostili vidne predstavnike Banke in analitike matične skupine UniCredit ter jim na ta način odpirali vrata do informacij o dogajanju na finančnih trgih iz prve roke. Odgovorno opravljamo vlogo izobraževalca javnosti o finančnih temah tudi s pomočjo povabil novinarjem s področja gospodarstva na Euromoney konferenco, katere sponzor je tudi matična skupina UniCredit, ki v sklopu konference vedno organizira tudi dobro obiskano tiskovno srečanje in predstavi rezultate analize trendov v gospodarstvu. Večkrat ponudimo tudi širše informacije o temah, po katerih novinarji povprašujejo ter jim na ta način pomagamo pri bolj strokovni pripravi prispevkov. Odpiramo jim vrata do strokovnjakov, uprave Banke in predstavnikov matične skupine UniCredit, in tako nadgrajujemo dobre odnose. Odnosi z dobavitelji Politika nabave v matični skupini UniCredit nam narekuje, da gradimo odnos z dobavitelji na podlagi preglednosti, vzajemnega spoštovanja, zaupanja ter ob upoštevanju drugih etičnih in zakonskih norm. V UniCredit Banka Slovenija d.d. imamo vpeljan centraliziran nabavni proces z namenom zagotavljanja preglednosti, stroškovne učinkovitosti in transparentnosti. Glede na naravo povpraševanja praviloma povabimo k sodelovanju več ponudnikov, tudi invalidska podjetja, pri izbiri najustreznejšega dobavitelja pa poleg cene upoštevamo tudi vnaprej določene kriterije, kjer je to potrebno. Funkcija upravljalca zunanjih izvajalcev (outsourcing management) zagotavlja dodatne kontrole in preglednost poslovanja z dobavitelji. Skladno s Protikorupcijsko politiko matične skupine UniCredit dodatno preverjamo naše dobavitelje. Z namenom varovanja zaupnih podatkov (poslovne skrivnosti) podpišemo z dobavitelji pred začetkom poslovnega sodelovanja dogovor o varovanju podatkov oziroma v primeru obdelave osebnih podatkov tudi pogodbo o varovanju osebnih podatkov. UniCredit Bank · 2018 Letno poročilo 41 Poslovno poročilo Družbena odgovornost Pri izbiri dobaviteljev je Banka nepristranska, saj so le tako lahko odnosi z njimi naša konkurenčna prednost in tudi podlaga za vzajemno sodelovanje. Sponzorstva Sponzorstvo UEFA Champions League, ki je potekalo v okviru matične skupine UniCredit kar devet let in se je izteklo junija 2018, je v preteklem letu predstavljalo največjo in najbolj odmevno pokroviteljsko aktivnost Banke. S tem sponzorstvom je Banka krepila ugled in zavedanje blagovne znamke, obstoječim in potencialnim strankam pa se je približala z nogometno obarvanimi oglaševalskimi akcijami in gostitvijo pomembnih strank na nogometnih tekmah. Banka je sedmo leto zapored nadaljevala dobro partnersko sodelovanje z Zdravniško zbornico Slovenije ter zdravnikom – fizičnim osebam kot tudi zdravnikom z lastno prakso ponudila privlačno ponudbo izbranih bančnih produktov. Kot dolgoletna partnerica Združenja Manager je Banka prispevala k razvoju slovenskega managementa in konkurenčnosti gospodarstva. K pospeševanju izvoza je pripomogla s pokroviteljstvom Slovenskoitalijanskega foruma in projekta Izvozniki.si časnika Finance. Predvsem s slednjim je Banka vsebinsko pripomogla k gradnji zdravega in odprtega gospodarskega okolja, ki omogoča uspešen razvoj slovenskih izvoznih podjetij, slovenske države in družbe. Portal Izvozniki.si je namenjen povezovanju slovenskih izvoznikov in predstavlja vir koristnih informacij, dobrih praks, poslovnih zgodb ter izkušenj izvoznikov. Na področju kulture je Banka sponzorirala dva vidnejša dogodka. V okviru 66. Ljubljana Festivala je podprla Filharmonični orkester milanske Scale, ki je nastopil pod taktirko edinstvenega Christopha Eschenbacha. V solistični vlogi se je na klavirju predstavil mlad, a za svoja leta izjemno zrel in nadobuden virtuoz Jan Lisiecki. V predbožičnem času je Banka tradicionalno podprla 26. managerski koncert – osrednji kulturni, družabni in donatorski dogodek slovenske poslovne javnost, katerega poslanstvo je ustvarjati možnosti za razvoj mladih glasbenih talentov. Praznično vzdušje so pričarali dirigent Georg Pehlivanian, Simfonični orkester RTV Slovenija ter solisti trobentač Leon Pokeržnik, violinist Nikola Pajanović ter pianista Urban Stanič in Natalia Sokolovskaya. 42 2018 Letno poročilo · UniCredit Bank Donacije Banka usmerja prizadevanja za podporo in vračanje okolju, v katerem deluje, predvsem v dobrodelne dejavnosti, in sicer za pomoč otrokom in mladostnikom z manj priložnostmi, kulturi ter družbeno koristnim dejavnostim. Že 13. leto zapored je Banka z novoletno donacijo podprla humanitarne in družbeno koristne projekte, za katere so preko spleta glasovale stranke Banke, Facebook uporabniki in zaposleni. Največ glasov je prejel projekt Botrstvo, ki deluje pod okriljem Zveze prijateljev mladine Ljubljana Moste Polje, na drugo in tretje mesto pa sta se uvrstila Društvo Rdeči noski in Zavod Hospic Ljubljana. Z donacijo smo tako otrokom iz socialno šibkih okolij omogočili razvoj talentov, v bolnišnični vsakdan smo vnesli smeh ter pomagali neozdravljivo bolnim in njihovim svojcem. V letu 2018 smo pomagali tudi Društvu distrofikov, ki si s svojim delom prizadeva distrofikom utreti pot v aktivno življenje. Tudi zaposleni v UniCredit Banka Slovenija d.d. že vrsto let izkazujejo poseben čut za dobrodelnost. Tako so v preteklem letu ponovno stopili skupaj in se odpovedali novoletnemu obdarovanju v dobro družine z dvema osnovnošolkama, ki je živela v dotrajani stari hiši brez ogrevanja. Z enkratno skupno donacijo so tako družini omogočili, da je praznike preživela na toplem. Že tradicionalno so zaposleni pred začetkom šolskega leta zbirali tudi šolske potrebščine ter tako pri vstopu v novo šolsko leto pomagali več kot 100 otrokom iz socialno šibkih okolij. Preoblikovanje poslovnega modela. Preoblikovanje našega poslovnega modela temelji na digitalizaciji. Napredujemo hitreje od predvidenih rokov in hkrati dodatno znižujemo stroške. Optimizacija stroškov bo tudi v prihodnje pomembna za zagotavljanje učinkovitosti in zmogljivosti Skupine. UniCredit Bank · 2018 Letno poročilo 43 Poročilo nadzornega sveta Poročilo nadzornega sveta Splošne ugotovitve so pomembna za kakovostno in učinkovito izvrševanje nalog. Nadzorni svet UniCredit Banka Slovenija d.d. je v letu 2018 spremljal in nadziral tekoče poslovanje Banke in Skupine (v nadaljevanju skupaj: Banka), dosežene finančne rezultate ter delo njene uprave skladno s svojimi pooblastili, pristojnostmi in dolžnostmi, opredeljenimi v Statutu Banke in Poslovniku nadzornega sveta Banke, kakor tudi na podlagi veljavnih določil Zakona o gospodarskih družbah in Zakona o bančništvu ter pripadajočih podzakonskih aktih. Na rednih sejah nadzornega sveta je uprava Banke člane nadzornega sveta obveščala o vseh pomembnih poslovnih dogodkih v Banki in o drugih aktivnostih, povezanih s poslovanjem Banke, o ekonomskem in političnem okolju, pomembnejših zakonskih spremembah, ki so vplivale na poslovanje Banke ter o doseženih finančnih rezultatih Banke v primerjavi s sprejetim finančnim načrtom poslovanja. Uprava Banke je nadzorni svet redno obveščala tudi o pričakovanih finančnih rezultatih do konca finančnega leta in o njihovem uresničevanju, kakor tudi o poslovnih pobudah, še posebej na področju digitalizacije. Nadzorni svet je podrobno preučil vsakokrat predloženo gradivo in poročila revizijske in ostalih komisij nadzornega sveta ter po potrebi zahteval njihove dopolnitve. Prav tako je redno preverjal svoje delo, kar je še dodatno doprineslo k strokovnosti in kakovosti njegovega dela. Pri spremljanju poslovanja Banke je nadzorni svet pridobil in preučil tako gradiva s podatki o poslovanju Banke same, kakor tudi njene odvisne družbe UNICREDIT LEASING, leasing, d.o.o.. Nadzorni svet tako ocenjuje, da je svoje delo v letu 2018 opravil kakovostno in na najvišjem etičnem nivoju, s profesionalno skrbnostjo, skladno z veljavno zakonodajo ter notranjimi pravili matične skupine UniCredit. V letu 2018 je prišlo do spremembe v sestavi nadzornega sveta Banke. Štiričlanskemu nadzornemu svetu se je pridružil nov član nadzornega sveta, in sicer je bil na skupščini Banke dne 20. februarja 2018 za člana nadzornega sveta imenovan Pasquale Giamboi. Za novo imenovanega člana nadzornega sveta je bil v skladu s politiko Banke glede ocenjevanja članov uprave, nadzornega sveta in nosilcev ključnih funkcij (Fit & Proper Policy) izveden postopek ocene primernosti in ustreznosti, ki je bil posredovan tudi pristojnim regulatorjem. Nadzorni svet Banke tako šteje pet članov, in sicer ga sestavljajo Marco Lotteri (predsednik), Helmut Franz Haller (namestnik predsednika), Franco Andreetta, Laura Kristina Orlić (prej Bendeković) in Pasquale Giamboi. Navkljub specifični lastniški strukturi, v kateri je 100-odstotni lastnik Banke UniCredit S.p.A., je poleg članov nadzornega sveta, ki so zaposleni v matični skupini UniCredit, v nadzornem svetu prisoten še zunanji strokovnjak s področja računovodstva in finančnega poslovanja, Franco Andreetta, ki je tudi v letu 2018 prispeval k bolj kakovostnemu in preglednejšemu delu nadzornega sveta. Člani nadzornega sveta niso osebno, posredno ali neposredno udeleženi v lastniški strukturi niti niso v kakršnemkoli poslovnem odnosu z Banko, tako da ne more prihajati do nasprotja interesov. Matična skupina UniCredit ima sicer oblikovane ustrezne mehanizme za obvladovanje in reševanje morebitnih nasprotij interesov, če bi do njih kljub vsemu prišlo. Nadzorni svet Banke se je v letu 2018 sestal in odločal na štirih rednih sejah, in sicer so bili na vsaki od sej prisotni vsi člani nadzornega sveta. Posamezni sklepi so bili v skladu z zakonskimi predpisi, pristojnostmi, opredeljenimi v statutu, in upoštevajoč potrebe Banke po učinkovitosti dela, sprejeti tudi na dopisnih sejah nadzornega sveta in nato predstavljeni ter potrjeni na prvi naslednji redni seji nadzornega sveta. Vse odločitve oziroma vsi sklepi nadzornega sveta so bili sprejeti soglasno, pri čemer so člani nadzornega sveta glede njihovega sprejetja argumentirano izrazili svoja stališča in se aktivno udeleževali razprave. Prav tako so se člani nadzornega sveta redno izobraževali in izpopolnjevali na področjih, ki 44 2018 Letno poročilo · UniCredit Bank Pomembnejše odločitve nadzornega sveta Na svoji 75. redni seji, 5. marca 2018, je nadzorni svet med drugim sprejel letno poročilo o poslovanju Banke za leto 2017, na podlagi predloga revizijske komisije predlagal skupščini Banke imenovanje zunanjega revizorja, podal mnenje k letnemu poročilu notranje revizije o notranjem revidiranju za leto 2017 in sprejel Sklep o oblikovanju bilančnega dobička v poslovnem letu 2017 ter Sklep o uporabi čistega dobička v poslovnem letu 2017. Seznanil se je z revizorjevim poročilom pooblaščene revizijske družbe za leto 2017, na katerega ni imel pripomb, ter potrdil vse ostale dokumente, o katerih je nato odločala skupščina Banke dne 12. marca 2018. Nadalje je Nadzorni svet imenoval Leo Branecko za članico uprave Banke in potrdil lokalne kazalce obsega prevzetih tveganj (RAF) za leto 2018. Nadzorni svet je na 76. redni seji, ki je potekala 8. maja 2018, ponovno imenoval za predsednika uprave Banke Stefana Vavtija, podal soglasje k spremembam organizacijske sheme Banke, potrdil pravila upravljanja matične skupine UniCredit, veljavna tudi za Banko, ter rezultate Banke za prvo četrtletje. Na 77. redni seji, ki je potekala 26. julija 2018, je potrdil pravila procesa za pridobivanje soglasij nadzornega sveta za sklenitev pravnih poslov, ki predstavljajo veliko izpostavljenost Banke do posamezne osebe, pravila upravljanja matične skupine UniCredit, veljavna tudi za Banko, in polletne rezultate Banke ter podal soglasje k Pravilniku sistema nagrajevanja za leto 2018. Dne 20. novembra 2018 so se člani nadzornega sveta na 78. redni seji seznanili z odstopom člana uprave Sergia Marina, odgovornega za divizijo Globalne bančne storitve, potrdili spremembe organizacijske strukture Banke, pravila upravljanja matične skupine UniCredit, veljavna tudi za Banko, ter rezultate Banke za tretje četrtletje. Nadzorni svet je sodeloval pri sprejemanju vseh ukrepov in aktivnosti, ki so bili potrebni za uresničevanje skupne poslovne politike matične skupine UniCredit. Potrdil je plan razvoja in temelje poslovne politike ter finančni načrt Banke za leto 2018, sprejel in nadziral izvajanje splošnih načel politik prejemkov, podal soglasje k določitvi organizacije sistema notranjih kontrol in okvirnega letnega programa službe notranje revizije in nadziral primernost postopkov in učinkovitost delovanja službe notranje revizije. Prav tako je podrobno spremljal odzivnost Banke na aktualne razmere v gospodarstvu ter redno prejemal obvestila notranje revizije o realizaciji s strani nadzornega sveta potrjenega programa dela, o njenih ugotovitvah ter o pregledih zunanjih nadzornih institucij. Redno in ažurno je v skladu s profilom tveganosti Banke spremljal višino potrebnih in oblikovanih slabitev in rezervacij, problematiko negativnih obrestnih mer in nasploh neto obrestnih prihodkov Banke ter obravnaval ugotovitve in priporočila nadzornih organov Banke. Posebno pozornost je posvetil tudi spremljanju izpostavljenosti komitentov Banke, ki imajo kredite pri Banki v CHF valuti, ter posledicami in ukrepi Banke v zvezi s tem, vključno s stanjem prejetih tožb proti Banki in aktualno sodno prakso v zvezi s krediti, vezanimi na valuto CHF, kakor tudi aktivnostmi interesnih skupin v zvezi z zakonodajnim urejanjem zadevne tematike. Delovanje komisij nadzornega sveta Revizijska komisija nadzornega sveta Banke se je v letu 2018 sestala na 4 rednih sejah (zaporedne številke sej od 47 do 50). Kot posvetovalno telo nadzornega sveta, ki ga sestavljajo predsednik Pasquale Giamboi, član Franco Andreetta in član Helmut Franz Haller1, ima revizijska komisija v okviru svojega delovanja ocenjevalno, (po) svetovalno in predlagalno funkcijo, pri čemer pomaga nadzornemu svetu pri izpolnjevanju njegovih dolžnosti in pristojnosti v zvezi z naslednjimi vsebinami: s primernostjo in učinkovitostjo bančnih postopkov notranje kontrole, kar vključuje ugotavljanje in merjenje tveganj ter upravljanje s tveganji; s skladnostjo z zakonodajo, pravili in politikami, ki urejajo delovanje Banke; s primernostjo računovodskih standardov, ki se uporabljajo pri pripravi računovodskih izkazov; s primernostjo in neodvisnostjo zunanjih bančnih revizorjev ter z zagotavljanjem ustrezne strukture zaposlenih v oddelku notranje revizije. Komisija za tveganja, ki je bila ustanovljena v letu 2015, se je v letu 2018 sestala na petih rednih sejah (zaporedne številke sej od 1 do 5). Kot posvetovalno telo nadzornega sveta, ki ga sestavljajo predsednik Marco Lotteri ter Helmut Franz Haller in Pasquale Giamboi kot člana, komisija za tveganja zlasti svetuje nadzornemu svetu glede splošne nagnjenosti Banke k prevzemanju tveganj in strategije upravljanja tveganj ter preverja, ali se v sistemu prejemkov upoštevajo tveganje, kapital, likvidnost, verjetnost in časovni razpored prihodkov banke kot tudi, ali so cene produktov Banke združljive s poslovnim modelom in strategijo upravljanja tveganj Banke. Prav tako redno obravnava in pregleduje kreditne izpostavljenosti, ki so v odobritveni pristojnosti nadzornega sveta ter aktualne tematike, vezane na upravljanje s tveganji, obravnavane pred regulatorji in revizorji. Komisija za imenovanja, ki je bila prav tako ustanovljena v letu 2015, se je v letu 2018 sestala na štirih sejah. Sestavljajo jo Helmut Franz Haller kot predsednik, Laura Kristina Orlić kot članica in Marco Lotteri 1 kot član. Glavna naloga komisije je, da priporoči nadzornemu svetu kandidate za člane uprave, skupščini Banke pa kandidate za člane nadzornega sveta, pri čemer upošteva sprejeto Politiko Banke glede ocenjevanja članov uprave, nadzornega sveta in nosilcev ključnih funkcij (Fit & Proper Policy), ki jo zahtevajo skupne Smernice EBA in ESMA o ocenjevanju primernosti članov upravljalnega organa in nosilcev ključnih funkcij, ter Sklep Banke Slovenije o ureditvi notranjega upravljanja, upravljalnem organu in procesu ocenjevanja ustreznega notranjega kapitala za banke in hranilnice, nadalje da ocenjuje strukturo, velikost, sestavo in uspešnost delovanja uprave in nadzornega sveta ter pregleduje politiko uprave glede izbire in imenovanja primernih kandidatov za člane višjega vodstva Banke. Komisijo za prejemke sestavljajo Laura Kristina Orlić kot predsednica in Franco Andreeta ter Marco Lotteri kot člana. Ustanovljena je bila v letu 2015, v letu 2018 pa se je sestala na štirih sejah. Ta podaja ocene politik in praks prejemkov, pripravlja predloge odločitev uprave oziroma nadzornega sveta v zvezi s prejemki in nadzoruje prejemke oseb, ki opravljajo vodstvene funkcije glede upravljanja tveganj in zagotavljanja skladnosti poslovanja. Uporaba čistega in bilančnega dobička za leto 2018 Uprava Banke je nadzornemu svetu predložila v obravnavo Sklep o uporabi čistega dobička v poslovnem letu 2018 v višini 20.614.312,13 evrov in predlog Sklepa o oblikovanju bilančnega dobička v poslovnem letu 2018 v višini 22.359.930,72 evrov. Uprava Banke je predlagala, da se bilančni dobiček Banke v višini 4.106.068,68 evrov razdeli delničarju, preostanek v višini 18.253.862,04 evrov pa ostane nerazporejen. Uprava Banke je tudi predlagala, da nadzorni svet in skupščina v skladu s svojimi pristojnostmi sprejmeta predlagani Sklep o oblikovanju bilančnega dobička v poslovnem letu 2018. Nadzorni svet je sprejel Sklep o uporabi čistega dobička za leto 2018, soglašal s predlogom uprave o oblikovanju bilančnega dobička za leto 2018 in priporočil skupščini, da ga sprejme v predlagani obliki. Letno poročilo 2018 Uprava Banke je pripravila letno poročilo o poslovanju UniCredit Banka Slovenija d.d. in konsolidirano letno poročilo za Skupino za leto 2018 (v nadaljevanju skupaj: letno poročilo) in ga v zakonskem roku predložila nadzornemu svetu Banke v preveritev. Skupaj z letnim poročilom je bilo nadzornemu svetu predloženo tudi revizorjevo poročilo o reviziji računovodskega poročila in pregledu poslovnega poročila Banke za poslovno leto 2018 ter dodatno revizorjevo poročilo o izpolnjevanju pravil o upravljanju s tveganji v Banki iz 1. odstavka 90. člena Zakona o bančništvu, ki ju je sestavila pooblaščena revizorska družba DELOITTE REVIZIJA d.o.o. Do 20. februarja 2018 je bil predsednik revizijske komisije Marco Lotteri. UniCredit Bank · 2018 Letno poročilo 45 Poročilo nadzornega sveta Poročilo nadzornega sveta Nadzorni svet je preveril letno poročilo, ki mu ga je v obravnavo predložila uprava Banke. Ugotovil je, da je letno poročilo sestavljeno v skladu s poročili in informacijami o poslovanju Banke v letu 2018 ter s poročili o ekonomskem in političnem okolju, v katerem Banka deluje, in so bila nadzornemu svetu predstavljena v poslovnem letu. Letno poročilo je nadzorni svet primerjal tudi z revidiranimi računovodskimi izkazi za poslovno leto 2018 in ugotovil, da so finančni rezultati, predstavljeni v letnem poročilu, skladni z revizorjevim poročilom. Na podlagi poročil uprave Banke je nadzorni svet mnenja, da je uprava upoštevala ugotovitve in priporočila notranje revizije ter zunanjih nadzornikov v letu 2018 in opravila potrebne aktivnosti za njihovo izpolnitev oziroma zagotovila, da bodo vse potrebne aktivnosti opravljene. Nadzorni svet je mnenja, da sta skupaj z upravo Banke v poslovnem letu 2018 izpolnila vse zakonske zahteve. Na temelju rednega spremljanja poslovanja Banke in navedenih preverjanj je nadzorni svet potrdil letno poročilo o poslovanju Banke v letu 2018. V revizorjevem poročilu o pregledu računovodskih izkazov za poslovno leto 2018, ki je bilo nadzornemu svetu predloženo skupaj z letnim poročilom, je podano tudi mnenje pooblaščenega revizorja, ki je izdal mnenje brez pridržka. Nadzorni svet je seznanjen z revizorjevim poročilom pooblaščenega revizorja za leto 2018 ter dodatnim revizorjevim poročilom o izpolnjevanju pravil o upravljanju s tveganji za leto 2018 in nanju nima pripomb. Poročilo o razmerjih s povezanimi družbami za leto 2018 Nadzorni svet Banke je v skladu s 546.a členom Zakona o gospodarskih družbah pregledal in preveril s strani uprave Banke predloženo poročilo o razmerjih s povezanimi družbami, skupaj z mnenjem, ki ga je na zadevno poročilo podala pooblaščena revizorska družba DELOITTE REVIZIJA d.o.o., v katerem je navedla, da na podlagi opravljenih postopkov in pridobljenih dokazov ni opazila ničesar, zaradi česar ne bi verjela: • da so v poročilu o odnosih do povezanih družb za leto, ki se je končalo 31. decembra 2018, navedbe v vseh pomembnih pogledih točne; • da ni bila pri pravnih poslih, navedenih v poročilu, glede na okoliščine, ki so bile znane ob sklenitvi teh poslov, vrednost izpolnitve družbe v pomembnem pogledu nesorazmerno visoka; • da ne obstajajo okoliščine, ki bi glede drugih dejanj, navedenih v poročilu, kazale bistveno drugačno oceno prikrajšanosti od tiste, ki jo je dalo poslovodstvo, vse ob upoštevanju zgoraj opredeljenih sodil. 46 2018 Letno poročilo · UniCredit Bank Ob siceršnjem spremljanju in pregledovanju poslovanja Banke kot obširno pojasnjeno v tem poročilu, nadzorni svet Banke ugotavlja, da je tudi s strani uprave Banke predloženo poročilo o razmerjih s povezanimi družbami in izjava uprave Banke, ki jo je podala na koncu poročila o razmerjih s povezanimi družbami, skupaj z mnenjem, ki ga je na zadevno poročilo podala pooblaščena revizorska družba DELOITTE REVIZIJA d.o.o., ustrezno. Nadzorni svet: Marco Lotteri predsednik nadzornega sveta Poslovno poročilo Izjava o odgovornosti Uprava je odgovorna za pripravo posamičnih in konsolidiranih računovodskih izkazov za poslovno leto. Ti morajo resnično in pošteno prikazovati premoženjsko stanje banke UniCredit Banka Slovenija d.d. in Skupine ob koncu poslovnega leta ter njuna finančna in poslovna izida za to leto. Uprava je posamične in konsolidirane računovodske izkaze pripravila skladno z načelom časovne neomejenosti poslovanja. Uprava je pri pripravi računovodskih izkazov v letnem poročilu za leto, ki se je končalo 31. decembra 2018, dosledno uporabila ustrezne računovodske usmeritve in jih podprla z utemeljenimi in previdnimi presojami in ocenami ter zagotovila skladnost z vsemi računovodskimi standardi, o katerih meni, da so pomembni. Uprava je odgovorna zagotoviti, da Banka in Skupina vodita računovodske evidence, ki z razumno natančnostjo razkrivajo finančni položaj Banke in Skupine in s katerimi je mogoče zagotoviti, da so računovodski izkazi v vseh pomembnejših pogledih skladni s predpisi Vlade Republike Slovenije, predpisi in navodili Banke Slovenije ter z mednarodnimi standardi računovodskega poročanja, kot jih je sprejela Evropska Unija. Uprava je v splošnem odgovorna tudi za sprejetje ukrepov, ki so razumno potrebni za zaščito premoženja Banke in Skupine in za preprečevanje in odkrivanje prevar in drugih nepravilnosti oziroma nezakonitosti. Davčne oblasti lahko kadar koli v roku pet let po poteku leta, v katerem je bilo potrebno odmeriti davek, preverijo poslovanje Banke, kar lahko posledično povzroči nastanek dodatne obveznosti plačila davka, zamudnih obresti in kazni iz naslova davka od dohodkov pravnih oseb ali drugih davkov ter dajatev. Uprava družbe ni seznanjena z okoliščinami, ki bi lahko povzročile morebitno pomembno obveznost iz tega naslova. V imenu uprave Stefan Vavti Predsednik uprave Lea Branecka Damijan Dolinar Članica uprave Član uprave Alessandro Pontoglio Ivanka Prezhdarova Član uprave Članica uprave Ljubljana, 1. marec 2019 UniCredit Bank · 2018 Letno poročilo 47 Poslovno poročilo Poročilo o odnosih do povezanih družb V skladu s 545. in 546. členom ZGD-1 je uprava Banke dne 1. marca 2019 pripravila Poročilo o odnosih s povezanimi družbami. Poročilo prikazuje vse pravne posle, ki jih je Banka sklenila v poslovnem letu, ki se je končalo na dan 31. december 2018, z družbami v skupini UniCredit. Uprave Banke skladno s 5. odst. 545. člena Zakona o gospodarskih družbah pojasnjuje, da družbe v skupini UniCredit pri sklepanju pravnih poslov niso uporabile svojega vpliva, na način, da bi Banka zase opravila škodljiv pravni posel ali da bi kaj storila ali opustila v svojo škodo ter da je Banka v okoliščinah, ki so ji bile znane v trenutku, ko so bili opravljeni pravni posli s povezanimi osebami, pri vsakem pravnem poslu dobila ustrezno vračilo oziroma ni bila prikrajšana. Poročilo o odnosih s povezanimi družbami je pregledala revizijska družba Deloitte Revizija d.o.o., Dunajska cesta 165, 1000 Ljubljana. V imenu uprave Stefan Vavti Predsednik uprave Lea Branecka Damijan Dolinar Članica uprave Član uprave Alessandro Pontoglio Ivanka Prezhdarova Član uprave Članica uprave Ljubljana, 1. marec 2019 48 2018 Letno poročilo · UniCredit Bank Dovoljenje Banke Slovenije Vrste storitev, za opravljanje katerih ima UniCredit Banka Slovenija d.d. dovoljenje Banke Slovenije UniCredit Banka Slovenija d.d. ima dovoljenje za opravljanje bančnih storitev po 5. členu Zakona o bančništvu (v nadaljevanju ZBan-2). Banka lahko opravlja naslednje dodatne finančne storitve po 6. členu ZBan-2: • posredovanje pri prodaji zavarovalnih polic po zakonu, ki ureja zavarovalništvo • skrbniške storitve po zakonu, ki ureja investicijske sklade in družbe za upravljanje • posredovanje finančnega zakupa (leasinga). Bančne storitve so storitve sprejemanja depozitov in drugih vračljivih sredstev od javnosti ter dajanje kreditov za svoj račun. Banka ima dovoljenje za opravljanje vzajemno priznanih in dodatnih finančnih storitev. Banka lahko opravlja naslednje vzajemno priznane finančne storitve po 5. členu ZBan-2: • sprejemanje depozitov in drugih vračljivih sredstev; • dajanje kreditov, ki vključuje tudi: - potrošniške kredite, - hipotekarne kredite, - odkup terjatev z regresom ali brez njega (faktoring), - financiranje komercialnih poslov, vključno z izvoznim financiranjem na podlagi odkupa z diskontom in brez regresa dolgoročnih nezapadlih terjatev, zavarovanih s finančnim instrumentom (forfeiting); • finančni zakup (lizing, najem) dajanje sredstev v zakup, pri katerem se na zakupnika prenesejo vsa bistvena tveganja in koristi, ki izhajajo iz lastninske pravice nad sredstvom zakupa, pri čemer je prenos lastninske pravice na zakupnika mogoč, ne pa nujen • plačilne storitve; • izdajanje in upravljanje drugih plačilnih instrumentov (na primer potovalnih čekov in bančnih menic) v delu, v katerem ta storitev ni vključena v storitev iz prejšnje točke; • izdajanje garancij in drugih jamstev; • trgovanje za svoj račun ali za račun strank: - z instrumenti denarnega trga, - s tujimi plačilnimi sredstvi, vključno z menjalniškimi posli, - s standardiziranimi terminskimi pogodbami in opcijami, - z valutnimi in obrestnimi finančnimi instrumenti, - s prenosljivimi vrednostnimi papirji; • sodelovanje pri izdaji vrednostnih papirjev in storitve, povezane s tem; • svetovanje podjetjem glede kapitalske strukture, poslovne strategije in sorodnih zadev ter; • svetovanje in storitve v zvezi z združitvami in nakupom podjetij; • upravljanje naložb in svetovanje v zvezi s tem; • investicijske storitve in posli ter pomožne investicijske storitve po ZTFI. UniCredit Bank · 2018 Letno poročilo 49 Poročilo neodvisnega revizorja Poročilo neodvisnega revizorja 50 2018 Letno poročilo · UniCredit Bank UniCredit Bank · 2018 Letno poročilo 51 Poročilo neodvisnega revizorja Poročilo neodvisnega revizorja 52 2018 Letno poročilo · UniCredit Bank UniCredit Bank · 2018 Letno poročilo 53 Poročilo neodvisnega revizorja Poročilo neodvisnega revizorja 54 2018 Letno poročilo · UniCredit Bank UniCredit Bank · 2018 Letno poročilo 55 Poročilo neodvisnega revizorja Poročilo neodvisnega revizorja 56 2018 Letno poročilo · UniCredit Bank UniCredit Bank · 2018 Letno poročilo 57 Računovodski izkazi Banke in Skupine Računovodski izkazi Izkaz finančnega položaja 59 Izkaz poslovnega izida 61 Izkaz vseobsegajočega donosa 62 Izkaz sprememb lastniškega kapitala 63 Izkaz denarnih tokov 65 Povzetek računovodskih usmeritev 68 Pojasnila k računovodskim izkazom 85 Izjava upravljalnega organa o ustreznosti ureditev upravljanja tveganj 126 Bančna tveganja 127 58 2018 Letno poročilo · UniCredit Bank Izkaz finančnega položaja EUR 1.000 Vsebina Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Finančna sredstva v posesti za trgovanje Finančna sredstva, obvezno merjena po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Banka Pojasnilo 31. 12. 2018 Skupina 31. 12. 2017 31. 12. 2018 31. 12. 2017 1 238.422 412.560 238.422 412.560 2 8.620 6.932 8.620 6.932 3 4.125 - 4.125 - 4 408.363 - 408.363 - Finančna sredstva, razpoložljiva za prodajo (po MRS 39) 5 - 397.142 - 397.142 Finančna sredstva, merjena po odplačni vrednosti 6 1.964.631 - 2.007.368 - 37.637 - 37.637 - 1.924.380 - 1.966.981 - 2.614 - 2.750 1.898.469 Krediti bankam Krediti strankam Druga finančna sredstva Krediti (po MRS 39) - 1.852.776 - Krediti bankam 7 - 40.994 - 40.994 Krediti strankam - 1.807.528 - 1.850.488 - 4.254 - 6.987 Finančna sredstva v posesti do zapadlosti (po MRS 39) Druga finančna sredstva 8 - 7.202 - 7.202 Izvedeni finančni instrumenti, namenjeni varovanju 9 10.704 11.334 10.704 11.334 10 424 (2.418) 424 (2.418) 11 1 1 - - 12 2.849 3.629 6.601 6.969 2.849 3.629 5.228 5.550 - - 1.373 1.419 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva Opredmetena osnovna sredstva Naložbene nepremičnine Neopredmetena sredstva 13 14.549 15.458 14.870 15.755 Terjatve za davek od dohodkov pravnih oseb 14 1.426 - 4.993 3.644 1.426 - 1.426 - - - 3.567 3.644 1.388 1.254 3.958 2.096 2.655.502 2.705.870 2.708.448 2.759.685 Terjatve za davek Odložene terjatve za davek Druga sredstva SKUPAJ SREDSTVA 15 UniCredit Bank · 2018 Letno poročilo 59 Računovodski izkazi Banke in Skupine Izkaz finančnega položaja Finančne obveznosti v posesti za trgovanje 16 9.216 7.075 9.216 7.075 Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida 17 1.282 - 1.282 - Finančne obveznosti, merjene po odplačni vrednosti 18 2.341.903 2.383.064 2.373.194 2.419.270 Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank Druge finančne obveznosti 106.696 144.801 106.696 144.801 1.922.621 1.957.535 1.919.950 1.950.780 292.503 256.366 324.453 298.193 20.083 24.362 22.095 25.496 Izvedeni finančni instrumenti, namenjeni varovanju 19 23.122 19.256 23.122 19.256 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem 20 3.888 - 3.888 - Rezervacije 21 20.517 14.484 20.536 14.484 Obveznosti za davek od dohodkov pravnih oseb 14 1.872 3.073 2.167 3.465 - 1.215 295 1.607 1.872 1.858 1.872 1.858 Obveznosti za davek Odložene obveznosti za davek Druge obveznosti 22 SKUPAJ OBVEZNOSTI 2.244 1.674 3.506 3.132 2.404.044 2.428.626 2.436.911 2.466.682 Osnovni kapital 23 20.384 20.384 20.384 20.384 Kapitalske rezerve 24 107.760 107.760 107.760 107.760 Akumulirani drugi vseobsegajoči donos 25 16.319 26.087 16.319 26.087 Rezerve iz dobička 26 84.635 84.635 100.394 102.500 Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta 27 22.360 38.378 26.680 36.272 SKUPAJ KAPITAL SKUPAJ OBVEZNOSTI IN KAPITAL 251.458 277.244 271.537 293.003 2.655.502 2.705.870 2.708.448 2.759.685 V izkazu Skupine je kapital v celoti kapital lastnikov obvladujoče Banke. Pojasnila k računovodskim izkazom so sestavni del slednjih in jih je treba brati skupaj z njimi. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave 60 2018 Letno poročilo · UniCredit Bank Izkaz poslovnega izida Izkaz poslovnega izida EUR 1.000 Vsebina Banka Pojasnilo Skupina 2018 2017 2018 2017 Prihodki iz obresti 28 56.437 55.652 61.362 59.505 Odhodki za obresti 29 (11.244) (12.359) (11.676) (12.689) 46.816 Čiste obresti 45.193 43.293 49.686 Prihodki iz dividend 30 45 140 45 140 Prihodki iz opravnin (provizij) 31 30.932 32.201 30.962 32.209 Odhodki za opravnine (provizije) 32 Čiste opravnine (provizije) (8.137) (8.038) (8.272) (8.188) 22.795 24.163 22.690 24.021 Čisti dobički / izgube iz finančnih sredstev in obveznosti, ki niso merjeni po pošteni vrednosti prek poslovnega izida 33 4.756 216 4.756 216 Čisti dobički / izgube iz finančnih sredstev in obveznosti v posesti za trgovanje 34 4.491 1.724 4.491 1.724 Čisti dobički / izgube iz finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje 35 585 - 585 - Čisti dobički / izgube iz finančnih sredstev in obveznosti, določenih za merjenje po pošteni vrednosti prek poslovnega izida 36 (142) - (142) - Spremembe poštene vrednosti pri obračunavanju varovanj pred tveganji 37 130 (5.710) 130 (5.710) Čisti dobički / izgube iz tečajnih razlik 38 (1.392) 2.364 (1.397) 2.352 Čisti dobički / izgube iz odprave pripoznanja nefinančnih sredstev 39 (159) (649) (94) (551) Drugi čisti poslovni dobički / izgube 40 (454) (1.110) (33) (310) Administrativni stroški 41 (36.245) (36.866) (37.332) (38.080) Amortizacija 42 (5.098) (5.170) (5.769) (5.937) Čisti dobički / izgube ob spremembi pogojev odplačevanja finančnih sredstev 43 (67) - (67) - Rezervacije 44 (8.773) (4.716) (8.956) (4.352) Oslabitve 45 (787) 29.033 137 23.479 Čisti dobički / izgube iz nekratkoročnih sredstev v posesti za prodajo, in z njimi povezanimi obveznostmi 46 9 4 9 4 24.887 46.716 28.739 43.812 (4.273) (8.375) (5.371) (7.577) 20.614 38.341 23.368 36.235 4,22 7,84 4,78 7,41 DOBIČEK / IZGUBA IZ REDNEGA POSLOVANJA Davek iz dohodka pravnih oseb 47 ČISTI DOBIČEK / IZGUBA POSLOVNEGA LETA Osnovni in popravljeni dobiček / izguba na delnico (EUR) 27 V izkazu Skupine je čisti dobiček v celoti dobiček lastnikov obvladujoče Banke. UniCredit Bank · 2018 Letno poročilo 61 Računovodski izkazi Banke in Skupine Izkaz vseobsegajočega donosa Izkaz drugega vseobsegajočega donosa EUR 1.000 Banka Vsebina Pojasnilo Čisti dobiček / izguba poslovnega leta po obdavčitvi Drugi vseobsegajoči donos po obdavčitvi 25 Skupina 2018 2017 2018 2017 20.614 38.341 23.368 36.235 (9.484) 7.007 (9.484) 7.007 Postavke, ki pozneje ne bodo prerazvrščene v poslovni izid 11 17 11 17 Aktuarski dobički / izgube v zvezi s pokojninskimi načrti z določenimi zaslužki 21 19 21 19 Dobički/izgube v zvezi s spremembami poštene vrednosti naložb v lastniške instrumente, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa (12) Davek iz dohodka pravnih oseb v zvezi s postavkami, ki ne bodo prerazvrščene v poslovni izid 2 Postavke, ki se lahko pozneje prerazvrstijo v poslovni izid Dobički / izgube v zvezi z varovanjem denarnih tokov (uspešni del varovanja) (12) 25 (2) 2 (9.495) 6.990 (9.495) 6.990 (951) 4.059 (951) 4.059 Dobički / izgube iz prevrednotenja, izkazani v kapitalu (608) (837) (608) (837) Prenos dobičkov / izgub v poslovni izid (343) 4.896 (343) 4.896 (10.771) 4.571 (10.771) 4.571 Dobički / izgube iz prevrednotenja, izkazani v kapitalu (9.145) 4.561 (9.145) 4.561 Prenos dobičkov / izgub v poslovni izid (1.626) 10 (1.626) 10 2.227 (1.640) 2.227 (1.640) 11.130 45.348 13.884 43.242 Dobički / izgube v zvezi z naložbami v dolžniške finančne instrumente, merjenimi po pošteni vrednosti prek drugega vseobsegajočega donosa Davek iz dohodka pravnih oseb v zvezi s postavkami, ki se lahko pozneje prerazvrstijo v poslovni izid VSEOBSEGAJOČI DONOS POSLOVNEGA LETA PO OBDAVČITVI 25 25 Pojasnila k računovodskim izkazom so sestavni del slednjih in jih je treba brati skupaj z njimi. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave 62 (2) 2018 Letno poročilo · UniCredit Bank Izkaz sprememb lastniškega kapitala Banka 2018 EUR 1.000 Vsebina ZAČETNO STANJE V POSLOVNEM OBDOBJU (pred prilagoditvijo) Akumulirani drugi vseobsegajoči donos Osnovni kapital Finančna sredstva, Aktuarski merjena po pošteni vrednosti čisti dobički Varovanje prek drugega / izgube za Kapitalske denarnih vseobsegajočega pokojninske tokov rezerve programe donosa Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo Rezerve iz poslovnega leta dobička Skupaj kapital 20.384 107.760 4.195 21.368 524 84.635 38.378 277.244 - - - (277) - - (369) (646) ZAČETNO STANJE V POSLOVNEM OBDOBJU 20.384 107.760 4.195 21.091 524 84.635 38.009 276.598 Vseobsegajoči donos poslovnega leta po obdavčitvi - - (770) (8.733) 19 - 20.614 11.130 Izplačilo (obračun) dividend - - - - - - (36.270) (36.270) Drugi prenosi med sestavinami lastniškega kapitala* - - - (7) - - 7 - 20.384 107.760 3.425 12.351 543 84.635 22.360 251.458 22.360 22.360 Učinki sprememb računovodskih politik KONČNO STANJE V POSLOVNEM OBDOBJU BILANČNI DOBIČEK POSLOVNEGA LETA * prenos realiziranega učinka iz odprave pripoznanja naložb v lastniške finančne instrumente, merjene po pošteni vrednosti prek drugega vseobsegajočega donosa, iz akumuliranega drugega vseobsegajočega donosa v zadržani dobiček/izgubo. 2017 EUR 1.000 Akumulirani drugi vseobsegajoči donos Aktuarski Finančna čisti dobički Varovanje sredstva / izgube za denarnih razpoložljiva za pokojninske tokov prodajo programe Rezerve iz dobička Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta Skupaj kapital Osnovni kapital Kapitalske rezerve 20.384 107.760 907 17.665 506 84.635 13.919 245.776 Vseobsegajoči donos poslovnega leta po obdavčitvi - - 3.288 3.703 18 - 38.341 45.350 Izplačilo (obračun) dividend - - - - - - (13.882) (13.882) 20.384 107.760 4.195 21.368 524 84.635 38.378 277.244 38.378 38.378 Vsebina ZAČETNO STANJE V POSLOVNEM OBDOBJU KONČNO STANJE V POSLOVNEM OBDOBJU BILANČNI DOBIČEK POSLOVNEGA LETA UniCredit Bank · 2018 Letno poročilo 63 Računovodski izkazi Banke in Skupine Izkaz sprememb lastniškega kapitala Skupina 2018 EUR 1.000 Vsebina ZAČETNO STANJE V POSLOVNEM OBDOBJU (pred prilagoditvijo) Akumulirani drugi vseobsegajoči donos Finančna sredstva, Aktuarski merjena po pošteni vrednosti čisti dobički Varovanje prek drugega / izgube za denarnih vseobsegajočega pokojninske tokov programe donosa Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo Rezerve iz poslovnega leta dobička Skupaj kapital Osnovni kapital Kapitalske rezerve 20.384 107.760 4.195 21.368 524 102.500 36.272 293.003 - - - (277) - - 1.197 920 ZAČETNO STANJE V POSLOVNEM OBDOBJU 20.384 107.760 4.195 21.091 524 102.500 37.469 293.923 Vseobsegajoči donos poslovnega leta po obdavčitvi - - (770) (8.733) 19 - 23.368 13.884 Izplačilo (obračun) dividend - - - - - - (36.270) (36.270) Razporeditev izgube UniCredit Leasing d.o.o. v rezerve iz dobička - - - - - (2.106) 2.106 - Drugi prenosi med sestavinami lastniškega kapitala* - - - (7) - - 7 - 20.384 107.760 3.425 12.351 543 100.394 26.680 271.537 26.680 26.680 Učinki sprememb računovodskih politik KONČNO STANJE V POSLOVNEM OBDOBJU BILANČNI DOBIČEK POSLOVNEGA LETA * prenos realiziranega učinka iz odprave pripoznanja naložb v lastniške finančne instrumente, merjene po pošteni vrednosti prek drugega vseobsegajočega donosa, iz akumuliranega drugega vseobsegajočega donosa v zadržani dobiček/izgubo. 64 2018 Letno poročilo · UniCredit Bank Izkaz sprememb lastniškega kapitala Skupina 2017 EUR 1.000 Akumulirani drugi vseobsegajoči donos Aktuarski Finančna čisti dobički Varovanje sredstva / izgube za denarnih razpoložljiva pokojninske tokov za prodajo programe Rezerve iz dobička Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta Skupaj kapital Osnovni kapital Kapitalske rezerve 20.384 107.760 907 17.665 506 98.573 17.846 263.641 Vseobsegajoči donos poslovnega leta po obdavčitvi - - 3.288 3.703 18 - 36.235 43.244 Izplačilo (obračun) dividend - - - - - - (13.882) (13.882) Razporeditev čiste izgube UniCredit leasing d.o.o. v rezerve iz dobička - - - - - 3.928 (3.928) - Prilagoditev zaradi zaokroževanja - - - - - (1) 1 - 20.384 107.760 4.195 21.368 524 102.500 36.272 293.003 36.272 36.272 Vsebina ZAČETNO STANJE V POSLOVNEM OBDOBJU KONČNO STANJE V POSLOVNEM OBDOBJU BILANČNI DOBIČEK POSLOVNEGA LETA Kapital je v celoti kapital lastnikov obvladujoče Banke. Pojasnila k računovodskim izkazom so sestavni del slednjih in jih je treba brati skupaj z njimi. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave UniCredit Bank · 2018 Letno poročilo 65 Računovodski izkazi Banke in Skupine Izkaz denarnih tokov EUR 1.000 A. a) Vsebina DENARNI TOKOVI PRI POSLOVANJU 2018 2017 24.887 46.716 28.903 43.812 5.098 5.170 5.769 5.937 Oslabitve / (odprava oslabitev) naložb v dolžniške finančne instrumente, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa 8 - 8 - Oslabitve / (odprava oslabitve) kreditov - (31.399) - (27.198) Oslabitve / (odprava oslabitev) kreditov in drugih finančnih sredstev, merjenih po odplačni vrednosti 778 - (136) - Oslabitve opredmetenih osnovnih sredstev, naložbenih nepremičnin, neopredmetenih dolgoročnih sredstev in drugih sredstev 155 638 155 638 1.392 (2.364) 1.397 (2.353) - (355) - (355) Čisti (dobički) / izgube ob spremembi pogojev odplačevanja dolžniških finančnih instrumentov 67 - 67 - Neto (dobički) / izgube pri prodaji opredmetenih osnovnih sredstev in naložbenih nepremičnin (10) (4) (84) 73 Čisti poslovni izid pred obdavčitvijo Čisti (dobički) / izgube iz tečajnih razlik Neto (dobički) / izgube iz finančnih sredstev v posesti do zapadlosti (po MRS 39) Drugi (dobički)/izgube iz naložbenja 61 - 73 - Drugi (dobički) / izgube iz financiranja (1.459) (9.769) (1.459) (9.769) Druge prilagoditve čistega poslovnega izida pred obdavčitvijo 12.531 (26.857) 12.526 (27.058) Denarni tokovi pri poslovanju pred spremembami poslovnih sredstev in obveznosti 43.508 (18.224) 47.219 (16.273) (144.684) (22.102) (141.135) (11.708) Čisto (povečanje) / zmanjšanje finančnih sredstev v posesti za trgovanje (33) 8.230 (33) 8.230 Čisto (povečanje) / zmanjšanje finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje (27) - (27) - (23.139) - (23.139) - Čisto (povečanje) / zmanjšanje finančnih sredstev, razpoložljivih za prodajo (po MRS 39) - 40.243 - 40.243 Čisto (povečanje) / zmanjšanje kreditov - (75.664) - (65.743) (115.535) - (110.258) - (2.966) 3.129 (2.966) 3.129 (Povečanja) / zmanjšanja poslovnih sredstev (brez denarnih ekvivalentov) Čisto (povečanje) / zmanjšanje finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa Čisto (povečanje) / zmanjšanje kreditov in drugih finančnih sredstev, merjenih po odplačni vrednosti Čisto (povečanje) / zmanjšanje izvedenih finančnih sredstev, namenjenih varovanju Čisto (povečanje) / zmanjšanje drugih sredstev c) Povečanja / (zmanjšanja) poslovnih obveznosti Čisto povečanje / (zmanjšanje) finančnih obveznosti v posesti za trgovanje (2.984) 1.960 (4.712) 2.432 (40.204) 163.180 (45.296) 147.336 1.945 274 1.945 274 Čisto povečanje / (zmanjšanje) finančnih obveznosti, določenih za merjenje po pošteni vrednosti prek poslovnega izida 142 - 142 - Čisto povečanje / (zmanjšanje) vlog in najetih kreditov, merjenih po odplačni vrednosti (43.277) 148.603 (48.192) 132.104 Čisto povečanje / (zmanjšanje) izvedenih finančnih obveznosti, namenjenih varovanju (3.472) 15.582 (3.472) 15.582 4.458 (1.279) 4.281 (624) (141.380) 122.854 (139.212) 119.354 (4.605) (2.481) (5.723) (3.825) (145.985) 120.373 (144.935) 115.529 Čisto povečanje / (zmanjšanje) drugih obveznosti č) Denarni tokovi pri poslovanju (a+b+c) d) (Plačani) / vrnjeni davek na dohodek pravnih oseb e) Neto denarni tokovi pri poslovanju (č+d) 66 Skupina 2017 Amortizacija b) Banka 2018 2018 Letno poročilo · UniCredit Bank Izkaz denarnih tokov B. DENARNI TOKOVI PRI NALOŽBENJU a) Prejemki pri naložbenju Prejemki pri prodaji opredmetenih sredstev Prejemki pri prodaji naložb v dolžniške vrednostne papirje, merjenih po odplačni vrednosti 7.321 320 58 6.983 Prejemki iz nekratkoročnih sredstev in z njimi povezanih obveznosti v posesti za prodajo Drugi prejemki iz naložbenja b) Izdatki pri naložbenju (Izdatki pri nakupu opredmetenih sredstev) 8.502 5.183 40 1.156 4.903 - 6.983 - - - 83 - 280 280 280 280 (3.613) (3.687) (5.843) (5.711) (702) (534) (2.824) (2.505) (Izdatki pri nakupu neopredmetenih sredstev) (2.911) (3.153) (3.019) (3.206) c) Neto denarni tokovi pri naložbenju (a-b) 3.708 (3.367) 2.659 (528) C. DENARNI TOKOVI PRI FINANCIRANJU b) Izdatki pri financiranju (36.270) (13.882) (36.270) (13.882) (Plačane dividende) (36.270) (13.882) (36.270) (13.882) c) Neto denarni tokovi pri financiranju (a-b) (36.270) (13.882) (36.270) (13.882) C. Učinki spremembe deviznih tečajev na denarna sredstva in njihove ustreznike D. Čisto povečanje denarnih sredstev in denarnih ustreznikov (Ae+Bc) 214 (3.222) 214 (3.222) (178.547) 103.124 (178.546) 101.119 E. Denarna sredstva in njihovi ustrezniki na začetku obdobja (Pojasnilo 42) 416.763 316.861 416.763 318.866 F. Denarna sredstva in njihovi ustrezniki na koncu obdobja (C+D+E) (Pojasnilo 42) 238.430 416.763 238.430 416.763 Pojasnila k računovodskim izkazom so sestavni del slednjih in jih je treba brati skupaj z njimi. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave UniCredit Bank · 2018 Letno poročilo 67 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev Splošne informacije Poročajoče podjetje UniCredit Banka Slovenija d.d. je poslovna banka s sedežem v Sloveniji, ki nudi široko paleto finančnih storitev pravnim in fizičnim osebam. Banka je bila registrirana kot delniška družba 24. januarja 1991. Njen sedež je na Šmartinski cesti 140, Ljubljana, Slovenija. Dne 31. decembra 2018 je imela Banka skupno 24 poslovnih enot po vsej Sloveniji. Banka je hčerinska banka UniCredit S.p.A. s sedežem v Milanu, Piazza Gae Aulenti 3 - Tower A, Italija, ki je tudi matična banka matične skupine. Izkazi Banke so del konsolidiranih izkazov matične skupine UniCredit, ki so dosegljivi na https://www.unicredit.it/. Izjava o skladnosti Računovodski izkazi Banke in Skupine so bili pripravljeni v skladu z Mednarodnimi standardi računovodskega poročanja in pojasnili, ki jih je objavil Odbor za mednarodne računovodske standarde (International Accounting Standards Board, IASB) in jih je sprejela Evropska komisija do 31. decembra 2018 (v nadaljevanju: MSRP). Obseg in metode konsolidacije Banka je 100-odstotni lastnik družbe UniCredit Leasing, d.o.o. ter pripravlja tudi konsolidirane računovodske izkaze, ki vključujejo računovodske izkaze UniCredit Banka Slovenija d.d. kot matične banke ter računovodske izkaze UniCredit Leasing, d.o.o. kot odvisne družbe. Računovodske usmeritve odvisne družbe so poenotene z računovodskimi usmeritvami Banke. Učinki medsebojnih postavk so v celoti izločeni. Prihodki in odhodki odvisne družbe so vključeni v konsolidirane računovodske izkaze. Odvisna družba: Firma: UNICREDIT LEASING, leasing, d.o.o. Skrajšana firma: UNICREDIT LEASING, d.o.o. Sedež: Šmartinska cesta 140, 1000 Ljubljana Lastni kapital na dan 31. december 2018: 19.472 tisoč evrov Poslovni izid v letu 2018: dobiček 2.868 tisoč evrov Odvisna družba je v 100-odstotni lasti Banke. Splošna merila za pripravo Povzetek pomembnih računovodskih usmeritev, ki so uporabljene pri pripravi računovodskih izkazov, navajamo v nadaljevanju. Računovodski izkazi so pripravljeni v skladu z MSRP, pri čemer so kot podlaga za merjenje uporabljene izvirne vrednosti, razen ob merjenju finančnih instrumentov, namenjenih trgovanju, finančnih sredstev, pripoznanih po pošteni vrednosti skozi izkaz poslovnega izida, finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa in vseh izvedenih finančnih instrumentov, kjer so kot podlaga za merjenje uporabljene njihove poštene vrednosti. Objavljene računovodske izkaze je uprava Banke potrdila 1. marca 2019. Izkazi so bili pripravljeni po načelu časovne neomejenosti delovanja. Sprejeta merila za merjenje so torej skladna s to predpostavko in z načeli računovodenja na podlagi poslovnih dogodkov, relevantnosti in pomembnosti računovodskih informacij ter prevlade ekonomske vsebine posla nad pravno obliko. Ta merila se niso spremenila 68 2018 Letno poročilo · UniCredit Bank glede na preteklo leto, razen sprememb, ki so opisane v poglavju “Spremembe v pomembnejših računovodskih politikah”, ki se nanašajo na uvedbo novih standardov in pojasnil. a) Prevedba tuje valute Funkcijska in predstavitvena valuta: Postavke v računovodskih izkazih so za leti 2018 in 2017 evidentirane v evrih, ki so funkcijska in predstavitvena valuta Skupine. Transakcije in stanja: Transakcije v tuji valuti so pretvorjene v funkcijsko valuto z uporabo menjalnega tečaja Evropske centralne banke na dan posla. Vsak dobiček ali izguba, ki izhaja iz poravnave transakcij v tujih valutah ter iz pretvorbe denarnih postavk v tujih valutah v funkcijsko valuto, je poročan v izkazu poslovnega izida. Valutni terminski posli se preračunajo v evre po sklenjenem terminskem tečaju. Promptni menjalni tečaji, ki so bili uporabljeni pri pripravi izkaza finančnega položaja Skupine na dan poročanja, so bili naslednji: Valuta 31. 12. 2018 31. 12. 2017 CHF 1,1269 1,1702 USD 1,145 1,1993 b) Pobotanje finančnega sredstva in finančne obveznosti Finančna sredstva in finančne obveznosti so pobotane in je njihova čista vrednost izkazana v izkazu finančnega položaja le, kadar obstaja pravno uresničljiva pravica pobotati pripoznane zneske ter se namerava poravnati čisti znesek ali unovčiti sredstvo in hkrati poravnati obveznost. c) Uporaba ocen in predpostavk Pri pripravi računovodskih izkazov mora uprava pripraviti presoje, ocene in predpostavke, ki vplivajo na uporabo računovodskih usmeritev ter na izkazane zneske sredstev, obveznosti, prihodkov in odhodkov. Dejanski rezultati lahko odstopajo od ocen. Ocene in osnovne predpostavke zanje se redno pregledujejo. Spremembe računovodskih ocen se pripoznajo v obdobju, v katerem je ocena spremenjena ter v prihodnjih obdobjih, na katera vpliva. V nadaljevanju so razložene tri najpomembnejše računovodske ocene. Ostale so razložene med računovodskimi usmeritvami. Merjenje poštene vrednosti Banka dnevno vrednoti izvedene finančne instrumente, finančna sredstva merjena po pošteni vrednosti prek poslovnega izida, kot tudi finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa, na pošteno vrednost instrumenta. Opredelitev poštene vrednosti teh finančnih instrumentov zahteva uporabo metod vrednotenja, če tržna cena ni na razpolago. Za finančne instrumente, s katerimi se ne trguje pogosto in katerih cenovna transparentnost je nizka, je poštena vrednost manj objektivna in zahteva različno določene predpostavke, odvisne od več dejavnikov. Teh finančnih instrumentov Banka ne vrednoti dnevno, ampak večino od njih mesečno. Glede na opredelitev poštene vrednosti Banka v skladu z MSRP 13 razvršča finančna sredstva na tri ravni, ki so: • Raven 1: Kot poštena vrednost se uporabi kotirana cena na delujočem trgu za identičen instrument. • Raven 2: Poštena vrednost se določi na osnovi modelov vrednotenja, ki temeljijo predvsem na kotiranih cenah na delujočih trgih. Raven 2 vključuje tudi finančna sredstva, katerih poštena vrednost je določena na osnovi kotirane cene za identičen instrument, vendar zanje ne obstaja delujoč trg. • Raven 3: Poštena vrednost se določi na osnovi modelov vrednotenja, ki ne temeljijo na zaznavnih tržnih podatkih. Vložek se šteje kot zaznavni vložek, če je tržna cena neposredno na razpolago ali jo je možno izpeljati iz tržne cene. Primeri vložkov za Raven 3 so denimo pretekle volatilnosti ali obrestne mere za valute ter zapadlosti, za katere niso na razpolago finančni instrumenti s tržno ceno. Če vrednost finančnega instrumenta temelji na dejavnikih, za katere tržna cena ni na razpolago, lahko ob koncu obdobja poročanja vrednost teh dejavnikov izberemo iz nabora razumnih možnih alternativ. Za namen priprave finančnih izkazov so razumne vrednosti, ki so izbrane za takšne vložke, za katere ni na voljo tržne cene, usklajene s prevladujočimi razmerami na trgu ter s pristopom Banke, kar zadeva kontrolo vrednotenja. Prilagoditve poštene vrednosti (angl. Fair Value Adjustments - FVA) predstavljajo razliko med ceno finančnega instrumenta, ki jo dobimo s pomočjo modela vrednotenja, in njegovo pošteno vrednostjo, kot jo opredeljuje MSRP 13, ki odraža izhodno ceno, po kateri je mogoče naložbo zapreti na trgu. FVA metodologija Skupine upošteva naslednje vhodne informacije: • pozitivne in negativne profile izpostavljenosti, ki izhajajo iz internega modela Kreditnega tveganja nasprotne strani, • PD časovna struktura, ki obsega trenutne tržne stopnje neplačil, ki so pridobljene iz poslov kreditne zamenjave, • krivulja razpona financiranja, ki ponazarja povprečen razpon financiranja pri konkurenčnih finančnih skupinah. Prilagoditve poštene vrednosti, ki jih izračunava Skupina, vključujejo: kreditno/debetno prilagoditev vrednotenja (Credit/Debit Valuation Adjustment - CVA/DVA), stroške zaprtja pozicije. CVA/DVA metodologija Skupine upošteva naslednje vhodne informacije: • izpostavljenost ob dogodku naplačila (Exposure At Default – EAD), ki je ocenjena z uporabo simulacijskih tehnik, ki vključujejo posebno tveganje zaradi neugodnih gibanj zaradi korelacije med kreditnim tveganjem nasprotne stranke in osnovnih dejavnikov tveganja pri izvedenih finančnih instrumentih, • verjetnost neplačila (Probability of Default - PD), ki jo označujejo trenutne tržne stopnje neplačila, ki so pridobljene iz poslov kreditne zamenjave, • izguba ob neplačilu (Loss Given Default – LGD), ki temelji na ocenjeni ravni pričakovanega poplačila in tržni stopnji neplačil, ki izhajajo iz CDS. Stroški zaprtja pozicije odražajo strošek, ki nastane ob zaprtju aktivne pozicije v finančnem instrumentu na trgu. Stroški zaprtja pozicije so izračunani kot razlika med ceno, po kateri je finančni instrument vrednoten in tržno ceno, ki jo običajno predstavlja cenovni razpon med povpraševanjem in ponudbo. Oslabitve in rezervacije Posojila in dolžniški vrednostni papirji, ki so razvrščeni kot finančna sredstva po odplačni vrednosti, finančna sredstva po pošteni vrednosti skozi vseobsegajoči donos in pomembne zunajbilančne izpostavljenosti, se slabijo v skladu z zahtevami MSRP 9. V zvezi s tem so ti instrumenti uvrščeni v skupino 1, 2 ali 3 glede na njihovo absolutno ali relativno kreditno kakovost glede na začetno izplačilo. Natančneje: • skupina 1: vključuje (i) novo izdane ali pridobljene kreditne izpostavljenosti, (ii) izpostavljenosti, pri katerih se kreditno tveganje od začetnega pripoznanja ni bistveno poslabšalo, (iii) izpostavljenosti z nizkim kreditnim tveganjem (izvzetje iz nizkega kreditnega tveganja); • skupina 2: vključuje kreditne izpostavljenosti, pri katerih se je kreditno tveganje od začetnega pripoznanja bistveno poslabšalo; • skupina 3: vključuje slabe kreditne izpostavljenosti. Za izpostavljenosti v skupini 1 je oslabitev enaka pričakovani izgubi, izračunani v časovnem obdobju do enega leta. Za izpostavljenosti v skupini 2 ali 3 je oslabitev enaka pričakovani izgubi, izračunani v časovnem obdobju, ki ustreza celotni življenjski dobi izpostavljenosti. Razvstitev kreditnih izpostavljenosti v eno od zgoraj navedenih skupin se opravi ob začetnem pripoznanju, ko so izpostavljenosti razvrščene v skupino 1, in se periodično pregleduje na podlagi pravil o „razvrščanju v skupine“, kot je določeno v delu Kreditno tveganje - oddelek Politika Skupine glede oslabitev in rezervacij. Za izračun pričakovanih izgub in z njimi povezanih rezervacij za izgube Banka uporablja parametre: verjetnost neplačila (PD), izgube ob neplačilu (LGD) in izpostavljenosti ob dogodku neplačila (»EAD«), ki se uporabljajo za regulativne namene in da se zagotovi, da meritve oslabitev predstavljajo vrednosti, ki predstavljajo „trenutne pogoje “ (PIT) in „prihodnje ekonomske okoliščine “, ki vključujejo več scenarijev. V zvezi s tem glej del Kreditno tveganje - oddelek Politika Skupine glede oslabitev in rezervacij za nadaljnje informacije o metodologijah za izračun pričakovanih izgub. V zvezi s skupino 3 je treba opozoriti, da vključuje oslabljene izpostavljenosti, ki ustrezajo skupnim slabim izpostavljenostim kot ITS EBA (EBA/ITS /2013/03/rev1 7/24/2014), v skladu s pravili Banke Italije, opredeljenimi v okrožnici št. 227 z dne 30. julija 2008 in kasnejšimi posodobitvami. EBA je kot “slabe” zlasti opredelila izpostavljenosti, ki izpolnjujejo eno ali obe naslednji merili: • pomembne izpostavljenosti, pri katerih prihaja do zamude pri odplačevanju več kot 90 dni; UniCredit Bank · 2018 Letno poročilo 69 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev • za dolžnika se ocenjuje, da je malo verjetno, da bo v celoti poplačal svoje kreditne obveznosti brez unovčenja zavarovanja s premoženjem, ne glede na obstoj katerega koli zapadlega zneska ali število dni zamude pri odplačevanju. Poleg tega zgoraj omenjena okrožnica št. 272 določa, da je skupna vrednost oslabljenih sredstev razdeljena v naslednje kategorije: • Slabe terjatve (skupina Bad po klasifikaciji Banke Italije) – formalno oslabljena posojila, ki so izpostavljena insolventnim kreditojemalcem, tudi če insolventnost ni bila prepoznana s strani sodišča, ali stranke v podobnem položaju. Merjenje se izvaja na podlagi posameznega posojila ali portfelja. • Dvomljive terjatve (skupina Unlikely to pay other than Bad – UTP po klasifikaciji Banke Italije) – izpostavljenosti do kreditojemalcev, ki se soočajo z začasnimi težavami, za katere Skupina predvideva, da bodo v ustreznem časovnem obdobju razrešene. Dvomljiva posojila se vrednotijo na podlagi posameznega posojila ali portfelja. • Zapadle terjatve (skupina Past Due po klasifikaciji Banke Italije) – celotna izpostavljenost do vsakega kreditojemalca, ki ni vključen v druge kategorije in ki na datum računovodskih izkazov zamuja s svojimi obveznostmi za več kot 90 dni in manj kot 180 dni. Zapadle terjatve se vrednotijo na podlagi posameznega posojila ali portfelja. Popravki vrednosti oslabitev posojil in terjatev temeljijo na sedanji vrednosti pričakovanih denarnih tokov glavnice in obresti. Pri določanju sedanje vrednosti prihodnjih denarnih tokov je osnovna zahteva identifikacija ocenjenih poplačil, časovni okvir plačil in uporabljena diskontna stopnja. Zlasti znesek izgube zaradi oslabljenih izpostavljenosti, ki so razvrščene kot slaba posojila in za katere ni verjetno, da se bodo izplačale v skladu z zgoraj navedenimi kategorijami, je razlika med knjigovodsko vrednostjo in sedanjo vrednostjo ocenjenih denarnih tokov, diskontiranih po prvotni obrestni meri finančnega sredstva. Za vse pozicije s fiksno obrestno mero se tako določena obrestna mera v naslednjih poslovnih letih ohranja konstantna, za pozicije s spremenljivo obrestno mero pa se obrestna mera posodablja v skladu s pogodbenimi pogoji. Časi izterjave se ocenjujejo na podlagi poslovnih načrtov ali napovedi, ki temeljijo na preteklih izkušnjah izterjave pri podobnih razredih posojil, ob upoštevanju segmenta strank, vrste posojila, vrste zavarovanja in vseh drugih dejavnikov, ki se štejejo za pomembne. Tudi oslabljena vrednost oslabljenih izpostavljenosti je bila izračunana v skladu z zahtevami novega računovodskega standarda, ki vključuje (i) prilagoditve, potrebne za izračun trenutne izgube in predvidene izgube v prihodnosti; in (ii) več scenarijev, ki se uporabljajo za to vrsto izpostavljenosti. Odpisi Banka in Skupina odpišeta finančna sredstva, ko nimata več realnih pričakovanj, da bo finančno sredstvo poplačano (delno ali v celoti). Ob odpisu se odpravi pripoznanje finančnega sredstva. Poplačila odpisanih finančnih sredstev predstavljajo prihodek od odpisa. 70 2018 Letno poročilo · UniCredit Bank Spremembe pomembnih računovodskih usmeritev Z izjemo spodaj navedenega so računovodske usmeritev, ki so uporabljene v pričujočih računovodskih izkazih, enake kot tiste, ki so bile uporabljene v konsolidiranih finančnih izkazih Skupine na dan in za leto, ki se je končalo 31. decembra 2017. Pričakovati je, da se bodo spremembe računovodskih usmeritev odrazile v konsolidiranih računovodskih izkazih Skupine na dan in za leto, ki se je končalo 31. decembra 2018. a. Prehod na MSRP 9 in povzetek učinkov Banka in Skupina sta v letu 2018 uvedli MSRP 9 Finančni instrumenti. Standard je uvedel pomembne spremembe pravil razvrščanja in merjenja finančnih instrumentov v primerjavi z MRS 39. Banka in Skupina sta finančna sredstva uvrstili v poslovne modele za upravljanje s finančnimi sredstvi ter preverili značilnosti pogodbenih denarnih tokov. Pri razvrstitvi finančnih sredstev, ki sta jih imeli v stanju na dan 31. december 2017, sta vse kredite uvrstili v poslovni model prejemanja denarnih tokov; tudi obveznico, ki je bila skladno z MRS 39 v posesti do zapadlosti sta uvrstili v poslovni model prejemanja denarnih tokov; vse dolžniške instrumente razpoložljive za prodajo sta uvrstili v poslovni model prejemanja denarnih tokov in prodaje; med kapitalskimi instrumenti razpoložljivimi za prodajo sta se pri vseh razen pri enem nepreklicno odločili, da bosta spremembe poštene vrednosti predstavili v drugem vseobsegajočem donosu. Finančna sredstva namenjena trgovanju so ohranila isti poslovni model. Pri testiranju značilnosti pogodbenih denarnih tokov sredstev so bile ugotovljene tri pogodbe, pri katerih denarni tokovi niso zgolj plačila glavnice in obresti na preostali znesek glavnice. Zato so bile razvrščene kot finančna sredstva obvezno merjena po pošteni vrednosti. Preostala posojila in obveznice, ki so bila v skladu z MRS 39 razvrščena kot v posesti do zapadlosti, so bila razvrščena kot finančna sredstva po odplačni vrednosti. Finančna sredstva, ki so bila prej v portfelju sredstev, razpoložljivih za prodajo, so razvrščena kot finančna sredstva po pošteni vrednosti skozi drugi vseobsegajoči donos razen lastniškega instrumenta, za katerega Banka ni naredila nepreklicne izbire, da bi njihove naknadne spremembe poštene vrednosti predstavila v drugem vseobsegajočem donosu. Slednji je razvrščen kot finančna sredstva obvezno merjena po pošteni vrednosti. MSRP 9 je uvedel nov računovodski model za oslabitve, ki temelji na (i) pristopu pričakovanih izgub, ki nadomešča sedanji pristop, ki temelji na nastalih izgubah, in (ii) uvedel je koncept “vseživljenjskih” pričakovanih izgub; več podrobnosti je na voljo v poglavju Bančna tveganja. Kar zadeva računovodenje varovanja pred tveganji, sta se Banka in Skupina odločili, da bosta še naprej uporabljali obstoječe zahteve MRS 39 za vsa računovodenja varovanja pred tveganji, dokler UOMRS ne dokonča projekta glede računovodenja za makro varovanja pred tveganji. Po začetku veljavnosti MSRP 9 je predviden pregled regulatornega obravnavanja za izračun absorbcije kapitala pričakovanih kreditnih izgub (CRD/CRR). EU uredba št. 2017-2395, ki je bila objavljena 27. decembra 2017, dovoljuje, da finančne ustanove sprejmejo prehodni režim, kjer bi bile lahko dodatne rezervacije za kreditne izgube vključene v CET1 z mehanizmom “postopnega uvajanja” skozi obdobje petih let, z začetkom leta 2018. Banka in Skupina sledita odločitvi matične skupine UniCredit, ki ne bo sprejela tega prehodnega režima. Učinek prehoda na postavke izkaza finančnega položaja je ponazorjen na naslednji strani. Nobena od prerazvrstitev ni bila posledica spremembe poslovnega modela. Banka in Skupina sta se odločili za uporabo prehodne olajšave, ki jo dovoljuje standard, in ne bosta objavili primerjave podatkov v finančnih poročilih za leto 2018. UniCredit Bank · 2018 Letno poročilo 71 72 2018 Letno poročilo · UniCredit Bank 10 11 12 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva 13 14 Neopredmetena sredstva Terjatve za davek od dohodkov pravnih oseb Naložbene nepremičnine Opredmetena osnovna sredstva 8 9 Finančna sredstva v posesti do zapadlosti (po MRS 39) Izvedeni finančni instrumenti, namenjeni varovanju Druga finančna sredstva - 15.458 - 3.629 3.629 1 (2.418) 11.334 7.202 4.254 - - - - - - - - - - - - 40.994 1.807.528 Krediti bankam Krediti strankam (96) - 1.852.776 Druga finančna sredstva Krediti (po MRS 39) (2.093) (7) - Krediti bankam - (2.196) - (62) - - 397.142 - Krediti strankam 7 5 6 Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Finančna sredstva, merjena po odplačni vrednosti Dolžniški vrednostni papirji 4 Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa 10 - Krediti Kapitalske naložbe - 10 3 - - Učinek vrednotenja - - - - - - - - (7.202) (4.254) (1.807.528) (40.994) (1.852.776) 4.254 1.804.567 40.994 7.202 1.857.017 (397.142) 396.084 1.058 2.961 4.019 - - Učinek prerazvrstitve Znesek prerazvrstitve med postavkami - 6.932 2 Finančna sredstva, namenjena trgovanju Finančna sredstva, obvezno merjena po pošteni vrednosti skozi izkaz poslovnega izida 31. 12. 2017 po MRS 39 412.560 Pojasnilo 1 Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Vsebina EUR 1.000 Banka - 15.458 - 3.629 3.629 1 (2.418) 11.334 - - - - - 4.158 1.802.474 40.987 7.202 1.854.821 - 396.022 1.058 2.971 4.029 6.932 412.560 Otvoritveno stanje 1. 1. 2018 po MSRP 9 3.644 15.755 1.419 5.550 6.969 - (2.418) 11.334 7.202 6.987 1.850.488 40.994 1.898.469 - - - - - 397.142 - - - - 6.932 412.560 31. 12. 2017 po MRS 39 - - - - - - - - - - - - - (96) (691) (7) - (794) - (62) - 10 10 - - Učinek vrednotenja - - - - - - - - (7.202) (6.987) (1.850.488) (40.994) (1.898.469) 6.987 1.847.527 40.994 7.202 1.902.710 (397.142) 396.084 1.058 2.961 4.019 - - Učinek prerazvrstitve Znesek prerazvrstitve med postavkami Skupina 3.644 15.755 1.419 5.550 6.969 - (2.418) 11.334 - - - - - 6.891 1.846.836 40.987 7.202 1.901.916 - 396.022 1.058 2.971 4.029 6.932 412.560 Otvoritveno stanje 1. 1. 2018 po MSRP 9 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev UniCredit Bank · 2018 Letno poročilo 73 17 18 Finančne obveznosti, merjene po odplačni vrednosti 3.073 27 Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta SKUPAJ OBVEZNOSTI IN KAPITAL SKUPAJ KAPITAL 25 26 Akumulirani drugi vseobsegajoči donos Rezerve iz dobička 23 24 Osnovni kapital Kapitalske rezerve SKUPAJ OBVEZNOSTI (646) (2.257) 277.244 2.705.870 (369) - (277) - - (1.611) - (65) - (65) (1.546) - - 38.378 84.635 26.087 107.760 20.384 2.428.626 1.674 1.858 Druge obveznosti 22 14 Obveznosti za davek od dohodkov pravnih oseb 14.484 Odložene obveznosti za davek 21 Rezervacije 3.888 19.256 1.215 20 - 24.362 - - - - - - (2.257) (9) - 256.366 1.957.535 144.801 2.383.064 - 7.075 2.705.870 1.254 - Obveznosti za davek 19 Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Druge finančne obveznosti Podrejene obveznosti Krediti bank in centralnih bank Vloge strank Vloge bank in centralnih bank 16 Finančne obveznosti, namenjene trgovanju 15 Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida SKUPAJ SREDSTVA Druga sredstva Odložene terjatve za davek - - - - - - - - - - - - (1.140) - - - - - - - - 1.140 - - - - 2.703.613 276.598 38.009 84.635 25.810 107.760 20.384 2.427.015 1.674 1.793 1.215 3.008 11.798 3.888 19.256 24.362 - 256.366 1.957.535 144.801 2.383.064 1.140 7.075 2.703.613 1.245 - 2.759.685 293.003 36.272 102.500 26.087 107.760 20.384 2.466.682 3.132 1.858 1.607 3.465 14.484 3.888 19.256 25.496 - 298.193 1.950.780 144.801 2.419.270 - 7.075 2.759.685 2.096 3.644 (855) 920 1.197 - (277) - - (1.775) - (65) - (65) (1.710) - - - - - - - - - - (855) (9) - - - - - - - - - - - - (1.140) - - - - - - - - 1.140 - - - - 2.758.830 293.923 37.469 102.500 25.810 107.760 20.384 2.464.907 3.132 1.793 1.607 3.400 11.634 3.888 19.256 25.496 - 298.193 1.950.780 144.801 2.419.270 1.140 7.075 2.758.830 2.087 3.644 74 2018 Letno poročilo · UniCredit Bank - iz postavke Krediti (po MRS 39) - potrebna prerazvrstitev - iz postavke Finančna sredstva, razpoložljiva za prodajo (po MRS 39) - dolžniški vrednostni papirji 373.106 na postavko Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa - dolžniški vrednostni papirji 397.142 22.978 na postavko Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa - kapitalske naložbe Skupaj 1.058 na postavko Finančna sredstva, obvezno merjena po pošteni vrednosti skozi izkaz poslovnega izida - kapitalske naložbe Zmanjšanja Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Skupaj - iz postavke Finančna sredstva, razpoložljiva za prodajo (po MRS 39) - kapitalske naložbe Povečanja Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Skupaj - Knjigovodska vrednost 31. 12. 2017 (po MRSRP 9) iz postavke Finančna sredstva, razpoložljiva za prodajo (po MRS 39) - kapitalske naložbe Povečanja Finančna sredstva, obvezno merjena po pošteni vrednosti skozi izkaz poslovnega izida Vsebina EUR 1.000 (397.142) (373.106) (22.978) - - - - (62) 396.084 (1.058) (62) - 10 10 - Ponovno merjenje 373.106 22.978 4.019 2.961 1.058 Prerazvrstitve Banka - - - - 396.022 373.044 22.978 4.029 2.971 1.058 Knjigovodska vrednost 1. 1. 2018 (po MSRP 9) - - - - (62) (62) 353 10 343 Učinek na zadržani dobiček 1. 1. 2018 397.142 373.106 22.978 1.058 - - - - - - Knjigovodska vrednost 31. 12. 2017 (po MRS 39) (397.142) (373.106) (22.978) (1.058) 396.084 373.106 22.978 4.019 2.961 1.058 Prerazvrstitve - - - - (62) (62) - 10 10 - Ponovno merjenje Skupina - - - - 396.022 373.044 22.978 4.029 2.971 1.058 Knjigovodska vrednost 1. 1. 2018 (po MSRP 9) - - - - (62) (62) - 353 10 343 Učinek na zadržani dobiček 1. 1. 2018 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev UniCredit Bank · 2018 Letno poročilo 75 1.852.776 13.344 14.484 Ponovno merjenje Skupaj (1.140) - (1.140) 1.140 - 1.140 1.140 - - na postavko: Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida Zmanjšanja Rezervacije Skupaj Merjenje nečrpanih kreditov obvezno merjenih po pošteni vrednosti prek poslovnega izida Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida 1.254 1.254 Povečanja - ponovno merjenje Skupaj Druga sredstva - (1.852.776) 1.849.815 na postavko: Finančna sredstva, merjena po odplačni vrednosti Skupaj (1.849.815) 2.961 na postavko: Finančna sredstva, obvezno merjena po pošteni vrednosti skozi izkaz poslovnega izida - potrebna prerazvrstitev (1.546) (1.546) - - - (9) (9) - - - 11.798 11.798 - 1.140 1.140 1.245 1.245 - - - - - 1.854.821 Zmanjšanja (2.196) 1.847.619 7.202 - (2.961) 1.857.017 - (2.196) - Krediti (po MRS 39) Skupaj 1.849.815 - iz postavke Krediti (po MRS 39) 7.202 - iz postvke Finančna sredstva v posesti do zapadlosti (po MRS 39) Povečanja Finančna sredstva, merjena po odplačni vrednosti 1.546 1.546 - - (9) (9) - - - (2.196) (2.196) 14.484 13.344 1.140 - - 2.096 2.096 1.898.469 1.895.508 2.961 - - - (1.140) - (1.140) 1.140 1.140 - - (1.898.469) (1.895.508) (2.961) 1.902.710 1.895.508 7.202 (1.546) (1.546) - - - (9) (9) - - (794) (794) - 11.798 11.798 - 1.140 1.140 2.087 2.087 - - - 1.901.916 1.894.714 7.202 1.546 1.546 - - - (9) (9) - - - (794) (794) - Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev Učinek prehoda na postavke kapitala v skupni višini -369 tisoč evrov se nanaša na: • učinek oslabitev v višini -2.268 tisoč evrov • učinek rezervacij v višini 1.546 tisoč evrov • učinek prevrednotenja kreditov, uvrščenih med »Finančna sredstva obvezno merjena po pošteni vrednosti prek poslovnega izida« v višini 10 tisoč evrov • učinek prevrednotenja kapitalskih naložb, uvrščenih med »Finančna sredstva obvezno merjena po pošteni vrednosti prek poslovnega izida« v višini 343 tisoč evrov. Tabele prikazuje kapitalsko ustreznost Banke na dan 1. januar 2018, ki izhaja iz sprejetja MSRP9. EUR 1.000 Postavka 1. 1. 2018 (MSRP 9) 31. 12. 2017 (MSRP 9) TVEGANJU NEPRILAGOJENA SREDSTVA TVEGANJU PRILAGOJENA SREDSTVA/ ZAHTEVA TVEGANJU NEPRILAGOJENA SREDSTVA TVEGANJU PRILAGOJENA SREDSTVA/ ZAHTEVA 3.601.649 1.059.878 3.601.875 1.062.271 A. TVEGANJU PRILAGOJENA AKTIVA A.1 KREDITNO TVEGANJE IN TVEGANJE NASPROTNE STRANKE 1. Standardizirani pristop 1.993.454 598.204 1.993.884 600.476 2. IRB pristop 1.608.194 461.674 1.607.991 461.795 1.589.866 454.280 1.590.262 455.000 18.328 7.394 17.729 6.795 2.1 Osnovni pristop IRB 2.1 Napredni pristop IRB B. KAPITALSKA ZAHTEVA B.1 Kreditno tveganje in tveganje nasprotne stranke 84.790 84.982 865 865 1. Standardizirani pristop 865 865 B.3 Operativno tveganje 6.185 6.185 6.185 6.185 91.840 92.032 1.148.005 1.150.398 C.2 Navadni lastniški temeljni kapital/Tveganju prilagojena aktiva (Količnik navadnega lastniškega temeljnega kapitala) 17,16% 17,18% C.3 Temeljni kapital/Tveganju prilagojena aktiva (Količnik temeljnega kapitala) 17,16% 17,18% C.4 Kapital/Tveganju prilagojena aktiva (Količnik skupnega kapitala) 17,40% 17,42% B.2 Tržno tveganje 2. Napredni pristop Celotna kapitalska zahteva C. TVEGANJU PRILAGOJENA AKTIVA IN KAPITALSKI KOLIČNIKI C.1 Tveganju prilagojena aktiva 76 2018 Letno poročilo · UniCredit Bank Izkaz finančnega položaja Finančni instrumenti – razvrščanje in merjenje Kot posledica uveljavitve novega računovodskega standarda MSRP 9 je Skupina prerazvrstila finančna sredstva in obveznosti z dnem 1. januar 2018 v nove predvidene kategorije. V tem smislu je potrebno izpostaviti, da ta razvrstitev temelji na poslovnem modelu in na značilnostih pogodbenih denarnih tokov. Analiza poslovnega modela je bila opravljena z vzporejanjem poslovnih področij ter z alociranjem določenega poslovnega modela vsakemu področju. Portfelj poslovnih področij je bil tako razdeljen na poslovne modele »portfelj prejemanja pogodbenih denarnih tokov« ali »portfelj prejemanja pogodbenih denarnih tokov in prodaje« glede na namene ohranjanja in pričakovani prihodek finančnega instrumenta. Poslovnim področjem, ki sestavljajo trgovalni portfelj, je dodeljen poslovni model »drugo«, zato, da odraža trgovalne namene. Za namen razvrščanja finančnih instrumentov v nove kategorije, ki jih predvideva MSRP 9, mora biti analiza poslovnega modela dopolnjena z analizo pogodbenih tokov (SPPI test). V tem smislu je Skupina razvila procese in sisteme za analizo portfelja dolžniških vrednostnih papirjev in kreditov, tako da se oceni, ali elementi njihovih pogodbenih denarnih tokov omogočajo merjenje po odplačni vrednosti (portfelj prejemanja pogodbenih denarnih tokov) ali po pošteni vrednosti skozi vseobsegajoči donos (portfelj prejemanja pogodbenih denarnih tokov in prodaje). Analiza se opravlja bodisi za vsako pogodbo posebej ali po skupinah, ki so opredeljene na osnovi značilnosti transakcij, ter ob uporabi posebnega interno razvitega orodja (SPPI orodje), s katerim Banka analizira elemente pogodb v skladu z zahtevami MSRP 9. Vsa finančna sredstva, s katerimi Skupina razpolaga, so pripoznana ter je njihovo pripoznanje odpravljeno ob upoštevanju datuma plačila. Vsa finančna sredstva se na začetku pripoznajo po pošteni vrednosti in če gre za finančno sredstvo, ki ni podano po pošteni vrednosti skozi poslovni izid, so prišteti tudi stroški posla, ki neposredno izhajajo iz nakupa finančnega sredstva. Banka in Skupina prerazvrstita finančno sredstvo samo, ko spremenita poslovni model za upravljanje finančnih sredstev. Načeloma se poslovni model po prvotnem pripoznanju ne spreminja in se ni spremenil v poročevalskem obdobju. Možnosti prerazvrstitev so opredeljene v internih politikah. Banka odobrava vse kredite z namenom prejemanja pogodbenih denarnih tokov. Dolžniški vrednostni papirji so lahko uvrščeni v enega od naslednjih poslovnih modelov: • za posedovanje finančnih sredstev z namenom prejemanja pogodbenih denarnih tokov; • za posedovanje finančnih sredstev z namenom prejemanja pogodbenih denarnih tokov ali prodajo; • ostalo (trgovanje) – z namenom prejemanja denarnih tokov s prodajo finančnih sredstev. UniCredit Leasing, d.o.o. je uvrstil vsa svoja finančna sredstva v poslovni model za posedovanje finančnih sredstev z namenom prejemanja pogodbenih denarnih tokov. SPPI test za kredite izvajajo prodajni oddelki. Banka nudi prebivalstvu standardne kredite. Posledično je bil test opravljen za vse obstoječe vrste pogodb in ga bo opravila v bodoče za nove vrste pogodb. Krediti, odobreni pravnim osebam, niso standardizirani, zato se test opravi za vsako posamezno pogodbo. Če je rezultat testa negativen, se finančno sredstvo razvrsti v kategorijo finančnih sredstev obvezno merjenih po pošteni vrednosti prek poslovnega izida. a) Finančna sredstva, merjena po odplačni vrednosti Finančno sredstvo je merjeno po odplačni vrednosti, če sta izpolnjena oba spodaj navedena pogoja: • sredstvo je uvrščeno v poslovni model, katerega cilj je posedovanje finančnih sredstev z namenom prejemanja pogodbenih denarnih tokov; • v skladu s pogodbenimi pogoji finančnega sredstva na določene datume prihaja do denarnih tokov, ki so izključno odplačila glavnice in obresti na neporavnano glavnico. Vsi krediti so pripoznani po odplačni vrednosti, razen tistih, ki ne prestanejo uspešno SPPI testa. Prihodki iz obresti od oslabljenih finančnih sredstev, merjenih po odplačni vrednosti, so pripoznani, če Skupina pričakuje njihovo plačilo ali ko prejeme plačilo. V poglavju Uporaba ocen in predpostavk je opredeljeno, kako Skupina oslabi finančna sredstva, merjena po odplačni vrednosti. Naslednje oblike prodaj ne ogrozijo poslovnega modela, katerega cilj je posedovanje finančnih sredstev z namenom prejemanja pogodbenih denarnih tokov: • prodaje, ki ne povzročijo računovodske odprave pripoznanja finančnega sredstva, kot so repo posli ali listinjenje; ali • prodaje, ki so posledica poslabšanja kreditnega tveganja finančnega sredstva; ali • prodaje, ki niso višje od 5 % knjigovodske vrednosti relevantnega portfelja na koncu preteklega letnega poročevalskega obdobja (ne glede na pogostost prodaj); ali • prodaje, ki se izvedejo blizu zapadlosti; ali • prodaje, ki niso pogoste – ta izjema se oceni za vsak primer posebej z vključitvijo matične družbe. Finančna sredstva, merjena po odplačni vrednosti, zajemajo tudi druga finančna sredstva, to so terjatve za provizije, ki ne sodijo v izračunavanje odplačne vrednosti finančnih sredstev, prehodno nezaračunane prihodke za bančne produkte, terjatve za prodana finančna sredstva, terjatve do kupcev in terjatve v obračunu iz poslovnih razmerij. UniCredit Bank · 2018 Letno poročilo 77 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev b) Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Finančna sredstva se razvrstijo in merijo po pošteni vrednosti prek drugega vseobsegajočega donosa, če sta izpolnjena oba spodaj navedena pogoja: • sredstvo je uvrščeno v poslovni model, katerega cilj je posedovanje finančnih sredstev z namenom prejemanja pogodbenih denarnih tokov ali prodaja; • v skladu s pogodbenimi pogoji finančnega sredstva na določene datume prihaja do denarnih tokov, ki so izključno odplačila glavnice in obresti na neporavnano glavnico. Ta portfelj vključuje lastniške in dolžniške vrednostne papirje. Banka se je za strateške kapitalske instrumente nepreklicno odločila, da bo poznejše spremembe poštene vrednosti zanje predstavila v drugem vseobsegajočem donosu. Po prvotnem izkazovanju se finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa, izmerijo po njihovih poštenih vrednostih. Tržna vrednost na borzi ne odraža vedno poštene vrednosti dolžniških vrednostnih papirjev. V tem primeru Skupina ugotavlja pošteno vrednost dolžniških vrednostnih papirjev z metodo vrednotenja preko modela, kjer pri določitvi cene upošteva krivuljo obrestne zamenjave in premijo za kreditno tveganje za določen dolžniški vrednostni papir. Premija za kreditno tveganje se določi s pomočjo primerljivih obveznic z enako zapadlostjo. Pošteno vrednost lastniških vrednostnih papirjev, ki ne kotirajo na borzi, pa Skupina ugotavlja z uporabo ustreznih modelov. Sprememba poštene vrednosti pri finančnem sredstvu, merjenem po pošteni vrednosti prek drugega vseobsegajočega donosa, se pripozna neposredno v izkazu drugega vseobsegajočega donosa, razen izgub zaradi oslabitve dolžniških instrumentov in deviznih dobičkov in izgub. Ko se za dolžniško finančno sredstvo odpravi pripoznanje, se prej pripoznani nabrani dobiček ali izguba pripozna v poslovnem izidu, medtem ko za kapitalske instrumente ostane pripoznan v drugem vseobsegajočem donosu. Obresti, izračunane po metodi veljavnih obresti, se obračunavajo dnevno in se pripoznajo v poslovnem izidu. Dividende za kapitalski instrument se pripoznajo v poslovnem izidu, ko je uveljavljena pravica Skupine do plačila. V poglavju Uporaba ocen in predpostavk je opredeljeno, kako jih Skupina oslabi. c) Finančna sredstva po pošteni vrednosti prek poslovnega izida instrumentov, ki se obravnavajo skupaj in za katere obstajajo dokazi o nedavnem kratkoročnem pobiranju dobičkov. Tudi izvedeni finančni instrumenti so uvrščeni v posesti za trgovanje, razen če so instrumenti za varovanje pred tveganjem. Po začetnem pripoznanju se ti vrednostni papirji merijo in pripoznavajo po pošteni vrednosti, ki je enaka tečaju na organiziranem trgu vrednostnih papirjev ali izračunana z modelom vrednotenja. Model vrednotenja poštene vrednosti upošteva krivuljo obrestne zamenjave in premijo za kreditno tveganje za določen dolžniški vrednostni papir. Premija za kreditno tveganje se določi s pomočjo primerljivih obveznic z enako zapadlostjo. Skupina vključuje realizirane in nerealizirane dobičke in izgube v postavki izkaza poslovnega izida »Čisti dobički / izgube iz finančnih sredstev in obveznosti, namenjenih trgovanju«. Obresti iz vrednostnih papirjev za trgovanje se obračunavajo dnevno in so v izkazu poslovnega izida prikazane kot »Prihodki iz obresti«. Krediti in dolžniški vrednostni papirji, ki ne prestanejo SPPI testa, so uvrščeni med »Finančna sredstva obvezno merjena po pošteni vrednosti prek poslovnega izida«. Deleži v investicijskih skladih so vedno uvrščeni med »Finančna sredstva obvezno merjena po pošteni vrednosti prek poslovnega izida«. Naložbe v nestrateške kapitalske instrumente, za katere se Banka ni nepreklicno odločila, da bo poznejše spremembe poštene vrednosti zanje predstavila v drugem vseobsegajočem donosu so obvezno merjene po pošteni vrednosti prek poslovnega izida. Skupina označi finančna sredstva po začetnem pripoznanju po pošteni vrednosti skozi poslovni izid, ker ta oznaka znatno zmanjša nedoslednost merjenja, ki bi sicer izhajala iz merjenja izvedenega finančnega instrumenta kot v posesti za trgovanje ter merjenja osnovnega finančnega sredstva po metodi veljavnih obresti. Posojila, merjena po pošteni vrednosti skozi poslovni izid, so posojila s fiksno obrestno mero, ki so zavarovana pred tveganjem po referenčni obrestni meri posojila z zamenjavo obrestnih mer. Posojila so pripoznana po pošteni vrednosti skozi poslovni izid, da bi se s tem izognili napakam pri predstavitvi ekonomske vsebine transakcije. Skupina ugotavlja pošteno vrednost posojila najmanj enkrat mesečno. V letih 2018 in 2017 Skupina ni pripoznala posojil, merjenih po pošteni vrednosti skozi poslovni izid. d) Izvedeni finančni instrumenti Finančna sredstva, ki niso uvrščena v katero izmed zgornjih kategorij, so merjena po pošteni vrednosti prek poslovnega izida. Ta kategorija vključuje finančna sredstva v posesti za trgovanje in tista, ki jih Skupina ob začetnem pripoznanju določi za merjenje po pošteni vrednosti prek poslovnega izida. Finančno sredstvo je uvrščeno kot v posesti za trgovanje, če je pridobljeno ali prevzeto v glavnem z namenom prodaje ali ponovnega nakupa v kratkem roku ali če je del portfelja prepoznanih finančnih 78 2018 Letno poročilo · UniCredit Bank Pri svojem rednem poslovanju Skupina sklepa posle z izvedenimi finančnimi instrumenti, ki predstavljajo majhno začetno naložbo v primerjavi z nazivno vrednostjo pogodbe. Uporabljani izvedeni finančni instrumenti vključujejo obrestne, valutne in blagovne terminske pogodbe (forward), zamenjave (swap) in opcije (option). Skupina uporablja te finančne instrumente za varovanje pred obrestnim in valutnim tveganjem, s katerima se srečuje pri svojem poslovanju na finančnih trgih, aktivno odpira svoje pozicije ter jih prodaja strankam. Izvedeni finančni instrumenti se v izkazu finančnega položaja pripoznajo po pošteni vrednosti. Poštene vrednosti so določene na podlagi objavljenih cen na delujočem trgu, z uporabo modelov diskontiranih denarnih tokov ali uporabo modelov za opcijsko vrednotenje, odvisno od posameznega izvedenega finančnega instrumenta. Poštena vrednost izvedenih finančnih instrumentov vključuje prilagoditve zaradi kreditnega tveganja nasprotne stranke, tveganja financiranja, stroškov zaprtja pozicije in OIS diskontiranja. Spremembe poštene vrednosti izvedenih finančnih instrumentov, ki ne predstavljajo instrumentov za varovanje pred tveganjem, se izkazujejo v postavki »Čisti dobički / izgube iz finančnih sredstev in obveznosti, namenjenih trgovanju«. Vsi izvedeni finančni instrumenti se izkazujejo kot sredstva, če je njihova poštena vrednost pozitivna, in kot obveznosti, če je poštena vrednost negativna. Poštena vrednost obrestnih in valutnih izvedenih finančnih instrumentov je njihova tržna cena v sistemu Murex. Murex je IT platforma na ravni matične skupine UniCredit za področje Finančni trgi in zakladništvo. Varovanje poštene vrednosti pred tveganjem V skladu z MRS 39 varovanje poštene vrednosti pred tveganjem predstavlja varovanje pred izpostavljenostjo spremembam poštene vrednosti pripoznanega sredstva ali obveznosti ali nepripoznane trdne obveze ali določenega dela takšnega sredstva, obveznosti ali trdne obveze, ki jo je mogoče pripisati posameznemu tveganju in lahko vpliva na poslovni izid. Skupina varuje posamezna finančna sredstva ali finančne obveznosti ter portfelj finančnih sredstev ali finančnih obveznosti. MRS 39 ne dovoljuje varovanja čiste vrednosti, ki vključuje sredstva in obveznosti. Skupina uporablja obrestne zamenjave kot instrumente za varovanje. Dobiček ali izguba iz ponovnega merjenja instrumenta za varovanje pred tveganjem po pošteni vrednosti ali valutno sestavino njegove knjigovodske vrednosti se takoj pripozna v poslovnem izidu. Če se varovano postavko sicer meri po nabavni vrednosti, se za dobiček ali izgubo pri varovani postavki, ki ga / jo je mogoče pripisati varovanemu tveganju, prilagodi knjigovodsko vrednost varovane postavke in se dobiček ali izgubo pripozna v poslovnem izidu. Če je pred tveganjem varovana postavka finančno sredstvo, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa, se dobiček ali izguba, pripisljiva varovanemu tveganju, pripozna v poslovnem izidu in ne v izkazu drugega vseobsegajočega donosa. Pri varovanju poštene vrednosti pred tveganjem spremembe izpostavljenosti portfelja finančnih sredstev ali finančnih obveznosti tveganjem zaradi sprememb obrestnih mer, se zahteva v odstavku zgoraj izpolni tako, da se dobiček ali izgubo, ki se lahko pripiše varovani postavki, predstavi v eni sami vrstični postavki v sredstvih oz. obveznostih. proda, odpove ali izkoristi, • varovanje pred tveganjem ne zadošča več sodilom za obračunavanje varovanja pred tveganjem, • Skupina prekliče označitev. Varovanje denarnih tokov pred tveganjem V skladu z MSRP varovanje denarnih tokov služi varovanju pred negotovimi (variabilnimi) denarnimi tokovi v prihodnje. S tem namenom so obrestni denarni tokovi varovanih postavk in povezani izvedeni instrumenti, ki so označeni kot instrumenti varovanja pred tveganjem, projicirani v prihodnost (predvidene transakcije). Varovanje se nanaša na izpostavljenost variabilnosti denarnih tokov, ki so povezani s pripoznanimi sredstvi ali pripoznanimi obveznostmi do virov sredstev ali pa z načrtovano oz. predvideno transakcijo (ali posameznimi deli teh treh), kar bo vplivalo na čisti dobiček. Instrument varovanja je pripoznan po pošteni vrednosti. Varovane postavke so obrestni denarni tokovi (predvidene transakcije) transakcij, ki so v ozadju. Pri slednjih gre lahko za transakcije s strankami ali z vrednostnimi papirji, na strani sredstev ali obveznosti v izkazu finančnega položaja, pri katerih je obrestna mera občutljiva na tržne spremembe. Instrumenti varovanja so katerikoli izvedeni finančni instrumenti, ki lahko varujejo pred izpostavljenostjo variabilnosti relevantnih denarnih tokov. Spremembe poštene vrednosti so razdeljene na učinkovit del, ki ga je mogoče pripisati varovanju, in na neučinkoviti del, ki ga ni mogoče pripisati varovanju. Varovanje šteje kot učinkovito, če so za vsako časovno obdobje neto denarni tokovi, povezani z instrumenti varovanja, v razmiku 80 % do 125 % glede na denarne tokove pred tveganjem varovane postavke (postavk). Učinkoviti deli so pripoznani neposredno v kapitalu (akumulirani drugi vseobsegajoči donos, varovanje denarnih tokov). Neučinkoviti del dobička ali izgube na instrumentu varovanja je pripoznan v izkazu poslovnega izida. Da bi se izognili neučinkovitosti, se pripravljajo projekcije, predvsem za limite in morebitne vzroke neučinkovitosti. Oddelek za tržna tveganja konec vsakega meseca izvede preskus učinkovitosti. Spremembe poštene vrednosti izvedenih finančnih instrumentov, ki izhajajo iz kreditnega tveganja nasprotne stranke, se pripoznajo v izkazu poslovnega izida, v postavki »Spremembe poštene vrednosti pri obračunavanju varovanj pred tveganji«. Skupina preneha obračunavati varovanje pred tveganjem, kadar odpove instrument za varovanje pred tveganjem. Kumulativni dobiček ali izguba iz instrumenta za varovanje pred tveganjem, ki je pripoznan v drugem vseobsegajočem donosu iz obdobja, ko je bilo varovanje pred tveganjem uspešno, prerazvrsti v poslovni izid v istem obdobju, v katerem napovedani denarni tokovi, varovani pred tveganjem, vplivajo na poslovni izid. Skupina se poslužuje varovanja denarnih tokov za upravljanje s tveganji obrestnih mer v skladu z MRS 39.83. Izvedeni finančni instrumenti se ne povezujejo s posameznimi transakcijami. Skupina preneha obračunavati varovanje pred tveganjem, če • instrument za varovanje pred tveganjem preneha veljati ali se UniCredit Bank · 2018 Letno poročilo 79 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev Opredmetena osnovna sredstva (nepremičnine, naprave in oprema) in neopredmetena dolgoročna sredstva razlike med čistim donosom ob odtujitvi, če obstaja, in knjigovodsko vrednostjo sredstva. Opredmetena osnovna in neopredmetena dolgoročna sredstva se pripoznajo po nabavni vrednosti. Skupina je za merjenje po pripoznanju izbrala model nabavne vrednosti, kar pomeni, da nabavno vrednost zmanjša za amortizacijski popravek vrednosti in nabrano izgubo zaradi oslabitve. Naložbene nepremičnine Amortizacija se izračuna z uporabo metode enakomernega časovnega amortiziranja. Zemljišča in sredstva v izgradnji se ne amortizirajo. Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Dobe koristnosti sredstev so razkrite v naslednji tabeli: Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb, ki niso uvrščene na aktivni trg in katerih poštena vrednost ne more biti zanesljivo izmerjena, so merjene po nabavni vrednosti. 31. 12. 2018 31. 12. 2017 Zgradbe 33 let 33 let Vlaganja v tuje objekte 10 let 10 let 4 - 6 let 4 - 6 let Pohištvo, naprave in motorna vozila 4 - 10 let 4 - 10 let Neopredmetena dolgoročna sredstva - programska oprema 5 - 7 let 7 let Računalniška oprema Skupina redno preverja dobo koristnosti sredstev ter po potrebi prilagodi amortizacijsko dobo. Banka se je odločila, da pri programski opremi namesto dobe koristnosti 7 let, ki je veljala za vso programsko opremo, ob začetnem pripoznanju oceni, ali je primernejša doba 7 ali 5 let. Amortizacija za leto 2018 je zaradi te spremembe višja za 113 tisoč evrov. Vlaganja v zakupljene objekte / sredstva se amortizirajo v dobi, ki je krajša, pri čemer se primerjata doba njihove uporabe in preostala doba njihovega zakupa na podlagi metode enakomernega časovnega amortiziranja. Popravila in obnove manjšega obsega se izkažejo v izkazu poslovnega izida. UniCredit Leasing, d.o.o. in posledično Skupina ima v lasti nepremičnine z namenom pridobivanja najemnin. Ob začetnem pripoznanju so merjene po nabavni vrednosti in se amortizirajo z istimi stopnjami amortizacije kot opredmetena osnovna sredstva. Najemi a) Skupina v vlogi najemodajalca Skupina daje sredstva v finančni najem. Pri finančnem najemu se večina tveganj in koristi, povezanih z lastništvom predmeta najema, prenese na najemnika. Sedanja vrednost bodočih najemnin se pripozna kot terjatev iz naslova finančnega najema v postavki Krediti. Prihodki izražajo stalno obdobno stopnjo donosnosti čiste najemodajalčeve naložbe v finančni najem. UniCredit Leasing, d.o.o. daje sredstva tudi v poslovni najem, zato je Skupina v vlogi najemodajalca tudi pri poslovnih najemih. Sredstva, ki so predmet poslovnega najema, so v izkazu finančnega položaja prikazana v postavki Naložbene nepremičnine, če so nepremičnine oz. v postavki Opredmetena osnovna sredstva, če so premičnine. Amortizirajo se enakomerno med trajanjem najema. Tudi prihodki od najemnin (razen plačil, prejetih za opravljene storitve, kot sta zavarovanje in vzdrževanje), se pripoznajo enakomerno med trajanjem najema v postavki Drugi čisti poslovni dobički / izgube. b) Skupina v vlogi najemnika Skupina preverja vrednost svojih opredmetenih osnovnih in neopredmetenih dolgoročnih sredstev, da bi prepoznala, ali utegnejo biti oslabljena. Če obstajajo znamenja oslabljenosti, Skupina opravi preizkus oslabljenosti in oceni nadomestljivo vrednost sredstva (višjo izmed dveh postavk: njegove poštene vrednosti zmanjšane za stroške prodaje ali njegove vrednosti pri uporabi). Kadar je nadomestljiva vrednost sredstva manjša od njegove knjigovodske vrednosti, Skupina zmanjša knjigovodsko vrednost na njegovo nadomestljivo vrednost. Takšno zmanjšanje je izguba zaradi oslabitve. Razveljavitev izgube zaradi oslabitve sredstva se pripozna kot prihodek v izkazu poslovnega izida. Pripoznanje knjigovodske vrednosti posameznega sredstva se odpravi ob odtujitvi ali če od njegove uporabe ali odtujitve ni več pričakovati prihodnjih gospodarskih koristi. Dobički ali izgube, ki izhajajo iz odprave pripoznanja sredstva, se vključijo v poslovni izid, ko se pripoznanje sredstva odpravi. Dobički ali izgube, ki izhajajo iz odprave pripoznanja posameznega sredstva, se izračunajo na podlagi 80 2018 Letno poročilo · UniCredit Bank Skupina ima v poslovnem najemu poslovne prostore. Najemnine se pripoznajo kot strošek po enakomerni časovni metodi v celotni dobi najema. Druga sredstva Druga sredstva sestavljajo zaloge, terjatve za dane predujme in druga sredstva, ki niso izkazana v ostalih postavkah. Finančne obveznosti po odplačni vrednosti Skupina meri finančne obveznosti po odplačni vrednosti, razen postavk »Finančne obveznosti, namenjene trgovanju« in »Izvedeni finančni instrumenti, namenjeni varovanju – obveznosti«, ki izkazujeta negativno tržno vrednost izvedenih finančnih instrumentov in ju Skupina meri po pošteni vrednosti. Druge finančne obveznosti sestavljajo obveznosti za provizije, ki ne sodijo v izračunavanje odplačne vrednosti finančnih obveznosti, obveznosti za kupljena finančna sredstva, obveznosti v obračunu iz poslovnih razmerij, obveznosti do dobaviteljev in druge poslovne obveznosti, ki ustrezajo definiciji finančnega instrumenta. Skupina odpravi pripoznanje finančnih obveznosti, kadar so pogodbene obveznosti izpolnjene, potečejo oziroma so drugače prekinjene. Rezervacije Rezervacija se pripozna, če ima Skupina zaradi preteklega dogodka sedanjo obvezo, če je verjetno, da bo pri poravnavi obveze potreben odtok dejavnikov, ki omogočajo gospodarske koristi, in če je mogoče zanesljivo oceniti znesek obveze. Rezervacije se oblikujejo za: • potencialne izgube v zvezi s tveganji, ki izhajajo iz zunajbilančnih postavk; • jubilejne nagrade, odpravnine in druge obveznosti do zaposlenih; • potencialne izgube v zvezi s pravdnimi spori, v katerih je Skupina udeležena oziroma obstaja nevarnost, da bo udeležena; • druge dogodke, za katere je zelo verjetno, da bo Skupina utrpela odliv finančnih sredstev. Ugodnosti zaposlenih Skupina svojim zaposlenim izplačuje jubilejne nagrade in odpravnine ob upokojitvi. Uvedla je tudi program za zadržanje ključnih zaposlenih. Zaposleni so upravičeni do jubilejnih nagrad, če so pri svojem delodajalcu neprekinjeno zaposleni določeno časovno obdobje. Do odpravnin so upravičeni tisti zaposleni, ki se upokojijo in so bili pred tem v Banki oz. v družbi UniCredit Leasing, d.o.o. zaposleni določeno minimalno časovno obdobje. Sedanjo vrednost obvez za izplačilo jubilejnih nagrad in odpravnin je izračunal za to usposobljen aktuar z uporabo metode predvidene pomembnosti enot. Ključne aktuarske predpostavke, uporabljene pri izračunu sedanje vrednosti omenjenih obvez, so naslednje: • diskontna mera – kot diskontna mera so uporabljeni na dan izkaza finančnega položaja znani tržni donosi obveznic, katerih izdajatelji so družbe iz evro območja; za leto 2018 zanaša 1,9 %; in 1,75 % za leto 2017; • ocenjeno povečanje prihodnjih plač; • stopnje smrtnosti – tabela smrtnosti v Sloveniji v letih 2000 – 2002; • fluktuacija zaposlenih na podlagi zabeleženih podatkov o zaposlenih v prejšnjih letih; • starost ob upokojitvi: 65 let za moške in 63 let za ženske; • tekoči podatki o zaposlenih (trajanje zaposlitve, starost, spol, povprečni zaslužki); • povprečna mesečna plača v Republiki Sloveniji. Znesek obvez, ki izhajajo iz jubilejnih nagrad in odpravnin zaposlenim, je pripoznan kot sedanja vrednost pričakovanih prihodnjih plačil. Aktuarski dobički in izgube za odpravnine so pripoznani v akumuliranem drugem vseobsegajočem donosu. Skupina plačuje prispevke za pokojninsko zavarovanje v skladu z zakonodajo. Prispevki predstavljajo stroške v obdobju, na katerega se nanašajo, in so v izkazu poslovnega izida prikazani med stroški dela. Plačilo z delnicami V skladu z MSRP 2 je matična skupina UniCredit vzpostavila srednjedo dolgoročen program nagrajevanja z delnicami in delniškimi opcijami UniCredit S.p.A. Program je bil vzpostavljen z namenom spodbujanja pripadnosti in motivacije izbranih managerjev in zaposlenih k doseganju strateških ciljev matične skupine. Plačilne transakcije so poravnane s kapitalom. V skladu z MSRP so članice matične skupine UniCredit, katerih zaposlenim so bile dodeljene delnice, zavezane plačati matični družbi izmerjeno obveznost za razporeditev njihovim zaposlenim. Delniški kapital skupine Delniški kapital je sestavljen iz vpoklicanega osnovnega kapitala, kapitalskih rezerv, akumuliranega drugega vseobsegajočega donosa (pri poslih z vrednostnimi papirji, merjenimi po pošteni vrednosti prek drugega vseobsegajočega donosa, pri varovanju denarnih tokov in pri aktuarskih čistih dobičkih / izgubah za pokojninske programe), rezerv iz dobička in čistega dobička poslovnega leta. Le zadržani dobiček vključno s čistim dobičkom poslovnega leta je izplačljiv. Prihodki in odhodki Obrestni prihodki in odhodki V izkazu poslovnega izida se obrestni prihodki in odhodki pripoznajo v ustreznem obdobju po metodi veljavnih (efektivnih) obresti. Veljavna obrestna mera je obrestna mera, ki razobresti predvidene bodoče denarne tokove finančnega instrumenta v predvideni dobi njegovega trajanja na čisto knjigovodsko vrednost finančnega sredstva ali finančne obveznosti. Izračun veljavne obrestne mere vključuje vse prejete ali dane provizije med pogodbenima strankama, ki se nanašajo na pogodbo. Obrestni prihodki od nedonosnih terjatev se pripoznajo, ko so plačani. Obrestni prihodki od Finančnih sredstev po pošteni vrednosti prek poslovnega izida so tudi vključeni med obrestnimi prihodki. Ne vključujejo pa transakcijskih stroškov in drugih provizij, saj so ti pripoznani takoj, ko so plačani ali prejeti, in sicer v pravi izmed postavk »Čisti dobički / izgube iz finančnih sredstev in obveznosti v posesti za trgovanje«, »Čisti dobički / izgube iz finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje« oziroma »Čisti dobički / izgube iz finančnih sredstev in obveznosti, določenih za merjenje po pošteni vrednosti prek poslovnega izida«. Prihodki iz dividend Vsi prihodki iz dividend, tako tisti iz finančnih sredstev v posesti za trgovanje, finančnih sredstev merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje ter finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa so pripoznani v postavki »Prihodki iz dividend«. Prihodki in odhodki iz provizij ter drugi poslovni dobički Provizije, ki so vključene v izračun efektivne obrestne mere, so pripoznane med obrestnimi prihodki oz. odhodki. Postavki »Prihodki iz opravnin (provizij)« in »Odhodki za opravnine (provizije)« torej vključujeta le tiste provizije, ki niso vključene v izračun efektivne obrestne mere. UniCredit Bank · 2018 Letno poročilo 81 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev Ostali prihodki iz provizij in drugi poslovni prihodki se pripoznajo v izkazu poslovnega izida, če podjetje izpolnjuje svojo pogodbeno obveznost, v skladu s pravili MSRP 15 Prihodki iz pogodb s kupci. Pri tem velja, da: • če je obveznost izpolnjena v določenem trenutku (angl. point in time), se z njo povezani prihodki pripoznajo v izkazu poslovnega izida, ko je storitev opravljena; • če je obveznost izpolnjena skozi določeno časovno obdobje (angl. over time), se z njo povezani prihodki pripoznajo v izkazu poslovnega izida skladno z napredkom pri izpolnjevanju obveznosti. Zaradi zgoraj omenjenih pravil se transakcijske provizije (npr. provizije iz trgovanja z vrednostnimi papirji) knjižijo v trenutku, ko je storitev opravljena, medtem ko se provizije za upravljanje sredstev, za varno hrambo in provizije za prevzem obveznosti običajno pripoznajo v času trajanja pogodbe (metoda vložkov). Če čas unovčenja ni usklajen z načinom izpolnjevanja obveznosti, Skupina obračuna pogodbeno sredstvo ali pogodbeno obveznost za del prihodkov, ki so nastali v določenem obdobju ali ki se odložijo do naslednjih obdobij. Znesek prihodkov, povezanih s provizijami in drugimi prihodki iz poslovanja, se izmeri na podlagi pogodbenih določil. Če je znesek, ki je predviden s pogodbo, v celoti ali delno odvisen od variabilnosti, se prihodki knjižijo v višini najverjetnejšega zneska, ki ga Skupina pričakuje. Če se pogodba nanaša na različno blago/storitve, katerih obveznosti niso izpolnjene istočasno, se prihodki razporedijo med različne obveznosti, sorazmerno s samostojno ceno posameznega dostavljenega blaga ali storitve in se bodo zato pripoznali v izkazu poslovnega izida na podlagi časa izpolnitve posamezne obveznosti. Obdavčenje Davki se izračunavajo v skladu s predpisi o davku od dohodkov pravnih oseb. Na splošno obdavčljiv dobiček temelji na dobičku ali izgubi, pripoznani v izkazu poslovnega izida, ki je pripravljen v skladu z MSRP. Prilagojen je v skladu z davčnimi predpisi. Odhodek za davek (prihodek od davka) obsega odmerjeni odhodek za davek (odmerjeni prihodek od davka) in odloženi odhodek za davek (odloženi prihodek od davka). Za leti 2017 in 2018 je davčna stopnja za davek od dohodkov pravnih oseb in za odložene davke 19 %. Odloženi davki so namenjeni pokrivanju začasne razlike, ki nastane med davčno vrednostjo sredstev in obveznosti ter njihovo knjigovodsko vrednostjo v izkazu finančnega položaja. Odložene obveznosti za davek so zneski davka iz dobička, ki jih bo treba poravnati v prihodnjih obdobjih glede na obdavčljive začasne razlike. Odložene terjatve za davek so zneski davka iz dobička, ki bodo povrnjeni v prihodnjih obdobjih glede na odbitne začasne razlike, prenos neizrabljenih davčnih izgub v naslednja obdobja in prenos neizrabljenih davčnih dobropisov v naslednja obdobja. 82 2018 Letno poročilo · UniCredit Bank Skupina mora plačevati različne posredne davke iz poslovanja. Ti so vključeni kot sestavina administrativnih stroškov. Davek na finančne storitve znižuje prihodke, na katere se nanaša. Izkaz denarnih tokov Pri poročanju o denarnih tokovih so denarna sredstva opredeljena kot denar v blagajni in na transakcijskih računih pri bankah, vključno z obveznimi rezervami pri Banki Slovenije. Denarni ustrezniki so opredeljeni kot kratkoročne hitro unovčljive naložbe, ki so takoj pretvorljive v znane zneske denarnih sredstev in pri katerih je tveganje spremembe vrednosti nepomembno. Skupina sestavi izkaz denarnih tokov po posredni metodi. Za prikaz denarnih tokov pri poslovanju Skupina poslovni izid pred obdavčitvijo dopolni z učinki naslednjih nedenarnih postavk: amortizacija, oslabitve, dobički in izgube iz tečajnih razlik, dobički in izgube ob spremembi pogojev odplačevanja dolžniških finančnih instrumentov, dobički in izgube pri prodaji opredmetenih sredstev in neopredmetenih dolgoročnih sredstev, iz financiranja in naložbenja. V skladu s Sklepom o poslovnih knjigah in letnih poročilih bank in hranilnic Skupina ne glede na to, da sestavi izkaz denarnih tokov po posredni metodi, za prikaz denarnih tokov pri naložbenju in denarnih tokov pri financiranju uporabi neposredno metodo. Druge informacije Pogojne obveznosti in prevzete finančne obveznosti Prevzete finančne obveznosti za jamstva (garancije), tako finančna kot storitvena, predstavljajo nepreklicne obveze Banke za plačila, če komitent Banke ne izpolni svojih obveznosti do tretjih oseb. Merjene so v skladu z MRS 37 dokler niso izpolnjeni kriteriji za pripoznanje v Izkazu finančnega položaja. Listinski akreditivi so nepreklicne pogojne obveznosti Banke, ki na zahtevo stranke (kupca) izvrši ali sprejme plačilo upravičenca (prodajalca), ali plača ali sprejme menice, ki jih je dvignil upravičenec ob predložitvi predpisanih dokumentov, skladno z izpolnjenimi zahtevami izdanega akreditiva. Listinski akreditivi so zavarovani, podobno kot posojila oz. prevzete finančne obveznosti za jamstva, glede na kreditno sposobnost in uspešnost posojilojemalca. Osnovni namen prevzetih in nepreklicnih obveznosti iz odobrenih posojil je, skladno s sklenjenim dogovorom, zagotovitev sredstev komitentu Banke. Prevzete in nepreklicne obveznosti iz odobrenih posojil sestavljajo nečrpana sredstva iz odobrenih posojil in neporabljeni, odobreni limiti na transakcijskih računih komitentov Banke. Tveganja, povezana s pogojnimi obveznostmi in prevzetimi finančnimi obvezami, se ocenjujejo podobno kot tveganja pri odobrenih posojilih, pri čemer so upoštevani kreditna sposobnost in uspešnost posojilojemalca ter vrednosti prejetih zavarovanj in garancij tretjih strank. • POSLOVANJE PO POOBLASTILIH IN POSREDNIŠKO POSLOVANJE Sredstva, ki jih Banka upravlja kot pooblaščenec, zaupnik ali posrednik, niso sredstva Banke in kot taka niso vključena v računovodske izkaze Banke. S tem poslovanjem Banka zasluži provizijo, ki je izkazana kot Opravnina od posredniških in komisijskih poslov v izkazu poslovnega izida Banke. • • REGULATORNE ZAHTEVE Za Skupino veljajo regulatorne zahteve Banke Slovenije. Ti predpisi vključujejo limite in druge omejitve, ki se nanašajo na zahteve za minimalno kapitalsko ustreznost, klasifikacijo posojil in zunajbilančnih obveznosti in rezervacij za kritje kreditnega tveganja, likvidnosti, obrestnih in deviznih pozicij. Prav tako pojasnila o poslovanju po pooblastilu in o posredniškem poslovanju zahteva Banka Slovenije, ne zahtevajo jih MSRP. Na dan 31. december 2018 sta bila Skupina in njeno poslovanje v vseh pomembnih pogledih usklajena z zakonodajnimi zahtevami. • • Povezane osebe Za namene finančnega razkritja, v skladu z Uredbo Komisije (EU) št. 632/2010 od 19. julija 2010, velja besedilo MRS 24, ki opredeljuje koncept povezanih oseb in identificira odnose med povezano osebo in subjektom, ki pripravlja finančne izkaze. MRS 24 prav tako pojasnjuje, da mora razkritje vsebovati transakcije, v katere so vstopile podrejene družbe pridruženih podjetij in podrejene družbe podjetij s skupnim vlaganjem. V skladu z MRS 24 so povezane osebe Skupine: • podjetja, ki sodijo v matično skupino UniCredit in podjetja, ki jih matična skupina UniCreidt kontrolira, vendar niso vključena v konsolidacijo: • pridružena podjetja in podjetja s skupnim vlaganjem kot tudi njihove podrejene družbe; • »ključno poslovodno osebje« Skupine; • ožji člani družine »ključnega poslovodnega osebja« in podjetja, ki jih kontrolira (ali skupno kontrolira) ključno poslovodno osebje ali njihovi ožji člani družine. Ključno poslovodno osebje so osebe, ki imajo izvršilno moč in odgovornost za načrtovanje, usmerjanje in nadzor nad dejavnostmi Skupine, neposredno ali posredno. Za upravljanje transakcij s povezanimi osebami se je potrebno obrniti na ureditev, ki jo vzpostavljajo: uredba CONSOB, okrožnica banke Banca d’Italia št. 263/2006 in Zakon o gospodarskih družbah, člen 545. Pri proučevanju vseh možnih oblik povezav med strankami je pozornost namenjena zlasti vsebini povezave in ne le pravni obliki. Novi standardi ter obsoječi spremenjeni v letu 2018 V tekočem poročevalskem obdobju veljajo naslednji novi standardi, spremembe obstoječih standardov in nova pojasnila, ki jih je izdal Odbor za mednarodne računovodske standarde (OMRS) ter sprejela EU: • MSRP 9 ‘Finančni instrumenti’, ki ga je EU sprejela 22. novembra • 2016 (velja za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje), MSRP 15 ‘Prihodki iz pogodb s kupci’ in spremembe MSRP 15 ‘Datum začetka veljavnosti MSRP 15’, ki ga je EU sprejela 22. septembra 2016 (velja za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje), Spremembe MSRP 2 ‘Plačilo na podlagi delnic’ – Razvrščanje in merjenje plačilnih transakcij na podlagi delnic, ki jih je EU sprejela 26. februarja 2018 (veljajo za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje), Spremembe MSRP 4 ‘Zavarovalne pogodbe’ – Uporaba MSRP 9 Finančni instrumenti skupaj z MSRP 4 Zavarovalne pogodbe, ki jih je EU sprejela 3. novembra 2017 (veljajo za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje, oz. ob prvi uporabi MSRP 9 ‘Finančni instrumenti’), Spremembe MRS 40 ‘Naložbene nepremičnine’ – Prenos naložbenih nepremičnin, ki jih je EU sprejela 14. marca 2018 (veljajo za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje), Spremembe MSRP 1 in MRS 28 ‘Izboljšave MSRP (obdobje 2014–2016)’, ki izhajajo iz letnega projekta za izboljšanje MSRP (MSRP 1, MSRP 12, MRS 28), predvsem z namenom odpravljanja neskladnosti in razlage besedila, ki jih je EU sprejela 7. februarja 2018 (spremembe MSRP 1 in MRS 28 je treba uporabljati za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje), OPMSRP 22 ‘Transakcije in predplačilo nadomestila v tuji valuti’, ki jih je EU sprejela 28. marca 2018 (velja za letna obdobja, ki se začnejo 1. januarja 2018 ali pozneje). Sprejetje teh novih standardov, sprememb k obstoječim standardom in pojasnil ni privedlo do pomembnih sprememb računovodskih izkazov skupine. Na datum odobritve teh računovodskih izkazov naslednji standardi, spremembe obstoječega standarda in pojasnilo, ki jih je izdal OMRS in sprejela EU, niso še stopili v veljavo: • MSRP 16 ‘Najemi’, ki ga je EU sprejela 31. oktobra 2017 (velja za letna obdobja, ki se začnejo 1. januarja 2019 ali kasneje), • Spremembe MSRP 9 ‘Finančni instrumenti’ – Elementi predplačila z negativnim nadomestilom, ki jih je EU sprejela 22. marca 2018 (veljajo za letna obdobja, ki se začnejo 1. januarja 2019 ali pozneje), • OPMSRP 23 ‘Negotovost pri obravnavi davka iz dobička’, ki jih je EU sprejela 23. oktobra 2018 (velja za letna obdobja, ki se začnejo 1. januarja 2019 ali pozneje). Skupina se je odločila, da ne uporabi tega novega standarda, spremembe obstoječega standarda in novega pojasnila pred datumi njihove veljavnosti. Skupina predvideva, da uvedba teh novih standardov in sprememb obstoječih standardov v obdobju začetne uporabe ne bo imela pomembnega vpliva na njene računovodske izkaze, razen, kar zadeva MSRP 16. MSRP 16, ki je začel veljati 1. januarja 2019, prinaša spremembe dosedanjih mednarodnih računovodskih načel o najemih, predvsem spremembe MRS 17. UniCredit Bank · 2018 Letno poročilo 83 Računovodski izkazi Banke in Skupine Povzetek računovodskih usmeritev MSRP 16 uvaja novo definicijo najemov in pri računovodenju najemov na strani najemodajalcev ohranja dosedanje razlikovanje med dvema vrstama najemov (poslovnim in finančnim). Na strani najemnikov pa novi računovodski standard za vse vrste najemov predpisuje pripoznavanje sredstva kot pravice do uporabe tega sredstva ter obveznosti za prihodnja plačila, ki jih zahteva najemna pogodba. Ob začetnem pripoznanju se takšna sredstva izmerijo na podlagi denarnih tokov najemne pogodbe. Po začetnem pripoznanju se pravica do uporabe izmeri na podlagi pravil, določenih za sredstva po MRS 16, MRS 38 ali MRS 40, torej z uporabo modela nabavne vrednosti, zmanjšane za akumuliran amortizacijski popravek vrednosti in akumulirano izgubo zaradi oslabitve. Aktivnosti za razvoj pravil, načel in informacijskih sistemov, ki se bodo uporabljali za pravilno ovrednotenje novih sredstev in obveznosti ter kasnejši izračun s tem povezanih ekonomskih učinkov, so v zaključni fazi. Skupina se je odločila (tako kot dovoljuje standard), da se določila MSRP 16 ne bodo uporabljala za najem neopredmetenih sredstev, kratkoročnih najemov, krajših od 12 mesecev in za najeme z nizko vrednostjo sredstva, kar standard dovoljuje. Za izračun obveznosti iz najema in pravice do uporabe, Skupina diskontira prihodnje najemnine z diskontno mero, ki je implicitna v pogodbi. V primeru, da pogodba ne določa obrestne mere, se uporabi predpostavljena obrestna mera za izposojanje. Ta se določi na podlagi stroškov financiranja za obveznosti s podobnim trajanjem in podobnim jamstvom tistih, ki so implicitni v najemni pogodbi. Prihodnje najemnine, ki se diskontirajo, se določijo na podlagi pogodbenih določil in brez DDV, saj se obveznost plačila tega davka začne na datum, ko najemodajalec izda račun in ne na datum začetka najema. Pri določanju trajanja najema se upošteva nepreklicno obdobje, ki je določeno v pogodbi, v katerem ima najemnik pravico uporabljati sredstvo, pri čemer se upošteva tudi opcijo podaljšanja, če je najemnik zelo gotov, da bo to opcijo uporabil. Pri pogodbah, ki najemniku omogočajo, da najem avtomatsko podaljša po preteku določenega števila let, se trajanje najema določi ob upoštevanju dejavnikov, kot so dolžina prvega obdobja, obstoj načrtov za odpoved pogodbe o najemu za najeto sredstvo in morebitne druge okoliščine, iz katerih je mogoče ugotoviti precejšnjo gotovost podaljšanja. Skupina se je odločila, da ne bo preračunala primerjalnih podatkov in da se za namene prvega sprejetja MSRP 16 vrednost pravice do uporabe enači z obveznostmi iz najema. Negativen učinek na količnik navadnega lastniškega temeljnega kapitala (CET1), ki izhaja iz sprejetja MSRP 16, v smislu uporabe novih pravil z vidika najemnika, se predhodno oceni na 26 bps, brez davčnega učinka za Banko in 27 bps za Skupino. 84 2018 Letno poročilo · UniCredit Bank Novi standardi in spremembe obstoječih standardov, ki jih je izdal OMRS, vendar jih EU še ni sprejela Trenutno se MSRP, kot jih je sprejela EU, bistveno ne razlikujejo od predpisov, ki jih je sprejel Odbor za mednarodne računovodske standarde (OMRS) z izjemo naslednjih novih standardov in sprememb obstoječih standardov, ki na dan 1.3.2019 (spodaj navedeni datumi začetka veljavnosti veljajo za MSRP, kot jih je izdal OMRS): • MSRP 14 ‘Zakonsko predpisani odlog plačila računov’ (velja za letna obdobja, ki se začnejo 1. januarja 2016 ali pozneje) – Evropska komisija je sklenila, da ne bo pričela postopka potrjevanja tega vmesnega standarda ter da bo počakala na izdajo njegove končne verzije, • MSRP 17 ‘Zavarovalne pogodbe’ (velja za letna obdobja, ki se začnejo 1. januarja 2021 ali pozneje), • Spremembe MSRP 3 ‘Poslovne združitve’ – Opredelitev poslovnega subjekta (v veljavi za poslovne združitve, pri katerih je datum prevzema enak datumu začetka prvega letnega poročevalskega obdobja, ki se začne 1. januarja 2020 ali pozneje, in pridobitve sredstev, do katerih pride na začetku tega obdobja ali po njem), • Spremembe MSRP 10 ‘Konsolidirani računovodski izkazi’ in MRS 28 ‘Naložbe v pridružena podjetja in skupne podvige’ – Prodaja ali prispevanje sredstev med vlagateljem in njegovim pridruženi podjetjem oz. skupnim podvigom, ter nadaljnje spremembe (datum pričetka veljavnosti je odložen za nedoločen čas do zaključka raziskovalnega projekta v zvezi s kapitalsko metodo), • Spremembe MRS 1 ‘Predstavljanje računovodskih izkazov’ in MRS 8 ‘Računovodske usmeritve, spremembe računovodskih ocen in napake’ – Opredelitev Bistven (velja za letna obdobja, ki se začnejo 1. januarja 2020 ali pozneje), • Spremembe MRS 19 ‘Zaslužki zaposlenih’ – Načrtovanje sprememb, omejitev in poravnav (veljajo za letna obdobja, ki se začnejo 1. januarja 2019), • Spremembe MRS 28 ‘Naložbe v pridružena podjetja in skupne podvige’ – Dolgoročni deleži v pridruženih podjetjih in skupnih podvigih (veljajo za letna obdobja, ki se začnejo 1. januarja 2019 ali pozneje), • Spremembe različnih standardov ‘Izboljšave MSRP (obdobje 2015– 2017)’, ki izhajajo iz letnega projekta za izboljšanje MSRP (MSRP 3, MSRP 11, MRS 12 in MRS 23), predvsem z namenom odpravljanja neskladnosti in razlage besedila (veljajo za letna obdobja, ki se začnejo 1. januarja 2019 ali pozneje), • Spremembe sklicevanj na konceptualni okvir v MSRP (veljajo za letna obdobja, ki se začnejo 1. januarja 2020 ali pozneje). Skupina predvideva, da uvedba teh novih standardov in sprememb obstoječih standardov v obdobju začetne uporabe ne bo imela pomembnega vpliva na njene računovodske izkaze. Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnila k izkazu finančnega položaja Pojasnilo 1: Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Banka EUR 1.000 31. 12. 2018 Denar v blagajni Stanja pri centralni banki Obvezne rezerve pri centralni banki Vpogledne vloge pri bankah Oslabitve Skupaj Skupina 31. 12. 2017 31. 12. 2018 31. 12. 2017 15.592 10.943 15.592 10.943 166.240 359.410 166.240 359.410 166.240 359.410 166.240 359.410 56.597 42.207 56.597 42.207 (7) - (7) - 238.422 412.560 238.422 412.560 Evropska centralna banka (ECB) od kreditnih institucij s sedežem v sodelujočih državah članicah zahteva, da izpolnjujejo obvezne rezerve, ki jih je potrebno imeti na računih pri ECB in pri sodelujočih nacionalnih centralnih bankah (sodelujoče NCB). Za primerno se šteje, da imajo institucije te rezerve le na računih pri sodelujočih NCB. Obveznosti do bank in centralnih bank v evro območju ter obveznosti do ECB ni potrebno vključevati v sistem izpolnjevanja obveznih rezerv Evrosistema. Vpogledne vloge pri bankah Banka EUR 1.000 Bruto vrednost Oslabitve Skupaj - Neto vrednost Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 56.597 42.207 56.597 42.207 (7) - (7) - 56.590 42.207 56.590 42.207 Pojasnilo 2: Finančna sredstva, namenjena trgovanju Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 31. 12. 2018 Raven 1 Raven 2 31. 12. 2017 Skupaj Raven 1 Raven 2 Skupaj Krediti 2 - 2 5 - 5 Izvedeni finančni instrumenti namenjeni trgovanju - 8.618 8.618 - 6.927 6.927 Terminske pogodbe (Forward) - 110 110 - 929 929 Opcije (Option) - 68 68 - 70 70 - 8.440 8.440 - 5.928 5.928 2 8.618 8.620 5 6.927 6.932 Zamenjave (Swap) Skupaj Vsa finančna sredstva, namenjena trgovanju, so bila kot taka označena ob začetnem pripoznanju. UniCredit Bank · 2018 Letno poročilo 85 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Gibanje dolžniških vrednostnih papirjev EUR 1.000 2018 2017 - - Povečanje 59.463 149.875 Nakup 59.463 149.875 Zmanjšanje (59.463) (149.875) (59.463) (149.875) - - Začetno stanje Prodaja/unovčenje Končno stanje Gibanje lastniških vrednostnih papirjev 2018 2017 Začetno stanje EUR 1.000 - - Povečanje - 8.970 Nakup - 8.970 Zmanjšanje - (8.970) - (8.970) - - Prodaja/unovčenje Končno stanje Pojasnilo 3: Finančna sredstva, obvezno merjena po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 31. 12. 2018 Raven 3 Krediti podjetjem 2.694 Naložbe v kapitalske instrumente 1.431 Skupaj 4.125 Banka se je ob prehodu na MSRP 9 odločila, da bo eno od naložb v kapitalske instrumente, ki ni strateška naložba, merila po pošteni vrednosti prek poslovnega izida. Največja izpostavljenost finančnega sredstva kreditnemu tveganju je 1.431 tisoč evrov. Banka ni sklenila kreditnih izvedenih finančnih instrumentov, ki bi zmanjševali to kreditno izpostavljenost. Skupna sprememba poštene vrednosti, ki jo je mogoče pripisati spremembam kreditnega tveganja, je -17 tisoč evrov, v letu 2018 pa -293 tisoč evrov. Gibanje kreditov EUR 1.000 2018 Začetno stanje 2.971 Povečanje 8.325 Nakup 8.053 Pozitivno vrednotenje Zmanjšanje Prodaja/unovčenje Končno stanje 86 2018 Letno poročilo · UniCredit Bank 272 (8.602) (8.602) 2.694 Gibanje naložb v kapitalske instrumente EUR 1.000 2018 Začetno stanje 1.058 Povečanje 373 Tečajne razlike 69 Pozitivno vrednotenje 304 Končno stanje 1.431 Pojasnilo 4: Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 31. 12. 2018 Raven 1 Raven 2 Raven 3 Skupaj Naložbe v kapitalske instrumente - 22.853 92 22.945 Obveznice, Republika Slovenija - 327.954 - 327.954 45.318 - - 45.318 Obveznice, druge države Obveznice, podjetja Oslabitve Skupaj - 12.216 - 12.216 (13) (57) - (70) 45.305 362.966 92 408.363 Gibanje naložb v kapitalske instrumente EUR 1.000 2018 Skupaj Začetno stanje Zmanjšanje Prodaja / unovčenje Negativno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Končno stanje Raven 3 22.978 110 (33) (18) (14) (14) (19) (4) 22.945 92 Vsi dobički in izgube za raven 3 se nanašajo na sredstva, ki so v stanju 31. decembra 2018. Banka se je odločila, da bo po pošteni vrednosti prek drugega vseobsegajočega donosa merila strateške naložbe v kapitalske instrumente. Banka ocenjuje, da je dejstvo, da so naložbe strateške, zadosten razlog, da se njihova poštena vrednost ne pripozna v poslovnem izidu. Stanje naložb na dan 31. december 2018 sestavljajo naslednje naložbe, navedene so njihove poštene vrednosti (v tisoč EUR): Sklad za reševanje bank 22.853 Bankart d.o.o. 60 Swift 32 Banka je v letu 2018 prejela bilančni dobiček družbe Bankart d.o.o. v višini 39 tisoč evrov. Naložba v Bankart je še vedno v stanju na dan 31. december 2018. Dividend ni prejela. Zaradi redne prerazporeditve števila delnic SWIFT se je število delnic, ki pripada Banki, zmanjšalo za 5. Njihova vrednost je bila odtujena za 23 tisoč evrov. Pri odtujitvi je bil pripoznan dobiček v višini 9 tisoč evrov. UniCredit Bank · 2018 Letno poročilo 87 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Gibanje dolžniških vrednostnih papirjev EUR 1.000 2018 Skupaj Raven 3 Začetno stanje 373.044 - Povečanje 140.126 - Nakup 139.424 - 702 - (127.752) - (118.091) - (9.661) - 385.418 - Pozitivno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Zmanjšanje Prodaja / unovčenje Negativno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Končno stanje Oslabitve dolžniških vrednostnih papirjev EUR 1.000 2018 Začetno stanje (62) Oblikovane oslabitve (26) Odpravljene oslabitve 18 Končno stanje (70) Pojasnilo 5: Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 31. 12. 2017 Raven 1 Raven 2 Raven 3 Skupaj Delnice in deleži - 22.868 1.169 24.037 Obveznice, Republika Slovenija - 355.228 - 355.228 Obveznice, banke - 5.548 - 5.548 Obveznice, podjetja - 12.329 - 12.329 Skupaj - 395.973 1.169 397.142 Gibanje lastniških vrednostnih papirjev EUR 1.000 2017 Skupaj Začetno stanje Povečanje Pozitivno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Zmanjšanje Prodaja / unovčenje Tečajne razlike Negativno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Končno stanje Vsi dobički in izgube za raven 3 se nanašajo na sredstva, ki so v stanju 31. decembra 2017. 88 2018 Letno poročilo · UniCredit Bank Raven 3 23.855 958 339 339 339 339 (157) (128) (19) (19) (109) (109) (29) - 24.037 1.169 Gibanje dolžniških vrednostnih papirjev EUR 1.000 2017 Skupaj Raven 3 Začetno stanje 409.069 - Povečanje 137.080 - Nakup 129.757 - 7.323 - (173.044) - (166.744) - (6.300) - 373.105 - Pozitivno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Zmanjšanje Prodaja / unovčenje Negativno vrednotenje - pripoznano v izkazu drugega vseobsegajočega donosa Končno stanje Pojasnilo 6: Finančna sredstva, merjena po odplačni vrednosti Dolžniški vrednostni papirji Gibanje Banka Skupina EUR 1.000 2018 2018 Začetno stanje 7.202 7.202 61 61 Povečanje Nakup 61 61 Zmanjšanje (7.263) (7.263) Unovčenje (7.263) (7.263) - - Končno stanje Banka je ob prehodu na MSRP 9 uvrstila med finančna sredstva merjena po odplačni vrednosti obveznico, ki je bila preteklo leto pripoznana med finančnimi sredstvi v posesti do zapadlosti. V letu 2018 je ta obveznica zapadla. Pri tem ni bil pripoznan dobiček ali izguba. Krediti bankam Banka EUR 1.000 Kratkoročni krediti Oslabitve Skupaj Skupina 31. 12. 2018 31. 12. 2018 37.646 37.646 (9) (9) 37.637 37.637 Gibanje oslabitev kreditov bankam Banka EUR 1.000 Skupina 2018 2018 (2) (2) Oblikovane oslabitve (8) (8) Odpravljene oslabitve 1 1 (9) (9) Začetno stanje Končno stanje UniCredit Bank · 2018 Letno poročilo 89 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Krediti strankam Banka EUR 1.000 31. 12. 2018 Bruto vrednost Oslabitve Neto vrednost Kratkoročni 182.477 (12.991) 169.486 Podjetja 151.023 (10.858) 140.165 Krediti Finančne institucije 1.819 (6) 1.813 Javni sektor 668 - 668 Prebivalstvo 25.841 (1.799) 24.042 2.846 (314) 2.532 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom 280 (14) 266 1.800.477 (45.693) 1.754.784 Podjetja 605.821 (26.438) 579.383 Dolgoročni Finančne institucije 181.589 (4.357) 177.232 Javni sektor 239.131 (87) 239.044 Prebivalstvo 758.176 (14.043) 744.133 12.381 (591) 11.790 3.379 (177) 3.202 Dolgoročni 114 (4) 110 Podjetja 88 (3) 85 Samostojni podjetniki 26 (1) 25 1.983.068 (58.688) 1.924.380 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Finančni najem Skupaj Stanje kreditov zaposlenim na dan 31. december 2018 znaša 18.079 tisoč evrov. 90 2018 Letno poročilo · UniCredit Bank Skupina EUR 1.000 31. 12. 2018 Bruto vrednost Oslabitve Neto vrednost Kratkoročni 182.522 (13.030) 169.492 Podjetja 151.068 (10.897) 140.171 Krediti Finančne institucije 1.819 (6) 1.813 Javni sektor 668 - 668 Prebivalstvo 25.841 (1.799) 24.042 2.846 (314) 2.532 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Dolgoročni Podjetja Finančne institucije 280 (14) 266 1.636.386 (45.113) 1.591.273 605.821 (26.438) 579.383 17.467 (3.750) 13.717 Javni sektor 239.131 (87) 239.044 Prebivalstvo 758.207 (14.070) 744.137 12.381 (591) 11.790 3.379 (177) 3.202 290 (36) 253 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Finančni najem Kratkoročni 290 (36) 253 Dolgoročni Podjetja 222.763 (16.800) 205.962 Podjetja 180.648 (15.838) 164.810 Javni sektor 979 (0) 979 Prebivalstvo 14.585 (535) 14.050 Samostojni podjetniki 26.551 (426) 26.125 2.041.960 (74.979) 1.966.981 Skupaj Stanje kreditov zaposlenim na dan 31. december 2018 znaša 18.950 tisoč evrov. Oslabitve kreditov strankam Banka EUR 1.000 Začetno stanje Oblikovane oslabitve Negativne tečajne razlike Odpravljene oslabitve Odpravljene oslabitve zaradi odpisa Odpravljene oslabitve - obrestni prihodki Končno stanje Skupina 2018 2018 (65.874) (83.139) (16.309) (18.421) (225) (215) 15.435 18.461 7.776 7.776 509 559 (58.688) (74.979) UniCredit Bank · 2018 Letno poročilo 91 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Finančni najem Banka 31. 12. 2018 EUR 1.000 Bruto naložba v najem Skupina 31. 12. 2017 Sedanja vrednost terjatev za najmanjšo vsoto najemnin Bruto naložba v najem 31. 12. 2018 Sedanja vrednost terjatev za najmanjšo vsoto najemnin Bruto naložba v najem 31. 12. 2017 Sedanja vrednost terjatev za najmanjšo vsoto najemnin Bruto naložba v najem Sedanja vrednost terjatev za najmanjšo vsoto najemnin v največ letu dni 45 41 40 36 72.956 68.000 61.950 57.451 v več kot letu dni in ne več kot 5 letih 73 69 92 86 134.607 127.812 117.171 110.492 v več kot 5 letih Skupaj - - - - 10.662 10.266 12.864 12.257 118 110 132 122 218.225 206.078 191.985 180.200 Banka Nezasluženi finančni prihodek Oslabitve neizterljivih terjatev za najmanjše najemnine Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 8 10 12.147 11.785 (4) (5) (16.837) (17.396) Banka in Skupina nimata nezajamčene preostale vrednosti, pripisane v korist najemodajalca in možnih najemnin, pripoznanih kot prihodki v obdobju. Pojasnilo o finančnih najemih je za obe leti prikazano v okviru pojasnila Finančna sredstva, merjena po odplačni vrednosti, saj uvedba MSRP 9 ni imela vpliva na finančne najeme, razen na oslabitve. Druga finančna sredstva Banka EUR 1.000 Terjatve za provizije (opravnine) Oslabitve provizij (opravnin) Prehodno nezaračunani prihodki za bančne produkte Skupina 31. 12. 2018 31. 12. 2018 877 877 (118) (118) 908 908 Terjatve v obračunu 697 697 Druga finančna sredstva 251 506 Oslabitve drugih finančnih sredstev Skupaj (1) (120) 2.614 2.750 Oslabitve drugih finančnih sredstev vključno s provizijami Banka Skupina EUR 1.000 2018 2018 Začetno stanje (128) (246) (60) (61) Oblikovane oslabitve Odpravljene oslabitve Končno stanje 69 69 (119) (238) Prehodno nezaračunani prihodki za bančne produkte Banka EUR 1.000 Začetno stanje Povečanje Zmanjšanje - zaračunani prihodki Končno stanje 92 2018 Letno poročilo · UniCredit Bank Skupina 2018 2018 772 772 683 683 (547) (547) 908 908 Pojasnilo 7: Krediti (po MRS 39) Krediti bankam Banka EUR 1.000 Kratkoročni krediti Terjatve iz danih jamstev bankam Skupaj Skupina 31. 12. 2017 31. 12. 2017 39.710 39.710 1.284 1.284 40.994 40.994 Krediti strankam Banka EUR 1.000 31. 12. 2017 Bruto vrednost Oslabitve Neto vrednost Kratkoročni 158.464 (16.020) 142.444 Podjetja 127.297 (13.690) 113.607 2.468 (36) 2.432 Krediti Finančne institucije Javni sektor 206 - 206 Prebivalstvo 25.662 (2.090) 23.572 2.760 (186) 2.574 71 (18) 53 1.717.149 (52.178) 1.664.971 Podjetja 565.958 (34.393) 531.565 Finančne institucije 162.445 (3.712) 158.733 Javni sektor 261.158 (97) 261.061 Prebivalstvo 715.577 (13.368) 702.209 10.237 (527) 9.710 1.774 (81) 1.693 Dolgoročni 118 (5) 113 Podjetja 118 (5) 113 1.875.731 (68.203) 1.807.528 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Dolgoročni Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Finančni najem Skupaj Stanje kreditov zaposlenim na dan 31. december 2017 je znašalo 19.370 tisoč evrov. UniCredit Bank · 2018 Letno poročilo 93 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Skupina EUR 1.000 31. 12. 2017 Bruto vrednost Oslabitve Neto vrednost Kratkoročni 158.408 (16.057) 142.351 Podjetja 127.342 (13.727) 113.615 Krediti Finančne institucije 2.367 (36) 2.331 Javni sektor 206 - 206 Prebivalstvo 25.662 (2.090) 23.572 2.760 (186) 2.574 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Dolgoročni Podjetja Finančne institucije 71 (18) 53 1.580.173 (52.206) 1.527.967 565.997 (34.421) 531.576 25.430 (3.712) 21.718 Javni sektor 261.158 (97) 261.061 Prebivalstvo 715.577 (13.368) 702.209 10.237 (527) 9.710 1.774 (81) 1.693 Kratkoročni 300 (33) 267 Podjetja 268 (1) 267 32 (32) - Dolgoročni 197.266 (17.363) 179.903 Podjetja 160.853 (16.402) 144.451 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Finančni najem Prebivalstvo Javni sektor 1.351 (1) 1.350 Prebivalstvo 12.041 (619) 11.422 Samostojni podjetniki 23.021 (341) 22.680 1.936.147 (85.659) 1.850.488 Skupaj Stanje kreditov zaposlenim je na dan 31. december 2017 znašalo 20.108 tisoč evrov. Oslabitve kreditov strankam Banka EUR 1.000 2017 (106.493) (119.748) (39.820) (47.594) (1.570) (1.570) (10.119) (10.119) 68.526 72.098 Odpravljene oslabitve zaradi odpisa 8.953 8.953 Pozitivne tečajne razlike 2.169 2.169 10.151 10.151 (68.203) (85.660) Začetno stanje Oblikovane oslabitve Negativne tečajne razlike Oblikovane oslabitve, ki zmanjšujejo čiste obresti Odpravljene oslabitve Odpravljene oslabitve, ki povečujejo čiste obresti Končno stanje 94 Skupina 2017 2018 Letno poročilo · UniCredit Bank Druga finančna sredstva Banka EUR 1.000 Skupina 31. 12. 2017 31. 12. 2017 Terjatve za provizije (opravnine) 828 828 Oslabitve provizij (opravnin) (32) (32) Prehodno nezaračunani prihodki za bančne produkte 772 772 41 41 2.440 2.440 Terjatve iz naslova zapadlih izvedenih finančnih instrumentov Terjatve v obračunu Druga finančna sredstva Oslabitve drugih finančnih sredstev Skupaj 205 4.264 - (1.326) 4.254 6.987 Oslabitve drugih finančnih sredstev Banka Skupina EUR 1.000 2017 2017 Začetno stanje (308) (1.637) Oblikovane oslabitve (136) (136) Odpravljene oslabitve 412 415 Končno stanje (32) (1.358) Pojasnilo 8: Finančna sredstva v posesti do zapadlosti (po MRS 39) Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 31. 12. 2017 Obveznice, Republika Slovenija 7.202 Skupaj 7.202 Gibanje EUR 1.000 2017 Začetno stanje 7.127 Povečanje 280 Nakup 280 Zmanjšanje (205) Unovčenje (205) Končno stanje 7.202 UniCredit Bank · 2018 Letno poročilo 95 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnilo 9: Izvedeni finančni instrumenti, namenjeni varovanju - sredstva Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 31. 12. 2018 31. 12. 2017 Raven 2 Raven 2 Instrumenti za varovanje posameznih finančnih postavk - 41 Varovanje poštene vrednosti kreditov, merjenih po odplačni vrednosti - 41 10.704 11.293 9.703 3.553 Instrumenti za varovanje skupine finančnih postavk Varovanje poštene vrednosti Varovanje denarnih tokov Skupaj 1.001 7.740 10.704 11.334 Pojasnilo 10: Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem - terjatve Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 31. 12. 2018 31. 12. 2017 Pozitivne spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem 1.836 605 Negativne spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem (1.412) (3.023) 424 (2.418) Skupaj Vse spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem - terjatve se nanašajo na varovanje kreditov. Pojasnilo 11: Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 Naložbe v kapital odvisnih družb 1 1 - - Skupaj 1 1 - - 96 2018 Letno poročilo · UniCredit Bank 31. 12. 2018 31. 12. 2017 Pojasnilo 12: Opredmetena sredstva Banka 2018 EUR 1.000 Vlaganja v tuje objekte Računalniška oprema Druga oprema Oprema v pripravi Skupaj 10.475 6.764 6.158 6 23.403 Nabavna vrednost Začetno stanje Povečanje Prenos iz opreme v pripravi Izločitev Končno stanje 164 - - 539 703 - 439 96 (535) - (678) (590) (627) - (1.895) 9.961 6.613 5.627 10 22.211 8.807 5.718 5.249 - 19.774 607 459 309 - 1.375 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto Izločitev (626) (589) (572) - (1.787) 8.788 5.588 4.986 - 19.362 Začetno stanje 1.668 1.046 909 6 3.629 Končno stanje 1.173 1.025 641 10 2.849 Vlaganja v tuje objekte Računalniška oprema Druga oprema Oprema v pripravi Skupaj 10.658 6.341 6.245 9 23.253 535 Končno stanje Čista knjigovodska vrednost 2017 EUR 1.000 Nabavna vrednost Začetno stanje Povečanje Prenos iz opreme v pripravi Izločitev Končno stanje 28 - - 507 - 424 86 (510) - (211) (1) (173) - (385) 10.475 6.764 6.158 6 23.403 8.256 5.123 5.051 - 18.430 681 595 335 - 1.611 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto Izločitev Končno stanje (130) - (137) - (267) 8.807 5.718 5.249 - 19.774 Čista knjigovodska vrednost Začetno stanje 2.402 1.218 1.194 9 4.823 Končno stanje 1.668 1.046 909 6 3.629 UniCredit Bank · 2018 Letno poročilo 97 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Skupina 2018 EUR 1.000 Vlaganja v tuje objekte Računalniška oprema Druga oprema Oprema v pripravi Oprema, ki je predmet poslovnega najema 10.489 6.764 6.158 6 2.606 Oprema, ki je predmet poslovnega najema, v pripravi Skupaj - 26.023 Nabavna vrednost Začetno stanje Povečanje Prenos iz opreme v pripravi Izločitev Končno stanje 164 - - 539 - 2.122 2.825 - 439 96 (535) 2.122 (2.122) - (678) (590) (627) - (1.623) - (3.518) 9.975 6.613 5.627 10 3.105 - 25.330 8.811 5.718 5.250 - 694 - 20.473 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto 608 459 309 - 552 - 1.928 (626) (589) (572) - (512) - (2.299) 8.793 5.588 4.987 - 734 - 20.102 Začetno stanje 1.678 1.046 908 6 1.912 - 5.550 Končno stanje 1.182 1.025 640 10 2.371 - 5.228 Oprema v pripravi Oprema, ki je predmet poslovnega najema Oprema, ki je predmet poslovnega najema, v pripravi Skupaj Izločitev Končno stanje Čista knjigovodska vrednost 2017 EUR 1.000 Vlaganja v tuje objekte Računalniška oprema Druga oprema 10.672 6.341 6.245 9 5.172 - 28.439 28 - - 507 - 1.971 2.506 Nabavna vrednost Začetno stanje Povečanje Prenos iz opreme v pripravi Izločitev Končno stanje - 424 86 (510) 1.971 (1.971) - (211) (1) (173) - (4.537) - (4.922) 10.489 6.764 6.158 6 2.606 - 26.023 8.259 5.123 5.052 - 2.821 - 21.255 682 595 335 - 663 - 2.275 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto Izločitev (130) - (137) - (2.790) - (3.057) 8.811 5.718 5.250 - 694 - 20.473 Začetno stanje 2.413 1.218 1.193 9 2.351 - 7.184 Končno stanje 1.678 1.046 908 6 1.912 - 5.550 Končno stanje Čista knjigovodska vrednost Banka in Skupina imata na dan 31. december 2018 pogodbene obveznosti za pridobitev opredmetenih osnovnih sredstev v višini 33 tisoč evrov (na dan 31. december 2017 sta imeli pogodbene obveznosti za pridobitev opredmetenih osnovnih sredstev v višini 111 tisoč evrov). Pri vlaganjih v tuje objekte Skupina nima možnosti prodaje le-teh, prav tako nobenih drugih pogodbenih obveznosti v zvezi z njimi. Skupina ni zastavila svojih opredmetenih osnovnih sredstev. Skupina nima stroškov izposojanja povezanih z opredmetenimi osnovnimi sredstvi, zato jih tudi ni usredstvila. 98 2018 Letno poročilo · UniCredit Bank Naložbene nepremičnine Banka EUR 1.000 Skupina 2018 2017 2018 2017 - - 1.533 2.797 Nabavna vrednost Začetno stanje Izločitev Končno stanje - - - - 1.533 (1.264) 1.533 - - 114 108 - - 46 62 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto Izločitev - - - - 160 114 Začetno stanje - - 1.419 2.689 Končno stanje - - 1.373 1.419 Končno stanje (56) Čista knjigovodska vrednost Poštena vrednost naložbenih nepremičnin na dan 31. december 2018 znaša 2.690 tisoč evrov (na dan 31. december 2017: 2.320 tisoč evrov) in je zasnovana na vrednotenju neodvisnega ocenjevalca. Prodajljivost naložbenih nepremičnin ni z ničimer omejena. Družba UniCredit Leasing, d.o.o. je v letu 2018 zanje prejela 191 tisoč evrov (v letu 2017: 212 tisoč evrov) najemnin in imela z njimi 14 tisoč evrov stroškov (v letu 2017: 95 tisoč evrov). Stroški se v celoti nanašajo na nepremičnine, ki so ustvarile prihodke od najemnin v tem obdobju. Gre za nepremičnine, ki so bile odvzete najemojemalcem in bi se z iztrženimi zneski poravnale njihove neporavnane terjatve. UniCredit Leasing, d.o.o. nima pogodbenih zavez za nakupovanje, izdelovanje ali razvijanje naložbenih nepremičnin ali pa za popravila, vzdrževanje ali izboljšave. Pojasnilo 13: Neopredmetena dolgoročna sredstva Banka 2018 EUR 1.000 2017 Skupaj Neopredmetena dolgoročna sredstva v uporabi Neopredmetena dolgoročna sredstva v pripravi Skupaj 4.622 41.438 35.424 4.456 39.880 2.911 2.911 - 2.590 2.590 Neopredmetena dolgoročna sredstva v uporabi Neopredmetena dolgoročna sredstva v pripravi 36.816 - Nabavna vrednost Začetno stanje Povečanje Prenos iz opreme v pripravi Izločitev Končno stanje 5.960 (5.960) - 2.424 (2.424) - (3.229) - (3.229) (1.032) - (1.032) 39.547 1.573 41.120 36.816 4.622 41.438 25.980 - 25.980 23.236 - 23.236 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto 3.723 - 3.723 3.558 - 3.558 (3.132) - (3.132) (814) - (814) 26.571 - 26.571 25.980 - 25.980 Začetno stanje 10.836 4.622 15.458 12.188 4.456 16.644 Končno stanje 12.976 1.573 14.549 10.836 4.622 15.458 Izločitev Končno stanje Čista knjigovodska vrednost UniCredit Bank · 2018 Letno poročilo 99 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Skupina 2018 EUR 1.000 2017 Skupaj Neopredmetena dolgoročna sredstva v uporabi Neopredmetena dolgoročna sredstva v pripravi Skupaj 4.711 41.988 35.861 4.514 40.375 3.019 3.019 5 2.640 2.645 (6.145) - 2.443 (2.443) - Neopredmetena dolgoročna sredstva v uporabi Neopredmetena dolgoročna sredstva v pripravi 37.277 6.145 Nabavna vrednost Začetno stanje Povečanje Prenos iz opreme v pripravi Izločitev Končno stanje (3.256) - (3.256) (1.032) - (1.032) 40.166 1.585 41.751 37.277 4.711 41.988 26.233 - 26.233 23.448 - 23.448 3.795 - 3.795 3.599 - 3.599 Amortizacijski popravek vrednosti Začetno stanje Amortizacija za leto Izločitev (3.147) - (3.147) (814) - (814) 26.881 - 26.881 26.233 - 26.233 Začetno stanje 11.044 4.711 15.755 12.413 4.514 16.927 Končno stanje 13.285 1.585 14.870 11.044 4.711 15.755 Končno stanje Čista knjigovodska vrednost Skupina kot neopredmetena dolgoročna sredstva pripoznava izključno programsko opremo. Nima znotraj Skupine ustvarjenih neopredmetenih sredstev. Banka ima na dan 31. december 2018 za 1.329 tisoč evrov pogodbenih obveznosti za pridobitev neopredmetenih osnovnih sredstev (na dan 31. december 2017: 654 tisoč evrov), Skupina pa 1.346 tisoč evrov (na dan 31. december 2017: 675 tisoč evrov). Skupina nima stroškov izposojanja povezanih z neopredmetenimi dolgoročnimi sredstvi, zato jih tudi ni usredstvila. Pojasnilo 14: Terjatve in obveznosti za davek od dohodkov pravnih oseb Tekoči davek Banka EUR 1.000 Terjatve za tekoči davek Pobot terjatev za tekoči davek Stanje terjatev za tekoči davek Obveznosti za tekoči davek Pobot obveznosti za tekoči davek Stanje obveznosti za tekoči davek 100 2018 Letno poročilo · UniCredit Bank Skupina 31. 12. 2018 31. 12. 2017 Učinek v letu 2018 31. 12. 2018 31. 12. 2017 Učinek v letu 2018 3.392 2.483 909 3.933 2.496 1.437 (1.966) (2.483) 517 (2.507) (2.496) (11) 1.426 - 1.426 1.426 - 1.426 1.966 3.698 (1.732) 2.802 4.103 (1.301) (1.966) (2.483) 517 (2.507) (2.496) (11) - 1.215 (1.215) 295 1.607 (1.312) Odloženi davek Banka Skupina 31. 12. 2018 31. 12. 2017 Učinek v letu 2018 Terjatve pripoznane v izkazu poslovnega izida 1.884 4.193 Krediti bankam in strankam, ki niso banke - - 69 EUR 1.000 Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Opredmetena in neopredmetena osnovna sredstva, naložbene nepremičnine Rezervacije 31. 12. 2018 31. 12. 2017 Učinek v letu 2018 (2.309) 5.451 7.837 (2.386) - 3.433 3.514 (81) - 69 69 - 69 - 56 (56) - 56 (56) 49 62 (13) 183 192 (9) 135 133 2 135 133 2 1.631 3.942 (2.311) 1.631 3.942 (2.311) Terjatve pripoznane v drugem vseobsegajočem donosu 24 3 21 24 3 21 Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa 24 - 24 24 - 24 - 3 (3) - 3 (3) (1.908) (4.196) 2.288 (1.908) (4.196) 2.288 - - - 3.567 3.644 (77) 3.780 6.054 (2.274) 3.780 6.054 (2.274) Izguba Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Pobot odloženih terjatev Stanje terjatev za odloženi davek Obveznosti pripoznane v drugem vseobsegajočem donosu Rezervacije Varovanje denarnih tokov Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Pobot odloženih obveznosti Stanje obveznosti za odloženi davek 57 55 2 57 55 2 804 984 (180) 804 984 (180) 2.919 - 2.919 2.919 - 2.919 - 5.015 (5.015) - 5.015 (5.015) (1.908) (4.196) 2.288 (1.908) (4.196) 2.288 1.872 1.858 14 1.872 1.858 14 Prenesena davčna izguba Banka EUR '000 Začetno stanje Zmanjšanje Končno stanje Skupina 2018 2017 2018 2017 20.749 44.027 20.749 44.027 (12.164) (23.278) (12.164) (23.278) 8.585 20.749 8.585 20.749 UniCredit Bank · 2018 Letno poročilo 101 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnilo 15: Druga sredstva Banka EUR 1.000 Predujmi Nevračunani stroški in odhodki Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 3 6 2.299 197 264 322 395 448 1.113 908 1.003 835 - - 253 598 Druge terjatve 16 18 17 18 Oslabitve drugih sredstev (8) - (9) - 1.388 1.254 3.958 2.096 2017 2018 Prehodno nezaračunani prihodki Zaloge Skupaj Nevračunani stroški in odhodki Banka EUR 1.000 Skupina 2018 Začetno stanje Povečanje Zmanjšanje - vračunani stroški in odhodki Končno stanje 2017 322 683 448 841 2.126 1.701 2.265 1.818 (2.184) (2.062) (2.318) (2.211) 264 322 395 448 Prehodno nezaračunani prihodki Banka EUR 1.000 Skupina 2018 2017 2018 908 52 835 52 2.286 998 2.176 925 (2.081) (142) (2.008) (142) 1.113 908 1.003 835 2018 2017 2018 2017 (9) - (9) - Oblikovane oslabitve - - (1) - Odpravljene oslabitve 1 - 1 - (8) - (9) - Začetno stanje Povečanje Zmanjšanje - zaračunani prihodki Končno stanje 2017 Oslabitve drugih sredstev Banka EUR 1.000 Začetno stanje Končno stanje Skupina Pojasnilo 16: Finančne obveznosti, namenjene trgovanju Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 Izvedeni finančni instrumenti, namenjeni trgovanju 31. 12. 2018 31. 12. 2017 Raven 1 Raven 2 Skupaj Raven 1 Raven 2 Skupaj - 9.214 9.214 - 7.031 7.031 Terminske pogodbe (Forward) - 460 460 - 131 131 Opcije (Option) - 67 67 - 68 68 - 8.687 8.687 - 6.832 6.832 Ostale finančne obveznosti, namenjene trgovanju Zamenjave (Swap) 2 - 2 44 - 44 Skupaj 2 9.214 9.216 44 7.031 7.075 Vse finančne obveznosti namenjene trgovanju so bile kot take označene ob začetnem pripoznanju. 102 2018 Letno poročilo · UniCredit Bank Pojasnilo 17: Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida Pojasnilo se nanaša na Banko in na Skupino 31. 12. 2018 Raven 3 EUR 1.000 Učinki merjenja nečrpanih kreditov obvezno merjenih po pošteni vrednosti prek poslovenga izida 1.282 Skupaj 1.282 Gibanje učinkov merjenja nečrpanih kreditov obvezno merjenih po pošteni vrednosti prek poslovenga izida EUR 1.000 2018 Začetno stanje 1.140 Povečanje - pripoznano v izkazu poslovnega izida 142 Končno stanje 1.282 Postavka predstavlja merjenje nečrpanih kreditov, katerih višina je na dan 31. december 2018 znašala 2.073 tisoč evrov, torej je vse spremembe na postavki mogoče pripisati kreditnemu tveganju. Pojasnilo 18: Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Banka EUR 1.000 31. 12. 2018 Skupina 31. 12. 2017 31. 12. 2018 31. 12. 2017 Vloge bank na vpogled 7.092 3.571 7.092 3.571 Kratkoročne vloge bank 9.417 26.004 9.417 26.004 90.187 115.226 90.187 115.226 106.696 144.801 106.696 144.801 Dolgoročne vloge bank Skupaj UniCredit Bank · 2018 Letno poročilo 103 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Vloge strank Banka EUR 1.000 Na vpogled Podjetja Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 1.420.284 1.329.479 1.417.613 1.322.724 764.305 701.710 764.305 701.710 Finančne institucije 65.132 107.737 62.461 100.982 Javni sektor 37.403 47.702 37.403 47.702 Prebivalstvo 502.972 424.102 502.972 424.102 44.441 43.203 44.441 43.203 6.031 5.025 6.031 5.025 189.777 297.704 189.777 297.704 109.504 171.393 109.504 171.393 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Kratkoročne vloge Podjetja 19.829 15.848 19.829 15.848 Javni sektor Finančne institucije 7.695 51.720 7.695 51.720 Prebivalstvo 55.678 49.027 55.678 49.027 Samostojni podjetniki 1.019 39 1.019 39 Neprofitni izvajalci storitev gospodinjstvom 2.703 3.026 2.703 3.026 312.560 330.352 312.560 330.352 116.363 104.050 116.363 104.050 Dolgoročne vloge Podjetja - 15.855 - 15.855 Javni sektor Finančne institucije 53.015 97.281 53.015 97.281 Prebivalstvo 139.192 109.786 139.192 109.786 79 566 79 566 3.911 2.814 3.911 2.814 1.922.621 1.957.535 1.919.950 1.950.780 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 241.949 244.000 241.949 244.000 50.554 12.366 82.504 54.193 292.503 256.366 324.453 298.193 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 6.061 Samostojni podjetniki Neprofitni izvajalci storitev gospodinjstvom Skupaj Krediti bank in centralnih bank Banka EUR 1.000 Dolgoročni krediti centralne banke Dolgoročni krediti bank Skupaj Skupina Druge finančne obveznosti Banka EUR 1.000 Sredstva za nakazilo v tujino Skupina 4.142 6.061 4.142 Obveznosti za provizije 32 49 32 49 Obveznosti v obračunu 2.593 6.231 2.593 6.231 687 915 1.536 1.405 7.314 8.381 7.568 8.692 Obveznosti do dobaviteljev Vnaprej vračunani odhodki in stroški Prejeti predujmi in varščine - - 908 335 Druge poslovne obveznosti 5.315 2.725 5.316 2.723 20.083 24.362 22.095 25.496 Skupaj 104 2018 Letno poročilo · UniCredit Bank Vnaprej vračunani odhodki in stroški Banka EUR 1.000 2018 Začetno stanje Povečanje Zmanjšanje - sprostitev Zmanjšanje - plačilo Končno stanje Skupina 2017 2018 2017 8.381 6.300 8.692 6.569 5.732 11.059 6.210 11.243 (482) - (482) - (6.317) (8.978) (6.852) (9.120) 7.314 8.381 7.568 8.692 Pojasnilo 19: Izvedeni finančni instrumenti, namenjeni varovanju – obveznosti Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 Instrumenti za varovanje posameznih finančnih postavk Varovanje poštene vrednosti kreditov, merjenih po odplačni vrednosti 31. 12. 2018 31. 12. 2017 Raven 2 Raven 2 52 - 52 - 23.070 19.256 4.896 263 Varovanje denarnih tokov 18.174 18.993 Skupaj 23.122 19.256 Instrumenti za varovanje skupine finančnih postavk Varovanje poštene vrednosti Pojasnilo 20: Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem - obveznosti Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 Pozitivne spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Negativne spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Skupaj 31. 12. 2018 31. 12. 2017 3.983 - (95) - 3.888 - Pojasnilo 21: Rezervacije Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 Za pravno nerešene tožbe 8.240 3.103 8.240 3.103 Za obveznosti do zaposlenih 1.938 808 1.957 808 Za zunajbilančne obveznosti 7.739 7.973 7.739 7.973 Druge rezervacije Skupaj 2.600 2.600 2.600 2.600 20.517 14.484 20.536 14.484 Banka je bila po stanju na dan 31. december 2018 kot tožena stranka vključena v 59 sodnih sporov, v katerih tožeče stranke uveljavljajo tožbene zahtevke proti Banki v skupni višini 15,9 milijona evrov (na dan 31. december 2017: 12,1 milijona evrov). Zoper družbo UniCredit Leasing, d.o.o. na dan 31. december 2018 ni bil odprt noben sodni spor. V skladu z oceno verjetnosti izida je Skupina oblikovala ustrezne rezervacije za zadevne pravne spore. UniCredit Bank · 2018 Letno poročilo 105 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Banka 2018 EUR 1.000 Začetno stanje pred prilagoditvijo Učinki sprememb računovodskih politik Začetno stanje Povečanje Pripoznano v izkazu poslovnega izida Zmanjšanje Poraba rezervacij Sprostitev rezervacij pripoznana v izkazu poslovnega izida Sprostitev rezervacij pripoznana v kapitalu Končno stanje Za pravno nerešene tožbe Za obveznosti do zaposlenih Za zunajbilančne obveznosti Druge rezervacije Skupaj 3.103 - 808 7.973 2.600 14.484 - (2.686) - 3.103 (2.686) 808 5.287 2.600 11.798 5.550 1.186 4.198 - 10.934 5.550 1.186 4.198 - 10.934 (413) (56) (1.746) - (2.215) - (35) - - (35) (413) - (1.746) - (2.159) - (21) - - (21) 8.240 1.938 7.739 2.600 20.517 Za pravno nerešene tožbe Za jubilejne nagrade in odpravnine Za zunajbilančne obveznosti Druge rezervacije Skupaj 1.238 769 5.200 2.600 9.807 2017 EUR 1.000 Začetno stanje Povečanje Pripoznano v izkazu poslovnega izida Zmanjšanje Poraba rezervacij Sprostitev rezervacij pripoznana v izkazu poslovnega izida Sprostitev rezervacij pripoznana v kapitalu Končno stanje 2.278 78 6.792 - 9.148 2.278 78 6.792 - 9.148 (413) (39) (4.019) - (4.471) - (20) - - (20) (413) - (4.019) - (4.432) - (19) - - (19) 3.103 808 7.973 2.600 14.484 Za pravno nerešene tožbe Za obveznosti do zaposlenih Za zunajbilančne obveznosti Druge rezervacije Skupaj 3.103 808 7.973 2.600 14.484 - - (2.850) - (2.850) Skupina 2018 EUR 1.000 Začetno stanje pred prilagoditvijo Učinki sprememb računovodskih politik Začetno stanje 3.103 808 5.123 2.600 11.634 Povečanje 5.550 1.205 4.198 - 10.953 5.550 1.205 4.198 - 10.953 (413) (56) (1.582) - (2.051) - (35) - - (35) (413) - (1.582) - (1.995) - (21) - - (21) 8.240 1.957 7.739 2.600 20.536 Pripoznano v izkazu poslovnega izida Zmanjšanje Poraba rezervacij Pripoznano v izkazu poslovnega izida Sprostitev rezervacij pripoznana v kapitalu Končno stanje 106 2018 Letno poročilo · UniCredit Bank 2017 Za pravno nerešene tožbe Za jubilejne nagrade in odpravnine Začetno stanje 1.238 Povečanje 2.278 EUR 1.000 Pripoznano v izkazu poslovnega izida Zmanjšanje Poraba rezervacij Pripoznano v izkazu poslovnega izida Sprostitev rezervacij pripoznana v kapitalu Končno stanje Za zunajbilančne obveznosti Druge rezervacije Skupaj 769 5.200 2.964 10.171 78 6.792 - 9.148 2.278 78 6.792 - 9.148 (413) (39) (4.019) (364) (4.835) - (20) - (413) - (4.019) (364) (4.796) (20) - (19) - - (19) 3.103 808 7.973 2.600 14.484 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 1.775 1.211 2.469 1.967 469 463 1.037 1.165 2.244 1.674 3.506 3.132 Pojasnilo 22: Druge obveznosti Banka EUR 1.000 Pasivne časovne razmejitve Obveznosti za davke in prispevke Skupaj Skupina Gibanje odloženih prihodkov Banka Skupina EUR 1.000 2018 2017 2018 2017 Začetno stanje 1.211 1.183 1.967 1.842 Povečanje Zmanjšanje - vračunani prihodki Končno stanje 3.887 3.358 4.346 3.820 (3.323) (3.330) (3.844) (3.695) 1.775 1.211 2.469 1.967 Pojasnilo 23: Osnovni kapital Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 Navadne delnice - vpis tuje banke 20.384 20.384 20.384 20.384 Skupaj 20.384 20.384 20.384 20.384 Osnovni kapital Banke na dan 31. december 2018 znaša 20.383.765 evrov in je razdeljen na 4.888.193 navadnih imenskih kosovnih delnic, ki so v celoti vplačane. Vsaka primarna kosovna delnica zagotavlja imetniku pravico do enega glasu pri sprejemanju sklepov na skupščini Banke, pravico do dela dobička (dividende) ter pravico do ustreznega dela preostalega premoženja po likvidaciji ali stečaju Banke. UniCredit Bank · 2018 Letno poročilo 107 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnilo 24: Kapitalske rezerve Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 Vplačani presežek kapitala 91.736 91.736 91.736 91.736 Kapitalske rezerve, nastale iz splošnega prevrednotevalnega popravka kapitala 16.024 16.024 16.024 16.024 107.760 107.760 107.760 107.760 31. 12. 2018 31. 12. 2017 3.426 4.196 12.351 - Akumulirani drugi vseobsegajoči donos, finančna sredstva, razpoložljiva za prodajo (po MRS 39) - 21.368 Akumulirani drugi vseobsegajoči donos, aktuarski čisti dobički / izgube za pokojninske programe 542 523 16.319 26.087 Skupaj Pojasnilo 25: Akumulirani drugi vseobsegajoči donos Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 Akumulirani drugi vseobsegajoči donos, varovanje denarnih tokov Akumulirani drugi vseobsegajoči donos, finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Skupaj Akumulirani drugi vseobsegajoči donos, varovanje denarnih tokov EUR 1.000 2018 2017 Začetno stanje 4.196 907 Bruto vrednost 5.179 1.119 Odloženi davek (983) (212) Povečanje (770) 3.289 Bruto vrednost (951) 4.060 Odloženi davek 181 (771) Končno stanje 3.426 4.196 Bruto vrednost 4.228 5.179 Odloženi davek (802) (983) Akumulirani drugi vseobsegajoči donos, finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa EUR 1.000 2018 Začetno stanje 21.089 Bruto vrednost 26.036 Odloženi davek (4.947) Povečanje 554 Bruto vrednost 684 Odloženi davek (130) Zmanjšanje Bruto vrednost Odloženi davek Končno stanje (9.292) (11.471) 2.179 12.351 Bruto vrednost 15.249 Odloženi davek (2.898) 108 2018 Letno poročilo · UniCredit Bank Akumulirani drugi vseobsegajoči donos, finančna sredstva, razpoložljiva za prodajo (po MRS 39) EUR 1.000 2017 Začetno stanje 17.665 Bruto vrednost 21.808 Odloženi davek (4.143) Povečanje 6.207 Bruto vrednost 7.663 Odloženi davek (1.456) Zmanjšanje (2.504) Bruto vrednost (3.091) Odloženi davek 587 Končno stanje 21.368 Bruto vrednost 26.380 Odloženi davek (5.012) Akumulirani drugi vseobsegajoči donos, aktuarski čisti dobički / izgube za pokojninske programe 2018 2017 Začetno stanje EUR 1.000 523 506 Bruto vrednost 576 557 Odloženi davek (53) (51) 19 17 22 19 Povečanje Bruto vrednost Odloženi davek (3) (2) 542 523 Bruto vrednost 598 576 Odloženi davek (56) (53) Končno stanje Pojasnilo 26: Rezerve iz dobička Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 1.307 1.307 1.307 1.307 Druge rezerve iz dobička 83.328 83.328 99.087 101.193 Skupaj 84.635 84.635 100.394 102.500 Zakonske rezerve 31. 12. 2017 Pojasnilo 27: Zadržani dobiček / izguba (vključno s čistim dobičkom / izgubo poslovnega leta) Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 20.614 38.341 23.368 36.235 Zadržani dobiček 2.115 37 2.115 37 Preneseni (zadržani) dobiček zaradi prehoda na nov MSRP (369) - 1.197 - 22.360 38.378 26.680 36.272 Čisti dobiček poslovnega leta Skupaj UniCredit Bank · 2018 Letno poročilo 109 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Bilančni dobiček Banke EUR 1.000 Čisti dobiček poslovnega leta Preneseni čisti dobiček Realizirani dobiček/ (izguba) od odprave pripoznanja naložb v lastniške finančne instrumente Učinki sprememb računovodskih politik (uvedba MSRP 9) 2018 2017 20.614 38.341 2.108 37 7 - (369) - 22.360 38.378 Delitev čistega dobička poslovnega leta (4.106) (36.270) Prenos v naslednje leto 18.254 2.108 Bilančni dobiček V letu 2018 je bilo delničarjem izplačanega 36.270 tisoč evrov bilančnega dobička. Uprava je predlagala nadzornemu svetu in skupščini Banke, da se del bilančnega dobička leta 2018 v višini 4.106 tisoč evrov razdeli med delničarje, preostali del bilančnega dobička pa ostane nerazporejen. Osnovni in popravljeni dobiček na delnico Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 20.614 38.341 23.368 36.235 (2) Število delnic 4.888.193 4.888.193 4.888.193 4.888.193 (3) Tehtano povprečno število delnic v letu 4.888.193 4.888.193 4.888.193 4.888.193 (4) Dobiček na delnico v evrih (1) / (3) 4,22 7,84 4,78 7,41 (1) Čisti dobiček poslovnega leta Osnovni in popravljeni dobiček na delnico sta enaka. 110 2018 Letno poročilo · UniCredit Bank Pojasnila k izkazu poslovnega izida Pojasnilo 28: Prihodki iz obresti Banka Skupina 2018 EUR 1.000 Obresti iz finančnih sredstev v posesti za trgovanje Obresti iz finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje Obresti iz finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa 2018 Skupaj Od tega obresti za izpostavljenosti skupine 3 Skupaj 2.881 - 2017 Skupaj Od tega obresti za izpostavljenosti skupine 3 Skupaj 3.229 2.881 - 3.229 440 - 440 6.130 - - - - 440 Obresti iz finančnih sredstev, razpoložljivih za prodajo (po MRS 39) Obresti iz finančnih sredstev, merjenih po odplačni vrednosti 2017 38.958 440 - 6.130 - - 6.419 - - 6.419 2.026 - 43.883 2.435 - Dolžniški vrednostni papirji 78 - - 78 - - Krediti bankam 63 - - 63 - - Krediti strankam 38.817 - 43.742 - - 41.938 - - 45.791 Bankam - - 76 - - 76 Strankam - - 41.862 - - 45.715 Oslabljeni krediti - - 9.224 - - 9.224 Neoslabljeni krediti - - 32.638 - - 36.491 - - 355 - - 355 5.692 - 2.296 5.692 - 2.296 Obresti iz danih kreditov (po MRS 39) Obresti iz finančnih sredstev v posesti do zapadlosti (po MRS 39) Obresti iz izvedenih finančnih instrumentov, namenjenih varovanju Negativne obresti od obveznosti Skupaj 2.026 2.435 - 2.336 - 1.415 2.336 - 1.415 56.437 2.466 55.652 61.362 2.875 59.505 Pojasnilo 29: Odhodki za obresti Banka EUR 1.000 Skupina 2018 2017 2018 2017 Obresti za finančne obveznosti, namenjene trgovanju (2.873) (3.252) (2.873) (3.252) Obresti iz izvedenih finančnih instrumentov, namenjenih varovanju (3.967) (2.662) (3.967) (2.662) Obresti za finančne obveznosti, merjene po odplačni vrednosti (3.469) (5.001) (3.901) (5.331) Bank (1.616) (2.578) (2.047) (2.855) Strank (1.853) (2.423) (1.854) (2.476) Negativne obresti od terjatev Skupaj (935) (1.444) (935) (1.444) (11.244) (12.359) (11.676 ) (12.689 ) UniCredit Bank · 2018 Letno poročilo 111 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnilo 30: Prihodki iz dividend Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 2018 Dividende iz finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa 2017 39 - Dividende iz finančnih sredstev, razpoložljivih za prodajo (po MRS 39) - 140 Dividende iz finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje 6 Skupaj 45 140 Pojasnilo 31: Prihodki iz opravnin (provizij) Banka Skupina EUR 1.000 2018 2017 2018 2017 Opravnine iz poslov z vrednostnimi papirji 6.339 7.100 6.339 7.100 Opravnine iz danih jamstev 2.930 2.916 2.893 2.875 Opravnine iz opravljanja plačilnih storitev - vodenje transakcijskih računov 2.641 2.651 2.641 2.651 Opravnine iz opravljanja plačilnih storitev - izvrševanje plačil 5.562 5.481 5.562 5.481 Opravnine iz opravljanja plačilnih storitev - kartično poslovanje 5.203 5.071 5.189 5.071 Opravnine iz opravljanja drugih plačilnih storitev 2.158 1.973 2.158 1.973 Opravnine iz kreditnih in najemnih poslov 5.224 5.172 5.305 5.221 181 939 181 939 Opravnine iz investicijskega svetovanja Opravinine iz drugih poslov Skupaj 694 898 694 898 30.932 32.201 30.962 32.209 Pojasnilo 32: Odhodki za opravnine (provizije) Banka EUR 1.000 Skupina 2018 2017 2018 2017 Opravnine od opravljenih plačilnih storitev - kartično poslovanje (3.315) (2.831) (3.315) (2.831) Opravnine od opravljenih drugih plačilnih storitev (2.233) (2.367) (2.203) (2.344) Opravnine od opravljenih posredniških in komisijskih poslov (1.343) (1.397) (1.383) (1.412) Opravnine od opravljenih storitev za investicijsko svetovanje - (188) - (188) Opravnine od opravljenih drugih storitev (1.246) (1.255) (1.371) (1.413 ) Skupaj (8.137) (8.038) (8.272) (8.188) 112 2018 Letno poročilo · UniCredit Bank Pojasnilo 33: Čisti dobički / izgube iz finančnih sredstev in obveznosti, ki niso merjeni po pošteni vrednosti prek poslovnega izida Banka Skupina EUR 1.000 2018 2017 2018 2017 Realizirani dobički 5.634 2.603 5.634 2.603 2.472 - 2.472 - Iz dolžniških vrednostnih papirjev, razpoložljivih za prodajo (po MRS 39) - 1.446 - 1.446 Iz lastniških vrednostnih papirjev, razpoložljivih za prodajo (po MRS 39) - 17 - 17 3.143 1.115 3.143 1.115 Iz dolžniških vrednostnih papirjev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa Iz kreditov, merjenih po odplačni vrednosti Iz drugih finančnih sredstev in obveznosti 19 25 19 25 (878) (2.387) (878) (2.387) (878) - (878) - Iz dolžniških vrednostnih papirjev, razpoložljivih za prodajo (po MRS 39) - (124) - (124) Iz kreditov, merjenih po odplačni vrednosti - (52) - (52) - (2.211) - (2.211) 4.756 216 4.756 216 Realizirane izgube Iz dolžniških vrednostnih papirjev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa Iz drugih finančnih sredstev in obveznosti Skupaj Pojasnilo 34: Čisti dobički / izgube iz finančnih sredstev in obveznosti v posesti za trgovanje Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 Čisti dobički iz trgovanja z vrednostnimi papirji 2018 2017 (53) 273 Čisti dobički pri nakupu in prodaji tujih valut 2.610 2.096 Čisti dobički / izgube iz izvedenih finančnih instrumentov 1.934 (645) Skupaj 4.491 1.724 UniCredit Bank · 2018 Letno poročilo 113 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnilo 35: Čisti dobički / izgube iz finančnih sredstev, obvezno merjenih po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 2018 Dobički 704 Krediti 400 Vrednotenje - kreditna komponenta 332 Vrednotenje - nekreditne komponente 60 Provizije - realizirani dobički 8 Naložbe v kapitalske instrumente 304 Izgube (119) Krediti (119) Vrednotenje - kreditna komponenta (52) Vrednotenje - nekreditne komponente (67) Skupaj 585 Pojasnilo 36: Čisti dobički / izgube iz finančnih sredstev in obveznosti, določenih za merjenje po pošteni vrednosti prek poslovnega izida Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 2018 Izgube (142) Finančne obveznosti (142) Skupaj (142) Vsi dobički in izgube iz finančnih sredstev in obveznosti, določenih za merjenje po pošteni vrednosti prek poslovnega izida, so nerealizirani. Za vsebinsko pojasnilo glej Pojasnilo 17. Pojasnilo 37: Spremembe poštene vrednosti pri obračunavanju varovanj pred tveganji Pojasnilo za obe leti se nanaša na Banko in na Skupino EUR 1.000 Spremembe poštene vrednosti izvedenih finančnih instrumentov za varovanje skupine finančnih instrumentov pred tveganjem spremembe obrestne mere Spremembe poštene vrednosti izvedenih finančnih instrumentov za varovanje poštene vrednosti instrumentov - mikro Spremembe poštene vrednosti izvedenih finančnih instrumentov za varovanje denarnih tokov skupine finančnih instrumentov - neuspešni del - makro Čisti izid iz varovanih postavk - spremembe poštene vrednosti varovane skupine finančnih instrumentov pred tveganjem spremembe obrestne mere Skupaj 114 2018 Letno poročilo · UniCredit Bank 2018 2017 (3.293) 2.609 (94) 46 29 (5.240) 3.488 (3.125) 130 (5.710) Pojasnilo 38: Čisti dobički / izgube iz tečajnih razlik Banka EUR 1.000 Skupina 2018 2017 2018 2017 Dobički iz tečajnih razlik 130.472 132.101 130.490 132.143 Izgube iz tečajnih razlik (131.864) (129.737) (131.887) (129.791) (1.392) 2.364 (1.397) 2.352 Skupaj Pojasnilo 39: Čisti dobički / izgube iz odprave pripoznanja nefinančnih sredstev Banka EUR 1.000 Dobički iz odprave pripoznanja Skupina 2018 2017 2018 2017 - - 65 98 Izgube iz odprave pripoznanja (159) (649) (159) (649) Skupaj (159) (649) (94) (551) Pojasnilo 40: Drugi čisti poslovni dobički / izgube Banka Skupina EUR 1.000 2018 2017 2018 2017 Dobički 1.643 1.417 2.327 2.469 Dobički iz operativnih tveganj Prihodki iz povrnjenih stroškov za delavce napotene v tujino Prihodki iz najemov Ostali dobički Izgube Članarine Izgube iz operativnih tveganj Sklad za reševanje bank Odhodki iz najemov Ostale izgube Skupaj 4 6 75 205 734 954 776 1.091 73 93 549 730 832 364 927 443 (2.097) (2.527) (2.360) (2.779) (53) (74) (53) (74) (11) (61) (81) (61) (1.418) (1.184) (1.418) (1.184) - - (126) (143) (615) (1.208) (682) (1.317) (454) (1.110) (33) (310) Pojasnilo 41: Administrativni stroški Banka Skupina EUR 1.000 2018 2017 2018 2017 Stroški dela 22.605 23.479 23.462 24.422 Ostali administrativni stroški 13.640 13.387 13.870 13.658 Skupaj 36.245 36.866 37.332 38.080 UniCredit Bank · 2018 Letno poročilo 115 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Stroški dela Banka Skupina EUR 1.000 2018 2017 2018 2017 Bruto plače 15.700 16.615 16.301 17.265 Dajatve za socialno zavarovanje 1.365 1.096 1.409 1.138 Dajatve za pokojninsko zavarovanje 1.384 1.326 1.460 1.398 602 454 610 463 1.350 1.325 1.379 1.361 530 1.334 581 1.432 Druge dajatve, odvisne od bruto plač Nadomestilo za prevoz in za prehrano Variabilni del plače Drugi stroški dela Skupaj 1.674 1.329 1.722 1.365 22.605 23.479 23.462 24.422 Ostali administrativni stroški Banka Skupina EUR 1.000 2018 2017 2018 2017 Stroški najemnin in zakupnin 2.069 2.009 2.005 1.982 Stroški informacijskega sistema 2.854 2.305 2.942 2.376 Stroški poštnine in komunikacije 1.350 1.287 1.434 1.356 Stroški svetovalnih in revizijskih storitev 2.297 2.884 2.331 2.910 Ostale storitve drugih Stroški reklame Stroški izobraževanja 906 790 964 884 1.003 1.132 1.005 1.132 97 137 97 137 672 655 678 664 1.293 1.188 1.296 1.199 Stroški zavarovanja 562 529 571 538 Stroški službenih poti 160 140 170 149 Stroški nadzora 377 331 377 331 13.640 13.387 13.870 13.658 Stroški materiala Stroški vzdrževanja, upravljanja in varovanja opredmetenih osnovnih sredstev Skupaj Stroški svetovalnih in revizijskih storitev vključujejo stroške povezane z revidiranjem letnega poročila v višini 62,5 tisoč evrov, stroške drugih nerevizijskih storitev v višini 109 tisoč evrov ter strošek za druge storitve dajanja zagotovil v višini 10 tisoč evrov. Vse storitve je opravila revizijska hiša Deloitte revizija, d.o.o. Banka ima v najemu večje število poslovnih prostorov. Najemne pogodbe se sklenejo za obdobje do 15 let z možnostjo podaljšanja oziroma predčasne prekinitve. Najmanjša vsota najemnin, ki bi jih Banka morala plačati v največ letu dni, je 1.999 tisoč evrov, v več kot letu dni in ne več kot petih letih 326 tisoč evrov in nič v več kot petih letih (leta 2017: 1.939 tisoč evrov v največ letu dni, v več kot letu dni in ne več kot petih letih 1.440 tisoč evrov in v več kot petih letih 170 tisoč evrov). 116 2018 Letno poročilo · UniCredit Bank Pojasnilo 42: Amortizacija Banka Skupina EUR 1.000 2018 2017 2018 2017 Amortizacija opredmetenih sredstev 1.375 1.611 1.974 2.337 Amortizacija vlaganj v tuje objekte 607 681 608 682 Amortizacija računalniške opreme 459 595 459 595 Amortizacija ostale opreme 309 335 861 998 - - 46 62 Amortizacija neopredmetenih dolgoročnih sredstev 3.723 3.559 3.795 3.600 Skupaj 5.098 5.170 5.769 5.937 Amortizacija naložbenih nepremičnin Pojasnilo 43: Čisti dobički / izgube ob spremembi pogojev odplačevanja finančnih sredstev Pojasnilo se nanaša na Banko in na Skupino EUR 1.000 2018 Izgube (67) Krediti gospodinjstvom (67) Skupaj (67) Pojasnilo 44: Rezervacije Banka Skupina EUR 1.000 2018 2017 2018 2017 Za pravno nerešene tožbe 5.136 1.865 5.136 1.865 Za obveznosti do zaposlenih 1.185 78 1.204 78 - - - (364) Za zunajbilančne obveznosti 2.452 2.773 2.616 2.773 Skupaj 8.773 4.716 8.956 4.352 Druge rezervacije UniCredit Bank · 2018 Letno poročilo 117 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Pojasnilo 45: Oslabitve Banka EUR 1.000 Oslabitve finančnih sredstev, merjenih po odplačni vrednosti Skupina 2018 2017 2018 2017 (6.903) (37.949) (7.817) (33.748) Povečanje 16.378 39.956 18.490 47.729 Krediti 16.318 39.820 18.429 47.593 60 136 61 136 Zmanjšanje Druga finančna sredstva (23.281) (77.905) (26.307) (81.477) Krediti (23.212) (77.479) (26.238) (81.051) (69) (426) (69) (426) 7.683 8.916 7.672 10.269 7.776 8.931 8.022 10.586 (93) (15) (350) (317) 8 - 8 - Druga finančna sredstva Odpisi finančnih sredstev, merjenih po odplačni vrednosti Odhodki iz odpisov Prihodki iz odpisanih terjatev Oslabitve finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa Povečanje 26 - 26 Zmanjšanje (18) - (18) - (1) - - - Povečanje - - 1 - Zmanjšanje (1) - (1) - 787 (29.033) (137) (23.479) Oslabitve drugih sredstev Skupaj Pojasnilo 46: Čisti dobički / izgube iz nekratkoročnih sredstev v posesti za prodajo, in z njimi povezanimi obveznostmi Banka EUR 1.000 2018 Skupina 2017 2018 2017 Dobički iz nekratkoročnih sredstev v posesti za prodajo 9 9 9 9 Izgube iz nekratkoročnih sredstev v posesti za prodajo - (5) - (5) Skupaj 9 4 9 4 Pojasnilo 47: Davek iz dohodka pravnih oseb Banka Skupina EUR 1.000 2018 2017 2018 2017 Tekoči davek 1.965 3.643 2.986 3.587 Odloženi davek 2.308 4.732 2.385 3.990 Skupaj 4.273 8.375 5.371 7.577 Znesek davka iz dohodka pravnih oseb v celoti vpliva na dividende delničarjev Banke, ki so predvidene za izplačilo. 118 2018 Letno poročilo · UniCredit Bank Banka EUR 1.000 2018 Dobiček / izguba pred davki Teoretični davek (19 %) Skupina 2017 24.887 2018 46.716 2017 28.739 43.812 19,00 % 4.729 19,00 % 8.876 19,00 % 5.460 19,0 % 8.324 (11,85 %) (2.949) (11,53 %) (5.386) (12,86 %) (3.697) (14,00 %) (6.132) za zmanjšanje prihodkov (0,82 %) (204) (0,53 %) (246) (3,27 %) (940) (2,14 %) (936) za davčno priznanje odhodkov preteklih let (0,10 %) (25) 0,00 % (1) (0,09 %) (27) (0,11 %) (49) (10,93 %) (2.720) (11,00 %) (5.139) (9,50 %) (2.730) (11,75 %) (5.147) 0,59 % 147 0,33 % 152 2,83 % 814 4,22 % 1.851 0,59 % 147 0,33 % 152 2,83 % 814 4,22 % 1.851 9,27 % 2.308 10,13 % 4.732 8,30 % 2.385 9,10 % 3.990 Zmanjšanje davka za davčne olajšave in pokrivanje izgube preteklih let Povečanje davka za nepriznane odhodke Odloženi davek Vzpostavitev začasnih razlik (0,14 %) (36) (0,08 %) (39) (2,43 %) (697) (3,47 %) (1.519) Odprava začasnih razlik - vračunanje v tekoči davek 9,42 % 2.344 10,21 % 4.771 10,72 % 3.082 12,57 % 5.509 Razlika v davku za pretekla leta 0,00 % - (0,12 %) (56) 0,65 % 188 (1,17 %) (513) Ostale prilagoditve 0,15 % 38 0,12 % 57 0,77 % 221 0,13 % 57 17,17 % 4.273 17,93 % 8.375 18,69 % 5.371 17,29 % 7.577 Skupaj Pojasnila k izkazu denarnih tokov Pojasnilo 48: Denarni ustrezniki Banka EUR 1.000 Denar v blagajni Obvezne rezerve pri centralni banki Vpogledne vloge pri bankah Krediti bankam z zapadlostjo do 3 mesece Skupaj 31. 12. 2018 Skupina 31. 12. 2017 31. 12. 2018 31. 12. 2017 15.592 10.943 15.592 10.943 166.240 359.410 166.240 359.410 56.597 42.207 56.597 42.207 1 4.203 1 4.203 238.430 416.763 238.430 416.763 Pojasnila k zunajbilančnemu poslovanju v skladu z zahtevami Banke Slovenije Pojasnilo 49: Zunajbilančno poslovanje Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 31. 12. 2018 31. 12. 2017 Garancije 429.317 217.069 Krediti, limiti in kreditne linije 471.307 619.356 Upniki po spot poslih 4.360 20.264 Nazivna vrednost izvedenih finančnih instrumentov 2.278.716 1.957.406 Skupaj 3.183.700 2.814.095 UniCredit Bank · 2018 Letno poročilo 119 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Gibanje garancij 2018 2017 Začetno stanje EUR 1.000 217.069 200.197 Povečanje 276.260 184.513 273.912 182.218 Nove garancije Tečajne razlike Zmanjšanje Izplačilo garancij Ugasnjene garancije Tečajne razlike Končno stanje 2.348 2.295 (194.751) (168.660) (1.598) (207) (190.783) (165.648) (2.370) (2.805) 298.578 217.069 31. 12. 2018 31. 12. 2017 33.225 101.978 Izvedeni finančni instrumenti EUR 1.000 Terminske pogodbe (Forward in Futures) Obrestne opcije (Option) Obrestne zamenjave (Swap) 24.891 16.126 1.940.736 1.519.486 Namenjene trgovanju 723.331 643.229 Namenjene varovanju 1.217.405 876.257 Valutne zamenjave (Swap) 278.316 318.966 Namenjene trgovanju 123.812 159.676 Namenjene varovanju 154.504 159.290 Blagovne zamenjave Skupaj 1.547 850 2.278.716 1.957.406 Pojasnilo, ki se nanaša na negotovost glede gospodarskih koristi, Banka razkriva preko analize kreditnega tveganja nasprotne stranke v poglavju Bančna tveganja. Pri sklepanju večine poslov z izvedenimi finančnimi instrumenti Banka teži k zapiranju pozicij. 120 2018 Letno poročilo · UniCredit Bank Pojasnilo 50: Poslovanje po pooblastilu Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 Denarna sredstva strank za posredovanje s finančnimi instrumenti Terjatve iz poslov gospodarjenja s finančnimi instrumenti Terjatve po skrbniških poslih Terjatve do KDD za prodane finančne instrumente Terjatve do drugih poravnalnih sistemov in institucij za prodane finančne instrumente (kupcev) Terjatve iz poravnalnega poslovanja Terjatve iz drugih poslov v tujem imenu in za tuj račun Skupaj sredstva Obveznosti do strank iz denarnih sredstev in finančnih instrumentov Obveznosti do drugih poravnalnih sistemov in institucij za kupljene finančne instrumente (dobaviteljev) 31. 12. 2018 31. 12. 2017 10.306 10.166 41.212 43.753 9.504.916 9.865.590 - 19 886 3.455 - 19 124.804 147.026 9.682.124 10.070.028 51.517 53.917 9.505.803 9.869.065 Obveznosti do banke za provizije, stroške ipd. - 1 Obveznosti iz poravnalnega poslovanja - 19 124.804 147.026 9.682.124 10.070.028 31. 12. 2018 31. 12. 2017 9.547.014 9.912.817 9.546.128 9.909.343 Obveznosti iz drugih poslov v tujem imenu in za tuj račun Skupaj obveznosti Pojasnilo 51: Posredniško poslovanje Pojasnilo se za obe leti nanaša na Banko in na Skupino EUR 1.000 Terjatve poravnalnega oz. transakcijskih računov za sredstva strank Iz finančnih instrumentov Do KDD oz.obračunskega računa banke za prodane finančne instrumente Do drugih poravnalnih sistemov in institucij za prodane finančne instrumente (kupcev) Denarna sredstva strank Na poravnalnem računu za sredstva strank Na transakcijskih računih bank - 19 886 3.455 10.306 10.166 2.007 1.876 8.299 8.290 Skupaj sredstva 9.557.320 9.922.983 Obveznosti poravnalnega oz. transakcijskih računov za sredstva strank 9.557.320 9.922.983 Do strank iz denarnih sredstev in finančnih instrumentov Do drugih poravnalnih sistemov in institucij za kupljene finančne instrumente (dobaviteljev) Do banke oz. poravnalnega računa za provizije, stroške, ipd. Skupaj obveznosti 51.517 53.917 9.505.803 9.869.065 - 1 9.557.320 9.922.983 Zabilančna evidenca 9.546.128 9.909.343 Finančni instrumenti, ločeno po storitvah 9.546.128 9.909.343 Gospodarjenje s finančnimi instrumenti Skrbniški posli 41.212 43.753 9.504.916 9.865.590 UniCredit Bank · 2018 Letno poročilo 121 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Prihodki in odhodki iz opravnin v zvezi z investicijskimi storitvami in posli EUR 1.000 2018 2017 Prihodki iz opravnin (provizij) v zvezi z investicijskimi in pomožnimi investicijskimi storitvami in posli za stranke 6.520 8.041 Sprejemanje, posredovanje in izvrševanja naročil Gospodarjenje s finančnimi sredstvi Izvedba prvih ali nadaljnjih prodaj brez obveznosti odkupa Skrbništvo in sorodne storitve Svetovanje podjetjem glede kapitalske sestave, poslovne strategije in sorodnih zadev ter svetovanje in storitve v zvezi z združitvijo in nakupi podjetij Odhodki iz opravnin (provizij) v zvezi z investicijskimi in pomožnimi investicijskimi storitvami in posli za stranke Opravnine v zvezi s KDD družbo in njej podobnimi organizacijami 122 2018 Letno poročilo · UniCredit Bank 43 104 345 486 12 498 5.938 6.014 182 939 1.432 1.758 1.432 1.758 Pojasnilo 52: Povezane stranke Banka je hčerinska banka UniCredit S.p.A. s sedežem v Milanu, ki ima v lasti 100,0 % delnic Banke in je hkrati matična banka Skupine. V svojem običajnem poslovanju Banka sklepa številne transakcije z drugimi članicami matične skupine UniCredit, kar vključuje dane in prejete kredite ter depozite, nakupe in prodajo tujih valut ter posle z izvedenimi finančnimi instrumenti. Obseg poslov s povezanimi strankami ter iz njih izhajajoči prihodki ter odhodki so navedeni v nadaljevanju: Izkaz finančnega položaja Banka EUR 1.000 Krediti Uprava Ključno poslovodno osebje Matična banka Ostale povezane osebe v matični skupini UniCredit Ostale povezane osebe Izvedeni finančni instrumenti Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 240.864 211.749 76.956 74.740 599 827 636 870 476 158 654 217 25.784 42.513 25.784 42.513 213.999 168.216 49.876 31.105 6 35 6 35 11.743 11.965 11.743 11.965 Matična banka 5.105 1.021 5.105 1.021 Ostale povezane osebe v matični skupini UniCredit 6.860 10.722 6.860 10.722 Druga sredstva 1.113 916 1.003 843 Matična banka 842 713 842 713 271 203 161 130 Skupaj sredstva Ostale povezane osebe v matični skupini UniCredit 253.942 224.408 89.924 87.326 Finančne obveznosti, merjene po odplačni vrednosti 101.527 116.740 125.566 128.248 125 76 169 99 - 5 74 77 Uprava Ključno poslovodno osebje Matična banka Ostale povezane osebe v matični skupini UniCredit Ostale povezane osebe Izvedeni finančni instrumenti Matična banka Ostale povezane osebe v matični skupini UniCredit Druge obveznosti 3.104 18 3.104 18 98.182 116.340 122.004 109.585 116 301 216 18.469 31.179 25.981 31.179 25.981 7.827 1.151 7.827 1.151 23.352 24.830 23.352 24.830 2.419 2.320 2.419 2.318 Matična banka 1.359 830 1.359 830 Ostale povezane osebe v matični skupini UniCredit 1.060 1.490 1.060 1.488 135.124 145.041 159.164 156.547 Skupaj obveznosti Krediti bankam v matični skupini UniCredit vključujejo vloge na vpogled, vezane vloge in kredite. So nezavarovani in sklenjeni z variabilno ali s fiksno obrestno mero po tržnih pogojih. UniCredit Bank · 2018 Letno poročilo 123 Računovodski izkazi Banke in Skupine Pojasnila k računovodskim izkazom Izkaz poslovnega izida Banka Skupina 1.000 EUR 2018 2017 2018 2017 Prihodki iz obresti 5.135 1.933 3.947 126 11 11 12 12 Uprava Ključno poslovodno osebje Matična banka Ostale povezane osebe v matični skupini UniCredit Ostale povezane osebe Odhodki za obresti 2 2 2 2 90 - 90 - 5.031 1.919 3.842 111 1 1 1 1 6.324 8.276 6.731 8.545 Matična banka 3.157 983 3.157 983 Ostale povezane osebe v matični skupini UniCredit 3.167 7.291 3.574 7.560 Ostale povezane osebe Prihodki iz opravnin (provizij) Matična banka Ostale povezane osebe v matični skupini UniCredit Ostale povezane osebe Odhodki za opravnine (provizije) Matična banka Ostale povezane osebe v matični skupini UniCredit Ostale povezane osebe Čisti dobički / izgube iz finančnih sredstev in obveznosti, namenjenih trgovanju Matična banka Ostale povezane osebe v matični skupini UniCredit Spremembe poštene vrednosti pri obračunavanju varovanj pred tveganji Matična banka Ostale povezane osebe v matični skupini UniCredit Drugi poslovni dobički Matična banka Ostale povezane osebe v matični skupini UniCredit Administrativni stroški Matična banka Ostale povezane osebe v matični skupini UniCredit 124 2018 Letno poročilo · UniCredit Bank - 2 - 2 622 1.752 570 1.709 54 650 54 650 562 1.102 511 1.059 5 - 5 - 278 493 342 574 52 233 116 312 224 260 224 262 2 - 2 - 5.577 (6.290) 5.577 (6.290) (1.577) (437) (1.577) (437) 7.154 (5.853) 7.154 (5.853) (3.358) (2.540) (3.358) (2.540) (401) 830 (401) 830 (2.957) (3.370) (2.957) (3.370) 1.380 1.237 736 1.113 918 825 535 962 462 412 201 151 4.116 4.119 4.039 4.026 900 313 900 313 3.215 3.806 3.138 3.713 Izplačila povezanim strankam Banka EUR 1.000 Izplačila upravi Plače in drugi osebni prejemki Izplačila članom nadzornega sveta Izplačila drugim zaposlenim z individualno pogodbo Plače in drugi osebni prejemki Skupaj Število članov uprave na dan 31.12. Število članov nadzornega sveta na dan 31.12. Število zaposlenih z individualno pogodbo na dan 31.12. Skupina 2018 2017 2018 2017 1.466 1.429 1.560 1.527 1.466 1.429 1.560 1.527 39 44 39 44 2.310 1.664 2.455 1.849 2.310 1.664 2.455 1.849 3.815 3.137 4.054 3.420 5 5 6 6 5 4 5 4 41 20 43 23 31. 12. 2018 31. 12. 2017 164.123 137.125 V letu 2018 je bilo povprečno 28 zaposlenih z individualno pogodbo. V letih 2017 in 2018 ni bilo izplačil po programu nagrajevanja z delnicami in delniškimi opcijami. Člani nadzornega sveta so prejeli 39 tisoč evrov nadomestila. Transakcije Banke z odvisno družbo UniCredit Leasing d.o.o. Stanja v izkazu finančnega položaja EUR 1.000 Krediti Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Druga sredstva Finančne obveznosti, merjene po odplačni vrednosti 1 1 110 73 2.674 6.757 Prihodki oz. odhodki EUR 1.000 2018 2017 Prihodki iz obresti 1.189 1.808 51 41 Drugi čisti poslovni dobički / izgube Prihodki iz opravnin (provizij) 383 342 Administrativni stroški (77) (42) Pojasnilo 53: Dogodki po datumu poročanja Banka in Skupina po datumu poročanja nista zaznali pomembnejših poslovnih dogodkov, ki bi vplivali na računovodske izkaze Banke in Skupine za leto 2018 ali ki bi zahtevali dodatna razkritja v teh računovodskih izkazih. UniCredit Bank · 2018 Letno poročilo 125 Izjava upravljalnega organa Izjava upravljalnega organa o ustreznosti ureditev upravljanja tveganj V skladu z alinejo e) 435. člena uredbe EU št. 575/2013 Evropskega parlamenta in Sveta o bonitetnih zahtevah za kreditne institucije in investicijska podjetja (CRR) upravljalni organ – uprava (ki jo sestavljajo: Stefan Vavti, predsednik uprave, Lea Branecka, članica uprave, Damijan Dolinar, član uprave, Alessandro Pontoglio, član uprave in Ivanka Prezhdarova, članica uprave) in nadzorni svet, ki ga zastopa predsednik nadzornega sveta Marco Lotteri, s podpisom te izjave potrjujeta ustreznost ureditve upravljanja tveganj, ki je v organizacijski shemi Banke samostojno področje. Sistem upravljanja tveganj ustreza profilu tveganosti Banke in strategiji Banke ter sposobnosti prevzemanja tveganj. Ljubljana, 1. marec 2019 Marco Lotteri Predsednik nadzornega sveta Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave 126 2018 Letno poročilo · UniCredit Bank Računovodski izkazi Banke in Skupine Bančna tveganja Celovito upravljanje s tveganji Skupina UniCredit identificira, meri, spremlja in upravlja s tveganji UniCredit Banka Slovenija d.d. in odvisne družbe UniCredit Leasing d.o.o. Pri izvajanju te naloge Banka sodeluje z enotami zadolženimi za upravljanje s tveganji na ravni matične skupine UniCredit in v skladu z uveljavljenimi standardi matične skupine. Redno spremljanje izpostavljenosti tveganjem in upravljanje s tveganji poteka v tesnem sodelovanju z matično skupino in z namenom zagotoviti celovito upravljanje s tveganji na ravni matične skupine. Skupina skladno z načeli matične skupine UniCredit ugotavlja, meri in/ali upravlja z naslednjimi kategorijami tveganj: • kreditno tveganje (tveganje neplačila in tveganje spremembe bonitete) • likvidnostno tveganje in tveganje financiranja, • tržno tveganje (obrestno tveganje, tveganje kreditnega razpona, valutno tveganje in tveganja iz naslova trgovanja z lastniškimi vrednostnimi papirji), • strukturno valutno tveganje, • tveganja, povezana z izvedenimi finančnimi instrumenti (tveganje nasprotne stranke, tveganje prilagoditve kreditnega vrednotenja), • operativno tveganje, • tveganje ugleda, • poslovno tveganje, • strateško tveganje, • tveganja iz naslova deležev in kapitalskih udeležb Banke, • tveganje na področju nepremičnin. Skupina upravlja s tveganji na usklajen način po različnih organizacijskih ravneh. Poleg tega je struktura upravljanja s tveganji sestavni del širše prakse upravljanja s tveganji v matični skupini UniCredit. Na ta način podpira enotnost procesov upravljanja in nadzora nad tveganji v celotni matični skupini UniCredit. Uprava Banke in nadzorni svet določita politiko tveganja in odobrita načela upravljanja s tveganji ter vzpostavitev limitov za vsa relevantna tveganja. Uprava Banke je pristojna za sprejemanje različnih strateških odločitev, ki zajemajo med drugim tudi določitev in spremljanje strategij upravljanja s tveganji, odobritev in vpeljavo standardov Skupine na področju kreditnega tveganja in sprejetje njihove implementacije, razvoj novih in posodobitev obstoječih modelov, redne in izredne validacije in ostale spremembe v bonitetnih sistemih, politike in smernice v povezavi z internim bonitetnim sistemom, materialnimi spremembami IRB modela in Basel II Stebra 2. Osrednje aktivnosti upravljanja s tveganji v Skupini vodi divizija Upravljanje s tveganji. Le-ta je neodvisna od poslovnih enot Skupine in je odgovorna neposredno članu uprave za področje upravljanja s tveganji. Osrednje mesto upravljanja s tveganji na najvišji ravni v Banki imajo tri vrste odborov, in sicer: kreditni odbor, odbor za upravljanje z bilanco banke in odbor za operativna tveganja. Kreditni odbor Kreditni odbor je odločevalsko telo v Banki s pooblastilom uprave Banke za sprejemanje odločitev glede kreditne izpostavljenosti, oblikovanja oziroma sproščanja rezervacij in odpisov v okviru delegiranih pristojnosti. Raven odobritvene pristojnosti je opredeljena glede na znesek (potencialne) izpostavljenosti stranke oziroma skupine strank ter njihove bonitete. Skladno z regulativo in internimi akti Skupine nadzorni svet potrjuje odločitve v primeru velike izpostavljenosti. Na kreditnem odboru so prisotni predstavniki divizije Upravljanje s tveganji in prodajnih divizij ter predsednik uprave Banke. Seje kreditnega odbora potekajo redno vsaj tedensko. Postopki in kriteriji presoje posameznih kreditnih izpostavljenosti so opredeljeni v ustreznih internih smernicah in navodilih. V posebnih primerih se lahko pristojnosti kreditnega odbora delegirajo na nižje odločevalske ravni skladno z dodeljenimi individualnimi pristojnostmi. Odobritveni proces za UniCredit Leasing d.o.o. je vzpostavljen skladno z bančnimi pravili. Odbor za upravljanje bilance banke (ALCO) Odbor za upravljanje bilance banke (v nadaljevanju: ALCO) je odbor Skupine, ki se ukvarja z vprašanji celovitega upravljanja s tveganji. ALCO je odgovoren za strukturo bilance Skupine, spremlja izpostavljenost tržnemu, likvidnostnemu in tveganju, ki je povezano z izvedenimi finančnimi instrumenti, spremlja kreditni portfelj, ukvarja pa se tudi z vprašanji upravljanja tveganj, ki zadevajo več divizij in upravljanja poslovanja celotne Skupine. Odbor se ukvarja tudi z upravljanjem kapitala Skupine; ima pregled nad razvojem kapitalske ustreznosti in količniki, nad regulatornim in ekonomskim kapitalom, razporeditvijo kapitala in razpoložljivimi finančnimi viri. ALCO odobrava strategije in politike prevzemanja in upravljanja s tveganji, odobri določitve limitov za vse pomembne vrste tveganj ter postopke obvladovanja tveganj. ALCO odbor se sestaja mesečno. Odbor za operativna tveganja (OpRISK) Uprava Banke je odgovorna za odobritev okvira upravljanja z operativnim tveganjem in preverja ustreznost sistema spremljanja in kontrolnega UniCredit Bank · 2018 Letno poročilo 127 Računovodski izkazi Banke in Skupine Bančna tveganja okolja ter je hkrati redno informirana o spremembah profila tveganja in o izpostavljenosti iz naslova operativnega tveganja, pri čemer so ji (če je to potrebno) v pomoč odbori Banke. Odbor za operativna tveganja (v nadaljevanju: OpRISK) je pristojen za učinkovit pregled izpostavljenosti operativnemu tveganju. Odbor razpolaga z razumevanjem in znanjem celotnega okvira upravljanja z operativnim tveganjem kot tudi z znanjem o tem, kako izpostavljenost operativnemu tveganju vpliva na poslovanje Skupine. OpRISK je pristojen tudi za preverjanje, ali sta merjenje in sistem nadzora operativnega tveganja močno vpeta v vsakodnevni proces obvladovanja tveganj Skupine. OpRISK obravnava tudi tematike povezane s tveganjem ugleda. Odbor se sestaja najmanj štirikrat na leto. Upravljanje tveganj Za spremljanje in upravljanje s tveganji je pristojna divizija Upravljanja s tveganji, ki jo sestavljajo naslednje enote: Presoja in prevzemanje kreditnih tveganj, Posebni primeri, Tržna in operativna tveganja, Portfeljsko upravljanje kreditnih tveganj, Interna validacija in Strateško upravljanje s tveganji, politike in procesi. Divizija Upravljanje s tveganji je odgovorna za: • optimiziranje kakovosti sredstev Skupine in minimiziranje stroškov tveganja skladno z opredeljenimi cilji glede prevzetih tveganj in dobičkonosnosti posameznih poslovnih področij; • zagotavljanje strateškega usmerjanja in opredelitev politik upravljanja s tveganji Skupine; • krepitev kulture upravljanja s tveganji s pobudami za izobraževanje zaposlenih v sodelovanju z matično skupino UniCredit; • pomoč pri iskanju načinov za odpravo neravnovesij med sredstvi v sodelovanju z divizijo Finance; • podpiranje poslovnih funkcij za doseganje njihovih ciljev, vključno s podporo pri razvoju produktov (inovativnost pri kreditnih produktih, konkurenčne poslovne priložnosti); • podporo predsedniku uprave Banke pri določanju okvira nagnjenosti k prevzemanju tveganj skladno s smernicami matične skupine UniCredit. Vodja divizije Upravljanje s tveganji je odgovoren za skladnost okvira nagnjenosti k prevzemanju tveganj s strateškimi smernicami kot tudi z načrtovanimi cilji in periodično spremljanje okvira nagnjenosti k prevzemanju tveganj. Sposobnost prevzemanja tveganj (ICAAP/ILAAP) in okvir nagnjenosti k prevzemanju tveganj Skupina UniCredit ocenjuje kapitalsko ustreznost na podlagi pristopa časovne neomejenosti poslovanja in zagotavlja, da se ohrani ustrezna raven kapitala za nadaljevanje poslovnih dejavnosti, kot je običajno, tudi ob izjemnih stresnih dogodkih, kot so dogodki, ki jih povzroči gospodarska kriza. Pristop skupine pri ICAAP je sestavljen iz naslednjih faz: 1. ugotavljanje tveganj in povezovanje; 2. merjenje tveganj in stresno testiranje; 3. določanje nagnjenosti k prevzemanju tveganj in razporeditev kapitala; 4. spremljanje in poročanje. 1. Ugotavljanje tveganj in povezovanje Prvi korak je ugotavljanje tveganj, ki jim je Skupina izpostavljena ali bi jim lahko bila izpostavljena. Posebna pozornost je namenjena tveganjem, ki niso obravnavana v okviru Stebra 1. Rezultat tega procesa je celovit popis tveganj. 2. Merjenje tveganj in stresno testiranje Drugi korak je opredelitev metodologij z merjenjem in kvantifikacijo različnih profilov tveganj, ki rezultirajo v izračunu notranjega kapitala Skupine. Celovita izvedba stresnega testiranja predstavlja eno ključnih orodij za zanesljivo upravljanje tveganj. Namen stresnih testov je oceniti sposobnost Banke absorbirati izjemne, a vendar verjetne dogodke. Skupina tako ocenjuje vpliv negativnih ekonomskih scenarijev na kapitalske količnike (kapitalski stresni testi) in/ali na likvidnostni položaj Skupine (likvidnostno stresno testiranje). 3. Določanje nagnjenosti k prevzemanju tveganj in razporeditev kapitala Okvir nagnjenosti k prevzemanju tveganj je glavno orodje, ki se uporablja za namen določitve še sprejemljive ravni tveganj, ki jih je Skupina pripravljena sprejeti in je skladen z razvojem poslovanja (v nadaljevanju posebej odstavek o nagnjenosti k prevzemanju tveganj). Kapital Skupine igra ključno vlogo v glavnih procesih korporativnega upravljanja, ki usmerjajo strateške odločitve, saj so ciljni in tolerančni pragi v smislu regulatornega in internega kapitala tudi ključni elementi obsega nagnjenosti k prevzemanju tveganj Skupine. 4. Spremljanje in poročanje Ocenjevanje kapitalske ustreznosti je dinamičen proces, ki zahteva redno spremljanje, le-to pa omogoča sprejemanje pravih odločitev. Banka spremlja svoj profil tveganja s frekvenco, ki je skladna z naravo vsakega posameznega tveganja; poleg tega se kvartalno poroča ustreznim odborom za tveganja in nadzornikom, da bi določili in izvajali ter učinkovito in uspešno vzpostavili okvir ICAAP. 128 2018 Letno poročilo · UniCredit Bank Kapitalska ustreznost se ocenjuje ob upoštevanju ravnovesja med prevzetimi tveganji in razpoložljivim kapitalom tako v regulatornem kot tudi v ekonomskem smislu. Z vidika ekonomske perspektive se kapitalska ustreznost ocenjuje s primerjavo zneska razpoložljivih finančnih sredstev, ki so na voljo za absorpcijo izgub in ki ohranjajo solventnost Skupine in z višino kapitala, s katerim Skupina razpolaga pri podpori poslovanju. Katere sestavine vključujejo razpoložljivi finančni viri je odvisno od: • sposobnosti absorpcije izgub • stalnosti • fleksibilnost plačil. Glede na to, da so ta merila enaka kot pri izračunu regulatornih lastnih sredstev, je znesek regulatornih lastnih sredstev podlaga za določitev razpoložljivih finančnih virov (AFR). Ob predpostavki delujoče institucije se AFR izračunajo na podlagi predpostavke, da je institucija skladna z vsemi računovodskim in regulatornimi standardi. Razmerje med AFR in internim kapitalom se imenuje zmogljivost prevzemanja tveganj (RTC). RTC je eden ključnih kazalnikov, ki so vključeni v obseg nagnjenosti k tveganjem in na podlagi katerih se Banka odloča v skladu z željenim profilom tveganosti in poslovno strategijo. Mejnik pri ICAAP procesu je določitev obsega nagnjenosti k tveganjem, ki je opredeljen kot raven tveganj, ki jih je Skupina pripravljena prevzeti in profil donosa, ki ga želi doseči pri uresničevanju svojih strateških ciljev in poslovnega načrta, ob upoštevanju interesov vseh deležnikov (npr. strank, pripravljavcev politik, regulatorjev, delničarjev) kakor tudi kapitalskih in drugih regulativnih in zakonskih zahtev. Obseg prevzetih tveganj Skupine je določen v dialogu z matično skupino UniCredit in odobren s strani nadzornega sveta. Obseg nagnjenosti k prevzetim tveganjem je odobren na letni ravni s strani različnih odborov, potem pa se redno spremlja in poroča z namenom zagotoviti, da se Skupina razvija z začrtanim profilom tveganosti in načrtovano dobičkonosnostjo, ki jo je sprejela uprava Banke. Glavni cilji obsega nagnjenosti k prevzemanju tveganj (RAF) so: • izrecno oceniti tveganja in njihove medsebojne povezave, ki jih je skupina UniCredit pripravljena sprejeti ali pa bi se jim morala izogniti v obdobju enega leta; ciljne vrednosti v RAF morajo biti skladne s cilji, opredeljenimi v strateškem večletnem načrtu; • opredeliti, katera tveganja je skupina UniCredit pripravljena sprejeti z določitvijo ciljnih (target), sprožilnih (trigger) in limitnih vrednosti v normalni in stresni situaciji; • zagotoviti vnaprej, da je profil tveganja in donosa skladen z dolgoročno vzdržnostjo in z večletnim strateškim načrtom; • zagotoviti, da se poslovanje razvija v okviru toleranc tveganja, ki ga določita uprava in nadzorni svet in ki je usklajen z matično skupino UniCredit tudi glede na nacionalne in mednarodne predpise; • oceniti prihodnje strateške možnosti glede na profil tveganosti; • odzvati se na stališča zunanjih in notranjih deležnikov o profilu tveganosti, skladno s strateškim pozicioniranjem; • zagotoviti kvalitativne izjave v zvezi z nemerljivimi tveganji (npr. strateško tveganje, tveganje ugleda) z namenom strateško usmerjati relevantne procese in sistem notranjih kontrol. Obseg nagnjenosti k prevzemanju tveganj Skupine je opredeljen skladno s poslovnim modelom in usklajen z matično skupino UniCredit. Določitev okvira je del procesa planiranja, z namenom, da se izbere pravi profil tveganosti in dobičkonosnosti. Politika prejemkov je skladna z okvirom obsega nagnjenosti k prevzemanju tveganj in omogoča učinkovito izvajanje nagrajevanja v obliki opredelitve bonusov in variabilnih plačil. Izjava o nagnjenosti k prevzemanju tveganj je uradna izjava, v kateri je izraženo stališče o pozicioniranju Banke v smislu strateških ciljev in s tem povezanega profila tveganosti, ki vključuje pričakovanja internih in eksternih deležnikov in vključuje: • usmeritev Skupine v smislu glavnih aktivnosti; • opredelitev profila tveganosti skladno s strategijo skupine; • navedbo strategij za obvladovanje ključnih tveganj v okviru skupine; • kvalitativne izjave za nemerljiva tveganja (npr. strateško tveganje, tveganje ugleda) z namenom preprečevanja/ zgodnjega posredovanja pri tveganjih, s katerimi se institucija sooča. Okvir obsega nagnjenosti k prevzemanju tveganj opisuje glavna načela Skupine pri toleranci do tveganj, ki so določena kvalitativno (v obliki izjave) in kvantitativno (v obliki ključnih kazalnikov). Kvantitativni elementi predstavljajo zbir ključnih kazalnikov, ki zajemajo naslednje dimenzije: • ključni kazalniki uspešnosti (KPI) prvega stebra: kadar koli zagotoviti izpolnjevanje ključnih kazalnikov uspešnosti, ki jih zahtevajo regulativni organi (npr. razmerje navadnega lastniškega temeljnega kapitala, zmožnost prevzemanja tveganj, razmerje likvidnostnega kritja), vključno s ključnimi kazalniki uspešnosti, ki so bistvenega pomena; • upravljavski ključni kazalniki uspešnosti: vključiti ključne kazalnike uspešnosti, ki so ključni iz strateškega stališča in stališča nagnjenosti k prevzemanju tveganj; skladno z vitkim upravljanjem holdinga (npr. kreditno tveganje, likvidnostno tveganje in dobičkonosnost); UniCredit Bank · 2018 Letno poročilo 129 Računovodski izkazi Banke in Skupine Bančna tveganja • ključni kazalniki uspešnosti za specifična tveganja: dopolnjevanje z zgoraj navedenimi kategorijami z namenom zagotoviti upravljanje vseh ključnih tveganj (npr. tržno tveganje, operativno tveganje, obrestno tveganje, bančništvo v senci). Za vsako od zgornjih dimenzij je določen eden ali več količnikov z namenom na različne načine meriti, kje se Skupina nahaja: kot absolutna vrednost, količnik, kot mera občutljivosti. Različne mejne vrednosti so opredeljene na način, da služijo kot indikator zgodnjega opozarjanja na potencialno tveganje, ki se lahko pravočasno stopnjuje na ustrezne organizacijske ravni. V primeru, ko so dosežene mejne vrednosti, je potrebno sprejeti določene ukrepe za dosego oziroma popravek profila tveganja. Naslednje mejne vrednosti se določijo (za posamezne kazalce ni nujno, da so vse vrednosti smiselne): • ciljna vrednost predstavlja tisto mejo tveganja, ki jo je Skupina pripravljena sprejeti v normalnih pogojih in skladno z ambicijo Skupine. Gre za orientacijsko vrednost, v katero smer naj gre razvoj poslovanja. • sprožilna vrednost predstavlja z vidika upravljanja maksimalno sprejemljivo raven odstopanja dejanske vrednosti od definirane ciljne vrednosti oziroma bolj splošno, opozorilno raven in je postavljena tako, da zagotavlja poslovanje Skupine tudi v primeru stresne situacije. • limiti so določene maksimalne sprejemljive ravni tveganja za Skupino. Določanje posameznih mejnih vrednosti poteka v dialogu z relevantnimi kompetentnimi funkcijami, tudi v posvetovanju z upravo Banke in ob upoštevanju regulatornih in nadzorniških zahtev ter pričakovanj vseh deležnikov kot tudi konkurenčnega položaja institucije. Poleg teh kazalcev ima Skupina določeno še vrsto bolj operativnih limitov in matrik, ki pokrivajo profil tveganj in ki služijo kot dodatna informacija k okviru obsega nagnjenosti k tveganjem. Glavne dimenzije obsega prevzemanja tveganj so poslovna strategija ter kapitalska in likvidnostna ustreznost. Tako je opredeljen obseg prevzemanja tveganj skozi glavne kazalnike, ki predstavljajo Steber 1 in 2 in kazalnike t.i. načrta sanacije. Obseg prevzemanja tveganj je del procesa načrtovanja in v tem kontekstu skladen z načrti in načrtovanim profilom tveganosti Skupine. To omogoča redno spremljanje, pravočasno eskalacijo in povezavo z načrtom sanacije. Izpostavljenost tveganjem, obseg prevzetih tveganj in sposobnost prevzemanja različnih tveganj ter različne stresne situacije so preko različnih poročil predstavljeni upravi Banke kot tudi prej omenjenim odborom. Poleg obsega prevzemanja tveganj uprava in nadzorni svet sprejmeta letno tudi strategijo upravljanja s tveganji, ki še naprej bolj podrobno opredeljuje obseg prevzemanja tveganj. Izpostavljenost tveganjem, obseg prevzetih tveganj ter sposobnost prevzemanja različnih tveganj in stresnih situacij so predstavljeni upravi banke in omenjenim odborom v obliki različnih poročil. Skupina nadzira tudi ustrezno notranjo likvidnost prek ustreznih pristopov v okviru drugega stebra: proces ocenjevanja ustreznosti notranje likvidnosti (ILAAP). V okviru ILAAP procesa banka v sodelovanju z matično skupino UniCredit preverja ustreznost procesa upravljanja z likvidnostnim tveganjem, ki zajema različne komponente - kot so omejevanje kratkoročnega in srednjeročnega ter dolgoročnega likvidnostnega položaja, testiranje stresnih scenarijev, načrt financiranja in ključni regulativni kazalniki - in je namenjen predvsem zagotavljanju zadostne likvidnosti. Skupina skladno z metodologijo matične skupine UniCredit izračunava notranji kapital (imenovan tudi »ekonomski kapital« za posamezne kategorije tveganj). Tako proces ocenjevanja ustreznosti notranjega kapitala (ICAAP) kot tudi proces ocenjevanja ustreznosti notranje likvidnosti (ILAAP) sta predmet letnega pregleda notranje revizije. 130 2018 Letno poročilo · UniCredit Bank KREDITNO TVEGANJE – tveganje nastanka izgube zaradi neizpolnitve pogodbeno dogovorjenih obveznosti dolžnika do banke Skupina sprejema in upravlja kreditno tveganje skladno z internimi akti. Postopki upravljanja kreditnega tveganja potekajo na ravni posamezne transakcije, stranke in portfelja na podlagi postopkov, struktur in pravil, ki usmerjajo, vodijo in standardizirajo ocenjevanje ter upravljanje kreditnega tveganja skladno z načeli in prakso Skupine. Aktivnosti so usmerjene v analizo glavnih sestavin kreditnega tveganja in njihovega časovnega razvoja z namenom pravočasnega odkrivanja znakov poslabšanja ter pravočasnega in ustreznega ukrepanja. Tveganje neplačila: dogodek neplačila nastopi, ko stranka več kot 90 dni zamuja s plačilom katerekoli pomembnejše kreditne obveznosti oziroma je verjetnost plačila nizka skladno z Direktivo CRD IV in Uredbo CRR ter veljavnimi internimi akti Skupine. Posledica teh dogodkov je uvrstitev vseh naložb povezanih s stranko med slabe naložbe. Tveganje neplačila Tveganje listninjenja Deželno tveganje Kreditno tveganje Tveganje nasprotne stranke Tveganje poravnave Tveganje koncentracije Deželno tveganje: tveganje izgube, ki jo lahko utrpi Skupina v katerikoli državi, zaradi kateregakoli od naslednjih razlogov: poslabšanje ekonomskih razmer, politični ali socialni nemiri, nacionalizacija ali razlastitev premoženja, zavrnitve s strani vlade v primeru zadolženosti, poostrene menjalne kontrole in valutne depreciacije ali devalvacije. Tveganje poravnave: tveganje, ki lahko nastane pri poravnavi ali obračunavanju posameznih transakcij, v primeru ko ne pride istočasno do izmenjave / poravnave obveznosti v denarju, vrednostnih papirjih in/ali drugih oblikah premoženja. Tveganje koncentracije: tveganje nastanka izgube v primeru prekomerne izpostavljenosti do posamezne osebe, skupine povezanih oseb in oseb, ki jih povezujejo skupni dejavniki tveganja, kot so isti gospodarski sektor oziroma geografsko območje ali istovrstni posli in podobno. Tveganje nasprotne stranke: tveganje, da bo nasprotna stranka postala neplačnik pred končno poravnavo denarnih tokov iz tega posla. Nanaša se na izvedene finančne instrumente, posle začasne prodaje oziroma odkupa, posojanja oziroma izposoje vrednostnih papirjev ali blaga, posle kreditiranja za povečanje trgovalnega portfelja in posle z dolgim rokom poravnave skupine povezanih oseb in oseb, ki jih povezujejo skupni dejavniki tveganja. Glavni cilj upravljanja s kreditnim tveganjem je doseganje oziroma ohranjanje visoke kakovosti in razpršenosti kreditnega portfelja. Podlaga učinkovitega upravljanja s kreditnim tveganjem je uporaba različnih bonitetnih modelov, ki so vgrajeni v odločitvene procese, povezane s kreditnim tveganjem. Bonitetni modeli so ključni tudi pri določanju kapitalske zahteve glede na višino tveganju prilagojene aktive. Pri upravljanju s kreditnim tveganjem daje Skupina velik poudarek doslednemu poročanju nadzornemu svetu in izvajanju notranjih kontrol. Na podlagi tveganju prilagojenega določanja cen in proaktivnega upravljanja s kreditnim tveganjem Skupina kontinuirano izboljšuje razpršenost svojega portfelja in razmerje med donosom in tveganjem. Razdelitev odgovornosti med matično skupino UniCredit in Banko glede upravljanja kreditnega tveganja je opredeljena v pravilih matične skupine UniCredit ter zagotavlja skladnost okvirja upravljanja s kreditnim tveganjem Skupine z regulatornimi zahtevami, ki jih je Skupina zavezana spoštovati. UniCredit Bank · 2018 Letno poročilo 131 Računovodski izkazi Banke in Skupine Bančna tveganja Pravila Skupine za usmerjanje, vodenje in standardizacijo ocenjevanja in upravljanja kreditnega tveganja so opredeljena na ravni Skupine skladno z regulatornimi zahtevami in dobro prakso Skupine. Pravila dopolnjujejo politike, ki se nanašajo na posamezna poslovna področja, segmente, transakcije, itd. Strategije kreditnega tveganja so učinkovit inštrument za upravljanje s kreditnim tveganjem ter so sestavni del procesov oblikovanja letnega plana in nagnjenosti Skupine k prevzemanju tveganj. Na podlagi makroekonomskih scenarijev, predvidevanj glede posamezne gospodarske panoge in poslovnih strateških pobud, strategije kreditnega tveganja opredeljujejo nabor smernic in operativnih ciljev za poslovanje s posameznim poslovnim segmentom. Merjenje kreditnih tveganj Temelj vsakega kreditnega odobritvenega procesa je podrobna obravnava vsake kreditne izpostavljenosti povezane s stranko. Skupina pri procesu odobravanja svojih naložb upošteva tako verjetnost dogodka neplačila obveznosti posamezne stranke kot tudi tveganje povezano z različnimi vrstami izpostavljenosti. Pri merjenju kreditnega tveganja Skupina izračunava boniteto na podlagi verjetnosti dogodka neplačila obveznosti posamezne stranke. Za del kreditnega portfelja pravnih oseb Banka ocenjuje parameter tveganja verjetnosti neplačila (PD) na podlagi interne metodologije (IRB pristop), skladno z Direktivo CRD IV in Uredbo CRR. Za ostali del portfelja Banka uporablja lokalne modele merjenja kreditnega tveganja. Skupina z namenom učinkovitega in statistično podprtega merjenja kreditnih tveganj pripravlja in spremlja interne modele skladno s prej omenjeno direktivo in uredbo ter smernicami matične skupine UniCredit. Verjetnost dogodka neplačila in posledično boniteta posamezne stranke je določena na podlagi finančnih podatkov, kvalitativnih dejavnikov in opozorilnih signalov. Skupina uporablja lestvico matične skupine UniCredit z desetimi glavnimi bonitetnimi razredi in z dodatno razdelitvijo v 26 bonitetnih podrazredov v razponu od 1+ do 10, ki so umerjeni upoštevajoč lokalne značilnosti. Zadnja dva glavna razreda predstavljata slabe naložbe. Tabela prikazuje primerjavo med interno in zunanjo bonitetno oceno Interna bonitetna skupina* S&P Moody's Fitch 1 AAA / AA+ / AA / AA- Aaa / Aa1 / Aa2 / Aa3 AAA / AA+ / AA / AA- 2 A+ / A / A- A1 / A2 / A3 A+ / A / A- 3 BBB+ / BBB Baa1 / Baa2 BBB+ / BBB 4 BBB- / BB+ Baa3 / Ba1 BBB- / BB+ 5 BB Ba2 BB 6 BB- / B+ Ba3 / B1 BB- / B+ 7 B B2 B 8 (8+, 8) B- / CCC / CC B3 / Caa / Ca B- / CCC / CC 9 (8-, 9) C C C 10 D C C * Za namen primerjave so interne bonitetne skupine grupirane v osem primerljivih skupin, pri čemer pa deveta in deseta skupina predstavljata slabe naložbe in nista prikazani v tabeli. 132 2018 Letno poročilo · UniCredit Bank Tabela prikazuje bruto izpostavljenost bilančnih postavk kreditnemu tveganju Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 238.429 412.560 238.429 412.560 15.592 10.943 15.592 10.943 222.837 401.617 222.837 401.617 Finančna sredstva, namenjena trgovanju 8.620 6.932 8.620 6.932 Finančna sredstva merjena po pošteni vrednosti skozi poslovni izid Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Denar v blagajni Stanje na računih pri centralnih bankah in vpogledne vloge pri bankah 4.125 - 4.125 - Posojila in terjatve 2.694 - 2.694 - Kapitalski instrumenti 1.431 - 1.431 - 408.433 - 408.433 - Finančna sredstva merjena po pošteni vrednosti skozi drugi vseobsegajoči donos Naložbe v kapitalske inštrumente Dolžniški vrednostni papirji 22.945 - 22.945 - 385.488 - 385.488 - Finančna sredstva razpoložljiva za prodajo Naložbe v kapitalske inštrumente Dolžniški vrednostni papirji Posojila in terjatve merjeni po odplačni vrednosti 397.142 - 397.142 24.037 - 24.037 - 373.105 - 373.105 2.023.447 - 2.082.594 - Dolžniški vrednostni papirji - - - - 37.646 - 37.646 - 1.983.068 - 2.041.960 - 2.733 - 2.988 - - 1.920.979 - 1.984.128 Bankam Strankam - Druga finančna sredstva Posojila in terjatve (MRS 39) Bankam - 40.994 - 40.994 Strankam - 1.875.731 - 1.936.147 Druga finančna sredstva - 4.254 - 6.987 Finančna sredstva v posesti do zapadlosti (MRS 39) - 7.202 - 7.202 10.704 11.334 10.704 11.334 zvedeni finančni instrumenti, namenjeni varovanju Druga sredstva Skupaj 1.396 1.254 3.967 2.096 2.695.154 2.757.403 2.756.872 2.821.394 Opomba: Znesek kreditne izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Bilančni kreditni portfelj Banke se je se je v primerjavi s preteklim letom zmanjšal za 62,2 milijona evrov oziroma za 2,3 %. Bilančni kreditni portfelj Skupine se je v primerjavi s preteklim letom zmanjšal za 64,5 milijona evrov oziroma za 2,3 %. Skupna bilančna kreditna izpostavljenost je na dan 31. 12. 2018 znašala 2.756,9 milijona evrov. Izpostavljenost zunajbilančnih postavk kreditnemu tveganju Banka EUR 1.000 Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 Garancije 429.317 217.069 429.317 217.069 Krediti, limiti in kreditne linije 471.307 619.356 471.307 619.356 4.360 20.264 4.360 20.264 Nazivna vrednost izvedenih finančnih instrumentov 2.278.716 1.957.406 2.278.716 1.957.406 Skupaj 3.183.700 2.814.095 3.183.700 2.814.095 Upniki po spot poslih Zunajbilančni kreditni portfelj Banke in Skupine se je v primerjavi s preteklim letom povečal za 48,3 milijona evrov oziroma za 1,7 odstotka. Skupna zunajbilančna kreditna izpostavljenost je na dan 31. 12. 2018 znašala 2.862,4 milijona evrov. UniCredit Bank · 2018 Letno poročilo 133 Računovodski izkazi Banke in Skupine Bančna tveganja Analiza kreditnega portfelja Po stanju na dan 31. december 2018 je Skupina beležila zvišanje kreditne izpostavljenosti do nebančnega sektorja, in sicer v višini 108,7 milijona evrov, oziroma 5,6 % v primerjavi s koncem leta 2017. V nebančnem sektorju je prišlo do največje rasti zaradi dodatnega kreditiranja v sektorju strojev in kovin, in sicer za 60,8 milijona evrov oziroma za 75,5 %. Največji upad pa je Skupina zabeležila v sektorju hrane in pijač, ki se je v primerjavi s koncem leta 2017 zmanjšal za 20,0 milijona evrov oziroma za 19,4 %. Na celotnem kreditnem portfelju Skupine, ki vključuje bančne in nebančne terjatve, je Skupina zabeležila zmanjšanje portfelja za 72,9 milijona evrov oziroma za 3,1 % v primerjavi s koncem preteklega leta. Segmentna razdelitev kreditnega portfelja Skupine na dan 31. 12. 2018 Finančna in zavarovalniška dejavnost 1 % Kmetijstvo in gozdarstvo Avtomobilska industrija 3% Prebivalstvo 35 % Podjetja 3% Maloprodaja 5% 11 % Državni in javni sektor 2% Gostinstvo Tekstilna dejavnost Holding 48 % Banke 1% Elektronika 7% 1% Gradbeništvo 6% Farmacevtska dejavnost 4% Informacijska in telekomunikacijska dejavnost Promet 6% 6% 22 % Turizem 2% Nepremičnine 2% Druge dejavnosti 11 % Energija in ravnanje z odpadki 11 % 134 2018 Letno poročilo · UniCredit Bank Tisk in založništvo 1% Kovinsko predelovana industrija 13 % Segmentna razdelitev kreditnega portfelja Skupine na dan 31. 12. 2017 Finančna in zavarovalniška dejavnost 1% Avtomobilska industrija 3% Prebivalstvo 32 % Farmacevtska dejavnost Podjetja Maloprodaja 43 % Kmetijstvo in gozdarstvo 1% Gostinstvo Elektronika 1% 10 % Tekstilna dejavnost Holding 1% 4% Gradbeništvo 6% 4% 5% Informacijska in telekomunikacijska dejavnost 5% Banke 19 % Turizem Promet 2% Državni in javni sektor 23 % Nepremičnine 6% 2% Druge dejavnosti 13 % Kovinsko predelovana industrija Energija in ravnanje Tisk in z odpadki založništvo 11 % 8% 1% Segmentna razdelitev kreditnega portfelja Banke na dan 31. 12. 2018 Kmetijstvo in gozdarstvo 1% Prebivalstvo 35 % Podjetja 47 % Banke 6% 4% 6% Avtomobilska industrija 2% Državni in javni sektor Gostinstvo 16 % Elektronika 12 % Gradbeništvo Finančna in zavarovalniška dejavnost Promet 14 % 2% Holding Farmacevtska dejavnost 3% 4% Kovinsko predelovana industrija Maloprodaja 4% 12% Informacijska in telekomunikacijska dejavnost 6% Tisk in založništvo Turizem 1% Nepremičnine 1% Druge dejavnosti 11 % Energija in ravnanje z odpadki 1% 11 % UniCredit Bank · 2018 Letno poročilo 135 Računovodski izkazi Banke in Skupine Bančna tveganja Segmentna razdelitev kreditnega portfelja Banke na dan 31. 12. 2017 Kmetijstvo in gozdarstvo 1% Finančna in zavarovalniška dejavnost 15 % Tekstilna dejavnost 1% Podjetja 43 % 8% Gradbeništvo 4% Prebivalstvo 32 % Gostinstvo Elektronika 1% Holding 4% Promet 15 % Avtomobilska industrija 3% Banke 19 % Državni in javni sektor Farmacevtska dejavnost 4% Kovinsko predelovana industrija Maloprodaja 4% 6% Informacijska in telekomunikacijska dejavnost 5% Tisk in založništvo 1% Turizem 1% Nepremičnine 2% 7% Druge dejavnosti 13 % Energija in ravnanje z odpadki 11 % Delitev celotnega kreditnega portfelja Skupine po geografski lokaciji Izpostavljenost (EUR 1.000) Izpostavljenost glede na geografsko lokacijo 31. 12. 2018 31. 12. 2017 Rast v % Slovenija 2.122.774 2.207.637 (4) Hrvaška 76.916 79.055 (3) Italija 27.783 44.490 (38) Avstrija 27.796 5.839 376 Nemčija 21.425 23.162 (7) Luksemburg 6.305 4.307 46 Srbija 5.572 2.812 98 Madžarska 5.346 4.723 13 Švica 4.440 4.601 (3) Združene države Amerike 2.443 1.615 51 Nizozemska 1.452 1.810 (20) Drugo 5.874 6.917 (15) 2.308.125 2.386.969 (3) Skupaj Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid ter posojila in terjatve merjeni po odplačni vrednosti. 136 2018 Letno poročilo · UniCredit Bank Delitev celotnega kreditnega portfelja Banke po geografski lokaciji Izpostavljenost (EUR 1.000) 31. 12. 2018 31. 12. 2017 Rast v % Slovenija 2.063.731 2.143.601 (4) Hrvaška 76.914 79.007 (3) Italija 27.783 44.490 (38) Avstrija 27.758 5.700 387 Nemčija 21.425 23.162 (7) Luksemburg 6.305 4.307 46 Srbija 5.507 2.812 96 Madžarska 5.346 4.723 13 Švica 4.440 4.601 (3) Združene države Amerike 2.443 1.615 51 Nizozemska 1.452 1.810 (20) 5.874 6.794 (14) 2.248.978 2.322.623 (3) Drugo Skupaj Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid ter posojila in terjatve merjeni po odplačni vrednosti. Navedene pomembnejše spremembe v delitvi kreditnega portfelja po geografski lokaciji, tako na ravni Skupine kot na ravni Banke, so večinoma povezane s poslovnimi odnosi z drugimi finančnimi institucijami, vključno s transakcijami znotraj matične skupine UniCredit. Tehnike za zmanjševanje kreditnega tveganja Skupina uporablja različne tehnike za zmanjševanje kreditnega tveganja z namenom zmanjšati potencialne izgube zaradi plačilne nesposobnosti dolžnikov. Skladno z Direktivo CRD IV in Uredbo CRR, ki v bančno zakonodajo Evropske unije prenašata vsebino načel Basel III, je Banka zavezana k izpolnjevanju zahtev glede tehnik zmanjševanja kreditnega tveganja tako pri svojem poslovanju kot tudi za potrebe izračuna regulatornega kapitala. Na podlagi splošnih smernic glede tehnik zmanjševanja kreditnega tveganja, ki jih je izdala matična skupina UniCredit, je Skupina v okviru internih pravilnikov opredelila procese, strategije in postopke za upravljanje z zavarovanji s poudarkom na pravilih glede sprejemljivosti, vrednotenja in spremljanja zavarovanj z namenom zagotoviti pravno izvršljivosti in pravočasno unovčenje zavarovanj v skladu z zakonodajo. Skladno s kreditno politiko je primarni vir poplačila naložb plačilna sposobnost dolžnika, sprejeta zavarovanja pa predstavljajo sekundarni vir poplačila v primeru, da dolžnik preneha z odplačevanjem pogodbenih obveznosti. S tem namenom poleg analize kreditne sposobnosti in plačilne sposobnosti kreditojemalca Skupina izvaja tudi vrednotenje in analizo zavarovanj. V skladu z zakonodajo je matična skupina UniCredit vzpostavila sistem vrednotenja, spremljanja in poročanja zavarovanj skladno z zakonsko predpisanimi roki in internimi navodili. Upravljanje s tehnikami zmanjševanja kreditnega tveganja je vgrajeno tako v kreditni proces kot tudi v proces spremljanja kreditnega tveganja. Kontrole in s tem povezane odgovornosti so formalizirane in dokumentirane v internih pravilih ter opisih del in nalog zaposlenih. Prav tako so bili vzpostavljeni procesi, ki zagotavljajo pravilen vnos vseh relevantnih informacij glede identifikacije in vrednotenja zavarovanj v sistemih Skupine. Skupina za zavarovanje naložb pretežno sprejema naslednja zavarovanja: Stvarna kreditna zavarovanja • zavarovanje s poslovnimi in stanovanjskimi nepremičninami • zavarovanje s premičninami • zavarovanje z denarnimi terjatvami • zavarovanje s finančnim premoženjem • zavarovanje z zastavo polic življenjskega zavarovanja UniCredit Bank · 2018 Letno poročilo 137 Računovodski izkazi Banke in Skupine Bančna tveganja Osebna kreditna zavarovanja • solidarna poroštva fizičnih in pravnih oseb • garancije bank • jamstva države • garancije zavarovalnic Skupina daje dodaten poudarek pomenu procesov in kontrol za zagotavljanje pravne gotovosti zavarovanj in preverjanju kreditne sposobnosti izdajatelja pri osebnih kreditnih zavarovanjih. Skladno z interno politiko o kreditnih zavarovanjih so tudi kreditna zavarovanja del rednega pregleda, ki se izvaja vsaj enkrat letno bodisi na individualni ali na portfeljski osnovi. Takšen pristop omogoča Skupini boljši vpogled v trenutno stanje in dejansko vrednost kreditnega zavarovanja. Dodeljene ocene v letu 2018 kažejo izboljšanje razmer na trgu v primerjavi z letom 2017. Trend povečevanja izpostavljenosti v prvih razredih se nadaljuje, kjer je opazno povečanje izpostavljenosti in pripadajočih zavarovanj. Struktura kreditnega portfelja Skupine do strank, ki niso banke, glede na boniteto stranke in pripadajoče zavarovanje vrednoteno po tržni ceni prilagojeno glede na izpostavljenost posameznega kredita EUR 1.000 Izpostavljenost Oslabitve Zavarovanje Izpostavljenost 31. 12. 2018 Oslabitve Zavarovanje 1. 1. 2018 1 224.827 94 198.109 274.871 92 288.811 2 267.897 97 234.936 222.806 195 173.074 3 340.751 250 377.878 293.164 270 347.643 4 602.402 1.393 776.855 506.716 983 745.091 5 280.563 3.040 266.356 270.428 1.664 257.661 6 141.532 2.483 142.829 145.778 2.271 128.983 7 34.288 964 45.965 42.080 1.345 44.018 8 31.188 1.251 51.909 34.795 1.328 61.843 106.538 65.493 54.195 136.127 74.841 94.207 Slabe naložbe Neklasificirane stranke Skupaj 16.753 151 19.961 16.156 295 1.071 2.046.738 75.216 2.168.993 1.942.919 83.283 2.142.402 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid, posojila in terjatve do strank merjeni po odplačni vrednosti in druga finančna sredstva razvrščena strankam. Struktura kreditnega portfelja Banke do strank, ki niso banke, glede na boniteto stranke in pripadajoče zavarovanje vrednoteno po tržni ceni prilagojeno glede na izpostavljenost posameznega kredita EUR 1.000 Izpostavljenost Oslabitve Zavarovanje Izpostavljenost 31. 12. 2018 Oslabitve Zavarovanje 1. 1. 2018 1 224.827 94 198.109 274.871 92 288.811 2 266.746 96 232.812 221.408 193 170.505 3 338.652 233 376.316 292.636 268 347.043 4 539.265 1.136 720.854 452.992 885 697.400 5 373.465 2.734 210.111 348.575 1.957 211.139 6 95.093 1.850 106.253 100.169 1.994 94.771 7 25.593 793 39.955 31.612 1.243 36.049 8 30.608 1.233 51.444 33.666 1.304 61.040 Slabe naložbe 78.736 50.511 35.860 106.577 57.688 70.227 Neklasificirane stranke 14.540 126 18.734 16.068 287 996 1.987.524 58.806 1.990.448 1.878.573 65.912 1.977.981 Skupaj Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid, posojila in terjatve do strank merjeni po odplačni vrednosti in druga finančna sredstva razvrščena strankam. 138 2018 Letno poročilo · UniCredit Bank Struktura kreditnega portfelja Skupine do bank glede na boniteto stranke in pripadajoče zavarovanje vrednoteno po tržni ceni prilagojeno glede na izpostavljenost posameznega kredita EUR 1.000 Izpostavljenost Oslabitve Zavarovanje Izpostavljenost 31. 12. 2018 1 174.153 - - 2 21.254 2 - 3 58.426 3 - 4 5.248 1 - 5 106 - - 6 90 - 7 - - 8 - Slabe naložbe Neklasificirane stranke Skupaj Oslabitve Zavarovanje 1. 1. 2018 366.236 - - 152 - - 73.299 4 - 2.206 1 - 161 - - - - - - - - - - - - - - - - - - 43 43 - 2.108 10 - 1.952 2 - 261.386 16 - 444.050 50 - Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), terjatve do bank merjeni po odplačni vrednosti in druga finančna sredstva razvrščena bankam. Struktura kreditnega portfelja Banke do bank glede na boniteto stranke in pripadajoče zavarovanje vrednoteno po tržni ceni prilagojeno glede na izpostavljenost posameznega kredita EUR 1.000 Izpostavljenost Oslabitve Zavarovanje Izpostavljenost 31. 12. 2018 174.153 - - 2 21.254 2 - 3 58.492 3 - 4 5.248 1 - 5 106 - - 6 90 - 7 - 8 - Neklasificirane stranke Skupaj Zavarovanje 1. 1. 2018 1 Slabe naložbe Oslabitve 366.236 - - 152 - - 73.299 4 - 2.206 1 - 161 - - - - - - - - - - - - - - - - - - - 43 43 - 2.108 10 - 1.952 2 - 261.452 16 - 444.050 50 - Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), terjatve do bank merjeni po odplačni vrednosti in druga finančna sredstva razvrščena bankam. UniCredit Bank · 2018 Letno poročilo 139 Računovodski izkazi Banke in Skupine Bančna tveganja Zneski zavarovanj Skupine glede na vrste zavarovanj vrednoteno po tržni ceni EUR 1.000 Vrste zavarovanj Znesek zavarovanja z nepremičninami 31. 12. 2018 1. 1. 2018 1.816.465 1.720.852 Znesek zavarovanja s premičninami 103.113 89.448 Znesek zavarovanja z nepreklicnimi jamstvi RS 213.789 256.739 7.412 7.093 Znesek zavarovanja z bančnimi vlogami Druge vrste zavarovanj Skupaj 28.214 68.315 2.168.993 2.142.445 Opomba: Tabela ne vključuje osebnih poroštev in poroštev pravnih oseb. Zneski zavarovanj Banke glede na vrste zavarovanj vrednoteno po tržni ceni EUR 1.000 Vrste zavarovanj Znesek zavarovanja z nepremičninami 31. 12. 2018 1. 1. 2018 1.766.159 1.663.793 Znesek zavarovanja s premičninami Znesek zavarovanja z nepreklicnimi jamstvi RS Znesek zavarovanja z bančnimi vlogami Druge vrste zavarovanj Skupaj - - 213.789 256.739 7.412 7.093 3.088 50.357 1.990.448 1.977.981 Opomba: Tabela ne vključuje osebnih poroštev in poroštev pravnih oseb. Na gibanje vrednosti zavarovanj v letu 2018 v primerjavi z letom 2017 so vplivali predvsem naslednji dejavniki: • individualna ocena zavarovanj z nepremičninami skladno z novimi vrednostmi (tržne ali likvidacijske vrednosti); • poplačilo kreditov, zavarovanih z nepremičninami; • zniževanje drugih vrst zavarovanj; • novi posli. Porazdelitev zavarovanj med finančnimi instrumenti Skupine EUR 1.000 Izpostavljenost Zavarovanje Izpostavljenost 31. 12. 2018 Stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Posojila, merjena po pošteni vrednosti prek poslovnega izida Krediti bankam po odplačni vrednosti Krediti strankam po odplačni vrednosti Dolžniški vrednostni papirji, merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos Dolžniški vrednostni papirji po odplačni vrednosti Skupaj Zavarovanje 1. 1. 2018 222.837 - 401.705 - 2.691 - 2.974 - 38.549 - 41.397 - 2.043.048 2.168.993 1.936.465 2.142.402 385.488 - 373.106 - - - 7.202 - 2.693.613 2.168.993 2.762.849 2.142.402 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Druga finančna sredstva iz izkaza finančnega položaja so ustrezno razvrščena med posojila bankam ali strankam. 140 2018 Letno poročilo · UniCredit Bank Porazdelitev zavarovanj med finančnimi instrumenti Banke EUR 1.000 Izpostavljenost Zavarovanje Izpostavljenost 31. 12. 2018 Stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Posojila , merjena po pošteni vrednosti prek poslovnega izida Krediti bankam po odplačni vrednosti Krediti strankam po odplačni vrednosti Dolžniški vrednostni papirji, merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos 222.837 - 401.705 - 2.691 - 2.974 - 38.615 - 41.397 - 1.984.834 1.990.448 1.872.119 1.977.981 385.488 - 373.106 - - - 7.202 - 2.634.465 1.990.448 2.698.502 1.977.981 Dolžniški vrednostni papirji po odplačni vrednosti Skupaj Zavarovanje 1. 1. 2018 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Druga finančna sredstva iz izkaza finančnega položaja so ustrezno razvrščena med posojila bankam ali strankam. Nedonosne izpostavljenosti Skupine do posojil strankam po odplačni vrednosti glede na produkt EUR 1.000 Izpostavljenost Oslabitve Zavarovanje Izpostavljenost 31. 12. 2018 Oslabitve Zavarovanje 1. 1. 2018 Potrošniška posojila 9.666 6.657 5.217 10.672 7.568 6.191 Posojila podjetjem 49.400 34.522 13.632 71.642 41.489 46.768 Hipotekarna posojila 12.138 4.667 14.639 12.565 4.397 16.009 Leasing 27.798 14.979 18.335 29.543 17.148 23.981 Drugo Skupaj 4.848 4.671 2.371 4.324 4.246 1.316 103.850 65.495 54.195 128.746 74.849 94.264 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: posojila in terjatve do strank merjeni po odplačni vrednosti in druga finančna sredstva razvrščena strankam. Nedonosne izpostavljenosti Skupine do posojil strankam po odplačni vrednosti glede na produkt EUR 1.000 Izpostavljenost Oslabitve Zavarovanje Izpostavljenost 31. 12. 2018 Oslabitve Zavarovanje 1. 1. 2018 Potrošniška posojila 9.666 6.657 5.217 10.672 7.568 6.191 Posojila podjetjem 49.400 34.522 13.632 71.642 41.489 46.768 Hipotekarna posojila 12.138 4.667 14.639 12.565 4.397 16.009 Leasing Drugo Skupaj - - - - - - 4.844 4.667 2.371 4.317 4.241 1.316 76.048 50.512 35.860 99.196 57.696 70.284 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti in ne vključuje oslabitev. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: posojila in terjatve do strank merjeni po odplačni vrednosti in druga finančna sredstva razvrščena strankam. Tehnike za zmanjševanje kreditnega tveganja Procesi upravljanja, merjenja in spremljanja kreditnega tveganja so osnova za izračun oslabitve posojil in dolžniških vrednostnih papirjev, ki so razvrščeni kot finančna sredstva po odplačni vrednosti, finančna sredstva po pošteni vrednosti skozi vseobsegajoči donos in ustrezne zunajbilančne izpostavljenosti, v skladu z zahtevami MSRP 9. V ta namen izračun oslabitve v skladu s pričakovanimi kreditnimi izgubami temelji na dveh glavnih stebrih: 1. Razvrstitev v skupine kreditne izpostavljenosti; 2. S tem povezan izračun pričakovane kreditne izgube UniCredit Bank · 2018 Letno poročilo 141 Računovodski izkazi Banke in Skupine Bančna tveganja Znotraj Skupine določitev razvrstitve v skupine temelji na kombinaciji relativnih in absolutnih elementov. Glavni elementi so: • Primerjava, za vsako transakcijo, med verjetnostjo neplačila, izmerjeno ob nastanku transakcije ter verjetnostjo neplačila na datum poročanja, ki sta izračunani na podlagi notranjih modelov in s pragi, ki so postavljeni tako, da se upoštevajo vse ključne spremenljivke vsake transakcije, ki bi lahko vplivale na pričakovanja banke glede sprememb verjetnosti neplačila skozi čas (npr. starost, ročnost, raven verjetnosti neplačila v času nastanka); • Absolutni elementi, kot so zakonski varovalni mehanizmi (npr. 30-dnevna zamuda pri plačilu); • Drugi interni dokazi, vključno s ponovnimi preučitvami finančnih instrumentov zaradi finančnih težav, s katerimi se sooča nasprotna stranka (npr. nova klasifikacija v restrukturirano izpostavljenost). V zvezi z dolžniškimi vrednostnimi papirji se je Skupina odločila uporabiti »izjemo z nizkim kreditnim tveganjem« za vrednostne papirje naložbenega razreda, kar je v celoti v skladu z veljavnim računovodskim standardom. Rezultat razvrščanja v skupine je klasifikacija kreditne izpostavljenosti med skupino 1, skupino 2 ali skupino 3 glede na njihovo absolutno ali relativno kreditno kakovost glede na začetno izplačilo. Natančneje: • Skupina 1: vključuje (i) novo izdane ali pridobljene kreditne izpostavljenosti, (ii) izpostavljenosti, pri katerih se kreditno tveganje od začetnega pripoznanja ni bistveno poslabšalo, (iii) izpostavljenosti z nizkim kreditnim tveganjem (izjema z nizkim kreditnim tveganjem); • Skupina 2: vključuje kreditne izpostavljenosti, ki so kljub donosnosti utrpele znatno poslabšanje kreditnega tveganja od začetnega pripoznanja; • Skupina 3: vključuje oslabljene kreditne izpostavljenosti. Rezultat razvrščanja v skupine je podlaga za izračun oslabitve. Za izpostavljenosti v skupini 1 je oslabitev enaka pričakovani izgubi, izračunani skozi časovno obdobje do enega leta. Za izpostavljenosti v skupinah 2 ali 3 je oslabitev enaka pričakovani izgubi, izračunani skozi časovno obdobje, ki je enako celotni življenjski dobi izpostavljenosti. Model razvrščanja v skupine se uporablja na vsak datum poročanja, s čimer se zagotovi tako pravočasno zajemanje znatnega poslabšanja kot tudi njegovega obrata na simetričen način za pravilno razvrščanje vsake transakcije v ustrezno skupino in s tem povezanim modelom izračuna pričakovanih izgub. Pri izračunu pričakovane kreditne izgube je potrebno upoštevati, da ta znesek temelji na prilagojenih kazalnikih PD (verjetnost neplačila), LGD (izguba ob neplačilu) in EAD (izpostavljenost ob dogodku naplačila), začenši s kazalniki, ki se uporabljajo za regulatorne in poslovodne namene, da se zagotovi skladnost z računovodskimi predpisi. Ključne prilagoditve kazalnikov, ki se uporabljajo za regulatorne in poslovodne namene, vključujejo prilagoditve, ki so potrebne za izračun pričakovane kreditne izgube »v določenem trenutku« in v prihodnost usmerjena pričakovanja glede kreditne izgube, tako kot tudi prilagoditve, ki so potrebne za vključitev več scenarijev. Pričakovana kreditna izguba (bodisi 1-letna ali vseživljenjska, odvisno od skupine) upošteva »v prihodnost usmerjene« informacije in makroekonomske napovedi po osnovnem scenariju z neposredno prilagoditvijo kazalnikov kreditnega tveganja, medtem ko je učinek večkratnih scenarijev zajet z uporabo faktorja prekrivanja, ki se nanaša neposredno na pričakovano kreditno izgubo. Proces, ki je oblikovan tako, da vključuje makroekonomske scenarije, je popolnoma skladen s procesi makroekonomskih napovedi, ki jih Skupina uporablja za dodatne cilje, povezane z upravljanjem s tveganji (kot so denimo postopki, uvedeni za izračun pričakovane kreditne izgube iz makroekonomskih napovedi, ki temeljijo na stresnem testu EBA in procesa ICAAP), izkorišča pa tudi neodvisno funkcijo skupine, imenovano UniCredit Research. Izhodiščna točka je torej popolnoma usklajena, medtem ko je uporaba diferencirana, da se zagotovi skladnost z različnimi zahtevami z uporabo notranjih scenarijev. V zvezi s skupino 3 je treba izpostaviti, da vključuje oslabljene izpostavljenosti, ki ustrezajo definiciji skupnih nedonosnih izpostavljenosti po ITS EBA (EBA/ITS /2013/03/rev1 24/7/2014), v skladu s pravili Banca d’Italia 272 z dne 30. julija 2008 in njihovimi posodobitvami. Evropski bančni organ (EBA) nedonosne izpostavljenosti opredeljuje kot izpostavljenosti, ki izpolnjujejo oba ali enega od naslednjih kriterijev: • materialne izpostavljenosti z zamudo nad 90 dni; • Izpostavljenosti, za katere banka ocenjuje, da obstaja majhna verjetnost, da bi dolžnik zmogel v celoti odplačati svoje kreditne obveznosti, ne da bi banka za poplačilo uporabila ukrepe, kot je unovčenje zavarovanj, ne glede na zamude pri plačilu in na število dni zamude. Za izpostavljenosti v skupini 3 Skupina uporablja dva pristopa in metodologiji za oblikovanje izgub zaradi oslabitev – posamični in skupinski. Oslabitve finančnih sredstev, ki predstavljajo posamične izpostavljenosti do pravnih oseb, ki pomembno zamujajo s poravnavo obveznosti, se ocenjujejo posamično, in sicer glede na najboljšo oceno sedanje vrednosti pričakovanega denarnega toka, medtem ko se za stranke iz segmenta poslovanja s prebivalstvom oslabitve finančnih sredstev ocenjuje skupinsko na podlagi izračuna pričakovane izgube. Pri ocenjevanju teh denarnih tokov Skupina presoja finančno stanje nasprotne stranke, kot tudi njeno preteklo plačilno (ne)disciplino in način odplačevanja. Mesečna ocena predstavlja osnovo za knjiženje oslabitev. Postopek je zajet v smernicah in podprt z IT rešitvami. 142 2018 Letno poročilo · UniCredit Bank Skupina pri oblikovanju specifičnih oslabitev z uporabo posamičnega pristopa (na ravni stranke ali posla) upošteva naslednje kriterije: • Pri ocenjevanju teh denarnih tokov Skupina presoja finančno stanje nasprotne stranke, kot tudi njeno preteklo plačilno (ne)disciplino in način odplačevanja; • Morebitno odpoved posojilnih pogodb ali pogojev; • Stečaj ali druge pravne postopke, ki imajo lahko za posledico izgubo za Skupino; • Informacije, ki imajo lahko vpliv na izpad prejetih odplačil za Skupino. Skupina redno spremlja razvoj portfelja in stopnjo pokritosti oslabitev, o čemer redno poroča vodstvu in upravi. Prav tako Skupina izvaja nadzor na ravni stranke za tiste stranke, ki zamujajo s plačili. Skupina je uvedla tri statuse problematičnih strank glede na tveganost, ki določajo, katera enota je odgovorna za posamezno stranko: • Status »Kredit na opazovanju« pomeni, da stranka še poravnava svoje obveznosti v roku, vendar je zaradi različnih opozorilnih signalov to lahko ogroženo. V takšnih primerih mora enota Presoja in prevzemanje kreditnih tveganj zahtevati vzpostavitev posebnih načrtov aktivnosti, ki jih morajo izvajati poslovne divizije. • Status »Prestrukturiranje«: V takšnih primerih Banka poskuša prestrukturirati izpostavljenost do stranke z namenom, da bi se stranka vrnila v status normalnega izpolnjevanja obveznosti, s čimer bi se minimizirale tudi potencialne izgube za Banko. To aktivnosti vodi enota Posebni primeri v sodelovanju s poslovnimi divizijam • Status »Pravna izterjava«: To pomeni, da je bila pogodba s stranko odpovedana, enota Posebni primeri pa je odgovorna za izvedbo izterjave preko različnih oblik izvensodne ali sodne poravnave Bruto knjigovodska vrednost izpostavljenosti Skupine po ocenah in stopnjah notranjega kreditnega tveganja EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 684.242 42.692 - 726.934 1.003.537 2 296.681 37.789 - 334.470 240.835 3 364.862 46.532 - 411.394 366.463 4 464.478 143.172 - 607.650 508.922 5 210.210 70.457 1 280.669 270.589 6 108.710 32.912 - 141.622 145.778 7 17.099 17.188 - 34.287 42.080 8 1.826 29.361 - 31.188 34.795 Slabe naložbe Neklasificirane stranke Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost - - 106.540 106.540 136.180 14.298 4.561 - 18.860 18.098 2.162.407 424.666 106.541 2.693.613 2.767.277 4.674 5.132 65.495 75.302 87.015 2.157.732 419.533 41.046 2.618.311 2.680.262 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid ter posojila, terjatve merjeni po odplačni vrednosti in dolžniški vrednostni papirji merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos. UniCredit Bank · 2018 Letno poročilo 143 Računovodski izkazi Banke in Skupine Bančna tveganja Bruto knjigovodska vrednost izpostavljenosti Banke po ocenah in stopnjah notranjega kreditnega tveganja EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 684.242 42.692 - 726.934 1.003.537 2 295.541 37.777 - 333.318 239.437 3 362.819 46.541 - 409.360 365.936 4 403.955 140.558 - 544.513 455.197 5 310.083 63.488 1 373.572 348.736 6 68.601 26.582 - 95.183 100.169 7 9.116 16.478 - 25.593 31.612 8 1.826 28.781 - 30.608 33.666 - - 78.738 78.738 106.630 12.110 4.537 - 16.646 18.011 2.148.293 407.433 78.739 2.634.465 2.702.931 3.909 4.471 50.512 58.892 68.230 2.144.384 402.962 28.227 2.575.573 2.634.701 Slabe naložbe Neklasificirane stranke Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid ter posojila, terjatve merjeni po odplačni vrednosti in dolžniški vrednostni papirji merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos. Kreditna sredstva so razvrščena in obravnavana kot nedonosna, če je izpolnjen eden ali več privzetih kriterijev standarda Basel II: majhna verjetnost poplačila obveznosti v celoti, obresti ali glavnice na pomembno izpostavljenost, katere dolžnik že več kot 90 dni zamuja s plačilom, prestrukturiranje, ki povzroči izgubo za posojilodajalca, realizacija izgube posojila ali začetek stečajnega postopka. Te izpostavljenosti Skupina razvrsti in izkazuje kot nedonosne. Rezervacije za izgube pri posojilih so v Banki pokrile 64,2 % (5,4 odstotne točke več kot konec leta 2017) izkazanih nedonosnih posojil (NPL), ki so razvrščena v zamudo nad 90 dni ali izpolnjujejo katere koli druge kriterije za problematično kreditno izpostavljenost. Po stanju na dan 31. december 2018 se je vrednost nedonosnih posojil zmanjšala za 27,9 milijona evrov oziroma za 26,2 odstotka na vrednost 78,7 milijona evrov. Rezervacije za nedonosna posojila so se zmanjšale za 12,1 milijona evrov ali za 5,4 odstotka na 50,5 milijona evrov. Od vseh nedonosnih posojil 29,8 % predstavljajo rezervacije za izgube na podlagi skupinskih oslabitev. Rezervacije za izgube pri posojilih so v Skupini pokrile 61,5 % izkazanih nedonosnih posojil (NPL), ki so razvrščena v zamudo nad 90 dni ali izpolnjujejo katere koli druge kriterije za problematično kreditno izpostavljenost. Po stanju na dan 31. december 2018 se je vrednost nedonosnih posojil zmanjšala za 29,6 milijona evrov oziroma za 21,8 odstotka na vrednost 106,5 milijona evrov. Rezervacije za nedonosna posojila so se zmanjšale za 14,7 milijona evrov ali za 2,6 odstotka na 65,5 milijona evrov. Od vseh nedonosnih posojil 25,1 % predstavljajo rezervacije za izgube na podlagi posamičnih oslabitev. Kakovost portfelja Razvrstitev terjatev Skupine, ki niso slabe, po zapadlosti glede na dneve zamud EUR 1.000 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravek vrednosti za izgubo Izpostavljenost Popravek vrednosti za izgubo Nezapadle terjatve 2.559.641 8.413 2.513.856 7.879 zapadle do 30 dni 24.059 872 108.348 362 2.942 481 993 85 Dnevi zamude zapadle od 30 do 60 dni zapadle od 60 dni do 90 dni Skupaj 144 2018 Letno poročilo · UniCredit Bank 432 41 672 177 2.587.073 9.807 2.623.869 8.504 Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid ter posojila, terjatve merjeni po odplačni vrednosti in dolžniški vrednostni papirji merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos. Razvrstitev terjatev Banke, ki niso slabe, po zapadlosti glede na dneve zamud EUR 1.000 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravek vrednosti za izgubo Izpostavljenost Popravek vrednosti za izgubo Nezapadle terjatve 2.549.845 8.162 2.492.165 8.011 zapadle do 29 dni 5.330 178 96.182 94 469 34 250 33 Dnevi zamude zapadle od 30 do 59 dni zapadle od 60 do 89 dni Skupaj 83 5 475 148 2.555.727 8.380 2.589.073 8.286 Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti. Prikazane so sledeče bilančne postavke iz izkaza finančnega položaja: stanje na računih pri centralnih bankah in vpogledne vloge pri bankah (denar v blagajni je izključen), posojila in terjatve merjeni po pošteni vrednosti skozi poslovni izid ter posojila, terjatve merjeni po odplačni vrednosti in dolžniški vrednostni papirji merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos. Finančna sredstva, ki so na datum zapadlosti zapadla v plačilo, niso pa oslabljena, za Skupino ne predstavljajo materialne vrednosti. Za interne namene se oslabljena posojila delijo v naslednje skupine: • Slabe terjatve (skupina Bad po klasifikaciji Banke Italije) – v to skupino sodijo terjatve, ki so slabe, stranke pa insolventne , tudi če insolventnost ni bila prepoznana s strani sodišča. Oslabitev se oblikuje individualno ali portfeljsko. • Dvomljive terjatve (skupina UTP po klasifikaciji Banke Italije – Unlikely to pay oz. terjatve, za katera je malo verjetno, da bodo poplačana) – v to skupino sodijo terjatve do strank, ki se soočajo z začasnimi težavami, za katere Skupina predvideva, da bodo v ustreznem časovnem obdobju razrešene. Dvomljive terjatve se slabijo na posamični ali skupinski podlagi. • Zapadle terjatve (skupina Past Due po klasifikaciji Banke Italije) – gre za izpostavljenost do strank, ki niso vključene v ostali dve kategoriji in ki zamujajo s svojimi obveznostmi več kot 90 in manj kot 180 dni. i. Izpostavljenost po skupinah slabih terjatev EUR 1.000 Razred Banke Italije Zapadle terjatve (skupina: Past Due) Dvomljive terjatve (skupina: UTP) Banka 31. 12. 2018 Skupina 1. 1. 2018 31. 12. 2018 1. 1. 2018 2.605 713 3.843 1.462 41.463 60.578 61.342 82.360 Slabe terjatve (skupina: BAD) 34.670 45.350 41.355 52.369 Skupaj 78.738 106.642 106.540 136.191 Opomba: Znesek izpostavljenosti v tabeli je izražen v bruto vrednosti. Druga finančna sredstva iz izkaza finančnega položaja so ustrezno razvrščena med posojila bankam ali strankam. Makroekonomski dejavniki izgube V skladu z zahtevami MSRP 9 se pričakovano kreditno izgubo oziroma ECL (Expected Credit Loss) ocenjuje tako, da izraža nepristranski in verjetnostno tehtan znesek (probability-weighted) po vrednotenju vrste različnih rezultatov. Pričakovana kreditna izguba (ECL) mora vključevati informacije o preteklih dogodkih, trenutnih razmerah in napovedih glede prihodnjih ekonomskih okoliščin. Izbira zahtevanih makroekonomskih kazalnikov in njihova uporaba v modelih je določena kot del funkcije razvoja in upravljanja modelov za modele po MSRP 9. V modelih MSRP 9 so uporabljene naslednje makroekonomske spremenljivke, ki so posledično vključene v določanje pričakovane kreditne izgube (Expected Credit Loss - ECL): • realni BDP (medletne spremembe v odstotkih); • indeks rasti cen življenjskih potrebščin – CPI (medletni, medletni in ob koncu obdobja, povprečni); UniCredit Bank · 2018 Letno poročilo 145 Računovodski izkazi Banke in Skupine Bančna tveganja • • • • nominalna plača (mesečna, nominalna v EUR); stopnja brezposelnosti (%); obrestne mere (10-letne, %); indeks cen stanovanj (medletne spremembe v odstotkih) . Uporabljeni so trije scenariji, ki izražajo reprezentativni vzorec možnih rezultatov (osnovni, negativni in pozitivni scenariji). Makroekonomski dejavniki izgube v skladu z makroekonomskimi scenariji EUR 1.000 2019 2020 2021 Realni BDP (medletne spremembe v odstotkih) Osnovni scenarij 3,0 2,0 2,3 Negativni scenarij 0,4 (0,4) 1,1 Pozitivni scenarij 3,4 2,4 2,5 1,9 1,8 1,8 Stopnja inflacije (CPI) medletna, ob koncu obdobja Osnovni Negativni scenarij 1,4 0,9 1,4 Pozitivni scenarij 1,6 1,7 1,8 2,1 1,8 1,8 Stopnja inflacije (CPI) medletna, povprečna Osnovni scenarij Negativni scenarij 1,8 1,1 1,1 Pozitivni scenarij 1,9 1,5 1,7 Mesečna plača, nominalna v EUR Osnovni scenarij 1.727,1 1.777,2 1.856,5 Negativni scenarij 1.673,7 1.682,0 1.741,7 Pozitivni scenarij 1.837,8 1.905,8 1.984,9 Stopnja brezposelnosti, % Osnovni scenarij 5,3 5,1 5,3 Negativni scenarij 6,4 6,9 7,1 Pozitivni scenarij 5,0 4,6 5,1 1,8 2,0 2,2 Dolgoročne obrestne mere 10-letne (%) Osnovni scenarij Negativni scenarij 2,6 2,5 2,4 Pozitivni scenarij 1,5 1,5 1,2 Indeks cen stanovanj, medletne spremembe v % Osnovni scenarij 4,0 1,0 0,0 Negativni scenarij (0,1) (3,3) (2,3) Pozitivni scenarij 5,9 2,8 0,9 Različni scenariji Uporabljeni so torej trije scenariji, ki izražajo reprezentativni vzorec možnih rezultatov (osnovni, negativni in pozitivni scenariji). Trije ločeni izračuni ECL se izvajajo posamično, v odvisnosti od vsakega scenarija. Ti ECL na ravni scenarija se nato pomnožijo s tehtanimi verjetnostmi scenarija, rezultat česar je scenarijsko tehtan ECL. Deleži scenarijev so izpeljani na podlagi strokovne presoje in kvantitativne analize. Kvantitativna analiza vključuje dva pristopa: statistično analizo, ki temelji na zgodovinskih vzorcih ekonomskih podatkov (pristop na podlagi Monte Carlo metode) in bolj v prihodnost usmerjeno merilo. Kreditni kazalniki se običajno umerjajo v časovnem horizontu, ki upošteva celoten gospodarski cikel (skozi cikel; t.i. Through-the-cycle - TTC), zato je potrebna v določenem trenutku - PIT in v prihodnost usmerjena prilagoditev, ki omogoča odsevanje trenutnih razmer in pričakovanj glede prihodnjega razvoja gospodarskega cikla v teh kreditnih kazalnikih. (i) Kazalnik verjetnost neplačila (Probability of Default - PD) se umerja z običajno tehniko umerjanja, logistično ali Bayesovo, pri čemer se kot sidrno točko uporabi aritmetično povprečje med zadnjimi stopnjami neplačil, ki so bile ugotovljene v portfelju in stopnje insolventnosti, predvidene s funkcijo stresnega testa; 146 2018 Letno poročilo · UniCredit Bank (ii) Kazalnik izgube ob neplačilu (Loss Given Default - LGD) je določen v določenem trenutku - PIT prek skalarnega faktorja, ki omogoča, da se upošteva razmerje med povprečnimi poplačili v celotnem obdobju in izterjavami, doseženimi v prejšnjih letih. Vključitev napovedi v kazalniku LGD se izvede s prilagoditvijo letne stopnje izterjav, ki je implicitna v tem kazalniku, da se upoštevajo pričakovanja glede variacij stopenj izterjav, ki so bile pridobljene s funkcijo stresnega testa. V obdobju poročanja je skupina za stresne teste Skupine ponovno ocenila napovedane vrednosti makroekonomskih informacij po različnih scenarijih. Nove v prihodnost usmerjene informacije (forward-looking information - FLI) so bile ustrezno posodobljene, uporabljene pri izračunu ECL v vseh scenarijih, z namenom, da se opredeli faktor prekrivanja za skupni rezultat kot vpliv na kazalnike tveganja in posledično na povečanje ECL za 15,8% za Skupino 1 in Skupino 2, kot je prikazano v naslednji tabeli: Vrsta scenarija stresnega testa in spremembe PD, LGD, ECL Vrsta scenarija Sprememba PD [%] Sprememba LGD [%] Sprememba ECL [%] Pozitivni scenarij 6,6 3,2 10,9 Osnovni scenarij 7,1 5,0 14,5 Negativni scenarij 10,1 9,9 27,6 7,1 5,0 15,8 Skupaj Ker je model oslabitev MSRP 9 usmerjen v prihodnost, mora Banka za izračun ECL upoštevati prihodnje gospodarske scenarije. Vključitev v prihodnost usmerjenih informacij (t.i. forward-looking information - FLI) je bila podaljšana z dveh let na prihodnja tri leta, kar pomeni, da lahko za prepoznavanje popravka vrednosti za izgubo uporabimo več informacij. Poleg tega je bila v obdobju poročanja vrednost FLI ponovno ocenjena kot redna polletna aktivnost, da so bile prepoznane trenutne gospodarske razmere. Kreditno tveganje, povezano s finančnim instrumentom se je povečalo zaradi spremenjenih globalnih poslovnih in gospodarskih razmer (npr. pričakovana nižja rast BDP v razvitih gospodarstvih, inflacijski pritiski zaradi višjih stroškov dela, depreciacija deviznih tečajev v državah v gospodarskem razvoju). Te spremembe lahko v kombinaciji s posledicami normalizacije denarne politike (zlasti pričakovane višje stopnje Zveznih skladov FED in odzivov finančnih trgov na zaključek programa odkupovanja sredstev v okviru kvantitativnega sproščanja ECB), trgovinskimi vojnami in Brexitom, zmanjšajo sposobnost posojilojemalca, da izpolni svoje pogodbene obveznosti glede denarnih tokov. Razkritje popravka vrednosti za izgubo in knjigovodske vrednosti po MSRP 7 Analiza finančnih instrumentov po skupinah Na osnovi MSRP 7 se spremembe v popravkih vrednosti za izgubo in razlogi zanje razkrivajo po stopnjah na ravni Skupine in Banke z naslednjimi finančnimi instrumenti: • stanje na računih pri centralnih bankah in komercialnih bankah (denar v blagajni je izključen); • dolžniški vrednostni papirji po odplačni vrednosti; • dolžniški vrednostni papirji, merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos (tj. dolžniški vrednostni papirji, merjeni po FVTOCI); • krediti bankam po odplačni vrednosti; • krediti strankam po odplačni vrednosti. Spodnje tabele prikazujejo podrobno analizo zgoraj opisanih finančnih instrumentov, z uporabo stopenj. Bruto knjigovodske vrednosti so prikazane v bruto znesku ECL. Primerjalni podatki za 31. december 2017 so pripravljeni po MRS 39. Razen pri posojilih strankam po odplačni vrednosti je analiza po finančnih instrumentih prikazana v istih tabelah, tako konsolidirana (na ravni Skupine) kot za vsako banko posebej (na ravni Banke). Ker so finančni instrumenti razen posojil in strankam po odplačni vrednosti v lasti Banke, v naslednjih tabelah niso prikazani posebej za Skupino in Banko. Posojila strankam po odplačni vrednosti so prikazana ločeno za Skupino in Banko. Finančna sredstva, ki se kupijo ali izdajo s poslabšano kreditno kakovostjo, niso prisotna niti v portfelju Skupine niti v portfelju Banke, zato so razkritja zanje izpuščena. Stanje na računih pri centralnih in komercialnih bankah (denar v blagajni je izključen) Naslednje tabele analizirajo popravke vrednosti za izgubo Skupine in Banke in knjigovodsko vrednost stanja na računih pri centralnih in komercialnih bankah v skladu z MRS 39 na dan 31. december 2017 in v skladu z MSRP 9 z dne 1. januar 2018 dalje. UniCredit Bank · 2018 Letno poročilo 147 Računovodski izkazi Banke in Skupine Bančna tveganja Popravki vrednosti za izgubo Skupine in Banke - stanje na računih pri centralnih in komercialnih bankah (denar v blagajni je izključen) Podrobna razkritja so izpuščena zaradi nematerialnosti vrednosti. Bruto knjigovodska vrednost Skupine in Banke - stanje na računih pri centralnih in komercialnih bankah (denar v blagajni je izključen) EUR 1.000 Bruto knjigovodska vrednost na dan 31. December 2017 Prevrednotenje predhodnega leta Bruto knjigovodska vrednost na dan 1. januar 2018 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 384.211 17.495 - 401.705 - - - - 384.211 17.495 - 401.705 2.191 (2.191) - - Spremembe bruto knjigovodske vrednosti Prehod na skupino 1 Prehod na skupino 2 - - - - Prehod na skupino 3 - - - - Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja - - - - Odpisi - - - - 171.882 - - 171.882 (378.690) (6.619) - (385.310) 31.589 2.970 - 34.559 211.182 11.655 - 222.837 Novonastala finančna sredstva Finančna sredstva z odpravljenim pripoznanjem Druge spremembe Bruto knjigovodska vrednost na dan 31. 12. 2018 Bruto knjigovodska vrednost Skupine in Banke po stopnjah in skupinah ocen notranjega kreditnega tveganja - stanje na računih pri centralnih in komercialnih bankah (denar v blagajni je izključen) EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 168.346 5.807 - 174.153 366.228 2 492 5.152 - 5.644 1.232 3 35.876 696 - 36.572 33.145 4 5.248 - - 5.248 512 5 103 - - 103 160 6 90 - - 90 135 7 - - - - - 8 - - - - - 1 Slabe naložbe Neklasificirane stranke Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost - - - - - 1.027 - - 1.027 293 211.182 11.655 - 222.837 401.705 6 - - 6 3 211.176 11.654 - 222.831 401.702 Terjatve Skupine in Banke, ki niso slabe, po zapadlosti glede na dneve zamud –stanje na računih pri centralnih in komercialnih bankah (denar v blagajni je izključen) EUR 1.000 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravki vrednosti za izgube Izpostavljenost Popravki vrednosti za izgube 222.837 6 401.705 5 Zapadle terjatve z zamudo do 29 dni - - - - Zapadle terjatve z zamudo od 30 do 59 dni - - - - Dnevi zamude Nezapadle terjatve Zapadle terjatve z zamudo od 60 do 89 dni Skupaj 148 2018 Letno poročilo · UniCredit Bank - - - - 222.837 6 401.705 5 Dolžniški vrednostni papirji po odplačni vrednosti Naslednje tabele analizirajo popravke vrednosti za izgubo Skupine in Banke in knjigovodsko vrednost dolžniških vrednostnih papirjev, merjenih po odplačni vrednosti v skladu z MRS 39 na dan 31. december 2017 in v skladu z MSRP 9 z dne 1. januar 2018 dalje. Bruto knjigovodska vrednost Skupine in Banke – dolžniški vrednostni papirji, merjeni po odplačni vrednosti Podrobna razkritja so izpuščena zaradi nematerialnosti vrednosti. Bruto knjigovodska vrednost Skupine in Banke – dolžniški vrednostni papirji, merjeni po odplačni vrednosti EUR 1.000 Bruto knjigovodska vrednost na dan 31. december 2017 Prevrednotenje predhodnega leta Bruto knjigovodska vrednost na dan 1. januar 2018 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 7.202 - - 7.202 - - - - 7.202 - - 7.202 Spremembe bruto knjigovodske vrednosti Prehod na Skupino 1 - - - - Prehod na Skupino 2 - - - - Prehod na Skupino 3 - - - - Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja - - - - Odpisi - - - - - - - - (7.202) - - (7.202) Novonastala finančna sredstva Finančna sredstva z odpravljenim pripoznanjem Druge spremembe - - - - Bruto knjigovodska vrednost na dan 31. 12. 2018 - - - - Bruto knjigovodska vrednost Skupine in Banke po ocenah in stopnjah notranjega kreditnega tveganja – dolžniški vrednostni papirji, merjeni po odplačni vrednosti EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 - - - - 7.202 2 - - - - - 3 - - - - - 4 - - - - - 5 - - - - - 6 - - - - - 7 - - - - - 8 - - - - - Slabe naložbe - - - - - Neklasificirane stranke - - - - - Skupna bruto knjigovodska vrednost - - - - 7.202 Popravki vrednosti za izgube - - - - - Knjigovodska vrednost - - - - 7.202 Bruto knjigovodska vrednost izpostavljenosti Banke po ocenah in stopnjah notranjega kreditnega tveganja - dolžniški vrednostni papirji, merjeni po odplačni vrednosti Dne 31. 12. 2017 je bila izpostavljenost 7,2 mio EUR v Skupini 1 in v 1. stopnji notranjega kreditnega tveganja, sicer so podrobna razkritja izpuščena zaradi nematerialnosti vrednosti. UniCredit Bank · 2018 Letno poročilo 149 Računovodski izkazi Banke in Skupine Bančna tveganja Dolžniški vrednostni papirji, merjeni po FVTOCI Naslednje tabele analizirajo popravke vrednosti za izgubo in knjigovodsko vrednost dolžniških vrednostnih papirjev Skupine in Banke, merjenih po pošteni vrednosti preko drugega vseobsegajočega donosa FVTOCI, v skladu z MRS 39 na dan 31. december 2017 in v skladu z MSRP 9 z dne 1. januar 2018 dalje. Popravki vrednosti za izgubo Skupine in Banke - dolžniški vrednostni papirji, merjeni po FVTOCI EUR 1.000 Popravki vrednosti za izgubo na dan 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj - - - - Prevrednotenje predhodnega leta 62 - - 62 Popravki vrednosti za izgubo na dan 1. 1. 2018 62 - - 62 - - - - Spremembe popravkov vrednosti za izgubo Prehod na skupino 1 Prehod na skupino 2 - - - Prehod na skupino 3 - - - - Povečanje zaradi spremembe kreditnega tveganja 10 - - 10 Zmanjšanje zaradi spremembe kreditnega tveganja (17) - - (17) - - - - Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja - - - - Novonastala finančna sredstva 16 - - 16 Finančna sredstva z odpravljenim pripoznanjem Odpisi (1) - - (1) Spremembe modelov/kazalnikov tveganja - - - - Devizni in drugi premiki - - - - 70 - - 70 Popravki vrednosti za izgubo na dan 31. 12. 2018 Bruto knjigovodska vrednost Skupine in Banke – dolžniški vrednostni papirji, merjeni po FVTOCI EUR 1.000 Bruto knjigovodska vrednost na dan 31. 12. 2017 Prevrednotenje predhodnega leta Bruto knjigovodska vrednost na dan 1. 1. 2018 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 373.106 - - 373.106 - - - - 373.106 - - 373.106 - - - - Spremembe bruto knjigovodske vrednosti Prehod na skupino 1 Prehod na skupino 2 - - - Prehod na skupino 3 - - - - Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja - - - - Odpisi Novonastala finančna sredstva - - - - 72.578 - - 72.578 (5.548) - - (5.548) Druge spremembe (54.647) - - (54.647) Bruto knjigovodska vrednost na dan 31. 12. 2018 385.488 - - 385.488 Finančna sredstva z odpravljenim pripoznanjem 150 2018 Letno poročilo · UniCredit Bank Bruto knjigovodska vrednost Skupine in Banke po ocenah in stopnjah notranjega kreditnega tveganja – dolžniški vrednostni papirji, merjeni po pošteni vrednosti preko drugega vseobsegajočega donosa FVTOCI EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 327.954 - - 327.954 355.228 2 45.318 - - 45.318 17.877 3 12.216 - - 12.216 - 4 - - - - - 5 - - - - - 6 - - - - - 7 - - - - - 8 - - - - - Slabe naložbe - - - - - Neklasificirane stranke - - - - - 385.488 - - 385.488 373.106 70 - - 70 - 385.418 - - 385.418 373.106 Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost Terjatve Skupine in Banke, ki niso slabe, po zapadlosti glede na dneve zamud – dolžniški vrednostni papirji, merjeni po pošteni vrednosti skozi drugi vseobsegajoči donos FVTOCI EUR 1.000 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravki vrednosti za izgube Izpostavljenost Popravki vrednosti za izgube 385.488 70 373.106 62 Zapadle terjatve z zamudo do 29 dni - - - - Zapadle terjatve z zamudo od 30 do 59 dni - - - - Zapadle terjatve z zamudo od 60 do 89 dni - - - - 385.488 70 373.106 62 Dnevi zamude Nezapadle terjatve Skupaj UniCredit Bank · 2018 Letno poročilo 151 Računovodski izkazi Banke in Skupine Bančna tveganja Krediti bankam po odplačni vrednosti Naslednje tabele analizirajo popravke vrednosti za izgubo Skupine in Banke in knjigovodsko vrednost posojil bankam, merjenih po odplačni vrednosti v skladu z MRS 39 na dan 31. december 2017 in v skladu z MSRP 9 z dne 1. januar 2018 dalje. Popravki vrednosti za izgubo Skupine in Banke – posojila bankam, merjena po odplačni vrednosti Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Popravki vrednosti za izgubo na dan 31. 12. 2017 - - - - Prevrednotenje predhodnega leta 2 - 43 45 Popravki vrednosti za izgubo na dan 1. 1. 2018 2 - 43 45 - - - - EUR 1.000 Skupina 3 vseživljenjski ECL Skupaj Spremembe popravkov vrednosti za izgubo Prehod na skupino 1 Prehod na skupino 2 - - - - Prehod na skupino 3 - - - 1 Povečanje zaradi spremembe kreditnega tveganja 1 - - Zmanjšanje zaradi spremembe kreditnega tveganja - - - - Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja - - - - Odpisi Novonastala finančna sredstva Finančna sredstva z odpravljenim pripoznanjem Spremembe modelov/kazalnikov tveganja Devizni in drugi premiki Popravki vrednosti za izgubo na dan 31. 12. 2018 - - - - 8 - - 8 (1) - (43) (44) - - - - - - - - 10 - - 10 Bruto knjigovodska vrednost Skupin in Banke - posojila bankam, ocenjena po odplačni vrednosti Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 41.304 49 43 41.397 - - - - 41.304 49 43 41.397 Prehod na skupino 1 47 (47) - - Prehod na skupino 2 (1) 1 (1) - Prehod na skupino 3 - - - - EUR 1.000 Bruto knjigovodska vrednost na dan 31. 12. 2017 Prevrednotenje predhodnega leta Bruto knjigovodska vrednost na dan 1. 1. 2018 Spremembe bruto knjigovodske vrednosti Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja - - - Odpisi - - - - 18.259 2 - 18.261 (23.965) (2) (43) (24.010) 2.901 - - 2.901 38.545 4 - 38.549 Novonastala finančna sredstva Finančna sredstva z odpravljenim pripoznanjem Druge spremembe Bruto knjigovodska vrednost na dan 31. 12. 2018 152 2018 Letno poročilo · UniCredit Bank Bruto knjigovodska vrednost Skupine in Banke po ocenah in stopnjah notranjega kreditnega tveganja – posojila bankam, ocenjena po odplačni vrednosti EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 1 - - 1 7 2 15.611 - - 15.611 (1.079) 3 21.853 1 - 21.854 40.155 4 - - - - 1.694 5 - 3 - 3 1 6 - - - - - 7 - - - - - 8 - - - - - Slabe naložbe Neklasificirane stranke Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost - - - - 43 1.081 - - 1.081 576 38.545 4 - 38.549 41.397 10 - - 10 - 38.536 4 - 38.540 41.397 Terjatve Skupine in Banke, ki niso slabe, po zapadlosti glede na dneve zamud – posojila bankam, ocenjena po odplačni vrednosti EUR 1.000 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravki vrednosti za izgube Izpostavljenost Popravki vrednosti za izgube 38.549 10 40.945 2 Zapadle terjatve z zamudo do 29 dni - - 408 - Zapadle terjatve z zamudo od 30 do 59 dni - - - - Dnevi zamude Nezapadle terjatve Zapadle terjatve z zamudo od 60 do 89 dni Skupaj - - - - 38.549 10 41.353 2 UniCredit Bank · 2018 Letno poročilo 153 Računovodski izkazi Banke in Skupine Bančna tveganja Krediti strankam po odplačni vrednosti Naslednje tabele analizirajo popravke vrednosti za izgubo Skupine in Banke in knjigovodsko vrednost posojil strankam, merjenih po odplačni vrednosti v skladu z MRS 39 na dan 31. december 2017 in v skladu z MSRP 9 z dne 1. januar 2018 dalje. Popravki vrednosti za izgubo Skupine – krediti strankam po odplačni vrednosti Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Popravki vrednosti za izgubo na dan 31. 12. 2017 4.243 2.528 75.803 82.574 Prevrednotenje predhodnega leta (845) 2.509 (954) 710 Popravki vrednosti za izgubo na dan 1. 1. 2018 3.398 5.037 74.849 83.283 Prehod na skupino 1 418 (288) (129) - Prehod na skupino 2 (233) 666 (433) - Prehod na skupino 3 (61) (326) 387 - Povečanje zaradi spremembe kreditnega tveganja 754 991 9.699 11.445 (2.801) (1.735) (5.994) (10.531) - (25) (40) (66) (56) (9) (7.924) (7.989) EUR 1.000 Spremembe popravkov vrednosti za izgubo Zmanjšanje zaradi spremembe kreditnega tveganja Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja Odpisi Novonastala finančna sredstva 1.810 674 2.936 5.420 Finančna sredstva z odpravljenim pripoznanjem (164) (1.162) (8.074) (9.401) Spremembe modelov/kazalnikov tveganja 1.524 1.247 16 2.787 1 63 203 267 4.589 5.132 65.495 75.216 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 1.354.017 453.725 128.728 1.936.470 Devizni in drugi premiki Popravki vrednosti za izgubo na dan 31. 12. 2018 Bruto knjigovodska vrednost Skupine – posojila strankam, ocenjena po odplačni vrednosti EUR 1.000 Bruto knjigovodska vrednost na dan 31. 12. 2017 Prevrednotenje predhodnega leta Bruto knjigovodska vrednost na dan 1. 1. 2018 - - - - 1.354.017 453.725 128.728 1.936.470 Spremembe bruto knjigovodske vrednosti Prehod na skupino 1 25.438 (24.764) (674) - Prehod na skupino 2 (43.561) 51.693 (8.132) - Prehod na skupino 3 (8.846) (8.126) 16.971 - - (25) (40) (66) Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja Odpisi Novonastala finančna sredstva Finančna sredstva z odpravljenim pripoznanjem (56) (9) (7.924) (7.989) 432.737 27.189 3.685 463.611 (160.967) (109.873) (37.292) (13.803) Druge spremembe (122.666) (49.383) (14.962) (187.010) Bruto knjigovodska vrednost na dan 31. 12. 2018 1.527.191 413.007 103.850 2.044.048 154 2018 Letno poročilo · UniCredit Bank Bruto knjigovodska vrednost Banke po stopnjah in skupinah ocen notranjega kreditnega tveganja - posojila strankam, ocenjena po odplačni vrednosti EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 187.941 36.886 - 224.827 274.871 2 235.260 32.637 - 267.897 222.806 3 294.917 45.835 - 340.752 293.164 4 459.230 143.172 - 602.402 506.716 5 210.107 70.454 - 280.562 270.428 6 108.620 32.912 - 141.532 145.643 7 17.099 17.188 - 34.287 42.080 8 1.826 29.361 - 31.188 34.795 Slabe naložbe Neklasificirane stranke Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost - - 103.850 103.850 128.739 12.190 4.561 - 16.752 17.229 1.527.191 413.007 103.850 2.044.048 1.936.470 4.589 5.132 65.491 75.216 82.470 1.522.602 407.875 38.355 1.968.832 1.853.999 Terjatve Skupine, ki niso slabe, po zapadlosti glede na dneve zamud – krediti strankam po odplačni vrednosti EUR 1.000 Dnevi zamude Nezapadle terjatve Zapadle terjatve z zamudo do 29 dni 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravki vrednosti za izgube Izpostavljenost Popravki vrednosti za izgube 1.921.647 8.327 1.698.100 7.810 362 24.059 872 107.940 Zapadle terjatve z zamudo od 30 do 59 dni 2.942 481 993 85 Zapadle terjatve z zamudo od 60 do 89 dni 432 41 672 177 1.940.079 9.721 1.807.705 8.435 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 3.231 2.398 58.160 63.789 Skupaj Popravki vrednosti za izgubo Banke – krediti strankam po odplačni vrednosti EUR 1.000 Popravki vrednosti za izgubo na dan 31. 12. 2017 153 2.435 (465) 2.124 3.384 4.833 57.696 65.912 Prehod na skupino 1 278 (212) (66) - Prehod na skupino 2 (148) 556 (408) - Prehod na skupino 3 (48) (245) 292 - Povečanje zaradi spremembe kreditnega tveganja 648 847 9.360 10.854 (2.152) (1.565) (3.667) (7.383) - (25) (40) (66) (54) (9) (7.680) (7.743) Prevrednotenje predhodnega leta Popravki vrednosti za izgubo na dan 1. 1. 2018 Spremembe popravkov vrednosti za izgubo Zmanjšanje zaradi spremembe kreditnega tveganja Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja Odpisi Novonastala finančna sredstva 1.147 303 2.903 4.353 Finančna sredstva z odpravljenim pripoznanjem (165) (1.162) (8.074) (9.401) 932 1.087 4 2.023 1 63 193 257 3.823 4.470 50.512 58.806 Spremembe modelov/kazalnikov tveganja Devizni in drugi premiki Popravki vrednosti za izgubo na dan 31. 12. 2018 UniCredit Bank · 2018 Letno poročilo 155 Računovodski izkazi Banke in Skupine Bančna tveganja Bruto knjigovodska vrednost banke – posojila strankam, ocenjena po odplačni vrednosti EUR 1.000 Bruto knjigovodska vrednost na dan 31. 12. 2017 Prevrednotenje predhodnega leta Bruto knjigovodska vrednost na dan 1. 1. 2018 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj 1.329.118 443.826 99.179 1.872.123 - - - - 1.329.118 443.826 99.179 1.872.123 Spremembe bruto knjigovodske vrednosti Prehod na skupino 1 21.275 (20.808) (467) - Prehod na skupino 2 (29.244) 37.303 (8.059) - Prehod na skupino 3 (6.853) (6.339) 13.192 - - (25) (40) (66) Spremembe zaradi sprememb, ki niso povzročile odprave pripoznanja Odpisi Novonastala finančna sredstva Finančna sredstva z odpravljenim pripoznanjem Druge spremembe Bruto knjigovodska vrednost na dan 31. 12. 2018 (54) (9) (7.680) (7.743) 348.845 23.311 3.509 375.665 (109.981) (37.292) (13.803) (161.076) (40.086) (44.202) (9.783) (94.071) 1.513.021 395.765 76.048 1.984.834 Bruto knjigovodska vrednost Banke po stopnjah in skupinah ocen notranjega kreditnega tveganja – posojila strankam, ocenjena po odplačni vrednosti EUR 1.000 31. 12. 2018 31. 12. 2017 Skupina 1 12-mesečni ECL Skupina 2 vseživljenjski ECL Skupina 3 vseživljenjski ECL Skupaj Skupaj 1 187.941 36.886 - 224.827 274.871 2 234.121 32.625 - 266.746 221.408 3 292.817 45.835 - 338.652 292.636 4 398.706 140.558 - 539.265 452.992 5 309.980 63.484 - 373.465 348.575 6 68.512 26.582 - 95.093 100.034 7 9.116 16.478 - 25.593 31.612 8 1.826 28.781 - 30.608 33.666 - - 76.047 76.047 99.189 10.001 4.537 - 14.538 17.142 1.513.021 395.765 76.048 1.984.834 1.872.123 3.823 4.470 50.512 58.806 63.788 1.509.197 391.294 25.536 1.926.027 1.808.335 Slabe naložbe Neklasificirane stranke Skupna bruto knjigovodska vrednost Popravki vrednosti za izgube Knjigovodska vrednost Terjatve Banke, ki niso slabe, po zapadlosti glede na dneve zamud – krediti strankam po odplačni vrednosti EUR 1.000 Dnevi zamude Nezapadle terjatve Zapadle terjatve z zamudo do 29 dni Zapadle terjatve z zamudo od 30 do 59 dni Zapadle terjatve z zamudo od 60 do 89 dni Skupaj 156 2018 Letno poročilo · UniCredit Bank 31. 12. 2018 1. 1. 2018 Izpostavljenost Popravki vrednosti za izgube Izpostavljenost Popravki vrednosti za izgube 1.902.905 8.076 1.676.409 7.942 5.330 178 95.773 94 469 34 250 33 83 5 475 148 1.908.787 8.294 1.772.909 8.217 Učinek sprememb pogodbenih denarnih tokov Skupine in Banke na kredite strankam po odplačni vrednosti EUR 1.000 Finančna sredstva (s popravkom vrednosti za izgubo na podlagi vseživljenjskega ECL), ki so bila v tem obdobju spremenjena 31. 12. 2018 31. 12. 2017 Bruto knjigovodska vrednost pred spremembo 1,251 - Popravki vrednosti za izgubo pred spremembo (98) - 1,153 - Čista amortizirana vrednost pred spremembo Neto dobiček/izguba pri spremembi (+/-) Neto amortizirana vrednost po spremembi (66) - 1,087 - 31. 12. 2018 31. 12. 2017 60 - EUR 1.000 Finančna sredstva, spremenjena po začetnem pripoznanju v času, ko je bil popravek vrednosti za izgubo baziran na vseživljenjskem ECL Bruto knjigovodska vrednost finančnih sredstev, za katere so se popravki vrednosti za izgubo spremenili v obdobju od vseživljenjskega do 12-mesečnega ECL po spremembi Kreditno tveganje nasprotne stranke Kreditno tveganje nasprotne stranke je tveganje, da bo nasprotna stranka pri finančnem instrumentu postala neplačnik pred končno poravnavo denarnih tokov iz tega instrumenta. Nanaša se na izvedene finančne instrumente, posle začasne prodaje oziroma odkupa, posojanja oziroma izposoje vrednostnih papirjev ali blaga, posle kreditiranja za povečanje trgovalnega portfelja in posle z dolgim rokom poravnave. Za upravljanje s kreditnim tveganjem nasprotne stranke pri izvedenih finančnih instrumentih UniCredit Banka Slovenija d.d. uporablja interni model, ki je v uporabi v matični skupini UniCredit. Interni model je skladen z zahtevami CRR direktive za merjenje kreditnega tveganja nasprotne stranke, saj omogoča izračun izpostavljenosti do nasprotne stranke v normalnih in stresnih razmerah ter izračun prilagoditve poštene vrednosti izvedenih finančnih instrumentov zaradi kreditnega tveganja nasprotne stranke (CVA) in lastnega kreditnega tveganja (DVA). Primernost internega modela se redno preverja s testiranjem natančnosti preteklih modelskih napovedi (backtesting). Izpostavljenost do posamezne nasprotne stranke ocenjujemo s pomočjo simulacije razvoja vrednosti izvedenih finančnih instrumentov sklenjenih s stranko, ki temelji na Monte Carlo metodi. Simulacije so izračunane za vse vrste izvedenih finančnih instrumentov, torej terminske pogodbe, valutne opcije, obrestne zamenjave, strukturirane produkte in blagovne izvedene instrumente. Ocene potencialnih prihodnjih vrednosti izvedenih finančnih instrumentov izračunamo na podlagi scenarijev, zasnovanih na triletni časovni vrsti volatilnosti, korelacijah faktorjev tveganja in bodočih denarnih tokov ob upoštevanju stresnih faktorjev. Prihodnjo vrednost portfelja izvedenih finančnih instrumentov predstavlja 95 percentil ocenjenih potencialnih vrednosti. Kreditno tveganje nasprotne stranke za Skupino glede na boniteto strank za izvedene finančne instrumente EUR 1.000 Bonitetni razred Banka Skupina 31. 12. 2018 31. 12. 2017 31. 12. 2018 31. 12. 2017 1 6.634 7.458 6.634 7.458 2 7.466 3.060 7.466 3.060 3 5.019 17.349 5.019 17.349 4 670 1.159 670 1.159 5 824 782 824 782 6 31 731 31 731 7 565 740 565 740 8 232 - 232 - Slabe naložbe Nerazvrščene stranke Skupaj - 258 - 258 171 - 171 - 21.612 31.536 21.612 31.536 Opomba: Zaradi zaokroževanja se vsote včasih ne ujemajo. UniCredit Bank · 2018 Letno poročilo 157 Računovodski izkazi Banke in Skupine Bančna tveganja Tržna tveganja Skupina je pri svojem poslovanju izpostavljena tržnim tveganjem. Gre za tveganje, da poštena vrednost ali prihodnji denarni tokovi finančnega instrumenta nihajo zaradi sprememb tržnih cen. Tržna tveganja nastanejo v primeru odprtih pozicij iz naslova obrestne izpostavljenosti, iz naslova tujih valut, iz naslova kreditnega razpona, iz naslova blaga in iz naslova lastniških vrednostnih papirjev. Vse navedeno je izpostavljeno splošnim in posebnim tržnim gibanjem ter spremembam zaradi nestanovitnosti tržnih tečajev ali cen, kot so obrestne mere, kreditni razponi, menjalni tečaji, cene blaga in cene lastniških finančnih instrumentov. Izpostavljenost Skupine tržnim tveganjem EUR 1.000 Sredstva Denar v blagajni in stanje na računih pri centralni banki Finančna sredstva, namenjena trgovanju Finančna sredstva, razpoložljiva za prodajo Izvedeni finančni instrumenti, namenjeni varovanju Krediti 31. 12. 2018 31. 12. 2017 238.422 412.560 8.620 6.932 408.363 397.142 10.704 11.334 1.963.661 1.898.469 Finančna sredstva v posesti do zapadlosti - 7.202 Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb - - 2.629.770 2.733.639 - - Skupaj Obveznosti Finančne obveznosti do centralne banke Finančne obveznosti, namenjene trgovanju Izvedeni finančni instrumenti, namenjeni varovanju Finančne obveznosti, merjene po odplačni vrednosti Rezervacije Skupaj 9.216 7.075 23.122 19.256 2.372.587 2.419.270 20.536 14.484 2.425.461 2.460.085 31. 12. 2018 31. 12. 2017 238.422 412.560 8.620 6.932 408.363 397.142 Izpostavljenost Banke tržnim tveganjem EUR 1.000 Sredstva Denar v blagajni in stanje na računih pri centralni banki Finančna sredstva, namenjena trgovanju Finančna sredstva, razpoložljiva za prodajo Izvedeni finančni instrumenti, namenjeni varovanju 10.704 11.334 1.964.631 1.852.776 Finančna sredstva v posesti do zapadlosti - 7.202 Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb 1 1 2.630.741 2.687.947 - - Krediti Skupaj Obveznosti Finančne obveznosti do centralne banke Finančne obveznosti, namenjene trgovanju Izvedeni finančni instrumenti, namenjeni varovanju Finančne obveznosti, merjene po odplačni vrednosti Rezervacije Skupaj 158 2018 Letno poročilo · UniCredit Bank 9.216 7.075 23.122 19.256 2.341.903 2.383.064 20.517 14.484 2.394.758 2.423.879 Metode obvladovanja tržnih tveganj Obvladovanje tržnih tveganj vključuje vse dejavnosti, povezane s posli zakladništva in upravljanja strukture bilance Skupine. Pozicije tveganja se ugotavljajo vsaj enkrat dnevno in analizirajo s strani neodvisne enote za obvladovanje tveganj, ki jih primerja tudi z odobrenimi limiti, določenimi s strani ALCO odbora. Skupina uporablja instrumente varovanja denarnih tokov in poštene vrednosti za upravljanje s tveganji obrestnih mer v skladu z MSRP. Obvladovanje tveganj v Skupini vključuje naslednje aktivnosti: stalno poročanje o poziciji tveganja, postavljanje limitov in nadzor porabe limitov ter dnevno predstavitev rezultatov poslovanja zakladništva. ALCO odbor vsaj enkrat letno določi limite za tržna tveganja Skupine, Banke in Leasinga v tesnem sodelovanju z ustreznimi enotami UniCredit Spa, Milano. Celoten sklop pravil za poslovanje zakladništva in upravljanje tržnih tveganj je določen v Pravilniku za finančne trge in je razdeljen na tri dele (splošni del, posebni del in del, ki velja za Skupino). Limiti so razvrščeni v dve skupini: • splošni limiti za tržna tveganja: Ti so namenjeni omejitvi potrebnega notranjega kapitala za pokrivanje tržnih tveganj in za omejitev sprejemljive trgovalne izgube. Limiti so določeni v skladu s planiranim dobičkom in z zmožnostjo sprejemanja tveganj. Med splošne limite za tržna tveganja Skupina uvršča: • limit največje dovoljene izgube, ki je opredeljen kot 60-dnevni kumulativni seštevek ekonomskega poslovnega izida trgovalne enote; • meje, ki so definirane za testiranja izjemnih situacij in predstavljajo potencialno izgubo portfelja, so izračunane za posamezni scenarij; • tvegano vrednost (VaR), ki predstavlja potencialno izgubo premoženja v določenem obdobju, izračunano z določeno stopnjo zaupanja. • specifični limiti za tržna tveganja: So neodvisni od splošnih limitov, vendar delujejo v povezavi z njimi. Skupina jih uporablja za učinkovitejši nadzor nad posameznimi vrstami tveganj in predstavljajo mero občutljivosti tržne vrednosti finančnega instrumenta zaradi sprememb specifičnih dejavnikov tveganja. Izpostavljenost tržnim tveganjem lahko spreminjajo le tisti, ki so pooblaščeni za prevzemanje in spreminjanje pozicij. Limite v Skupini spremlja enota za tržna tveganja. Ob vsakokratni prekoračitvi limita se nemudoma sproži proces spremljanja, obveščanja in ukrepanja, na način kot je določeno v pravilniku. V procesu se določijo najprimernejši ukrepi za ponovno vzpostavitev izpostavljenosti v okviru limita. O kršitvah limitov se redno poroča na sejah ALCO odbora. Skupina uporablja standardizirani pristop za izračun kapitalske zahteve za tržna tveganja. Interno se za merjenje izpostavljenosti tržnim tveganjem uporablja metodologija matične skupine UniCredit, ki temelji na tvegani vrednosti (VaR). VaR predstavlja največjo pričakovano izgubo premoženja v določenem časovnem obdobju, izračunano z določeno stopnjo zaupanja. Za namene internega merjenja izpostavljenosti tržnim tveganjem Skupina uporablja IMOD model, ki so ga razvili v matični skupini UniCredit. Slednja skrbi tako za dnevne izračune tvegane vrednosti kot tudi za redna testiranja modela za nazaj (angl. back testing), redno vključitev novih produktov ter za prilagajanje modela splošnim tržnim razmeram in zakonskim zahtevam (npr. direktiva 2013/36/EU (CRD IV): preseženo tveganje kapitalske zahteve (IRC), celotna mera tveganja (CRM), specifična za portfelj s korelacijo trgovanja (CTP), tvegana vrednost za izjemne situacije (sVaR)). Model tvegane vrednosti, ki ga Skupina uporablja za interno merjenje izpostavljenosti tržnim tveganjem, temelji na metodi historične simulacije, ki tržno tveganje meri na podlagi preteklih podatkov (500 dni) in je izračunana ob predpostavki enodnevnega obdobja posedovanja z 99-odstotno stopnjo zaupanja. Poleg tvegane vrednosti (VaR) Skupina dnevno spremlja izpostavljenost obrestnim tveganjem po metodologiji obrestnih razmikov in izpostavljenost Skupine spremembam v kreditni premiji (DVP) za izdajatelje dolžniških vrednostnih papirjev, ki jih Skupina poseduje v svojem portfelju. Za obvladovanje tržnih tveganj Skupina uporablja limite, povezane z metodologijo obrestnih razmikov po posameznih valutah in časovnih žepkih (limiti za vsoto bazičnih točk po posameznih valutah in časovnih žepkih ter limiti za vsoto vrednosti absolutnih točk) ter limite za učinke spremembe kreditne premije. Model za obvladovanje ter merjenje izpostavljenosti tržnim tveganjem (IMOD) na osnovi agregiranih podatkov dnevno zagotavlja najpomembnejše parametre tržnih tveganj za poslovanje zakladništva. Za merjenje in spremljanje tržnih tveganj so v Skupini prav tako pomembni sistem limitov za posamezne pozicije in analiza stresnih scenarijev. Rezultati spremljanja limitov in analiz stresnih scenarijev se redno poročajo ter obravnavajo na sejah ALCO odbora. Stresni scenariji temeljijo na predpostavkah ekstremnih premikov posameznih parametrov tržnih tveganj. Skupina analizira učinke analiz občutljivosti ter stresnih scenarijev na rezultate poslovanja Skupine in neto ekonomsko vrednost Skupine. Predpostavke analiz občutljivosti in stresnih scenarijev so odvisne od valute in likvidnosti. Rezultati stresnih scenarijev se upoštevajo pri določanju in revidiranju limitov. Dodatni elementi sistema limitov so limiti največje dovoljene izgube. Limit največje dovoljene izgube je definiran kot 60-dnevni kumulativni seštevek ekonomskega poslovnega izida trgovalne enote. Spremljanje trendov pri dobičkih/izgubah je namenjeno predvsem zgodnjemu odkrivanju morebitnih akumuliranih izgub iz določenih pozicij. Poslovni izid zakladništva se dnevno izračunava, primerja z načrtovanimi poslovnimi rezultati in poroča vodstvu Banke. Poročanje poslovnega izida vključuje sestavine, ki se odražajo v neto prihodkih po MSRP in vrednotenju vseh pozicij po tržni vrednosti, ne glede na njihovo prepoznavanje v finančnih izkazih po MSRP (“celotni prihodki”). UniCredit Bank · 2018 Letno poročilo 159 Računovodski izkazi Banke in Skupine Bančna tveganja Z namenom preverjanja, ali so sklenjeni posli enote zakladništva skladni s trgom, Skupina uporablja sistem MARCONIS, ki so ga razvili v matični skupini UniCredit. Sistem MARCONIS v celoti in sistematično pregleduje tržno usklajenost vsake posamezne transakcije zakladništva. V letu 2017 ni bilo sklenjenih poslov, ki bi bili končno ocenjeni kot neskladni s trgom. V letu 2012 je bil v sistem MARCONIS vključen modul, ki se uporablja za preverjanje transparentnosti cen (določitev minimalnih marž in maksimalnih stroškov varovanja za enoto zakladniških produktov za stranke). Obrestno tveganje, tveganje iz naslova trgovanja z lastniškimi vrednostnimi papirji, valutno tveganje in tveganje kreditnega razpona Rezultati internega modela, ki temelji na tvegani vrednosti (VaR) ob predpostavki enodnevnega obdobja posesti in 99-odstotni stopnji zaupanja, so za leto 2018 na nižji ravni v primerjavi z letom poprej. Spodnja tabela prikazuje tako tvegano vrednost (skupni VaR), izračunano z upoštevanjem celotne izpostavljenosti Skupine/Banke, kot tudi posamezne komponente tvegane vrednosti (VaR), ki izhajajo iz izpostavljenosti Skupine/Banke obrestnemu tveganju (IR VaR), kreditnemu tveganju dolžniških vrednostnih papirjev (Spread VaR), valutnemu tveganju (FX VaR) in tveganju lastniških finančnih instrumentov (EQ VaR). Tvegana vrednost za Skupino v letu 2018 in 2017 Tvegana vrednost 2018 EUR 1.000 Tvegana vrednost 2017 Minimum Maksimum Povprečje Minimum Maksimum Povprečje IR VaR 209 1.464 349 130 1.405 338 Spread VaR 733 1.573 938 1.465 3.831 2.303 1 43 4 1 63 7 FX VaR EQ VaR Skupni VaR - 20 - - - - 555 1.671 879 1.585 4.885 2.327 Tvegana vrednost za Banko v letu 2018 in 2017 Tvegana vrednost 2018 EUR 1.000 Tvegana vrednost 2017 Minimum Maksimum Povprečje Minimum Maksimum IR VaR 196 1.461 344 131 1.408 340 Spread VaR 733 1.573 938 1.465 3.831 2.303 FX VaR 1 43 4 1 66 7 EQ VaR - 20 - - - - 566 1.652 882 1.569 3.860 2.323 Skupni VaR Povprečje Banka za namene internega upravljanja s tržnimi tveganji dodatno spremlja tvegano vrednost, izračunano ločeno za trgovalno in bančno knjigo. V letu 2018 je povprečna tvegana vrednost, izračunana na osnovi pozicij, ki so namenjene trgovanju, znašala 118.000 evrov, povprečna tvegana vrednost, izračunana za pozicije v bančni knjigi, pa 882.000 evrov (879.000 na ravni Skupine). V okviru upravljanja obrestnega tveganja se Skupina izpostavlja predvsem tveganju v evrih, ameriških dolarjih in švicarskih frankih. Izpostavljenosti v omenjenih valutah so predstavljene v spodnji tabeli in vključujejo tako postavke trgovalne kot tudi bančne knjige. Obrestno tveganje Skupine v ostalih valutah je minimalno. Učinki premika obrestne krivulje v Skupini za eno bazično točko v letu 2018 EUR 31. 12. 2018 Letni max, min, povprečje Do 3 mesece 3 mesece do 1 leta 1 do 3 let 3 do 10 let Nad 10 let CHF 903 (8.402) (3.945) (1.657) EUR (11.184) (16.712) (29.756) USD (6) 75 55 (10.330) (25.050) (33.647) Valuta Skupaj 160 2018 Letno poročilo · UniCredit Bank Skupaj Letni maksimum Letni minimum Absolutno povprečje 1.491 (11.610) (7.195) (16.047) 9.768 (24.091) (17.552) (99.295) 91.446 (114.243) 93.735 - - 124 186 (26) 80 (25.748) (16.062) (110.837) 83.180 (123.845) 103.458 Učinki premika obrestne krivulje v Skupini za eno bazično točko v letu 2017 EUR 31. 12. 2017 Do 3 mesece 3 mesece do 1 leta CHF 1.301 (7.812) (5.799) EUR (10.808) (9.187) (14.040) USD (60) 73 65 (9.575) (16.928) (19.774) Valuta Skupaj 1 do 3 let Letni max, min, povprečje 3 do 10 let Letni maksimum Letni minimum Absolutno povprečje Nad 10 let Skupaj (2.536) (757) (15.603) (1.434) (15.604) 4.674 (10.980) (17.720) (62.735) 89.289 (75.955) 49.921 (10) - 68 172 (163) 47 (13.526) (18.476) (78.279) 85.563 (90.875) 45.228 Nad 10 let Skupaj Letni maksimum Učinki premika obrestne krivulje v Banki za eno bazično točko v letu 2018 EUR Valuta 31. 12. 2018 Do 3 mesece 3 mesece do 1 leta 1 do 3 let Letni max, min, povprečje 3 do 10 let Letni minimum Absolutno povprečje CHF 903 (8.402) (3.945) (1.657) 1.491 (11.610) (7.195) (16.047) 9.768 EUR (9.962) (15.601) (28.238) (23.389) (17.535) (94.725) 94.358 (110.374) 91.537 USD (6) 75 55 - - 124 186 (26) 80 (9.109) (23.939) (32.128) (25.046) (16.045) (106.267) 86.092 (119.975) 101.259 Nad 10 let Skupaj Letni maksimum Letni minimum Skupaj Učinki premika obrestne krivulje v Banki za eno bazično točko v letu 2017 EUR 31. 12. 2017 Do 3 mesece 3 mesece do 1 leta CHF 1.301 EUR (11.712) USD Valuta Skupaj Letni max, min, povprečje Absolutno povprečje 1 do 3 let 3 do 10 let (7.812) (5.799) (2.536) (757) (15.603) (1.450) (15.604) 4.680 (9.644) (11.325) (9.876) (17.704) (60.261) 88.390 (71.695) 50.715 (60) 73 65 (10) - 68 172 (163) 47 (10.480) (17.385) (17.060) (12.423) (18.460) (75.808) 84.660 (86.616) 46.015 Sprememba skupnega učinka premika obrestne krivulje med letoma 2018 in 2017 je posledica vključitve učinka obrestne občutljivosti opcij (obrestno dno oz. floor), ki omejujejo obrestno mero pri posojilih in depozitih s spremenljivo obrestno mero decembra 2017. Obenem je bil v obrestno pozicijo vključen učinek obrestne občutljivosti zaradi tveganja obrestnih osnov (basis risk) pri posojilih in depozitih s spremenljivo obrestno mero. Razmerje med obrestnim tveganjem v bančni knjigi in kapitalom Banke je vzpostavljeno v okviru Direktive CRD IV in Uredbe CRR in od Banke zahteva primerjavo spremembe v tržni vrednosti bančne knjige kot posledice premika obrestne krivulje za dve odstotni točki s kapitalom Skupine. V primeru, da omenjena sprememba obrestnih mer absorbira več kot 20 odstotkov kapitala Skupine, lahko nadzorna institucija od Banke zahteva sprejem ukrepov za omejitev tveganja. Rezultati testiranja stresnega scenarija so pokazali, da bi nenaden vzporedni premik obrestnih mer navzgor za 2 odstotni točki ob koncu leta 2018 absorbiral približno 2,1 % kapitala Skupine (2,1 % kapitala Banke), kar je občutno pod mejno vrednostjo 20 odstotkov. Trenutna investicija lastniškega kapitala je pri testiranju upoštevana kot odprta izpostavljenost tveganju. Skupina izračunava in spremlja poleg v okviru Direktive CRD IV in Uredbe CRR zahtevane mere tudi občutljivost neto obrestnih prihodkov na spremembe v obrestnem tveganju v bančni knjigi. Po metodologiji matične skupine UniCredit se učinek občutljivosti neto obrestnih prihodkov na šoke v spremembi obrestnih mer meri na obrestne pozicije do enega leta, ki izhajajo iz poslovanja Skupine in strateških investicijskih odločitev Skupine (bančna knjiga). Na dan 31. december 2018 je izračunani učinek obrestnega šoka +100 bazičnih točk znašal 2.042.707 evrov in -1.966.616 evrov v primeru vzporednega premika obrestne krivulje za -100 bazičnih točk. Poleg zgoraj omenjenih analiz občutljivosti na obrestno tveganje se dodatno izračunava in spremlja učinke občutljivosti ekonomske vrednosti Skupine na različne potencialne šoke v obrestnih merah za celotno obrestno pozicijo Skupine v vseh pomembnejših valutah. Pomembnejši scenariji sprememb obrestnih mer, ki so ocenjevani mesečno, so naslednji: • vzporedni premik obrestne krivulje +/- 200 in +/-100 bazičnih točk. • spremembe v naklonu krivulje obrestnih mer so analizirane z različnim premikom na kratkoročnem delu krivulje in nasprotnim premikom na UniCredit Bank · 2018 Letno poročilo 161 Računovodski izkazi Banke in Skupine Bančna tveganja dolgoročnem delu krivulje obrestnih mer. Tako se v prvem primeru analizira učinek porasta kratkoročnih obrestnih mer in hkratnega padca dolgoročnih obrestnih mer (primer 1 v spodnji tabeli) ter v drugem primeru učinek padca kratkoročnih obrestnih mer in hkratnega porasta dolgoročnih obrestnih mer (primer 2 v spodnji tabeli). Ob koncu leta 2018 obrestna občutljivost v EUR ostaja glavni dejavnik tveganja. Rezultati pozitivnih in negativnih vzporednih premikov so predvsem posledica vključitve obrestnega dna v obrestno pozicijo decembra 2017. V primeru negativnega obrestnega šoka se vrednost obrestnega dna poveča, zaradi česar je rezultat za EUR obrestno krivuljo pozitiven. V primeru pozitivnega obrestnega šoka,pa je vpliv obrestnega dna omejen, zaradi česar je rezultat za EUR obrestno krivuljo negativen. Analiza občutljivosti neto ekonomske vrednosti na obrestno tveganje Rezultati stresnih scenarijev (EUR) 31. 12. 2018 Faktor tveganja Scenarij EUR Rezultati stresnih scenarijev (EUR) 31. 12. 2017 CHF USD EUR CHF USD vzporedni premik -200b.t. 32.131.813 5.588.633 (29.110) 36.641.792 (315.139) (25) vzporedni premik +200b.t. (4.860.126) (1.528.595) 28.460 (2.141.102) 314.192 25 vzporedni premik -100b.t. 12.650.583 1.663.455 (14.472) 12.613.496 (157.450) (12) vzporedni premik +100b.t. (4.093.608) (902.289) 14.310 (2.373.756) 157.213 12 premik Primer 1 5.120.220 - - 6.180.652 - - premik Primer 2 5.621.506 - - 6.261.895 - - Analiza občutljivosti neto ekonomske vrednosti na obrestno tveganje Rezultati stresnih scenarijev (EUR) 31. 12. 2018 Faktor tveganja Scenarij EUR Rezultati stresnih scenarijev (EUR) 31. 12. 2017 CHF USD EUR CHF USD vzporedni premik -200b.t. 30.629.438 5.588.624 (29.110) 34.806.767 (315.139) (25) vzporedni premik +200b.t. (4.023.109) (1.528.586) 28.460 (1.386.136) 314.192 25 vzporedni premik -100b.t. 12.183.049 1.663.451 (14.472) 12.050.910 (157.450) (12) vzporedni premik +100b.t. (3.666.539) (902.285) 14.310 (1.977.252) 157.213 12 premik Primer 1 5.187.516 - - 6.130.636 - - premik Primer 2 5.499.807 - - 6.198.033 - - Portfelj dolžniških vrednostnih papirjev Skupine združuje predvsem obveznice prvorazrednih izdajateljev, ki so uvrščene v kategorijo finančnih sredstev, merjenih po pošteni vrednosti prek drugega vseobsegajočega donosa ali kategorijo finančnih sredstev, merjenih po odplačni vrednosti. UniCredit Leasing d.o.o. v svoji bilanci nima portfelja dolžniških vrednostnih papirjev. Na dan 31. december 2018 predstavljajo 84 % portfelja obveznic Banke obveznice, katerih izdajatelj je Republika Slovenija. Skupina redno spremlja položaj na finančnih trgih in ocenjuje kreditno kvaliteto izdajateljev. Poleg portfelja dolžniških vrednostnih papirjev ustvarjajo izpostavljenosti kreditnemu tveganju DVP tudi pozicije, ki izhajajo iz trgovanja s terminskimi pogodbami na DVP. Kot merilo kreditnega tveganja DVP Skupina dnevno izračunava in nadzira velikost spremembe tržne vrednosti svojih portfeljev, ki bi jo povzročila morebitna sprememba kreditnih premij izdajateljev za eno bazično točko. Učinki spremembe kreditne premije vseh izdajateljev za eno bazično točko v letu 2018 EUR Zapadlost Skupaj 31. 12. 2018 Letni max, min, povprečje Do 6 mesecev Od 6 mesecev do 2 leti 2 leti do 7 let nad 7 let Skupaj Letni maksimum Letni minimum Absolutno povprečje 151 4.855 117.372 51.194 173.571 173.586 235.672 188.231 Učinki spremembe kreditne premije vseh izdajateljev za eno bazično točko v letu 2017 EUR Zapadlost Skupaj 31. 12. 2017 Letni max, min, povprečje Do 6 mesecev Od 6 mesecev do 2 leti 2 leti do 7 let nad 7 let Skupaj Letni maksimum Letni minimum Absolutno povprečje 156 4.539 64.876 145.015 214.587 210.727 269.817 235.322 162 2018 Letno poročilo · UniCredit Bank Skupina je zgoraj predstavljeni pristop, zasnovan na analizi občutljivosti sprememb kreditnih premij, razširila z dodatnim mesečnim testiranjem šoka povečanja kreditne premije na obveznice v portfelju Skupine, katerih izdajatelj je Republika Slovenija. V primeru uresničitve stresnega testa vzporednega premika krivulje kreditnih premij za +200 bazičnih točk bi ekonomska vrednost Skupine na dan 31. december 2018 rezultirala v izgubi v višini 30,5 milijona evrov, ob upoštevanju sedanje vrednosti pozicije Banke v obveznicah, katerih izdajatelj je Republika Slovenija. Skupina za namene upravljanja valutnega tveganja poleg tvegane vrednosti (FX VaR) dnevno spremlja in nadzira izpostavljenost Skupine v posameznih tujih valutah, vključno s primerjavo dejanske dnevne izpostavljenosti z določenimi limiti za posamezno valuto. Skupina je imela med letom 2018 materialne pozicije izključno v pomembnejših tujih valutah, kar je predstavljeno v spodnji tabeli. Odprta devizna pozicija za Skupino v letu 2018 in 2017 EUR 1.000 2018 2017 Letni maksimum v kratki poziciji Letni maksimum v dolgi poziciji Letni maksimum v kratki poziciji Letni maksimum v dolgi poziciji CHF (2.843) 5.638 (2.149) 666 GBP (1.581) 118 (551) 304 Valuta JPY (152) 80 (221) 298 USD (2.158) 1.142 (1.414) 4.184 Odprta devizna pozicija za Banko v letu 2018 in 2017 EUR 1.000 2018 2017 Letni maksimum v kratki poziciji Letni maksimum v dolgi poziciji Letni maksimum v kratki poziciji Letni maksimum v dolgi poziciji CHF (2.223) 5.638 (1.529) 666 GBP (1.581) 118 (551) 304 Valuta JPY (152) 80 (221) 298 USD (2.158) 1.142 (1.414) 4.184 UniCredit Bank · 2018 Letno poročilo 163 Računovodski izkazi Banke in Skupine Bančna tveganja Bilančne postavke za Skupino v različnih valutah na dan 31. 12. 2018 EUR 1.000 Vsebina Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah EUR CHF USD Ostale valute Skupaj 204.349 5.218 12.288 16.567 238.422 Finančna sredstva v posesti za trgovanje 8.142 - 478 - 8.620 Finančna sredstva, obvezno merjena po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje 2.694 - 1.431 - 4.125 Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa 408.363 - - - 408.363 1.849.454 156.419 1.492 3 2.007.368 Finančna sredstva, merjena po odplačni vrednosti Krediti bankam Krediti strankam Druga finančna sredstva Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva 21.667 15.970 - - 37.637 1.825.040 140.449 1.492 - 1.966.981 2.747 - - 3 2.750 9.703 1.001 - - 10.704 424 - - - 424 - - - - - 6.601 - - - 6.601 Opredmetena osnovna sredstva 5.228 - - - 5.228 Naložbene nepremičnine 1.373 - - - 1.373 14.870 Neopredmetena sredstva 14.870 - - - Terjatve za davek od dohodkov pravnih oseb 4.993 - - - 4.993 Terjatve za davek 1.426 - - - 1.426 Odložene terjatve za davek 3.567 - - - 3.567 Druga sredstva 3.958 - - - 3.958 2.513.551 162.638 15.689 16.570 2.708.448 Finančne obveznosti v posesti za trgovanje 8.737 - 479 - 9.216 Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida 1.282 - - - 1.282 2.305.713 8.190 42.274 17.017 2.373.194 SKUPAJ SREDSTVA Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank 103.845 99 691 2.061 106.696 1.857.575 7.837 39.648 14.890 1.919.950 324.453 - - - 324.453 19.840 254 1.935 66 22.095 Izvedeni finančni instrumenti, namenjeni varovanju 4.948 18.174 - - 23.122 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem 3.888 - - - 3.888 20.174 - 3 359 20.536 2.167 - - - 2.167 295 - - - 295 Druge finančne obveznosti Rezervacije Obveznosti za davek od dohodkov pravnih oseb Obveznosti za davek Odložene obveznosti za davek Druge obveznosti SKUPAJ OBVEZNOSTI Osnovni kapital Kapitalske rezerve Akumulirani drugi vseobsegajoči donos Rezerve iz dobička Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta SKUPAJ KAPITAL SKUPAJ OBVEZNOSTI IN KAPITAL 164 2018 Letno poročilo · UniCredit Bank 1.872 - - - 1.872 3.492 1 3 10 3.506 2.350.401 26.365 42.759 17.386 2.436.911 20.384 - - - 20.384 107.760 107.760 - - - 16.319 - - - 16.319 100.394 - - - 100.394 26.680 - - - 26.680 271.537 - - - 271.537 2.621.938 26.365 42.759 17.386 2.708.448 Bilančne postavke za Skupino v različnih valutah na dan 31. 12. 2017 EUR 1.000 Vsebina Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Finančna sredstva v posesti za trgovanje EUR CHF USD Ostale valute Skupaj 378.445 5.641 24.163 4.311 412.560 5.787 - 894 251 6.932 396.084 - 1.058 - 397.142 1.717.662 174.349 1.948 4.510 1.898.469 19.427 17.058 - 4.509 40.994 1.691.249 157.291 1.948 - 1.850.488 6.986 - - 1 6.987 Finančna sredstva v posesti do zapadlosti (po MRS 39) 7.202 - - - 7.202 Izvedeni finančni instrumenti, namenjeni varovanju 9.293 2.041 - - 11.334 (2.418) - - - (2.418) - - - - - 6.969 - - - 6.969 Opredmetena osnovna sredstva 5.550 - - - 5.550 Naložbene nepremičnine 1.419 - - - 1.419 15.755 - - - 15.755 3.644 - - - 3.644 Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Krediti (po MRS 39) Krediti bankam Krediti strankam Druga finančna sredstva Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva Neopredmetena sredstva Terjatve za davek od dohodkov pravnih oseb Terjatve za davek Odložene terjatve za davek Druga sredstva SKUPAJ SREDSTVA Finančne obveznosti v posesti za trgovanje Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank - - - - - 3.644 - - - 3.644 2.081 - 15 - 2.096 2.540.504 182.031 28.078 9.072 2.759.685 5.958 1 904 212 7.075 - - - - - 2.364.209 8.497 37.032 9.532 2.419.270 144.048 69 257 427 144.801 1.898.853 8.068 35.612 8.247 1.950.780 298.193 - - - 298.193 23.115 360 1.163 858 25.496 762 18.494 - - 19.256 - - - - - 14.468 - 4 12 14.484 3.465 - - - 3.465 Obveznosti za davek 1.607 - - - 1.607 Odložene obveznosti za davek 1.858 - - - 1.858 3.126 1 1 4 3.132 2.391.988 26.993 37.941 9.760 2.466.682 20.384 - - - 20.384 107.760 - - - 107.760 26.010 - 77 - 26.087 102.500 - - - 102.500 36.272 - - - 36.272 Druge finančne obveznosti Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Rezervacije Obveznosti za davek od dohodkov pravnih oseb Druge obveznosti SKUPAJ OBVEZNOSTI Osnovni kapital Kapitalske rezerve Akumulirani drugi vseobsegajoči donos Rezerve iz dobička Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta SKUPAJ KAPITAL SKUPAJ OBVEZNOSTI IN KAPITAL 292.926 - 77 - 293.003 2.684.914 26.993 38.018 9.760 2.759.685 UniCredit Bank · 2018 Letno poročilo 165 Računovodski izkazi Banke in Skupine Bančna tveganja Bilančne postavke Banke v različnih valutah na dan 31. 12. 2018 EUR 1.000 Vsebina Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah EUR CHF USD Ostale valute Skupaj 204.349 5.218 12.288 16.567 238.422 Finančna sredstva v posesti za trgovanje 8.142 - 478 - 8.620 Finančna sredstva, obvezno merjena po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje 2.694 - 1.431 - 4.125 Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa 408.363 - - - 408.363 1.806.717 156.419 1.492 3 1.964.631 Finančna sredstva, merjena po odplačni vrednosti Krediti bankam Krediti strankam Druga finančna sredstva Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva Opredmetena osnovna sredstva 21.667 15.970 - - 37.637 1.782.439 140.449 1.492 - 1.924.380 2.611 - - 3 2.614 9.703 1.001 - - 10.704 424 - - - 424 1 - - - 1 2.849 - - - 2.849 2.849 2.849 - - - - - - - - 14.549 - - - 14.549 Terjatve za davek od dohodkov pravnih oseb 1.426 - - - 1.426 Terjatve za davek 1.426 - - - 1.426 - - - - - 1.388 - - - 1.388 Naložbene nepremičnine Neopredmetena sredstva Odložene terjatve za davek Druga sredstva 2.460.605 162.638 15.689 16.570 2.655.502 Finančne obveznosti v posesti za trgovanje SKUPAJ SREDSTVA 8.737 - 479 - 9.216 Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida 1.282 - - - 1.282 2.274.422 8.190 42.274 17.017 2.341.903 103.845 99 691 2.061 106.696 1.860.246 7.837 39.648 14.890 1.922.621 292.503 Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank 292.503 - - - 17.828 254 1.935 66 20.083 Izvedeni finančni instrumenti, namenjeni varovanju 4.948 18.174 - - 23.122 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem 3.888 - - - 3.888 20.155 - 3 359 20.517 1.872 - - - 1.872 Druge finančne obveznosti Rezervacije Obveznosti za davek od dohodkov pravnih oseb Obveznosti za davek - - - - - 1.872 - - - 1.872 2.230 1 3 10 2.244 2.317.534 26.365 42.759 17.386 2.404.044 20.384 - - - 20.384 107.760 - - - 107.760 Akumulirani drugi vseobsegajoči donos 16.319 - - - 16.319 Rezerve iz dobička 84.635 - - - 84.635 Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta 22.360 - - - 22.360 Odložene obveznosti za davek Druge obveznosti SKUPAJ OBVEZNOSTI Osnovni kapital Kapitalske rezerve SKUPAJ KAPITAL SKUPAJ OBVEZNOSTI IN KAPITAL 166 2018 Letno poročilo · UniCredit Bank 251.458 - - - 251.458 2.568.992 26.365 42.759 17.386 2.655.502 Bilančne postavke Banke v različnih valutah na dan 31. 12. 2017 EUR 1.000 Vsebina Denar v blagajni, stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Finančna sredstva v posesti za trgovanje Finančna sredstva, razpoložljiva za prodajo (po MRS 39) Krediti (po MRS 39) Krediti bankam EUR CHF USD Ostale valute Skupaj 378.445 5.641 24.163 4.311 412.560 5.787 - 894 251 6.932 396.084 - 1.058 - 397.142 1.671.969 174.349 1.948 4.510 1.852.776 19.427 17.058 - 4.509 40.994 1.648.289 157.291 1.948 - 1.807.528 Druga finančna sredstva 4.253 - - 1 4.254 Finančna sredstva v posesti do zapadlosti (po MRS 39) 7.202 - - - 7.202 9.293 2.041 - - 11.334 (2.418) - - - (2.418) 1 - - - 1 Krediti strankam Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva Opredmetena osnovna sredstva Naložbene nepremičnine Neopredmetena sredstva 3.629 - - - 3.629 3.629 - - - 3.629 - - - - 15.458 15.458 - - - Terjatve za davek od dohodkov pravnih oseb - - - - - Terjatve za davek - - - - - Odložene terjatve za davek Druga sredstva SKUPAJ SREDSTVA Finančne obveznosti v posesti za trgovanje Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank Druge finančne obveznosti Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Rezervacije Obveznosti za davek od dohodkov pravnih oseb - - - - - 1.239 - 15 - 1.254 2.486.689 182.031 28.078 9.072 2.705.870 5.958 1 904 212 7.075 - - - - - 2.328.003 8.497 37.032 9.532 2.383.064 144.048 69 257 427 144.801 1.905.608 8.068 35.612 8.247 1.957.535 256.366 - - - 256.366 21.981 360 1.163 858 24.362 762 18.494 - - 19.256 - - - - - 4 12 14.484 14.468 3.073 - - - 3.073 Obveznosti za davek 1.215 - - - 1.215 Odložene obveznosti za davek 1.858 - - - 1.858 Druge obveznosti SKUPAJ OBVEZNOSTI Osnovni kapital 1.668 1 1 4 1.674 2.353.932 26.993 37.941 9.760 2.428.626 20.384 - - - 20.384 107.760 - - - 107.760 Akumulirani drugi vseobsegajoči donos 26.010 - 77 - 26.087 Rezerve iz dobička 84.635 - - - 84.635 Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta 38.378 - - - 38.378 277.167 - 77 - 277.244 2.631.099 26.993 38.018 9.760 2.705.870 Kapitalske rezerve SKUPAJ KAPITAL SKUPAJ OBVEZNOSTI IN KAPITAL UniCredit Bank · 2018 Letno poročilo 167 Računovodski izkazi Banke in Skupine Bančna tveganja Izvedeni finančni instrumenti V skladu z mednarodnimi priporočili Skupina izvedene finančne instrumente razvršča v pogodbe vezane na obrestno mero, pogodbe vezane na devizni tečaj, pogodbe vezane na vrednostne papirje ter kategorijo kreditnih in drugih izvedenih finančnih instrumentov. Podlaga za razvrstitev je osnovni finančni instrument, na katerega se pogodba nanaša. UniCredit Leasing d.o.o. ne sklepa transakcij iz naslova izvedenih finančnih instrumentov. V vsaki od navedenih kategorij Skupina dodatno razlikuje med instrumenti, s katerimi se trguje na prostem trgu (OTC), in instrumenti, s katerimi se trguje na priznanih borzah. Večino portfelja izvedenih finančnih instrumentov Skupine še vedno predstavljajo instrumenti, s katerimi se trguje na prostem trgu (OTC). Skupina je poslovni partner podjetjem, ki sklepajo navadne in strukturirane posle. Banka pozicije nemudoma zapre, da ne bi prekoračila vzpostavljenih limitov. Skupina uporablja izvedene finančne instrumente tudi za upravljanje s strukturo svoje bilance. Za namene upravljanja portfeljev in upravljanja tveganj se pogodbe vrednotijo po trenutnih cenah z uporabo preverjenih in priznanih modelov. Tržne vrednosti izkazujejo vrednosti pogodb na dan priprave bilance, pri čemer pozitivne tržne vrednosti OTC pogodb nakazujejo obseg kreditnega tveganja nasprotne stranke, ki izhaja iz zadevne dejavnosti. Obseg izvedenih finančnih instrumentov na dan 31. 12. 2018 EUR 1.000 Znesek pogodbe Vrednotenje (pozitivno) Vrednotenje (negativno) Trgovalna knjiga Bančna knjiga Trgovalna knjiga Bančna knjiga Trgovalna knjiga Bančna knjiga 749.857 1.217.405 7.251 9.703 7.894 4.948 24.891 - 68 - 67 - b) Eno valutne zamenjave obrestnih mer 723.331 1.217.405 7.183 9.703 7.827 4.948 c) Terminske pogodbe na obrestno mero - - - - - - 1.634 - - - - - - - - - - - - - - - - - - - - - - - 155.403 154.504 1.282 1.001 1.234 18.174 - - - - - - 123.812 154.504 1.172 1.001 774 18.174 31.591 - 110 - 460 - 1.547 - 86 - 86 - 1. IFI vezani na obrestno mero a) Obrestne opcije č) Standardizirane terminske pogodbe d) Ostalo 2. Transakcije povezane z vrednostnimi papirji a) Opcije vezane na lastniške vrednostne papirje 3. IFI vezani na tujo valuto in zlato a) Valutne opcije b) Medvalutne zamenjave obrestnih mer c) Terminski posli na tuje valute 4. IFI vezani na blago 5. Ostali IFI Skupaj 168 2018 Letno poročilo · UniCredit Bank - - - - - - 906.807 1.371.909 8.618 10.704 9.214 23.122 Obseg izvedenih finančnih instrumentov na dan 31. 12. 2017 EUR 1.000 1. IFI vezani na obrestno mero a) Obrestne opcije b) Eno valutne zamenjave obrestnih mer Znesek pogodbe Trgovalna knjiga Vrednotenje (pozitivno) Vrednotenje (negativno) Bančna knjiga Trgovalna knjiga Bančna knjiga Trgovalna knjiga Bančna knjiga 659.355 876.257 5.735 9.293 5.905 762 16.126 - 70 - 68 - 643.229 876.257 5.664 9.293 5.837 762 c) Standardizirane terminske pogodbe - - - - - - 2. Transakcije povezane z vrednostnimi papirji - - - - - - a) Opcije vezane na lastniške vrednostne papirje - - - - - - 261.654 159.290 1.139 2.041 1.073 18.494 3. IFI vezani na tujo valuto in zlato a) Valutne opcije - - - - - - b) Medvalutne zamenjave obrestnih mer 159.676 159.290 211 2.041 942 18.494 c) Terminski posli na tuje valute 101.978 - 928 - 131 - 850 - 53 - 53 - 4. IFI vezani na blago 5. Ostali IFI Skupaj - - - - - - 921.859 1.035.547 6.927 11.334 7.031 19.256 Likvidnostno tveganje Likvidnostno tveganje je tveganje, da Skupina/Banka ni sposobna pravočasno poravnati svojih plačilnih obveznosti, ki nastopijo ob zapadlosti njenih finančnih virov, ali ni zmožna nadomestiti finančnih virov v primeru, da pride do njihovega nenadnega odtoka. Posledica je lahko neizpolnitev obveznosti do strank pri izplačilu depozitov in črpanju odobrenih kreditnih linij. Likvidnostno tveganje je inherentna sestavina bančnega poslovanja in ga lahko sprožijo dogodki, neposredno povezani z zadevno institucijo, kot so denimo znižanje kreditne bonitete, ali pa dogodki na trgu, ko nastopijo večje sistemske napake ali motnje v delovanju kapitalskih in denarnih trgov. Skupina obravnava likvidnostno tveganje kot centralno tveganje v bančnem poslovanju in z njim upravlja na celovit in strukturiran način. Postopki, odgovornosti in linije poročanja na področju likvidnosti so zapisane v likvidnostni politiki in vključujejo tudi krizni načrt v primeru likvidnostne krize. Skupina zmanjšuje likvidnostno tveganje na naslednje načine: • s podrobnim planiranjem kratkoročne in srednjeročne ter dolgoročne likvidnosti; • z učinkovito politiko upravljanja z likvidnostjo v zaostrenih likvidnostnih razmerah s poudarkom na uresničljivem ter ustreznem kriznem načrtu; • z zadostno likvidnostno rezervo za primere nepričakovanih odlivov; • z rednim izvajanjem ustreznih stresnih scenarijev. Glavni komponenti upravljanja z likvidnostnim tveganjem v Skupini sta upravljanje s kratkoročno likvidnostjo in upravljanje s strukturno likvidnostjo. Poleg rednih aktivnosti spremljanja in upravljanja pozicij obe vključujeta analizo scenarijev in testiranje izjemnih situacij. Kratkoročna likvidnost Pod kratkoročno likvidnostjo Skupina razume upravljanje likvidnosti znotraj delovnega dne in upravljanje z dnevnimi potrebami po refinanciranju Skupine. Prvi pristop je osredotočen na dostop do zadostne likvidnosti tekom dneva za pokrivanje vseh obveznosti do plačilnih in poravnalnih sistemov ter vključuje sprotno spremljanje obsežnejših plačil in velikosti zavarovanja v plačilnih sistemih. Dnevne potrebe po refinanciranju Skupina pokriva z aktivnim sodelovanjem na medbančnem trgu v odvisnosti od tržnih gibanj in dejavnikov identificiranih v mesečnem načrtu refinanciranja. Dnevno nadziranje presežkov in primanjkljajev v kratkoročni likvidnosti zagotavlja, da so dnevne potrebe po refinanciranju omejene. UniCredit Bank · 2018 Letno poročilo 169 Računovodski izkazi Banke in Skupine Bančna tveganja Za namene upravljanja kratkoročnega likvidnostnega tveganja ima Skupina vzpostavljen limitni sistem za zapadlosti do treh mesecev z dnevnim spremljanjem koriščenosti limitov. Limiti omejujejo pretirane volumne odprtih pozicij po posameznih zapadlostih in za posamezne valute z namenom, da se omeji tveganje refinanciranja v primeru nelikvidnega trga določene tuje valute. Količnik likvidnostnega kritja (LCR) je primarni kazalec za spremljanje ustreznosti portfelja visoko kakovostnih likvidnostnih sredstev Skupine v primeru 30-dnevne likvidnosti krize. LCR je vključen v okvir nagnjenosti k tveganjem (RAF) Skupine kot primarni indikator za kratkoročno likvidnost. Obenem je LCR primarni kazalec likvidnosti Skupine v načrtu za okrevanje in zaprtje (recovery and resolution). Spremembe LCR se spremljajo tedensko. Mesečna analiza LCR dinamike se mesečno poroča na lokalnem ALCO odboru. Strukturna likvidnost Upravljanje s strukturno likvidnostjo dopolnjuje upravljanje s kratkoročno likvidnostjo. Pokriva razširjen časovni horizont, od zapadlosti preko noči do končnih zapadlosti dolgoročnih sredstev in obveznosti Banke, ter obravnava vidike časa do zapadlosti, valutne usklajenosti ter koncentracije. Celotna strukturna likvidnost se analizira v standardnem scenariju likvidnosti ter scenarijih likvidnostne krize na trgu in likvidnostne krize specifične za Banko. Prekomerna strukturna neskladja so preprečena s spremljanjem položaja na ravni posameznih valut, kar hkrati znižuje občutljivost Skupine na položaj trga medvalutnih zamenjav. Količnik neto stabilnih virov financiranja (NSFR) je primarni kazalec za spremljanje strukture likvidnostne pozicije Skupine. Poleg NSFR količnika, ki ga predpisuje CRR direktiva (regulativa (EU) 575/2013), Skupina spremlja prilagojena količnika NSFR za postavke z zapadlostjo nad 3 in 5 leti. NSFR je primarni kazalec strukturne likvidnosti v okviru nagnjenosti k tveganjem (RAF) Skupine in je vključen kot primarni kazalec likvidnosti Skupine v načrtu za okrevanje in zaprtje (recovery and resolution). Spremembe NSFR se spremljajo tedensko. Prilagojena količnika NSFR nad 3 in 5 let se spremljata mesečno. Dinamika vseh 3 NSFR količnikov se mesečno poroča na lokalnem ALCO odboru. Testiranje stresnih scenarijev Da bi zagotovili kontinuirano poslovanje med obdobji izredno negativnega razvoja dogodkov, Banka izvaja testiranje različnih stresnih scenarijev. Glavni scenarij je opredeljen kot kombinacija negativnega razvoja dogodkov na celotnem bančnem trgu (kriza na trgu) in krize imena, specifične za UniCredit S.p.A. Časovni okvir, opredeljen znotraj kombiniranega scenarija, je en mesec. Rezultat kombiniranega scenarija služi Banki tudi kot pomembna mera v okviru določanja za Banko sprejemljivega obsega prevzemanja tveganj. Stresni scenariji se izvajajo tedensko, rezultati testiranja scenarijev pa se mesečno obravnavajo na sejah ALCO odbora. Z oblikovanjem zadostnega obsega virov financiranja Banka zagotavlja, da njene potencialne kapacitete za refinanciranje presegajo potrebe po likvidnosti v definiranih stresnih scenarijih. Letni načrt financiranja Skupina pripravlja letni načrt financiranja enkrat letno na podlagi ocene potreb po financiranju v naslednjem letu. Načrt financiranja vključuje dodatne vire financiranja namenjene podpiranju rasti kreditnega portfelja ter finančne vire namenjene nadomestitvi virov, ki zapadejo v naslednjem letu. Glavni namen načrta financiranja je zagotavljanje ustrezno diverzificirane strukture financiranja Skupine, in sicer glede na profil zapadlosti in vrsto virov financiranja. Udejanjanje načrta financiranja se spremlja v okviru rednega procesa spremljanja razvoja strukture bilance Skupine. Politika upravljanja z likvidnostjo v zaostrenih likvidnostnih razmerah Kljub temu, da je verjetnost nastanka likvidnostne krize tipično nizka, pa zaradi močnega vpliva na poslovanje Skupine zahteva poseben pristop pri upravljanju Skupine. V primeru likvidnostne krize je ključno, da Skupina hitro reagira na novo nastale razmere in na ta način minimizira morebitne negativne krizne učinke. Namen politike upravljanja z likvidnostjo v zaostrenih likvidnostnih razmerah je zagotoviti ustrezen model upravljanja Skupine v takšnih situacijah. Eden izmed osnovnih elementov te politike je krizni načrt, ki je sestavljen iz nabora možnih ukrepov, ki so Skupini na voljo v primeru nastopa likvidnostne krize. Vsak ukrep tipično vključuje opis instrumenta zagotavljanja likvidnosti z oceno velikosti učinka na likvidnost ter predstavitvijo časovnice učinkovanja. Ocena likvidnostnega položaja ob koncu leta Kljub težki situaciji na globalnem in lokalnem trgu je Skupina skozi celotno leto 2018 vzdrževala ustrezen likvidnostni profil. Pomemben vir financiranja ostaja likvidnostni center pri UniCredit Bank Austria AG, Dunaj, kjer se Skupina refinancira po tržnih pogojih. Skupina upravlja z neusklajenostjo zapadlosti sredstev in obveznosti tako, da ima oblikovano zadostno likvidnostno rezervo v obliki vrednostnih papirjev in kreditov, ki sodijo med primerno finančno premoženje po merilih ECB. 170 2018 Letno poročilo · UniCredit Bank Razkritja obremenitev sredstev Skupine na dan 31. 12. 2018 EUR 1.000 Sredstva Knjigovodska vrednost obremenjenih sredstev Poštena vrednost obremenjenih sredstev Knjigovodska vrednost neobremenjenih sredstev Poštena vrednost neobremenjenih sredstev - Sredstva institucije poročevalke 337.947 - 2.317.555 Vloge na vpogled - - 222.830 - Lastniški instrumenti - - 24.376 24.376 77.117 77.117 308.301 308.301 260.830 - 1.984.878 - Dolžniški vrednostni papirji Druga sredstva EUR 1.000 Obremenjena sredstva/prejeto zavarovanje s premoženjem in povezane obveznosti Povezane obveznosti, pogojne obveznosti ali posojeni vrednostni papirji Knjigovodska vrednost izbranih finančnih obveznosti Sredstva, prejeta zavarovanja s premoženjem in izdani lastni dolžniški vrednostni papirji, razen kritih obveznic in s premoženjem zavarovanih vrednostnih papirjev, ki so obremenjeni 241.950 Ostali viri obremenitve Skupaj viri obremenitve 337.947 - - 241.950 337.947 Razkritja obremenitev sredstev Skupine na dan 31. 12. 2017 EUR 1.000 Sredstva Knjigovodska vrednost obremenjenih sredstev Poštena vrednost obremenjenih sredstev Knjigovodska vrednost neobremenjenih sredstev Poštena vrednost neobremenjenih sredstev 277.501 - 2.482.184 - - - 401.617 - Sredstva institucije poročevalke Vloge na vpogled Lastniški instrumenti Dolžniški vrednostni papirji Druga sredstva - - 24.037 24.037 68.340 68.340 311.968 311.968 209.161 - 1.689.176 - EUR 1.000 Obremenjena sredstva/prejeto zavarovanje s premoženjem in povezane obveznosti Knjigovodska vrednost izbranih finančnih obveznosti Ostali viri obremenitve Skupaj viri obremenitve Povezane obveznosti, pogojne obveznosti ali posojeni vrednostni papirji Sredstva, prejeta zavarovanja s premoženjem in izdani lastni dolžniški vrednostni papirji, razen kritih obveznic in s premoženjem zavarovanih vrednostnih papirjev, ki so obremenjeni 244.000 277.501 - - 244.000 277.501 UniCredit Bank · 2018 Letno poročilo 171 Računovodski izkazi Banke in Skupine Bančna tveganja Razkritja obremenitev sredstev Banke na dan 31. 12. 2018 EUR 1.000 Sredstva Knjigovodska vrednost obremenjenih sredstev Poštena vrednost obremenjenih sredstev Knjigovodska vrednost neobremenjenih sredstev Poštena vrednost neobremenjenih sredstev - Sredstva institucije poročevalke 337.947 - 2.317.555 Vloge na vpogled - - 222.830 - Lastniški instrumenti - - 24.376 24.376 77.117 77.117 308.301 308.301 260.830 - 1.706.497 - Dolžniški vrednostni papirji Druga sredstva EUR 1.000 Obremenjena sredstva/prejeto zavarovanje s premoženjem in povezane obveznosti Povezane obveznosti, pogojne obveznosti ali posojeni vrednostni papirji Knjigovodska vrednost izbranih finančnih obveznosti Sredstva, prejeta zavarovanja s premoženjem in izdani lastni dolžniški vrednostni papirji, razen kritih obveznic in s premoženjem zavarovanih vrednostnih papirjev, ki so obremenjeni 241.950 Ostali viri obremenitve Skupaj viri obremenitve 337.947 - - 241.950 337.947 Razkritja obremenitev sredstev Banke na dan 31. 12. 2017 EUR 1.000 Sredstva Knjigovodska vrednost obremenjenih sredstev Poštena vrednost obremenjenih sredstev Knjigovodska vrednost neobremenjenih sredstev Poštena vrednost neobremenjenih sredstev 277.501 - 2.428.370 - Vloge na vpogled - - 401.617 - Lastniški instrumenti - - 24.037 24.037 68.340 68.340 311.968 311.968 209.161 - 1.643.621 - Sredstva institucije poročevalke Dolžniški vrednostni papirji Druga sredstva EUR 1.000 Obremenjena sredstva/prejeto zavarovanje s premoženjem in povezane obveznosti Knjigovodska vrednost izbranih finančnih obveznosti Ostali viri obremenitve Skupaj viri obremenitve 172 2018 Letno poročilo · UniCredit Bank Povezane obveznosti, pogojne obveznosti ali posojeni vrednostni papirji 244.000 Sredstva, prejeta zavarovanja s premoženjem in izdani lastni dolžniški vrednostni papirji, razen kritih obveznic in s premoženjem zavarovanih vrednostnih papirjev, ki so obremenjeni 277.501 - - 244.000 277.501 Bilanca stanja Skupine po zapadlosti na dan 31. 12. 2018 EUR 1.000 Vsebina Denar v blagajni in stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Skupaj Na vpogled 238.422 238.422 Do 1 meseca Od 1 - 3 mesecev Od 3 - 12 mesecev Od 1 - 5 let Nad 5 let 182 393 1.071 1.267 5.707 221 2.473 1.431 Finančna sredstva v posesti za trgovanje 8.620 Finančna sredstva, obvezno merjena po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje 4.125 Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa 445.105 485 18.286 5.417 186.538 234.379 2.185.807 109.828 94.131 348.372 932.405 701.071 37.636 37.146 262 228 2.145.421 69.932 93.869 348.144 932.405 701.071 2.750 2.750 4.344 6.332 424 72 352 Opredmetena sredstva 6.601 1.373 Opredmetena osnovna sredstva 5.228 Finančna sredstva, merjena po odplačni vrednosti Krediti bankam Krediti strankam Druga finančna sredstva Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem 10.704 28 Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Naložbene nepremičnine 1.373 Neopredmetena sredstva 14.870 Terjatve za davek od dohodkov pravnih oseb Terjatve za davek Odložene terjatve za davek Druga sredstva Skupaj sredstva (1) 1.426 1.426 3.567 Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida 1.282 Vloge strank Krediti bank in centralnih bank Druge finančne obveznosti Druge obveznosti Osnovni kapital Kapitalske rezerve Akumulirani drugi vseobsegajoči donos Rezerve iz dobička Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta Skupaj obveznosti in kapital (2) Neusklajenost (1)-(2) 290 30 112.962 113.881 356.633 1.132.329 969.400 194 371 1.036 1.402 6.213 1.282 38.148 361.900 324.113 106.879 7.092 9.524 164 45.099 45.000 1.920.871 1.417.613 144.772 37.983 303.118 16.740 645 1 7.512 262.373 53.767 14.421 4.268 323.653 22.095 3.888 Obveznosti za davek 126 170.220 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Odložene obveznosti za davek 1.043 1.424.705 23.122 Rezervacije 238.422 2.467 2.373.498 Izvedeni finančni instrumenti, namenjeni varovanju Obveznosti za davek od dohodkov pravnih oseb 3.567 3.567 3.956 9.216 Vloge bank in centralnih bank 14.870 4.993 Finančne obveznosti v posesti za trgovanje Finančne obveznosti, merjene po odplačni vrednosti 1.373 1.426 2.923.627 5.228 5.228 20.536 15.924 6.171 4.433 3.606 28 378 54.412 282 3.306 10.398 2.167 550 295 1.872 295 295 1.872 5.876 1.872 3.506 47 494 1.016 906 1.043 20.384 20.384 107.760 107.760 16.319 16.319 100.394 100.394 26.680 4.106 22.574 2.708.752 1.424.733 174.445 43.996 371.659 354.676 339.243 214.875 (1.186.311) (61.483) 69.885 (15.026) 777.653 630.157 Opomba: V tabeli so prikazane nediskontirane postavke izkaza finančnega položaja Banke. UniCredit Bank · 2018 Letno poročilo 173 Računovodski izkazi Banke in Skupine Bančna tveganja Bilanca stanja Skupine po zapadlosti na dan 31. 12. 2017 EUR 1.000 Vsebina Denar v blagajni in stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Finančna sredstva, namenjena trgovanju Finančna sredstva, razpoložljiva za prodajo Izvedeni finančni instrumenti, namenjeni varovanju Krediti Krediti bankam Krediti strankam Druga finančna sredstva Finančna sredstva v posesti do zapadlosti Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Skupaj Na vpogled 412.510 412.510 Odložene terjatve za davek Druga sredstva Skupaj sredstva (1) Finančne obveznosti, namenjene trgovanju Izvedeni finančni instrumenti, namenjeni varovanju Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Nad 5 let 650 224 315 1.758 3.985 2.772 10.710 166.105 264.171 11.334 - - 273 4.328 6.733 677.387 2.070.199 96.760 92.082 299.191 904.779 41.076 26.621 14.033 422 - - 2.022.144 63.161 78.049 298.769 904.778 677.387 6.979 6.978 7.263 1 7.263 (2.418) 5.550 Terjatve za davek Od 1 - 5 let 480 1.419 Terjatve za davek od dohodkov pravnih oseb Od 3 - 12 mesecev 6.932 Opredmetena osnovna sredstva Neopredmetena dolgoročna sredstva Od 1 - 3 mesecev 444.238 Naložbene nepremičnine Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Do 1 meseca (2.418) 5.550 1.419 15.755 15.755 3.644 3.644 3.644 3.644 2.023 2.978.449 1.897 412.510 7.075 102.341 310.489 1.082.033 971.289 701 210 253 1.974 3.937 13.815 463 461.465 8.115 19.256 2.422.048 126 99.787 4.978 1.326.297 279.706 55.047 291.418 145.002 3.572 15.160 162 36.108 90.000 1.953.329 1.322.725 238.205 52.473 244.384 94.539 1.003 298.223 847 2.412 10.926 276.926 7.112 25.494 25.494 14.484 1.127 187 2.245 5.967 4.958 3.465 1.607 1.858 Obveznosti za davek 1.607 1.607 Odložene obveznosti za davek 1.858 Vloge strank Krediti bank in centralnih bank Druge finančne obveznosti Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Rezervacije Obveznosti za davek od dohodkov pravnih oseb Druge obveznosti Osnovni kapital 1.858 3.132 2.670 462 20.384 20.384 107.760 107.760 Akumulirani drugi vseobsegajoči donos 26.087 26.087 Rezerve iz dobička (vključno z zadržanim dobičkom) 102.500 102.500 Kapitalske rezerve Zadržani dobiček / izguba (vključno s čistim dobičkom / izgubo poslovnega leta) Skupaj obveznosti in kapital (2) Neusklajenost (1)-(2) 36.272 36.235 2.762.463 1.326.297 284.204 60.422 331.758 485.116 274.666 215.986 (913.787) (184.417) 41.919 (21.269) 596.917 696.623 Opomba: V tabeli so prikazane nediskontirane postavke izkaza finančnega položaja Banke. 174 2018 Letno poročilo · UniCredit Bank 37 Bilanca stanja Banke po zapadlosti na dan 31. 12. 2018 EUR 1.000 Vsebina Denar v blagajni in stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Finančna sredstva v posesti za trgovanje Finančna sredstva, obvezno merjena po pošteni vrednosti prek poslovnega izida, ki niso v posesti za trgovanje Finančna sredstva, merjena po pošteni vrednosti prek drugega vseobsegajočega donosa Finančna sredstva, merjena po odplačni vrednosti Krediti bankam Krediti strankam Druga finančna sredstva Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Opredmetena sredstva Opredmetena osnovna sredstva Naložbene nepremičnine Neopredmetena sredstva Terjatve za davek od dohodkov pravnih oseb Terjatve za davek Odložene terjatve za davek Druga sredstva Skupaj sredstva (1) Finančne obveznosti v posesti za trgovanje Finančne obveznosti, določene za merjenje po pošteni vrednosti prek poslovnega izida Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank Druge finančne obveznosti Izvedeni finančni instrumenti, namenjeni varovanju Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Rezervacije Obveznosti za davek od dohodkov pravnih oseb Obveznosti za davek Odložene obveznosti za davek Druge obveznosti Osnovni kapital Kapitalske rezerve Akumulirani drugi vseobsegajoči donos Rezerve iz dobička Zadržani dobiček / izguba vključno s čistim dobičkom / izgubo poslovnega leta Skupaj obveznosti in kapital (2) Neusklajenost (1)-(2) Skupaj Na vpogled 238.422 238.422 8.620 Do 1 meseca Od 1 - 3 mesecev Od 3 - 12 mesecev Od 1 - 5 let Nad 5 let 182 393 1.071 1.267 5.707 221 2.473 1.431 4.125 445.105 485 18.286 5.417 186.538 234.379 2.128.668 98.082 81.172 452.911 805.108 691.395 37.636 2.088.418 2.614 37.146 58.322 2.614 262 80.910 228 452.683 805.108 691.395 4.344 6.332 72 352 10.704 28 424 1 1 2.849 2.849 2.849 2.849 14.549 1.426 1.426 1.388 2.856.281 9.216 14.549 1.426 1.426 238.422 152 98.901 194 1.043 100.922 371 126 461.172 1.036 1.282 37 999.839 1.402 30 957.025 6.213 1.282 2.341.227 1.427.376 168.207 38.147 354.876 302.497 50.124 106.879 1.923.541 290.724 20.083 7.092 1.420.284 9.524 144.771 164 37.983 45.099 303.118 488 6.171 45.000 16.740 240.757 645 49.479 14.421 4.268 13.912 23.122 4.433 3.888 20.517 1.872 3.606 28 1.872 2.244 20.384 107.760 16.319 84.635 282 378 550 3.306 46 36 345 22.360 2.654.826 201.455 10.379 1.872 1.872 774 4.106 1.427.404 (1.188.982) 172.431 (73.530) 43.537 57.385 363.669 97.503 5.876 1.043 20.384 107.760 16.319 84.635 18.254 332.909 666.930 314.876 642.149 Opomba: V tabeli so prikazane nediskontirane postavke izkaza finančnega položaja Banke. UniCredit Bank · 2018 Letno poročilo 175 Računovodski izkazi Banke in Skupine Bančna tveganja Bilanca stanja Banke po zapadlosti na dan 31. 12. 2017 EUR 1.000 Vsebina Denar v blagajni in stanje na računih pri centralnih bankah in vpogledne vloge pri bankah Finančna sredstva, namenjena trgovanju Finančna sredstva, razpoložljiva za prodajo Izvedeni finančni instrumenti, namenjeni varovanju Krediti Krediti bankam Krediti strankam Druga finančna sredstva Finančna sredstva v posesti do zapadlosti Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Opredmetena osnovna sredstva Naložbene nepremičnine Neopredmetena dolgoročna sredstva Dolgoročne naložbe v kapital odvisnih, pridruženih in skupaj obvladovanih družb Skupaj Na vpogled 412.510 412.510 Do 1 meseca Od 1 - 3 mesecev Od 3 - 12 mesecev Od 1 - 5 let Nad 5 let 6.932 650 224 315 1.758 3.985 444.238 480 2.772 10.710 166.105 264.171 273 4.328 6.733 662.233 11.334 2.014.908 96.635 82.527 258.301 915.212 41.076 26.621 14.033 422 - 1.969.578 65.761 68.494 257.879 915.211 4.254 4.253 7.263 662.233 1 7.263 (2.418) (2.418) 3.629 3.629 15.458 15.458 1 1 Terjatve za davek od dohodkov pravnih oseb Terjatve za davek Odložene terjatve za davek Druga sredstva Skupaj sredstva (1) Finančne obveznosti, namenjene trgovanju Izvedeni finančni instrumenti, namenjeni varovanju Finančne obveznosti, merjene po odplačni vrednosti Vloge bank in centralnih bank Vloge strank Krediti bank in centralnih bank Druge finančne obveznosti 1.254 2.915.109 1.128 412.510 7.075 92.786 269.599 1.087.403 953.918 701 210 253 1.974 3.937 13.815 463 434.406 1.161 19.256 2.384.226 126 98.893 4.978 1.333.052 277.727 51.036 286.844 145.002 3.572 15.160 162 36.108 90.000 1.958.483 1.329.480 238.205 50.872 244.384 94.539 1.003 2 6.352 249.867 158 187 2.245 5.967 4.958 3.073 1.215 1.858 1.215 1.215 256.379 24.362 24.362 14.484 1.127 Spremembe poštene vrednosti skupine varovanih postavk pred obrestnim tveganjem Rezervacije Obveznosti za davek od dohodkov pravnih oseb Obveznosti za davek Odložene obveznosti za davek Druge obveznosti Osnovni kapital Kapitalske rezerve 1.858 1.858 1.674 1.212 462 20.384 20.384 107.760 107.760 Akumulirani drugi vseobsegajoči donos 26.087 26.087 Rezerve iz dobička 84.635 84.635 Zadržani dobiček / izguba (vključno s čistim dobičkom / izgubo poslovnega leta) 38.378 Skupaj obveznosti in kapital (2) Neusklajenost (1)-(2) 38.341 2.707.032 1.333.052 280.767 56.411 328.898 458.057 249.847 208.077 (920.542) (181.874) 36.375 (59.299) 629.346 704.071 Opomba: V tabeli so prikazane nediskontirane postavke izkaza finančnega položaja Banke 176 2018 Letno poročilo · UniCredit Bank 37 Merjenje poštene vrednosti Spodnja tabela predstavlja merjenje poštene vrednosti (MSRP 13) razkritja knjigovodskih postavk za instrumente, ki niso merjeni po pošteni vrednosti v izkazu finančnega položaja. Merjenje poštene vrednosti (MSRP 13) razkritja knjigovodskih postavk za instrumente, ki niso merjeni po pošteni vrednosti v izkazu finančnega položaja EUR 1.000 Vsebina Knjigovodska vrednost 2018 Poštena vrednost 2018 L2 Poštena vrednost 2018 L3 Knjigovodska vrednost 2017 Poštena vrednost 2017 L2 Poštena vrednost 2017 L3 238.422 - 238.422 412.560 - 412.560 - - - 7.202 7.069 - Sredstva Denar v blagajni in stanje na računih pri centralni banki Finančna sredstva v posesti do zapadlosti 37.637 10.198 27.452 40.994 20.620 20.361 Krediti strankam, ki niso banke Krediti bankam 1.897.723 994.609 931.964 1.676.081 608.145 1.183.750 Skupaj 2.173.782 1.004.807 1.197.838 2.136.837 635.834 1.616.671 Finančne obveznosti do centralne banke - - - - - - Podrejene obveznosti - - - - - - Obveznosti Vloge bank Vloge strank, ki niso banke Lastni deleži Skupaj 106.696 - 103.178 144.796 144.221 2.741 1.922.621 - 1.859.222 1.957.540 445.522 1.513.333 - - - - - - 2.029.317 - 1.962.400 2.102.336 589.743 1.516.074 Zgoraj navedeni finančni instrumenti niso vodeni po pošteni vrednosti. Za te instrumente se poštena vrednost izračuna samo za potrebe poročanja in ne vpliva na bilanco stanja ali poslovni izid. Izračun poštene vrednosti je v skladu z metodologijo diskontiranja denarnih tokov za oceno sedanje vrednosti finančnega instrumenta, ki je predmet tveganja nepoplačila. Tveganje denarnih tokov je upoštevano z uporabo uteži pri diskontnih faktorjih, s katerimi se upošteva kreditno in časovno komponento. Poštena vrednost se izračunava na ravni posameznih bilančnih postavk. Ocena polne poštene vrednosti je sestavljena iz ne tvegane komponente in komponente kreditnega tveganja. Ne tvegana komponenta se ocenjuje z uporabo tržnih obrestnih mer, medtem ko se kreditna komponenta ocenjuje z uporabo internih modelov (parametri vrednotenja, ki niso dostopni na trgu). Končna uvrstitev bilančnih postavk v ravni poštene vrednosti je odvisna od deleža polne poštene vrednosti , ki se izračuna z uporabo parametrov vrednotenja, ki niso dostopni na trgu. V kolikor je delež polne poštene vrednosti, ki se izračuna z uporabo parametrov vrednotenja, ki niso dostopni na trgu, manjši od 5 % se bilančna postavka uvrsti v 2. raven 2, sicer pa v 3. raven. * Raven 2 (L2): Poštena vrednost se določi na osnovi modelov vrednotenja, ki temeljijo predvsem na tržnih podatkih. Raven 2 vključuje tudi finančna sredstva, katerih poštena vrednost je določena na osnovi kotirane cene za identičen instrument, vendar zanje ne obstaja delujoč trg. ** Raven 3 (L3): Poštena vrednost se določi na osnovi modelov vrednotenja, ki ne temeljijo na zaznavnih tržnih podatkih. Vložek se šteje kot zaznavni vložek, če je tržna cena neposredno na razpolago ali jo je možno izpeljati iz tržne cene. Primeri vložkov za Raven 3 so denimo pretekle volatilnosti ali obrestne mere za valute ter zapadlosti, za katere niso na razpolago finančni instrumenti s tržno ceno. Če vrednost finančnega instrumenta temelji na dejavnikih, za katere tržna cena ni na razpolago, lahko ob koncu obdobja poročanja vrednost teh dejavnikov izberemo iz nabora razumnih možnih alternativ. Za namen priprave finančnih izkazov so razumne vrednosti, ki so izbrane za takšne vložke, za katere ni na voljo tržne cene, usklajene s prevladujočimi razmerami na trgu ter s pristopom Banke, kar zadeva kontrolo vrednotenja. UniCredit Bank · 2018 Letno poročilo 177 Računovodski izkazi Banke in Skupine Bančna tveganja Operativno tveganje Okvir operativnega tveganja Operativno tveganje je opredeljeno kot tveganje zaradi neustreznih ali neuspešnih internih procesov, nepravilnega ravnanja oseb, neustreznih ali neuspešnih notranjih sistemov in zunanjih dogodkov, ki ne izhajajo iz kreditnega, tržnega ali likvidnostnega tveganja. Med operativna tveganja štejemo tudi pravna tveganja in tveganja povezana s skladnostjo poslovanja, izključena pa so strateška tveganja in tveganja ugleda. Za nadzor in zmanjševanje operativnega tveganja je Banka vzpostavila celovit okvir politik in postopkov za ocenjevanje in upravljanje z operativnim tveganjem in učinkovitim kontrolnim okoljem. Banka se osredotoča na proaktivno odkrivanje in zmanjševanje operativnega tveganja in z njim povezanih dogodkov. Cilj Banke je obdržati izpostavljenost operativnemu tveganju na ustrezno nizki ravni, v luči njenih finančnih prednosti, značilnosti njenega poslovanja, trgov na katerih posluje, konkurenčnosti okolja in regulatornih omejitev, ki jim je izpostavljena. Ključni poudarki so transparentnost informacij, eskalacija glavnih problemov in določitev odgovornosti za njihovo ustrezno reševanje. Pristop Banke pri upravljanju z operativnim tveganjem je namenjen zmanjševanju izgub z vpeljavo tradicionalnih pristopov, ki temeljijo na kontroli in vpeljavo dodatnih metod, orodij in pravil, ki so prilagojeni vrsti tveganja, dosledno uporabljeni in izkoriščeni. Najpomembnejše orodje pri omejevanju in zmanjševanju tveganja in dejanskih izgub je širitev kulture zavedanja o operativnem tveganju na vseh ravneh v Banki. Od julija 2015, ko je prejela soglasje Banke Slovenije oz. »Odločbo o izdaji dovoljenja za pridobitev kvalificirane naložbe v družbi UniCredit Leasing d.o.o.«, je Banka 100-odstotna lastnica podjetja UniCredit Leasing Slovenija d.o.o., kar pomeni, da od avgusta 2015 dalje okvir za poročanje in upravljanje z operativnim tveganjem ter učinkovitim kontrolnim okoljem zajema celotno Skupino. Upravljavci operativnega tveganja Celotna organizacija ter razdelitev pristojnosti in odgovornosti na področju upravljanja operativnega tveganja z vidika ocenjevanja/merjenja, spremljanja in obvladovanja operativnega tveganja so v Skupini opredeljeni na način, ki omogoča in zagotavlja pravočasno evidentiranje ter poročanje nastalih dogodkov operativnega tveganja, pravočasno vpeljavo ukrepov z namenom preprečitve nastanka škodnih dogodkov in učinkovito spremljanje ter obvladovanje operativnega tveganja. Uprava Banke je odgovorna za učinkovit pregled in razumevanje izpostavljenosti operativnemu tveganju. Uprava Banke in višje vodstvo so prav tako odgovorni za preverjanje, ali sta merjenje in sistem nadzora operativnega tveganja močno integrirana v dnevni proces obvladovanja tveganj Skupine. Ključni organ v Banki za sprejemanje odločitev, povezanih z operativnim tveganjem, je Odbor za operativno tveganje. Na sestankih odbora za operativno tveganje se podrobno analizirajo nastali škodni dogodki v Skupini, vključno z analizo o možnih izboljšavah procesov/produktov/ sistemov znotraj Skupine. Na osnovi poročil o operativnem tveganju člani Odbora za operativno tveganje predlagajo in nadzirajo procedure za kontrolo in spremljanje operativnega tveganja. Uprava Banke je redno obveščena o vseh pomembnih dogodkih operativnega tveganja, pomembnih temah, spremembah ter novostih in o morebitnih kršitvah na področju operativnega tveganja. V matični skupini UniCredit je ključni organ odbor za operativno tveganje, ki zaseda vsako četrtletje. Odbor ima funkcijo spremljanja in svetovanja na naslednjih področjih: profili in dejavniki tveganja; odobritev in spremembe upravljavskega in kontrolnega okolja za operativna tveganja, vključno z morebitnimi akcijskimi načrti, procesi in zahtevami za kontrolo kakovosti podatkov in informacijske tehnologije; strategije za izboljšanje učinkovitosti na področju operativnih tveganj. Nadalje odbor obravnava akcijske načrte za implementacijo dodatnih kontrol/ukrepov, vključno z določitvijo odgovornih enot za njihovo izvedbo in spremljanje v zvezi z ugotovitvami letnega ocenjevanja primernosti sistema upravljanja operativnega tveganja na nivoju celotne matične skupine, kot tudi priporočil notranje revizije. Odbor nadzira tudi izvajanje procesa ocenjevanja notranjega kapitala banke (ICAAP). V matični skupini UniCredit je bila konec oktobra 2016 vpeljana nova organizacijska struktura za področje operativnega tveganja in tveganja ugleda, ki je uvedla neposredno koordinacijo posameznih bank matične skupine v okviru posebne enote v matični skupini UniCredit. Ta enota je odgovorna za določitev postopkov in smernic za ugotavljanje, ocenjevanje in kontrolo na področju operativnega tveganja in tveganja ugleda (vključno z operativnim tveganjem v povezavi s kreditnim in tržnim tveganjem ter tveganjem v povezavi z informacijsko in komunikacijsko tehnologijo banke) ter spremljanje njihovega pravilnega izvajanja s strani posameznih bank v matični skupini UniCredit. Funkcija upravljanja operativnega tveganja v Skupini poteka znotraj samostojne skupine za operativno tveganje, v okviru divizije Upravljanje s tveganji, v tesnem sodelovanju z ostalimi upravitelji operativnega tveganja, ki so imenovani za vsako poslovno divizijo in štabno službo. Skupina za operativno tveganje zagotavlja redno kontrolo nad operativnim tveganjem in je odgovorna za identifikacijo, ocenjevanje, nadzor in zmanjševanje ter kontrolo operativnega tveganja. Vključena je tudi v postopek vpeljave novih produktov. Upravitelji operativnega tveganja so odgovorni za vzpostavitev ustreznih ukrepov za zmanjšanje in preprečevanje operativnega tveganja ter sklenitev morebitnega zavarovanja pred tveganjem. Vsako leto skupina za operativno tveganje organizira tudi celodnevno delavnico za vse upravitelje operativnih tveganj v Skupini z 178 2018 Letno poročilo · UniCredit Bank namenom predstavitve pomembnih aktualnih dogajanj in novosti, s čimer se utrjuje znanje upraviteljev operativnih tveganj in skrbi za krepitev zavedanja o pomenu aktivnega nadzora in upravljanja operativnega tveganja. Sistem merjenja operativnega tveganja Od septembra 2009 Banka uporablja napredni pristop (Advanced Measurement Approach – AMA pristop) za merjenje in izračun kapitalske zahteve za operativno tveganje. Napredni model izračuna kapitalske zahteve za operativno tveganje je bil razvit na ravni matične skupine UniCredit. Model uporablja kombinacijo notranjih podatkov, zunanjih podatkov, analize scenarijev in dejavnikov, ki odražajo poslovno okolje in notranje kontrole. Okvir spremljanja operativnega tveganja predstavlja aplikacija Application for Risk Gauging Online (v nadaljevanju: ARGO). Gre za programsko orodje, ki je bilo razvito v okviru matične skupine UniCredit in je namenjeno spremljanju operativnega tveganja. ARGO združuje posamezne sestavine okvira upravljanja operativnega tveganja v enotno orodje, ki temelji na intranetu. ARGO obsega zajemanje, poročanje in analiziranje podatkov, povezanih z operativnim tveganjem, ki omogočajo identifikacijo tveganj, merjenje, nadzor, poročanje in analizo in na ta način omogočajo učinkovito upravljanje Skupine z operativnim tveganjem. Mreža neodvisnih funkcij in skupin, ki so vključene v upravljanje in kontrolo tveganj, zagotavlja upravi Banke zadostne informacije za upravljanje z operativnim tveganjem. V letu 2012 je bila ustanovljena posebna delovna skupina v okviru Odbora za operativna tveganja, ki zagotavlja redno spremljanje ukrepov za zmanjšanje operativnih tveganj in aktivnosti ter ugotovitev na posameznih ravneh upravljanja v Skupini. Vsako četrtletje skupina pripravi posebno poročilo s pregledom vseh sprejetih in planiranih ukrepov za zmanjšanje operativnih tveganj na vseh ravneh upravljanja po posameznih poslovnih področjih in redno spremlja izvajanje tovrstnih ukrepov v Skupini. Sistem za ocenjevanje in merjenje operativnih tveganj temelji na štirih ključnih elementih: zbiranje in analiziranje notranjih dogodkov operativnega tveganja, zunanji dogodki operativnega tveganja, letna analiza scenarijev operativnega tveganja in redno spremljanje dejavnikov/ indikatorjev tveganja. Notranji dogodki operativnega tveganja Redno spremljanje indikatorjev operativnega tveganja Sistem merjenja operativnega tveganja Zunanji dogodki operativnega tveganja Scenarij operativnega tveganja Za upravljanje operativnega tveganja ima Banka vpeljane številne politike in postopke za celovito merjenje, kontrolo in zmanjševanje tveganj. V skladu s celotnim okvirom upravljanja z operativnim tveganjem matične skupine UniCredit, Banka spremlja in ocenjuje vsa tveganja, ki so zajeta v vseh pomembnih produktih, aktivnostih, procesih in sistemih. Ta del predstavlja reden proces spremljanja profilov tveganosti, izpostavljenosti pomembnim tveganjem in vzpostavitev strategij za zmanjšanje tveganj. V povezavi s strategijo matične skupine UniCredit (Transformacija 2019) in načrtom za zmanjšanje operativnih tveganj je Banka v letu 2018 vzpostavila več kazalnikov tveganj, ki so lahko v pomoč Banki pri vzpostavitvi zanesljivih kontrol procesov in prepoznavanju potencialnih šibkih področij. UniCredit Bank · 2018 Letno poročilo 179 Računovodski izkazi Banke in Skupine Bančna tveganja Načrt neprekinjenega poslovanja V letu 2018 je Banka nadaljevala z izvajanjem načrta neprekinjenega poslovanja, skladno z novim načrtom kriznega upravljanja ter politiko matične skupine UniCredit. Načrt neprekinjenega poslovanja vsebuje nabor dokumentov, ki opredeljujejo organizacijske rešitve za ponovno vzpostavitev operativnih zmogljivosti za vnaprej določeno raven, s ciljem omejevanja ali preprečevanja izgube banke v primeru motenj. Načrt vsebuje tudi načrt testiranj postavljenih rešitev. Slednje se določi na podlagi analiz vpliva poslovnega učinka, kot tudi z ocenjevanjem ranljivosti, zgodovinskih podatkov ter ostalih informacij, ki so na voljo lastniku procesa in upravljalcu neprekinjenega poslovanja in kriznega upravljanja. Načrt neprekinjenega poslovanja upošteva šest kriznih scenarijev, in sicer: • nerazpoložljivost/nedostopnost do poslovnih prostorov, • nerazpoložljivost kritičnega osebja, • nerazpoložljivost IT sistemov, • nerazpoložljivost javnih dobrin/storitev, • nerazpoložljivost kritične dokumentacije in • nerazpoložljivost kritičnih dobaviteljev oz. ponudnikov storitev. Zbiranje škodnih dogodkov Škodni dogodki se zbirajo od leta 2002 in so prispevali k: • širitvi zavedanja o operativnem tveganju na vseh ravneh v Banki, • pridobivanju izkušenj pri samem pojmovanju operativnega tveganja in orodjih, • poglobljenem razumevanju vključenosti/povezanosti različnih tveganj v poslovni proces. Aktivnosti identifikacije, beleženja, zbiranja, potrjevanja in poročanja škodnih dogodkov so organizirane decentralizirano, na ravni organizacijskih enot v Skupini. Skupina zbira vse izgube in dobičke, ki so povezani z dogodki operativnih tveganj, z zneskom nad 100 evrov in vse potencialne izgube nad 10.000 evrov. Vsak dogodek operativnega tveganja se uvrsti v eno izmed sedmih kategorij tveganja po Basel II standardih (ORX standard): • notranja goljufija, • zunanja goljufija, • ravnanje v zvezi z zaposlovanjem in varnostjo pri delu, • stranke, produkti in poslovna praksa, • škoda na premičnem in nepremičnem premoženju, • poslovne motnje in izpadi sistemov, • izvedba, dostava in upravljanje procesov. 1. notranja goljufija 7. izvedba, dostava in upravljanje procesov 6. poslovne motnje in izpadi sistemov 2. zunanja goljufija 7 kategorij operativnega tveganja 5. škoda na premičnem in nepremičnem premoženju 3. zaposlovanje in varnost pri delu 4. stranke, produkti in poslovna praksa Izgube operativnih tveganj se redno usklajujejo z računovodskimi izkazi, da bi s tem zagotovili popolnost zbranih izgub iz operativnih tveganj. 180 2018 Letno poročilo · UniCredit Bank Delež neto izgub iz operativnega tveganja po kategorijah tveganja (5.015.600) (3.000.000) (4.000.000) (153.851) (145.774) (222) (5.303) 0 0 0 0 (2.000.000) (1.920.797) (1.000.000) (56.038) (82.900) 0 0 0 2018 2017 (5.000.000) (6.000.000) Notranja goljufija Zunanja goljufija Ravnanje v zvezi z zaposlovanjem in varnostjo pri delu Stranke, produkti in Škoda na premičnem Poslovne motnje in Izvedba, dostava in poslovna praksa izpadi sistemov upravljanje procesov in nepremičnem premoženju Skupina se zavzema za uvedbo ukrepov, s katerimi upravlja in zmanjšuje izpostavljenost operativnemu tveganju in preprečuje nastanek podobnih škodnih dogodkov v prihodnosti. Vpeljava ukrepov za zmanjševanje operativnega tveganja se redno nadzira. Indikatorji tveganja Indikatorji tveganja so numerične spremenljivke, katerih trend je povezan z izpostavljenostjo procesov operativnemu tveganju. Indikatorji tveganja so merljivi podatki oziroma kazalniki, ki odražajo izpostavljenost operativnemu tveganju: vrednost indikatorja mora biti povezana s spremembo v velikosti tveganja. Redno spremljanje indikatorjev tveganja omogoča pridobitev informacije o povečanju tveganja za nastanek škodnega dogodka tako funkciji upravljanja z operativnim tveganjem kot tudi lastnikom procesov in osebam, ki so neposredno zadolžene za upravljanje s tveganjem na način, da ima lastnik procesa še dovolj časa, da z uvedbo ukrepa prepreči nastanek škodnega dogodka. Proces izbora indikatorjev vključuje funkcijo upravljanja z operativnim tveganjem in lastnike procesa. Proces temelji na analizi internih podatkov o izgubah, zunanjih dogodkih (iz baze ORX, ki vključuje operativne dogodke celotne svetovne ekonomije), scenarijih ter analizi notranjih kontrol in identifikaciji tveganj v posameznih procesih, ki temeljijo na strokovnjakovih pobudah za procese, mnenju notranje revizije ter spremembah v poslovnemu okolju. Analiza scenarijev Namen analize scenarijev je oceniti stopnjo izpostavljenosti Skupine operativnemu tveganju zaradi možnih dogodkov operativnega tveganja, ki se zgodijo z majhno verjetnostjo, vendar takrat lahko povzročijo Skupini visoke izgube. Pri analizi scenarijev analiziramo pretekle dogodke operativnega tveganja, ki so se zgodili znotraj Skupine, v matični skupini UniCredit ter zunanje dogodke iz baze ORX, prekoračitve pri indikatorjih tveganja, predvsem pa se pri definiranju najbolj relevantnih/možnih negativnih scenarijev za Skupino upošteva oceno ključnih zaposlenih, ki imajo največ znanja in izkušenj na svojim področju delovanja ter predloge notranje revizije in vodstva Banke. Rezultati v smislu najslabšega možnega scenarija, kritičnih procesov, predlogov ukrepov za zmanjšanje tveganja ali učinkov na tvegani kapital so posebej opisani v poročilih scenarijev. Interna ocena Glavni namen letnega procesa internega ocenjevanja je ocenitev primernosti sistema upravljanja operativnega tveganja kot tudi ocenitev skladnosti s standardi matične skupine UniCredit in z regulatornimi zahtevami za uporabo naprednega pristopa za merjenje kapitalske zahteve za operativno tveganje. Metodologije Skupine za merjenje tveganega kapitala in sistemov za informacijsko tehnologijo so usklajene s standardi matične skupine UniCredit. Cilj letne interne ocene je identifikacija glavnih značilnosti posameznih operativnih tveganj, ki so specifični za naše okolje in ocenjevanje ustreznosti vzpostavljenega kontrolnega okolja. V primeru ugotovljenih pomanjkljivosti se izdela akcijski načrt za implementacijo dodatnih kontrol/ukrepov, vključno z določitvijo odgovornih enot za njihovo izvedbo in spremljanje, skladno z začrtanim časovnim okvirjem. UniCredit Bank · 2018 Letno poročilo 181 Računovodski izkazi Banke in Skupine Bančna tveganja Pravna tveganja in tveganja skladnosti Banke so visoko regulirane finančne ustanove in s strani pristojnih organov tudi stalno nadzorovane, saj prinašajo in nosijo sistemsko tveganje. Banka je v okviru svojega poslovanja in delovanja izpostavljena pravnemu tveganju in tveganju skladnosti (angl. compliance risk). Pravno tveganje je tveganje nastanka izgube, zaradi kršenja ali nepravilnega upoštevanja zakonov, podzakonskih aktov, navodil, priporočil, sklenjenih pogodb, dobre bančne prakse ali etičnih norm. Tveganje skladnosti je tveganje finančne izgube, izgube ugleda ali nastopa posameznih regulatornih ukrepov ali sankcij zaradi neskladnosti ravnanja banke z zakoni, drugimi zunanjimi in notranjimi predpisi ter relevantnimi standardi in kodeksi poslovanja. Naš namen je identificirati, upravljati, nadzirati in zmanjševati pravna tveganja in tveganja skladnosti, ki jim je Banka izpostavljena. Banka si prizadeva aktivno zmanjševati zgoraj navedena tveganja skozi njihovo prepoznavanje, vzpostavitev ustreznih standardov in postopkov za njihovo upravljanje, kot tudi z zagotavljanjem skladnosti preko ukrepov in postopkov aktivnega nadzora. Politika obvladovanja pravnih tveganj in tveganja skladnosti je vpeljana skozi identifikacijo le-teh in s ponavljajočim rednim ter sistematičnim pregledom področij, kjer so bila ta tveganja ugotovljena. Določene so odgovornosti za razvoj ustreznih postopkov za upravljanje in zmanjševanje tveganj, vzpostavljeni pa so tudi ustrezni postopki za nadzor skladnosti, upoštevajoč zahtevane standarde. Pravnemu tveganju in tveganju skladnosti se ne moremo v celoti izogniti in ju povsem izničiti ter ju je tudi zelo težko vnaprej napovedati. Poleg pravne službe ima Banka vzpostavljeno funkcijo skladnosti poslovanja, ki poleg izvajanja redne ocene tveganja skladnosti izvaja tudi sistem drugostopenjskih notranjih kontrol, s pomočjo katerih aktivno upravlja s tveganjem skladnosti, pri čemer ima med drugim vpeljan tudi sistem nadzora konfliktov interesov, sistem obveščanja o kršitvah (t.i. whistleblowing), ter protikorupcijske ukrepe. Tveganja iz naslova deležev in kapitalskih udeležb Skupine Skupina ni aktivna pri dolgoročnih naložbah v delnice ali poslovne deleže za svoj račun z namenom, da bi realizirala kratkoročno trgovanje ali bistvena dolgoročna povečanja vrednosti. Poslovni deleži, ki jih ima Skupina v drugih družbah, so tesno povezani z njenim poslovanjem (Sklad za reševanje bank, VISA SWIFT, Bankart, itd.). Tveganja na področju nepremičnin Skupina ne vlaga namensko v nepremičnine, imamo pa nekaj nepremičnin v lasti iz naslova prekinitve leasing pogodb, vendar to tveganje glede na obseg ocenjujemo kot nematerialno. Upravljanje s kapitalom V okviru procesa ocenjevanja ustreznega notranjega kapitala se Skupina osredotoča na ekonomski pogled usklajevanja ekonomskega kapitala (kapitalska zahteva) s sposobnostjo prevzemanja tveganja (lastniški kapital) v skladu z drugim stebrom kapitalskega sporazuma. Ekonomski kapital se izračuna za preteklo obdobje, in sicer vsake tri mesece, vendar ga spremljamo tudi v okviru letnega procesa načrtovanja. Kapitalska zahteva in razpoložljivi kapital se spreminjata skozi čas, zato Skupina ves čas zagotavlja, da kapitalska zahteva (ki izhaja predvsem iz poslovnih načrtov in napovedi o profilu tveganja v povezavi z makroekonomskimi scenariji) ne preseže razpoložljivega kapitala ter da se razpoložljivi kapital ohrani na določeni ravni, ki omogoča Banki kritje ocenjenih tveganj v vsakem trenutku. Ekonomski kapital banke odseva specifičen profil tveganja banke na obširen in dosleden način. Z izjemo likvidnostnega tveganja se ekonomski kapital izračuna z uporabo enotne VaR metode za vse vrste tveganj, ki so bile omenjene v poglavju Bančna tveganja. Poseben dejavnik, ki ga je potrebno upoštevati pri potrebnem tveganem kapitalu, je poslovno tveganje, ki odseva vpliv zunanjih dejavnikov kot so obnašanje potrošnika ali konkurenčnih razmer na tržno vrednost poslovnih enot ali podružnic. Nepričakovane izgube za obdobje enega leta so izračunane s stopnjo zaupanja 99,9 %. Celotno odgovornost za prepoznavanje tveganj in ocene stopnje tveganj prevzema ALCO. Poleg ekonomskega vidika mora Skupina izpolnjevati tudi pravne predpise določene z Uredbo (EU) št. 575/2013 Evropskega Parlamenta in Sveta z dne 26. junija 2013 o bonitetnih zahtevah za kreditne institucije in investicijska podjetja (Uredba CRR) in slovensko zakonodajo. 182 2018 Letno poročilo · UniCredit Bank Regulatorni kapital za kreditno, tržno in operativno tveganje mora ustrezati kapitalski zahtevi. Uprava Banke redno spremlja kapitalsko ustreznost na konsolidirani osnovi, o kateri poroča Banki Slovenije vsake tri mesece. Banka Slovenije zahteva, da vse banke ohranijo stopnjo skupnega regulatornega kapitala (stopnja kapitalske ustreznosti), ki po mednarodnem dogovoru znaša najmanj 8 % tveganjem prilagojenih zneskov. Naslednji tabeli predstavljata kratek pregled sestave regulatornega kapitala in stopnjo kapitalske ustreznosti ob koncu leta 2018 in leta 2017. Količnik skupnega kapitala Skupine je padel iz 18,20 % ob koncu leta 2017 na 17,36 % ob koncu leta 2017. Količnik temeljnega kapitala Skupine se je zmanjšal iz 17,97 % ob koncu leta 2017 na 17,14 % ob koncu leta 2018. Skupina je skozi celotno opazovano obdobje izpolnjevala predpisane kapitalske zahteve s strani regulatorja in hkrati povečala varnost poslovanja. Izračun kapitala in kapitalske zahteve Skupine EUR 1.000 Oznaka Postavka 1 1.1 31. 12. 2018 31. 12. 2017 KAPITAL 232.154 217.165 TEMELJNI KAPITAL 229.197 214.396 1.1.1 NAVADNI LASTNIŠKI TEMELJNI KAPITAL 229.197 214.396 1.1.1.1 Kapitalski instrumenti, sprejemljivi kot navaden lastniški temeljni kapital 128.143 128.143 20.384 20.384 1.1.1.1.1 1.1.1.1.3 Vplačani osnovni kapital 107.760 107.760 Rezerve in zadržani dobiček ali izguba 19.070 17.901 1.1.1.2.1 Zadržani dobiček preteklih let 19.070 17.901 1.1.1.2.2 Priznan dobiček ali izguba - - 1.1.1.2.2.1 Dobiček ali izguba, ki pripada nadrejenim lastnikom 1.1.1.2.2.2 (-) Del dobičkov med letom ali čistih dobičkov poslovnega leta, ki ni priznan 1.1.1.2 Kapitalske rezerve 23.369 36.235 (23.369) (36.235) 1.1.1.3 Akumulirani drug vseobsegajoči donos 12.351 21.368 1.1.1.4 Druge rezerve 84.635 84.635 1.1.1.9 Prilagoditve navadnega lastniškega temeljnega kapitala zaradi bonitetnih filtrov (97) (100) (97) (100) (14.870) (15.754) - - (14) (8) (-) Presežek odbitka od postavk dodatnega temeljnega kapitala nad dodatnim temeljnim kapitalom - (3.152) 1.1.1.26 Druge prehodne prilagoditve navadnega lastniškega temeljnega kapitala - (14.489) 1.1.1.28 Sestavine ali odbitki navadnega lastniškega temeljnega kapitala - drugo (21) (4.149) 1.1.2.9 Druge prehodne prilagoditve dodatnega temeljnega kapitala - (3.152) 1.1.2.10 Presežek odbitka od postavk dodatnega temeljnega kapitala nad dodatnim temeljnim kapitalom (odbito v navadnem lastniškem temeljnem kapitalu) - 3.152 1.2 DODATNI KAPITAL 2.957 2.769 1.2.1 Kapitalski instrumenti in podrejeni dolgovi, sprejemljivi kot dodatni kapital - - 1.2.1.1 Vplačani kapitalski instrumenti in podrejeni dolgovi - - 1.2.1.1* Pojasnjevalna postavka: Kapitalski instrumenti in podrejeni dolgovi, ki niso sprejemljivi - - 1.2.5 Presežek rezervacij nad sprejemljivimi pričakovanimi izgubami v okviru pristopa IRB 2.957 2.771 1.2.10 Druge prehodne prilagoditve dodatnega kapitala - (2) 2 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM 1.336.916 1.192.952 2.1 ZNESKI TVEGANJU PRILAGOJENIH IZPOSTAVLJENOSTI ZA KREDITNO TVEGANJE, KREDITNO TVEGANJE NASPROTNE STRANKE IN TVEGANJE ZMANJŠANJA VREDNOSTI TER PROSTE IZROČITVE 1.237.653 1.089.189 2.1.1 Standardizirani pristop (SA) 744.763 627.396 1.1.1.9.5 (-) Prilagoditve vrednosti zaradi zahtev po preudarnem vrednotenju 1.1.1.11 (-) Druga neopredmetena sredstva 1.1.1.12 (-) Odložene terjatve za davek, ki se nanašajo na prihodnji dobiček in ne izhajajo iz začasnih razlik, zmanjšanih za povezane obveznosti za davek 1.1.1.13 (-) Primanjkljaj popravkov zaradi kreditnega tveganja glede na pričakovane izgube v okviru pristopa IRB 1.1.1.16 UniCredit Bank · 2018 Letno poročilo 183 Računovodski izkazi Banke in Skupine Bančna tveganja 2.1.1.1 Kategorije izpostavljenosti na podlagi standardiziranega pristopa brez pozicij v listinjenju 744.763 627.396 1.1.1.1.01 Izpostavljenosti do enot centralne ravni držav ali centralnih bank 9.580 9.109 2.1.1.1.02 Izpostavljenosti do enot regionalne ali lokalne ravni držav 21.359 24.356 2.1.1.1.03 Izpostavljenosti do subjektov javnega sektorja 36.252 7.827 2.1.1.1.06 Izpostavljenosti do institucij 2.1.1.1.07 464 728 Izpostavljenosti do podjetij 158.188 116.260 2.1.1.1.08 Izpostavljenosti na drobno 314.658 270.957 2.1.1.1.09 Izpostavljenosti, zavarovane s hipotekami na nepremičnine 153.458 159.083 2.1.1.1.10 Neplačane izpostavljenosti 27.798 29.060 2.1.1.1.11 Postavke, povezane z zelo visokim tveganjem 13.139 2.360 2.1.1.1.13 Terjatve do institucij in podjetij s kratkoročno bonitetno oceno 1.1.1.1.14 Kolektivni naložbeni podjemi (KNP) 2.1.1.1.15 Lastniški instrumenti 2.1.1.1.16 Druge postavke 6.543 4.395 2.1.2 Pristop na podlagi notranjih bonitetnih ocen (IRB) 492.890 461.793 2.1.2.1 Pristopi IRB, kadar se ne uporabljajo lastne ocene LGD ali konverzijski faktorji 480.342 452.154 2.1.2.1.02 Izpostavljenosti do institucij 80.171 62.525 2.1.2.1.03 Izpostavljenosti do podjetij - MSP 161.124 152.310 2.1.2.1.05 Izpostavljenosti do podjetij - Drugo 239.047 237.318 2.1.2.3 Lastniški instrumenti po pristopu IRB 4.491 2.844 2.1.2.4 Druga sredstva iz naslova nekreditnih obveznosti 8.057 6.795 2.2 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM PORAVNAVE/IZROČITVE - - 2.3 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM ZA POZICIJSKO IN VALUTNO TVEGANJE TER TVEGANJE SPREMEMBE CEN BLAGA 13.036 10.810 2.3.1 Znesek izpostavljenosti tveganjem za pozicijsko in valutno tveganje ter tveganje spremembe cen blaga, izračunan po standardiziranih pristopih 13.036 10.810 2.3.1.1 Dolžniški instrumenti, s katerimi se trguje na borzi 13.036 10.810 2.4 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM ZA OPERATIVNO TVEGANJE (OpR) 86.227 92.953 2.4.2 OpR standardizirani (STA)/alternativni standardizirani (ASA) pristop 13.312 15.636 2.4.3 OpR napredni pristopi za merjenje (AMA) 72.915 77.317 2.6 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM ZA PRILAGODITEV KREDITNEGA VREDNOTENJA - - 2.7 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM V ZVEZI Z VELIKIMI IZPOSTAVLJENOSTMI V TRGOVALNI KNJIGI - - 2.8 ZNESKI DRUGIH IZPOSTAVLJENOSTI TVEGANJEM - - 3 Presežek (+)/primanjkljaj (-) skupnega kapitala 125.201 121.729 3a Količnik skupnega kapitala 17,36 % 18,20 % 3b Količnik temeljnega kapitala 17,14 % 17,97 % 205 293 3.119 2.858 - 110 Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave 184 2018 Letno poročilo · UniCredit Bank Izračun kapitala in kapitalske zahteve Banke EUR 1.000 Oznaka Postavka 31. 12. 2018 31. 12. 2017 1 KAPITAL 215.943 200.391 1.1 TEMELJNI KAPITAL 211.822 197.621 1.1.1 NAVADNI LASTNIŠKI TEMELJNI KAPITAL 211.822 197.621 1.1.1.1 Kapitalski instrumenti, sprejemljivi kot navaden lastniški temeljni kapital 128.143 128.143 1.1.1.1.1 Vplačani kapitalski instrumenti 1.1.1.1.3 Vplačani presežek kapitala 1.1.1.2 20.384 20.384 107.760 107.760 Rezerve in zadržani dobiček ali izguba 1.746 37 1.1.1.2.1 Zadržani dobiček preteklih let 1.746 37 1.1.1.2.2 Priznan dobiček ali izguba 1.1.1.2.2.1 Dobiček ali izguba, ki pripada nadrejenim lastnikom 1.1.1.2.2.2 (-) Del dobičkov med letom ali čistih dobičkov poslovnega leta, ki ni priznan - - 20.614 38.341 (20.614) (38.341) 1.1.1.3 Akumulirani drug vseobsegajoči donos 12.351 21.368 1.1.1.4 Druge rezerve 84.635 84.635 1.1.1.9 Prilagoditve navadnega lastniškega temeljnega kapitala zaradi bonitetnih filtrov (97) (100) 1.1.1.9.5 (-) Prilagoditve vrednosti zaradi zahtev po preudarnem vrednotenju (97) (100) (14.549) (15.458) - - (14) (8) - (3.092) - (17.905) 1.1.1.11 (-) Druga neopredmetena sredstva 1.1.1.12 (-) Odložene terjatve za davek, ki se nanašajo na prihodnji dobiček in ne izhajajo iz začasnih razlik, zmanjšanih za povezane obveznosti za davek 1.1.1.13 (-) Primanjkljaj popravkov zaradi kreditnega tveganja glede na pričakovane izgube v okviru pristopa IRB 1.1.1.16 (-) Presežek odbitka od postavk dodatnega temeljnega kapitala nad dodatnim temeljnim kapitalom 1.1.1.26 Druge prehodne prilagoditve navadnega lastniškega temeljnega kapitala 1.1.1.28 Sestavine ali odbitki navadnega lastniškega temeljnega kapitala - drugo 1.1.2.9 (393) - Druge prehodne prilagoditve dodatnega temeljnega kapitala - (3.092) 1.1.2.10 Presežek odbitka od postavk dodatnega temeljnega kapitala nad dodatnim temeljnim kapitalom (odbito v navadnem lastniškem temeljnem kapitalu) - 3.092 1.2 DODATNI KAPITAL 4.121 2.770 1.2.1 Kapitalski instrumenti in podrejeni dolgovi, sprejemljivi kot dodatni kapital - - 1.2.1.1 Vplačani kapitalski instrumenti in podrejeni dolgovi - - 1.2.1.1* Pojasnjevalna postavka: Kapitalski instrumenti in podrejeni dolgovi, ki niso sprejemljivi - - 1.2.5 Presežek rezervacij nad sprejemljivimi pričakovanimi izgubami v okviru pristopa IRB 4.121 2.771 1.2.10 Druge prehodne prilagoditve dodatnega kapitala - (1) 2 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM 1.321.170 1.150.398 2.1 ZNESKI TVEGANJU PRILAGOJENIH IZPOSTAVLJENOSTI ZA KREDITNO TVEGANJE, KREDITNO TVEGANJE NASPROTNE STRANKE IN TVEGANJE ZMANJŠANJA VREDNOSTI TER PROSTE IZROČITVE 1.235.219 1.062.271 2.1.1 Standardizirani pristop (SA) 548.463 600.476 2.1.1.1 Kategorije izpostavljenosti na podlagi standardiziranega pristopa brez pozicij v listinjenju 548.463 600.476 1.1.1.1.01 Izpostavljenosti do enot centralne ravni držav ali centralnih bank 2.1.1.1.02 - - Izpostavljenosti do enot regionalne ali lokalne ravni držav 21.153 24.073 2.1.1.1.03 Izpostavljenosti do subjektov javnega sektorja 36.252 7.827 2.1.1.1.06 Izpostavljenosti do institucij 464 728 2.1.1.1.07 Izpostavljenosti do podjetij 34.313 154.781 2.1.1.1.08 Izpostavljenosti na drobno 285.548 239.192 2.1.1.1.09 Izpostavljenosti, zavarovane s hipotekami na nepremičnine 146.890 152.146 UniCredit Bank · 2018 Letno poročilo 185 Računovodski izkazi Banke in Skupine Bančna tveganja 2.1.1.1.10 Neplačane izpostavljenosti 14.476 16.108 2.1.1.1.11 Postavke, povezane z zelo visokim tveganjem 2.1.1.1.13 Terjatve do institucij in podjetij s kratkoročno bonitetno oceno 6.043 2.360 205 293 1.1.1.1.14 Kolektivni naložbeni podjemi (KNP) 2.1.1.1.15 Lastniški instrumenti 3.119 2.858 - 2.1.1.1.16 Druge postavke 110 - - 2.1.2 2.1.2.1 Pristop na podlagi notranjih bonitetnih ocen (IRB) 686.755 461.795 Pristopi IRB, kadar se ne uporabljajo lastne ocene LGD ali konverzijski faktorji 674.207 452.156 2.1.2.1.02 Izpostavljenosti do institucij 80.171 62.525 2.1.2.1.03 Izpostavljenosti do podjetij - MSP 161.124 152.310 2.1.2.1.05 Izpostavljenosti do podjetij - Drugo 432.912 237.320 2.1.2.3 Lastniški instrumenti po pristopu IRB 4.491 2.844 2.1.2.4 Druga sredstva iz naslova nekreditnih obveznosti 8.057 6.795 2.2 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM PORAVNAVE/IZROČITVE - - 2.3 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM ZA POZICIJSKO IN VALUTNO TVEGANJE TER TVEGANJE SPREMEMBE CEN BLAGA 13.036 10.810 2.3.1 Znesek izpostavljenosti tveganjem za pozicijsko in valutno tveganje ter tveganje spremembe cen blaga, izračunan po standardiziranih pristopih 13.036 10.810 2.3.1.1 Dolžniški instrumenti, s katerimi se trguje na borzi 13.036 10.810 2.4 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM ZA OPERATIVNO TVEGANJE (OpR) 72.915 77.317 2.4.2 OpR standardizirani (STA)/alternativni standardizirani (ASA) pristop 2.4.3 OpR napredni pristopi za merjenje (AMA) 2.6 - - 72.915 77.317 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM ZA PRILAGODITEV KREDITNEGA VREDNOTENJA - - 2.7 ZNESEK SKUPNE IZPOSTAVLJENOSTI TVEGANJEM V ZVEZI Z VELIKIMI IZPOSTAVLJENOSTMI V TRGOVALNI KNJIGI - - 2.8 ZNESKI DRUGIH IZPOSTAVLJENOSTI TVEGANJEM - - 3 Presežek (+)/primanjkljaj (-) skupnega kapitala 110.249 108.359 3a Količnik skupnega kapitala 16,34 % 17,42 % 3b Količnik temeljnega kapitala 16,03 % 17,18 % Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Predsednik uprave Članica uprave Član uprave Član uprave Članica uprave 186 2018 Letno poročilo · UniCredit Bank Ena banka, ena UniCredit. Naša strategija je jasna in dolgoročna. Matično skupino UniCredit preoblikujemo z namenom, da bi za obsežno bazo naših strank postali banka prihodnosti. Vse delamo z namenom, da UniCredit postane resnična vseevropska zmagovalka. UniCredit Bank · 2018 Letno poročilo 187 Introduction of the Bank and the Group Financial Indicators Bank 2018 Group 2017 2016 2018 2017 2016 Statement of Financial Position (EUR '000) Volume of assets 2,655,502 2,705,870 2,571,213 2,708,448 2,759,685 2,642,950 Deposits at amortized cost, customers 1,922,621 1,957,535 1,754,696 1,919,950 1,950,780 1,753,418 1,231,430 1,367,969 1,173,419 1,228,759 1,361,214 1,172,141 691,191 589,566 581,277 691,191 589,566 581,277 1,924,380 1,807,528 1,745,593 1,966,981 1,850,488 1,801,272 1,156,205 1,081,747 1,023,596 1,184,752 1,113,285 1,070,569 768,175 725,781 721,997 782,229 737,203 730,703 251,458 277,244 245,776 271,537 293,003 263,641 Deposits, legal and other entities Deposits, private customers Loans at amortized cost, customers Loans, legal and other entities Loans, private customers Equity Impairments, other adjustments for credit risk and provisions Off-balance sheet items 72,080 68,235 106,801 88,490 87,018 121,385 3,183,700 2,814,095 3,954,899 3,183,700 2,814,095 3,954,899 Statement of Income (EUR '000) Net interest income 45,193 43,293 41,938 49,686 46,816 45,090 Net non-interest income 30,597 21,142 31,265 30,973 21,886 33,362 (36,245) (36,866) (34,028) (37,332) (38,080) (35,349) Staff costs and other administrative costs Depreciation (5,098) (5,170) (5,722) (5,769) (5,937) (6,893) Impairments and provisions (9,560) 24,317 (17,997) (8,819) 19,127 (15,362) Net income before taxes 24,887 46,716 15,456 28,739 43,812 20,848 Corporate income tax (4,273) (8,375) (1,592) (5,371) (7,577) (3,056) Statement of Other Comprehensive Income (EUR '000) Other compehensive income before tax Income tax on other comprehensive income (11,713) 8,649 6,703 (11,713) 8,649 6,703 2,229 (1,642) (1,603) 2,229 (1,642) (1,603) 564 549 545 575 568 561 Employees Number of employees on 31 December Shares Number of shareholders Nominal value (EUR) Book value (EUR) Number of shares 1 1 1 1 1 1 4.17 4.17 4.17 4.17 4.17 4.17 51.44 56.72 50.28 55.55 59.94 53.93 4,888,193 4,888,193 4,888,193 4,888,193 4,888,193 4,888,193 Equity Common Equity Tier 1 ratio (CET1) 16.0 % 17.2 % 15.4 % 17.2 % 17.8 % 15.8 % Tier 1 ratio 16.0 % 17.2 % 15.4 % 17.2 % 17.8 % 15.8 % Capital adequacy ratio (CAR) 16.3 % 17.4 % 15.6 % 17.4 % 18.0 % 16.1 % 2.7 % 3.6 % 5.2 % 3.5 % 4.5 % 6.3 % 3.8 % 4.9 % 7.9 % 5.0 % 6.1 % 9.5 % 66.8 % 55.4 % 61.4 % 63.8 % 50.1 % 56.9 % 3.0 % 11.8 % 20.5 % (5.3 %) (48.1 %) (77.9 %) Assets Quality and Commitments Non-performing (on-balance sheet and off-balance sheet) exposures / Sorted assets and sorted off-balance sheet positions Non-performing loans and other financial assets / sorted loans and other financial assets Impairments, other adjustments for credit risk and provisions / Nonperforming exposures Collateral received / Non-performing exposures Profitability Interest margin 1.7 % 1.7 % 1.6 % 1.9 % 1.8 % 1.7 % Margin of financial brokerage 2.9 % 2.5 % 2.8 % 3.1 % 2.6 % 2.9 % Return on assets after taxes 0.8 % 1.5 % 0.5 % 0.9 % 1.4 % 0.7 % Return on equity before taxes 9.7 % 18.4 % 6.2 % 10.5 % 16.1 % 7.9 % Return on equity after taxes 8.1 % 15.1 % 5.6 % 8.5 % 13.3 % 6.7 % 1.6 % 1.6 % 1.5 % 1.6 % 1.7 % 1.6 % 218.8 % 389 194 175 Operating costs Operating costs / average assets volume Liquidity Liquidity coverage ratio 181.5 % 207.4 % Liquidity buffer (EUR '000) 485,074 597,921 563,125 Net liquidity outflow (EUR '000) 269,175 290,356 270,768 389 194 175 Public subsidies received (EUR '000) UniCredit Bank · Translation of 2018 Annual Report 191 Chief Executive Officer's Message are focused on We sustainable business growth, based on ethics and respect, to ensure UniCredit remains a pan-European winner. Jean Pierre Mustier Chief Executive Officer Dear Shareholders, Thank you for your valuable, ongoing support. We have closed a second, successful year of our Transform 2019 strategic plan. UniCredit is a solid bank with strong capital ratios and an unstinting focus on value creation for all of its stakeholders through innovative commercial actions, digital transformation, enhanced risk management, transparent corporate governance and key social impact banking initiatives – based on ethics and respect. For us this means doing the right thing. 192 Translation of 2018 Annual Report · UniCredit Bank As the banking industry continues to evolve, UniCredit will stay focused on "what matters" – the changing needs of our customers – to protect the value of our business and ensure sustainability. Our strategy is One Bank, One UniCredit: we are and will remain a simple, successful, pan European commercial bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to our extensive and growing client franchise. The combined energy, commitment and hard work of all UniCredit team members is what allows us to deliver tangible results. We confirm our Transform 2019 targets: net profit target of 4.7 billion Euro and a RoTE of above 9 per cent, with our Group Core RoTE above 10 per cent. We will maintain a strong capital position by generating solid profits and ensure we have a comfortable MDA buffer. Our CET1 capital ratio is fully loaded and compliant with all regulatory requirements. The UniCredit Group fared well in the EBA stress test results, with one of the highest CET1 ratios compared to Eurozone peers. In terms of asset quality, we have decisively continued to de-risk our balance sheet, completing the final phase of Project FINO. Our disciplined risk management strategy is ensuring improved asset quality as well as high quality origination across the Group. We are fully on track for the accelerated rundown of our Non Core portfolio, brought forward by four years to 2021. environment and experience, to continue to attract the right people. This begins with an even more energised leadership team, and a changed leadership structure, that will bring this new strategy to fruition. We will keep working hard to ensure that UniCredit remains a true pan-European winner. Sincerely, Jean Pierre Mustier Chief Executive Officer UniCredit S.p.A. We are leveraging on digitalisation to transform our operating model, with an improved cost reduction. We will continue to enhance the customer experience through simpler processes, ensuring greater efficiency and effectiveness. We continue to maximise commercial bank value thanks to a renewed and dynamic focus on our clients, pursuing a multichannel strategy with best-in-class products and services. Our CIB is fully plugged into the Group’s strong commercial banking and focused on supporting the real economy. Finally, I extend a warm welcome to Fabrizio Saccomanni, our new Chairman. Fabrizio's significant experience in international monetary and financial cooperation, particularly in terms of supervisory and regulatory knowhow, brings great value to our Group. Together we have started to actively prepare for the next strategic cycle. We will focus on the development of our business activities and the continued optimisation of our processes, while providing all colleagues with a best in class work UniCredit Bank · Translation of 2018 Annual Report 193 Title 01 Statement by the Chairman of the Management Board UniCredit Banka For Slovenija d.d., 2018 will be remembered as a successful year in terms of growth and profitability as well as a year marked by our focus on client experience, digitization and customer satisfaction. Stefan Vavti Chairman of the Management Board Dear ladies and gentlemen, esteemed business partners, The year 2018 was characterized by a strong economic activity of the Slovenian economy, which continued growing by 4.3 % year on year, whereby all components of GDP were contributing. We expect this positive macro-economic environment to be a bit weaker during 2019 but still remain above 3 %, mainly driven by internal demand and a smaller contribution by exports as in the past. Demand for corporate services, in particular loans, continued its growth year on year. The trend has been in place since 2017, when a long period of contraction has ended. The expansion from previous 194 Translation of 2018 Annual Report · UniCredit Bank years continued in the segment of retail banking as well. Demand was supported by continued historically low nominal interest rates and a further improvement of customer sentiment indicators. For UniCredit Banka Slovenija d.d. and its subsidiary UniCredit Leasing, d.o.o. was successful both in terms of financial performance and business development. Consolidated profit in 2018 decreased after a record year in 2017 but still reached the second highest value in the last ten years. Profit before tax amounted to 28.7 million euros. The return on equity amounted to 10.5 %. Such an outcome is the result of our organic business development efforts as well as some material one-off events, such as debt restructurings and refinancing efforts of nonperforming exposures in the past. At the end of 2018, the capital adequacy ratio (CET1) amounted to 17.36 %, despite the payment of dividends to shareholders in the total amount of 36.3 million euros. Our high capital adequacy ratio represents a good basis for further organic growth in 2019 and beyond, and a positive signal to the market and our existing and potential customers. We continued our prudent approach to cost management, although the Bank selectively invested in partnership cooperation (B2C level). UniCredit Leasing d.o.o. performed particularly well in 2018, achieving an increase in market share and profitability. Our operations have largely focused on customer business. Despite persistent negative reference interest rates in EUR, we managed to increase our net interest income above the growth rates of the market. Our Bank continues to focus on the digital transformation, which we successfully started years ago. At the same time, we will continue investing and upgrading the quality of our services, which we define as a long-term driver of our customer satisfaction. Client experience and satisfaction of our customers have become part of our DNA. We estimate that this is a key factor of success, which will enable our organic growth going forward. We continue to strengthen our efforts to provide customers with both, a multi-channel digital and a conventional personal contact approach, as we are aware that the relationship with the customer is still one of the most important differentiating factors, which is regularly being confirmed by surveys of independent research agencies. Our customers appreciate our friendliness, professionalism and living up to promises, which puts us ahead of competition and confirms our efforts in preserving our advantage to the market. Slovenia for the fifth time in a row, according to the Global Finance magazine. We are aware of our responsibility towards society and the wider environment in which we operate. In 2018, we continued to provide sponsorships to support selected cultural, business and educational events in order to promote cohesion and a sense of social commitment. We are supporting primarily underprivileged children and adolescents by making donations and organizing collections for children from disadvantaged backgrounds. For the 13th consecutive year, we supported humanitarian and socially beneficial projects by making a considerable New Year’s donation, for which our customers voted online. In addition to the "Botrstvo" project, which operates under the auspices of the Friends of Youth Association of Ljubljana Moste Polje, our New Year's donation was in 2018 also granted to the "Rdeči Noski" (Red Noses) Association and the Hospic Ljubljana Institute. Throughout the years, our employees have consistently shown special sympathies to charity and gave up New Year's gifts to give funds to an underprivileged family under the auspices of the "Botrstvo" project. However, we would have not achieved such successes without you, our valued customers. We also sincerely thank our esteemed employees and our shareholder for their ongoing trust and contributions. On behalf of the Management Board, Stefan Vavti Chairman of the Management Board UniCredit Banka Slovenija d.d. In the past year, we again received numerous awards as part of our parent group UniCredit, we have also been selected as the best sub-custodian bank in UniCredit Bank · Translation of 2018 Annual Report 195 Ethics and respect: Do the right thing! UniCredit’s Board and Senior Management consider that the way in which results are achieved is as important as the actual results. Therefore, the following Group Principles1 should guide all employees’ decisions and behaviors irrespective of seniority, responsibility and geographical area: “Ethics and respect: Do the right thing!” Group Principles are designed to help all UniCredit employees, to guide their decision-making and their behaviours towards all stakeholders in their day to day activities. In particular, such Principles require: • compliance with the highest ethics standards - beyond banking regulation and beyond the law in relationships with clients, colleagues, environment, shareholders and any other stakeholders; • fostering a respectful, harmonious and productive workplace; to best protect the Bank, its reputation and to be an employer and a counterparty of choice. Group Principles underpin a set of core guidelines that further clarify expectations about the way to work as One Team, One UniCredit and support employees in the fulfillment of UniCredit Five Fundamentals. The spirit of each of these principles is extremely important and it will be the subject of more detailed policies that will be developed or updated in the coming months. Group principles in day to day activities • Ethics as a guiding principle of fairness and respect towards all stakeholders in order to achieve sustainable results. UniCredit colleagues, irrespective of seniority, responsibility and geographical area, are expected to do the right thing in their daily activities and to be fair towards all stakeholders to gain and retain their trust. • “Ethics and respect” is a guiding principle which applies to all Group policies. The “Ethics and respect” principle is based on a long term view of the Group business activities and relationships with stakeholders as well as a comprehensive view of the internal and external working environment. Business policies require care to ensure that responsible sales approach work in harmony with balanced, fair and respectful customer interactions, enabling the achievement of sustainable business success and long-term targets. Targets and other business results are not considered achieved if they are not met in compliance with the Group Principles, related policies and the requirements that flow from them. • “Ethics and respect” is a guiding principle for interactions amongst all Group employees. UniCredit colleagues are expected to contribute in their daily activities toward creating and maintaining a work environment that is as respectful and harmonious as possible, eliminating intimidating, hostile, degrading, humiliating or offensive behaviors and words. UniCredit must contribute to assuring the respect for the rights, value and dignity of people and the environment. All forms of harassment, bullying and sexual misconduct are unacceptable. 196 Translation of 2018 Annual Report · UniCredit Bank • “Ethics and respect” is a guiding principle for the promotion of diversity and work life balance which are considered valuable assets. UniCredit colleagues are expected to assure a workplace where all kinds of diversity (e.g. age, race, nationality, political opinions, religion, gender, sexual orientation) are not only respected, but also proactively promoted as well as to contribute to an environment in which respect for, and attention to, colleagues’ needs, health, work-life balance and well being are deemed essential to achieving sustainable results. • “Ethics and respect” is a guiding principle underpinning the reinforcement of a “Speak-up culture” and anti-retaliation protection. UniCredit is firmly committed to promoting an environment in which colleagues and third parties feel comfortable engaging in open and honest communication. UniCredit encourages colleagues and third parties to speak up and raise promptly good-faith concerns without fear of retaliation relating to any situation that may involve unethical or illegal conduct or inappropriate interactions with others. 1 Which substitute the former group values. UniCredit Bank · Translation of 2018 Annual Report 197 Introduction of the Bank and the Group About UniCredit Banka Slovenija d.d. Headquarters: Šmartinska 140 SI - 1000 Ljubljana Slovenia Telephone: Toll-free telephone number: Fax: + 386 (0)1 5876 600 080 88 00 + 386 (0)1 5876 684 Website: E-mail: www.unicreditbank.si info@unicreditgroup.si Main activity: Other monetary intermediation Activity code: K/64.190 Established in: 1991 Chairman of the Supervisory Board: Marco Lotteri The Bank is legally registered: with the District Court in Ljubljana under Reg. No.: 1/10521/00 Share capital: Reg. no.: 20,383,764.81 EUR 5446546000 VAT ID no.: SI 59622806 Transaction account opened at UniCredit Banka Slovenija d.d.: SI56 2900 0190 0030 037 Swift: BACXSI22 Note: Within the Annual Report the following terms mean the Group = UniCredit Banka Slovenija d.d. as a parent company and UniCredit Leasing, d.o.o. as a subsidiary the parent group UniCredit = international UniCredit 198 Translation of 2018 Annual Report · UniCredit Bank About UniCredit Leasing, leasing, d.o.o. Headquarters: Telephone: Fax: Šmartinska 140 SI-1000 Ljubljana Slovenia + 386 1 6010 000 + 386 1 5206 035 Website: www.unicreditleasing.si E-mail: office@unicreditleasing.si Main activity: Financial leasing Activity code: K/64.910 Established in: 2001 Director: Legally registered: Igor Živanović with the District Court in Ljubljana under Reg. No. 061/13475200 Share capital: 25,039,658.00 EUR Reg. no.: 1628852000 VAT ID no: SI23445033 Transaction account opened with UniCredit Banka Slovenija d.d.: SI56 2900 0005 5064 332 Swift: BACXSI22 UniCredit Bank · Translation of 2018 Annual Report 199 Introduction of the Bank and the Group Governing Bodies of UniCredit Banka Slovenija d.d. Management Board Name Function Beginning of term of office Termination of term of office Stefan Vavti Chairman 17 July 2012 n.a. Damijan Dolinar Member 5 July 2011 n.a. Alessandro Pontoglio Member 14 March 2017 n.a. Lea Branecka Member 5 June 2018 n.a. Ivanka Prezhdarova Member 17 August 2018 n.a. Sergio Marino Member 17 February 2016 31 October 2018 Name Function Beginning of term of office Termination of term of office Marco Lotteri Chairman 3 May 2017 n.a. Helmut Franz Haller Member 4 April 2017 n.a. Franco Andreetta Member 9 February 2009 n.a. Laura Kristina Orlić Member 4 April 2017 n.a. Pasquale Giamboi Member 20 February 2018 n.a. Name Function Beginning of term of office Termination of term of office Marco Lotteri Chairman 18 October 2017 20 February 2018 Pasquale Giamboi Chairman 21 February 2018 n.a. Franco Andreetta Member 3 May 2010 n.a. Helmut Franz Haller Member 3 May 2017 n.a. Name Function Beginning of term of office Termination of term of office Marco Lotteri Chairman 28 July 2016 n.a. Helmut Franz Haller Member 3 May 2017 n.a. Pasquale Giamboi Member 21 February 2018 n.a. Supervisory Board Audit Committee Risk Committee Nomination Committee Name Function Beginning of term of office Termination of term of office Helmut Franz Haller Chairman 3 May 2017 n.a. Marco Lotteri Member 28 July 2016 n.a. Laura Kristina Orlić Member 3 May 2017 n.a. Remuneration Committee Name Function Beginning of term of office Termination of term of office Laura Kristina Orlić Chairman 3 May 2017 n.a. Marco Lotteri Member 28 July 2016 n.a. Franco Andreetta Member 3 May 2017 n.a. 200 Translation of 2018 Annual Report · UniCredit Bank Introduction of the Bank and the Group Governing Bodies of UniCredit Leasing, leasing, d.o.o. Management Name Function Beginning of term of office Termination of term of office Igor Živanović Director 1 January 2016 n.a. UniCredit Bank · Translation of 2018 Annual Report 201 Introduction of the Bank and the Group Organizational Structure of the Bank Internal Audit Audit Committee SUPERVISORY BOARD M A N A G E M E N T Member of the Management Board Head of division Corporate and Investment Banking Chairman of Management Board CEO Head of division Global Banking Services Human Resources Identity and Communications Legal Compliance Anti Money Laundering Security Leasing Sales Complaint Management Commercial Strategy and Planning Information Communication Technology Large Clients Organization and Logistics International Center Operations Financing Mid Market Markets Financial Institutions Global Transaction Banking Corporate Finance Advisory 202 Translation of 2018 Annual Report · UniCredit Bank B O A R D Member of the Management Board Head of division Retail Member of the Management Board Head of division Finance CFO Member of the Management Board Head of division Risk Management Sales Network Accounting Internal validation Digital, Innovation & Partnerships Planning, Controlling and Regulatory Reporting Risk Integration, Policies and Processes Asset and Liability Management Credit Operations Customer Experience Steering and Products Private Banking Special Credit Market and Operational Risk Portfolio Credit Risk Management Legend: Division Department Unit Team Technical structure Functional reporting line UniCredit Bank · Translation of 2018 Annual Report 203 Introduction of the Bank and the Group Branch Network Headquarters Branch and CIB Relationship Manager Branch Headquarters Šmartinska 140 SI - 1000 Ljubljana +386 (0)1 5876 600 Branch Ljubljana BTC Šmartinska 140 SI - 1000 Ljubljana +386 (0)1 5876 600 Agency Ljubljana Bežigrad Dunajska cesta 47 SI - 1000 Ljubljana +386 (0)1 2528 430 Branch Ljubljana Celovška Celovška 150 SI - 1000 Ljubljana +386 (0)1 5000 546 Branch Ljubljana Rudnik Jurčkova cesta 231 SI - 1000 Ljubljana +386 (0)1 2836 000 Branch Ljubljana Tržaška Tržaška 19 SI - 1000 Ljubljana +386 (0)1 2410 364 Branch Ljubljana Wolfova Wolfova 1 SI - 1000 Ljubljana +386 (0)1 5876 472 Branch Celje Prešernova 8 SI - 3000 Celje +386 (0)3 4252 479 Branch Kamnik Ljubljanska cesta 4b SI - 1241 Kamnik +386 (0)1 8396 500 Branch Koper Pristaniška 12 SI - 6000 Koper +386 (0)5 6101 010 Branch Kranj Na skali 1 SI - 4000 Kranj +386 (0)4 2018 180 Branch Krško Ulica 11. novembra 53 SI - 8273 Leskovec pri Krškem +386 (0)7 6006 070 204 Translation of 2018 Annual Report · UniCredit Bank Agency Lucija Obala 112 SI - 6320 Portorož +386 (0)5 6006 080 Branch Maribor Ulica škofa Maksimilijana Držečnika 6 SI - 2000 Maribor +386 (0)2 2285 320 Agency Maribor Magdalena Žolgarjeva ulica 19 SI - 2000 Maribor +386 (0)2 6005 650 Branch Murska Sobota Trg zmage 5 SI - 9000 Murska Sobota +386 (0)2 5341 440 Branch Nova Gorica Tolminskih puntarjev 2b SI - 5000 Nova Gorica +386 (0)5 3383 140 Branch Novo mesto Glavni trg 20 SI - 8000 Novo mesto +386 (0)7 3737 400 Branch Ptuj Ulica heroja Lacka 1 SI - 2250 Ptuj +386 (0)2 7980 340 Branch Radovljica Gorenjska cesta 24 SI - 4240 Radovljica +386 (0)4 5971 630 Agency Sežana Partizanska 37a SI - 6210 Sežana +386 (0)5 7314 589 Agency Šenčur Poslovna cona A 2 SI - 4208 Šenčur pri Kranju +386 (0)4 6002 160 Agency Šentjur Cesta Leona Dobrotinška 3 SI - 3230 Šentjur pri Celju +386 (0)3 6005 680 Branch Trbovlje Ulica 1. junija 2 SI - 1420 Trbovlje +386 (0)3 5612 565 Branch Velenje Šaleška 20a SI - 3320 Velenje +386 (0)3 8987 300 UniCredit Bank · Translation of 2018 Annual Report 205 Introduction of the Bank and the Group Events that Marked the Year 2018 JANUARY Euromoney Conference in Vienna The parent group UniCredit was one of the main sponsors of the 23rd Euromoney conference, which brings together the financial elite of the CEE region. At the invitation of UniCredit Banka Slovenija d.d., the event was also attended by selected representatives of the business community and the media from Slovenia. MAY The Best Securities Services Provider in Slovenia For the fifth consecutive year, UniCredit Banka Slovenija d.d. was recognized as the best subcostodian in Slovenia by the financial magazine Global Finance. Additionally, the parent group UniCredit has received recognition for its operations in the CEE region for the 10th consecutive year. Agile Project Management The agile work methodology, the main advantage of which are shorter product development times, is revolutionizing the traditional way of conducting business. With our customers in mind, here at UniCredit Banka Slovenija d.d., we have established a permanent work group to focus on the digitization of services in retail banking. JUNE The End of Our UEFA Champions League Sponsorship After ten seasons, the parent group UniCredit has ended its sponsorship of the UEFA Champions League, one of the most popular international club-level football competitions. FEBRUARY Italian-Slovenian Forum UniCredit Banka Slovenija d.d. participated in the sixth business meeting, attended by over 120 business people and other representatives of the economy, science, research and development and other fields of cooperation between the two countries each year. The theme of this year’s meeting was the impact of science and innovation on economic growth and prosperity. NeoRealismo: The New Image in Italy 1932-1960 The Bank sponsored a photography exhibition hosted by the National Gallery in Ljubljana. Italian photographers have captured a period, marked by a stark contrast between the immeasurable poverty in the early years after the war and the gradual economic growth of the Italian society. APRIL Traditional Financial Breakfast Notable representatives of successful Slovenian companies discussed ways to support development through balanced economic, social and environmental activities in order to create conditions and opportunities for us and for future generations. Purchase of receivables In response to the question of how to meet the need for working capital in today’s fast-growing economic environment and despite the practice of long payment periods, UniCredit Banka Slovenija d.d. has developed an application for purchase of receivables. Those who took part in the educational event heard first-hand the experiences of our customers who are already using our Purchase of receivables application. New Premises for Our Ptuj Branch On its 15th anniversary, our Ptuj branch was moved to its new, well-lit and more spacious business premises located in the centre of Ptuj. 206 Translation of 2018 Annual Report · UniCredit Bank AUGUST School Supply Drive for Socially Disadvantaged Children Before the beginning of the new school year, the employees of UniCredit Banka Slovenija d.d. participated in our traditional school supply drive for children from socially disadvantaged families under the auspices of the Association of Friends of Youth Ljubljana MostePolje. Visit by the La Scala Philharmonic Orchestra from Milan During the 66th edition of the Ljubljana Festival, Slovenia’s capital was visited by the La Scala Philharmonic Orchestra, whose proud sponsor is the parent group UniCredit. SEPTEMBER Management Congress The Bank contributed to the development of the Slovenian management and to competitiveness of our economy through its sponsorship of the Management Congress, which is an event organized by the Managers' Association. The event took place in Portorož and was attended by more than 350 managers who proved that cooperation is the fuel for future success. Izvozniki.si – a Project Dedicated to the Promotion of Slovenian Exports and Exporters Export is of utmost importance for Slovenia, which is why, for the 5th year in a row, UniCredit Banka Slovenija d.d. has been one of the supporters of the project Izvozniki.si, led by the Finance magazine. LinkedIn Profile UniCredit Banka Slovenija d.d. now has a profile on the businessoriented social network LinkedIn, where we will be sharing success stories, launching digital products, networking, publishing financial results and more. NOVEMBER UniCredit Bank Financial Days In autumn we organized traditional educational and networking event – UniCredit Bank Financial Days. The participants to this year’s event learned how successful companies are adapting to changes in the market, what kind of changes they are introducing into their own operations, and how successful they are at spreading their transformation culture among their employees. DECEMBER Managers’ Concert In 2018, UniCredit Banka Slovenija d.d. once again supported the Managers’ Concert, the main donor event for talented musicians, which for 26 years has been attended by the managers of the most important Slovenian companies, politicians and numerous ambassadors. A festive atmosphere was created by the RTV Slovenia Symphony Orchestra under the baton of conductor George Pehlivanian, as well as soloists, trumpeter Leon Pokerznik, violinist Nikola Pajanović and pianists Urban Stanič and Natalia Sokolovskaya. New Year's Donation UniCredit Banka Slovenija d.d. ended the year with donations to the Botrstvo program, the Rdeči noski society and to the Hospic Institute Ljubljana, which brightened their holidays and will make it easier for them to do their important work in 2019. UniCredit Bank · Translation of 2018 Annual Report 207 Introduction of the Bank and the Group Corporate Governance Statement For the purpose of achieving a high level of governance transparency and based on the exception under point 2 of paragraph 5, Article 70 of the Companies Act, UniCredit Banka Slovenija d.d. provides, as a part of the Annual report, the following STATEMENT ON INTERNAL GOVERNANCE ARRANGEMENTS UniCredit Banka Slovenija d.d. implements the internal governance arrangements, including corporate governance, in accordance with the legislation applicable in the Republic of Slovenia, while also taking into account their internal regulations. In doing so, UniCredit Banka Slovenija d.d. fully respects the acts referred to in the second paragraph of Article 9 of the Banking Act1. In order to strengthen internal governance arrangements, we particularly take into account in our operations: 1. The provisions of the applicable Banking Act which define the internal governance arrangements, in particular the provisions of Chapter 3.4 (Governance System of a Bank), and Chapter 6 (Internal Governance Arrangements and Internal Capital Adequacy), in the part of the requirements that apply to a bank/savings bank or the members of the governing body, 2. The Regulation on Internal Governance Arrangements, the Governing Body and the Internal Capital Adequacy Assessment Process for Banks and Savings Banks2 and 3. EBA guidelines governing the internal governance, assessment of the suitability of the members of the Governing Body and key function holders, and remuneration policies and practices, based on the relevant regulations of the Bank of Slovenia on the application of these guidelines3. At the same time, we strive to take into account, to the greatest extent possible, the non-binding recommendations contained in the the Bank of Slovenia’s letter (code 38.20-0288/15-TR of 23 October 2015). Regarding the representation in management and supervisory bodies, UniCredit Banka Slovenija d.d. has implemented the Global policy on gender equality of the parent group UniCredit. The policy defines principles and guidelines for HR-related procedures and practices, which stimulate gender-balanced leadership structures. 1 2 3 Explanations in accordance with the Companies Act Based on paragraph 5, Article 70 of ZGD-1 defining minimum content of the Corporate Governance Statement, the Bank provides the following explanations: a) Description of key characteristics of internal control systems and risk management systems within company in relation to the accounting reporting procedure Internal controls ensure adequate management of the following: risks, accounting, internal and external financial-accounting reporting as well as legal and faultless operations of the Bank in terms of business ethics. Internal controls are established in processes and organizational units on all organizational levels of the Bank's and Group's operations. The Bank observes the provisions of the Companies Act and of the Banking Act, which, inter alia, determine that the Bank shall be obliged to establish an effective system of internal controls and risk management at all levels of the Bank's organizational structure. Field specific regulations in this area are also published by the Bank of Slovenia as a supervisory body for banks. The Bank follows the published legislative provisions and takes them into consideration. The Bank ensures that its business goals, strategies and policies are adequately aligned with the strategy and policies for identifying, measuring or assessing, managing and monitoring risks to which it is or it could be expose during its operations. The operations are organized so that it keeps books, business documentation and other administrative evidences accurately and in a systematic manner, so that it can be validated at any time whether it operates in line with the risk management rules. Every year, an external audit which audits the Bank’s annual report verifies the compliance of the system of internal controls and risk management at the Bank with the banking rules. The Bank has established and maintains a multi-level system of internal controls, composed of daily / operational controls and periodical controls, where constant and managerial supervisions are also included. In line with the Bank’s two-tier management system, the Supervisory Board provides also the consent for the organization of the internal control system and for the framework annual program of the Internal Audit work. The Banking Act, (Official Gazette of the RS No. 25/15, 44/16 – ZRPPB, 77/16 – ZCKR and 41/17; Regulation of the Bank of Slovenia on Internal Governance Arrangements, the Governing Body and the Internal Capital Adequacy Assessment Process for Banks and Savings Banks, Official Gazette of the RS, No. 73/15, 49/16, 68/17, 33/18 and 81/81); https://www.bsi.si/en/financial-stability/regulation/seznam-predpisov/ureditev-notranjega-upravljanja 208 Translation of 2018 Annual Report · UniCredit Bank With the established controls, the Bank decreases risks of inadequate or incorrect accounting reporting. The Bank regularly monitors and assesses the control process and control mechanisms. Risks in the area of accounting reporting are managed with the following: adequate system of authorizations, delimitation of duties, consideration of accounting rules, documenting of all business events, custody system, booking on the day of occurrence of business event, built-in control mechanisms in safe applications and archiving in line with the legislation and internal rules. Internal accounting policy precisely defines primary accounting controlling, which is mostly carried out in analytical bookkeeping, and secondary accounting controlling whose aim is to verify the effectiveness of the implementation of primary accounting controls. With effective control mechanism in the area of accounting reporting, the Bank ensures the following: • Reliable system of support to operations and decision-making, • Accurate, complete and timely accounting data and consequently accounting and other reports of the bank, • Compliance with legislative provisions. Internal controls are conducted at three levels. The first level controls are conducted in sales and/or back offices where entries are created. The accuracy of entries is ensured on a daily basis by the foureye principle which is integrated into the processes. Second-level controls are carried out in the Accounting unit. The general ledger and subsidiary ledgers are harmonized on a daily basis through the control mechanisms as well as the accounting accuracy itself of entries. On a monthly basis, the balance of items on suspense accounts is additionally monitored (how old the items are, reasons for them, anticipated measures). The content of accounting reporting itself is prescribed by the Bank’s accounting policy as well as by the Group’s Accounting policy). The accounting reporting processes are listed in the Saving Law processes, the purpose of which is to ensure the reporting accuracy. The Saving Law processes list the processes, define controls and their frequency for each individual process and define the way of testing controls. The implementation of controls is semi-annual. The evidencing of implementation of controls is required. The Internal Audit performs audit reviews of the accounting reporting processes based on risk assessment and in line with the audit methodology of the parent group UniCredit. b) Data from points 3, 4, 6, and 9 of paragraph 6, Article 70 of ZGD-1 The Bank’s share capital amounts to 20,383,764.81 EUR and it is divided into 4,888,193 pieces of ordinary non-par-value shares, with the same share and corresponding amount in the share capital, namely: a) 1,300,000 non-par-value shares with the label BAS7R; b) 1,200,280 non-par-value shares with the label BAS6R; c) 2,210,693 non-par-value shares with the label BAS1R and d) 177,220 non-par-value shares with the label BASR. Each non-par-value share entitles its holder to one vote when concluding decisions at the Bank's General Meeting of Shareholders, to share in profit (dividend) and to appropriate share in remaining assets after the Bank's liquidation or bankruptcy. According to ZGD-1, the shareholders have a priority right to enter new shares in proportion to their shares in the share capital. A prior permission of the Bank’s Supervisory Board is required for the transfer of shares. The transfer limitation doesn’t apply to shares with the label BAS1R. UniCredit S.p.A. is the sole shareholder of the Banks and holds 4,888,177 ordinary non-par-value shares with the right to vote or the owner of 100-percent of voting shares. There are no limitations to voting rights of shareholders. The condition for participation and exercising of voting right is the application of a shareholder to the General Meeting of Shareholders at latest by the end of the fourth day prior to the General Meeting of Shareholders session. At the General Meeting of Shareholders, each share entitles the shareholder to one vote. The Bank’s General Meeting of Shareholders decides on the appointment and replacement of the Supervisory Board members (simple majority or in case of a recall of a member prior to the expiration of the mandate at least three-quarter majority of submitted votes) and on the change of the Articles of Association (three quarters majority). The Bank’s Supervisory Board decides on the appointment and replacement of the Management Board members by means of simple majority. c) Functioning of the General Meeting of Shareholders and its key responsibilities and description of shareholders’ rights and of a way of exercising their rights The General Meeting of Shareholders is the company’s highestranking body which has all the competencies as arising from the valid legislation and the company’s Articles of Association. The Bank’s General Meeting of Shareholders is comprised of all the Bank’s shareholders. The Bank’s General Meeting of Shareholders decides on the following: • Adoption of annual report in cases defined by legislation, • Use of accumulated profit, • Appointment and recall of the Supervisory Board members, • Granting discharge to the members of the Management Board and Supervisory Board, • Changes of the Articles of Association, • Measures for increase and decrease of capital, • Winding up of the Bank and status transformation, • Appointment of auditor, • Development plan and foundations of business policy, • The Supervisory Board members’ remuneration, UniCredit Bank · Translation of 2018 Annual Report 209 Introduction of the Bank and the Group Corporate Governance Statement • The Bank’s registered seat, • Other issues if determined so by the Articles of Association or by legislation. The Bank’s General Meeting of Shareholders should be summoned in cases determined by legislation or by the Articles of Association and in cases and when beneficial for the Bank. The Bank’s General Meeting of Shareholders is usually summoned by the Management Board. The Bank’s annual General Meeting of Shareholders is summoned at least once per year, at latest in four months after the expiration of a financial year. The Bank’s General Meeting of Shareholders usually takes place at the location of the Bank’s registered seat. The call of the Bank’s General Meeting of Shareholders should be published at the web site of the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES), and on the Bank’s web page. When convening the General Meeting of Shareholders, the Management Board must publish the agenda. The proposals of decisions are formulated clearly and unambiguously and they enable the shareholders to assess the influence on their rights. Shareholders also have ensured other rights in line with the provisions of ZGD-1 and the Bank's Articles of Association – the right to participation in the Bank's management, in part of profit and in adequate part of remaining assets upon winding up of the Bank. By signing this statement, we also commit to further proactive action for enhancing and promoting the appropriate arrangements of internal governance and corporate integrity in the wider professional, financial, economic and other public. Ljubljana, 1 March 2019 Marco Lotteri Chairman of the Supervisory Board Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 210 Translation of 2018 Annual Report · UniCredit Bank Business Report Economic Environment in 2018 In 2018, the Slovenian economy continued to experience strong growth although lower than the growth rate experienced in 2017. GDP is estimated to have grown by 4.3 % compared to 4.9 % in 2017. The growth was mainly driven by three factors: strong growth in gross fixed capital formation, relatively solid growth in private consumption, and net exports. The GDP growth is likely to slow down to 3.0 % in 2019 mainly in relation to an expected slowdown in the global trade growth and in economic growth in the main trading partners which will likely affect Slovenia’s exports performance. The private consumption growth is likely to remain more resilient in light of the continued improvement in the labour market, namely higher employment, lower unemployment rate and continued wage growth. The investment growth might slow to a still solid 7.5 % after growing around 10 % in 2018 and it will likely be supported by the increased EU funds absorption and investment in construction. In 2020, the expected slowdown in the main trading partners’ growth will likely push GDP growth below potential to around 2 %, mainly due to lower exports and investments, while private consumption will likely remain more resilient. Inflation decelerated to 1.4 % on annual basis in December 2018, mainly reflecting a lower contribution from fuel prices. The inflation pressure is expected to remain low, with inflation likely to remain below 2 %. The situation in the banking sector continued to improve in 2018. Pre-tax profit for the banking sector is estimated by the Central bank at 502 million EUR in the first eleven month of 2018, representing an increase of 18 % compared to the previous year. The NPE ratio continued to decline, reaching 4.2 % in November. Although it remains elevated for non-financial corporations (8-9 %). Lending to households remained at around 7 % on annual basis for most of the year, while lending to non-financial corporations was moderated (around 2.5 %-3 % yoy in 2018). The low interest rates environment remains a challenge for banking sector profitability. The year 2018 brought a solid progress in the privatization of major state banks. The state asset manager sold 59.1 % of Nova Ljubljanska Banka, the largest bank in Slovenia. Another 16 % is planned to be sold in 2019, in line with the commitment made to the European Commission. The fiscal performance continued to improve in 2018, as a result of favourable cyclical situation and a decline in interest expenditure. The fiscal balance is estimated at 0.5 % of GDP after a balanced budget in 2017, while public debt as a percentage of GDP is envisaged to have fallen further to 70.2 % in 2018. Further improvements are likely, with the public debt ratio expected to remain on a downward path. Potential upward pressure on expenditure and lower revenues in relation to the expected slower economic growth represent the main risk to the near-term fiscal outlook. Sources: Bank of Slovenia, UMAR, UniCredit Economics & FI/FX Research Footnote: Forecasts by UniCredit Research CEE Quarterly 1Q19 UniCredit Bank · Translation of 2018 Annual Report 211 Highlights UniCredit is a simple successful pan-European commercial bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to our extensive client franchise: 26 million clients. UniCredit offers both local and international expertise providing its clients with unparalleled access to leading banks in its 14 core markets as well as in other 18 countries worldwide. UniCredit European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Financial Highlights1 Operating income € 19,723 mln euro Total assets € 831,469 mln euro Net profit (loss) € 3,892 mln euro Common Equity Tier 1 ratio* 12.07 % Shareholders' equity € 55,841 mln euro Revenues1 (%) 8 13 Commercial Banking Italy 3 CEE Division by Business Lines CIB 36 Commercial Banking Germany Commercial Banking Austria 21 1. Data as at December 31, 2018. * Fully loaded CET1 ratio. 212 Translation of 2018 Annual Report · UniCredit Bank Germany CEE 20 by Regions Asset Gathering 19 Italy 10 21 49 Austria A Pan-European Winner European banks must continue to focus on their clients, supporting European companies aiming for international growth. Achieving both reach and scale is important, to provide customers with efficient products at the best possible price. UniCredit is a successful pan-European banking group. We deliver the best products and services to our 26 million clients in 14 core markets, responding to their concrete needs. Our geographically diversified reach provides all our shareholders, clients and colleagues with greater security. And our "One Bank, One UniCredit" strategic approach combines central guidance with local implementation, to keep making our Group a pan-European winner. Achievements 2018 Top Employers Institute: Top employer Europe 2018 Awarded thanks to local certification achieved in Bulgaria, Croatia, Germany, Italy and Russia Bank of the Year 2018 Bank of the Year 2018 • The Banker: Bank of the Year in Italy 2018 • The Banker: Bank of the Year in Bosnia 2018 Euromoney: Trade Finance Survey 2019 #1 across 28 categories Global Best Service Provider for: "All Services", "Advisory", "Financing/payments", "Overall Execution" and "Products" TRADE FINANCE Digital Partnerships Key transaction partnerships Digital innovation for customers • • • • • Alexa in Austria, to bank through Amazon’s voice assistant • U-days in Italy, to promote knowledge of digital payments and payment apps: Apple Pay, Samsung Pay, Alipay, Google Pay Apple Pay Samsung Pay Alipay Google Pay UniCredit Bank · Translation of 2018 Annual Report 213 Business Growth Our positive overall financial performance proves our good progress in strengthening the Group through strategic business initiatives and a focus on digitalisation and process simplification, leveraging on best practices across the Group. This is already driving significant growth. As the banking industry continues to evolve, we will maintain our focus on changing customer needs, ensuring the future sustainability of our business. In UniCredit, building the bank of tomorrow means: • Constant focus on customer satisfaction and consistent service quality • Continued review of processes to improve the customer experience and optimise cost, with a strong focus on risk management • Further revenues growth Key Asset Quality Metrics FY 2017 FY 2018 FY 2019 Cost-Income Ratio 56.9 % 54.2 % 52-53 % Group Gross NPEs Ratio 10.33 % 7.67 % 7.5 % Revenues 19.9 % 19.7 % 19.8 % 214 Translation of 2018 Annual Report · UniCredit Bank Transform 2019 Milestones Through Transform 2019 – our strategic plan – we are building the bank of tomorrow. Our strategy is clear and long-term: we are One Bank, One UniCredit – a simple, successful pan-European commercial bank with a fully plugged in CIB delivering a unique Western, Central and Eastern European network to our extensive client franchise. We are and we will remain a pan-European winner. 2018 Improve Asset Quality 07. 02. PROJECT FINO Completion of final phase of Project Fino Adopt Lean but Steering Corporate Center Transform Operating Model 13. 04. CORPORATE GOVERNANCE New Chairman appointed (Fabrizio Saccomanni) based on the Board presenting its own list of candidates 23. 05. GROUP CHIEF TRANSFORMATION OFFICER Group Chief Transformation Officer appointed (Finja Carolin Kütz) Strengthen and Optimise Capital 02. 11. EBA STRESS TEST Maximise Commercial Bank Value EBA stress test results: third highest CET1 ratio among systemic banks in the Eurozone 31. 12. NEW CLIENTS ACQUISITION Over 1.9 million gross new clients acquired Transform 2019 UniCredit Bank · Translation of 2018 Annual Report 215 Business Report Financial Results Financial Results of the Bank Statement of Comprehensive Income for the Year 2018 In 2018, the Bank recorded 24.9 million euros of profit before tax. Profit after tax amounted to 20.6 million euros (in 2017: 38.3 million euros), while other comprehensive income reached a loss of 9.5 million euros after tax (in 2017: a profit of 7.0 million euros). In 2018, as compared to 2017, the Bank recorded growth in profits from the derecognition of loans and bonds, hedge accounting and net interest income. The Bank’s net interest income amounted to 45.2 million euros, which represents an increase of 1.9 million euros (or 4.4 %) as compared to the previous year. This time, interest income increased and interest expenses dropped. In current market conditions, the Bank received 22.8 million euros of net fee and commission income, which represents a drop of 1.4 million euros or 5.7 % compared to the year before. All fee income categories have maintained a stable level, while only the decrease in fee income from transactions with securities by more than 0.8 million euros is noticeable, which represents 11 % on an annual level. Realized net gains within the item “Realized gains and losses on financial assets and liabilities not measured at fair value through profit or loss” amounted to 4.8 million euros (in 2017: 0.2 million euros). The amount is higher than the year before, as the Bank achieved net profits from the sale of securities measured at fair value through other comprehensive income in the amount of 1.6 million euros, and the sale of loans in the amount of 3.1 million euros, while in the previous year profits were almost eliminated by losses on financial liabilities. In the year 2018, the Bank realized a gain from trading including foreign exchange differences of 3.1 million euros (in 2017: a gain of 4.1 million euros). On items "Net gains / losses on non-trading financial assets mandatorily at fair value through profit or loss" and "Net gains / losses on financial assets and liabilities designated at fair value through profit or loss" which are new after the introduction of IFRS 9, the Bank generated a profit of 0.4 million euros. The majority, 0.3 million euros, originates from investments in equities, which was recognized in the previous year in the item "Available-for-sale financial assets", so changes in its fair value were recorded in other comprehensive income. In 2018, “Fair value adjustments in hedge accounting” resulted in 0.1 million euros of net profit (in 2017: a loss of 5.7 million euros). By carefully managing the administrative costs, the Bank reduced them by 0.6 million euros in 2018, totaling 36.2 million euros (in 2017: 36.9 million euros). The highest relative and absolute drop was recorded in the cost of consultancy services, while the highest absolute increase was recorded in the costs of the information system maintenance. The depreciation costs in 2018 retained an almost unchanged level of 5.1 million euros (in 2017: 5.2 million euros). Provisions were built in the total amount of 8.8 million euros (in 2017: 4.7 million euros). The Bank built provisions for its off-balance sheet items in the amount of 2.5 million euros (in 2017, it built 2.8 million euros, and Realized gains and losses on loans, securities and financial liabilities 2.5 0 2017 (1.0) 0 2017 2018 1.6 million 1.3 million 1.0 (2.0) 216 Translation of 2018 Annual Report · UniCredit Bank 0 2017 2018 40.0 30.0 20.0 (2.0) 2018 (4.0) (5.7 million) 10.0 2.0 (2.2 million) 20.6 million 20.0 1.5 1.1 million 38.3 million 30.0 2.0 0.1 million 40.0 Total cost 41.3 million 3.1 million 3.0 Changes in fair value in hedge accounting 42.0 million Net profit loans securities liabilities 10.0 0 (6.0) 2017 2018 released 2.7 million euros at transition to IFRS 9) and for pending legal cases in the amount of 5.1 million euros (in 2017: 1.9 million euros). million euros were in debt instruments and the remaining 22.9 million euros in equity instruments. The share of bonds of the Republic of Slovenia in debt securities decreased slightly in 2018 due to purchases of foreign government bonds, namely to 85 %. Bond purchases exceeded sales by 21.4 million euros during the year, while fair value changes reduced their value by 9.0 million euros. The Bank built impairments for loans in the amount of 0.8 million euros (in 2017, it released 29.0 million euros and built 2.2 million euros with the adoption of IFRS 9). The volume of non-performing loans further declined in 2018, from 106.6 million euros to 76.1 million euros of loans at amortized cost and 5.7 million euros of loans at fair value through profit or loss. In 2018, the Bank started to hedge its liabilities with fair value hedge derivative financial instruments. Fair value changes of the hedged liabilities in portfolio interest rate risk amounted at the 2018 year-end 3.9 million euros of liabilities. It has gradually shifted from the hedging of cash flows to the hedging of fair value, which is also reflected in the structure of their positive and negative fair values. Under the item "Other comprehensive income", the Bank recognized a loss of 9.5 million euros after tax. The reduction in net income in the amount of 1.6 million euros is due to the transfer of realized gains to profit or loss. A drop of around 7 million euros is the result of an increase in credit spreads of the bonds of the Republic of Slovenia. Loans at amortized cost and fair value through profit or loss in total increased by 114.5 million euros compared to the end of 2017. Their total volume is approaching two billion, more precisely, they amount to 1,967.3 million euros. Statement of Financial Position for the Year 2018 The Bank shows current tax assets in the amount of 1.4 million euros, as paid advance payments during the year were higher than the amount of tax liabilities for 2018. UniCredit Banka Slovenija d.d. maintained a stable level of its balance sheet volume in 2018, which decreased by 50.4 million euros and amounted to 2,655.5 million euros at the year-end. Due to compensation of tax loss from previous years in the amount of 12.1 million euros deferred tax assets decreased by 2.3 million euros. As in the previous year, the deferred tax assets at the end of 2018 were lower than deferred tax liabilities. Therefore, the Bank shows in the statement of financial position deferred tax liabilities. The volume of financial assets held for trading comprised at the 2018 year-end solely of positive fair value of derivatives. It increased by 1.7 million euros and amounted to 8.6 million euros at the end of the year (at the year-end 2017: 6.9 million euros). The Bank has closed trading positions, which is why the drop is proportional to the decrease in financial liabilities held for trading, which represent the negative fair value of derivatives held for trading. These amounted to 9.2 million euros at the end of 2018 and 7.1 million euros at the end of 2017. Financial liabilities measured at amortized cost slightly decreased in 2018 and amounted to 2,341.9 million euros at the end of 2018. The Bank is soundly capitalized and reports the capital adequacy ratio (CAR) of 16.34 %. 9,703 10,000 4,000 0 0 31/12/2017 31/12/2018 5,000 4,948 2,000 20.0 15,000 7,740 6,000 3,594 40.0 81.8 million 106.6 million 60.0 8,000 Hedging fair value Hedging cashflows 20,000 18,174 10,000 100.0 80.0 Hedging fair value Hedging cashflows 263 120.0 Derivatives - hedge accounting - liabilities Derivatives - hedge accounting - assets 1,001 Non-performing loans 18,993 Financial assets measured at fair value through other comprehensive income reached 408.4 million euros at the end of 2018, of which 385.4 31/12/2017 31/12/2018 0 31/12/2017 31/12/2018 UniCredit Bank · Translation of 2018 Annual Report 217 Business Report Financial Results Financial Results of the Group Statement of Comprehensive Income for the Year 2018 UniCredit Leasing d.o.o. recorded a profit after tax in the amount of 2.9 million euros in 2018. The Group’s net profit for 2018 amounted to 23.4 million euros (36.2 million euros in 2017). The leasing subsidiary contributed 4.5 million euros of net interest income, which is a million euros more than the year before, and 0.1 million euros of net fee income to the Group profit. Within the item “Other operating net income” net income deriving from leasing business in the amount of 0.9 million euros was recorded (in 2017, 1.2 million euros). A decline in lease income and an increase in interest income indicate a structural shift from operating to finance leases. The Group’s administrative costs are 1.1 million euros higher and depreciation is 0.7 million euros higher as compared to the administrative costs and depreciation of the Bank. Impairments for loans (mainly for finance leases) were released in the amount of 0.9 million euros (in 2017: they were built in the amount of 5.6 million euros). Statement of Financial Position for the Year 2018 In 2018, the balance sheet volume of UniCredit Leasing d.o.o. continued its growth from the previous period and grew by as much as 11 %, amounting to 219.2 million euros at year-end (at 2017 year-end: 197.8 million euros). Excluding the intragroup assets and liabilities, the Group’s balance sheet volume is by 52.9 million euros higher than the balance sheet volume of the Bank. In the consolidated financial statements, loans are by 42.7 million euros higher than in financial statements of the Bank. Property, plant and equipment – almost solely in operating lease in UniCredit Leasing d.o.o. – are higher by 3.8 million euros in the Group’s financial statement. Among the Group’s liabilities the main addition to the liabilities of the Bank is the item “Loans from banks” in the amount of 32.0 million euros and equity in the amount of 20.0 million euros. As of 31 December 2017, the Group reports the capital adequacy ratio (CAR) of 17.36 %. 218 Translation of 2018 Annual Report · UniCredit Bank Events after the Reporting Period After the end of the reporting period, the Bank and the Group did not detect any major events that would affect their Financial Statements for 2018 or that would require disclosures in these Financial Statements. Bank Segment’s Performance Review Retail and Small Business Banking SEGMENTS AND PRODUCTS Retail Banking The retail banking and small business segment is an important pillar of UniCredit Banka Slovenija d.d.’s operations. Ensuring the satisfaction and loyalty of our customers is at the centre of our efforts, aimed at finding new and better solutions for them. In the field of real estate and consumer loans, the Bank reinforced its strong position in the Slovenian market in 2018. Customers 74,127 Loans (mln) 805,599 Deposits (mln) 752,243 In 2018, the volume of all newly approved real estate loans amounted to 104,218 thousand euros, which is a slight increase, compared to 2017. At the end of 2018, the total volume of real estate loans amounted to 651,035 thousand euros, which is a 5-percent increase, compared to the previous year. We have recorded a significant growth in consumer loans, namely by 36 %. In 2018, the volume of all newly approved consumer loans thus amounted to 35,745 thousand euros, while the volume of all consumer loans at the end of 2018 amounted to 92,213 thousand euros. The volume of newly approved overdraft facilities on transaction accounts in 2018 amounted to 12,541 thousand euros. In the field of newly approved payment and credit cards in 2018, the volume of newly approved cards amounts to 2,594 thousand euros, while at the end of 2018, the volume of all payment and credit cards amounted to 10,260 thousand euros. In 2018, we introduced a real estate loan with a fixed interest rate and with a repayment period of up to 360 months. With this solution, we want to meet the needs of customers who are solving their housing problem for the first time and who view long-term loans as an added value, when deciding on a loan. In 2018 we upgraded the existing Mastercard payment card, which now enables payment in up to 24 installments, while so far, the maximum number of installments was 12. This new feature is simple and user-friendly, as it allows the customer to select the desired number of installments, simply by answering a text message on their mobile phone. In the field of banking insurance, in 2018, we started to market an exclusive non-life insurance offer, in cooperation with Allianz insurance company. This is a valuable addition to our banking offer, as it enables us to provide our customers with a comprehensive financial solution, all in one place. Exclusive Cooperation with Allianz Insurance In order to simplify users’ access to our products and services, in 2018 we paid more attention to a tailor-made offer of products and to optimization of processes for opening a transaction account, so that the path to opening “online” products is even simpler. A user can thus open a special package “Brezskrbni” online, without even visiting the bank. In the year 2018, we paid utmost attention to the "Mobile first" initiative, where we constantly upgraded the Mobile bank GO!. In addition to an improved look and optimization of user experience, we developed many new functionalities which enable users’ easier banking operations. The possibility of user-bank communication through messages in the Mobile bank GO!, possibility of editing GDPR consents, access to various user’s documents, managing credit cards and similar are just some of the functionalities which influenced the growth of the Mobile Bank Go! usage. Compared to 2017, the number of users of the Mobile Bank GO! Increased by 24.3 %. Small Business Banking Much like in other areas of our operations, here at UniCredit Banka Slovenija d.d., we strive to provide simple and customer-friendly solutions and process optimization options in the small business banking segment. With this goal in mind, in 2018, we have revamped our credit systems, so that our customers can complete the entire process from receiving an offer to signing a contract in one day. In 2018, we introduced a loan with a fixed interest rate and with a repayment period of up to 84 months. Within transaction banking, our combined personal-business transaction account package is still available to our customers. This package allows the customers to use two transaction accounts at a single fee. The package is intended primarily for self-employed people who, depending on the scope of their activities, do not require expensive business transaction accounts. Private Banking In the Private banking segment, the Bank, in addition to traditional banking services, offers different investment solutions designed for customers to achieve an even more adequate distribution of their assets. The guiding principle of the Private banking unit when taking care of customers' financial assets is the search for optimal distribution of total assets for each client depending on their needs and expectations. In determining the suitable solutions and appropriate responses to changing conditions in the financial markets, the Bank uses extensive know-how and resources of the parent group UniCredit. The latter provides, in a form of global investment strategy, recommendations for the most appropriate allocation of assets at any given time for each customer profile. UniCredit Bank · Translation of 2018 Annual Report 219 Business Report Bank Segment’s Performance Review + 26-percent growth of customers' financial assets in the year 2018 Portfolio management is the focal service of Private banking, which we have been successfully upgrading also with other investment products and solutions. In doing so, we have enabled the Private banking customers access to structured products of the issuer UniCredit AG from Germany and to mutual funds of world-renowned asset management companies recognized by the parent group UniCredit as the best ones in their respective investment class or investment field. Customers wishing to geographically disperse their assets even further have such an option via Austrian Schoellerbank which has over 180 years of tradition and has been in 100-percent ownership of the parent group UniCredit since 2005. In the year 2018, we recorded growth in the Private banking segment both in terms of volume of customers’ financial assets in our Bank as well as in terms of total number of customers. Corporate and Investment Banking Customer experience has more than ever become a focal point of many businesses. In endeavour for long-term partnerships with clients and provision of best in class products and services, at UniCredit Banka Slovenija d.d., we continued with our efforts for further enhancement of the digital offer, process simplification and unique value added services. Following the feedback received from our customers through the Benchmarking survey, and with clear understanding that everything we do should be done with the Customer First mindset, Corporate and Investment Banking reviewed the ongoing projects, prioritized and increased the focus on the initiatives that improve customer journeys. CUSTOMER EXPERIENCE In 2018, the Bank continued with innovation and digitalisation. In the area of trade finance, e-supply chain financing, introduced as a digital online solution for fast and secure purchase of receivables, was further enhanced to improve user experience. The platform is recognised by our customers as bringing simplicity and time savings to them and the number of companies using it has been constantly growing. In 2018, we started working on a Group initiative, Working Capital Advisory, which stands for proactive advisory to clients through specific solutions based on knowledge of their business, financials and industry peer analysis. INNOVATION UniCredit S.p.A. is a partner of the London Stock Exchange for 220 Translation of 2018 Annual Report · UniCredit Bank the ELITE program. Through informing and integrating clients into structured education, business networking, accessing various information, investors, capital and various forms of financing, companies can scale up, become more competitive and grow internationally. GLOBAL PRESENCE Another important area contributing to understanding customers’ needs and adjusting to them, is big data. In this respect UniCredit Banka Slovenija d.d. introduced the Babel tool, which will be in 2019 merged with B.Link, front-end Group application, developed as part of the initiative One Bank, One UniCredit. Focused on delivering value for the customers, in our projects in 2018 we leveraged significantly on the agile approach. CONSTANT FEEDBACK At UniCredit Banka Slovenija d.d. we value customers’ feedback which gives us the opportunity to further improve clients’ benefits. The 2018 Benchmarking survey, carried out by an independent external agency, confirmed that the overall satisfaction of our customers and likeliness to recommend remained high. At our Bank, we recognize the power of collaboration. This is why we continued organizing different events for customers, presenting them novelties on the market, bringing for discussion up-to-date topics of interest for our customers. PARTNERSHIPS As main partner of the Izvozniki.si project, we supported the Slovenian export and import companies for the fifth consecutive year, striving to contribute to the progress of the Slovenian economy. We were again partner of the Managers’ Association of Slovenia, thus promoting professional management and competitiveness of the local economy. EXPERTISE In order to understand, meet and anticipate customers’ needs timely and efficiently, in Corporate and Investment Banking we have dedicated relationship managers in different segments. The segmentation strategy enables thorough insight and expertise about customers’ preferences and their financial activities. In their daily activities, our relationship managers rely on the support of product experts locally and at Group level, in order to provide the right products to the customer. In the Large Corporates segment, we have been a key player in tailor made solutions and among top providers of structured deals. The Mid Corporates segment expanded by supporting companies in their investments and working capital needs and by offering a comprehensive range of solutions. The International Centre kept its leading position among international and multinational companies in the local market, leveraging on UniCredit’s global presence and unified multi-country client approach. The Financial Institutions segment offered reliable services to financial institutions, across bank sector clients and non-bank financial institutions. The Corporate Finance Advisory team provided valuable advice to our corporate customers and potential investors, leveraging UniCredit S.p.A. position as one of the leading M&A advisors in the region. UniCredit Leasing d.o.o. has grown in all key segments and in all sales channels, as well as increased its market share in terms of new investments. Due to close cooperation with the Bank, synergies and process optimisation were achieved. Also, in the area of securities services we re-affirmed our capacity to provide valuable, professional support to our clients, which was acknowledged by the Global Finance award for Best Sub-custodian bank in 2018. All the aforementioned efforts and initiatives helped the Corporate and Investment Banking division strenghten the relationship with the existing customers and on-boarded many new clients. Financial highlights In 2018, the Corporate and Investment Banking Division exceeded its ambitions in terms of loan portfolio growth, which translated into increased market share in corporate loans by around 1%. We observed higher customer demand in short-term loans, and we managed to support our customers’ needs for working capital financing, while sticking to strong risk discipline at the same time. The long-term loans portfolio remained stable despite loan amortization and the credit portfolio further improved as compared to 2017. The over-liquidity on the market continued to exercise pressure on interest rates, a trend which is expected to extend further to the year 2019. Average customer deposits remained at the same level as in the previous year, with increased share of sight deposits. RESULTS The net interest income kept its predominant share in the revenues structure. However, it decreased as compared to the previous year, which is mostly attributable to the trading profit. The expansion of customer base went in parallel with the improved co-operation with our existing customers, following a holistic approach, adjusted to the specific needs of each single company. Forward looking Also in 2019, the Bank will continue to strive for superior customer experience and to devote efforts to exceed customer expectations. Investments in new digital solutions and enhancements of existing platforms have already been planned in order to provide modern, simple and effective way of delivering banking services. STRATEGY Multiple end-to-end processes in corporate banking are under review in order to find ways to optimize and automatize them to the highest possible extent. The ultimate goal is to provide our customers with better experience through faster response, leveraging on improved efficiency and decreased operational risk. UniCredit Banka Slovenija d.d. will continue to support its clients’ business ambitions, and further growth of corporate loans will remain a priority, whereas risk-adjusted profitability will be the denominator in order to preserve good quality of the credit portfolio and take the right risks. The market pressure on interest rates is expected to be partially offset by the growing loan volumes. The projects and initiatives undergoing and those in the pipeline will be both business- and regulatory-driven. Global Banking Services Organization and Logistics In 2018, the Organization department, a part of which is also the Project Office, continued to transform, especially in terms of agile project portfolio management, improvements of Kanban approach and project management, which ensure the Bank's compliance with local and EU regulation and increase the ability to adapt to the complex business environment. The main direction of the Logistics and procurement organizational unit is effective ensuring of general support processes to all employees of the Bank. We strive for a well-arranged working environment, while at managing assets we act economically. The activities of the procurement process compliant with the Group's Procurement policy are also within the Unit's competence. Banking Operations The Banking Operations department is part of the Global Banking Services division, making sure that the Bank’s processes and UniCredit Bank · Translation of 2018 Annual Report 221 Business Report Bank Segment’s Performance Review transactions are executed correctly while at the same time meeting clients’ needs. Focus on clients and people development Having clients continuously in our focus, the Operations experts were involved in cross-divisional teams responsible for developing new products and services. We managed to introduce several improvements enabling faster execution especially in consumer lending workflow, consumer mortgage lending workflow, better and improved cards and payments processes. We have been strongly focused on our people development in order to provide services that meet clients’ expectations and regulatory requirements as well. In order to improve the level of knowledge and required technical skills within the Bank and for sufficient support to leasing business a special group. Support leasing business was established within the back office. To develop skilled staff capable of handling future business trends, we promoted rotations within Operations where knowledge sharing is perceived as great opportunity to increase synergies and exchange best practices among experts. People are regularly informed and, in that way, also included in activities at the Bank’s level as well as on the level of Operations with aim to better understand clients’ needs and therefore needed support to processes and products. Execution and discipline We have been optimizing internal processes to become more streamlined and to achieve greater efficiency and quality. Several manual processes have been digitalized in order to help improve and simplify cash management and WebService support for card’s products. For additional improvement and better efficiency supportive leasing processes were included in the development of new workflow for leasing business. Robotization was introduced to Operations as new tool for process optimization and for efficiency improvement. First two robots were developed and few additional entered the development phase. The quality of key internal processes is regularly measured and root causes of rework analysed to help us understand the need for process improvements and potential to reduce cost of poor quality driven by rework. Risk awareness Operational risk management and compliance are two important topics that each employee in the Operations department is strongly committed to. With the aim of increasing the awareness of existing and new regulatory requirements regular online trainings are organized. Operational risk managers are monitoring and reporting operational risk events and proposing mitigation actions. The Operations department actively participated in the implementation of measures aimed at keeping the compliance with evolving regulations, such as EMIR, MIFIDII, FATCA, CRS and anti-money-laundering, given the increasingly complex context of financial transactions. Information and Communication Technology (ICT) Among key activities of the ICT department in the year 2018 the 222 Translation of 2018 Annual Report · UniCredit Bank following can be highlighted: the progress in the field of strengthening the security of information systems and achievements in ensuring effective and advanced support for our customers. In 2018, the Bank introduced the RPA (Robotic Process Automatization) technology aimed at speeding up the processing in the field of loan operations. Also, we upgraded the application Mobile bank GO!, where we now offer our customers – individuals entirely independent management of card products. We continued with the development of unified platform for branch offices, where we included the entire support for loan operations. We also offered our customers a web platform for inquiries regarding loans. In the field of personal data protection, within the GDPR regulation, we carried out significant upgrades of systems aimed at ensuring the compliance of operations. In the security field, we changed the entire SWIFT system, introduced a central solution for upgrade of IT equipment, and implemented a new and state-of-the-art firewall, while we also upgraded electronic channels with the system aimed at preventing misuse. We also established a completely new system for monitoring data quality. A lot of effort has been directed into the development of employees (mentorships, expert trainings, and conferences) and to organization of operations in order to achieve greater effectiveness at the development of applications and systems. In that field, we also tried to act as agile as possible and to perform all activities through the internal Kanban process. Security Office Emphasis on digital business trends and related growing cyber threats in the year 2018 required a focused approach in the fields of ICT and cyber security. Strengthening of internal and external network security was one of the priorities. We enhanced the level of our ICT and cyber security by using new and advanced security equipment. In addition to the above written, the area of Identity and access management was also vigorously addressed in the past year. Other areas of security were not neglected either. Business continuity, fraud management and physical security were also given a lot of attention thus contributing comprehensively to better overall security of the Bank and to ensuring regular and secure operations for the Bank and our customers. Transform operating model. We are leveraging on digitalisation to transform our operating model. We are ahead of schedule, with an improved cost reduction. The optimisation of the cost base will remain important to ensure our Group’s efficiency and effectiveness. UniCredit Bank · Translation of 2018 Annual Report 223 Business Report Corporate Sustainability Relations with Employees EMPLOYEE STRUCTURE IN 2018 In line with the internal policy of parent group UniCredit, we follow the principle of equality in the area of hiring, which is – in addition to transparency – the key principle which provides equal employment opportunities to all applicants for employment, regardless of gender or other personal circumstances. At the end of 2018, there were 575 employees in the Group, of which 564 were employed in the Bank. NUMBER OF EMPLOYEES IN THE GROUP (2016 - 2018) 575 575 570 561 560 568 565 555 550 2016 2017 2018 In 2018, in comparison with the previous year, we recorded a 2.7-percent increase in the number of employees in the Bank. In UniCredit Leasing, d.o.o. compared to the year before, the number of employees remained at about the same level. From a consolidated perspective, the Group recorded a 1.4-percent increase in the number of employees, which is mainly due to an increase of employment in sales. We are aware that high-quality onboarding of new employees into work contributes to faster achievement of results and to a better organizational climate. In 2019, together with employees from the Retail Division, we are planning to upgrade the process of onboarding of new employees, through a few days’ visit of business units and the contact centre. In this way, we want to increase the cooperation between employees and their commitment as well as to improve the understanding of the needs of clients and, consequently, contribute to their increased satisfaction. 65 % Female 35 % Male 224 Translation of 2018 Annual Report · UniCredit Bank The average age of employees in the Group is currently 41 years. The gender structure of employees consists of 65 % of female and 35 % of male employees. Care for the diversity of employees is reflected, among other, in the mixed structure of employees (of which 8 or 1.4 % are foreigners as a result of managerial programs within the parent group UniCredit) and the structure of managers by gender, since in the governance structure the relationship between men and women is balanced, namely 48 % of men and 52 % of women. The Group and its employees pay great attention to knowledge and education. More than 69 % of employees have a college or university degree, a master's degree or a Ph.D. degree The education structure remains at approximately the same level as the previous year. TRAINING AND EDUCATION Continuous changes in the market, adaptation of our offer to customers, and the development of applications and products require continuous training of banking professionals. Through education, we want to provide relationship managers with the necessary knowledge and competencies to work effectively with clients. Training covers both product knowledge, knowledge of applications, legislative area, as well as practical knowledge. Educational programs are carried out by internal and external providers, and with them the Bank also wants to increase the motivation and loyalty of employees. Investment in education and human resources development is thus one of the key elements of success. In addition to participating in the trainings offered by the parent group UniCredit and external education providers, the Bank has significantly stimulated the transfer of knowledge through internal trainings in the recent period, and it increasingly uses a modern and cost-effective form of education – online learning. The content covered by trainings was primarily of banking professional nature. In the total quota of 12,230 educational hours, educational activities in the field of product and process education represent the largest share, followed by various professional trainings with external providers and participation in business meetings, consultations and conferences, whereby an increasing number of trainings are held with the parent group UniCredit. The share of trainings in business compliance has also been increasing. The share of internal trainings was as high as 33 %, with the greatest attention being paid to the field of business compliance, product, process and general trainings and management workshops. Last but not least, a great help in acquiring new skills and knowledge is also the international environment of UniCredit, where the sharing 41 years Average age 69 % VI or higher education level 12,230 Training hours 23 Training hours per employee of knowledge among the employees is one of the competitive advantages of our Group. Through participation in various workshops and trainings in the parent group UniCredit, employees are successfully acquainted with new approaches, skills and experience and transfer them to the local environment. In the coming year, we want to make even greater use of the power of online learning and use personal development access to the world's leading online learning platform. DEVELOPMENT OF EMPLOYEES AND REMUNERATION For several years now, the Group has been systematically responsible for the development of key personnel by means of two development programs that take place at the level of the parent group and the local Bank: The Executive Development Plan (EDP) is a leadership development program and Talent Management Review (TMR), which takes care of talent development, in which we focus on identifying and developing leadership skills. Through the TMR program, the Bank and the Group, in a deliberate and systematic way, strive to ensure continuity of leadership in key positions and encourage individual progress of employees. Within the parent group UniCredit, there are many opportunities for additional training and education in international groups and international environment. The new "CEE Rotation Program to mature markets" program is aimed at spreading the mindset of change and innovation in the countries of the CEE region to mature markets such as Italy, Austria and Germany, and at creating stronger links between areas under the auspices of one UniCredit bank. Following a unique selection process, one colleague thus continues her career in Austria. Additionally, employees and managers also benefit from the MarketPlace digital space, which directly links employees who are willing to share their skills and knowledge with those who are looking for specific experience to perform a specific task or project. The essence of all the programs is care for the continuity of the development of employees, their skills and knowledge and care for providing new generations of capable managers and experts, who will ensure long-term stability and growth of operations of the Bank and consequently the whole parent group UniCredit. We also systematically take care of the development of our employees by using the "Performance Management" system, which has been a long-standing practice in the Bank. The system is supported by a local application and basically consists of two parts – an annual personal (developmental) interview, in which the manager and the employee define the development and career path of the employee once a year, 33 % Internal trainings and an interview on the topic of planning and evaluation of goals, which takes place three times a year. As part of such discussions, both the employee and the manager assess past work and set goals and development for the next period. The application provides for a more efficient implementation, a compilation of all information in one place and greater transparency. In 2019, we plan to upgrade the "Performance Management" system, where, in addition to achieving the goals, we will also pay attention to the manner of achieving the goal (behavior) and strengthen the connection with "5 fundaments", which are defined at the level of the parent group UniCredit as a key to the sustainable development of the Bank and personal growth. In 2018, we created a new Retention program for retaining key employees, with which we want to retain the key knowledge of the employees gained during their employment in the Group. In order to attract and develop young potential students, we created a unique one-year rotational student program in 2018. After a whole-day selection workshop, the selected students were included in various pre-defined organizational units. Through student work, they became familiar with the tasks and employees, and were involved in real projects in order to get to know the work and operations of the Bank and to upgrade theoretical knowledge in practice. The program encompassed rotation of students after several months of work in an organizational unit, and the best students were given the opportunity to get regular employment. SURVEY ON EMPLOYEE SATISFACTION Within the parent group UniCredit, we have been conducting an employee satisfaction survey (People Survey) for several years. The survey is conducted on a regular basis every two years, but in the interim, we measure the "pulse" of employee satisfaction with a shorter version of the survey once a year. 72 % Engagement Index The fact that we are on the right track is also confirmed by the results of this year's survey on employee satisfaction that took place in early November 2018. Over 65 % of our employees have submitted their opinion. The engagement index at the level of the whole Bank is 72 % this time, and we are particularly proud that employee satisfaction has improved significantly across all divisions. UniCredit Bank · Translation of 2018 Annual Report 225 Business Report Corporate Sustainability "FAMILY FRIENDLY COMPANY" CERTIFICATE At the Bank, we are proud of the fact that during the certification process we obtained the extension of full “Family-Friendly Company” Certificate. This means that we successfully implemented the planned measures to facilitate the coordination of work and private obligations. Among the more recognizable measures, we should emphasize the children's bonus, which means that all parents of first-class pupils are allowed a free day on the first school day for accompanying children to school; and for parents introducing their child to kindergarten, we provide flexible organization of working hours during the introductory week. After returning from maternity leave, our colleagues are entitled, if they choose to work part-time, to a 55-percent salary payment for a 4-hour work day. We also provide all employees of the Bank with counseling in the field of interpersonal relations in work and private life. The psychological counseling option or "life coaching" was enabled in order to offer our employees assistance in situations that are not necessarily directly related to the working environment, but they can certainly influence motivation, commitment and interpersonal relationships in the working environment. Since we are aware of the importance of social responsibility, we offer our employees the option of additional paid day of leave for volunteering in one of the non-profit organizations. Client feedback is important to us At the parent group UniCredit, we conduct a survey on the satisfaction of our clients and clients of competing banks twice a year. We are proud that we are the best on the Slovenian market and proud of the fact that our clients are among the most satisfied. The criterion used in the satisfaction survey is based on two main issues; how much the client is satisfied with our Bank and our services overall and how much they give priority to our Bank over the other banks on the market (Customer First Index). UniCredit CFI Average on the market CFI 72 62 SOURCE: UniCredit Bank Survey; IFF International, Kantar TNS In the same survey, we also determine the degree of loyalty of our clients. To measure client loyalty, we use the so-called NPS index (Net Promoter Score) which tells us how likely it is that the client will recommend us to their friends. Last year, the value of NPS index was 48, which means that we still maintain the indicator’s high level. CARE FOR EMPLOYEES Special care is also given to health and safety at work. In the past year we implemented, in accordance with the legislation, periodical medical examinations, and in November, we traditionally provided the option of being vaccinated against seasonal influenza at the Bank's headquarters. The Bank also provides collective accident insurance for all employees. We also provide employees with the necessary training in the field of fire protection as well as safe and healthy work, which has been conducted as e-learning for several years, and which enables employees a greater flexibility in the performance of education as well as the knowledge test. The Bank also provides its employees with active leisure activities. Also, this year, employees joined sports activities and socializing through the sports club Tilda, which organized sporting events, cofinanced cultural events and took care of socializing at New Year and on some other occasions. Client Relations At UniCredit Bank Slovenia d.d., we put our relationship with clients and their satisfaction first. Excellent user experience of our clients is a key factor distinguishing us from other banks on the Slovenian market. 226 Translation of 2018 Annual Report · UniCredit Bank Opposers 5 Promoters (recommend further) 42 Passive Clients 53 SOURCE: UniCredit Bank Survey; IFF International, Kantar TNS In order to improve user experience, we regularly monitor customer feedback about the experience with our services through various channels. With Instant Feedback service, we collect reviews of customers who visit any of our business units and have contact with our relationship managers. Feedback helps us understand where we are excellent and shows us our weak points where we have an opportunity to make improvements. In the past year, we also expanded the service to a web site for opening a bank account online. In 2019, we want to extend it to all digital channels. Average customer rating at business unit visit Average customer rating for online account opening solution to satisfy our client's needs or wishes is the foundation on which we build our success. We are getting ready for the bank of the future 4.9 4.6 A satisfied customer is a loyal customer We are aware that a satisfied customer is also more loyal and ready to recommend the Bank by "word-of-mouth" model. The satisfaction is influenced by many factors, so we must pay attention to the customer's experience with our products, processes and all entry points. In order to become even better in this area, to understand the customer and their needs comprehensively and to adjust operation of the Bank accordingly, we introduced the Customer Experience department at the end of 2018. The priority of the department is to explore the needs of different customer segments and to tailor accordingly the products, services and processes which run in the background but play an important role in the field of speed / responsiveness and the development of technologies/solutions. Fast, optimum and primarily digital solutions Our customers can keep in touch with us anywhere and anytime. Through the online bank they can use banking services in the comfort of their home, and with Mobile Bank GO! the Bank is at their fingertips all the time, even while on the way. The banking digital world is becoming part of us, and the technology hidden in the background needs to provide a safe, quick and carefree experience. In 2018, we gave priority to the development of those functionalities that enable customers to do business more easily without visiting the Bank (optimization of payment methods, online signing of a deposit agreement, etc.). Within the Mobile Banking GO! application we have enabled debit and credit card management, where the functionality of a temporary credit card blocking is at the forefront. In this way, both Online Bank and Mobile Bank GO! become “Self Care” tools and not just means of paying bills. Genuine contact with the customer is precious Despite all the advantages of modern technology, UniCredit Banka Slovenija d.d. still sincerely supports the mindset that even a perfect digital platform cannot replace genuine human contact. Our business units are the ones that take care of every customer. Wellarranged business units, friendly to visitors and skilled relationship managers with relevant knowledge as well as a high level of human friendliness and warmth are our strength, which we constantly pay special attention to. Despite digital channels and remote business opportunities, customers still come into business units and it is our responsibility to make them feel welcome and heard in our company. Friendly reception, genuine conversation and a suitable and right Despite the growing digitalization trends, we believe that digital solutions will not replace personal contact with customers. Digital solutions will make it possible for customers to process their solutions more quickly in order to solve their problems, and user experience with solutions will be improved, resulting in more time for personal approach and consulting. We believe that also in the future, it will be crucial to consider that digitalization supports both customers and employees, but in no way substitutes one or the other. Media Relations Good relations with the media are an important element of reputation and visibility of the Bank in the eyes of the public. In our communication with media representatives we strive for professionalism, responsiveness and proactivity in terms of informing the public about issues that might be of interest to them. In 2018, we received 148 sets of questions from journalists and appeared in 1,087 media reports. Throughout the year, we provided the media with press releases on the events in the Bank, on new products, awards received, charity events and similar. Journalists were invited to selected events for clients, where we hosted visible representatives of the Bank and the parent group UniCredit analysts. In this way, we gave them access to first-hand information about the current situation in the financial markets. We remain responsible in our role as educator of the public on financial topics, also by inviting business journalists to the Euromoney conferences, sponsored by the parent group UniCredit, which always organizes a well-attended press event on the occasion and presents the results on the analysis of economic trends. We often offer extensive information on topics that the journalists are interested in and help them make their contributions more professional. We give them access to experts, the Bank’s management board and representatives of the parent group UniCredit. In this way, we create positive connections with this important segment of our society. Relations with Suppliers The procurement policy of the parent group UniCredit dictates that relationships with suppliers should be based on transparency, mutual respect and trust, while also taking into consideration other ethical and legislative norms. UniCredit Bank · Translation of 2018 Annual Report 227 Business Report Corporate Sustainability In order to ensure greater transparency and cost effectiveness, at UniCredit Banka Slovenija d.d. we have introduced a centralized procurement process. According to the nature of request we usually invite for cooperation several suppliers, including companies which employ persons with disabilities, and when selecting the most appropriate one, in addition to the price, we also take into consideration other predefined criteria when necessary. The outsourcing management function provides additional controls and transparency of operations with suppliers. In line with the Anti-Corruption Policy of the parent group UniCredit, we perform due diligence of our suppliers. With the goal of protecting confidential data (business secret), the Bank signs a nondisclosure agreement prior to starting business cooperation with a supplier or, in case of processing personal data, also an agreement on the protection of personal data. When selecting its suppliers, the Bank is unbiased, as this is the only way to make the relationships with suppliers our competitive advantage and a foundation for cooperation. Sponsorships The sponsorship of the UEFA Champions League, which took place within the parent group UniCredit for nine years and concluded in June 2018, represented the largest and most eminent sponsorship of the Bank in the past year. Through this sponsorship, the Bank strengthened its reputation and brand awareness, and approached existing and potential customers with football-flavored advertising campaigns and hosting of important clients at football matches. For the seventh consecutive year, the Bank continued its partnership with the Medical Chamber of Slovenia. It offered physicians – private individuals and doctors who have a private practice attractive offer of selected banking products. As a partner of the Manager Association for many years, the Bank contributed to the development of the Slovenian management and to the competitiveness of the economy. The Bank contributed to the promotion of exports through the sponsorship of the Slovenian-Italian forum and the Finance magazine’s project Izvozniki.si. Especially by supporting the latter, the Bank contributed in terms of content to the establishment of a healthy and open economic environment which promotes successful development of the Slovenian export companies as well as the country and society at large. The izvozniki.si portal is intended for connecting the Slovenian exporters and represents a source of useful information, best practices, case studies and exporters’ experience. In the field of culture, the Bank sponsored two prominent events. As part of the 66th Ljubljana Festival, it supported the Milan Scala Philharmonic Orchestra, which performed under the baton of the 228 Translation of 2018 Annual Report · UniCredit Bank exceptional Christophe Eschenbach. In his solo role, a young but extremely mature and promising virtuoso Jan Lisiecki introduced himself at the piano. In the period before Christmas, the Bank supported the traditional 26th Managers' Concert – a central cultural, social and donor event of the Slovenian business public, whose mission is to create opportunities for the development of young music talents. A festive atmosphere was conjured by conductor Georg Pehlivanian, RTV Slovenia Symphony Orchestra, as well as soloists: trumpeter Leon Pokrežnik, violinist Nikola Pajanović and pianists Urban Stanič and Natalia Sokolovskaya. Donations The Bank’s efforts to support and give back to the environment in which it operates are mainly focused on supporting charitable activities to help underprivileged children and youth, as well as culture and socially beneficial activities. For the 13th consecutive year, the Bank made a New Year donation to support humanitarian and socially beneficial projects which were voted on by the clients of the Bank, Facebook users and the employees. Most of the votes were given to the "Botrstvo" project, which operates under the auspices of the Friends of Youth Association of Ljubljana Moste Polje, while the Red Noses Association and Hospic Ljubljana Institute ranked second and third respectively. Through the donation, we helped children from socially disadvantaged environments develop their talents, infused hospital daily life with laughter, and helped terminally ill patients and their relatives. In 2018, we also helped the Muscular Dystrophy Association, which works to pave the way for people with muscular dystrophy to active life. The employees of UniCredit Bank Slovenia d.d. have also shown a special sense of charity for several years. In the past year they again came together and renounced their New Year's gift-giving for the benefit of a family with two elementary pupils who lived in a dilapidated old house without heating. With a single joint donation, they made it possible for the family to spend the holidays in a warm home. Before the beginning of the school year, employees have traditionally collected school supplies and thus helped over 100 children from socially disadvantaged environments start a new school year. Report from the Supervisory Board Report from the Supervisory Board General In 2018, the Supervisory Board of UniCredit Banka Slovenija d.d. monitored and oversaw the current business operations of the Bank and the Group (hereinafter together referred to as: the Bank), the financial results attained and the work of its Management Board, in accordance with its powers, authorizations and duties as set out in the Articles of Association of the Bank and in the Rules of Procedure of the Supervisory Board, as well as based on the provisions in force of the Companies Act and the Banking Act and respective executive regulations. At the Supervisory Board’s regular sessions, the Bank’s Management Board kept the members of the Supervisory Board informed of the following issues: all important business events in the Bank and other activities related to the Bank's operating business; the economic and political environment; important changes of legislation that affected the Bank's operating business; and the Bank’s achieved financial results as compared to the adopted financial plan of operations. The Management Board also regularly informed the Supervisory Board about the expected financial results until the end of the fiscal year and about their fulfilment as well as about business initiatives, in particular in the field of digitalization. In 2018, several changes occurred in the structure of the Bank's Supervisory Board. A new member joined a 4-member Supervisory Board. Namely, on 20 February 2018, at the Bank’s Annual Meeting of Shareholders Pasquale Giamboi was appointed as the member of the Supervisory Board. In line with the Bank's Fit & Proper Policy, the assessment procedure regarding suitability and adequacy for the newly appointed member of the Supervisory Board was carried out and sent to the regulatory body. The Supervisory Board of the Bank is thus composed of five members, namely: Marco Lotteri (Chairman), Helmut Franz Haller (Deputy Chairman), Franco Andreetta and Laura Kristina Orlić (former) Bendeković and Pasquale Giamboi. Despite the specific ownership structure, whereby UniCredit S.p.A. is a 100-percent owner of the Bank, in addition to the members of the Supervisory Board employed with the parent group UniCredit, one Supervisory Board member (Franco Andreetta) is an external expert in the area of accounting and financial business who contributed to a high-quality and transparent performance of the Supervisory Board in the year 2018. Moreover, the members of the Supervisory Board are not personally, directly or indirectly, involved in the ownership structure nor are they in any business relationship with the Bank, thus avoiding any potential conflicts of interest. Nonetheless, the parent group UniCredit has adequate mechanisms to control and solve potential conflicts of interest, should they occur. In the year 2018, the Bank’s Supervisory Board met and adopted resolutions at four regular meetings. All members of the Supervisory Board were present at all meetings. In line with legal provisions, its powers as set out in the Articles of Association and in accordance with the Bank's need for efficient work, individual resolutions were also adopted at Supervisory Board correspondence sessions and subsequently presented and validated during the next regular meeting of the Supervisory Board. All decisions or resolutions of the Supervisory Board were adopted unanimously, whereas the members of the Supervisory Board expressed with arguments their standpoints with regard to their adoption and actively participated in the discussion. Also, members of the Supervisory Board regularly participated in trainings and education in the fields which are important for high-quality and effective fulfilment of tasks. The Supervisory Board thoroughly examined respective submitted materials and reports of the Supervisory Board Audit Committee and other committees and requested their supplementations when necessary. Moreover, the Supervisory Board verified its activities on a regular basis and thus additionally contributed to the expertise and quality of its work. During monitoring the Bank’s operations, the Supervisory Board obtained and analysed both the materials containing data on the performance of the Bank itself as well as of its affiliated company UNICREDIT LEASING, leasing, d.o.o. The Supervisory Board therefore deems its work in 2018 as quality and on high ethical standing, professional and in line with the valid legislation and internal rules of the parent group UniCredit. Important Supervisory Board Decisions At its 75th regular meeting, on 5 March 2018, the Supervisory Board adopted the Annual Report of the Bank’s operations for 2017, proposed to the Bank’s General Meeting of Shareholders the nomination of an External Auditor on the basis of the Audit Committee proposal, provided its opinion on the Internal Audit unit’s Annual Report on internal audit for 2017, and adopted the Resolution on creation of accumulated profit and the Resolution on the use of the net profit for the fiscal year 2017. It was briefed about the Auditor’s report of the Authorized Auditing Company for 2017, to which it had no comments, and approved all other documents, on whereupon the General Meeting of Shareholders of the Bank made decisions on 12 March 2018. Furthermore, the Supervisory Board appointed Lea Branecka as the member of the Bank’s Management Board and confirmed local risk assessment factors (RAF) for the year 2018. At the 76th regular meeting, which took place on 8 May 2018, the Supervisory Board reappointed Stefan Vavti as the Bank's Chairman of the Management Board, provided its consent to the changes of the Bank’s organizational scheme, approved the Governance Rules of the parent group UniCredit, valid also for the Bank, and the Bank’s first quarter results. At the 77th regular meeting, which took place on 26 July 2018, the Supervisory Board approved the Rules on the process for obtaining consents of the Supervisory Board for the conclusion of legal transactions representing the Bank’s large exposure to a single individual, the Governance Rules of the parent group UniCredit, valid also for the Bank, the Bank’s results for the first half year and provided its consent to the Rules on the incentive system for the year 2018. On 20 November 2018, at their 78th regular meeting the Supervisory UniCredit Bank · Translation of 2018 Annual Report 229 Report from the Supervisory Board Report from the Supervisory Board Board members were briefed about the resignation of the Management Board member Sergio Marino, responsible for the Global Banking Services division, they approved the changes of the Bank's organizational structure, the Governance Rules of the parent group UniCredit, valid also for the Bank, and approved the Bank’s third quarter results. The Supervisory Board participated in the adoption of all measures and activities required to implement the overall business policy of the parent group UniCredit. It approved the development plan and the Bank’s basic business policies as well as the Bank’s financial plan for 2018. It also adopted and controlled the implementation of the general principles of the compensation policy, rendered its approval on ascertainment of organisation of the internal controls system and framework annual program of the Internal Audit department and oversaw the adequacy of procedures and efficiency of the Internal Audit department functioning. The Supervisory Board also closely monitored the response of the Bank to the current developments in the economy and it was regularly informed about the implementation of the Internal Audit plan of work, approved by the Supervisory Board, and its findings, as well as the inspections conducted by external supervisory institutions. In line with the Bank’s risk profile, the Supervisory Board closely monitored the amount of necessary and formed impairments and provisions, the issue of negative interest rates and in general of the Bank’s net interest revenues and discussed the findings and recommendations by the bodies of the regulatory supervision of the Bank. The Supervisory Board paid particular attention to monitoring the exposure of the Bank's clients with loans in Swiss francs and the consequences and the Bank's measures regarding it, including the status of received actions against the Bank related to loans linked to Swiss franc as well as the interest groups' activities regarding the legislative settlement of the subject issue. Operation of the Supervisory Board Committees The Audit Committee of the Bank’s Supervisory Board had four regular meetings in 2018 (consecutively numbered from 47 to 50). As an advisory body of the Supervisory Board, which consisted of Pasquale Giamboi (Chairman), Franco Andreetta (member) and Helmut Franz Haller1 (member), the Audit Committee’s operations include assessing, advisory and proposing functions, whereby it supports the Supervisory Board in the fulfilment of its duties and responsibilities regarding the following: the adequacy and effectiveness of the Bank’s internal control procedures, including the assessment and measurement of risks and risk management; the compliance with legislation, rules and policies governing the Bank’s operations; the adequacy of accounting standards used for the preparation of financial statements; the adequacy and independence 1 Marco Lotteri was the Chairman of the Audit Committee until 20 February 2018. 230 Translation of 2018 Annual Report · UniCredit Bank of the external bank auditors and the assurance of an adequate employee structure within the Internal Audit unit. The Risk Committee which was established in 2015 had five regular meetings in 2018 (consecutively numbered from 1 to 5). As an advisory body of the Supervisory Board, which consists of Marco Lotteri (Chairman) and Helmut Franz Haller and Pasquale Giamboi (members), the Risk Committee particularly provides advise to the Supervisory Board regarding the Bank's general tendency to assume risks and risk management strategies and verifies whether in the compensation system the following is being considered: risk, capital, liquidity, probability and time arrangement of the Bank's revenues as well as whether the prices of the Bank's products are in line with the business model and the strategy of managing the Bank's risks. Also, the Risk Committee regularly deals with and reviews credit exposures which are under the Supervisory Board’s approval competence as well as current topics related to risk management which are dealt with together with regulators and auditors. The Nomination Committee which was also established in 2015 had four meetings in 2018. The latter consists of Helmut Franz Haller (Chairman) and Laura Kristina Orlić and Marco Lotteri (members). Its main task is to recommend the Supervisory Board the candidates for the Management Board members and to recommend to the Bank's Annual Meeting of Shareholders the candidates for the Supervisory Board members, whereby it considers the Bank's Fit & Proper Policy, required by the EBA and ESMA Guidelines on the assessment of the suitability of members of management body and holders of key functions and the Regulation of the Bank of Slovenia on internal governance arrangements, the governing body and the internal capital adequacy assessment process for banks and savings banks. Furthermore, it assesses the structure, size, composition and success of functioning of the Management Board and the Supervisory Board and reviews the Management Board's policy regarding selection and appointment of adequate candidates for members of the Bank's management. The Compensation Committee consists of Laura Kristina Orlić (Chairwoman) and Franco Andreeta and Marco Lotteri (members). It was established in 2015, and in 2018 it had four meetings. The Committee provides assessment of compensation policies and practices, prepares proposals of the Management Board or the Supervisory Board decisions regarding compensation and supervises the compensation of persons performing managerial functions regarding the risk management and ensuring compliance of operations. Use of Net Profit and Accumulated Profit for Fiscal Year 2018 year 2018. Based on the regular monitoring of the Bank’s operations and the above-mentioned reviews, the Supervisory Board approved the Annual Report on the Bank’s business operations in 2018. The Bank’s Management Board presented for discussion to the Supervisory Board the Resolution on the use of net profit for the year 2018 in the amount of 20,614,312.13 euros and the draft Resolution on the creation of accumulated profit for the year 2018 in the amount of 22,359,930.72 euros. The Bank's Management Board proposed that the Bank’s accumulated profit in amount of 4,106,068.68 euros be distributed to the shareholder and the remaining amount of 18,253,862.04 euros shall remain undistributed. The Bank’s Management Board also proposed that the Supervisory Board and the General Meeting of Shareholders adopt the proposed Resolution on the creation of accumulated profit for the year 2018, in accordance with their powers. The Audit Report on the review of the financial statements for the fiscal year 2018, which was presented to the Supervisory Board along with the Annual Report, also includes the opinion of the certified auditor. The certified auditor issued an unqualified opinion. The Supervisory Board was briefed about the Bank's Audit Report for 2018 and about an additional Audit report on meeting the criteria for risk management for 2018 and has no objections thereto. The Supervisory Board adopted the Resolution on the use of net profit for 2018, approved the Management Board’s proposal for the creation of accumulated profit for the year 2018, and recommended to adopt it in the proposed form at the General Meeting of Shareholders. Annual Report for 2018 The Bank’s Management Board prepared the Annual Report on the business operations of UniCredit Banka Slovenija d.d. and a consolidated Annual Report for the Group in 2018 (hereinafter together referred to as: the Annual report) and presented it to the Bank's Supervisory Board for review within the legally prescribed deadline. Together with the Annual Report, the Supervisory Board also received the Audit Report on the review of the financial statements for the fiscal year 2018 and an additional Audit report on meeting the criteria for managing credit risks in the Bank from the first paragraph of Article 90 of the Banking Act, both prepared by the certified auditing company DELOITTE REVIZIJA d.o.o. The Supervisory Board reviewed the Annual Report, submitted by the Bank’s Management Board. It established that the Annual Report was consistent with the reports and information on the Bank's performance in 2018, as well as with the reports on the economic and political environment in which the Bank operates and which were presented to the Supervisory Board during the course of the fiscal year. Comparing the Annual Report with the audited financial statements for the fiscal year 2018, the Supervisory Board established that the financial results presented in the Annual Report were consistent with the Audit Report. Based on the Bank’s Management Board’s reports, the Supervisory Board believes that in 2018 the Management Board took into consideration findings and recommendations by the internal audit and by external auditors and that they carried out all necessary activities for their fulfilment or ensured that all necessary activities would be carried out. In the opinion of the Supervisory Board, both the Management Board and the Supervisory Board fulfilled all their legal requirements in the fiscal Report on Relationships with Related Undertakings for the Year 2018 In line with Article 546.a of the Companies Act, the Bank's Supervisory Board reviewed and verified the Report on relationships with related undertakings submitted by the Bank’s Management Board, together with the opinion submitted to the subject Report by the certified auditor DELOITTE REVIZIJA d.o.o.. where the latter stated that based on procedures and the evidence obtained, nothing has come to their attention that would cause them to believe that: • the information in the Report on Related Party Relationships for the year ended 31 December 2018 is not presented fairly, in all material respects; • the fulfilment of the company's obligations in the scope of the legal transactions presented in the Report, based on the circumstances known at the time of these transaction, was materially disproportionate; • that circumstances exist which, in relation to other actions disclosed in the Report, would indicate an assessment of disadvantages incurred that is substantially different from the assessment presented by the management; all of which was considered based on the above criteria. While taking into account continuous monitoring and reviewing of the Bank’s operations, as explained in full detail in this Report, the Bank’s Supervisory Board establishes that the Report on relationships with related undertakings submitted by the Bank’s Management Boards as well as the Bank’s Management Board statement provided at the end of the Report on relationships with related undertakings, together with the opinion submitted to the subject Report by the certified auditing company DELOITTE REVIZIJA d.o.o., is adequate. The Supervisory Board Marco Lotteri Chairman of the Supervisory Board UniCredit Bank · Translation of 2018 Annual Report 231 Business Report Statement of Responsibility The Management Board is responsible for preparing individual and consolidated financial statements for the financial year. These should give a true and fair view of the state of affairs of UniCredit Banka Slovenija d.d. and of the Group as of the end of the financial year and of the profit or loss and cash flow for that year. The Management Board has prepared individual and consolidated financial statements in line with the going-concern principle. In preparing the financial statements in the Annual Report for the year ended on 31 December 2018, the Management Board has used appropriate accounting policies, consistently applied and supported them by reasonable and prudent judgments and estimates, and ensured that all accounting standards which they consider significant have been followed. The Management Board has the responsibility for ensuring that the Bank and the Group keeps accounting records which disclose with reasonable accuracy the Bank’s and the Group’s financial position and which enable the Management to ensure that the financial statements comply in all material respects with the regulations of the Government of the Republic of Slovenia, the Central Bank of Slovenia and the International Financial Reporting Standards as adopted by the European Union. The Management also has a general responsibility to take such steps as are reasonably required to safeguard the assets of the Bank and to prevent and detect any fraud and other irregularities. At any time within a period of five years following the year in which the tax must be assessed, the tax authorities may conduct an audit of the Bank’s operations, which may consequently result in additional tax liabilities, default interest and penalties arising from the corporate income tax or other taxes and levies. The Company’s Management Board does not know of any circumstances that could give rise to a major liability thereunder. On behalf of the Management Board Stefan Vavti Chairman of the Management Board Lea Branecka Damijan Dolinar Member of the Management Board Member of the Management Board Alessandro Pontoglio Ivanka Prezhdarova Member of the Management Board Member of the Management Board Ljubljana, 1 March 2019 232 Translation of 2018 Annual Report · UniCredit Bank Business Report Report on Relationships with Related Undertakings In line with Articles 545 and 546 of ZGD-1, on 1 March 2019 the Bank's Management Board prepared the Report on relationships with related undertakings. The Report outlines all legal transactions which the Bank's Management Board concluded with the companies from the UniCredit Group during the course of the financial year ending on 31 December 2018. In line with paragraph 5 of Article 545 of the Companies Act, the Bank's Management Board explains that at conclusion of legal transactions the UniCredit Group’s companies did not use their influence in a way that the Bank would perform a harmful financial transaction for itself or that it would act or suspend to act to its own damage and that the Bank, in the circumstances which were know to them at the moment when legal transactions with related parties were performed, for each legal transaction obtained adequate compensation or it was not disadvantaged. The Report on relationships with related undertakings was reviewed by the auditing company Deloitte Revizija d.o.o., Dunajska cesta 165, 1000 Ljubljana. On behalf of the Management Board Stefan Vavti Chairman of the Management Board Lea Branecka Damijan Dolinar Member of the Management Board Member of the Management Board Alessandro Pontoglio Ivanka Prezhdarova Member of the Management Board Member of the Management Board Ljubljana, 1 March 2019 UniCredit Bank · Translation of 2018 Annual Report 233 Business Report Authorisation of the Bank of Slovenia Types of Services for which UniCredit Banka Slovenija d.d. Holds Authorisation of the Bank of Slovenia UniCredit Banka Slovenija d.d. has an authorization to perform banking services pursuant to Article 5 of the Banking Act (Official Gazette of the Republic of Slovenia, No. 25/15, hereinafter: ZBan-2). Banking services are the acceptance of deposits and other repayable funds from the public and granting credits for its own account. The Bank also has an authorization to perform mutually recognized and additional financial services. Pursuant to Article 5 of the ZBan-2, the Bank may perform the following mutually recognized financial services: • receiving deposits • granting of loans, including: - consumer loans, - mortgage loans, - purchase of receivables with or without recourse (factoring), - financing of commercial transactions, including export financing based on the purchase of non current non-past-due receivables at a discount and without recourse, secured by financial instruments (forfeiting) • financial leasing (lease or rent) of assets, where all material risks and benefits arising from ownership of the leased asset are transferred to the lessee, and where the transfer of ownership rights to the lessee is possible but not necessarily exercised • payment services • issuance and management of other payment instruments (i.e. travelers’ cheques and banker's drafts) in the part in which this service is not included in service of point 4 of this Article • issuing of guarantees and other commitments • trading for own account or for the account of clients: - in-money-market instruments, - in foreign exchange, including currency exchange transactions, - financial futures and options, - exchange and interest-rate instruments, - in transferable securities • participation in securities issues and the provision of associated services • corporate consultancy with regard to capital structure, operational strategy and related matters, and consultancy and services in connection with corporate mergers and acquisitions • investment management and related advisory services • investment services and transactions, and ancillary investment services in accordance with the ZTFI 234 Translation of 2018 Annual Report · UniCredit Bank The Bank may perform the following additional financial services, pursuant to Article 6 of the ZBan-2: • brokerage in the sale of insurance policies pursuant to the law governing the insurance industry • custodian services according to the law governing investment funds and management companies • brokerage of financial leasing. Improve asset quality. We are continuing to improve our asset quality by de-risking our balance sheet, fully on track for the accelerated rundown of our Non Core portfolio by 2021. A disciplined risk management approach guarantees high quality origination across the Group. UniCredit Bank · Translation of 2018 Annual Report 235 Report of Auditors Report of Auditors 236 Translation of 2018 Annual Report · UniCredit Bank UniCredit Bank · Translation of 2018 Annual Report 237 Report of Auditors Report of Auditors 238 Translation of 2018 Annual Report · UniCredit Bank UniCredit Bank · Translation of 2018 Annual Report 239 Report of Auditors Report of Auditors 240 Translation of 2018 Annual Report · UniCredit Bank UniCredit Bank · Translation of 2018 Annual Report 241 Report of Auditors Report of Auditors 242 Translation of 2018 Annual Report · UniCredit Bank UniCredit Bank · Translation of 2018 Annual Report 243 Report of Auditors Report of Auditors 244 Translation of 2018 Annual Report · UniCredit Bank UniCredit Bank · Translation of 2018 Annual Report 245 Financial Statements of the Bank and the Group Financial Statements Statement of Financial Position 247 Statement of Income 249 Statement of Comprehensive Income 250 Statement of Changes in Equity 251 Statement of Cash Flows 253 Summary of Accounting Policies 255 Notes on the Financial Statements 271 Declaration of the Adequacy of Risk Management Arrangements 310 Risk Report 311 246 Translation of 2018 Annual Report · UniCredit Bank Statement of Financial Position EUR '000 Item Bank Note 31/12/2018 Group 31/12/2017 31/12/2018 31/12/2017 Cash, cash balances with the Central Bank and demand deposits at banks 1 238,422 412,560 238,422 412,560 Financial assets held for trading 2 8,620 6,932 8,620 6,932 Non-trading financial assets mandatorily at fair value through profit or loss 3 4,125 - 4,125 - Financial assets at fair value through other comprehensive income 4 408,363 - 408,363 - Available-for-sale financial assets (according to IAS 39) 5 - 397,142 - 397,142 Financial assets at amortised cost 6 1,964,631 - 2,007,368 - 37,637 - 37,637 - 1,924,380 - 1,966,981 - 2,614 - 2,750 - - 1,852,776 - 1,898,469 Loans to banks Loans to non-bank customers Advances Loans and receivables (according to IAS 39) 7 To banks - 40,994 - 40,994 To customers - 1,807,528 - 1,850,488 Other financial assets - 4,254 - 6,987 Held-to-maturity financial assets (according to IAS 39) 8 - 7,202 - 7,202 Derivatives - hedge accounting 9 10,704 11,334 10,704 11,334 Fair value changes of the hedged items in portfolio interest rate risk 10 424 (2,418) 424 (2,418) Investments in subsidiaries, associates and joint ventures 11 1 1 - - Tangible assets 12 2,849 3,629 6,601 6,969 2,849 3,629 5,228 5,550 Property, plant and equipment - - 1,373 1,419 Intangible assets Investment property 13 14,549 15,458 14,870 15,755 Tax assets 14 1,426 - 4,993 3,644 1,426 - 1,426 3,644 Current tax assets Deferred tax assets Other assets TOTAL ASSETS 15 - - 3,567 1,388 1,254 3,958 2,096 2,655,502 2,705,870 2,708,448 2,759,685 UniCredit Bank · Translation of 2018 Annual Report 247 Financial Statements of the Bank and the Group Statement of Financial Position Financial liabilities held for trading 16 9,216 7,075 9,216 7,075 Financial liabilities designated at fair value through profit or loss 17 1,282 - 1,282 - Financial liabilities measured at amortised cost 18 2,341,903 2,383,064 2,373,194 2,419,270 106,696 144,801 106,696 144,801 1,922,621 1,957,535 1,919,950 1,950,780 292,503 256,366 324,453 298,193 20,083 24,362 22,095 25,496 Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities Derivatives - hedge accounting 19 23,122 19,256 23,122 19,256 Fair value changes of the hedged items in portfolio interest rate risk 20 3,888 - 3,888 - Provisions 21 20,517 14,484 20,536 14,484 Tax liabilities 14 1,872 3,073 2,167 3,465 - 1,215 295 1,607 1,872 1,858 1,872 1,858 2,244 1,674 3,506 3,132 2,404,044 2,428,626 2,436,911 2,466,682 Current tax liabilities Deferred tax liabilities Other liabilities 22 TOTAL LIABILITIES Share capital 23 20,384 20,384 20,384 20,384 Share premium 24 107,760 107,760 107,760 107,760 Accumulated other comprehensive income 25 16,319 26,087 16,319 26,087 Reserves from profit 26 84,635 84,635 100,394 102,500 Retained earnings including profit / loss from current year 27 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 22,360 38,378 26,680 36,272 251,458 277,244 271,537 293,003 2,655,502 2,705,870 2,708,448 2,759,685 In the Group’s Statement, the equity as a whole is the equity of the Bank's shareholders. The notes form an integral part of the financial statements. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 248 Translation of 2018 Annual Report · UniCredit Bank Statement of Income Statement of Income EUR '000 Item Bank Note Group 2018 2017 2018 2017 Interest income 28 56,437 55,652 61,362 59,505 Interest expense 29 (11,244) (12,359) (11,676) (12,689) 46,816 Interest net income 45,193 43,293 49,686 Dividend income 30 45 140 45 140 Fee and commission income 31 30,932 32,201 30,962 32,209 Fee and commission expenses 32 Fee and commission net income (8,137) (8,038) (8,272) (8,188) 22,795 24,163 22,690 24,021 Net gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss 33 4,756 216 4,756 216 Net gains or losses on financial assets and liabilities held for trading 34 4,491 1,724 4,491 1,724 Net gains or losses on non-trading financial assets mandatorily at fair value through profit or loss 35 585 - 585 - Net gains or losses on financial assets and liabilities designated at fair value through profit or loss 36 (142) - (142) - Net gains or losses from hedge accounting 37 130 (5,710) 130 (5,710) Net exchange differences 38 (1,392) 2,364 (1,397) 2,352 Net gains or losses on derecognition of non-financial assets 39 (159) (649) (94) (551) Other operating net income 40 (454) (1,110) (33) (310) Administrative expenses 41 (36,245) (36,866) (37,332) (38,080) Depreciation 42 (5,098) (5,170) (5,769) (5,937) Net modification gains or losses 43 (67) - (67) - Provisions 44 (8,773) (4,716) (8,956) (4,352) Impairments 45 (787) 29,033 137 23,479 Profit or loss from non-current assets and disposal groups classified as held for sale, not qualifying as discontinued operations 46 9 4 9 4 24,887 46,716 28,739 43,812 (4,273) (8,375) (5,371) (7,577) 20,614 38,341 23,368 36,235 4.22 7.84 4.78 7.41 PROFIT / LOSS BEFORE TAX Corporate income tax 47 PROFIT OR LOSS FOR THE FINANCIAL YEAR Basic and diluted earning per share (EUR) 27 In the Group’s Statement, the net profit as a whole is a net profit of the Bank's shareholders. UniCredit Bank · Translation of 2018 Annual Report 249 Financial Statements of the Bank and the Group Statement of Other Comprehensive Income Statement of Other Comprehensive Income EUR '000 Bank Item Note Profit or loss for the financial year Other comprehensive income 25 Group 2018 2017 2018 2017 20,614 38,341 23,368 36,235 (9,484) 7,007 (9,484) 7,007 Items that will not be reclassified to profit or loss 11 17 11 17 Actuarial gains (losses) on defined benefit pension plans 21 19 21 19 (12) - (12) - Fair value changes of equity instruments measured at fair value through other comprehensive income Income tax relating to items that will not be reclassified Items that may be reclassified to profit or loss Cash flow hedges (effective portion) 25 2 (2) 2 (2) (9,495) 6,990 (9,495) 6,990 4,059 (951) 4,059 (951) Valuation gains (losses) taken to equity (608) (837) (608) (837) Transferred to profit or loss (343) 4,896 (343) 4,896 (10,771) 4,571 (10,771) 4,571 (9,145) 4,561 (9,145) 4,561 (1,626) 10 (1,626) 10 2,227 (1,640) 2,227 (1,640) 11,130 45,348 13,884 43,242 Debt instruments at fair value through other comprehensive income 25 Valuation gains (losses) taken to equity Transferred to profit or loss Income tax relating to items that may be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX 25 In the Group’s Statement, the comprehensive income after tax as a whole is a comprehensive income of the Bank's shareholders. The notes form an integral part of the financial statements. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 250 Translation of 2018 Annual Report · UniCredit Bank Statement of Changes in Equity Bank 2018 EUR '000 Accumulated other comprehensive income Financial assets at fair value through other Cash flow comprehensive hedge income Actuarial gains (losses) on defined benefit pension plans Reserves from profit Retained earnings including profit / loss from current year Total equity Share capital Share premium 20,384 107,760 4,195 21,368 524 84,635 38,378 277,244 - - - (277) - - (369) (646) 20,384 107,760 4,195 21,091 524 84,635 38,009 276,598 Total comprehensive income for the year, net of income tax - - (770) (8,733) 19 - 20,614 11,130 Appropriation of (accounting for) dividends - - - - - - (36,270) (36,270) Transfer among equity items * - - - (7) - - 7 - 20,384 107,760 3,425 12,351 543 84,635 22,360 251,458 22,360 22,360 Item OPENING BALANCE FOR THE REPORTING PERIOD (before restatement) Effects of changes in accounting policies OPENING BALANCE FOR THE REPORTING PERIOD CLOSING BALANCE FOR THE REPORTING PERIOD BALANCE SHEET AVAILABLE PROFIT FOR FINANCIAL YEAR * transfer of realized effect from derecognition of equity investments at fair value through other comprehensive income to retained earnings 2017 EUR '000 Accumulated other comprehensive income Financial assets at fair value through other Cash flow comprehensive hedge income Actuarial gains (losses) on defined benefit pension plans Reserves from profit Retained earnings including profit / loss from current year Total equity Share capital Share premium 20,384 107,760 907 17,665 506 84,635 13,919 245,776 Total comprehensive income for the year, net of income tax - - 3,288 3,703 18 - 38,341 45,350 Appropriation of (accounting for) dividends - - - - - - (13,882) (13,882) 20,384 107,760 4,195 21,368 524 84,635 38,378 277,244 38,378 38,378 Item OPENING BALANCE FOR THE REPORTING PERIOD CLOSING BALANCE FOR THE REPORTING PERIOD BALANCE SHEET AVAILABLE PROFIT FOR FINANCIAL YEAR UniCredit Bank · Translation of 2018 Annual Report 251 Financial Statements of the Bank and the Group Statement of Changes in Equity Group 2018 EUR '000 Accumulated other comprehensive income Item OPENING BALANCE FOR THE REPORTING PERIOD (before restatement) Effects of changes in accounting policies OPENING BALANCE FOR THE REPORTING PERIOD Total comprehensive income for the year, net of income tax Appropriation of (accounting for) dividends Transfer of net profit to reserves from profit Transfer among equity items * CLOSING BALANCE FOR THE REPORTING PERIOD BALANCE SHEET AVAILABLE PROFIT FOR FINANCIAL YEAR Financial assets at fair value through other Cash flow comprehensive hedge income Actuarial gains (losses) on defined benefit pension plans Reserves from profit Retained earnings including profit / loss from current year Total equity Share capital Share premium 20,384 107,760 4,195 21,368 524 102,500 36,272 293,003 - - - (277) - - 1,197 920 20,384 107,760 4,195 21,091 524 102,500 37,469 293,923 - - (770) (8,733) 19 - 23,368 13,884 - - - - - - (36,270) (36,270) - - - - - (2,106) 2,106 - - - - (7) - - 7 - 20,384 107,760 3,425 12,351 543 100,394 26,680 271,537 26,680 26,680 * transfer of realized effect from derecognition of equity investments at fair value through other comprehensive income to retained earnings 2017 EUR '000 Accumulated other comprehensive income Item OPENING BALANCE FOR THE REPORTING PERIOD Total comprehensive income for the year, net of income tax Appropriation of (accounting for) dividends Transfer of net loss of UniCredit leasing d.o.o. to reserves from profit Rounding CLOSING BALANCE FOR THE REPORTING PERIOD BALANCE SHEET AVAILABLE PROFIT FOR FINANCIAL YEAR Financial assets at fair value through other Cash flow comprehensive hedge income Actuarial gains (losses) on defined benefit pension plans Reserves from profit Retained earnings including profit / loss from current year Total equity Share capital Share premium 20,384 107,760 907 17,665 506 98,573 17,846 263,641 - - 3,288 3,703 18 - 36,235 43,244 - - - - - - (13,882) (13,882) - - - - - 3,928 (3,928) - - - - - - (1) 1 - 20,384 107,760 4,195 21,368 524 102,500 36,272 293,003 36,272 36,272 In the Group’s Statement, the equity as a whole is equity of the Bank's shareholders. The notes form an integral part of the financial statements. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 252 Translation of 2018 Annual Report · UniCredit Bank Statement of Cash Flows EUR '000 Item A. a) 2018 2017 2018 2017 24,887 46,716 28,903 43,812 5,098 5,170 5,769 5,937 Impairments / (reversal of impairments) of investments in debt securities measured at fair value through other comprehensive income 8 - 8 - Impairments / (reversal of impairments) of loans and receivables - (31,399) - (27,198) Impairments / (reversal of impairments) of loans and other financial assets measured at amortised cost 778 - (136) - Impairments of tangible assets (including investment property), intangible fixed assets and other assets 155 638 155 638 1,392 (2,364) 1,397 (2,353) - (355) - (355) 67 - 67 - (10) (4) (84) 73 61 - 73 - Total profit or loss before tax Net (gains) / losses from exchange differences Net (gains) / losses from held-to-maturity financial assets (according to IAS 39) Net modification (gains) / losses Net (gains) / losses from sale of tangible assets Other (gains) / losses from investing activities Other (gains) / losses from financing activities (1,459) (9,769) (1,459) (9,769) Other adjustments to total profit or loss before tax 12,531 (26,857) 12,526 (27,058) Cash flow from operating activities before changes in operating assets and liabilities 43,508 (18,224) 47,219 (16,273) (144,684) (22,102) (141,135) (11,708) Net (increase) / decrease in financial assets held for trading (Increases) / decreases in operating assets (excl. cash and cash equivalents) (33) 8,230 (33) 8,230 Net (increase) / decrease in non-trading financial assets mandatorily at fair value through profit or loss (27) - (27) - (23,139) - (23,139) - Net (increase) / decrease in financial assets measured at fair value through other comprehensive income Net (increase) / decrease in financial assets available for sale (according to IAS 39) - 40,243 - 40,243 Net (increase) / decrease in loans and receivables - (75,664) - (65,743) (115,535) - (110,258) - (2,966) 3,129 (2,966) 3,129 Net (increase) / decrease in loans and receivables measured at amortised cost Net (increase) / decrease in assets-derivatives - hedge accounting Net (increase) / decrease in other assets c) Group CASH FLOWS FROM OPERATING ACTIVITIES Depreciation b) Bank (Increases) / decreases in operating liabilities Net (increase) / decrease in financial liabilities held for trading Net (increase) / decrease in financial liabilities designated at fair value through profit or loss Net increase / (decrease) in deposits, loans and receivables measured at amortised cost Net (increase) / decrease in liability-derivatives - hedge accounting Net increase / (decrease) in other liabilities d) Cash flow from operating activities (a+b+c) e) Income taxes (paid) refunded f) Net cash flow from operating activities (d+e) (2,984) 1,960 (4,712) 2,432 (40,204) 163,180 (45,296) 147,336 1,945 274 1,945 274 142 - 142 - (43,277) 148,603 (48,192) 132,104 (3,472) 15,582 (3,472) 15,582 4,458 (1,279) 4,281 (624) (141,380) 122,854 (139,212) 119,354 (4,605) (2,481) (5,723) (3,825) (145,985) 120,373 (144,935) 115,529 UniCredit Bank · Translation of 2018 Annual Report 253 Financial Statements of the Bank and the Group Statement of Cash Flows B. CASH FLOWS FROM INVESTING ACTIVITIES a) Receipts from investing activities Receipts from the sale of tangible assets Receipts from the disposal of investments in debt securities measured at amortized cost Receipts from non-current assets or related liabilities held for sale Other receipts from investing activities b) Cash payments on investing activities (Cash payments to acquire tangible assets) (Cash payments to acquire intangible assets) c) Net cash flow from investing activities (a-b) C. CASH FLOWS FROM FINANCING ACTIVITIES b) Cash payments on financing activities c) Net cash flow from financing activities (a-b) (Dividends paid) C. Effects of change in exchange rates on cash and cash equivalents D. Net increase in cash and cash equivalents (Af+Bc) E. F. 7,321 320 8,502 5,183 58 6,983 40 1,156 4,903 - 6,983 - - - 83 - 280 280 280 280 (3,613) (3,687) (5,843) (5,711) (702) (534) (2,824) (2,505) (2,911) (3,153) (3,019) (3,206) 3,708 (3,367) 2,659 (528) (36,270) (13,882) (36,270) (13,882) (36,270) (13,882) (36,270) (13,882) (36,270) (13,882) (36,270) (13,882) 214 (3,222) 214 (3,222) (178,547) 103,124 (178,546) 101,119 Opening balance of cash and cash equivalents (Note 42) 416,763 316,861 416,763 318,866 Closing balance of cash and cash equivalents (C+D+E) (Note 42) 238,430 416,763 238,430 416,763 The notes form an integral part of the financial statements. Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 254 Translation of 2018 Annual Report · UniCredit Bank Summary of Accounting Policies General Information a) Foreign currency translation Reporting entity Functional and presentation currency: Items included in the financial statements for both years, 2018 and 2017, are measured in euros, which is the Group’s functional and presentation currency. UniCredit Banka Slovenija d.d. is a commercial bank incorporated in Slovenia. It provides a wide variety of financial services to corporate and individual customers. The Bank was registered as a jointstock company on 24 January 1991. The Bank’s legal address is Šmartinska 140, Ljubljana, Slovenia. On 31 December 2018, the Bank was operating a total of 24 branches throughout Slovenia. The Bank is a subsidiary of UniCredit S.p.A. with registered office in Milan, Piazza Gae Aulenti 3 - Tower A, Italy, which is also the ultimate parent company of the Group. The Bank’s Financial Statements are part of consolidated Financial Statements of the parent group UniCredit, which can be seen on https://www.unicredit.it/. Statement of compliance These financial statements have been prepared in accordance with the International Financial Reporting Standards and interpretations approved by the International Accounting Standards Board (IASB) as endorsed by the European Commission up to 31 December 2018 (hereinafter referred to as: IFRS). Consolidation scope and methods Transactions and balances: Foreign currency transactions are translated into the functional currency using the European Central Bank exchange rates at the dates of transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the Statement of Income. Forward transactions denominated in a foreign currency are translated into euro using the forward rate. The spot rates of exchange used in preparation of the Group’s balance sheet as of the reporting date were as follows: Currency 31/12/2018 31/12/2017 CHF 1.1269 1.1702 USD 1.145 1.1993 The Bank is a 100-percent owner of the company UniCredit Leasing, d.o.o.. Therefore, it prepares also consolidated financial statements. They comprise of the financial statements of UniCredit Banka Slovenija d.d. as a parent company and of the financial statements of UniCredit Leasing, d.o.o. as a subsidiary. The accounting policies of the subsidiary are uniform with the accounting policies of the Bank. The intragroup assets and liabilities are eliminated in full. The income and expenses of a subsidiary are included in the consolidated financial statements. b) Offsetting Subsidiary: Company name: UNICREDIT LEASING, leasing, d.o.o. Abbreviated name: UNICREDIT LEASING, d.o.o. Address: Šmartinska cesta 140, 1000 Ljubljana Own equity on 31 December 2018: 19,472 thousand euros Profit and loss for 2018: profit 2,868 thousand euros Bank’s direct share in the subsidiary’s equity: 100 % The preparation of financial statements requires the Management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. General preparation criteria The principal accounting policies applied in the preparation of these financial statements are set out below. These financial statements are prepared in accordance with IFRS, whereby basis for measurement is historical cost, except for measurement of financial assets held for trading, financial assets designated at fair value through profit or loss, financial assets at fair value through other comprehensive income and all derivatives, where basis for measurement is their fair value. These unconsolidated and consolidated financial statements were approved for issue by the Management Board on 1 March 2019. Financial asset and financial liability are offset and their net amount is presented in the Statement of Financial Position only when there is a legally enforceable right to offset the recognized amounts and it is intended either to settle on a net basis, or to realize the asset and settle the liability simultaneously. c) Use of judgements and estimates The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. In continuation, the most important accounting estimates are explained, while others are explained among accounting policies. Measurement of fair values The Bank re-values on a daily basis its derivatives, financial assets mandatorily at fair value through profit or loss as well as financial assets at fair value through other comprehensive income to the fair value of the instrument. However, the determination of fair value for these financial instruments requires the use of valuation techniques in case there is no observable market price. For financial instruments which trade infrequently and have little price transparency, the fair value is less objective and requires a varying decree of judgment depending on different factors. According to the definition of fair value, in line with IFRS 13, the Bank UniCredit Bank · Translation of 2018 Annual Report 255 Financial Statements of the Bank and the Group Summary of Accounting Policies classifies financial assets in three levels, as follows: • Level 1: Quoted price on open market for identical instrument is used as fair value. • Level 2: Fair value is determined using the valuation models, which are based primarily on observable inputs on active markets data. Level 2 also includes financial assets whose fair value is based on the quoted price for an identical instrument, but for which there is no active market. • Level 3: Fair value is determined using the valuation models, which are based primarily on unobservable inputs. An input qualifies as an observable input if it is directly observable as a market price or may be derived from an observable price. Examples of Level 3 inputs are historical volatility or interest rates for currencies and maturities for which there are no observable financial instruments. If the value of a financial instrument is based on non-observable inputs, the value of these inputs at the end of the reporting period may be selected from a range of reasonable possible alternatives. For the purpose of preparing the financial statements, the reasonable values selected for such non-observable inputs are in line with prevailing market conditions and the Bank’s valuation verification approach. Fair Value Adjustments (FVA) represent the difference between the price of a financial instrument obtained using a valuation model and its fair value as defined in IFRS13, which reflects the exit price at which the investment could be closed on the market. FVA methodology of the Group considers the following inputs: • Positive and negative exposure profiles derived from the Counterparty Credit Risk internal model, • PD term structure implied by current market default rates obtained from credit default swaps, • Funding spread curve that is representative of the average funding spread of peer financial groups. FVAs calculated by the Group include: Credit/Debit Valuation Adjustment (CVA/DVA), Close-out costs. CVA/DVA methodology of the Group considers the following inputs: • EAD estimated using simulation techniques that include Specific Wrong-Way Risk due to the correlation between counterparty credit risk and the underlying derivative risk factors, • PD implied by current market default rates obtained from Credit Default Swaps, • LGD based on the estimated level of expected recovery and the market default rate derived from CDS. Close-out costs reflect the cost incurred when closing an active position in a financial instrument on the market. Close-out costs are calculated as the difference between the price at which a financial instrument is valued and the market price, usually represented by the bid-ask spread. Impairments and provisions Loans and debt securities classified as financial assets at amortised cost, financial assets at fair value through comprehensive income and relevant off-balance sheet exposures are tested for impairment as required by IFRS9. 256 Translation of 2018 Annual Report · UniCredit Bank In this regard, these instruments are classified in stage 1, stage 2 or stage 3 according to their absolute or relative credit quality with respect to initial disbursement. Specifically: • Stage 1: includes (i) newly issued or acquired credit exposures, (ii) exposures for which credit risk has not significantly deteriorated since initial recognition, (iii) exposures having low credit risk (low credit risk exemption); • Stage 2: includes credit exposures that, although performing, have seen their credit risk significantly deteriorating since initial recognition; • Stage 3: includes impaired credit exposures. For exposures in stage 1, impairment is equal to the expected loss calculated over a time horizon of up to one year. For exposures in stages 2 or 3, impairment is equal to the expected loss calculated over a time horizon corresponding to the entire life of the exposure. The allocation of credit exposures in one of the abovementioned stages is done at initial recognition, when the exposures is classified at stage 1 and it is periodically reviewed based on “stage allocation” rules as specified in Part Credit risk – Section Impairment and provisioning policies. In order to calculate the expected loss and the related loan loss provision, the Bank uses Probability of Default (“PD”), Loss Given Default (“LGD”) and Exposure at Default (“EAD”) parameters, used for regulatory purposes and adjusted in order to ensure that impairment measurement represents values which are “point in time”, “forward looking” and inclusive of multiple scenarios. In this respect see Part Credit risk – Section Impairment and provisioning policies for further information on expected loss calculation methodologies. With reference to stage 3, it should be noted that it includes impaired exposures corresponding to the aggregate Non-Performing Exposures as ITS EBA (EBA/ITS /2013/03/rev1 7/24/2014), in accordance with Banca d’Italia rules, defined in Circular No.272 of 30 July 2008 and subsequent updates. In particular EBA has defined as “Non-Performing” the exposures that meet one or both of the following criteria: • material exposures with more than 90 days past due; • exposures for which the bank values that is unlikely that the debtor would pay in full his credit obligations without recurring to enforcement and realisation of collaterals, regardless of past due exposures and the number of days the exposure is past due. In addition, the abovementioned Circular No.272 establishes that the aggregate of impaired assets is divided into the following categories: • Non-performing (Bank of Italy class Bad) – formally impaired loans, being exposed to insolvent borrowers, even if the insolvency has not been recognized in a court of law, or borrowers in a similar situation. The measurement is performed on a loan-by-loan or portfolio basis. • Doubtful (Bank of Italy class Unlikely to pay other than Bad (UTP)) – exposure to borrowers experiencing temporary difficulties, which the Group believes may be overcome within a reasonable period. Doubtful loans are valued on a loan-by-loan basis or portfolio basis. • Past-due (Bank of Italy Past Due) – total exposure to any borrower not included in other categories, which at the balance-sheet date has expired facilities or unauthorized overdrafts that are more than 90 days and less than 180 days past due. Doubtful loans are valued on a loan-by-loan basis or portfolio basis. Allowances for impairment of loans and receivables are based on the present value of expected cash flows of principal and interest. In determining the present value of future cash flows, the basic requirement is the identification of estimated collections, the timing of payments and the discount rate used. In particular, the amount of the loss on impaired exposures classified as bad loans and unlikely to pay, according to the categories specified above, is the difference between the carrying amount and the present value of estimated cash flows discounted at the original interest rate of the financial asset. For all fixed rate positions, the interest rate thus determined is kept constant in subsequent financial years, while for floating rate positions the interest rate is updated according to contractual terms. Recovery times are estimated on the basis of business plans or forecasts based on historical recovery experience observed for similar classes of loans, taking into account the customer segment, the type of loan, the type of security and any other factors considered relevant. Also the impairment on impaired exposures was calculated as required by the new accounting standard to include (i) the adjustments necessary to reach the calculation of a point-in-time and forward-looking loss; and (ii) multiple scenarios applicable to this type of exposure. Write offs The Bank and the Group write off financial asset, when they have not any more reasonable expectations of recovering the financial asset (either in its entirety or a portion of it). A write-off constitutes derecognition event. Recoveries resulting from the Group’s enforcement activities will result in impairment gains. Changes in significant accounting policies Except as described below, the accounting policies applied in these financial statements are the same as those applied in the Group’s consolidated financial statements as at and for the year ended 31 December 2017. The changes in accounting policies are also expected to be reflected in the Group’s consolidated financial statements as at and for the year ending 31 December 2018. a. IFRS 9 Transition and summary of impacts In 2018, the Bank and the Group adopted IFRS 9 Financial instruments. The standard introduced significant changes in the rules of classifying and measurement of financial instruments compared to IAS 39. The Bank and the Group defined business model for managing the financial assets and checked the contractual cash flow characteristics of the financial asset. When classifying financial assets as of 31 December 2017, the Bank and the Group classified all loans to business model to hold financial assets in order to collect contractual cash flows; also bond, which was in line with IAS 39 held to maturity, was classified to business model to collect contractual cash flows; all available for sale debt securities were classified to business model held to collect and sell; among available for sale equity instruments they made for all except one an irrevocable election to present their subsequent changes in fair value in other comprehensive income. Financial assets held for trading remained the same business model. When testing the assets’ contractual cash flow characteristics, there were three contracts identified, where cash flows are not solely payments of principal and interest on the principal amount outstanding, therefore they were classified as financial assets mandatory at fair value. All the rest loans and bond, which was in line with IAS 39 classified as held to maturity, were classified as financial assets at amortized cost. Financial assets once in available for sale portfolio are classified as financial assets at fair value through other comprehensive income except equity instrument, for which the Bank did not make irrevocable election to present their subsequent changes in fair value in other comprehensive income. The latter was classified as financial assets mandatory at fair value. IFRS 9 introduced a new accounting model for impairments, based on (i) expected losses approach substituting the current approach based on incurred losses, and (ii) the concept of “lifetime” expected losses; With reference to hedge accounting, the Bank and the Group opted to keep applying the existing hedge accounting requirements in IAS 39 for all hedge accounting until the IASB will complete its project on accounting for macro hedging. Upon entering into force of IFRS 9, a review of the regulatory treatment for the calculation of the capital absorption of expected credit losses (CRD/CRR) is foreseen. In that regard, the EU Regulation No. 2017-2395, issued on 27 December 2017, allows, as an option, financial institutions to adopt a transitional regime where the additional Loan Loss Provisions could be included in CET1 with a “phase-in” mechanism over 5 years starting from 2018. The Bank and the Group follow the decision of UniCredit Group at consolidated level not to adopt this transitional regime. The Bank and the Group used the transitional relief allowed by the standard and will not publish comparatives figures in the 2018 financial reports. The effects of the transition on items in the Statement of Financial Positons are shown below: None of the reclassifications is due to change of business model. UniCredit Bank · Translation of 2018 Annual Report 257 2 3 Financial assets held for trading Non-trading financial assets mandatorily at fair value through profit or loss 258 Translation of 2018 Annual Report · UniCredit Bank 9 10 11 12 Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Investments in subsidiaries, associates and joint ventures Tangible assets - Deferred tax assets - 15,458 - 3,629 3,629 1 (2,418) 11,334 - 14 Tax assets - - - - - - - - - - - - 4,254 7,202 - - - (96) (2,093) (7) - (2,196) - 1,807,528 40,994 Current tax assets 13 Intangible assets Investment property Property, plant and equipment 8 Held-to-maturity financial assets (according to IAS 39) Other financial assets To customers To banks 1,852,776 7 - Loans to non-bank customers Advances Loans and receivables (according to IAS 39) - - Loans to banks 6 Financial assets at amortised cost 397,142 - 5 Available-for-sale financial assets (according to IAS 39) (62) - - 10 10 - - - - - - - - - - - - (7,202) (4,254) (1,807,528) (40,994) (1,852,776) 4,254 1,804,567 40,994 7,202 1,857,017 (397,142) 396,084 1,058 2,961 4,019 - - Reclassification Change in of Balance sheet measurement value Amounts as at 1/1/2018 - - 6,932 412,560 31/12/2017 IAS 39 Debt securities 4 Financial assets at fair value through other comprehensive income Equity instruments Loans 1 Note Cash, cash balances with the Central Bank and demand deposits at banks Item EUR '000 Bank - - - 15,458 - 3,629 3,629 1 (2,418) 11,334 - - - - - 4,158 1,802,474 40,987 7,202 1,854,821 - 396,022 1,058 2,971 4,029 6,932 412,560 Opening balance 1/1/2018 IFRS 9 3,644 - 3,644 15,755 1,419 5,550 6,969 - (2,418) 11,334 7,202 6,987 1,850,488 40,994 1,898,469 - - - - - 397,142 - - - - 6,932 412,560 31/12/2017 IAS 39 - - - - - - - - - - - - - - - (96) (691) (7) - (794) - (62) - 10 10 - - Change in measurement - - - - - - - - - - (7,202) (6,987) (1,850,488) (40,994) (1,898,469) 6,987 1,847,527 40,994 7,202 1,902,710 (397,142) 396,084 1,058 2,961 4,019 - - Reclassification of Balance sheet value Amounts as at 1/1/2018 Group 3,644 - 3,644 15,755 1,419 5,550 6,969 - (2,418) 11,334 - - - - - 6,891 1,846,836 40,987 7,202 1,901,916 - 396,022 1,058 2,971 4,029 6,932 412,560 Opening balance 1/1/2018 IFRS 9 Financial Statements of the Bank and the Group Summary of Accounting Policies UniCredit Bank · Translation of 2018 Annual Report 259 17 18 Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost 27 TOTAL LIABILITIES AND EQUITY TOTAL EQUITY 26 25 Fair value reserves Reserves from profit 24 Share premium Retained earnings including profit / loss from current year 23 22 Share capital TOTAL LIABILITIES Other liabilities 2,705,870 277,244 38,378 84,635 26,087 107,760 20,384 2,428,626 1,674 - (2,257) (646) (369) - (277) - - (1,611) - (65) 1,215 (1,546) 1,858 14,484 Current tax liabilities 14 Tax liabilities - Deferred tax liabilities 21 Provisions 3,888 (65) 20 Fair value changes of the hedget items in portfolio interest rate risk - - 24,362 19,256 - - - - - - - (2,257) (9) - 256,366 1,957,535 144,801 2,383,064 - 7,075 2,705,870 1,254 3,073 19 Derivatives - hedge accounting Other financial liabilities Subordinated liabilities Loans from banks and central banks Deposits from customers Deposits from banks and central banks 16 15 Financial liabilities held for trading TOTAL ASSETS Other assets - - - - - - - - - - - - (1,140) - - - - - - - - 1,140 - - - 2,703,613 276,598 38,009 84,635 25,810 107,760 20,384 2,427,015 1,674 1,793 1,215 3,008 11,798 3,888 19,256 24,362 - 256,366 1,957,535 144,801 2,383,064 1,140 7,075 2,703,613 1,245 2,759,685 293,003 36,272 102,500 26,087 107,760 20,384 2,466,682 3,132 1,858 1,607 3,465 14,484 3,888 19,256 25,496 - 298,193 1,950,780 144,801 2,419,270 - 7,075 2,759,685 2,096 (855) 920 1,197 - (277) - - (1,775) - (65) - (65) (1,710) - - - - - - - - - - (855) (9) - - - - - - - - - - - - (1,140) - - - - - - - - 1,140 - - - 2,758,830 293,923 37,469 102,500 25,810 107,760 20,384 2,464,907 3,132 1,793 1,607 3,400 11,634 3,888 19,256 25,496 - 298,193 1,950,780 144,801 2,419,270 1,140 7,075 2,758,830 2,087 260 Translation of 2018 Annual Report · UniCredit Bank 373,106 to Financial assets at fair value through other comprehensive income - debt instruments 397,142 22,978 to Financial assets at fair value through other comprehensive income - equity instruments Total 1,058 to Non-trading financial assets mandatorily at fair value through profit or loss - equity instruments Decreases Available-for-sale financial assets (according to IAS 39) - - from Available-for-sale financial assets (according to IAS 39) - debt instruments Total - from Available-for-sale financial assets (according to IAS 39) - equity instruments Increases Financial assets at fair value through other comprehensive income - - from Loans and receivables (according to IAS 39) - needed reclassification Total - Carrying amount as at 31/12/2017 (in line with IAS 39) from Available-for-sale financial assets (according to IAS 39) - equity instruments Increases Non-trading financial assets mandatorily at fair value through profit or loss Item EUR '000 (397,142) (373,106) (22,978) (1,058) 396,084 373,106 22,978 4,019 2,961 1,058 Reclassification of Balance sheet value - - - - (62) (62) - 10 10 - - - - - 396,022 373,044 22,978 4,029 2,971 1,058 Carrying amount as at Change in 1/1/2018 (in line measurement with IFRS 9) Bank - - - - (62) (62) - 353 10 343 Effect on retained earnings as at 1/1/2018 397,142 373,106 22,978 1,058 - - - - - - Carrying amount as at 31/12/2017 (in line with IAS 39) (397,142) (373,106) (22,978) (1,058) 396,084 373,106 22,978 4,019 2,961 1,058 Reclassification of Balance sheet value - - - - (62) (62) - 10 10 - Change in measurement Group - - - - 396,022 373,044 22,978 4,029 2,971 1,058 Carrying amount as at 1/1/2018 (in line with IFRS 9) - - - - (62) (62) - 353 10 343 Effect on retained earnings as at 1/1/2018 Financial Statements of the Bank and the Group Summary of Accounting Policies UniCredit Bank · Translation of 2018 Annual Report 261 1,254 - Total 1,140 13,344 14,484 to Financial liabilities designated at fair value through profit or loss Valuation Total Decreases Provisions - Valuation of non-drawn loans mandatorily at fair value through profit or loss Financial liabilities designated at fair value through profit or loss 1,254 Total 1,852,776 1,849,815 2,961 Increase - valuation Other assets Total to Financial assets at amortised cost to Non-trading financial assets mandatorily at fair value through profit or loss - needed reclassification Decreases Loans and receivables (according to IAS 39) - - from Loans and receivables (according to IAS 39) Total - from Held-to-maturity financial assets (according to IAS 39) Increases Financial assets at amortised cost (1,140) - (1,140) 1,140 1,140 - - (1,852,776) (1,849,815) (2,961) 1,857,017 1,849,815 7,202 (1,546) (1,546) - - - (9) (9) - - - (2,196) (2,196) - 11,798 11,798 - 1,140 1,140 1,245 1,245 - - - 1,854,821 1,847,619 7,202 1,546 1,546 - - - (9) (9) - - - (2,196) (2,196) - 14,484 13,344 1,140 - 2,096 2,096 1,898,469 1,895,508 2,961 - - - (1,140) - (1,140) - - - (1,898,469) (1,895,508) (2,961) 1,902,710 1,895,508 7,202 (1,546) (1,546) - - (9) (9) - - - (794) (794) - 11,798 11,798 - - - 2,087 2,087 - - - - 1,546 1,546 - - (9) (9) - - - (794) (794) - Financial Statements of the Bank and the Group Summary of Accounting Policies The total impact arising from transition to IFRS 9 in equity amounts to -369 thousand EUR where -2.268 thousand EUR is due to additional impairments, 1.546 thousand EUR is attributable to provisions, 10 thousand EUR relates to revaluation of financial assets at fair value through profit or loss (loans) and 343 thousand EUR is subject to revaluation of financial assets at fair value through profit or loss (equity investments). The chart illustrates the Bank’s capital adequacy as at 1 January 2018 arising from the adoption of IFRS 9. EUR '000 ITEMS/VALUES 1. 1. 2018 (IFRS 9) 31. 12. 2017 (IAS39) UNWEIGHTED ASSETS WEIGHTED ASSETS/ REQUIREMENTS UNWEIGHTED ASSETS WEIGHTED ASSETS/ REQUIREMENTS 3,601,649 1,059,878 3,601,875 1,062,271 A. RISK ASSETS A.1 CREDIT AND COUNTERPARTY RISK 1. Standardised approach 1,993,454 598,204 1,993,884 600,476 2. IRB approaches 1,608,194 461,674 1,607,991 461,795 2.1 Foundation 1,589,866 454,280 1,590,262 455,000 18,328 7,394 17,729 6,795 2.1 Advanced B. CAPITAL REQUIREMENTS B.1 Credit and counterparty risk B.2 Market Risk 1. Standard approach B.3 Operational Risk Advanced measurement approach Total capital requirements 84,790 84,982 865 865 865 865 6,185 6,185 6,185 6,185 91,840 92,032 C. RISK ASSETS AND CAPITAL RATIOS C.1 Risk Weighted Assets 1,148,005 1,150,398 C.2 Common Equity Tier 1 Capital/Risk weighted assets (CET1 capital ratio) 17.16% 17.18% C.3 Tier 1 Capital/Risk weighted assets (Tier 1 capital ratio) 17.16% 17.18% C.4 Total Own Funds/Risk weighted assets (Total capital ratio) 17.40% 17.42% Statement of Financial Position Financial instruments - Classification and measurement As a result of the entry into force of the new accounting standard IFRS 9, the Group has reclassified financial assets and liabilities as at 1 January 2018 into the new envisaged categories. In this regard, it should be noted that this classification is based on business model and characteristics of the contractual cash flows. The analysis of business model was conducted by mapping the business areas and by allocating a specific business model to each of them. In this regard, the business areas portfolio have been assigned "held-to-collect" or "held-to-collect and sell" business models according to holding intentions and expected turnover of the 262 Translation of 2018 Annual Report · UniCredit Bank financial instruments. The business areas that make up the trading portfolio have been assigned an "other" business model in order to reflect trading intentions. For the purposes of classifying financial instruments into new categories envisaged by IFRS 9, the business model analysis must be complemented by an analysis of contractual flows ("SPPI Test"). In this regard, the Group has developed systems and processes to analyse the portfolio of debt securities and loans in place and assess whether the characteristics of contractual cash flows allow for measurement at amortised cost (“held-to-collect” portfolio) or at fair value with effect on comprehensive income (“held-to-collect and sell” portfolio). The analysis in question was carried out both by contract and by defining specific clusters based on the characteristics of the transactions and using a specific internally developed tool ("SPPI Tool") to analyse the contract features with respect to IFRS 9 requirements. All financial assets held by the Group are recognized and derecognized using settlement date accounting. When a financial asset is recognized initially, the Group measures it at its fair value plus, in the case of a financial asset not-at-fair-value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. The Bank and the Group reclassify financial assets only when they change business model for managing financial assets. In principle there are no changes of business model after initial recognition and there were none in reporting period. The possibilities of reclassification are explained in internal policies. The Bank grants all loans with the objective to collect contractual cash flows. For debt securities one of the following business models can be applied: • To hold securities in order to collect contractual cash flows • To hold securities in order to collect contractual cash flows and sell securities • Other (trading) – in order to realise cash flows through the sale of the assets. UniCredit Leasing, d.o.o. has all its financial assets classified in business model to hold financial assets in order to collect contractual cash flows. For loans SPPI test is performed in sales departments as follows. The Bank sells to private customers standardized loans. As a result it was performed for all existing products and it has to be performed for each new product in the future. Loans to companies are not standardized, therefore the test is performed for each contract. model Held to Collect: • sales that do not determine the accounting de recognition of the financial assets, such as in repo contracts or in securitization transactions; or • sales that occurs as a result of a deterioration in credit standing of the financial assets; or • sales that are not greater than 5 % of the carrying value of the relevant portfolio at the end of the previous annual reporting period (regardless of the frequency); or • sales that are made close to the maturity; or • sales that are infrequent - this exception is assessed case by case with the involvement of the holding company. Financial assets at amortized cost include also the item “Other financial assets”: these are receivables for fees outside the scope of calculation of the amortized cost of financial assets, accrued revenue for banking products, receivables for sold financial assets, trade receivables and receivables in the settlement of business relationships. b) Financial Assets at Fair value through Other Comprehensive Income Financial assets are classified and measured at fair value through other comprehensive income if both of the following conditions are met: • the assets are held in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. • the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This portfolio includes both equity and debt securities. If test is negative, such financial asset is categorized within “Financial assets mandatory at fair value through profit and loss”. a) Financial assets at Amortized Cost Financial asset is measured at amortized cost if both of the following conditions are met: • the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and • the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. All loans are recognized at amortized cost, except the ones, which don’t pass SPPI test. Interest income on impaired financial assets at amortized cost is recognized if the Group expects its payment or when it is paid. In the chapter “Use of estimates and judgments” it is described how the Group impairs assets at amortized cost. The following kinds of sales however don’t jeopardize the business The Bank makes for strategic equity instruments an irrevocable election that it presents subsequent changes in fair value in other comprehensive income. Subsequent to their initial recognition, financial assets at fair value through other comprehensive income are re-measured at their fair value. Since the market value as quoted on the stock exchange regularly doesn’t reflect the fair value of a bond the fair value of the securities is determined with the fair value model which separates the interest rate risk and the credit spread for a particular security. The credit spread gets updated regularly according to the benchmark and frequency agreed for the single name. The Group assesses fair value of non-quoted equity instruments by using appropriate models. A fair value change on a financial asset at fair value through other comprehensive income is recognized directly in the Statement of Other Comprehensive Income, except for impairment losses for debt instruments and foreign exchange gains and losses. When debt financial asset is derecognized, the cumulative gain or loss previously recognized in equity is recognized in the Statement of Income, whereas remains in Other Comprehensive Income for equity instruments. However, interest calculated are accrued daily using UniCredit Bank · Translation of 2018 Annual Report 263 Financial Statements of the Bank and the Group Summary of Accounting Policies the effective interest method and are recognized in the Statement of Income. Dividends on equity instrument are recognized in the Statement of Income when the Group’s right to receive payment is established. in order to avoid a mismatch in the presentation of the economic content of a transaction. The Group determines the fair value of loans at least once per month. In 2017 and 2018, the Group did not designate loans measured at fair value through profit or loss. In the chapter “Use of estimates and judgments” it is defined how the Group impairs them. c) Financial Assets at Fair Value through Profit or Loss d) Derivative Financial instruments Any financial assets that are not held in one of the two business models mentioned above are measured at fair value through profit or loss. This category contains financial assets held for trading and those which are upon initial recognition designated by the Group as at fair value through profit or loss. A financial asset is classified as held for trading if it is acquired or incurred principally for the purpose of selling or repurchasing in the near term or if it is a part of portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Derivatives are also categorized as held for trading unless they are designated as hedging instruments. Subsequent to the initial recognition, these financial assets are accounted for and stated at their fair value, which is the price quoted on recognized stock exchanges or calculated by valuation models. The fair value model separates the interest rate risk and the credit spread for a particular security. The credit spread gets updated regularly according to the benchmark and frequency agreed for the single name. The Group includes realized and unrealized gains and losses in the Statement of Income, line “Gains and losses on financial assets and liabilities held for trading”. Interest earned on trading securities is accrued on a daily basis and reported in “Interest income” in the Statement of Income. Loans and debt securities, that don’t pass SPPI test are classified in Financial assets mandatorily at fair value. Units in investments funds are always classified in Financial assets mandatorily at fair value. Non-strategic equity instruments, for which the Bank does not make an irrevocable election that it presents subsequent changes in fair value in other comprehensive income are measures mandatorily at fair value. The Group’s financial assets are designated at fair value through profit or loss when doing so significantly reduces measurement inconsistencies that would arise if the related derivatives were treated as held for trading and the underlying financial instruments were measured at effective interest method. Loans measured at fair value through profit or loss are fixed-rate loans which are hedged at the loans' reference rate with interest rate swaps. Loans are designated at their fair value through profit or loss 264 Translation of 2018 Annual Report · UniCredit Bank In the normal course of business, the Group is a party to contracts for derivative financial instruments, which represent a very low initial investment compared to the notional value of the contract. The derivative financial instruments used include interest rate, currency and commodity forward, swap, and option contracts. These financial instruments are used by the Group to hedge interest rate risk and currency exposures associated with its transactions in financial markets, to open its positions actively and to sell those instruments to the customers. Derivative financial instruments are recognized at their fair value. Fair values are obtained from quoted market prices, discounted cash flow models and options pricing models as appropriate. Fair value of derivative financial instruments includes adjustments for the counterparty credit risk, funding risk, close-out costs and OIS discounting. Changes in the fair value of derivative financial instruments that do not qualify for hedge accounting are recognized in the “Gains and losses on financial assets and liabilities held for trading” as they arise. All derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Fair value of interest and currency derivatives is their market price in the front-end system Murex. Murex is the parent group's “Markets and Treasury” IT platform. Fair Value Hedge In accordance with IAS 39, the fair value hedge is hedge of the exposure to changes in fair value of a recognised asset or liability or an unrecognised firm commitment, or an identified portion of such an asset, liability or firm commitment, that is attributable to a particular risk and could affect profit or loss. The Group hedges a single financial asset or financial liability and a portfolio of financial assets or financial liabilities. IAS 39 does not permit designation of a net amount including assets and liabilities. The Group uses interest rate swaps as hedging instruments. The gain or loss from remeasuring the hedging instrument at fair value is recognised in profit or loss. If the hedged item is otherwise measured at cost, the gain or loss on the hedged item attributable to the hedged risk adjusts the carrying amount of the hedged item and is recognised in profit or loss. Recognition of the gain or loss attributable to the hedged risk in profit or loss instead in other comprehensive income applies if the hedged item is a financial asset at fair value through other comprehensive income. For a fair value hedge of the interest rate exposure of a portion of a portfolio of financial assets or financial liabilities, the requirement in paragraph above may be met by presenting the gain or loss attributable to the hedged item either in a single separate line item within assets or liabilities. The Group discontinues the hedge accounting if: • The hedging instrument expires or is sold, terminated or exercised; • The hedge no longer meets the criteria for hedge accounting; • The Group revokes the designation. Cash Flow Hedge In accordance with IFRS, cash flow hedges serve to hedge uncertain (variable) cash flows in the future. For this purpose, interest cash flows of the hedged items and related derivatives designated as hedging instruments are projected into the future (forecasted transactions). The hedge relates to the exposure to variability in cash flows associated with recognized assets or recognized liabilities or a planned or forecasted transaction (or portions of the three) which will affect reported net income. In the case of cash flow hedge accounting, the hedging instrument is recognized at its fair value. The hedged items are interest cash flows (forecasted transactions) of underlying transactions. The underlying transactions in a cash flow hedge may be any customer or securities transaction, on the assets side or on the liabilities side of balance sheet, in which the interest rate is sensitive to changes in money market rates. Hedging instruments are any derivatives that can hedge the exposure to variability in the relevant cash flows. Changes in fair value are separated into an effective portion attributable to the hedge and an ineffective portion not attributable to the hedge. A hedge is considered as effective if, for each time bucket, the netted cash flows associated with the hedging instruments are in range 80 % to 125 % to the cash flows of the hedged item(s). The effective portions are recognized directly in equity (Fair value reserves, Cash flow hedge). The ineffective portion of the gain or loss on the hedging instrument is recognized in the Statement of Income. To avoid ineffectiveness, projections are made, especially for limits and potential causes of ineffectiveness. The Market Risk department runs an efficiency test at the end of each month. Changes in the fair value of derivative financial instruments arising from the counterparty credit risk are recognized in the Statement of Income, in item “Fair value adjustments in hedge accounting”. The Group discontinues the hedge accounting when the hedging instrument is terminated. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income from the period when the hedge was effective is reclassified from equity to profit or loss in the same period during which the forecasted cash flows affect profit or loss. Cash flow hedge is used by the Group for managing interest rate risk in accordance with IAS 39.83. The derivatives are not attributed to individual transactions. Property, plant and equipment and intangible assets Property, plant and equipment as well as intangible assets are initially recognized at cost. The Group has chosen the measurement after recognition cost model, which means that an asset is carried at its cost less any accumulated depreciation and any accumulated impairment losses. Depreciation is calculated on a straight-line basis. Land and assets in the course of construction are not depreciated. The useful lives are set out below: Buildings Leasehold improvements 31/12/2018 31/12/2017 33 years 33 years 10 years 10 years 4 - 6 years 4 - 6 years Furniture, devices and motor vehicles 4 - 10 years 4 - 10 years Intangible assets - software 5 - 7 years 7 years Hardware The Group periodically reviews the useful life and amends the period of depreciation if appropriate. The Bank decided for software instead of unified useful life 7 years, at initial recognition assesses whether 7 or 5 years are more suitable. Amortization for 2018 is due to this change higher by 113 thousand euros. Leasehold improvements are capitalized and depreciated over the lesser of their useful life or the remaining lease term on a straight-line basis. If of a minor nature, repairs and renewals are charged to the Statement of Income when the expenditure is incurred. The Group assesses whether property, plant and equipment and intangible assets may be impaired. If impairment indicators exist, the Group caries out the impairment test and estimates the recoverable amount (higher of fair value less costs to sell or value in use). If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. A reversal of an impairment loss for an asset is recognized as gain in the Statement of Income. The carrying amount of an item of property, plant and equipment is derecognized on disposal or when no future economic benefits are expected from its use or disposal. The gain or loss arising from de recognition of an item is included in the Statement of Income when the item is derecognized. The gain or loss arising from de recognition of an asset is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item. Investment property UniCredit Leasing, d.o.o. and consequently the Group own property for the purpose of earning rents. They are at initial recognition UniCredit Bank · Translation of 2018 Annual Report 265 Financial Statements of the Bank and the Group Summary of Accounting Policies Leases as a result of a past event and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of obligation.Provisions are recognized for the following: • Potential losses relevant to the risks resulting from off-balance sheet items; • Jubilee awards, severance payments and other employee benefits; • Pending or threatened litigation; • Other events, where the possibility of the outflow of the financial assets is very high. a) The Group as lessor Share based payments arrangements measured at cost and are amortized with the same depreciation rates as Property, plant and equipment. Investment in subsidiaries, associates and joint ventures The investments in subsidiaries, associates and joint ventures, which are not quoted, and their fair value cannot be reliably measured, are valued at cost. The Group provides assets under finance leases. In case of finance lease, majority of risks and rewards incidental to legal ownership are transferred to the lessee. Net investment in the lease is recognized as assets held under a finance lease in item Loans and receivables. Finance income reflects a constant periodic rate of return on the lessor’s net investment in the finance lease. UniCredit Leasing, d.o.o. provides also assets under operating leases. As a consequence, the Group is the lessor also under operating lease. Assets subject to operating leases are recognized in the Statement of Financial Position as Investment property, if they are immovable or as Property, plant and equipment, if they are movables. They are depreciated on a straight-line basis over the lease term. Also lease income (excluding receipts for services provided such as insurance and maintenance) is recognised on a straight-line basis over the lease term in item “Other operating net income / (loss)“. b) The Group as lessee The Group has its premises under an operating lease. Lease payments are recognised as an expense on a straight-line basis over the lease term. Other assets Other assets consist of inventories, receivables for granted advances and other assets that are not disclosed under any other item. Financial liabilities at amortized cost The Group measures financial liabilities at amortized cost, except “Financial liabilities held for trading” and “Derivatives – hedge accounting”, which represent negative market value of derivatives and are measured at fair value. Other financial liabilities include liabilities for fees outside the scope of calculation of amortized cost of financial liabilities, liabilities for purchased financial assets, liabilities in the account from business relationships, liabilities to suppliers and other business liabilities corresponding to the definition of a financial instrument. The Group derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire. Provisions for risk and charges A provision is recognized when the Group has a present obligation 266 Translation of 2018 Annual Report · UniCredit Bank In accordance with IFRS 2, the parent group UniCredit established a medium/long-term share options and performance shares program, granting equity instruments by UniCredit Italiano S.p.A. The program was established to encourage affiliation and motivation of selected managers and employees to achieve strategic goals of the parent group. Share-based payment transactions are equity-settled. In compliance with IFRS, the subsidiaries, whose employees have been granted equity instruments by the parent company, must pay the latter for the allocation granted to their employees. Employee benefits The Group provides its employees with jubilee awards and severance payments. It established also retention program. The employees are entitled to claim jubilee awards in circumstances where they have been employed by their employer for a defined period of time. The employees are entitled to receive severance payments if they are employed by the Bank or by the Leasing until their retirement age and were employed by the Bank or by the Leasing for a minimum defined period. Present value of the obligations for payment of jubilee awards and severance payments is calculated by an independent qualified actuary using the projected unit credit method. The key actuarial assumptions included in the calculation of the obligation are the following: • The discount rate determined by reference to the market yields as of the balance sheet date on corporate bonds for the Euro-zone; it amounts to 1.9 % for 2018 and 1.75 % for 2017; • Estimated future salary increases; • Mortality rates – Slovenian mortality table 2000-2002; • Fluctuation (termination without payment) depending on past experience in service time; • Retirement age: 63 years for women and 65 years for men; • Current employee data (the length of employment, age, gender, average salary); • Average monthly salary in the Republic of Slovenia. The amount of obligations arising from jubilee awards and severance payments is recognized as present value of expected future cash outflows. The actuarial gains and losses for severance payments are recognized in the Fair value reserves. The Group additionally provides short-term benefits to its employees such as contributions to retirement pension insurance and recognizes the costs of these contributions as incurred Group shareholders' equity the progress of satisfaction of such obligation. Shareholders’ equity is composed of paid-in share capital, share premium, fair value reserves (fair value reserves from financial assets at fair value through other comprehensive income, fair value reserves from cash flow hedge and for actuarial gains and losses on severance payments), reserves from profit, retained earnings and net profit for the year. Only retained earnings including income from current year are payable. Due to the above-mentioned rules, transaction fees (for instance, fees from securities trading) are booked in the moment when the service is provided, while fees related to asset management fees, safekeeping fees, commitment fees are normally recognized during the term of the contract (input method). Income and expense Interest income Interest income and expense are recognized in the Statement of Income using the effective interest rate method. The effective interest rate is the rate that exactly discounts estimated future cash flows of the financial instrument through the expected life of the financial instrument to the net carrying amount of the financial asset or financial liability. The calculation of the effective interest rate includes all fees paid or received between parties to the contract that are attributable to the specific lending arrangement Interest income on non-performing claims is recognized, when paid. Interest on financial instruments measured as Financial Assets at Fair Value through Profit or Loss is included within interest income. They don’t include transaction costs or other fees, as those are recognized when paid or received in items “Net gains or losses on financial assets and liabilities held for trading”, “Net gains or losses on nontrading financial assets mandatorily at fair value through profit or loss” or “Net gains or losses on financial assets and liabilities designated at fair value through profit or loss”, as appropriate. Dividend income Dividend income deriving from “Financial assets held for trading”, “Financial assets at fair value through profit or loss that is not held for trading” as well as “Financial assets at fair value through other comprehensive income” is reported in item “Dividend income”. Fees and commission income and expense and other operating income Fees and commissions included in calculation of effective interest rate are recognized within interest income and expense (see above). Items “Fee and commission income” and “Fee and commission income expenses” therefore include fees other than those that are an integral part of effective interest rate. Fees and commissions income and other operating income are accounted for in the Statement of Income when the entity satisfies the performance obligation embedded in the contract, according to “IFRS 15 Revenue from Contracts with Customers” rules. In particular: • If the performance obligation is satisfied at a specific moment (“point in time”), the related revenue is recognized in the Statement of Income when the service is provided; • If the performance obligation is satisfied over-time, the related revenue is recognized in the Statement of Income in order to reflect If the timing of cash-in is not aligned with the way the performance obligation is satisfied, the Group accounts for a contract asset or a contract liability for the portion of revenue accrued in the period or to be deferred in the following periods. The amount of revenues related to the fees and commissions income and other operating income is measured based on contractual provisions. If the amount contractually foreseen is subject, totally or partially, to variability, a revenue is booked as the most probable amount that the Group expects to receive. If a contract contains different goods/services for which performance obligations are not satisfied at the same time, the revenue is allocated among different obligation proportionally to the stand-alone price of the single item delivered. These amounts will therefore be accounted for in the Statement of Income based on the timing of satisfaction of each obligation. Taxation Taxes are calculated in accordance with the Corporate Income Tax regulations. Generally, the taxable profit is based on the profit or loss recognized in the Statement of Income prepared pursuant to IFRS. It is adjusted for tax purposes as follows from the tax regulations. Tax expense (tax income) comprises current tax expense (current tax income) and deferred tax expense (deferred tax income). For years 2017 and 2018, the corporate income tax rate for current tax, the same as for deferred tax, is 19 %. Deferred taxes are provided for temporary differences arising between the tax bases of assets and liabilities and their carrying amount in the Statement of Financial Position. Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences. Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of deductible temporary differences, the carry-forward of unused tax losses and the carry-forward of unused tax credits. The Group is subject to various indirect operating taxes. These are included as a component of administrative expenses. The financial services tax is deducted from income, to which it relates. Cash flow statement For the purpose of the Statement of Cash Flows, cash is defined as cash in hand and current accounts with banks, including the UniCredit Bank · Translation of 2018 Annual Report 267 Financial Statements of the Bank and the Group Summary of Accounting Policies compulsory minimum reserve with the Bank of Slovenia. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. The Group prepares the Statement of Cash Flows using the indirect method. To present cash flows in its operation, the Group complements the total profit or loss before tax with the effect of the following non-cash positions: depreciation, impairment, gains and losses from exchange differences, modification gains and losses, gains and losses from sale of tangible and intangible assets, from financing and investing activities. In accordance with the Decision on books of account and annual reports of banks and savings banks, the Group uses the direct method to present cash flows in investing and cash flows in financing, although it prepares the statement of cash flows using the indirect method. Other information Contingencies Off-balance sheet commitments from guarantees, both financial and service, represent irrevocable obligations that the Bank will make payments in the event a customer cannot fulfil its obligations vis-àvis third parties. They are measured in accordance with IAS 37 until criteria for recognition in the Statement of Financial Position is met. A documentary letter of credit is an irrevocable undertaking of the issuing bank acting at the request of a customer (buyer) to make payment to the beneficiary (seller) or to pay or accept bills of exchange drawn by the beneficiary against stipulated documents, provided all terms and conditions of the letter of credit are complied with. The documentary letters of credit are collateralized depending on the creditworthiness of the customer and on the same basis as guarantees or loans. The primary purpose of unused credit facilities (loan commitments) is to ensure that funds are available to a customer as required. Commitments to grant loans issued by the Bank represent issued loan commitments and the unused part of approved overdraft loans. The risk associated with off-balance sheet financial commitments and contingent liabilities is assessed similarly as for loans to customers taking into account the financial position and activities of the entity to which the Bank issued the guarantee and taking into account the collateral obtained. FIDUCIARY ACTIVITIES AND AGENCY SERVICES Assets managed by the Bank in its capacity as a nominee, trustee or agent are not assets of the Bank and are accordingly not part of the Bank’s financial statements. Fee income, which the Bank earns by providing these services, is recognized as Fee from agency services and commission operations in the Bank’s Statement of Income. REGULATORY REQUIREMENTS The Group is subject to the Bank of Slovenia’s regulatory requirements. These regulations include limits and other restrictions 268 Translation of 2018 Annual Report · UniCredit Bank pertaining to minimum capital adequacy requirements, the classification of loans and off-balance sheet commitments and provisioning to cover credit risk, liquidity, interest rate, and foreign currency position. Notes on fiduciary activities and agency services are also required by the Bank of Slovenia, not by IFRS. As of 31 December 2018, the Group and its operations were in compliance with all regulatory requirements. Related parties For the purposes of financial disclosure, in accordance with the Commission Regulation (EU) No.632/2010 of 19 July 2010, the text of IAS 24 applies, which defines the concept of related party and identifies the relations between that party and the entity producing the financial statements. IAS 24 also explains that the disclosure should include transactions entered into with subsidiaries of associates and subsidiaries of joint ventures. Pursuant to IAS 24, Bank’s and Group’s related parties include: • Companies belonging to the parent group UniCredit and companies controlled by the parent group UniCredit but not consolidated; • Associates and joint ventures, as well as their subsidiaries; • Bank’s and Group’s “Key management personnel”; • Close family members of “key management personnel” and companies controlled (or jointly controlled) by key management personnel or their close family members; Key management personnel are persons having authority and responsibility for planning, directing, and controlling Bank’s and Group’s activities, directly or indirectly. Also for the management of related-party transactions refer to the discipline established by CONSOB Regulation and by Banca d’Italia Circular No.263/2006 (Title V, Chapter 5) introduced in 2011 as well as the Slovenian Company Act Article 7 and Financial Instrument Market Act. In considering each possible related-party relationship, attention is directed to the substance of the relationship and not merely to the legal form. New Standards in 2018 and new standards issued but not yet adopted The following amendments to the existing standards and new interpretations issued by the International Accounting Standards Board (IASB) and adopted by the EU are effective for the current reporting period: • IFRS 9 “Financial Instruments” (effective for annual periods beginning on or after 1 January 2018), • IFRS 15 “Revenue from Contracts with Customers” and further amendments (effective for annual periods beginning on or after 1 January 2018), • Amendments to IFRS 2 “Share-based Payment” - Classification and Measurement of Share-based Payment Transactions (effective for annual periods beginning on or after 1 January 2018), • Amendments to IFRS 4 “Insurance Contracts” - Applying IFRS 9 “Financial Instruments” with IFRS 4 “Insurance Contracts” (effective for annual periods beginning on or after 1 January 2018 or when IFRS 9 “Financial Instruments” is applied first time), • Amendments to IAS 40 “Investment Property” - Transfers of Investment Property (effective for annual periods beginning on or after 1 January 2018), • Amendments to IFRS 1 and IAS 28 due to “Improvements to IFRSs (cycle 2014-2016)” resulting from the annual improvement project of IFRS (IFRS 1, IFRS 12 and IAS 28) primarily with a view to removing inconsistencies and clarifying wording (amendments to IFRS 1 and IAS 28 are to be applied for annual periods beginning on or after 1 January 2018), • IFRIC 22 “Foreign Currency Transactions and Advance Consideration” (effective for annual periods beginning on or after 1 January 2018). The adoption of these amendments to the existing standards has not led to any major changes in the Bank’s and the Group’s accounting policies except IFRS 9. At the date of authorisation of these financial statements, the following new standards and amendments to standards issued by the IASB and adopted by the EU are not yet effective: • IFRS 16 “Leases” – adopted by the EU on 31 October 2017 (effective for annual periods beginning on or after 1 January 2019), • Amendments to IFRS 9 “Financial Instruments” - Prepayment Features with Negative Compensation – adopted by the EU on 22 March 2018 (effective for annual periods beginning on or after 1 January 2019), • IFRIC 23 “Uncertainty over Income Tax Treatments” – adopted by the EU on 23 October 2018 (effective for annual periods beginning on or after 1 January 2019). The Group anticipates that the adoption of these new standards and amendments to the existing standards will have no material impact on the financial statements of the Group in the period of initial application, except IFRS 16. IFRS 16, effective starting from 1 January 2019, modifies the current set of international accounting principles on leases, in particular IAS 17. IFRS 16 introduces a new definition for leases and confirms the current distinction between two types of leases (operating and finance) with reference to the accounting treatment to be applied by the lessor. With reference to the accounting treatment to be applied by the lessee, the new accounting standard sets, for all leasing typologies, the recognition as an asset, representing the right of use of the underlying asset and a liability for future payments requested by the lease contract. At initial recognition, such asset is measured based on the lease contract cash flows. After initial recognition the right-of-use will be measured based on the rules set for the assets by IAS 16, IAS 38 or by IAS 40 and therefore applying the cost model, less any accumulated depreciation and any accumulated impairment losses. The activities aimed at the development of rules, principles and IT systems to be used for the proper evaluation of new assets and liabilities and the subsequent calculation of the related economic effects are under finalization. The Group has decided, as allowed by the standard, not to apply IFRS 16 provisions to leases of intangible assets, short-term leases, lower than 12 months, and low value asset leases. In order to calculate the lease liability and right-of-use asset, the Group proceeds with discounting the future lease payments at the interest rate implicit in the contract or, if it is not available, at the incremental borrowing rate. The latter is determined based on the cost of funding for liabilities of similar duration and similar security of those implicit in the lease contract. Future lease payments to discount are determined based on contractual provisions and net of VAT since the obligation to pay such a tax starts when the invoice is issued by the lessor and not at the starting date of the lease contract. In determining the lease term, it is necessary to consider the noncancellable period, established in the contract, in which the lessee is entitled to use the underlying asset taking into account also potential renewal options if the lessee is reasonably certain to renew. For contracts that allow the lessee to tacitly renew the lease contract after a first set of years, the lease term is determined taking into account factors such as the length of the first period, the existence of dismissal plans for the asset leased and any other circumstance indicating the reasonable certainty of renewal. The Group has decided not to restate comparatives and has chosen, for the First Time Adoption purposes, to put the value of right of use equal to the lease liability. The negative effect on CET1 ratio coming from the adoption of IFRS16, in terms of application of the new rules from the lessee’s perspective, can be preliminarily estimated to 26 bps, gross of tax effect for the Bank and 27 bps for the Group. NEW STANDARDS AND AMENDMENTS TO THE EXISTING STANDARDS ISSUED BY IASB BUT NOT YET ADOPTED BY THE EU At present, IFRS as adopted by the EU do not significantly differ from regulations adopted by the IASB except for the following new standards, amendments to the existing standards and new interpretation, which were not endorsed for use in EU as of 1 March 2019: • IFRS 14 “Regulatory Deferral Accounts” (effective for annual periods beginning on or after 1 January 2016) - the European Commission has decided not to launch the endorsement process of this interim standard and to wait for the final standard, • IFRS 17 “Insurance Contracts” (effective for annual periods beginning on or after 1 January 2021), • Amendments to IFRS 3 “Business Combinations” - Definition of a Business (effective for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions that occur on or after the beginning of that period). • Amendments to IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in Associates and Joint Ventures” - Sale or UniCredit Bank · Translation of 2018 Annual Report 269 Financial Statements of the Bank and the Group Summary of Accounting Policies • • • • • Contribution of Assets between an Investor and its Associate or Joint Venture and further amendments (effective date deferred indefinitely until the research project on the equity method has been concluded), Amendments to IAS 1 “Presentation of Financial Statements” and IAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” - Definition of Material (effective for annual periods beginning on or after 1 January 2020), Amendments to IAS 19 “Employee Benefits” - Plan Amendment, Curtailment or Settlement (effective for annual periods beginning on or after 1 January 2019), Amendments to IAS 28 “Investments in Associates and Joint Ventures” - Long-term Interests in Associates and Joint Ventures (effective for annual periods beginning on or after 1 January 2019), Amendments to various standards due to “Improvements to IFRSs (cycle 2015 -2017)” resulting from the annual improvement project of IFRS (IFRS 3, IFRS 11, IAS 12 and IAS 23) primarily with a view to removing inconsistencies and clarifying wording (effective for annual periods beginning on or after 1 January 2019), Amendments to References to the Conceptual Framework in IFRS Standards (effective for annual periods beginning on or after 1 January 2020). The Group anticipates that the adoption of these new standards and amendments to the existing standards will have no material impact on the financial statements of the Group in the period of initial application. 270 Translation of 2018 Annual Report · UniCredit Bank Financial Statements of the Bank and the Group Notes on the Financial Statements Notes on the Financial Statements Note 1: Cash, cash balances with the Central Bank and demand deposits at banks Bank EUR '000 Cash Balances with the Central Bank Minimum reserve with the Central Bank Demand deposits to banks Impairment Total Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 15,592 10,943 15,592 10,943 166,240 359,410 166,240 359,410 166,240 359,410 166,240 359,410 56,597 42,207 56,597 42,207 (7) - (7) - 238,422 412,560 238,422 412,560 The European Central Bank (ECB) requires credit institutions established in the participating Member States to hold minimum reserves; they are to be held on accounts with the ECB and participating national central banks. It is essential that credit institutions hold their balances only with the participating national central banks. Liabilities owed to any other credit institution and participating national central bank and liabilities owed to the ECB shall be excluded from the reserve base. Demand deposits to banks Bank EUR '000 Gross value Impairment Net value - Total Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 56,597 42,207 56,597 42,207 (7) - (7) - 56,590 42,207 56,590 42,207 Note 2: Financial assets held for trading For both years, the Note refers to the Bank and to the Group. EUR '000 31/12/2018 31/12/2017 Level 1 Level 2 Total Level 1 Level 2 Loans 2 - 2 5 - 5 Derivatives held for trading - 8,618 8,618 - 6,927 6,927 Forwards - 110 110 - 929 929 Options - 68 68 - 70 70 - 8,440 8,440 - 5,928 5,928 2 8,618 8,620 5 6,927 6,932 Swaps Total Total All financial assets held for trading were designated as such upon initial recognition. Annual changes, debt instruments EUR '000 Opening Balance Increases 2018 2017 - - 59,463 149,875 Purchase 59,463 149,875 Decreases (59,463) (149,875) (59,463) (149,875) - - Sales / Redemption Closing Balance UniCredit Bank · Translation of 2018 Annual Report 271 Financial Statements of the Bank and the Group Notes on the Financial Statements Annual changes, equity instruments 2018 2017 Opening Balance EUR '000 - - Increases - 8,970 Purchase - 8,970 Decreases - (8,970) - (8,970) - - Sales / Redemption Closing Balance Note 3: Non-trading financial assets mandatorily at fair value through profit or loss The Note refers to the Bank and to the Group. EUR '000 31/12/2018 Level 3 Loans to corporates 2,694 Equity instruments 1,431 Total 4,125 When adopting IFRS 9, one of the Bank’s equity investments, which is not a strategic one, was designated at fair value through profit or loss. The maximum exposure to credit risk was 1.431 thousand euros. The Bank did not conclude any related credit derivatives or similar instruments, which would mitigate its exposure to credit risk. The cumulative amount of change in the fair value attributable to changes in the credit risk of equity instrument amounted to -17 thousand euros, change in 2018 amounted to -293 thousand euros. Annual changes, loans EUR '000 2018 Opening Balance 2,971 Increases 8,325 Purchase Positive changes in fair value Decreases Sales / Redemption Closing Balance 8,053 272 (8,602) (8,602) 2,694 Annual changes, equity instruments EUR '000 2018 Opening Balance 1,058 Increases Gains on foreign exchange differences Positive changes in fair value Closing Balance 272 Translation of 2018 Annual Report · UniCredit Bank 373 69 304 1,431 Note 4: Financial assets at fair value through other comprehensive income The Note refers to the Bank and to the Group. EUR '000 31/12/2018 Level 2 Level 3 Total Equity instruments Level 1 - 22,853 92 22,945 Bonds, Republic of Slovenia - 327,954 - 327,954 Bonds, other countries 45,318 - - 45,318 - 12,216 - 12,216 Bonds, corporates Impairment Total (13) (57) - (70) 45,305 362,966 92 408,363 Annual changes, equity instruments EUR '000 2018 Total Opening Balance Level 3 22,978 110 (33) (18) Sales / Redemption (14) (14) Negative changes in fair value - recognized in other comprehensive income (19) (4) 22,945 92 Decreases Closing Balance The entire amount of income and expense for level 3 refers to assets included in the balance as of 31 December 2018. The Bank decided to designate strategic equity instruments as financial assets at fair value through other comprehensive income. The Bank assesses that the fact that those equity instruments are strategic, is sufficient reason that changes of their fair value are not recognized in the Statement of Income. Balances of Equity instruments as of 31 December 2018 comprises of the following equity instruments with the following fair values (in thousand euros): Deposit Guarantee Scheme Bankart d.o.o. Swift 22,853 60 32 In 2018, the Bank received Balance sheet profit of the company Bankart d.o.o. in the amount of 39 thousand euros. Bankart equity instrument still comprises balance of equity investments as of 31 December 2018. There were no dividends received in 2018. Due to reallocation of shares in SWIFT number of shares allocated to the Bank decreased by 5. Their value was alienated for 23 thousand euros. Derecognition profit amounted to 9 thousand euros. Annual changes, debt instruments EUR '000 2018 Total Level 3 Opening Balance 373,044 - Increases 140,126 - 139,424 - Purchase Positive changes in fair value - recognized in other comprehensive income Decreases Sales / Redemption Negative changes in fair value - recognized in other comprehensive income Closing Balance 702 - (127,752) - (118,091) - (9,661) - 385,418 - UniCredit Bank · Translation of 2018 Annual Report 273 Financial Statements of the Bank and the Group Notes on the Financial Statements Impairment on debt instruments EUR '000 2018 Opening Balance (62) Increase of impairment (26) Decrease of impairment 18 Closing Balance (70) Note 5: Available-for-sale financial assets (according to IAS 39) The Note refers to the Bank and to the Group. EUR '000 31/12/2017 Level 1 Level 2 Level 3 Total Equity instruments - 22,868 1,169 24,037 Bonds, Republic of Slovenia - 355,228 - 355,228 Bonds, banks - 5,548 - 5,548 Bonds, corporates - 12,329 - 12,329 Total - 395,973 1,169 397,142 Annual changes, equity instruments EUR '000 2017 Total Opening Balance Increases Positive changes in fair value - recognized in other comprehensive income Decreases Sales / Redemption Losses on foreign exchange differences Negative changes in fair value - recognized in other comprehensive income Closing Balance Level 3 23,855 958 339 339 339 339 (157) (128) (19) (19) (109) (109) (29) - 24,037 1,169 The entire amount of income and expense for level 3 refers to assets, which are included in the balance as of 31 December 2017. Annual changes, debt instruments EUR '000 Opening Balance Increases Purchase Positive changes in fair value - recognized in other comprehensive income Decreases Sales / Redemption Negative changes in fair value - recognized in other comprehensive income Closing Balance 274 Translation of 2018 Annual Report · UniCredit Bank 2017 Total Level 3 409,069 - 137,080 - 129,757 - 7,323 - (173,044) - (166,744) - (6,300) - 373,105 - Note 6: Financial assets at amortised cost Debt securities Annual changes, debt instruments Bank Group EUR '000 2018 2018 Opening Balance 7,202 7,202 61 61 Increases Purchase Decreases Sales / Redemption Closing Balance 61 61 (7,263) (7,263) (7,263) (7,263) - - At transition to IFRS 9, the Bank designated bond, which used to be in held-to-maturity portfolio last year, at amortized cost. This bond matured in 2018. There was no profit or loss recognized at derecognition. Loans to banks Bank EUR '000 Short-term loans Impairment Total Group 31/12/2018 31/12/2018 37,646 37,646 (9) (9) 37,637 37,637 Annual changes, Impairment on loans to banks Bank EUR '000 Group 2018 2018 (2) (2) Increase of impairment (8) (8) Decrease of impairment 1 1 (9) (9) Opening Balance Closing Balance UniCredit Bank · Translation of 2018 Annual Report 275 Financial Statements of the Bank and the Group Notes on the Financial Statements Loans to customers Bank EUR '000 31/12/2018 Gross value Impairment Net value Loans Short-term Corporates Financial institutions Public sector Private customers Sole traders Non-profit institutions serving households Long-term Corporates 182,477 (12,991) 169,486 151,023 (10,858) 140,165 1,819 (6) 1,813 668 - 668 25,841 (1,799) 24,042 2,846 (314) 2,532 280 (14) 266 1,800,477 (45,693) 1,754,784 605,821 (26,438) 579,383 Financial institutions 181,589 (4,357) 177,232 Public sector 239,131 (87) 239,044 Private customers 758,176 (14,043) 744,133 12,381 (591) 11,790 3,379 (177) 3,202 114 (4) 110 Corporates 88 (3) 85 Sole traders 26 (1) 25 1,983,068 (58,688) 1,924,380 Sole traders Non-profit institutions serving households Finance lease Long-term Total On 31 December 2018, the balance of loans to employees amounted to 18,079 thousand euros. 276 Translation of 2018 Annual Report · UniCredit Bank Group EUR '000 31/12/2018 Gross value Impairment Net value 182,522 (13,030) 169,492 151,068 (10,897) 140,171 1,819 (6) 1,813 668 - 668 25,841 (1,799) 24,042 2,846 (314) 2,532 Loans Short-term Corporates Financial institutions Public sector Private customers Sole traders Non-profit institutions serving households Long-term Corporates Financial institutions 280 (14) 266 1,636,386 (45,113) 1,591,273 605,821 (26,438) 579,383 17,467 (3,750) 13,717 Public sector 239,131 (87) 239,044 Private customers 758,207 (14,070) 744,137 12,381 (591) 11,790 3,379 (177) 3,202 290 (36) 253 Sole traders Non-profit institutions serving households Finance lease Short-term Corporates 290 (36) 253 222,763 (16,800) 205,962 180,648 (15,838) 164,810 979 (0) 979 Private customers 14,585 (535) 14,050 Sole traders 26,551 (426) 26,125 2,041,960 (74,979) 1,966,981 Long-term Corporates Public sector Total On 31 December 2018, the balance of loans to employees amounted to 18,950 thousand euros. Annual changes, Impairment on loans to customers Bank EUR '000 Opening Balance Increase of impairment Losses on foreign exchange differences Decrease of impairment Gains on foreign exchange differences Decreases - unwinding Closing Balance Group 2018 2018 (65,874) (83,139) (16,309) (18,421) (225) (215) 15,435 18,461 7,776 7,776 509 559 (58,688) (74,979) UniCredit Bank · Translation of 2018 Annual Report 277 Financial Statements of the Bank and the Group Notes on the Financial Statements Finance lease Bank 31/12/2018 EUR '000 Group 31/12/2017 31/12/2018 31/12/2017 Gross investment in the lease Present value of minimum lease payments Gross investment in the lease Present value of minimum lease payments Gross investment in the lease Present value of minimum lease payments Gross investment in the lease Present value of minimum lease payments Not later than one year 45 41 40 36 72,956 68,000 61,950 57,451 Later than one year and not later than five years 73 69 92 86 134,607 127,812 117,171 110,492 Later than five years Total - - - - 10,662 10,266 12,864 12,257 118 110 132 122 218,225 206,078 191,985 180,200 Bank Unearned finance income Accumulated allowance for uncollectible minimum lease payments receivable Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 8 10 12,147 11,785 (4) (5) (16,837) (17,396) The Bank and the Group don’t have unguaranteed residual values accruing to the benefit of the lessor and also not contingent rents recognised as income in the period. For both years, the note on finance leases is included in the note Financial assets at amortised cost since the implementation of IFRS 9 did not influence finance leases, except impairments. Advances Bank EUR '000 Group 31/12/2018 Claims for fees Impairment on claims for fees 31/12/2018 877 877 (118) (118) Accrued income 908 908 Claims arising from the settlement of transactions 697 697 Other financial assets 251 506 Impairment on other financial assets Total (1) (120) 2,614 2,750 Annual changes, Impairment on other financial assets Bank Group EUR '000 2018 2018 Opening Balance (128) (246) Increases (60) (61) Decreases 69 69 (119) (238) Closing Balance 278 Translation of 2018 Annual Report · UniCredit Bank Annual changes, Accrued income Bank Group EUR '000 2018 2018 Opening Balance 772 772 Increases 683 683 Decreases (547) (547) 908 908 Closing Balance Note 7: Loans and receivables (according to IAS 39) Loans and receivables to banks Bank EUR '000 Short-term loans Group 31/12/2017 31/12/2017 39,710 39,710 Claims arising from pledged collateral Total 1,284 1,284 40,994 40,994 Loans and receivables to customers Bank EUR '000 31/12/2017 Gross value Impairment Net value 158,464 (16,020) 142,444 127,297 (13,690) 113,607 2,468 (36) 2,432 Loans Short-term Corporates Financial institutions Public sector 206 - 206 25,662 (2,090) 23,572 2,760 (186) 2,574 71 (18) 53 1,717,149 (52,178) 1,664,971 Corporates 565,958 (34,393) 531,565 Financial institutions 162,445 (3,712) 158,733 Public sector 261,158 (97) 261,061 Private customers 715,577 (13,368) 702,209 10,237 (527) 9,710 1,774 (81) 1,693 118 (5) 113 118 (5) 113 1,875,731 (68,203) 1,807,528 Private customers Sole traders Non-profit institutions serving households Long-term Sole traders Non-profit institutions serving households Finance lease Long-term Corporates Total On 31 December 2017, the balance of loans to employees amounted to 19,370 thousand euros. UniCredit Bank · Translation of 2018 Annual Report 279 Financial Statements of the Bank and the Group Notes on the Financial Statements Group EUR '000 31/12/2017 Gross value Impairment Net value 158,408 (16,057) 142,351 127,342 (13,727) 113,615 2,367 (36) 2,331 206 - 206 25,662 (2,090) 23,572 2,760 (186) 2,574 Loans Short-term Corporates Financial institutions Public sector Private customers Sole traders Non-profit institutions serving households Long-term Corporates Financial institutions 71 (18) 53 1,580,173 (52,206) 1,527,967 565,997 (34,421) 531,576 25,430 (3,712) 21,718 Public sector 261,158 (97) 261,061 Private customers 715,577 (13,368) 702,209 10,237 (527) 9,710 1,774 (81) 1,693 300 (33) 267 268 (1) 267 32 (32) - 197,266 (17,363) 179,903 160,853 (16,402) 144,451 Sole traders Non-profit institutions serving households Finance lease Short-term Corporates Private customers Long-term Corporates Public sector 1,351 (1) 1,350 Private customers 12,041 (619) 11,422 Sole traders 23,021 (341) 22,680 1,936,147 (85,659) 1,850,488 Total On 31 December 2017, the balance of loans to employees amounted to 20,108 thousand euros. Annual changes, Impairment on loans and receivables to customers Bank EUR '000 Opening Balance Increases Group 2017 2017 (106,493) (119,748) (39,820) (47,594) Losses on foreign exchange differences (1,570) (1,570) Increases recognized as interest expense (10,119) (10,119) 68,526 72,098 Decreases due to write-offs 8,953 8,953 Gains on foreign exchange differences 2,169 2,169 10,151 10,151 (68,203) (85,660) Decreases Decreases recognized as interest income Closing Balance 280 Translation of 2018 Annual Report · UniCredit Bank Other financial assets Bank EUR '000 Group 31/12/2017 31/12/2017 Claims for fees 828 828 Impairment on claims for fees (32) (32) Accrued income 772 772 41 41 2,440 2,440 Claims arising from past due derivatives Claims arising from the settlement of transactions Other financial assets Impairment on other financial assets Total 205 4,264 - (1,326) 4,254 6,987 Annual changes, Impairment on other financial assets Bank Group EUR '000 2017 2017 Opening Balance (308) (1,637) Increases (136) (136) Decreases 412 415 Closing Balance (32) (1,358) Note 8: Held-to-maturity financial assets (according to IAS 39) The Note refers to the Bank and to the Group. EUR '000 31/12/2017 Bonds, Republic of Slovenia 7,202 Total 7,202 Annual changes EUR '000 2017 Opening Balance 7,127 Increases 280 Purchase 280 Decreases (205) Redemption (205) Closing Balance 7,202 UniCredit Bank · Translation of 2018 Annual Report 281 Financial Statements of the Bank and the Group Notes on the Financial Statements Note 9: Derivatives - hedge accounting For both years, the Note refers to the Bank and to the Group. EUR '000 31/12/2018 31/12/2017 Level 2 Level 2 Instruments for hedging single financial instrument - 41 Fair value hedge - 41 10,704 11,293 9,703 3,553 Instruments for hedging portfolio of financial instruments Fair value hedge Cash flow hedge Total 1,001 7,740 10,704 11,334 Note 10: Fair value changes of the hedged items in portfolio interest rate risk - assets For both years, the Note refers to the Bank and to the Group. EUR '000 31/12/2018 31/12/2017 Positive fair value changes of the hedged items in portfolio interest rate risk 1,836 605 Negative fair value changes of the hedged items in portfolio interest rate risk (1,412) (3,023) 424 (2,418) Total All fair value changes of the hedged items in portfolio interest risk – assets refer to hedging of loans. Note 11: Investments in subsidiaries, associates and joint ventures Bank EUR '000 Group 31/12/2018 31/12/2017 Investments in subsidiaries 1 1 - - Total 1 1 - - 282 Translation of 2018 Annual Report · UniCredit Bank 31/12/2018 31/12/2017 Note 12: Tangible assets Property, plant and equipment Bank 2018 EUR '000 Leasehold improvements Computer hardware Other equipment 10,475 6,764 164 - - 439 Work in progress Total 6,158 6 23,403 - 539 703 96 (535) - Cost Opening Balance Additions Transfer from work in progress Disposals Closing Balance (678) (590) (627) - (1,895) 9,961 6,613 5,627 10 22,211 8,807 5,718 5,249 - 19,774 Depreciation Opening Balance Depreciation for the year 607 459 309 - 1,375 (626) (589) (572) - (1,787) 8,788 5,588 4,986 - 19,362 Opening Balance 1,668 1,046 909 6 3,629 Closing Balance 1,173 1,025 641 10 2,849 Leasehold improvements Computer hardware Other equipment Work in progress Total 10,658 6,341 6,245 9 23,253 Disposals Closing Balance Net book value 2017 EUR '000 Cost Opening Balance Additions Transfer from work in progress Disposals Closing Balance 28 - - 507 535 - 424 86 (510) - (211) (1) (173) - (385) 10,475 6,764 6,158 6 23,403 8,256 5,123 5,051 - 18,430 681 595 335 - 1,611 Depreciation Opening Balance Depreciation for the year Disposals Closing Balance (130) - (137) - (267) 8,807 5,718 5,249 - 19,774 Net book value Opening Balance 2,402 1,218 1,194 9 4,823 Closing Balance 1,668 1,046 909 6 3,629 UniCredit Bank · Translation of 2018 Annual Report 283 Financial Statements of the Bank and the Group Notes on the Financial Statements Group 2018 EUR '000 Equpment, which is subject to operating lease, in progress Total Work in progress Equpment, which is subject to operating lease 6,158 6 2,606 - 26,023 - 539 - 2,122 2,825 Leasehold improvements Computer hardware Other equipment 10,489 6,764 164 - Cost Opening Balance Additions Transfer from work in progress - 439 96 (535) 2,122 (2,122) - (678) (590) (627) - (1,623) - (3,518) 9,975 6,613 5,627 10 3,105 - 25,330 8,811 5,718 5,250 - 694 - 20,473 608 459 309 - 552 - 1,928 (626) (589) (572) - (512) - (2,299) 8,793 5,588 4,987 - 734 - 20,102 Opening Balance 1,678 1,046 908 6 1,912 - 5,550 Closing Balance 1,182 1,025 640 10 2,371 - 5,228 Work in progress Equpment, which is subject to operating lease Equpment, which is subject to operating lease, in progress Total Disposals Closing Balance Depreciation Opening Balance Depreciation for the year Disposals Closing Balance Net book value 2017 EUR '000 Leasehold improvements Computer hardware Other equipment 10,672 6,341 6,245 9 5,172 - 28,439 28 - - 507 - 1,971 2,506 Cost Opening Balance Additions Transfer from work in progress - 424 86 (510) 1,971 (1,971) - (211) (1) (173) - (4,537) - (4,922) 10,489 6,764 6,158 6 2,606 - 26,023 8,259 5,123 5,052 - 2,821 - 21,255 682 595 335 - 663 - 2,275 (130) - (137) - (2,790) - (3,057) 8,811 5,718 5,250 - 694 - 20,473 Opening Balance 2,413 1,218 1,193 9 2,351 - 7,184 Closing Balance 1,678 1,046 908 6 1,912 - 5,550 Disposals Closing Balance Depreciation Opening Balance Depreciation for the year Disposals Closing Balance Net book value The Bank and the Group have contractual commitments for the acquisition of property, plant and equipment in the amount of 33 thousand euros as of 31 December 2018 (as of 31 December 2017: 111 thousand euros of contractual commitments for the acquisition of property, plant and equipment). The Group cannot sell the leasehold improvements and has no other contractual commitments related to them. The Group did not pledge its property, plant and equipment. As the Group does not have any borrowing costs related to property, plant and equipment, it did not capitalize them. 284 Translation of 2018 Annual Report · UniCredit Bank Investment property Bank EUR '000 Group 2018 2017 2018 2017 - - 1,533 2,797 Cost Opening Balance Disposals Closing Balance - - - (1,264) - - 1,533 1,533 - - 114 108 - - 46 62 Depreciation Opening Balance Depreciation for the year Disposals - - - (56) - - 160 114 Opening Balance - - 1,419 2,689 Closing Balance - - 1,373 1,419 Closing Balance Net book value On 31 December 2018, fair value of investment property amounted to 2,690 thousand euros (on 31 December 2017: 2,320 thousand euros) and it is based on a valuation by an independent appraiser. There are no restrictions on the realisability of investment property. In 2018, UniCredit Leasing, d.o.o. received rental income in the amount of 191 thousand euros (in 2017: 212 thousand euros) and it had direct operating expenses in the amount of 14 thousand euros (in 2017: 95 thousand euros). The entire amount of direct operating expenses refers to investment property, which generated rental income in this period. Investment property was dispossessed from lessees and with the amounts obtained the unsettled claims towards them would be covered. UniCredit Leasing, d.o.o. doesn’t have contractual obligations to purchase, construct or develop investment property nor for repairs, maintenance or enhancements. Note 13: Intangible assets Bank 2018 EUR '000 2017 Intangible assets in progress Total Intangible assets in use Intangible assets in progress Total 36,816 4,622 41,438 35,424 4,456 39,880 - 2,911 2,911 - 2,590 2,590 5,960 (5,960) - 2,424 (2,424) - Intangible assets in use Cost Opening Balance Additions Transfer from work in progress Disposal Closing Balance (3,229) - (3,229) (1,032) - (1,032) 39,547 1,573 41,120 36,816 4,622 41,438 25,980 - 25,980 23,236 - 23,236 3,558 Amortization Opening Balance Amortization 3,723 - 3,723 3,558 - (3,132) - (3,132) (814) - (814) 26,571 - 26,571 25,980 - 25,980 Opening Balance 10,836 4,622 15,458 12,188 4,456 16,644 Closing Balance 12,976 1,573 14,549 10,836 4,622 15,458 Disposal Closing Balance Net book value UniCredit Bank · Translation of 2018 Annual Report 285 Financial Statements of the Bank and the Group Notes on the Financial Statements Group 2018 EUR '000 2017 Intangible assets in use Intangible assets in progress Total Intangible assets in use Intangible assets in progress Total 37,277 4,711 41,988 35,861 4,514 40,375 - 3,019 3,019 5 2,640 2,645 6,145 (6,145) - 2,443 (2,443) - Cost Opening Balance Additions Transfer from work in progress Disposal Closing Balance (3,256) - (3,256) (1,032) - (1,032) 40,166 1,585 41,751 37,277 4,711 41,988 26,233 - 26,233 23,448 - 23,448 3,599 Amortization Opening Balance Amortization 3,795 - 3,795 3,599 - (3,147) - (3,147) (814) - (814) 26,881 - 26,881 26,233 - 26,233 Opening Balance 11,044 4,711 15,755 12,413 4,514 16,927 Closing Balance 13,285 1,585 14,870 11,044 4,711 15,755 Disposal Closing Balance Net book value The Group recognizes as intangible assets exclusively computer software. The Group has no internally generated intangible assets. As of 31 December 2018, the Bank has the contractual commitments for acquisition of intangible assets in the amount of 1,329 thousand euros (654 thousand euros on 31 December 2017) and the Group in the amount of 1,346 thousand euros (675 thousand euros on 31 December 2017). Since the Group doesn’t have any borrowing costs related to intangible assets, it did not capitalize them. Note 14: Tax assets and tax liabilities Current tax Bank EUR '000 31/12/2018 Claims for current tax Offsetting Effect in 2018 31/12/2018 31/12/2017 Effect in 2018 1,437 3,392 2,483 909 3,933 2,496 (1,966) (2,483) 517 (2,507) (2,496) (11) 1,426 - 1,426 1,426 - 1,426 Balance of claims for current tax Liabilities for current tax Offsetting Group 31/12/2017 1,966 3,698 (1,732) 2,802 4,103 (1,301) (1,966) (2,483) 517 (2,507) (2,496) (11) - 1,215 (1,215) 295 1,607 (1,312) Balance of liabilities for current tax 286 Translation of 2018 Annual Report · UniCredit Bank Deferred tax Bank EUR '000 Claims balance Statement of Income Loans to banks and loans to customers Financial assets at fair value through other comprehensive income Available-for-sale financial assets (according to IAS 39) Tangible and Intangible assets Group 31/12/2018 31/12/2017 Effect in 2018 31/12/2018 31/12/2017 Effect in 2018 1,884 4,193 - - (2,309) 5,451 7,837 (2,386) - 3,433 3,514 (81) 69 - 69 69 - 69 - 56 (56) - 56 (56) (9) 49 62 (13) 183 192 135 133 2 135 133 2 1,631 3,942 (2,311) 1,631 3,942 (2,311) Claims balance net equity 24 3 21 24 3 21 Financial assets at fair value through other comprehensive income 24 - 24 24 - 24 - 3 (3) - 3 (3) (1,908) (4,196) 2,288 (1,908) (4,196) 2,288 Provisions Loss Available-for-sale financial assets (according to IAS 39) Offsetting Balance of claims for deferred tax Liabilities balance net equity Provisions Cash flow hedge Financial assets at fair value through other comprehensive income Available-for-sale financial assets (according to IAS 39) Offsetting Balance of liabilities for deferred tax - - - 3,567 3,644 (77) 3,780 6,054 (2,274) 3,780 6,054 (2,274) 57 55 2 57 55 2 804 984 (180) 804 984 (180) 2,919 - 2,919 2,919 - 2,919 - 5,015 (5,015) - 5,015 (5,015) (1,908) (4,196) 2,288 (1,908) (4,196) 2,288 1,872 1,858 14 1,872 1,858 14 Tax loss carried forward Bank EUR '000 Opening Balance Decrease Closing Balance 2018 Group 2017 2018 2017 20,749 44,027 20,749 44,027 (12,164) (23,278) (12,164) (23,278) 8,585 20,749 8,585 20,749 31/12/2017 31/12/2018 31/12/2017 Note 15: Other assets Bank EUR '000 Claims arising from given prepayments Deferred expenses Accrued income Stock Other assets Impairment on other assets Total 31/12/2018 Group 3 6 2,299 197 264 322 395 448 1,113 908 1,003 835 - - 253 598 16 18 17 18 (8) - (9) - 1,388 1,254 3,958 2,096 UniCredit Bank · Translation of 2018 Annual Report 287 Financial Statements of the Bank and the Group Notes on the Financial Statements Annual changes, Deferred expenses Bank EUR '000 Group 2018 Opening Balance Increase Decrease - recognition in Statement of Income Closing Balance 2017 2018 2017 322 683 448 841 2,126 1,701 2,265 1,818 (2,184) (2,062) (2,318) (2,211) 264 322 395 448 Annual changes, Accrued income Bank EUR '000 Opening Balance Increase Group 2018 2017 2018 2017 908 52 835 52 2,286 998 2,176 925 (2,081) (142) (2,008) (142) 1,113 908 1,003 835 2018 2017 2018 2017 (9) - (9) - Increase - - (1) - Decrease - recognition in Statement of Income 1 - 1 - (8) - (9) - Decrease - recognition in Statement of Income Closing Balance Annual changes, Impairment on other assets Bank EUR '000 Opening Balance Closing Balance Group Note 16: Financial liabilities held for trading For both years, the Note refers to the Bank and to the Group. EUR '000 31/12/2018 31/12/2017 Level 1 Level 2 Total Level 1 Level 2 Total Derivatives held for trading - 9,214 9,214 - 7,031 7,031 Forwards - 460 460 - 131 131 Options - 67 67 - 68 68 - 8,687 8,687 - 6,832 6,832 Other financial liabilities held for trading Swaps 2 - 2 44 - 44 Total 2 9,214 9,216 44 7,031 7,075 All financial liabilities held for trading were designated as such upon initial recognition. Note 17: Financial liabilities designated at fair value through profit or loss The note refers to the Bank and to the Group. EUR '000 31/12/2018 Level 3 Valuation of non-drawn loans mandatorily at fair value through profit or loss 1,282 Total 1,282 288 Translation of 2018 Annual Report · UniCredit Bank Annual changes, Valuation of non-drawn loans mandatorily at fair value through profit or loss EUR '000 2018 Opening Balance 1,140 Increase - recognized in Statement of Income 142 Closing Balance 1,282 The position represents the valuation of non-drawn loans, which amounted to 2,073 thousand euros. As a result, all its changes are assigned to credit risk. Note 18: Financial liabilities measured at amortised cost Deposits from banks and central banks Bank EUR '000 On demand from banks Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 7,092 3,571 7,092 3,571 Short-term deposits from banks 9,417 26,004 9,417 26,004 Long-term deposits from banks 90,187 115,226 90,187 115,226 106,696 144,801 106,696 144,801 31/12/2018 31/12/2017 31/12/2018 31/12/2017 On demand 1,420,284 1,329,479 1,417,613 1,322,724 Corporates 764,305 701,710 764,305 701,710 Financial institutions 65,132 107,737 62,461 100,982 Public sector 37,403 47,702 37,403 47,702 502,972 424,102 502,972 424,102 44,441 43,203 44,441 43,203 6,031 5,025 6,031 5,025 189,777 297,704 189,777 297,704 109,504 171,393 109,504 171,393 19,829 15,848 19,829 15,848 7,695 51,720 7,695 51,720 49,027 55,678 49,027 55,678 Total Deposits from customers Bank EUR '000 Private customers Sole traders Non-profit institutions serving households Short-term deposits Corporates Financial institutions Public sector Private customers Group Sole traders 1,019 39 1,019 39 Non-profit institutions serving households 2,703 3,026 2,703 3,026 312,560 330,352 312,560 330,352 116,363 104,050 116,363 104,050 15,855 Long-term deposits Corporates Financial institutions Public sector Private customers Sole traders Non-profit institutions serving households Total - 15,855 - 53,015 97,281 53,015 97,281 139,192 109,786 139,192 109,786 79 566 79 566 3,911 2,814 3,911 2,814 1,922,621 1,957,535 1,919,950 1,950,780 UniCredit Bank · Translation of 2018 Annual Report 289 Financial Statements of the Bank and the Group Notes on the Financial Statements Loans from banks and central banks Bank EUR '000 Long-term loans from central banks Long-term loans from banks Total Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 241,949 244,000 241,949 244,000 50,554 12,366 82,504 54,193 292,503 256,366 324,453 298,193 31/12/2018 31/12/2017 31/12/2018 31/12/2017 4,142 6,061 4,142 6,061 32 49 32 49 2,593 6,231 2,593 6,231 687 915 1,536 1,405 7,314 8,381 7,568 8,692 Other financial liabilities Bank EUR '000 Assets for cross-border payment transfers Liabilities for fees Liabilities arising from settlement of transactions Liabilities to suppliers Accrued expenses Received prepayments and warranties Other financial liabilities Total Group - - 908 335 5,315 2,725 5,316 2,723 20,083 24,362 22,095 25,496 31/12/2017 31/12/2018 8,381 6,300 8,692 6,569 5,732 11,059 6,210 11,243 Annual changes, Accrued expenses Bank EUR '000 Opening Balance Increase Decrease - release to Statement of Income Decrease - pay out Closing Balance 31/12/2018 Group 31/12/2017 (482) - (482) - (6,317) (8,978) (6,852) (9,120) 7,314 8,381 7,568 8,692 31/12/2018 31/12/2017 Level 2 Level 2 52 - Note 19: Derivatives - hedge accounting For both years, the Note refers to the Bank and to the Group. EUR '000 Instruments for hedging single financial instrument Fair value hedge Instruments for hedging portfolio of financial instruments 52 - 23,070 19,256 Fair value hedge 4,896 263 Cash flow hedge 18,174 18,993 Total 23,122 19,256 Note 20: Fair value changes of the hedged items in portfolio interest rate risk - liabilities For both years, the Note refers to the Bank and to the Group. EUR '000 Positive fair value changes of the hedged items in portfolio interest rate risk Negative fair value changes of the hedged items in portfolio interest rate risk Total 290 Translation of 2018 Annual Report · UniCredit Bank 31/12/2018 31/12/2017 3,983 - (95) - 3,888 - Note 21: Provisions Bank EUR '000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 For pending legal cases 8,240 3,103 8,240 3,103 For jubilee awards and severance 1,938 808 1,957 808 For off-balance sheet items 7,739 7,973 7,739 7,973 Other provisions 2,600 2,600 2,600 2,600 20,517 14,484 20,536 14,484 Total On 31 December 2018, there were 59 pending litigations for the Bank amounting to a total of 15.9 million euros in which the Bank was involved as a defendant (on 31 December 2017: 12.1 million euros). The company UniCredit Leasing, d.o.o. was not involved in any litigation. In line with the assessment of their outcome, the Group formed adequate provisions for litigations. Bank 2018 For pending legal cases For jubilee awards and severance Opening Balance before restatement 3,103 Effects of changes in accounting policies - EUR '000 For off-balance sheet items Other provisions Total 808 7,973 2,600 14,484 - (2,686) - (2,686) 11,798 Opening Balance 3,103 808 5,287 2,600 Increases 5,550 1,186 4,198 - 10,934 5,550 1,186 4,198 - 10,934 (413) (56) (1,746) - (2,215) - (35) - - (35) (413) - (1,746) - (2,159) - (21) - - (21) 8,240 1,938 7,739 2,600 20,517 For pending legal cases For jubilee awards and severance For off-balance sheet items Other provisions Total Opening Balance 1,238 769 5,200 2,600 9,807 Increases 2,278 78 6,792 - 9,148 Balance Statement of Income Decreases Use of provisions Decreases balance Statement of Income Decreases balance equity Closing Balance 2017 EUR '000 Balance Statement of Income Decreases Use of provisions Decreases balance Statement of Income Decreases balance equity Closing Balance 2,278 78 6,792 - 9,148 (413) (39) (4,019) - (4,471) - (20) - - (20) (413) - (4,019) - (4,432) - (19) - - (19) 3,103 808 7,973 2,600 14,484 UniCredit Bank · Translation of 2018 Annual Report 291 Financial Statements of the Bank and the Group Notes on the Financial Statements Group 2018 For pending legal cases For jubilee awards and severance Opening Balance before restatement 3,103 Effects of changes in accounting policies 3,103 EUR '000 Opening Balance Increases For off-balance sheet items Other provisions Total 808 7,973 2,600 14,484 - (2,850) - (2,850) 808 5,123 2,600 11,634 5,550 1,205 4,198 - 10,953 5,550 1,205 4,198 - 10,953 (413) (56) (1,582) - (2,051) - (35) - - (35) (413) - (1,582) - (1,995) - (21) - - (21) 8,240 1,957 7,739 2,600 20,536 For pending legal cases For jubilee awards and severance For off-balance sheet items Other provisions Total Opening Balance 1,238 769 5,200 2,964 10,171 Increases 2,278 78 6,792 - 9,148 Balance Statement of Income Decreases Use of provisions Balance Statement of Income Decreases balance equity Closing Balance 2017 EUR '000 Balance Statement of Income Decreases Use of provisions Balance Statement of Income Decreases balance equity Closing Balance 2,278 78 6,792 - 9,148 (413) (39) (4,019) (364) (4,835) - (20) - - (20) (413) - (4,019) (364) (4,796) - (19) - - (19) 3,103 808 7,973 2,600 14,484 31/12/2018 31/12/2017 31/12/2018 31/12/2017 1,775 1,211 2,469 1,967 469 463 1,037 1,165 2,244 1,674 3,506 3,132 Note 22: Other liabilities Bank EUR '000 Accrued expenses and deferred income Liabilities for taxes and contributions Total Group Annual changes, Deferred income Bank Group EUR '000 2018 2017 2018 2017 Opening Balance 1,211 1,183 1,967 1,842 3,887 3,358 4,346 3,820 (3,323) (3,330) (3,844) (3,695) 1,775 1,211 2,469 1,967 Increase Decrease - release to Statement of Income Closing Balance 292 Translation of 2018 Annual Report · UniCredit Bank Note 23: Share capital Bank EUR '000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 Ordinary shares - subscribed by foreign banks 20,384 20,384 20,384 20,384 Total 20,384 20,384 20,384 20,384 On 31 December 2018, the Bank's share capital amounted to 20,383,765 euros and was comprised of 4,888,193 pieces of ordinary non-parvalue shares, which are fully paid. Each primary non-par-value share entitles its holder to one vote when concluding decisions at the Bank's General Meeting of Shareholders, to share in profit (dividend) and to appropriate share in remaining assets after the Bank's liquidation or bankruptcy. Note 24: Share premium Bank EUR '000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 Payments in excess of nominal amounts of paid-up shares 91,736 91,736 91,736 91,736 Share premium reserve 16,024 16,024 16,024 16,024 107,760 107,760 107,760 107,760 31/12/2018 31/12/2017 3,426 4,196 Total Note 25: Accumulated other comprehensive income For both years, the Note refers to the Bank and to the Group. EUR '000 Accumulated other comprehensive income, Cash flow hedge Accumulated other comprehensive income, Financial assets at fair value through other comprehensive income Accumulated other comprehensive income, Available-for-sale financial assets (according to IAS 39) Accumulated other comprehensive income, Actuarial gains (losses) on defined benefit pension plans 12,351 - - 21,368 542 523 16,319 26,087 EUR '000 2018 2017 Opening Balance 4,196 907 5,179 1,119 Total Accumulated other comprehensive income, Cash flow hedge Gross value Deferred taxes Increases Gross value Deferred taxes (983) (212) (770) 3,289 (951) 4,060 181 (771) Closing Balance 3,426 4,196 Gross value 4,228 5,179 Deferred taxes (802) (983) UniCredit Bank · Translation of 2018 Annual Report 293 Financial Statements of the Bank and the Group Notes on the Financial Statements Accumulated other comprehensive income, Financial assets at fair value through other comprehensive income EUR '000 2018 Opening Balance 21,089 Gross value 26,036 Deferred taxes (4,947) Increases 554 Gross value 684 Deferred taxes (130) Decreases (9,292) Gross value (11,471) Deferred taxes 2,179 Closing Balance 12,351 Gross value 15,249 Deferred taxes (2,898) Accumulated other comprehensive income, Available-for-sale financial assets (according to IAS 39) EUR '000 2017 Opening Balance 17,665 Gross value 21,808 Deferred taxes (4,143) Increases 6,207 Gross value 7,663 Deferred taxes (1,456) Decreases (2,504) Gross value (3,091) Deferred taxes 587 Closing Balance 21,368 Gross value 26,380 Deferred taxes (5,012) Accumulated other comprehensive income, Actuarial gains (losses) on defined benefit pension plans EUR '000 Opening Balance 2018 2017 523 506 Gross value 576 557 Deferred taxes (53) (51) 19 17 Gross value 22 19 Deferred taxes (3) (2) Closing Balance 542 523 Gross value 598 576 Deferred taxes (56) (53) Increases 294 Translation of 2018 Annual Report · UniCredit Bank Note 26: Reserves from profit Bank EUR '000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 1,307 1,307 1,307 1,307 Other reserves from profit 83,328 83,328 99,087 101,193 Total 84,635 84,635 100,394 102,500 Mandatory reserves Note 27: Retained earnings including profit / loss from current year Bank EUR '000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 Net profit for the year 20,614 38,341 23,368 36,235 Retained earnings 2,115 37 2,115 37 Transfer to / from reserves from profit (369) - 1.197 - 22,360 38,378 26,680 36,272 2018 2017 20,614 38,341 2,108 37 7 - Total Balance sheet available profit of the Bank EUR '000 Net profit for the year Retained earnings from previous years Realized gain / (loss) from derecognition of investments in equity financial instruments Effect of change in accounting policies (adoption of IFRS 9) (369) - 22,360 38,378 Distribution of dividends from current year's profit (4,106) (36,270) Transfer to the following year 18,254 2,108 Balance sheet avialable profit In the year 2018, 36,270 thousand euros of balance sheet available profit was distributed among the shareholders. The Management Board proposed to the Supervisory Board and to the General Meeting of Shareholders of the Bank that part of the accumulated profit in the amount of 4,106 thousand euros shall be distributed among the shareholders. The rest of the accumulated profit remains undistributed. Basic and diluted earnings per share Bank EUR '000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 20,614 38,341 23,368 36,235 (2) Number of shares 4,888,193 4,888,193 4,888,193 4,888,193 (3) Weighted number of shares in the year 4,888,193 4,888,193 4,888,193 4,888,193 4.22 7.84 4.78 7.41 (1) Net profit for the year (4) Earnings per share in euros (1) / (3) Basic and diluted earnings per share are the same. UniCredit Bank · Translation of 2018 Annual Report 295 Financial Statements of the Bank and the Group Notes on the Financial Statements Notes on the Statement of Income Note 28: Interest income Bank Group 2018 EUR '000 Total Interest on financial assets held for trading 2,881 2017 of which interest on stage 3 exposures 2018 Total Total 3,229 2,881 440 - 440 6,130 - - Interest on financial assets available for sale (according to IAS 39) - - Interest on financial assets at amortised cost 38,958 Interest on non-trading financial assets mandatorily at fair value through profit or loss 440 Interest on financial assets at fair value through other comprehensive income - 2017 of which interest on stage 3 exposures - Total 3,229 440 - 6,130 - - 6,419 - - 6,419 2,026 - 43,883 2,435 - Debt securities 78 - - 78 - - Loans to banks 63 - - 63 - - 2,435 - Loans to non-bank customers 38,817 Interest on loans and receivables (according to IAS 39) - 2,026 43,742 - 41,938 - - 45,791 To banks - - 76 - - 76 To customers - - 41,862 - - 45,715 Interest from impaired loans - - 9,224 - - 9,224 Interest from non-impaired loans - - 32,638 - - 36,491 - - 355 - - 355 Interest on derivatives used for hedging 5,692 - 2,296 5,692 - 2,296 Negative interest on liabilities 2,336 - 1,415 2,336 - 1,415 56,437 2,466 55,652 61,362 2,875 59,505 Interest on financial assets held to maturity (according to IAS 39) Total Note 29: Interest expense Bank EUR '000 Group 2018 2017 2018 2017 Interest on financial liabilities held for trading (2,873) (3,252) (2,873) (3,252) Interest on derivatives used for hedging (3,967) (2,662) (3,967) (2,662) Interest on received deposits and loans measured at amortised cost (3,469) (5,001) (3,901) (5,331) Paid to banks (1,616) (2,578) (2,047) (2,855) Paid to customers (1,853) (2,423) (1,854) (2,476 ) Negative interest on assets Total 296 Translation of 2018 Annual Report · UniCredit Bank (935) (1,444) (935) (1,444) (11,244) (12,359) (11,676) (12,689) Note 30: Dividend income For both years, the Note refers to the Bank and to the Group. EUR '000 2018 Dividends from financial assets at fair value through other comprehensive income 2017 39 - Dividends from financial assets available for sale (according to IAS 39) - 140 Dividends from non-trading financial assets mandatorily at fair value throuhg profit of loss 6 - 45 140 Total Note 31: Fee and commission income Bank Group EUR '000 2018 2017 2018 2017 Fees from transactions with securities 6,339 7,100 6,339 7,100 Fees from guarantees 2,930 2,916 2,893 2,875 Fees from performing payment services – maintenance of transaction accounts 2,641 2,651 2,641 2,651 Fees from performing payment services – payments 5,562 5,481 5,562 5,481 Fees from performing payment services – card operations 5,203 5,071 5,189 5,071 Fees from performing other payment services 2,158 1,973 2,158 1,973 Fees from loan and lease transactions 5,224 5,172 5,305 5,221 181 939 181 939 Fees from corporate finance advisory Fees from other transactions Total 694 898 694 898 30,932 32,201 30,962 32,209 Note 32: Fee and commission expenses Bank EUR '000 Group 2018 2017 2018 2017 Fees for performed payment services – card operations (3,315) (2,831) (3,315) (2,831) Fees for performed other payment services (2,233) (2,367) (2,203) (2,344) Fees for performed agency services and commission operations (1,343) (1,397) (1,383) (1,412) Fees for performed services for corporate finance advisory - (188) - (188) Fees for performed other services (1,246) (1,255) (1,371) (1,413) Total (8,137) (8,038) (8,272) (8,188) UniCredit Bank · Translation of 2018 Annual Report 297 Financial Statements of the Bank and the Group Notes on the Financial Statements Note 33: Net gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss Bank Group EUR '000 2018 2017 2018 2017 Realised gains 5,634 2,603 5,634 2,603 2,472 - 2,472 - On available-for-sale financial assets (according to IAS 39), debt instruments - 1,446 - 1,446 On available-for-sale financial assets (according to IAS 39), equity instruments - 17 - 17 3,143 1,115 3,143 1,115 On financial assets at fair value through other comprehensive income, debt instruments On loans at amortised cost On other financial assets and liabilities 19 25 19 25 (878) (2,387) (878) (2,387) (878) - (878) - On available-for-sale financial assets (according to IAS 39), debt instruments - (124) - (124) On loans at amortised cost - (52) - (52) - (2,211) - (2,211) 4,756 216 4,756 216 Realised losses On financial assets at fair value through other comprehensive income, debt instruments On other financial assets and liabilities Total Note 34: Net gains or losses on financial assets and liabilities held for trading For both years, the Note refers to the Bank and to the Group. EUR '000 2018 2017 (53) 273 Net gains on purchase and sale of foreign currencies 2,610 2,096 Net gains / losses on derivatives 1,934 (645) Total 4,491 1,724 Net gains on securities trading Note 35: Net gains or losses on non-trading financial assets mandatorily at fair value through profit or loss The Note refers to the Bank and to the Group. EUR '000 2018 Gains 704 Loans 400 Valuation - credit component Valuation - non-credit component Fees Equity instruments 332 60 8 304 Losses (119) Loans (119) Valuation - credit component Valuation - non-credit component Total 298 Translation of 2018 Annual Report · UniCredit Bank (52) (67) 585 Note 36: Net gains or losses on financial assets and liabilities designated at fair value through profit or loss The Note refers to the Bank and to the Group. EUR '000 2018 Losses (142) Financial liabilities (142) Total (142) All gains and losses on financial assets and liabilities designated at fair value through profit or loss are unrealized. For content clarification see Note 17. Note 37: Net gains or losses from hedge accounting For both years, the Note refers to the Bank and to the Group. EUR '000 Changes in fair value of derivatives used for hedging group financial instruments against interest rate risk Changes in fair value of derivatives for hedging fair value of instruments - micro Changes in fair value of derivatives used for hedging cashflows of group financial instruments - ineffective portion macro Changes in fair value of group financial instruments hedged against interest rate risk Total 2018 2017 (3,293) 2,609 (94) 46 29 (5,240) 3,488 (3,125) 130 (5,710) Note 38: Net exchange differences Bank EUR '000 2018 Group 2017 2018 2017 Gains on foreign exchange differences 130,472 132,101 130,490 132,143 Losses on foreign exchange differences (131,864) (129,737) (131,887) (129,791) (1,392) 2,364 (1,397) 2,352 Total Note 39: Net gains or losses on derecognition of non-financial assets Bank EUR '000 Gains on derecognition 2018 Group 2017 2018 2017 - - 65 98 Losses on derecognition (159) (649) (159) (649) Total (159) (649) (94) (551) UniCredit Bank · Translation of 2018 Annual Report 299 Financial Statements of the Bank and the Group Notes on the Financial Statements Note 40: Other operating net income Bank Group EUR '000 2018 2017 2018 2017 Gains 1,643 1,417 2,327 2,469 Gains on operational risk Refund of expenses for delegates abroad Gains on leases Other gains Losses 4 6 75 205 734 954 776 1,091 73 93 549 730 832 364 927 443 (2,097) (2,527) (2,360) (2,779) Memberships (53) (74) (53) (74) Losses on operational risk (11) (61) (81) (61) (1,418) (1,184) (1,418) (1,184) - - (126) (143) (615) (1,208) (682) (1,317) (454) (1,110) (33) (310) Bank Resolution Fund Losses on leases Other losses Total Note 41: Administrative expenses Bank Group EUR '000 2018 2017 2018 2017 Staff costs 22,605 23,479 23,462 24,422 Other administrative costs 13,640 13,387 13,870 13,658 Total 36,245 36,866 37,332 38,080 Staff costs Bank EUR '000 Group 2018 2017 2018 2017 15,700 16,615 16,301 17,265 Contributions for social security 1,365 1,096 1,409 1,138 Contributions for pension insurance 1,384 1,326 1,460 1,398 Gross salaries Other contributions levied on gross salaries Allowance for transport to work and for meals Variable salaries Other staff costs Total 300 Translation of 2018 Annual Report · UniCredit Bank 602 454 610 463 1,350 1,325 1,379 1,361 530 1,334 581 1,432 1,674 1,329 1,722 1,365 22,605 23,479 23,462 24,422 Other administrative costs Bank Group EUR '000 2018 2017 2018 2017 Operating leasehold on premises 2,069 2,009 2,005 1,982 IT services 2,854 2,305 2,942 2,376 Post and communication 1,350 1,287 1,434 1,356 Consulting and auditing services 2,297 2,884 2,331 2,910 Other outsourced services Marketing Training 906 790 964 884 1,003 1,132 1,005 1,132 137 97 137 97 672 655 678 664 1,293 1,188 1,296 1,199 Insurance 562 529 571 538 Travel costs 160 140 170 149 Material costs Costs of fixed assets maintenance and security Supervison costs Total 377 331 377 331 13,640 13,387 13,870 13,658 Costs of consulting and auditing services include the costs of auditing the Annual report in the amount of 62.5 thousand euros, costs of other non-audit services in the amount of 109 thousand euros and cost of other services related to providing assurances in the amount of 10 thousand euros. All services were provided by the auditing firm Deloitte revizija, d.o.o. The Bank rents several branches and office premises. Rental contracts usually run for up to 15 years with the option to renew or cancel them. The future minimum lease payments to be paid not later than in one year amount to 1,999 thousand euros, payments to be paid later than in one year and not later than in five years 326 thousand euros and no payments to be paid later than in five years (in 2017: 1,939 thousand euros not later than in one year, payments to be paid later than in one year and not later than in five years 1,440 thousand euros and payments to be paid later than in five years 170 thousand euros). Note 42: Depreciation Bank Group EUR '000 2018 2017 2018 2017 Depreciation of tangible assets 1,375 1,611 1,974 2,337 607 681 608 682 Depreciation of leasehold improvements Depreciation of computer hardware 459 595 459 595 Depreciation of other equipment 309 335 861 998 Depreciation of investment property - - 46 62 Amortisation of intangible assets 3,723 3,559 3,795 3,600 Total 5,098 5,170 5,769 5,937 Note 43: Net modification gains or losses The Note refers to the Bank and to the Group. EUR '000 Losses Loans to private customers Total 2018 (67) (67) (67) UniCredit Bank · Translation of 2018 Annual Report 301 Financial Statements of the Bank and the Group Notes on the Financial Statements Note 44: Provisions Bank Group EUR '000 2018 2017 2018 2017 For pending legal cases 5,136 1,865 5,136 1,865 For severance and jubilee salaries 1,185 78 1,204 78 - - - (364) For off-balance sheet items 2,452 2,773 2,616 2,773 Total 8,773 4,716 8,956 4,352 For potential losses Note 45: Impairments Bank EUR '000 Group 2018 2017 2018 2017 Impairment of financial assets, measured at cost (6,903) (37,949) (7,817) (33,748) Increase 16,378 39,956 18,490 47,729 Loans 16,318 39,820 18,429 47,593 60 136 61 136 Other financial assets Decrease (23,281) (77,905) (26,307) (81,477) Loans (23,212) (77,479) (26,238) (81,051) Other financial assets (69) (426) (69) (426) 7,683 8,916 7,672 10,269 7,776 8,931 8,022 10,586 (93) (15) (350) (317) 8 - 8 - Increase 26 - 26 - Decrease (18) - (18) - (1) - - - Increase - - 1 - Decrease (1) - (1) - 787 (29,033) (137) (23,479) Write-offs of financial assets, measured at cost Write-offs Income from written-off claims Impairment of financial assets at fair value through other comprehensive income Impairment of other assets Total Note 46: Profit or loss from non-current assets and disposal groups classified as held for sale, not qualifying as discontinued operations Bank EUR '000 Group 2018 2017 2018 2017 9 9 9 9 Loss from non-current assets held for sale - (5) - (5) Total 9 4 9 4 Profit from non-current assets held for sale 302 Translation of 2018 Annual Report · UniCredit Bank Note 47: Corporate income tax Bank Group EUR '000 2018 2017 2018 2017 Current tax 1,965 3,643 2,986 3,587 Deferred tax 2,308 4,732 2,385 3,990 Total 4,273 8,375 5,371 7,577 The amount of corporate income tax entirely affects the dividends, which are proposed to be paid to the shareholders of the Bank. Bank EUR '000 2018 Profit / loss before taxes Theoretical tax (19 %) Tax decrease for deductible income previous taxes revocation tax relief and tax loss consumption Tax increase for non-deductible expenses Deferred taxes Increase of temporary differences Group 2017 24,887 2018 46,716 2017 28,739 43,812 19.00 % 4,729 19.00 % 8,876 19.00 % 5,460 19.00 % 8,324 (11.85 %) (2,949) (11.53 %) (5,386) (12.86 %) (3,697) (14.00 %) (6,132) (0.82 %) (204) (0.53 %) (246) (3.27 %) (940) (2.14 %) (936) (0.10 %) (25) 0.00 % (1) (0.09 %) (27) (0.11 %) (49) (10.93 %) (2,720) (11.00 %) (5,139) (9.50 %) (2,730) (11.75 %) (5,147) 0.59 % 147 0.33 % 152 2.83 % 814 4.22 % 1,851 0.59 % 147 0.33 % 152 2.83 % 814 4.22 % 1,851 9.27 % 2,308 10.13 % 4,732 8.30 % 2,385 9.11 % 3,990 (0.14 %) (36) (0.08 %) (39) (2.43 %) (697) (3.47 %) (1,519) Decrease of temporary differences - transfer to current tax 9.42 % 2,344 10.21 % 4,771 10.72 % 3,082 12.57 % 5,509 Adjustments relating to previous years 0.00 % - (0.12 %) (56) 0.65 % 188 (1.17 %) (513) Other adjustments 0.15 % 38 0.12 % 57 0.77 % 221 0.13 % 57 17.17 % 4,273 17.93 % 8,375 18.69 % 5,371 17.29 % 7,577 Total Notes to the Statement of Cash Flows Note 48: Cash and Cash equivalents Bank EUR '000 Cash Minimum reserve with the Central Bank Demand deposits to banks Loans to banks with maturity up to 3 months Total 31/12/2018 Group 31/12/2017 31/12/2018 31/12/2017 15,592 10,943 15,592 10,943 166,240 359,410 166,240 359,410 56,597 42,207 56,597 42,207 1 4,203 1 4,203 238,430 416,763 238,430 416,763 UniCredit Bank · Translation of 2018 Annual Report 303 Financial Statements of the Bank and the Group Notes on the Financial Statements Notes to the Commitments and other Off-balance sheet Items in line with the Bank of Slovenia requirements Note 49: Commitments and other Off-balance sheet Items For both years, the Note refers to the Bank and to the Group. EUR '000 31/12/2018 31/12/2017 Guarantees 429,317 217,069 Committed credit and overdraft lines 471,307 619,356 4,360 20,264 Notional amount of derivatives 2,278,716 1,957,406 Total 3,183,700 2,814,095 2018 2017 Opening Balance 217,069 200,197 Increases 276,260 184,513 273,912 182,218 Creditors on spot business Annual changes, guarantees EUR '000 Issued guarantees Exchange rate differences Decreases Redemption Expired guarantees Exchange rate differences 2,348 2,295 (194,751) (168,660) (1,598) (207) (190,783) (165,648) (2,370) (2,805) 298,578 217,069 31/12/2018 31/12/2017 Forwards and futures 33,225 101,978 Interest options 24,891 16,126 1,940,736 1,519,486 Closing Balance Derivatives EUR '000 Interest swaps Held for trading Held for hedging Currency swaps 723,331 643,229 1,217,405 876,257 278,316 318,966 Held for trading 123,812 159,676 Held for hedging 154,504 159,290 1,547 850 2,278,716 1,957,406 Commodity swaps Total The Bank discloses the explanation regarding the uncertainty relating to the financial derivatives through the analysis of the counterparty risk, in the chapter Risk report. The Bank’s intention is also to close most of the positions out of derivative business. 304 Translation of 2018 Annual Report · UniCredit Bank Note 50: Fiduciary activities For both years, the Note refers to the Bank and to the Group. EUR '000 Cash from clients for brokerage with financial instruments Receivables from managing financial instruments Receivables from custody business Receivables from the Central Securities Clearing Corporation for sold financial instruments Receivables from settlement systems and institutions for sold financial instruments (buyers) Receivables from settlement business Receivables from other businesses on behalf and for account of third parties Assets total Liabilities to customers from money and financial instruments Liabilities to other settlement systems and institutions for purchased financial instruments (suppliers) 31/12/2018 31/12/2017 10,306 10,166 41,212 43,753 9,504,916 9,865,590 - 19 886 3,455 - 19 124,804 147,026 9,682,124 10,070,028 51,517 53,917 9,505,803 9,869,065 Liabilities to bank for commissions, expenses, etc. - 1 Liabilities from settlement business - 19 124,804 147,026 9,682,124 10,070,028 31/12/2018 31/12/2017 9,547,014 9,912,817 9,546,128 9,909,343 Liabilities from other businesses on behalf and for account of third parties Liabilities total Note 51: Agency services For both years, the Note refers to the Bank and to the Group. EUR '000 Claims of settlement and transaction accounts for client assets From financial instruments To the Central Securities Clearing Corporation or to bank's clearing account for sold financial instruments To the settlement systems and institutions for sold financial instruments (buyers) Clients' cash On settlement account for clients' funds On banks' transaction accounts - 19 886 3,455 10,306 10,166 2,007 1,876 8,299 8,290 Assets total 9,557,320 9,922,983 Liabilities of settlement account or transaction accounts for clients' funds 9,557,320 9,922,983 To clients from cash and financial instruments To other settlement systems and institutions for purchased financial instruments (suppliers) To the bank or the bank's settlement account for commissions, expenses, etc. 51,517 53,917 9,505,803 9,869,065 - 1 9,557,320 9,922,983 Off-balance sheet items 9,546,128 9,909,343 Clients' financial instruments, itemised by services 9,546,128 9,909,343 Liabilities total Managing financial instruments Custodian services 41,212 43,753 9,504,916 9,865,590 UniCredit Bank · Translation of 2018 Annual Report 305 Financial Statements of the Bank and the Group Notes on the Financial Statements Income and expenses from fees related to investment services and businesses EUR '000 2018 2017 Income from fees and commission related to investment and subsidiary investment services and businesses for clients 6,520 8,041 Reception, intermediary, and execution of orders Management of financial instruments Initial public offering and subsequent sales without obligation to buy Custodian and related services Consultancy to undertakings on capital structure, industrial strategy and related matters, and advice and services relating to mergers and acquisitions of undertakings Expenses from fees and commission related to investment and auxiliary investments services and businesses for clients Fees related to the Central Securities Clearing Corporation and to similar organizations 306 Translation of 2018 Annual Report · UniCredit Bank 43 104 345 486 12 498 5,938 6,014 182 939 1,432 1,758 1,432 1,758 Note 52: Related parties The Bank is a subsidiary of UniCredit S.p.A., incorporated in Milan, which owns 100.0 % of the Bank's shares and is ultimate parent of the Group. The Bank enters into several banking transactions with other members of the parent group UniCredit, which includes granted and received loans and deposits, buying and selling foreign currency as well as derivatives. The volumes of related-party transactions and related income and expenses are stated as follows: Statement of Financial Position Bank EUR '000 Loans Management Board Key management personnel Parent company Other companies within parent group UniCredit Other related parties Derivatives Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 240,864 211,749 76,956 74,740 599 827 636 870 476 158 654 217 25,784 42,513 25,784 42,513 213,999 168,216 49,876 31,105 6 35 6 35 11,965 11,743 11,965 11,743 Parent company 5,105 1,021 5,105 1,021 Other companies within parent group UniCredit 6,860 10,722 6,860 10,722 1,113 916 1,003 843 842 713 842 713 Other assets Parent company 271 203 161 130 Total assets Other companies within parent group UniCredit 253,942 224,408 89,924 87,326 Financial liabilities measured at amortised cost 101,527 116,740 125,566 128,248 125 76 169 99 - 5 74 77 Management Board Key management personnel Parent company Other companies within parent group UniCredit Other related parties Derivatives Parent company Other companies within parent group UniCredit Other liabilities 3,104 18 3,104 18 98,182 116,340 122,004 109,585 116 301 216 18,469 31,179 25,981 31,179 25,981 7,827 1,151 7,827 1,151 23,352 24,830 23,352 24,830 2,419 2,320 2,419 2,318 Parent company 1,359 830 1,359 830 Other companies within parent group UniCredit 1,060 1,490 1,060 1,488 135,124 145,041 159,164 156,547 Total liabilities Loans to banks within the parent group UniCredit include demand deposits, time deposits and loans to banks. They are unsecured and carry partially variable and partially fixed interest rates at market price. UniCredit Bank · Translation of 2018 Annual Report 307 Financial Statements of the Bank and the Group Notes on the Financial Statements Statement of Income Bank Group EUR '000 2018 2017 2018 2017 Interest income 5,135 1,933 3,947 126 11 11 12 12 Management Board Key management personnel Parent company Other companies within parent group UniCredit Other related parties Interest expense 2 2 2 2 90 - 90 - 5,031 1,919 3,842 111 1 1 1 1 6,324 8,276 6,731 8,545 Parent company 3,157 983 3,157 983 Other companies within parent group UniCredit 3,167 7,291 3,574 7,560 Other related parties Fee and commission income Parent company Other companies within parent group UniCredit Other related parties Fee and commission expenses Parent company Other companies within parent group UniCredit Other related parties Gains and losses on financial assets and liabilities held for trading Parent company - 2 - 2 622 1,752 570 1,709 54 650 54 650 562 1,102 511 1,059 5 - 5 - 278 493 342 574 52 233 116 312 224 260 224 262 2 - 2 - 5,577 (6,290) 5,577 (6,290) (1,577) (437) (1,577) (437) Other companies within parent group UniCredit 7,154 (5,853) 7,154 (5,853) Fair value adjustments in hedge accounting (3,358) (2,540) (3,358) (2,540) Parent company Other companies within parent group UniCredit Other operating income (401) 830 (401) 830 (2,957) (3,370) (2,957) (3,370) 1,380 1,237 736 1,113 Parent company 918 825 535 962 Other companies within parent group UniCredit 462 412 201 151 4,116 4,119 4,039 4,026 900 313 900 313 3,215 3,806 3,138 3,713 Administrative costs Parent company Other companies within parent group UniCredit 308 Translation of 2018 Annual Report · UniCredit Bank Remuneration paid Bank EUR '000 Remuneration paid to the Management Board Salaries and other short-term benefits 2017 Salaries and other short-term benefits Total 2018 2017 1,466 1,429 1,560 1,527 1,466 1,429 1,560 1,527 39 44 39 44 2,310 1,664 2,455 1,849 2,310 1,664 2,455 1,849 Remuneration paid to the Supervisory Board members Remuneration paid to other employees with an individual contract Group 2018 3,815 3,137 4,054 3,420 Number of the Management Board members as of 31 December 5 5 6 6 Number of the Supervisory Board members as of 31 December 5 4 5 4 41 20 43 23 Number of other employees with an individual contract as of 31 December In 2018, there were on average 28 employees with an individual contract. In the years 2017 and 2018, there were no payments received in line with share options and performance shares program. The Supervisory Board members received 39 thousand euros of compensation. Transactions of the Bank with its subsidiary UniCredit Leasing d.o.o. Balances in Statement of Financial Position EUR '000 Loans and receivables Investments in subsidiaries, associates and joint ventures 31/12/2018 31/12/2017 164,123 137,125 1 1 110 73 2,674 6,757 EUR '000 2018 2017 Interest income 1,189 1,808 Other assets Financial liabilities measured at amortised cost Income / expense Fee and commission income 51 41 Other operating net income / (loss) 383 342 Administrative costs (77) (42) Note 53: Events after the reporting period After the end of the reporting period, the Bank and the Group did not detect any major events that would affect their Financial Statements for 2018 or that would require disclosures in these Financial Statements. UniCredit Bank · Translation of 2018 Annual Report 309 Declaration Declaration on the Adequacy of Risk Management Arrangements In accordance with Article 435(e) of the Regulation (EU) No. 575/2013 of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms (CRR), the governance bodies of UniCredit Banka Slovenija d.d – the Management Board (comprised of: Chairman of the Management Board Stefan Vavti, Member of the Management Board Lea Branecka, Member of the Management Board Damijan Dolinar, Member of the Management Board Alessandro Pontoglio, Member of the Management Board Ivanka Prezhdarova) and the Supervisory Board, represented by the Chairman Marco Lotteri confirm, by signing this Declaration, that UniCredit Banka Slovenija d.d. has established and maintained adequate system of internal controls and risk management which is in line with the risk profile, volume of assumed risks and strategy. Ljubljana, 1 March 2019 Marco Lotteri Chairman of the Supervisory Board Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 310 Translation of 2018 Annual Report · UniCredit Bank Financial Statements of the Bank and the Group Risk Report Overall Risk Management The parent group identifies, measures, monitors and manages the risks of UniCredit Banka Slovenija d.d. and of the subsidiary UniCredit Leasing d.o.o. In performing this task, the Bank works closely with Risk Control and Risk Management units of the parent group UniCredit in line with the existing parent group standards. Regular risk monitoring and risk management are also performed in close cooperation with the parent group and with the intention of ensuring comprehensive risk management across the parent group. In line with the principles of the parent group UniCredit, the Group identifies, measures, monitors, and/or manages the following categories of risk: • Credit risk (default and migration risk), • Liquidity risk and funding risk, • Market risk (interest rate risk, credit spread risk, currency risk and equity risk), • Structural FX risk, • Derivatives-linked risk (counterparty risk, CVA risk), • Operational risk, • Reputational risk, • Business risk, • Strategic risk, • Financial investment risk, and • Real estate risk. The Group manages risks in a coordinated manner at different organizational levels. Furthermore, the risk management structure is part of wider risk management practice of the parent group UniCredit. In this way, it supports the uniformity of risk management and control procedures across the entire parent group. The Bank’s Management Board and Supervisory Board determine the risk policy and approve principles of risk management and the establishment of limits for all relevant risks. The Management Board is in charge of making various strategic decisions concerning but not limited to matters such as: the definition and monitoring of risk strategy, approval and implementation of credit risk related Group standards and the implementation plan defined for them, development of new models/refinement of existing models, regular and irregular validations and other changes in rating maps, policies and guidelines in connection with the internal rating systems, IRB material changes, and Basel 2 Pillar II. Central risk management activities of the Group are steered by the Risk Management division, which is independent from the Group’s business units and it is responsible directly to the Chief Risk Officer, who is a member of the Management Board. There are three types of high-level committees which are central to the risk function: the Credit Committee, the Assets and Liabilities Committee (ALCO) and the Operational Risk Committee. Credit committee The Credit Committee is the Bank’s credit approval body, authorized by the Management Board to make credit decisions, provisioning (creation and release) and write downs (direct write-offs and booking of provisions) in the framework of delegated competence. The approval authority is defined by the (potential) exposure amount of the client or group of clients and their rating. In line with the legislation and internal acts of the parent group UniCredit, the Supervisory Board confirms the decisions when large exposures occur. In credit committees, representatives of the Risk Management and Sales divisions are present as well as the CEO. The Credit Committee’s regular sessions are held at least weekly. Procedures and assessment criteria for individual credit exposures are determined in appropriate internal guidelines and instructions. Under certain conditions, the responsibilities of the Credit Committee can be delegated to a lower decision-making level with assigned individual competencies. The approval process is also set-up for the UniCredit Leasing d.o.o. in line with the Bank’s rules. Asset and Liability Committee (ALCO) The Asset and liability committee (hereinafter referred to as: ALCO) is the Group’s committee dealing with questions of comprehensive risk management. ALCO deals with the approval and reviewing of strategies and policies of assuming and managing risks, it regularly verifies the Bank’s exposure to different types of risks and approves the establishment of limits for all relevant risks and the risk control procedures. ALCO is responsible for the management of the Group’s balance-sheet structure, it monitors the exposure to market and liquidity risk and derivativelinked risks, it monitors the loan portfolio and deals with cross-divisional risk management issues and the overall Group management. The ALCO also deals with the management of the Group’s capital; it has an overview of the development of capital adequacy and ratios, of regulatory and economic capital, capital allocation and available financial resources. UniCredit Bank · Translation of 2018 Annual Report 311 Financial Statements of the Bank and the Group Risk Report Operational Risk Committee (OpRisk Committee) The Management Board is responsible for approving all aspects related to the Operational risk framework and verifying the adequacy of the measurement and control system and is regularly updated on changes to the risk profile and operational risk exposure, with support from the appropriate risk committees, if required. The OpRisk Committee is responsible for effective oversight of operational risk exposure. The Committee maintains an overall understanding and know-how of the operational risk control framework and of how the exposure to operational risk affects the company. The OpRisk Committee is also responsible for verifying that the operational risk measurement and control system is closely integrated in the day-to-day risk management process of the Group. Beside operational risk topics, also the reputational risk related topics are discussed within the OpRisk Committee. The OpRisk Committee meets at least four times per year. Risk Management The control and steering of the Group’s risks is performed by the Risk Management function, consisting of the following units: Credit Operations, Special Credit, Market and Operational risk unit, Portfolio Credit Risk Management, Internal Validation and Risk Integration, policies and processes. The Risk Management function is responsible for the following tasks: • Optimising the quality of the Group’s assets and minimising the cost of risk in accordance with the risk/profitability goals set for business areas; • Ensuring strategic steering and the definition of the Group’s risk management policies; • Strengthening a risk culture across the Group by risk training initiatives and developing highly qualified staff, in cooperation with the competent functions of the parent group UniCredit; • Helping to find ways to rectify asset imbalances, where needed in cooperation with the Finance division; • Supporting the business functions to achieve their goals, including by assisting in the development of products and business initiatives (e.g. innovation of credit products, competitive business opportunities); • Supporting the CEO in defining the Group Risk Appetite proposal in alignment with our parent group. Furthermore, the Group’s CRO is responsible for ensuring the CEO the coherence of the Group Risk Appetite with the Group strategic guidelines, as well as the coherence of the budget goals with the Group Risk Appetite setting and the periodical monitoring of the RAF. Risk-taking capacity (ICAAP/ ILAAP) and Risk appetite The Group assesses its capital adequacy on a going concern approach, ensuring that an adequate level of capital is maintained to continue business activities as usual even under severe loss events, like those caused by economic downturn. The Group’s approach to the ICAAP consists of the following phases: 1. Risk identification and mapping; 2. Risk measurement and stress testing; 3. Risk appetite setting and capital allocation; 4. Monitoring and reporting. 1. Risk identification and mapping The first step is the identification and mapping of all risks embedded in the Group and relevant legal entities, with particular focus on the risks not explicitly covered by the Pillar 1 framework. The output of this activity is the Group Risk Map which includes all the risk types quantifiable by the internal capital. 2. Risk measurement and stress testing The second phase is the identification of internal methodologies for the measurement and quantification of different risk profiles, resulting in the calculation of the Group internal capital. Firm-wide stress tests are also performed as a fundamental part of a sound risk management process. The aim of stress testing is to assess the Bank's viability with respect to exceptional but plausible events. The impact of adverse economic scenarios is assessed on the capital position (solvency stress test) and/or the liquidity position (liquidity stress test) of the Group. 3. Risk appetite setting and capital allocation Risk appetite is a key managerial tool used with the purpose of setting the adequate levels of risk the Bank is willing to have and consistently steering its business evolution (see the RAF section below for details). The Group’s capital plays a crucial role in the main corporate governance processes that drive strategic decisions, as target and risk tolerance thresholds, in terms of regulatory and internal capital, are key elements of the Risk Appetite Framework of the Group. 312 Translation of 2018 Annual Report · UniCredit Bank 4. Monitoring and reporting Capital adequacy evaluation is a dynamic process that requires regular monitoring to support the decision making process. The Bank monitors its main risk profile with a frequency coherent with the nature of each single risk; on top of this, a quarterly reporting of integrated risks and risk appetite evolution is performed and reported to the relevant risk committees and governing bodies, in order to set and implement an efficient and effective ICAAP framework. Capital adequacy is assessed considering the balance between the assumed risks and the available capital both in regulatory and in an economic perspective. With respect to economic perspective, capital adequacy is assessed by comparing the amount of financial resources available to absorb losses and keep the Group solvent, the so-called Available Financial Resources (AFR), with the amount of capital the Group needs to support its business activities, i.e. Internal Capital (IC). The decision to include components in AFR is based on three main criteria: • Loss absorbency; • Permanence; • Flexibility of payments. Since these criteria are the same as the ones identified by regulators to calculate regulatory own funds, the amount of regulatory own funds is the natural basis for the quantification of AFR. Under the going concern approach, the AFR are computed under the assumption that the Bank remains compliant with all the accounting and regulatory standards. The ratio between AFR and IC is the “Risk Taking Capacity” (RTC). RTC is one of the key indicators included in the Group RAF dashboard on which the Bank leverages to guide the selection of the desired risk-return profile in alignment with its business strategies. A milestone of the ICAAP is the risk appetite which is defined as the level of risk that the Group is willing to take and the risk return profile it fixes to achieve in pursuit of its strategic objectives and business plan, taking into account the interest of its stakeholders (e.g. customers, policymakers, regulators, shareholders) as well as capital and other regulatory and law requirements. The scope of the Group’s assumed risks is defined in the dialogue, with the parent group UniCredit and is approved by the Supervisory Board. The Group’s risk appetite is approved on an annual basis by all managerial bodies and is regularly monitored and reported to the relevant committees, with the aim to ensure that the Group develops within the desired risk return profile set by the Management Board. The main goals of the Group’s risk appetite are: • To assess explicitly the risks and their interconnections the Group is willing to accept or should avoid in one year horizon; risk appetite targets should be consistent with the ones defined in the strategic multi-year plan; • To specify the types of risk the Group intends to assume by setting the targets, triggers and limits, under both normal and stressed operating conditions; • To ensure an “ex ante” risk-return profile consistent with long term sustainability, in coherence with multi-year strategic plan/ budget; • To ensure that the business develops within the risk tolerance set by the Management Board, Supervisory board and aligned with the parent group, also in respect of national and international regulations; • To support the evaluation of future strategic options with reference to risk profile; • To address internal and external stakeholders’ view on risk profile coherent with strategic positioning; • To provide qualitative statements concerning not quantifiable risks (e.g. strategic, reputational risks) in order to strategically guide the relevant processes and internal control system. The Group’s risk appetite is defined in line with the Group’s business model and it is aligned with the parent group UniCredit. For this purpose, the Group’s risk appetite is integrated in the budget process, in order to guide the selection of the desired risk-return profile in alignment with the Strategic Plan guidelines and at inception of the budget process. The UniCredit Compensation Policy is consistent with the Group’s risk appetite to allow the effective implementation of risk reward remuneration for bonus definition and payments. The risk appetite statement defines the positioning of the bank in terms of strategic targets and related risk profiles to address internal and external stakeholders’ expectations and includes: • Guidance on the overall key boundaries for the Group in terms of focus of activity; • Definition of the desired risk-return profile, in coherence with the Group’s overall strategy; • Indication on strategies to manage key risks within the perimeter of the Group; • Qualitative statements for not quantifiable risks (e.g. strategic, reputational risk) in order to ensure prevention/early intervention on emerging risks. The structure of the risk appetite in UniCredit Banka Slovenija d.d. includes the Group’s risk appetite statement and the Group’s risk appetite KPIs dashboard. UniCredit Bank · Translation of 2018 Annual Report 313 Financial Statements of the Bank and the Group Risk Report The quantitative elements of the risk appetite framework instead are represented by a dashboard, composed of a set of KPIs, based on the analysis of the expectations of the Group’s internal and external stakeholders, which addresses the following dimensions, including material risks to which the Group is exposed: • Pillar 1 KPIs: to guarantee at any time the fulfilment of the KPIs requested by regulators (e.g.. Common Equity Tier 1 Ratio, Risk Taking Capacity, Liquidity Coverage Ratio), including KPIs which are of primary importance; • Managerial KPIs: to include KPIs which are key from the strategic and risk appetite standpoint; consistently with the lean Parent Company steering (e.g. credit risk, liquidity risk and profitability); • Specific risk KPIs: complementary with the above categories, to ensure steering of all key risks (e.g. market risk, operational risk, interest rate risk, shadow banking). For each of the above dimensions, one or more KPIs are identified in order to quantitatively measure the position of the Group in different ways: absolute values, ratios, sensitivities to defined parameters. Various levels of thresholds are defined such to act as early warning indicators anticipating potential risk situations that will be promptly escalated at relevant organisational level. In the event that specific risk appetite thresholds are met, the necessary management measures have to be adopted for effectively adjusting the risk profile. The following thresholds are identified (on certain KPIs, not all the thresholds may be meaningful): • Targets represent the amount of risk the Group is willing to take on in normal conditions in coherence with the Group’s ambition. They are the reference thresholds for the development and steering of the business; • Triggers represent, from a managerial standpoint, the maximum acceptable level of deviation from the defined target thresholds, or more generally a warning level, and are set consistently to assure that the Group can operate, even under stress conditions; • Limits are hard points that represent, from a statutory standpoint, the maximum acceptable level of risk for the Group. Thresholds setting is evaluated by the relevant competent functions, also through managerial decision by the Management Board, respecting regulatory and supervisory requirements and also taking into account the stakeholders’ expectations and positioning versus peers. In addition, the Group has a series of transversal operative limits and metrics that cover the main risk profiles in order to supplement the risk appetite framework. The key risk appetite dimensions are business strategy, capital and liquidity adequacy. The defined bundle of key indicators comprise Pillar 1 and Pillar 2 indicators, and recovery plan indicators. The risk appetite is integrated in the budgeting process in the context of managing the objectives in defining and selecting the desired risk-return profile. A system of targets, thresholds and limits has been defined for the key indicators to ensure regular monitoring, timely escalation and a link to the recovery plan. In addition to the risk appetite, the Management Board and Supervisory Board adopt a resolution, once a year, defining the UniCredit Group’s risk strategy which further operationalizes the risk appetite and complements it with additional limits and targets. Exposures to risks, scope of assumed risks and the ability to assume different risks as well as stress situations are presented to the Bank’s Management Board as well as to the aforementioned committees through different reports. The Group controls also the liquidity adequacy via relevant Pillar 2 approach: the Internal Liquidity Adequacy Assessment Process (ILAAP). As part of the ILAAP, and in coordination with the parent group, the Bank reviews the adequacy of the liquidity risk management process, which consists of various components – such as limiting the short-term and medium-term and long-term liquidity position, stress testing, funding plan and key regulatory indicators – and is primarily aimed at ensuring sufficient liquidity. In line with the methodology of the parent group UniCredit, the Group calculates internal capital (also referred to as “economic capital) for individual risk categories. Both ICAAP and ILAAP of the Group are subject to annual review by the Internal Audit. 314 Translation of 2018 Annual Report · UniCredit Bank CREDIT RISK – the risk of incurring losses as a result of the borrower’s non-fulfillment of terms and conditions as agreed under the loan agreement The Group manages credit risk in line with its internal rules. Credit risk management procedures are performed on a single transaction level, single client level and on a portfolio level through procedures, structures and rules, that steer, govern and standardize the assessment and management of credit risk, in line with the Group’s principles and best practice. The activities are aimed at analysing the main components of credit risk and their temporal evolution, in order to be able to detect promptly any symptoms of deterioration and, therefore, take appropriate corrective actions. Default risk: the risk that after 90 days the counterparty fails to meet contractual payment obligations to the Group or only small possibility of payment exists in accordance with the European Union Directive CRD IV and European Union Regulation CRR and valid internal rulebooks of the Group. The outcome is the classification of all the claims with particular client as defaulted. Default risk Securitization risk Country risk Credit risk Counterparty risk Settlement risk Concentration risk Country risk: the risk that the Bank may suffer a loss in any given country, due to any of the following reasons: deterioration of economic conditions, political and social upheaval, nationalization and expropriation of assets, government repudiation of indebtedness, exchange controls and disruptive currency depreciation or devaluation. Settlement risk: the risk that the settlement or clearance of transactions will fail. It arises whenever the exchange of cash, securities and/or other assets is not simultaneous. Concentration risk: the risk that arises from the overexposure toward single client, single industry or single geographic area. Counterparty risk: the risk that the counterparty to a transaction could default before the final settlement of the transaction's cash flows. The scope of application are derivative instruments, repurchase transactions, securities or commodities lending or borrowing transactions, long settlement transactions and margin lending transactions. The main objective of managing credit risk is to reach and obtain high quality and dispersion of credit portfolio. Various implemented rating models provide basis for efficient risk management and are embedded in all decision-making processes relating to risk management. They are also a key factor for capital required to be held against risk-weighted assets. Great attention is paid to consistency in the presentation for supervisory purposes and the requirements of internal control. Risk-adequate pricing and proactive risk management improve the portfolio’s diversification and risk/return ratio on ongoing basis. Specific credit governance rules define the allocation of responsibilities and mechanisms of interaction between the parent company and the Group with respect to credit risk management topics and ensure compliance of the overall Group credit risk management framework with the regulatory framework to which the parent company is subject to. The parent group UniCredit-wide rules and principles for guiding, governing and standardizing the credit risk assessment and management are defined at the Group level, in line with the regulatory requirements and the Group’s best practice. The general rules are supplemented by policies governing defined subjects (business areas, segment activities, type of counterpart / transaction, etc.). UniCredit Bank · Translation of 2018 Annual Report 315 Financial Statements of the Bank and the Group Risk Report The Group’s credit risk strategies are an effective instrument for governing credit risk, contributing to the setting of the Group’s ambitions within the budget process in coherence with the Group Risk Appetite, of which they are an integral part. Starting from the macroeconomic scenario, the outlook at industry level and the business strategy initiatives, Credit Risk Strategies define a set of guidelines and operative targets for the business segments. Measuring credit risk The foundation of credit approval process is a detailed risk assessment of every credit exposure associated with the counterparty. The Group’s risk assessment procedures consider both the probability of default of a specific counterparty and the risks related to the specific type of credit facility exposure. When measuring credit risk, the Group calculates probability of default which also forms basis for the calculation of credit rating of a specific counterparty. For the corporate portfolio part, the Bank assesses the probability of default (PD) based on the internal methodology (IRB approach), in accordance with the Directive CRD IV and the Regulation CRR. For the other part of the portfolio, the Bank uses local models for measuring credit risk. With the goal of effective and statistically supported credit risk measurement, the Group prepares and monitors internal models in accordance with previously mentioned Direction and Regulation and the parent group’s guidelines. Probability of default and consequently a client’s credit rating are determined based on financial data, qualitative factors and warning signals. The Group uses the scale provided by the parent group UniCredit with ten major credit rating classes and with an additional division to 26 subclasses with assigned probabilities of default. The parent group’s scale accordingly includes 26 credit rating sub-classes in a range from 1+ to 10, which are calibrated according to local specifics. The last two main classes represent non-performing assets (defaulted clients). The table shows the comparison between internal and external ratings Internal rating* S&P Moody's Fitch 1 AAA / AA+ / AA / AA- Aaa / Aa1 / Aa2 / Aa3 AAA / AA+ / AA / AA- 2 A+ / A / A- A1 / A2 / A3 A+ / A / A- 3 BBB+ / BBB Baa1 / Baa2 BBB+ / BBB 4 BBB- / BB+ Baa3 / Ba1 BBB- / BB+ 5 BB Ba2 BB 6 BB- / B+ Ba3 / B1 BB- / B+ 7 B B2 B 8 (8+, 8) B- / CCC / CC B3 / Caa / Ca B- / CCC / CC 9 (8-, 9) C C C 10 D C D * For this comparison, the internal ratings were grouped into eight comparable groups; the ninth and tenth group represent defaulted clients and are not included in the table. 316 Translation of 2018 Annual Report · UniCredit Bank The table shows gross exposure of on-balance sheet items to credit risk Bank EUR ’000 Cash, checking accounts at central and commercial banks Cash Checking accounts at central and commercial banks Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 238,429 412,560 238,429 412,560 15,592 10,943 15,592 10,943 222,837 401,617 222,837 401,617 Financial assets held for trading 8,620 6,932 8,620 6,932 Financial assets measured at fair value through profit and loss 4,125 - 4,125 - Loans and receivables 2,694 - 2,694 - Capital instruments 1,431 - 1,431 - 408,433 - 408,433 - Financial assets measured at fair value through other comprehensive income Equity investments Debt securities 22,945 - 22,945 - 385,488 - 385,488 397,142 Available-for-sale financial assets - 397,142 - Equity investments - 24,037 - 24,037 Debt securities - 373,105 - 373,105 2,023,447 - 2,082,594 - - - - - 37,646 - 37,646 - 1,983,068 - 2,041,960 - 2,733 - 2,988 - - 1,920,979 - 1,984,128 - 40,994 - 40,994 To customers - 1,875,731 - 1,936,147 Other financial assets - 4,254 - 6,987 Loans and receivables measured at amortised cost Debt securities To banks To customers Other financial assets Loans and receivables (IAS 39) To banks Held-to-maturity financial assets (IAS 39) Derivatives - hedge accounting Other assets Total - 7,202 - 7,202 10,704 11,334 10,704 11,334 1,396 1,254 3,967 2,096 2,695,154 2,757,403 2,756,872 2,821,394 Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. The Bank’s on-balance sheet credit portfolio decreased by 62.2 million euros or by 2.3 % as compared to the previous year. The Group’s onbalance sheet credit portfolio decreased by 64.5 million euros or by 2.3 % as compared to the previous year. As of 31 December 2018, the total on-balance sheet credit exposure amounted to 2,756.9 million euros. Exposure of off-balance sheet items to credit risk Bank EUR ’000 Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 Guarantees 429,317 217,069 429,317 217,069 Committed credit and overdraft lies 471,307 619,356 471,307 619,356 4,360 20,264 4,360 20,264 Notional amount of derivatives Creditors on spot business 2,278,716 1,957,406 2,278,716 1,957,406 Total 3,183,700 2,814,095 3,183,700 2,814,095 The Bank’s and Group’s off-balance sheet credit portfolio increased by 48.3 million euros or by 1.7 % as compared to the previous year. As of 31 December 2018, the total off-balance sheet credit exposure amounted to 2,862.4 million euros . UniCredit Bank · Translation of 2018 Annual Report 317 Financial Statements of the Bank and the Group Risk Report Portfolio analysis As of the end of December 2018, the Group’s on-balance sheet outstanding portfolio of non-banking sector claims increased by 108.7 million euros or by 5.6 % as compared to the end of year 2017. In the non-banking sector, major growth of volumes occurred due to additional crediting in the machinery and metals sector, which grew by 60.8 million euros or by 75.5 %. The Group faced the largest drop in the food and beverages sector, which decreased by 20.0 million euros or by 19.4 % as compared to the end of year 2017. The total Group’s on-balance sheet outstanding credit portfolio including banking and non-banking claims decreased by 72.9 million euros or by 3.1 % as compared to the end of the previous year. Group’s portfolio segmentation as of 31 December 2018 Financial Institutions & Insurance 1% Agriculture, Forestry 1% Automotive 3% Private Customers 2% Corporates 35 % Holding 48 % Food and Beverages Electronics Textiles 1% 3% Banks 11 % Construction, Wood 6% Chemicals, Pharma, Consumer goods Healthcare 5% 7% 4% Telecom and IT State and other public entities Transport, Travel 6% 22 % Tourism 6% 2% Real Estate 2% Services 11 % Machinery, Metals Energy (Waste Mgmt.) 11 % 318 Translation of 2018 Annual Report · UniCredit Bank Media, Paper 1% 13 % Group’s portfolio segmentation as of 31 December 2017 Financial Institutions & Insurance 1% Automotive 3% Private Customers 32 % Corporates 43 % Agriculture, Forestry 10 % Electronics 1% Chemicals, Pharma, Healthcare Food and Beverages 1% Textiles Holding 1% 4% Construction, Wood 4% Consumer goods 6% 5% Telecom and IT 5% Banks 19 % State and other public entities Tourism Transport, Travel 2% 23 % Real Estate 6% 2% Services 13 % Machinery, Metals Energy (Waste Mgmt.) 11 % 8% Media, Paper 1% Bank’s portfolio segmentation as of 31 December 2018 Agriculture, Forestry 1% Private Customers 35 % Financial Institutions & Insurance Corporates 47 % 12 % 6% Construction, Wood 4% Automotive Transport, Travel 2% 2% State and other public entities 6% 16 % Electronics Banks Food and Beverages 14 % Holding Chemicals, Pharma, Healthcare 3% 4% Consumer goods Machinery, Metals 4% Telecom and IT 6% 12% Media, Paper Tourism 1% Real Estate 1% Services 11 % 1% Energy (Waste Mgmt.) 11 % UniCredit Bank · Translation of 2018 Annual Report 319 Financial Statements of the Bank and the Group Risk Report Bank’s portfolio segmentation as of 31 December 2017 Agriculture, Forestry 1% Financial Institutions & Insurance 15 % Private Customers 32 % Corporates 43 % Food and Beverages Textiles 1% 8% Construction, Wood 4% Electronics 1% Holding 4% Transport, Travel 15 % Automotive 3% Banks 19 % State and other public entities 6% Chemicals, Pharma, Healthcare 4% Machinery, Metals 7% Consumer goods 4% Telecom and IT 5% Media, Paper 1% Tourism 1% Real Estate 2% Services 13 % Energy (Waste Mgmt.) 11 % Geographical split of the Group’s portfolio Exposure (EUR ’000) Credit risk profile by region Slovenia Croatia 31/12/ 2018 31/12/ 2017 Growth in % 2,122,774 2,207,637 (4) 76,916 79,055 (3) Italy 27,783 44,490 (38) Austria 27,796 5,839 376 Germany 21,425 23,162 (7) Luxemburg 6,305 4,307 46 Serbia 5,572 2,812 98 Hungary 5,346 4,723 13 Switzerland 4,440 4,601 (3) United States of America 2,443 1,615 51 The Netherlands 1,452 1,810 (20) Other 5,874 6,917 (15) Total 2,308,125 2,386,969 (3) Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following onbalance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and receivables measured at fair value through profit and loss and Loans and advances measured at amortised cost. 320 Translation of 2018 Annual Report · UniCredit Bank Geographical split of the Bank’s portfolio Exposure (EUR ’000) Credit risk profile by region 31/12/ 2018 31/12/ 2017 Growth in % 2,063,731 2,143,601 (4) Croatia 76,914 79,007 (3) Italy 27,783 44,490 (38) 387 Slovenia Austria 27,758 5,700 Germany 21,425 23,162 (7) Luxemburg 6,305 4,307 46 Serbia 5,507 2,812 96 Hungary 5,346 4,723 13 Switzerland 4,440 4,601 (3) United States of America 2,443 1,615 51 The Netherlands 1,452 1,810 (20) Other 5,874 6,794 (14) Total 2,248,978 2,322,623 (3) Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following onbalance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and receivables measured at fair value through profit and loss and Loans and advances measured at amortised cost. The above reported more significant changes in the geographical split of the portfolio, both at the Group and the Bank level, are mostly linked to business relationships with other financial institutions including intra-group transactions within the parent group UniCredit. Credit Risk Mitigation Techniques The Group uses various credit risk mitigation techniques to reduce potential credit losses in case of the obligor’s default. In line with the European Union Directive CRD IV and the European Union Regulation CRR which enact Basel III as part of the EU banking legislation, the Bank is firmly committed to meeting the requirements for the recognition of Credit Risk Mitigation techniques for regulatory capital purposes, both for internal use in operations and for the purposes of calculating the credit risk capital requirement. With specific reference to Credit Risk Mitigation, general guidelines are in force, issued at the parent group level by UniCredit S.p.A., to lay down the Group-wide rules and principles that guide, govern and standardize the credit risk mitigation management. Following the Credit Risk Mitigation Guidelines of the parent group UniCredit, the Group has adopted internal regulations, specifying processes, strategies and procedures for collateral management. In particular, such internal regulations detail collateral eligibility, valuation and monitoring rules and ensure the soundness, legal enforceability and timely liquidation of valuable collateral in compliance with the Slovenian legal system. According to credit policy, collaterals or guarantees can be accepted only to support loans and they cannot serve as a substitute for the borrower’s ability to meet obligations. For this reason, in addition to overall analysis of the credit worthiness and of the repayment capacity of the borrower, they are subject to specific evaluation and analysis of the support role for the repayment of the exposure. In line with the legislation, the Group implemented valuation, monitoring and reporting of the collateral in line with regulatory time frame and internal guidelines. The management system of credit risk mitigation techniques is embedded in the credit approval process and in the credit risk monitoring process. In case of collaterals, the process of valuation is based on precautionary principles, with reference to the use of “fair market values” and to the application of adequate haircuts to ensure that, in case of liquidation, there are no unexpected losses. Controls and related responsibilities are duly formalized and documented in internal rules and job descriptions. Furthermore, processes are implemented to control that all relevant information regarding the identification and evaluation of the credit protection are correctly registered in the system. UniCredit Bank · Translation of 2018 Annual Report 321 Financial Statements of the Bank and the Group Risk Report Collaterals accepted in support of credit lines granted by the Group primarily include: Funded protection • Pledge of real estate (residential and commercial) • Pledge of movables • Financial collateral • Financial asset pledged as collateral • Pledge of life insurance Unfunded protection • Personal warranty, surety • Bank guarantee • State warranty • Insurance When accepting credit risk mitigation technique, the Group emphasizes the importance of processes and controls of the legal certainty requirements of protection, as well as the assessment of the suitability of the collateral or guarantee. According to collateral guidelines, collaterals are exposed to a regular reviewing process, either on individual or portfolio basis. Such approach gives the Group a better view of the current status and actual value of collateral. Assigned ratings in 2018 show improvements in the market situation compared to 2017. The trend of increasing exposure in the first buckets has been continuing, where we can observe an increase of exposure as well as assigned collateral. The Groups’ exposure towards non-banks according to credit rating and allocated market value collateral EUR '000 Exposure Impairments Collateral Exposure 31/12/2018 1 224,827 2 3 Impairments Collateral 1/1/2018 94 198,109 274,871 92 288,811 267,897 97 234,936 222,806 195 173,074 340,751 250 377,878 293,164 270 347,643 4 602,402 1,393 776,855 506,716 983 745,091 5 280,563 3,040 266,356 270,428 1,664 257,661 6 141,532 2,483 142,829 145,778 2,271 128,983 7 34,288 964 45,965 42,080 1,345 44,018 8 31,188 1,251 51,909 34,795 1,328 61,843 106,538 65,493 54,195 136,127 74,841 94,207 16,753 151 19,961 16,156 295 1,071 2,046,739 75,216 2,168,993 1,942,919 83,283 2,142,402 Doubtful and default Not rated Total Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following onbalance sheet items within the Statement of Financial Position: Loans and receivables measured at fair value through profit and loss, Loans and advances to customers measured at amortised cost and Other financial assets assigned to customers. 322 Translation of 2018 Annual Report · UniCredit Bank The Banks’s exposure towards non-banks according to credit rating and allocated market value collateral EUR '000 Exposure Impairments Collateral Exposure Impairments 31/12/2018 Collateral 1/1/2018 1 224,827 94 198,109 274,871 92 288,811 2 266,746 96 232,812 221,408 193 170,505 3 338,652 233 376,316 292,636 268 347,043 4 539,265 1,136 720,854 452,992 885 697,400 5 373,465 2,734 210,111 348,575 1,957 211,139 6 95,093 1,850 106,253 100,169 1,994 94,771 7 25,593 793 39,955 31,612 1,243 36,049 8 30,608 1,233 51,444 33,666 1,304 61,040 Doubtful and default 78,736 50,511 35,860 106,577 57,688 70,227 Not rated Total 14,540 126 18,734 16,068 287 996 1,987,524 58,806 1,990,448 1,878,573 65,912 1,977,981 Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following onbalance sheet items within the Statement of Financial Position: Loans and receivables measured at fair value through profit and loss, Loans and advances to Customers measured at amortised cost and Other financial assets assigned to Customers. The Group’s exposure towards banks according to credit rating and allocated market value collateral EUR '000 Exposure Impairments Collateral Exposure Impairments 31/12/2018 Collateral 1/1/2018 1 174,153 - - 366,236 - - 2 21,254 2 - 152 - - 3 58,426 3 - 73,299 4 - 4 5,248 1 - 2,206 1 - 5 106 - - 161 - - 6 90 - - - - - 7 - - - - - - 8 - - - - - - Doubtful and default Not rated Total - - - 43 43 - 2,108 10 - 1,952 2 - 261,386 16 - 444,050 50 - Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following onbalance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and advances to Banks measured at amortised cost and Other financial assets assigned to Banks. UniCredit Bank · Translation of 2018 Annual Report 323 Financial Statements of the Bank and the Group Risk Report The Bank’s exposure towards banks clients according to credit rating and allocated market value collateral EUR '000 Exposure Impairments Collateral Exposure Impairments 31/12/2018 Collateral 1/1/2018 1 174,153 - - 366,236 - - 2 21,254 2 - 152 - - 3 58,492 3 - 73,299 4 - 4 5,248 1 - 2,206 1 - 5 106 - - 161 - - 6 90 - - - - - 7 - - - - - - 8 - - - - - - Doubtful and default - - - 43 43 - 2,108 10 - 1,952 2 - 261,452 16 - 444,050 50 - Not rated Total Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following onbalance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and advances to Banks measured at amortised cost and Other financial assets assigned to Banks. Market value of the Group's collateral by type of collateral EUR '000 Collateral Types Mortgage 31/12/2018 1/1/2018 1,816,465 1,720,852 Movable property 103,113 89,448 Irrevocable commitments of RS 213,789 256,739 Bank deposits 7,412 7,093 Other collateral 28,214 68,315 2,168,993 2,142,445 Total Please note that the above collateral does not include guarantees of private individuals and legal entities. Market value of the Bank’s collateral by type of collateral EUR '000 Collateral Types Mortgage Movable property Irrevocable commitments of RS 31/12/2018 1/1/2018 1,766,159 1,663,793 - - 213,789 256,739 Bank deposits 7,412 7,093 Other collateral 3,088 50,357 1,990,448 1,977,981 Total Please note that the above collateral does not include guarantees of private individuals and legal entities. Compared to the year 2017, the value of collateral changed during 2018 due to the following reasons: • Individual evaluation of real estate collateral to new values (market or liquidation values); • Repayment of loans collateralized by real estate; • Reduction of other collaterals; • New business. 324 Translation of 2018 Annual Report · UniCredit Bank The Group’s collateral distribution among financial instruments EUR '000 Exposure Collateral Exposure 31/12/2018 Checking accounts at central and commercial banks 222,837 - 401,705 - 2,691 - 2,974 - Loans and advances FVTPL Loans and advances to banks at amortised cost Loans and advances to customers at amortised cost Debt securities FVTOCI 38,549 - 41,397 - 2,043,048 2,168,993 1,936,465 2,142,402 385,488 - 373,106 - - - 7,202 - 2,693,613 2,168,993 2,762,849 2,142,402 Debt securities at amortised cost Total Collateral 1/1/2018 Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Other financial assets within the Statement of Financial Position are classified as Loans and Advances to Banks or Customers. The Bank’s collateral distribution among financial instruments EUR '000 Exposure Product Collateral Exposure 31/12/2018 Checking accounts at central and commercial banks Loans and advances FVTPL Loans and advances to banks at amortised cost Loans and advances to customers at amortised cost Debt securities FVTOCI 1/1/2018 222,837 - 401,705 - 2,691 - 2,974 - 38,615 - 41,397 - 1,984,834 1,990,448 1,872,119 1,977,981 385,488 - 373,106 - - - 7,202 - 2,634,465 1,990,448 2,698,502 1,977,981 Debt securities at amortised cost Total Collateral Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Other financial assets within the Statement of Financial Position are classified as Loans and Advances to Banks or Customers. The Group’s non-performing exposure toward loans and advances to customers at amortised cost according to product EUR '000 Exposure Product Impairments Collateral Exposure 31/12/2018 Impairments Collateral 1/1/2018 Consumer lending 9,666 6,657 5,217 10,672 7,568 6,191 Corporate lending 49,400 34,522 13,632 71,642 41,489 46,768 Mortgage lending 12,138 4,667 14,639 12,565 4,397 16,009 Leasing 27,798 14,979 18,335 29,543 17,148 23,981 Other 4,848 4,671 2,371 4,324 4,246 1,316 Total 103,850 65,495 54,195 128,746 74,849 94,264 Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following on-balance sheet items within the Statement of Financial Position: Loans and advances to Customers measured at amortised cost and Other financial assets assigned to Customers. UniCredit Bank · Translation of 2018 Annual Report 325 Financial Statements of the Bank and the Group Risk Report The Bank's non-performing exposure toward loans and advances to customers at amortised cost according to product EUR '000 Exposure Impairments Product Collateral Exposure Impairments 31/12/2018 Collateral 1/1/2018 Consumer lending 9,666 6,657 5,217 10,672 7,568 6,191 Corporate lending 49,400 34,522 13,632 71,642 41,489 46,768 Mortgage lending 12,138 4,667 14,639 12,565 4,397 16,009 - - - - - - Leasing Other 4,844 4,667 2,371 4,317 4,241 1,316 Total 76,048 50,512 35,860 99,196 57,696 70,284 Please note that the above credit exposure is expressed in terms of gross values not including impaired amounts. Presented are following on-balance sheet items within the Statement of Financial Position: Loans and advances to Customers measured at amortised cost and Other financial assets assigned to Customers. Impairment and provisioning policies The Credit Risk Management, Measurement and Control processes are a foundation for the calculation of impairment of Loans and debt securities classified as financial assets at amortised cost, financial assets at fair value through comprehensive income and relevant off-balance sheet exposures as required by IFRS9. For this purpose, the calculation of impairment in accordance with the expected credit losses is based on two main pillars: 1. The stage allocation of credit exposure; 2. The associated calculation of expected credit loss Within the Group, the Stage allocation is based on a combination of relative and absolute elements. The main elements are: • Comparison, for each transaction, between PD as measured at the time of origination and PD as at the reporting date, both calculated according to internal models, through thresholds set in such a way as to consider all key variables of each transaction that can affect the bank's expectation of PD changes over time (e.g. age, maturity, PD level at the time of origination); • Absolute elements such as the backstops required by law (e.g. 30 days past-due); • Additional internal evidence, including renegotiations of financial instruments due to financial difficulties met by the counterpart (e.g. Forborne classification). With regard to debt securities, the Group is opting for application of the low credit risk exemption on investment grade securities, in full compliance with the accounting standard. The outcome of the stage allocation is the classification of credit exposure in stage 1, stage 2 or stage 3 according to their absolute or relative credit quality with respect to the initial disbursement. Specifically: • Stage 1: it includes (i) newly issued or acquired credit exposures, (ii) exposures for which credit risk has not significantly deteriorated since initial recognition, (iii) exposures having low credit risk (low credit risk exemption); • Stage 2: it includes credit exposures that, although performing, have seen their credit risk significantly deteriorating since initial recognition; • Stage 3: it includes impaired credit exposures. The outcome of the Stage allocation drives the calculation of impairment. In fact, for exposures in Stage 1, the impairment is equal to the expected loss calculated over a time horizon of up to one year. For exposures in Stages 2 or 3, the impairment is equal to the expected loss calculated over a time horizon corresponding to the entire life of the exposure. The Stage Allocation model is used at each reporting date in order to timely capture both significant deterioration and its reverse in a symmetric way to correctly allocate each transaction within the proper stage and related expected loss calculation model. With reference to the calculation of expected credit loss, note that this amount is based on PD, LGD and EAD parameters adjusted, starting from the parameters used for regulatory and managerial purposes, in order to ensure consistency with accounting regulation. The main adjustments performed to the parameters used for regulatory and managerial purposes include those adjustments needed to get to the calculation of a point-in-time and forward-looking expected credit loss as well as those needed to include multiple scenarios. The expected credit loss (either one year or lifetime depending on the stage) considers “forward looking” information and macroeconomic forecasts under the baseline scenario through a direct adjustment of the credit risk parameters while the multiple scenarios effect is captured 326 Translation of 2018 Annual Report · UniCredit Bank through the application of an overlay factor directly applied to the expected credit loss. The process defined to include macroeconomic scenarios is fully consistent with macroeconomic forecast processes used by the Group for additional risk management objectives (as for example processes adopted to calculate expected credit losses from macroeconomic forecasts based on EBA stress test and ICAAP Framework) and also takes advantage of independent UniCredit Research function. The starting point is therefore fully aligned while the application is differentiated in order to comply with different requirements using internal scenarios. With reference to Stage 3, it should be noted that it includes impaired exposures corresponding to the aggregate Non-Performing Exposures as ITS EBA (EBA/ITS /2013/03/rev1 24/7/2014), in accordance with Banca d’Italia rules, defined in the Circular No 272 of 30 July 2008 and subsequent updates. In particular, EBA has defined “Non-Performing” exposures as the ones that meet one or both of the following criteria: • Material exposures more than 90 days past due; • Exposures for which the bank assesses it unlikely that the debtor would pay in full their credit obligations without recurring to enforcement and realisation of collaterals, regardless of past due exposures and the number of days the exposure is past due. For exposures in Stage 3, the Group uses two approaches and methodologies for impairment losses – individual and portfolio approach. Impairment allowances on financial assets representing individually significant past due exposures to legal entities are evaluated individually, based on best estimate of the present value of expected cash flows, while for private individuals’ segment impairments are assessed on a portfolio basis, based on the expected loss calculation. In estimating these cash flows, the Group assesses counterparty’s financial situation, past repayment discipline and repayment schedules. Monthly assessment represents a basis for the booking of impairments; the procedure is covered by the guidelines and is supported by IT solutions. The Group assesses specific impairments using individual approach (on a client or transaction level) by taking into consideration the following: • When estimating these cash flows, the Group evaluates counterparty’s financial situation, past repayment discipline and repayment pattern; • Eventual cancellation of loan contracts or conditions; • Bankruptcy or any other legal proceedings that can result in a loss for the Group; • Information that might have an impact on received repayments to the Group. The Group regularly monitors the portfolio development and the impairments coverage ratio, which is regularly reported to the senior management and to the Management Board. The Group also performs monitoring on a single client level, for those clients whose payments are overdue. To identify which department is dealing with a specific client, the Group has adopted three statuses based on riskiness and related activities, namely: • The “Watch Loan” status means that the client is still performing but may be endangered according to different warning signals criteria. In such cases, specific action plans are required by the Credit Underwriting unit and set up and executed by the business units. • The "Restructuring" status: In such a case, the Bank attempts to restructure the exposure towards the client with the aim to bring the client back to a normal performing status, whereby any potential losses are to be minimized. This activity is led by the Restructuring and Workout unit and is assisted by the business units. • The “Work-out” status: This status means that the contract with the client has been cancelled and the Restructuring and Workout unit is responsible for the recovery via legal execution possibilities. UniCredit Bank · Translation of 2018 Annual Report 327 Financial Statements of the Bank and the Group Risk Report The Group’s gross carrying amount by internal credit risk rating grades and stages EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 684,242 42,692 - 726,934 1,003,537 2 296,681 37,789 - 334,470 240,835 3 364,862 46,532 - 411,394 366,463 4 464,478 143,172 - 607,650 508,922 5 210,210 70,457 1 280,669 270,589 6 108,710 32,912 - 141,622 145,778 7 17,099 17,188 - 34,287 42,080 8 1,826 29,361 - 31,188 34,795 - - 106,540 106,540 136,180 14,298 4,561 - 18,860 18,098 2,162,407 424,666 106,541 2,693,613 2,767,277 4,674 5,132 65,495 75,302 87,015 2,157,732 419,533 41,046 2,618,311 2,680,262 Doubtful and default Not rated Total gross carrying Loss allowance Carrying amount Please note that the above credit exposure is expressed in terms of gross values. Presented are following on-balance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and receivables measured at fair value through profit and loss, Loans and advances measured at amortised cost and Debt securities measured at fair value through other comprehensive income. The Bank’s gross carrying amount by internal credit risk rating grades and stages EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 684,242 42,692 - 726,934 1,003,537 2 295,541 37,777 - 333,318 239,437 3 362,819 46,541 - 409,360 365,936 4 403,955 140,558 - 544,513 455,197 5 310,083 63,488 1 373,572 348,736 6 68,601 26,582 - 95,183 100,169 7 9,116 16,478 - 25,593 31,612 8 1,826 28,781 - 30,608 33,666 Doubtful and default Not rated Total gross carrying Loss allowance Carrying amount - - 78,738 78,738 106,630 12,110 4,537 - 16,646 18,011 2,148,293 407,433 78,739 2,634,465 2,702,931 3,909 4,471 50,512 58,892 68,230 2,144,384 402,962 28,227 2,575,573 2,634,701 Please note that the above credit exposure is expressed in terms of gross values. Presented are following on-balance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and receivables measured at fair value through profit and loss, Loans and advances measured at amortised cost and Debt securities measured at fair value through other comprehensive income. Credit assets are classified and reported as non-performing if one or more of the default criteria under the Basel II are met: full repayment unlikely, interest or principal payments on a material exposure more than 90 days past due, restructuring resulting in a loss to the lender, realization of a loan loss, or opening of bankruptcy proceedings. These advances are classified and reported under non-performing assets. Loan loss provisions in the Bank covered 64.2 % (5.4 percentage points more than at the end of 2017) of reported non-performing (NPL) 328 Translation of 2018 Annual Report · UniCredit Bank assets, which is classified as 90 days past due or fulfil any other criteria for defaulted credit exposure. As of 31 December 2018, the value of NPLs decreased by 27.9 million euros or by 26.2 % to 78.7 million euros. Loan loss provisions for non-performing loans have decreased by 12.1 million euros or by 5.4 % to 50.5 million euros. Out of all non-performing loans 29.8 % are assessed as portfolio-based loan loss provisions. Loan loss provisions in the Group covered 61.5 % of reported non-performing (NPL) assets, which is classified as 90 days past due or fulfil any other criteria for defaulted credit exposure. As of 31 December 2018, NPLs decreased by 29.6 million euros or by 21.8 % to 106.5 million euros. Loan loss provisions for non-performing loans have decreased by 14.7 million euros or by 2.6 % to 65.5 million euros. Out of all nonperforming loans 25.1 % are assessed as portfolio-based loan loss provisions. Portfolio quality The Group’s performing exposure based on days past due classification EUR '000 31/12/2018 1/1/2018 Days overdue Exposure Loss allowance Exposure Loss allowance Performing loans 2,559,641 8,413 2,513,856 7,879 24,059 872 108,348 362 2,942 481 993 85 Overdue receivables up to 29 days Overdue receivables from 30 to 59 days Overdue receivables from 60 to 89 days Total 432 41 672 177 2,587,073 9,807 2,623,869 8,504 Please note that the above credit exposure is expressed in terms of gross values. Presented are following on-balance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and receivables measured at fair value through profit and loss, Loans and advances measured at amortised cost and Debt securities measured at fair value through other comprehensive income. The Bank’s performing exposure based on days past due classification EUR '000 31/12/2018 1/1/2018 Days overdue Exposure Loss allowance Exposure Loss allowance Performing loans 2,549,845 8,162 2,492,165 8,011 5,330 178 96,182 94 469 34 250 33 Overdue receivables up to 29 days Overdue receivables from 30 to 59 days Overdue receivables from 60 to 89 days Total 83 5 475 148 2,555,727 8,380 2,589,073 8,286 Please note that the above credit exposure is expressed in terms of gross values. Presented are following on-balance sheet items within the Statement of Financial Position: Checking accounts at central and commercial banks (excluding Cash), Loans and receivables measured at fair value through profit and loss, Loans and advances measured at amortised cost and Debt securities measured at fair value through other comprehensive income. Financial assets which were due for payment on the maturity date but were not impaired, do not represent a material value for the Group. For internal purposes the impaired loans are divided into the following categories: • Non-performing (Bank of Italy class Bad) – formally impaired loans, being exposed to insolvent borrowers, even if the insolvency has not been recognized in a court of law, or borrowers in a similar situation. The measurement is performed on a loan-by-loan or portfolio basis. • Doubtful (Bank of Italy class Unlikely to pay other than Bad (UTP)) – exposure to borrowers experiencing temporary difficulties, which the Group believes may be overcome within a reasonable period. Doubtful loans are valued on a loan-by-loan basis or portfolio basis. • Past-due (Bank of Italy Past Due) – total exposure to any borrower not included in other categories, which at the balance-sheet date has expired facilities or unauthorized overdrafts that are more than 90 days and less than 180 days past due. UniCredit Bank · Translation of 2018 Annual Report 329 Financial Statements of the Bank and the Group Risk Report Imparied loans based on the Bank of Italy classification EUR ’000 Bank of Italy Class Past-due Bank 31/12/2018 Group 1/1/2018 31/12/2018 1/1/2018 2,605 713 3,843 1,462 Unlikely to pay 41,463 60,578 61,342 82,360 Bad 34,670 45,350 41,355 52,369 Total 78,738 106,642 106,540 136,191 Please note that the above credit exposure is expressed in terms of gross values. Other financial assets within the Statement of Financial Position are classified as Loans and Advances to Banks or Customers. Macroeconomic drivers of loss IFRS 9 requires that ECL is measured in a way that reflects an unbiased and probability-weighted amount, which is determined by evaluating a range of possible outcomes. The ECL should include information about past events, current conditions and forecasts of future economic conditions. The selection of macroeconomic parameters required and their use in models is determined as part of the Model Development and Governance function for IFRS 9 models. The following macroeconomic variables are used in the IFRS 9 models and consequently incorporated in the determination of ECL: • Real GDP (yoy percentage change); • Consumer price index (yoy, eop and yoy, average); • Nominal wage (monthly, nominal EUR); • Unemployment rate (%); • Interest rates (10y, %); • House price index (yoy percentage change). Three scenarios are used to reflect a representative sample of possible outcomes (i.e baseline, downside and upside scenarios). 330 Translation of 2018 Annual Report · UniCredit Bank Macroeconomic drivers of loss according to macroeconomic scenarios 2019 2020 2021 Real GDP, yoy % change Baseline 3.0 2.0 2.3 Negative scenario 0.4 (0.4) 1.1 Positive scenario 3.4 2.4 2.5 Baseline 1.9 1.8 1.8 Negative scenario 1.4 0.9 1.4 Positive scenario 1.6 1.7 1.8 Baseline 2.1 1.8 1.8 Negative scenario 1.8 1.1 1.1 Positive scenario 1.9 1.5 1.7 Baseline 1,727.1 1,777.2 1,856.5 Negative scenario 1,673.7 1,682.0 1,741.7 Positive scenario 1,837.8 1,905.8 1,984.9 Baseline 5.3 5.1 5.3 Negative scenario 6.4 6.9 7.1 Positive scenario 5.0 4.6 5.1 Baseline 1.8 2.0 2.2 Negative scenario 2.6 2.5 2.4 Positive scenario 1.5 1.5 1.2 Inflation (CPI) yoy, eop Inflation (CPI) yoy, average Monthly wage, nominal EUR Unemployment rate, % Long-term interest rates 10y (%) House price index, yoy % change Baseline 4.0 1.0 0.0 Negative scenario (0.1) (3.3) (2.3) Positive scenario 5.9 2.8 0.9 Multiple scenarios As already explained, three scenarios are used to reflect a representative sample of possible outcomes (i.e. baseline, downside and upside scenarios). Three separate ECL calculations are run individually, conditional on each scenario. These scenario-level ECLs are then multiplied by the scenario probability weights to produce a scenario-weighted ECL. The weights for scenarios are derived based on the expert judgement informed by a quantitative analysis. The quantitative analysis incorporates two approaches: a statistical analysis informed by historic patterns in the economic data (Monte Carlo approach) and a more forward-looking measure. Credit parameters are normally calibrated over a horizon that considers the entire economic cycle (Through-the-cycle-TTC), it is thus necessary a “Point-in-time-PIT” and forward looking one that allows to reflect in those credit parameters the current situation and the expectations about future evolution of the economic cycle. In this regard, (i) PD parameter is calculated through normal calibration technique, logistic or Bayesian, using as anchorage point an arithmetic average among the latest default rates observed on the portfolio and the insolvency rates foreseen by the stress test function; (ii) The LGD is made Point-in-time-PIT through a scalar factor that allows to take into account the ratio between average recoveries throughout the period and recoveries achieved in previous years. The inclusion of forecast within the LGD parameter is performed by adjusting the yearly recovery rate implicit in this parameter to take into account the expectations of variations of recovery rates provided by the Stress Test function. UniCredit Bank · Translation of 2018 Annual Report 331 Financial Statements of the Bank and the Group Risk Report During the reporting period, the Group Stress Test Team has reassessed predicted values of macroeconomic information under different scenarios. The new FLI has been accordingly updated, used in calculation of the ECL on all scenarios to define the overlay factor for the combined result as having impacts on the risk parameters and consequently on ECL in increase by 15.8 % for Stage 1 and 2 as displayed in the following Table: Type of stress-test scenario and PD, LGD, ECL changes Type of Scenario PD change [%] LGD change [%] ECL change [%] Positive scenario 6.6 3.2 10.9 Baseline 7.1 5.0 14.5 10.1 9.9 27.6 7.1 5.0 15.8 Negative scenario Total Since the IFRS 9 impairment model is forward-looking, the Bank is required to consider future economic scenarios to calculate ECL. The inclusion of forward-looking information (FLI) has been prolonged from two to next three years, so we can use more information to recognise loss allowances. Additionally, in the reporting period, FLI has been reassessed as a regular half-year activity, in order to recognise current economic conditions. The credit risk on a financial instrument increased as a consequence of changes in global economic and business conditions (e.g. expected lower GDP growth in advanced economies, inflationary pressures due to higher labour costs, depreciation of exchange rates in emerging economies). Those changes may, together with the consequences of normalisation of monetary policy (especially expectations of higher FED’s Federal Funds Rate and reactions of financial markets to the end of Asset Purchasing Programme within ECB’s Quantitative Easing), trade wars and Brexit, reduce the ability of the borrower to fulfil their contractual cash flow obligations. Loss allowance and carrying amount disclosure under IFRS 7 Analysis of financial instruments by staging Based on IFRS 7, the changes in the loss allowances and the reasons for them are disclosed by stages at the Group and Bank level by the following financial instruments: • Checking accounts at central and commercial banks (excluding Cash); • Debt securities measured at amortised cost; • Debt securities measured at fair value through other comprehensive income; • Loans and advances to banks measured at amortised cost and • Loans and advances to customers measured at amortised cost. The tables below provide detailed analysis of financial instruments described above by staging. Gross carrying amounts are shown gross of ECL. Comparative data for 31 December 2017 has been prepared under IAS 39. Except for loans and advances to customers at amortised cost, the analysis by financial instruments is presented in the same tables, both consolidated (at the Group level) and for the Bank individually (at the Bank level). Since financial instruments other than loans and advances to customers at amortized cost are only held by the Bank, they are not presented separately for the Group and the Bank in the following tables. Loans and advances to customers at amortized cost are presented separately for the Group and the Bank. Additionally Purchased or Originated Credit Impaired assets (POCI) are not present nor in the Group nor in the Bank, therefore disclosure of POCI is omitted in the following tables. Checking accounts at central and commercial banks (excluding Cash) The following tables analyse the Group’s and the Bank’s loss allowance and carrying amount of cash, checking accounts at central and commercial banks in accordance with IAS 39 as of 31 December 2017 and in accordance with IFRS 9 from 1 January 2018 onward. The Group's and the Bank’s loss allowance – checking accounts at central and commercial banks (excluding cash) Detailed disclosure is omitted due to low materiality. 332 Translation of 2018 Annual Report · UniCredit Bank The Group’s and the Bank’s gross carrying amount – checking accounts at central and commercial banks (excluding cash) EUR '000 Gross carrying amount as at 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 384,211 17,495 - 401,705 - - - - 384,211 17,495 - 401,705 Transfer to stage 1 2,191 -2,191 - - Transfer to stage 2 - - - - Restatement of the prior year Gross carrying amount as at 1/1/2018 Changes in the gross carrying amount Transfer to stage 3 - - - - Changes due to modifications that did not result in derecognition - - - - Write-offs New financial assets originated Financial assets that have been derecognised Other changes Gross carrying amount as at 31/12/2018 - - - - 171,882 - - 171,882 (378,690) (6,619) - (385,310) 31,589 2,970 - 34,559 211,182 11,655 - 222,837 The Group’s and the Bank’s gross carrying amount by internal credit risk rating grades and stages – checking accounts at central and commercial banks (excluding cash) EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 168,346 5,807 - 174,153 366,228 2 492 5,152 - 5,644 1,232 3 35,876 696 - 36,572 33,145 4 5,248 - - 5,248 512 5 103 - - 103 160 6 90 - - 90 135 7 - - - - - 8 - - - - - Doubtful and default - - - - - Not rated Total gross carrying Loss allowance Carrying amount 1,027 - - 1,027 293 211,182 11,655 - 222,837 401,705 6 - - 6 3 211,176 11,654 - 222,831 401,702 The Group’s and the Bank’s performing loans based on days past due classification - checking accounts at central and commercial banks (excluding cash) EUR '000 Days overdue Performing loans 31/12/2018 1/1/2018 Exposure Loss allowance Exposure Loss allowance 222,837 6 401,705 5 Overdue receivables up to 29 days - - - - Overdue receivables from 30 to 59 days - - - - Overdue receivables from 60 to 89 days Total - - - - 222,837 6 401,705 5 Debt securities at amortised cost The following tables analyse the Group’s and the Bank’s loss allowance and carrying amount of debt securities measured at amortised cost in accordance with IAS 39 as of 31 December 2017 and in accordance with IFRS 9 from 1 January 2018 onward. UniCredit Bank · Translation of 2018 Annual Report 333 Financial Statements of the Bank and the Group Risk Report The Group's and the Bank’s loss allowance – debt securities measured at amortised cost Disclosure is omitted due to low materiality. The Group’s and the Bank’s gross carrying amount – debt securities measured at amortised cost EUR '000 Gross carrying amount as at 31/12/2017 Restatement of the prior year Gross carrying amount as at 1/1/2018 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 7,202 - - 7,202 - - - - 7,202 - - 7,202 - - - - Changes in the gross carrying amount Transfer to stage 1 Transfer to stage 2 - - - - Transfer to stage 3 - - - - Changes due to modifications that did not result in derecognition - - - - Write-offs - - - - - - - - New financial assets originated (7,202) - - (7,202) Other changes - - - - Gross carrying amount as at 31/12/2018 - - - - Financial assets that have been derecognised The Group’s and the Bank’s gross carrying amount by internal credit risk rating grades and stages – debt securities measured at amortised cost On 31/12/2017 exposure of 7.2 mio EUR was in rating grade 1 and stage 1 otherwise disclosure is omitted due to low materiality. Debt securities measured at FVTOCI The following tables analyse the Group’s and the Bank’s loss allowance and carrying amount of debt securities measured at FVTOCI in accordance with IAS 39 as of 31 December 2017 and in accordance with IFRS 9 from 1 January 2018 onward. The Group's and the Bank’s loss allowance – debt securities measured at FVTOCI EUR '000 Loss allowance as of 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total - - - - Restatement of the prior year 62 - - 62 Loss allowance as of 1/1/2018 62 - - 62 Changes in the loss allowance Transfer to stage 1 - - - - Transfer to stage 2 - - - - - - - - Increase due to change in credit risk 10 - - 10 Decrease due to change in credit risk (17) - - (17) - - - - Transfer to stage 3 Changes due to modifications that did not result in derecognition - - - - New financial assets originated 16 - - 16 Financial assets that have been derecognised (1) - - (1) Changes in models/risk parameters - - - - Foreign exchange and other movements - - - - 70 - - 70 Write-offs Loss allowances as of 31/12/2018 334 Translation of 2018 Annual Report · UniCredit Bank The Group’s and the Bank’s gross carrying amount – debt securities measured at FVTOCI EUR '000 Gross carrying amount as of 31/12/2017 Restatement of the prior year Gross carrying amount as of 1/1/2018 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 373,106 - - 373,106 - - - - 373,106 - - 373,106 Changes in the gross carrying amount Transfer to stage 1 - - - - Transfer to stage 2 - - - - Transfer to stage 3 - - - - Changes due to modifications that did not result in derecognition - - - - - - - - New financial assets originated 72,578 - - 72,578 Financial assets that have been derecognised (5,548) - - (5,548) Write-offs Other changes (54,647) - - (54,647) Gross carrying amount as of 31/12/2018 385,488 - - 385,488 The Group’s and the Bank’s gross carrying amount by internal credit risk rating grades and stages – debt securities measured at FVTOCI EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 327,954 - - 327,954 355,228 2 45,318 - - 45,318 17,877 3 12,216 - - 12,216 - 4 - - - - - 5 - - - - - 6 - - - - - 7 - - - - - 8 - - - - - Doubtful and default - - - - - Not rated - - - - - 385,488 - - 385,488 373,106 70 - - 70 - 385,418 - - 385,418 373,106 Total gross carrying Loss allowance Carrying amount The Group’s and the Bank’s performing loans based on days past due classification – debt securities measured at FVTOCI EUR '000 Days overdue Performing loans 31/12/2018 1/1/2018 Exposure Loss allowance Exposure Loss allowance 385,488 70 373,106 62 Overdue receivables up to 29 days - - - - Overdue receivables from 30 to 59 days - - - - Overdue receivables from 60 to 89 days Total - - - - 385,488 70 373,106 62 UniCredit Bank · Translation of 2018 Annual Report 335 Financial Statements of the Bank and the Group Risk Report Loans and advances to banks measured at amortised cost The following tables analyse the Group’s and the Bank’s loss allowance and carrying amount of loans and advances to banks measured at amortised cost in accordance with IAS 39 as of 31 December 2017 and in accordance with IFRS 9 from 1 January 2018 onward. The Group's and the Bank’s loss allowance – loans and advances to banks measured at amortised cost Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Loss allowance as of 31/12/2017 - - - - Restatement of the prior year 2 - 43 45 Loss allowance as of 1/1/2018 2 - 43 45 EUR '000 Changes in the loss allowance Transfer to stage 1 - - - - Transfer to stage 2 - - - - Transfer to stage 3 - - - - Increase due to change in credit risk 1 - - 1 Decrease due to change in credit risk - - - - Changes due to modifications that did not result in derecognition - - - - - - - - 8 - - 8 (1) - (43) (44) Changes in models/risk parameters - - - - Foreign exchange and other movements - - - - 10 - - 10 Write-offs New financial assets originated Financial assets that have been derecognised Loss allowances as of 31/12/2018 The Group’s and the Bank’s gross carrying amount – loans and advances to banks measured at amortised cost Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 41,304 49 43 41,397 - - - - 41,304 49 43 41,397 Transfer to stage 1 47 (47) - - Transfer to stage 2 (1) 1 (1) - Transfer to stage 3 - - - - EUR '000 Gross carrying amount as of 31/12/2017 Restatement of the prior year Gross carrying amount as of 1/1/2018 Changes in the gross carrying amount Changes due to modifications that did not result in derecognition - - - - Write-offs - - - - New financial assets originated Financial assets that have been derecognised Other changes Gross carrying amount as at 31/12/2018 336 Translation of 2018 Annual Report · UniCredit Bank 18,259 2 - 18,261 (23,965) (2) (43) (24,010) 2,901 - - 2,901 38,545 4 - 38,549 The Group’s and the Bank’s gross carrying amount by internal credit risk rating grades and stages – loans and advances to banks measured at amortised cost EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 1 - - 1 7 2 15,611 - - 15,611 (1,079) 3 21,853 1 - 21,854 40,155 4 - - - - 1,694 5 - 3 - 3 1 6 - - - - - 7 - - - - - 8 - - - - - Doubtful and default Not rated Total gross carrying Loss allowance Carrying amount - - - - 43 1,081 - - 1,081 576 38,545 4 - 38,549 41,397 10 - - 10 - 38,536 4 - 38,540 41,397 The Group’s and the Bank’s performing loans based on days past due classification – loans and advances to banks measured at amortised cost EUR '000 Days overdue 31/12/2018 1/1/2018 Exposure Loss allowance Exposure Loss allowance 38,549 10 40,945 2 Overdue receivables up to 29 days - - 408 - Overdue receivables from 30 to 59 days - - - - Overdue receivables from 60 to 89 days - - - - 38,549 10 41,353 2 Performing loans Total UniCredit Bank · Translation of 2018 Annual Report 337 Financial Statements of the Bank and the Group Risk Report Loans and advances to customers measured at amortised cost The following tables analyse the Group’s and the Bank’s loss allowance and carrying amount of loans and advances to customers measured at amortised cost in accordance with IAS 39 as of 31 December 2017 and in accordance with IFRS 9 from 1 January 2018 onward. The Group's loss allowance – loans and advances to customers measured at amortised cost Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 4,243 2,528 75,803 82,574 Restatement of the prior year (845) 2,509 (954) 710 Loss allowance as of 1/1/2018 3,398 5,037 74,849 83,283 Transfer to stage 1 418 (288) (129) 0 Transfer to stage 2 (233) 666 (433) 0 Transfer to stage 3 (61) (326) 387 0 Increase due to change in credit risk 754 991 9,699 11,445 (2,801) (1,735) (5,994) (10,531) - (25) (40) (66) EUR '000 Loss allowance as of 31/12/2017 Changes in the loss allowance Decrease due to change in credit risk Changes due to modifications that did not result in derecognition (56) (9) (7,924) (7,989) 1,810 674 2,936 5,420 Financial assets that have been derecognised (164) (1,162) (8,074) (9,401) Changes in models/risk parameters 1,524 1,247 16 2,787 1 63 203 267 4,589 5,132 65,495 75,216 Write-offs New financial assets originated Foreign exchange and other movements Loss allowances as of 31/12/2018 The Group’s gross carrying amount – loans and advances to customers measured at amortised cost EUR '000 Gross carrying amount as of 31/12/2017 Restatement of the prior year Gross carrying amount as of 1/1/2018 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 1,354,017 453,725 128,728 1,936,470 - - - - 1,354,017 453,725 128,728 1,936,470 Changes in the gross carrying amount Transfer to stage 1 25,438 (24,764) (674) - Transfer to stage 2 (43,561) 51,693 (8,132) - Transfer to stage 3 (8,846) (8,126) 16,971 - - (25) (40) (66) (56) (9) (7,924) (7,989) Changes due to modifications that did not result in derecognition Write-offs New financial assets originated Financial assets that have been derecognised 432,737 27,189 3,685 463,611 (109,873) (37,292) (13,803) (160,967) Other changes (122,666) (49,383) (14,962) (187,010) Gross carrying amount as of 31/12/2018 1,527,191 413,007 103,850 2,044,048 338 Translation of 2018 Annual Report · UniCredit Bank The Group’s gross carrying amount by internal credit risk rating grades and stages – loans and advances to customers measured at amortised cost EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 187,941 36,886 - 224,827 274,871 2 235,260 32,637 - 267,897 222,806 3 294,917 45,835 - 340,752 293,164 4 459,230 143,172 - 602,402 506,716 5 210,107 70,454 - 280,562 270,428 6 108,620 32,912 - 141,532 145,643 7 17,099 17,188 - 34,287 42,080 8 1,826 29,361 - 31,188 34,795 - - 103,850 103,850 128,739 12,190 4,561 - 16,752 17,229 1,527,191 413,007 103,850 2,044,048 1,936,470 4,589 5,132 65,495 75,216 82,470 1,522,602 407,875 38,355 1,968,832 1,853,999 Doubtful and default Not rated Total gross carrying Loss allowance Carrying amount The Group’s performing loans based on days past due classification – loans and advances to customers measured at amortised cost EUR '000 31/12/2018 1/1/2018 Days overdue Exposure Loss allowance Exposure Loss allowance Performing loans 1,912,767 8,327 1,698,100 7,810 24,059 872 107,940 362 2,942 481 993 85 Overdue receivables up to 29 days Overdue receivables from 30 to 59 days Overdue receivables from 60 to 89 days Total 432 41 672 177 1,940,199 9,721 1,807,705 8,435 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 3,231 2,398 58,160 63,789 The Bank’s loss allowance – loans and advances to customers measured at amortised cost EUR '000 Loss allowance as of 31/12/2017 153 2,435 (465) 2,124 3,384 4,833 57,696 65,912 Transfer to stage 1 278 (212) (66) - Restatement of the prior year Loss allowance as of 1/1/2018 Changes in the loss allowance Transfer to stage 2 (148) 556 (408) - Transfer to stage 3 (48) (245) 292 - Increase due to change in credit risk 648 847 9,360 10,854 (2,152) (1,565) (3,667) (7,383) - (25) (40) (66) Decrease due to change in credit risk Changes due to modifications that did not result in derecognition (54) (9) (7,680) (7,743) New financial assets originated 1,147 303 2,903 4,353 Financial assets that have been derecognised (165) (1,162) (8,074) (9,401) 932 1,087 4 2,023 1 63 193 257 3,823 4,470 50,512 58,806 Write-offs Changes in models/risk parameters Foreign exchange and other movements Loss allowances as of 31/12/2018 UniCredit Bank · Translation of 2018 Annual Report 339 Financial Statements of the Bank and the Group Risk Report The Bank’s gross carrying amount – loans and advances to customers measured at amortised cost EUR '000 Gross carrying amount as of 31/12/2017 Restatement of the prior year Gross carrying amount as of 1/1/2018 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total 1,329,118 443,826 99,179 1,872,123 - - - - 1,329,118 443,826 99,179 1,872,123 Changes in the gross carrying amount Transfer to stage 1 21,275 (20,808) (467) - Transfer to stage 2 (29,244) 37,303 (8,059) - Transfer to stage 3 (6,853) (6,339) 13,192 - - (25) (40) (66) Changes due to modifications that did not result in derecognition Write-offs New financial assets originated Financial assets that have been derecognised Other changes Gross carrying amount as of 31/12/2018 (54) (9) (7,680) (7,743) 348,845 23,311 3,509 375,665 (109,981) (37,292) (13,803) (161,076) (40,086) (44,202) (9,783) (94,071) 1,513,021 395,765 76,048 1,984,834 The Bank’s gross carrying amount by internal credit risk rating grades and stages – loans and advances to customers measured at amortised cost EUR '000 31/12/2018 31/12/2017 Stage 1 12-month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total Total 1 187,941 36,886 - 224,827 274,871 2 234,121 32,625 - 266,746 221,408 3 292,817 45,835 - 338,652 292,636 4 398,706 140,558 - 539,265 452,992 5 309,980 63,484 - 373,465 348,575 6 68,512 26,582 - 95,093 100,034 7 9,116 16,478 - 25,593 31,612 8 1,826 28,781 - 30,608 33,666 - - 76,047 76,047 99,189 Doubtful and default Not rated Total gross carrying Loss allowance Carrying amount 10,001 4,537 - 14,538 17,142 1,513,021 395,765 76,048 1,984,834 1,872,123 3,823 4,470 50,512 58,806 63,788 1,509,197 391,294 25,536 1,926,027 1,808,335 The Bank’s performing loans based on days past due classification – loans and advances to customers measured at amortised cost EUR '000 31/12/2018 1/1/2018 Days overdue Exposure Loss allowance Exposure Loss allowance Performing loans 1,902,905 8,076 1,676,409 7,942 5,330 178 95,773 94 Overdue receivables from 30 to 59 days 469 34 250 33 Overdue receivables from 60 to 89 days 83 5 475 148 1,908,787 8,294 1,772,909 8,217 Overdue receivables up to 29 days Total 340 Translation of 2018 Annual Report · UniCredit Bank The Group’s and the Bank’s effect of modifications of contractual cashflows for loans and advances for customers at amortised cost EUR '000 Financial assets (with loss allowance based on lifetime ECL) modified during the period Gross carrying amount before modification Loss allowances before modification Net amortized cost before modification Net modification gain/loss (+/-) 31/12/2018 31/12/2017 1,251 - (98) - 1,153 - (66) - 1,087 - Financial assets modified since initial recognition at a time when loss allowance was based on lifetime ECL 31/12/2018 31/12/2017 Gross carrying amount of finance assets for which loss allowances has changed in the period from lifetime to 12-month ECL after modification 60 - Net amortised cost after modification EUR '000 Counterparty Credit Risk Counterparty credit risk is the risk that the counterparty to a transaction could default before the final settlement of transaction cash flows. The scope of its application are derivative instruments, repurchase transactions, securities or commodities, lending or borrowing transactions, long settlement transactions, and margin lending transactions. For the purposes of credit risk management, the Group uses an internal counterparty credit risk model that is applied throughout the parent group UniCredit. The internal model is compliant with the CRR directive requirements for measuring counterparty credit risk. The model enables the Bank to calculate counterparty credit risk exposures in normal and stressed conditions as well as credit valuation adjustments (CVA) and debit valuation adjustments (DVA). The adequacy of the internal model is regularly reviewed by performing back-testing. The exposure of any individual counterparty is evaluated by running a path simulation of its portfolio of financial derivatives using the Monte Carlo method. Simulation calculations are performed for all major types of transactions, e. g. forward foreign exchange transactions, currency options, interest rate instruments, equity / bond-related instruments, credit derivatives and commodity derivatives. Estimates of potential future exposures are calculated based on market volatility, correlations between specific risk factors, future cash flows and stress considerations. The future exposure of financial derivatives is defined as the 95 percentile of estimated potential future exposures. Counterparty risk exposures for financial derivatives of the Group by rating class EUR '000 Rating class Bank Group 31/12/2018 31/12/2017 31/12/2018 31/12/2017 1 6,634 7,458 6,634 7,458 2 7,466 3,060 7,466 3,060 3 5,019 17,349 5,019 17,349 4 670 1,159 670 1,159 5 824 782 824 782 6 31 731 31 731 7 565 740 565 740 8 232 - 232 258 Non-performing Not rated Total - 258 - 171 - 171 - 21,612 31,536 21,612 31,536 UniCredit Bank · Translation of 2018 Annual Report 341 Financial Statements of the Bank and the Group Risk Report Market Risk The Group assumes exposures to market risk, which is the risk that fair value or future cash flows of a financial instrument will fluctuate due to changes in market prices. Market risks arise from open positions in interest rate, currency, credit spread, commodity and equity products. All of these are exposed to general and specific market movements and changes in the level of volatility of market rates or prices such as interest rates, credit spreads, foreign exchange rates, commodity and equity prices. Exposure to market risks at the Group level EUR ’000 Content Cash and cash balances with central banks Financial assets held for trading Available-for-sale financial assets Derivatives - hedge accounting 31/12/2018 31/12/2017 238,422 412,560 8,620 6,932 408,363 397,142 10,704 11,334 1,963,661 1,898,469 Held-to-maturity financial assets - 7,202 Investments in subsidiaries, associates and joint ventures - - 2,629,770 2,733,639 - - Loans and receivables Total Liabilities Deposits from central banks Financial liabilities held for trading Derivatives - hedge accounting Financial liabilities measured at amortised cost Provisions Total 9,216 7,075 23,122 19,256 2,372,587 2,419,270 20,536 14,484 2,425,461 2,460,085 31/12/2018 31/12/2017 238,422 412,560 8,620 6,932 408,363 397,142 10,704 11,334 1,964,631 1,852,776 - 7,202 Exposure to market risks at the Bank’s level EUR ’000 Content Assets Cash and cash balances with central banks Financial assets held for trading Available-for-sale financial assets Derivatives - hedge accounting Loans and receivables Held-to-maturity financial assets Investments in subsidiaries, associates and joint ventures Total 1 1 2,630,741 2,687,947 Liabilities Deposits from central banks Financial liabilities held for trading Derivatives - hedge accounting Financial liabilities measured at amortised cost Provisions Total 342 Translation of 2018 Annual Report · UniCredit Bank - - 9,216 7,075 23,122 19,256 2,341,903 2,383,064 20,517 14,484 2,394,758 2,423,879 Market Risk Management Techniques Market risk management includes all activities related to the Group’s treasury operations and management of the balance sheet structure. Risk positions are aggregated at least daily and analysed by the independent market risk management unit and compared with risk limits set by the ALCO committee. Cash flow hedge and fair value hedge accounting is used by the Bank for managing interest rate risk in accordance with IFRS. Market risk management includes ongoing reporting on the risk position, definition of risk limits and limit utilization as well as daily presentation of results of treasury operations. The ALCO sets the risk limits for the Group, Bank and Leasing at least once a year in close cooperation with the respective units at UniCredit Spa, Milano. The entire set of rules for treasury operations and market risk management is laid down in the Financial Markets Rulebook and is divided into three parts (General Part, Specific Part and Unit Parts). To sum up, two sets of limits are defined: • Global market risk limits: these are intended to establish a boundary to the economic capital absorption and to the economic loss accepted for activities under trading activities regime. These limits have to be consistent with the assigned budget of revenues and the defined risk taking capacity. Global Market Risk limits are the following: • Loss Warning Level, which is defined as the 60 days rolling period accumulated economic Profit & Loss of a risk taker; • Stress Test Warning Level, which represents a potential loss in value of a portfolio calculated on the basis of a distressed scenario; • Value at Risk (VaR), which represents the potential loss of a portfolio over a defined period for a given confidence interval; • Granular market risk limits: those exist independently of, but act together with the Global market risk limits; in order to control more effectively and more specifically different risk types, these limits are generally granular sensitivity or stress-related limits. Sensitivities represent the change in the market value of a financial instrument due to moves of the relevant market risk factors. Only authorized risk-takers are permitted to assume risk positions. Limits and warning levels are monitored by the local market risk function. The escalation process is activated in line with the procedures set in the Policy, to establish the most appropriate course of action to restore exposures within the approved limits. Limit breaches are reported to the local ALCO. The Group uses the standardized approach for calculating capital requirements related to trading positions and thus for regulatory reporting of capital requirement for market risk. However, VaR is used for the internal management of market risk. VaR represents the estimated loss that will arise on a specific portfolio over a specified period of time (holding period) due to an adverse market movement with a specified probability (confidence level). More precisely, for its internal market risk management the Group uses the IMOD risk model, which was developed by the parent group UniCredit. Ongoing work on the model consists of regular back testing procedures, integration of new products, model adjustments to general market development, implementation of regulatory requirements (like the one from the Directive 2013/36/EU (CRD IV): an incremental risk capital charge (IRC), a comprehensive risk measure (CRM) specific to the correlation trading portfolio (CTP), a stressed value-at-risk (sVaR). The model used for the internal management of market risk is based on historical simulation with a 500-day market data time window for scenario generation. VaR is based on a one-day holding period and a confidence interval of 99 %. Besides VaR, present value of the basis point (pvbp) and credit spread basis point are calculated. Basis point limits per currency and maturity band, basis point sums per currency and/or per maturity segment (total of absolute basis point values) and credit spread basis point limit are used for risk management. Based on aggregated data, the IMOD risk management system provides major risk parameters for treasury operations once a day. Other factors of equal importance are stress-oriented volume and position limits. Regular stress scenario calculations complement the information provided on a monthly basis to ALCO. Such stress scenarios are based on assumptions of extreme movements in individual market risk parameters. Group analyses the effect of these fluctuations in specific products and risk factors on the Group’s results and net asset position. Assumptions of extreme movements are set by the Bank. Results of these stress tests are taken into account in the process of establishing and reviewing limits. Additional elements of the limit system are loss-warning level limits. Loss warning level is defined as the 60-day accumulated economic Profit & Loss and provides an early indication of any accumulation of position losses. The Market Risk unit calculates, compares with current budgeted figures and reports the income data from market risk activities (Profit & Loss) on a daily basis. Reporting covers the components reflected in the IFRS-based net income and valuation of all positions at market value regardless of their recognition in the IFRS-based financial statements (total return). In order to check the market compliance of deals, the Bank uses the MARCONIS system, which was developed by the parent group UniCredit. The MARCONIS system reviews completely and systematically the market conformity of each treasury transaction. In 2018 there were no deals UniCredit Bank · Translation of 2018 Annual Report 343 Financial Statements of the Bank and the Group Risk Report concluded which were finally classified as not market conform. In 2012, the MARCONIS system was extended to include another module, and the tool is also used to address the topic of price transparency (determining minimum margins and maximum hedging costs for Corporate Treasury Sales). Interest Rate, Spread, Foreign Exchange and Equity Risk The results of the internal model based on VaR (one day holding period, 99 % confidence level) for 2018 are at lower levels as compared to the previous year's results. Lower average VaR levels in 2018 are mostly the result of lower Spread VaR. VaR figures of the Group/Bank in the table below include interest (IR), spread (Spread), foreign exchange (FX) and equity (EQ) VaR components. VaR of the Group in 2018 and 2017 EUR ’000 Value at Risk 2018 Minimum Maximum Value at Risk 2017 Average Minimum Maximum Average IR VaR 209 1,464 349 130 1,405 338 Spread VaR 733 1,573 938 1,465 3,831 2,303 7 FX VaR 1 43 4 1 63 EQ VaR - 20 - - - - 555 1,671 879 1,585 4,885 2,327 Total VaR VaR of the Bank in 2018 and 2017 EUR ’000 Value at Risk 2018 Value at Risk 2017 Minimum Maximum Average Minimum Maximum Average IR VaR 196 1,461 344 131 1,408 340 Spread VaR 733 1,573 938 1,465 3,831 2,303 1 43 4 1 66 7 FX VaR EQ VaR Total VaR - 20 - - - - 566 1,652 882 1,569 3,860 2,323 For internal monitoring, the Bank additionally splits VaR into Trading Book VaR and Banking Book VaR. In 2018, the average Trading book VaR stood at 118,000 euros and the average Banking book VaR amounted to 882,000 euros (879,000 euros at the Group level). In the management of interest rate risk, the Group positions itself mainly in EUR, CHF and USD. Exposures in these currencies during 2018 and 2017 are presented below and include trading book as well as all banking book items. Positions in currencies other than those represented below were not significant. Interest rate basis point shift within the Group in 2018 EUR Currency 31/12/2018 Up to 3 months 3 months to 1 year 1 year to 3 years Annual max, min, average 3 year to 10 years Over 10 years Total Annual maximum Annual minimum Absolute average CHF 903 (8,402) (3,945) (1,657) 1,491 (11,610) (7,195) (16,047) 9,768 EUR (11,184) (16,712) (29,756) (24,091) (17,552) (99,295) 91,446 (114,243) 93,735 USD Total (6) 75 55 - - 124 186 (26) 80 (10,330) (25,050) (33,647) (25,748) (16,062) (110,837) 83,180 (123,845) 103,458 Interest rate basis point shift within the Group in 2017 EUR 31/12/2017 Up to 3 months 3 months to 1 year CHF 1,301 (7,812) (5,799) EUR (10,808) (9,187) (14,040) Currency USD Total 1 year to 3 years Annual max, min, average 3 year to 10 years Over 10 years Total Annual maximum Annual minimum (2,536) (757) (10,980) (17,720) Absolute average (15,603) (1,434) (15,604) 4,674 (62,735) 89,289 (75,955) 49,921 (60) 73 65 (10) - 68 172 (163) 47 (9,575) (16,928) (19,774) (13,526) (18,476) (78,279) 85,563 (90,875) 45,228 344 Translation of 2018 Annual Report · UniCredit Bank Interest rate basis point shift within the Bank in 2018 EUR Currency 31/12/2018 Up to 3 months 3 months to 1 year 1 year to 3 years Annual max, min, average 3 year to 10 years Over 10 years Total Annual maximum Annual minimum Absolute average CHF 903 (8,402) (3,945) (1,657) 1,491 (11,610) (7,195) (16,047) 9,768 EUR (9,962) (15,601) (28,238) (23,389) (17,535) (94,725) 94,358 (110,374) 91,537 USD Total (6) 75 55 - - 124 186 (26) 80 (9,109) (23,939) (32,128) (25,046) (16,045) (106,267) 86,092 (119,975) 101,259 Interest rate basis point shift within the Bank in 2017 EUR 31/12/2017 Up to 3 months 3 months to 1 year CHF 1,301 EUR (11,712) Currency USD Total Annual max, min, average 1 year to 3 years 3 year to 10 years Over 10 years Total (7,812) (5,799) (9,644) (11,325) Annual maximum Annual minimum (2,536) (757) (9,876) (17,704) Absolute average (15,603) (1,450) (15,604) 4,680 (60,261) 88,390 (71,695) 50,715 (60) 73 65 (10) - 68 172 (163) 47 (10,480) (17,385) (17,060) (12,423) (18,460) (75,808) 84,660 (86,616) 46,015 The overall interest rate basis point shift exposure in 2018 compared to 2017 was higher on average due to the addition of interest rate sensitivity of imbedded options (floors) that limit the interest rate of variable rate loans and deposits in December of 2017. In addition, interest rate sensitivity due to basis risk inherent in variable rate loans and deposits was also included in the interest rate basis point shift exposure in 2017. The relation between ‘interest rate risk in the banking book’ and the Bank's capital is established by the European Union Directive CRD IV and the European Union Regulation CRR which enact Basel III as part of the EU banking legislation framework and requires the Bank to compare the change in market value of the banking book after a 2-percent interest rate shock with the Bank's net capital resources. In case such an interest rate shock absorbs more than 20 % of the Group's net capital resources, the Bank’s supervisory authority may require the Bank to take measures in order to reduce risk. Stress testing results show that a 2-percent interest rate shock (parallel increase of interest rates) at year end 2018 would absorb about 2,1 % of the Group’s net capital resources (2,1 % of Bank capital) which is far below the threshold level of 20 %. The current investment of equity capital is taken into account as an open risk position. Besides the European Union Directive CRD IV and the European Union Regulation CRR which enact Basel III as part of the EU banking legislation required sensitivity measure mentioned above, the Bank measures and monitors interest rate risk in the banking book also with regard to the sensitivity of net interest income (Net Interest Income sensitivity). Net Interest Income sensitivity is measured on all owned positions from business and strategic investment decisions (banking book only) with a 1 year estimation horizon. On 31 December 2018, the sensitivity of interest income to an immediate and parallel shift of +100 bps was 2.042.707 euros and -1.966.616 euros for a shift of -100 bps. Additionally, the Group measures the impact on Net Economic Value of various potential interest rate shocks for the total Group/Bank exposures. The main scenarios which are assessed on monthly basis represent: • Parallel shift of interest rate curves of +/-200 bps and +/-100 bps; • Changes in the steepness of the rate curve is analysed by clockwise turning (increase in short-term rates and a simultaneous fall in long-term rates) and by counter-clockwise turning (short-term rates fall and long-term rates rise). At the end of 2018, interest rate sensitivity in EUR remains the main risk factor. The outcome of positive and negative parallel scenarios is mostly driven by the inclusion of imbedded option effect into the interest rate position of the Group/Bank in 2017. In the negative interest rate scenario, the value of imbedded options increases, contributing to the positive overall result for EUR. In the positive interest rate scenario the impact of imbedded options is limited, resulting in a negative overall result for EUR. UniCredit Bank · Translation of 2018 Annual Report 345 Financial Statements of the Bank and the Group Risk Report Sensitivity of Net Economic Value within the Group Stress result (EUR) 31/12/2018 Stress result (EUR) 31/12/2017 Risk factor Scenario EUR CHF USD EUR CHF USD (25) parallel -200 bp 32,131,813 5,588,633 (29,110) 36,641,792 (315,139) parallel +200 bp (4,860,126) (1,528,595) 28,460 (2,141,102) 314,192 25 parallel -100 bp 12,650,583 1,663,455 (14,472) 12,613,496 (157,450) (12) parallel +100 bp (4,093,608) (902,289) 14,310 (2,373,756) 157,213 12 turn clockwise 5,120,220 - - 6,180,652 - - turn counter clockwise 5,621,506 - - 6,261,895 - - Sensitivity of Net Economic Value within the Bank Stress result (EUR) 31/12/2018 Stress result (EUR) 31/12/2017 Risk factor Scenario parallel -200 bp EUR CHF USD EUR CHF USD 30,629,438 5,588,624 (29,110) 34,806,767 (315,139) (25) parallel +200 bp (4,023,109) (1,528,586) 28,460 (1,386,136) 314,192 25 parallel -100 bp 12,183,049 1,663,451 (14,472) 12,050,910 (157,450) (12) parallel +100 bp 12 (3,666,539) (902,285) 14,310 (1,977,252) 157,213 turn clockwise 5,187,516 - - 6,130,636 - - turn counter clockwise 5,499,807 - - 6,198,033 - - The Bank’s debt security portfolio mainly comprises of bonds from first-class issuers classified as held to collect and sell or held to collect. UniCredit Leasing d.o.o. does not own any debt securities. As of 31 December 2018, 84 % of the Bank’s bond portfolio is comprised of the Republic of Slovenia government bonds. The Bank regularly monitors the situation on the financial markets and estimates credit ratings of the issuers. The Bank calculates and monitors the spread basis point value of its portfolios on a daily basis. Spread basis point value in 2018 EUR Maturity Total 31/12/2018 Annual max, min, average Up to 6 months 6 months to 2 years 2 years to 7 years Over 7 years Total Annual maximum Annual minimum Absolute average 151 4,855 117,372 51,194 173,571 173,586 235,672 188,231 Spread basis point value in 2017 EUR Maturity Total 31/12/2017 Annual max, min, average Up to 6 months 6 months to 2 years 2 years to 7 years Over 7 years Total Annual maximum Annual minimum Absolute average 156 4,539 64,876 145,015 214,587 210,727 269,817 235,322 In addition to the sensitivity approach presented above, the Bank measures the impact of credit spread shock on net economic value of the Bank for the total Bank exposures in the Slovenian government bonds. On 31 December 2018, the scenario of parallel increase of +200 bps of credit spreads on the Slovenian government bonds the Bank held would result in a Net Economic Value loss of 30.5 million euros. Besides VaR, Foreign Exchange positioning is also monitored by each currency on aggregated position level. During 2018, the Group held larger positions only in major currencies. 346 Translation of 2018 Annual Report · UniCredit Bank The Group’s open FX position in major currencies in 2018 and 2017 EUR ’000 2018 2017 Annual maximum in short position Annual maximum in long position Annual maximum in short position Annual maximum in long position CHF (2,843) 5,638 (2,149) 666 GBP (1,581) 118 (551) 304 JPY (152) 80 (221) 298 USD (2,158) 1,142 (1,414) 4,184 Annual maximum in short position Annual maximum in long position Annual maximum in short position Annual maximum in long position CHF (2,223) 5,638 (1,529) 666 GBP (1,581) 118 (551) 304 JPY (152) 80 (221) 298 USD (2,158) 1,142 (1,414) 4,184 Currency Bank’s open FX position in major currencies in 2018 and 2017 EUR ’000 Currency 2018 2017 UniCredit Bank · Translation of 2018 Annual Report 347 Financial Statements of the Bank and the Group Risk Report The Group’ Balance sheet positions in different currencies as of 31 December 2018 EUR '000 Item EUR CHF USD Other Total 204,349 5,218 12,288 16,567 238,422 Financial assets held for trading 8,142 - 478 - 8,620 Non-trading financial assets mandatorily at fair value through profit or loss 2,694 - 1,431 - 4,125 Cash, cash balances with the Central Bank and demand deposits at banks Financial assets at fair value through other comprehensive income Financial assets at amortised cost Loans to banks Loans to non-bank customers Advances Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Investments in subsidiaries, associates and joint ventures Tangible assets Property, plant and equipment Investment property Intangible assets 408,363 - - - 408,363 1,849,454 156,419 1,492 3 2,007,368 21,667 15,970 - - 37,637 1,825,040 140,449 1,492 - 1,966,981 2,747 - - 3 2,750 9,703 1,001 - - 10,704 424 - - - 424 - - - - - 6,601 - - - 6,601 5,228 - - - 5,228 1,373 - - - 1,373 14,870 - - - 14,870 Tax assets 4,993 - - - 4,993 Current tax assets 1,426 - - - 1,426 Deferred tax assets 3,567 - - - 3,567 Other assets TOTAL ASSETS 3,958 - - - 3,958 2,513,551 162,638 15,689 16,570 2,708,448 Financial liabilities held for trading 8,737 - 479 - 9,216 Financial liabilities designated at fair value through profit or loss 1,282 - - - 1,282 2,305,713 8,190 42,274 17,017 2,373,194 103,845 99 691 2,061 106,696 1,857,575 7,837 39,648 14,890 1,919,950 Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks 324,453 - - - 324,453 19,840 254 1,935 66 22,095 Derivatives - hedge accounting 4,948 18,174 - - 23,122 Fair value changes of the hedged items in portfolio interest rate risk 3,888 - - - 3,888 20,174 - 3 359 20,536 Other financial liabilities Provisions Tax liabilities Current tax liabilities Deferred tax liabilities Other liabilities TOTAL LIABILITIES Share capital 2,167 - - - 2,167 295 - - - 295 1,872 - - - 1,872 3,492 1 3 10 3,506 2,350,401 26,365 42,759 17,386 2,436,911 20,384 - - - 20,384 107,760 - - - 107,760 Fair value reserves 16,319 - - - 16,319 Reserves from profit 100,394 - - - 100,394 Share premium Retained earnings including profit / loss from current year TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 348 Translation of 2018 Annual Report · UniCredit Bank 26,680 - - - 26,680 271,537 - - - 271,537 2,621,938 26,365 42,759 17,386 2,708,448 The Group’s Balance sheet positions in different currencies as of 31 December 2017 EUR '000 Item Cash, cash balances with the Central Bank and demand deposits at banks Financial assets held for trading Non-trading financial assets mandatorily at fair value through profit or loss Financial assets at fair value through other comprehensive income Available-for-sale financial assets (according to IAS 39) Financial assets at amortised cost Loans to banks Loans to non-bank customers Advances Loans and receivables (according to IAS 39) To banks To customers Other financial assets Held-to-maturity financial assets (according to IAS 39) Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Investments in subsidiaries, associates and joint ventures Tangible assets Property, plant and equipment Investment property Intangible assets Tax assets Current tax assets Deferred tax assets Other assets TOTAL ASSETS Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Provisions Tax liabilities Current tax liabilities Deferred tax liabilities Other liabilities TOTAL LIABILITIES Share capital Share premium Fair value reserves Reserves from profit Retained earnings including profit / loss from current year TOTAL EQUITY TOTAL LIABILITIES AND EQUITY EUR CHF USD Other Total 378,445 5,641 24,163 4,311 412,560 5,787 - 894 251 6,932 - - - - - - - - - - 396,084 1,717,662 19,427 1,691,249 6,986 7,202 9,293 174,349 17,058 157,291 2,041 1,058 1,948 1,948 - 4,510 4,509 1 - 397,142 1,898,469 40,994 1,850,488 6,987 7,202 11,334 (2,418) - - - (2,418) 6,969 5,550 1,419 15,755 3,644 3,644 2,081 - 15 - 6,969 5,550 1,419 15,755 3,644 3,644 2,096 2,540,504 182,031 28,078 9,072 2,759,685 5,958 1 904 212 7,075 - - - - - 2,364,209 144,048 1,898,853 298,193 23,115 762 8,497 69 8,068 360 18,494 37,032 257 35,612 1,163 - 9,532 427 8,247 858 - 2,419,270 144,801 1,950,780 298,193 25,496 19,256 - - - - - 14,468 3,465 1,607 1,858 3,126 2,391,988 20,384 107,760 26,010 102,500 36,272 292,926 2,684,914 1 26,993 26,993 4 1 37,941 77 77 38,018 12 4 9,760 9,760 14,484 3,465 1,607 1,858 3,132 2,466,682 20,384 107,760 26,087 102,500 36,272 293,003 2,759,685 UniCredit Bank · Translation of 2018 Annual Report 349 Financial Statements of the Bank and the Group Risk Report The Bank’s Balance sheet positions in different currencies as of 31 December 2018 EUR '000 Content EUR CHF USD Other Total 204,349 5,218 12,288 16,567 238,422 Financial assets held for trading 8,142 - 478 - 8,620 Non-trading financial assets mandatorily at fair value through profit or loss 2,694 - 1,431 - 4,125 Financial assets at fair value through other comprehensive income 408,363 - - - 408,363 - - - - - 1,806,717 156,419 1,492 3 1,964,631 Cash, cash balances with the Central Bank and demand deposits at banks Available-for-sale financial assets (according to IAS 39) Financial assets at amortised cost Loans to banks Loans to non-bank customers Advances Loans and receivables (according to IAS 39) To banks 21,667 15,970 - - 37,637 1,782,439 140,449 1,492 - 1,924,380 2,614 2,611 - - 3 - - - - - - - - - - To customers - - - - - Other financial assets - - - - - Held-to-maturity financial assets (according to IAS 39) Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Investments in subsidiaries, associates and joint ventures Tangible assets Property, plant and equipment Investment property Intangible assets Tax assets Current tax assets Deferred tax assets Other assets TOTAL ASSETS - - - - - 9,703 1,001 - - 10,704 424 - - - 424 1 - - - 1 2,849 - - - 2,849 2,849 - - - 2,849 - - - - - 14,549 - - - 14,549 1,426 - - - 1,426 1,426 - - - 1,426 - - - - - 1,388 - - - 1,388 2,655,502 2,460,605 162,638 15,689 16,570 Financial liabilities held for trading 8,737 - 479 - 9,216 Financial liabilities designated at fair value through profit or loss 1,282 - - - 1,282 2,274,422 8,190 42,274 17,017 2,341,903 103,845 99 691 2,061 106,696 1,860,246 7,837 39,648 14,890 1,922,621 292,503 Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks 292,503 - - - 17,828 254 1,935 66 20,083 Derivatives - hedge accounting 4,948 18,174 - - 23,122 Fair value changes of the hedged items in portfolio interest rate risk 3,888 - - - 3,888 20,155 - 3 359 20,517 1,872 - - - 1,872 - - - - - 1,872 - - - 1,872 Other financial liabilities Provisions Tax liabilities Current tax liabilities Deferred tax liabilities Other liabilities TOTAL LIABILITIES Share capital Share premium 2,230 1 3 10 2,244 2,317,534 26,365 42,759 17,386 2,404,044 20,384 - - - 20,384 107,760 - - - 107,760 Fair value reserves 16,319 - - - 16,319 Reserves from profit 84,635 - - - 84,635 Retained earnings including profit / loss from current year TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 350 Translation of 2018 Annual Report · UniCredit Bank 22,360 - - - 22,360 251,458 - - - 251,458 2,568,992 26,365 42,759 17,386 2,655,502 The Bank’s Balance sheet positions in different currencies as of 31 December 2017 EUR '000 Content Cash, cash balances with the Central Bank and demand deposits at banks Financial assets held for trading Non-trading financial assets mandatorily at fair value through profit or loss Financial assets at fair value through other comprehensive income Available-for-sale financial assets (according to IAS 39) Financial assets at amortised cost Loans to banks Loans to non-bank customers Advances Loans and receivables (according to IAS 39) To banks To customers Other financial assets Held-to-maturity financial assets (according to IAS 39) Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Investments in subsidiaries, associates and joint ventures Tangible assets Property, plant and equipment Investment property Intangible assets Tax assets Current tax assets Deferred tax assets Other assets TOTAL ASSETS Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Provisions Tax liabilities Current tax liabilities Deferred tax liabilities Other liabilities TOTAL LIABILITIES Share capital Share premium Fair value reserves Reserves from profit Retained earnings including profit / loss from current year TOTAL EQUITY TOTAL LIABILITIES AND EQUITY EUR CHF USD Other Total 378,445 5,641 24,163 4,311 412,560 5,787 - 894 251 6,932 - - - - - - - - - - 396,084 1,671,969 19,427 1,648,289 4,253 7,202 9,293 174,349 17,058 157,291 2,041 1,058 1,948 1,948 - 4,510 4,509 1 - 397,142 1,852,776 40,994 1,807,528 4,254 7,202 11,334 (2,418) - - - (2,418) 1 3,629 3,629 15,458 1,239 2,486,689 5,958 182,031 1 15 28,078 904 9,072 212 1 3,629 3,629 15,458 1,254 2,705,870 7,075 - - - - - 2,328,003 144,048 1,905,608 256,366 21,981 762 8,497 69 8,068 360 18,494 37,032 257 35,612 1,163 - 9,532 427 8,247 858 - 2,383,064 144,801 1,957,535 256,366 24,362 19,256 - - - - - 14,468 3,073 1,215 1,858 1,668 2,353,932 20,384 107,760 26,010 84,635 38,378 277,167 2,631,099 1 26,993 26,993 4 1 37,941 77 77 38,018 12 4 9,760 9,760 14,484 3,073 1,215 1,858 1,674 2,428,626 20,384 107,760 26,087 84,635 38,378 277,244 2,705,870 UniCredit Bank · Translation of 2018 Annual Report 351 Financial Statements of the Bank and the Group Risk Report Financial Derivatives The Bank classifies its derivatives transactions into interest rate contracts, foreign exchange contracts, securities related transactions and credit and other derivatives based on the underlying financial instrument. UniCredit Leasing d.o.o. does not conclude any financial derivatives transaction. In all the categories, a distinction is made between over-the-counter (OTC) and exchange traded products. Most of the derivatives portfolio is composed of OTC derivatives. The Bank is a business partner in plain-vanilla and structured transactions for corporate customers and promptly closes risk positions which could lead to a breach of available market risk limits. The Bank also uses derivatives for asset and liabilities management. For portfolio management and risk management purposes, contracts are valued at current prices using recognized and tested models. Market values show the contract values as of the balance sheet date where positive market values of OTC contracts indicate the current default risk arising from the relevant activity. Notional volume of derivative transactions as of 31 December 2018 EUR ’000 Derivative instrument types/Underlyings Notional Positive market value Negative market value Trading book Bank book Trading book Bank book Trading book Bank book 749,857 1,217,405 7,251 9,703 7,894 4,948 1. Debt securities and interest rate indexes a) Options 24,891 - 68 - 67 - b) Swaps 723,331 1,217,405 7,183 9,703 7,827 4,948 c) Forwards d) Futures e) Others 2. Equity instruments and stock indexes a) Options 3. Gold and currencies a) Options b) Swaps - - - - - - 1,634 - - - - - - - - - - - - - - - - - - - - - - - 155,403 154.504 1.282 1.001 1.234 18.174 - - - - - - 123,812 154.504 1.172 1.001 774 18.174 c) Forwards 31,591 - 110 - 460 - 4. Commodities 1,547 - 86 - 86 - - - - - - - 906,807 1.371.909 8.618 10.704 9.214 23.122 5. Other underlyings Total 352 Translation of 2018 Annual Report · UniCredit Bank Notional volume of derivative transactions as of 31 December 2017 EUR ’000 Derivative instrument types/Underlyings 1. Debt securities and interest rate indexes Notional Positive market value Negative market value Trading book Bank book Trading book Bank book Trading book Bank book 659,355 876,257 5,735 9,293 5,905 762 a) Options 16,126 - 70 - 68 - b) Swaps 643,229 876,257 5,664 9,293 5,837 762 - - - - - - c) Forwards d) Futures - - - - - - e) Others - - - - - - - - - - - - 2. Equity instruments and stock indexes a) Options 3. Gold and currencies a) Options - - - - - - 261,654 159,290 1,139 2,041 1,073 18,494 - - - - - - b) Swaps 159,676 159,290 211 2,041 942 18,494 c) Forwards 101,978 - 928 - 131 - 850 - 53 - 53 - - - - - - - 921,859 1,035,547 6,927 11,334 7,031 19,256 4. Commodities 5. Other underlyings Total Liquidity Risk Liquidity risk is the risk that the Group/Bank is unable to meet its payment obligations associated with its financial liabilities when they fall due or to replace funds when they are withdrawn. The consequence may be the failure to meet obligations to repay depositors and fulfil commitments to lend. This type of risk is inherent in the banking operations and can be triggered by institution-specific events like a rating downgrade or market-wide events such as system outage or capital and money market disruptions. The Group considers liquidity risk as a central risk in banking business and manages it in a comprehensive and structured manner. Procedures, responsibilities and reporting lines in this area have been laid down in the liquidity policy and include a contingency plan in the event of liquidity crisis. The Group mitigates liquidity risks through: • Accurate short-term and medium- to long-term liquidity planning, complemented by regular and robust up to date liquidity stress testing; • Effective Contingency Liquidity Policy with feasible and up-to-date Contingency Action Plan to be executed in case of market crisis; • Substantial liquidity buffer to face unexpected outflows; The two main components of the Group’s liquidity risk management are short-term liquidity and structural liquidity management. Both include scenario analysis and stress testing aspects in addition to regular position monitoring and management activities. Short-term liquidity Under the short-term component of liquidity risk management, the Group considers aspects of intraday liquidity and day-to-day funding needs of the Group. The first focuses on ensuring access to sufficient intraday liquidity to meet any obligations the Group may have to clearing and settlement systems and includes monitoring of major currency payment flows and payment system collateral in real time. Day-to-day funding is managed by active participation in the interbank market in line with arising funding needs and developments identified in the monthly funding plan. Daily monitoring of short-term liquidity gaps ensures that on any day there is a limited amount of refinancing required. For the purpose of short-term liquidity management, volume limits for maturities of up to three months are in place and monitored on a daily basis. Volume limits are established on an aggregated level as well as for separate major currencies in order to limit the risk of a need for followup funding in the event that foreign currency markets dry up. UniCredit Bank · Translation of 2018 Annual Report 353 Financial Statements of the Bank and the Group Risk Report Liquidity coverage ratio (LCR) is the main metric for assessing and monitoring the adequacy of the Group’s stock of high quality liquid assets (HQLA) under stress for a short-term horizon of up to 30 days. LCR is included in the Group’s risk appetite framework (RAF) as a Pillar 1 key performance indicator for short-term liquidity. LCR is also a primary liquidity recovery indicator in the Group’s recovery and resolution plan. Development of LCR is monitored weekly. Monthly analysis of LCR dynamics is reported to local ALCO. Structural Liquidity Structural liquidity management is a complement to the short-term liquidity framework and focuses on medium-term and long-term liquidity management. It covers an extended time horizon starting with items maturing in 1 year up to the final maturities of the Group’s long-term assets and liabilities and takes account of maturity, currency and concentration. Structural mismatches are minimized by actively managing structural currency exposures, which limits the Group’s sensitivity to swap market disruptions. Net stable funding ratio (NSFR) is the main metric for monitoring structural liquidity of the Group. In addition to the NSFR ratio prescribed by the CRR Directive (Regulation (EU) 575/2013), the Group also monitors the adjusted NSFR for balance sheet items maturing above 3 years and adjusted NSFR for balance sheet items maturing above 5 years. NSFR is classified as a Pillar 1 key performance indicator for structural liquidity in the Group’s RAF and is included as a primary recovery indicator in the Group’s recovery and resolution plan. NSFR is monitored weekly. Adjusted NSFR ratios for maturities above 3 years and 5 years are monitored monthly. Evolution of the Group’s structural liquidity position as well as all 3 NSFR metrics are reported to local ALCO. Stress Testing To ensure business continuity during periods of adverse developments, the Bank runs liquidity stress tests under several different scenarios. The main scenario is defined as a combination of a general negative development in the market environment (market crisis) and a name-driven crisis specific for UniCredit Bank (name--crisis scenario). The time frame for the stress test is 1 year. Stress test results are monitored weekly and regularly presented and discussed on ALCO. By securing an appropriate level of funding resources the Bank ensures that its potential refinancing capacities at all times exceed the funding needs projected within defined scenarios. Funding Plan The Funding Plan is prepared on a yearly basis in order to establish the extent of the Group’s funding needs in the upcoming year. The Funding Plan encompasses additional funding measures needed to support business growth as well as measures aiming at replacing funding sources maturing within the next year. The ultimate aim of the Funding plan is to ensure that the funding structure of the Group is well diversified both in terms of maturity profiles and sources of funding. The timely execution of the Funding Plan is monitored continuously as part of the monitoring process of development of assets and liabilities. Contingency Liquidity Policy Liquidity crisis is a high impact, low probability event. If the liquidity crisis was to occur, it is essential for the Group to act on time to minimize potentially disruptive consequences of the crisis. Contingency liquidity policy has an objective of ensuring the availability of effective organizational model in order to manage the negative effects of a liquidity crisis. It governs the management of potential liquidity shocks to the Group whenever they may arise. A fundamental part of the Contingency Liquidity Policy is the Contingency Funding Plan. The Contingency Funding Plan consists of a set of specific management actions together with a description of liquidity instruments at disposal in a crisis situation. Each contingency funding instrument contains an estimated volume, time to execute, and the impact on key liquidity indicators under stress. Year-end Assessment of Liquidity The Bank has maintained a strong liquidity profile throughout 2018. The Group manages maturity mismatches by maintaining an adequate liquidity reserve in the form of ECB eligible loans and securities. 354 Translation of 2018 Annual Report · UniCredit Bank The Group’s disclosure on asset encumbrance as of 31 December 2018 EUR ’000 Assets Assets of the reporting institution Carrying amount of encumbered assets Fair value of encumbered assets 337,947 Carrying amount of unencumbered assets Fair value of unencumbered assets 2,369,892 Loans on demand - Equity instruments - - 24,376 24,376 77,117 77,117 308,301 308,301 Debt securities Loans and advances other than loans on demand Other assets 222,830 260,830 1,748,578 - 65,808 Encumbered assets/collateral received and associated liabilities Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered 241,950 337,947 EUR ’000 Carrying amount of selected financial liabilities Other sources of encumbrance - - Total sources of encumbrance 241,950 337,947 Carrying amount of unencumbered assets Fair value of unencumbered assets The Group’s disclosure on asset encumbrance as of 31 December 2017 EUR ’000 Assets Assets of the reporting institution Loans on demand Equity instruments Debt securities Loans and advances other than loans on demand Other assets Carrying amount of encumbered assets Fair value of encumbered assets 277.501 2.482.184 - 401.617 - - 24.037 24.037 68.340 68.340 311.968 311.968 209.161 1.689.176 - 55.387 Encumbered assets/collateral received and associated liabilities Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered 244,000 277,501 EUR ’000 Carrying amount of selected financial liabilities Other sources of encumbrance - - Total sources of encumbrance 244,000 277,501 UniCredit Bank · Translation of 2018 Annual Report 355 Financial Statements of the Bank and the Group Risk Report The Bank’s disclosure on asset encumbrance as of 31 December 2018 EUR ’000 Assets Carrying amount of encumbered assets Assets of the reporting institution Fair value of encumbered assets 337,947 Carrying amount of unencumbered assets Fair value of unencumbered assets 2,317,555 Loans on demand - Equity instruments - - 24,376 24,376 77,117 77,117 308,301 308,301 Debt securities Loans and advances other than loans on demand Other assets 222,830 260,830 1,706,497 - 55,551 Encumbered assets/collateral received and associated liabilities Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered 241,950 337,947 EUR ’000 Carrying amount of selected financial liabilities Other sources of encumbrance - - Total sources of encumbrance 241,950 337,947 Carrying amount of unencumbered assets Fair value of unencumbered assets The Bank’s disclosure on asset encumbrance as of 31 December 2017 EUR ’000 Assets Carrying amount of encumbered assets Assets of the reporting institution Loans on demand Equity instruments Debt securities Loans and advances other than loans on demand Other assets Fair value of encumbered assets 277.501 2.428.370 - 401.617 - - 24.037 24.037 68.340 68.340 311.968 311.968 209.161 1.643.621 - 47.128 Encumbered assets/collateral received and associated liabilities Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered 244,000 277,501 EUR ’000 Carrying amount of selected financial liabilities Other sources of encumbrance - - Total sources of encumbrance 244,000 277,501 356 Translation of 2018 Annual Report · UniCredit Bank The Group’s Balance sheet, due to maturity on 31 December 2018 EUR ’000 Content Cash, cash balances with the Central Bank and demand deposits to banks Total On demand 238,422 238,422 Financial assets held for trading 8,620 Non-trading financial assets mandatorily at fair value through profit or loss 4,125 Financial assets at fair value through other comprehensive income Up to 1 month 1-3 months 3 - 12 months 1-5 years Over 5 years 182 393 1,071 1,267 5,707 221 2,473 1,431 445,105 485 18,286 5,417 186,538 234,379 2,185,807 109,828 94,131 348,372 932,405 701,071 37,636 37,146 262 228 2,145,421 69,932 93,869 348,144 932,405 701,071 2,750 2,750 4,344 6,332 424 72 352 Tangible assets 6,601 1,373 5,228 Property, plant and equipment 5,228 Investment property 1,373 Financial assets at amortised cost Loans to banks Loans to non-bank customers Advances Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk 10,704 28 Investments in subsidiaries, associates and joint ventures Intangible assets Tax assets 5,228 1,373 14,870 14,870 4,993 1,426 Current tax assets 1,426 1,426 Deferred tax assets 3,567 Other assets Total assets (1) 2,923,627 9,216 Financial liabilities designated at fair value through profit or loss 1,282 Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Provisions Tax liabilities Current tax liabilities Deferred tax liabilities 3,567 3,956 Financial liabilities held for trading 2,373,498 3,567 238,422 2,467 1,043 126 290 30 112,962 113,881 356,633 1,132,329 969,400 194 371 1,036 1,402 6,213 1,282 1,424,705 170,220 38,148 361,900 324,113 45,000 54,412 106,879 7,092 9,524 164 45,099 1,920,871 1,417,613 144,772 37,983 303,118 16,740 645 1 7,512 262,373 53,767 14,421 4,268 323,653 22,095 15,924 23,122 3,888 20,536 6,171 4,433 3,606 28 378 282 3,306 10,398 2,167 550 295 1,872 295 295 1,872 5,876 1,872 Other liabilites 3,506 Share capital 20,384 20,384 107,760 107,760 Share premium 47 494 1,016 906 1,043 Fair value reserves 16,319 16,319 Reserves from profit 100,394 100,394 Retained earnings including profit/loss from current year Total liabilities and equity (2) Inconsistency (1)-(2) 26,680 4,106 22,574 2,708,752 1,424,733 174,445 43,996 371,659 354,676 339,243 214,875 (1,186,311) (61,483) 69,885 (15,026) 777,653 630,157 Note: Non-discounted items of the Bank's Statement of financial position are displayed in the table UniCredit Bank · Translation of 2018 Annual Report 357 Financial Statements of the Bank and the Group Risk Report The Group’s Balance sheet, due to maturity on 31 December 2017 EUR ’000 Content Cash, cash balances with the Central Bank and demand deposits to banks Financial assets held for trading Available-for-sale financial assets Derivatives - hedge accounting Loans and receivables To banks To customers Other financial assets Held-to-maturity financial assets Fair value changes of the hedged items in portfolio interest rate risk Property, plant and equipment Investment property Intangible assets Investments in subsidiaries, associates and joint ventures Tax assets Current tax assets Deferred tax assets Other assets Total assets (1) Financial liabilities held for trading Derivatives - hedge accounting Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities Total On demand 412,510 412,510 Up to 1 month 1-3 months 3 - 12 months 1-5 years Over 5 years 6,932 650 224 315 1,758 3,985 444,238 480 2,772 10,710 166,105 264,171 11,334 - - 273 4,328 6,733 2,070,199 96,760 92,082 299,191 904,779 677,387 41,076 26,621 14,033 422 - - 2,022,144 63,161 78,049 298,769 904,778 677,387 6,979 6,978 7,263 1 7,263 (2,418) (2,418) 5,550 5,550 1,419 1,419 15,755 15,755 3,644 3,644 3,644 3,644 2,023 2,978,449 1,897 412,510 7,075 99,787 701 19,256 126 102,341 310,489 210 253 4,978 1,082,033 971,289 1,974 3,937 13,815 463 8,115 2,422,048 1,326,297 279,706 55,047 291,418 461,465 145,002 3,572 15,160 162 36,108 90,000 1,953,329 1,322,725 238,205 52,473 244,384 94,539 1,003 298,223 847 2,412 10,926 276,926 7,112 25,494 25,494 14,484 1,127 4,958 Fair value changes of the hedged items in portfolio interest rate risk Provisions 2,245 5,967 3,465 1,607 1,858 Current tax liabilities 1,607 1,607 Deferred tax liabilities 1,858 Tax liabilities Other liabilities Share capital Share premium 187 1,858 3,132 2,670 462 20,384 20,384 107,760 107,760 Fair value reserves 26,087 26,087 Reserves from profit 102,500 102,500 Retained earnings including profit/loss from current year Total liabilities and equity (2) Inconsistency (1)-(2) 36,272 36,235 37 2,762,463 1,326,297 284,204 60,422 331,758 485,116 274,666 215,986 (913,787) (184,417) 41,919 (21,269) 596,917 696,623 Note: Non-discounted items of the Bank's Statement of financial position are displayed in the table. 358 Translation of 2018 Annual Report · UniCredit Bank The Bank’s Balance sheet, due to maturity on 31 December 2018 EUR ’000 Content Cash, cash balances with the Central Bank and demand deposits to banks Total On demand 238,422 238,422 Financial assets held for trading 8,620 Non-trading financial assets mandatorily at fair value through profit or loss 4,125 Financial assets at fair value through other comprehensive income Financial assets at amortised cost Loans to banks Loans to non-bank customers Advances Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Investments in subsidiaries, associates and joint ventures Up to 1 month 1-3 months 3 - 12 months 1-5 years Over 5 years 182 393 1,071 1,267 5,707 221 2,473 1,431 445,105 485 18,286 5,417 186,538 234,379 2,128,668 98,082 81,172 452,911 805,108 691,395 37,636 37,146 262 228 2,088,418 58,322 80,910 452,683 805,108 691,395 2,614 2,614 4,344 6,332 72 352 10,704 28 424 1 1 Tangible assets 2,849 2,849 Property, plant and equipment 2,849 2,849 Investment property Intangible assets Tax assets Current tax assets 14,549 14,549 1,426 1,426 1,426 1,426 Deferred tax assets Other assets Total assets (1) 1,388 2,856,281 Financial liabilities held for trading 9,216 Financial liabilities designated at fair value through profit or loss 1,282 Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities Derivatives - hedge accounting Fair value changes of the hedged items in portfolio interest rate risk Provisions Tax liabilities 238,422 152 1,043 126 37 30 98,901 100,922 461,172 999,839 957,025 194 371 1,036 1,402 6,213 1,282 2,341,227 1,427,376 168,207 38,147 354,876 302,497 106,879 7,092 9,524 164 45,099 45,000 1,923,541 1,420,284 144,771 37,983 303,118 16,740 645 488 240,757 49,479 14,421 4,268 290,724 20,083 13,912 23,122 20,517 6,171 4,433 3,888 3,606 28 378 50,124 282 550 3,306 1,872 10,379 5,876 1,872 Current tax liabilities Deferred tax liabilities 1,872 1,872 Other liabilites 2,244 Share capital 20,384 20,384 Share premium 46 36 345 774 1,043 107,760 107,760 Fair value reserves 16,319 16,319 Reserves from profit 84,635 84,635 Retained earnings including profit/loss from current year 22,360 Total liabilities and equity (2) Inconsistency (1)-(2) 4,106 18,254 2,654,826 1,427,404 172,431 43,537 363,669 332,909 314,876 201,455 (1,188,982) (73,530) 57,385 97,503 666,930 642,149 Note: Non-discounted items of the Bank's Statement of financial position are displayed in the table. UniCredit Bank · Translation of 2018 Annual Report 359 Financial Statements of the Bank and the Group Risk Report The Bank’s Balance sheet, due to maturity on 31 December 2017 EUR ’000 Content Cash, cash balances with the Central Bank and demand deposits to banks Financial assets held for trading Available-for-sale financial assets Derivatives - hedge accounting Loans and receivables To banks To customers Other financial assets Held-to-maturity financial assets Fair value changes of the hedged items in portfolio interest rate risk Property, plant and equipment Investment property Intangible assets Investments in subsidiaries, associates and joint ventures Total On demand 412,510 412,510 Up to 1 month 1-3 months 3 - 12 months 1-5 years Over 5 years 6,932 650 224 315 1,758 3,985 444,238 480 2,772 10,710 166,105 264,171 273 4,328 6,733 96,635 82,527 258,301 915,212 662,233 915,211 662,233 11,334 2,014,908 41,076 26,621 14,033 422 1,969,578 65,761 68,494 257,879 4,254 4,253 7,263 1 7,263 (2,418) (2,418) 3,629 3,629 15,458 15,458 1 1 Tax assets Current tax assets Deferred tax assets Other assets Total assets (1) Financial liabilities held for trading Derivatives - hedge accounting Financial liabilities measured at amortised cost Deposits from banks and central banks Deposits from customers Loans from banks and central banks Other financial liabilities 1,254 2,915,109 1,128 412,510 7,075 98,893 701 19,256 126 92,786 269,599 210 253 4,978 1,087,403 953,918 1,974 3,937 13,815 463 1,161 2,384,226 1,333,052 277,727 51,036 286,844 434,406 145,002 3,572 15,160 162 36,108 90,000 1,958,483 1,329,480 238,205 50,872 244,384 94,539 1,003 2 6,352 249,867 158 4,958 256,379 24,362 24,362 14,484 1,127 Fair value changes of the hedged items in portfolio interest rate risk Provisions 2,245 5,967 3,073 1,215 1,858 Current tax liabilities 1,215 1,215 Deferred tax liabilities 1,858 Tax liabilities Other liabilities Share capital Share premium 187 1,858 1,674 1,212 462 20,384 20,384 107,760 107,760 Fair value reserves 26,087 26,087 Reserves from profit 84,635 84,635 Retained earnings including profit/loss from current year 38,378 Total liabilities and equity (2) Inconsistency (1)-(2) 38,341 37 2,707,032 1,333,052 280,767 56,411 328,898 458,057 249,847 208,077 (920,542) (181,874) 36,375 (59,299) 629,346 704,071 Note: Non-discounted items of the Bank's Statement of financial position are displayed in the table. 360 Translation of 2018 Annual Report · UniCredit Bank IFRS 13 disclosure In continuation, we provide the fair value (IFRS 13) disclosure requirements regarding accounting financial instruments portfolios not measured at fair value. Fair value (IFRS 13) disclosure requirements regarding the accounting of financial instruments portfolios not measured at fair value EUR '000 Content Fair value (Level 2) 2018 Fair value (Level 3) 2018 Book value 2017 238,422 - 238,422 - - - Book value 2018 Fair value (Level 2) 2017 Fair value (Level 3) 2017 412,560 - 412,560 7,202 7,069 - Assets Cash and cash balances Held-to-maturity investments 37,637 10,198 27,452 40,994 20,620 20,361 Loans and receivables with customers Loans and receivables with banks 1,897,723 994,609 931,964 1,676,081 608,145 1,183,750 Total 2,173,782 1,004,807 1,197,838 2,136,837 635,834 1,616,671 - - - - - - Liabilities Deposits from central banks Subordinated liabilities Deposits from banks Deposits from customers Debt securities in issue Total - - - - - - 106,696 - 103,178 144,796 144,221 2,741 1,922,621 - 1,859,222 1,957,540 445,522 1,513,333 - - - - - - 2,029,317 - 1,962,400 2,102,336 589,743 1,516,074 Financial instruments not carried at fair value are not managed on a fair value basis. For these instruments, fair values are calculated for disclosure purposes only and do not impact the balance sheet or the profit or loss. The fair value calculation is coherent with the Discounted Cash Flows methodologies for the estimation of the present value of financial instruments subject to default risk. The cash flows riskiness is taken into account by applying weights to the discount factors so as to consider credit and time value in the spread calculation, which is, in turn, the function of the expected and unexpected loss. Fair value is calculated on an individual balance sheet item level. Estimated full fair value consists of a risk free component and a credit risk component. Risk-free component is estimated using observable market interest rates, whereas the credit risk component is estimated using internal models (non-observable valuation inputs). The final allocation of balance sheet items to fair value hierarchy levels depends on the proportion of the full fair value that is attributable to non-observable valuation inputs. As long as the contribution of non-observable valuation inputs to the full fair value of balance sheet items is below 5%, the items are classified as level 2, otherwise they are classified as level 3. * Level 2: Fair value is determined using the valuation models, which are based primarily on market data. Level 2 includes also financial assets whose fair value is based on the quoted price for an identical instrument, but for which there is no active market. ** Level 3: Fair value is determined using the valuation models based primarily on unobservable inputs. An input qualifies as an observable input if it is directly observable as a market price or may be derived from an observable price. The examples of Level 3 inputs are historical volatility or interest rates for currencies and maturities for which there are no observable financial instruments. If the value of a financial instrument is based on non-observable inputs, the value of these inputs at the end of the reporting period may be selected from a range of reasonable possible alternatives. For the purpose of preparing financial statements, the reasonable values selected for such non-observable inputs are in line with prevailing market conditions and the Bank’s valuation verification approach. Operational Risk Operational risk framework Operational risk is the risk of direct or indirect loss arising from a wide variety of causes associated with internal processes, personnel, technology and infrastructure or caused by external factors other than credit, market and liquidity risk. This definition also includes legal and compliance risk but excludes strategic and reputational risk. To monitor, mitigate and control the operational risk, the Bank has established a consistent, value-added framework as a combination of policies and procedures for controlling, measuring and mitigating operational risk and the overall effectiveness of internal control environment. The Bank UniCredit Bank · Translation of 2018 Annual Report 361 Financial Statements of the Bank and the Group Risk Report focuses on proactive identification and mitigation of operational risk and related incidents. The goal is to keep operational risk at appropriate levels, considering the Bank’s financial strength, characteristics of its businesses, markets where it operates, and competitive and regulatory environment to which it is subject. Key topics are transparency of information, escalation of key issues and accountability for issue resolution. The Bank’s approach to operational risk management is intended to mitigate such losses by supplementing traditional control-based approaches to operational risk with risk measures, tools and disciplines that are risk-specific, consistently applied and utilized. Spread of culture that is aware of operational risk is an essential tool to mitigate the risk and reduce actual losses. Since July 2015, when the Bank received the "Decision on authorization for the qualified investments in the company UniCredit Leasing d.o.o." from the Bank of Slovenia, the Bank has been a 100-percent owner of the company UniCredit Leasing Slovenija d.o.o. This resulted in set up of joint framework for assessing and managing operational risk and the overall effectiveness of internal control environment for the Group. Operational risk governance system The entire organization and distribution of competencies and responsibilities in the area of operational risk management from the point of view of assessment/measurement, monitoring and controlling of operational risk in the Group is defined in the way that enables and ensures timely recording and reporting of occurred operational risk events, timely introduction of measures in order to prevent the occurrence of loss events and effective monitoring and controlling of operational risk. The Bank’s Management Board is responsible for effective overview and understanding of the exposure to operational risk. The Bank’s Management Board and senior management are also responsible for verifying that the operational risk measurement and control system is closely integrated in the day-to-day risk management process of the Group. At UniCredit Banka Slovenija d.d., the entity responsible for taking decisions on operational risk topics is the Operational Risk Committee (OpRisk Committee). Within the Committee, the following topics are reported and discussed: risk exposure, mitigation actions, measuring and control methodologies and all analyses done on operational risk. The Committee is responsible for ensuring consistency in operational risk policies, proposing interventions according to risks/scenarios reported results, recommending insurance policies where applicable. Based on operational risk reporting, the operational risk control procedures are proposed and monitored by the members of the OpRisk Committee. At the level of the parent group UniCredit, the Operational & Reputational Risk Committee is held on a quarterly basis. The parent group’s Operational & Reputational Risks Committee meets with consulting and suggestion functions for the following topics: parent group risk appetite including capitalization targets and capital allocation criteria; initial approval and fundamental modifications of risk control and measurement systems for operational risk, including possible action plans, processes, IT and data quality requirements; overall strategies for operational risk optimization; action plans to address possible critical findings related to risk control and measurement systems resulting from the parent group Internal Validation and Internal Audit activities, with regard to the internal control system and risk measurement; ICAAP topics on operational risks. The parent group’s Operational & Reputational Risks Committee meets with approval function for the following topics: special operational and reputational risk policies; corrective actions for balancing the parent group’s operational risk positions; the parent group insurance strategies; approval and following fundamental modifications of the methodologies for the measurement and control of operational risk. The new organizational structure of the Group Operational and Reputational Department has become effective as of the end of October 2016. The new organization follows the inclusion of Italian perimeter and the direct coordination of the CEE Legal entities in the Department. The coordination of all Legal entities, including CEE banks, from methodological point of view is covered by parent group Operational & Reputational Risk Oversight unit. The unit is responsible for defining the principles and rules for identification, assessment and control of operational risk and reputational risk (including operational risk bordering on credit risk and market risk and ICT risks), and monitoring their correct application by the CEE Legal entities. The Operational Risk unit is independently organized and incorporated within the Risk Management division, working in close cooperation with the operational risk managers from business divisions and staff functions. The Operational Risk team ensures regular control of operational risk and is responsible for the identification, assessment, monitoring and mitigation/control of operational risk. The Team is also involved in the new product implementation process. Operational risk managers are responsible for taking measures to reduce, prevent, or consider insurance against risks. The regular Manager’s Day workshop is organized by the Operational Risk unit to discuss important topics with the operational risk managers and maintain the level of knowledge and awareness related to the management of operational risk. Operational risk measurement system The Bank has been using the Advanced Measurement Approach (AMA) for measuring and calculating capital requirement for operational risk since September 2009. An enhanced version of the risk capital model for operational risk has been developed at the parent group level and implemented also in our Bank. The model uses a combination of internal and external data and analyses of scenarios and factors which reflect business environment and internal controls. 362 Translation of 2018 Annual Report · UniCredit Bank The Group’s operational risk framework is supported by the Application for Risk Gauging Online (ARGO), the parent group’s designed operational risk software tool. ARGO integrates the individual components of the operational risk management framework into a unified, web-based tool. ARGO enhances the capture, reporting and analysis of operational risk data by enabling risk identification, measurement, monitoring, reporting and analysis to be done in an integrated manner, thereby enabling efficiencies in the Group’s monitoring and management of its operational risk. A network of independent functions and teams is involved in managing and controlling risks, providing the Management Board with sufficient information on the risk situation and enabling the Management Board to manage risk. As a new body in 2012, the Permanent Workgroup concept (PWG) was set up within the Operational Risk Committee, which provides timely monitoring of risk mitigation actions and escalating any criticalities to the appropriate level of management. The purpose of quarterly reports prepared by the Permanent Workgroup is to enable management to maintain operational risk at appropriate levels within each line of business, to escalate issues and to monitor regularly mitigation actions. The system for assessment and measurement of operational risk is based on four key elements: collecting and analysing internal operational risk events, external operational risk events, annual analysis of operational risk scenarios and regular monitoring of risk factors/indicators. Internal operational risk events Regular monitoring of operational risk indicatiors System for measurement of operational risk External operational risk events Operational risk scenarios To manage operational risk, our Bank maintains a series of policies and procedures for its measurement, control and mitigation. In accordance with the Group operational risk framework, we identify and assess the risks inherent to all our material products, activities, processes and systems. This is a regular process of monitoring risk profiles, material risk exposure, and risk mitigation strategies. In line with the strategy of our Transform 2019 plan to reduce operational risk, in 2018 we established several risk indicators which can help our Bank to develop stronger control processes and identify potential areas of weakness. Business Continuity Plan In 2018, the Bank continued with the business continuity plan, in line with the new Emergency and Crisis Management Plan and the parent group policy. The business continuity plan includes a set of documents that define organizational solutions for restoring the operational capability to a predefined level, with the aim to minimize or to avoid losses of the Bank due to disruptions. Regarding the testing of solutions, the plan also describes types and frequencies of tests to be performed. Solutions are defined based on the performed Business Impact Analyses as well as an assessment of vulnerability, historical data and other available information to the process owner and BC&CM manager. UniCredit Bank · Translation of 2018 Annual Report 363 Financial Statements of the Bank and the Group Risk Report Business Continuity Plan considers the following six crisis scenarios: • Unavailability of building, • Unavailability of personnel, • Unavailability of IT systems, • Unavailability of utilities, • Unavailability of critical documentation and • Unavailability of relevant counterparties and critical suppliers. Internal Loss Data Collection Internal loss data has been collected since 2002 and has helped to: • Spread the awareness of operational risk throughout the Bank; • Build experience in the operational risk concept and tools; • Achieve a deeper understanding of the embedded risk in the business process. Internal Loss Data are collected and processed in close coordination and cooperation with other departments and units. The minimum threshold at which an event is recorded is 100 euros of actual loss or 10,000 euros of potential loss. Any losses below these thresholds are not collected. The operational risk events are allocated in line with operational risk standards to the following seven categories: • Internal fraud; • External fraud; • Employment practices and workplace safety; • Clients, products and business practices; • Damage to physical assets; • Business disruption and system failures; • Execution, delivery and process management. 7. Execution, delivery and process management 1. Internal fraud 2. External fraud 7 operational risk categories 6. Business disruption and system failures 5. Damage to physical assets 3. Employment practices and workplace safety 4. Clients, products and business practices Operational risk losses are regularly reconciled with the Group’s Profit and Loss Statement to ensure completeness of the collected operational risk losses. 364 Translation of 2018 Annual Report · UniCredit Bank (5,015,600) (3,000,000) (4,000,000) (153,851) (145,774) (222) (5,303) 0 0 0 0 (2,000,000) (1,920,797) (1,000,000) 2018 2017 (56,038) (82,900) 0 0 0 Share of net operational risk losses by event type categories (in EUR) (5,000,000) (6,000,000) Internal fraud External fraud Employment practices and workplaces safety Clients, products and business practices Damage to physical assets Business distruption Execution, delivery and system failures and process management The Group must consider the fact that it always takes numerous measures to manage and reduce operational risk. Implementation of mitigation measures is constantly monitored and new measures are proposed. Key Risk Indicators (KRI) Risk indicators are numerical variables whose trend is linked to the processes’ operational risk exposure. Risk indicators are measurable data reflecting the exposure to operational risk: the value of an indicator should correlate with changes in risk levels. Monitoring operational risk using indicators will give early warning signals to the Operational Risk Team, process owners and persons directly in charge of the risk management. The selection process of indicators involves the Operational Risk Management function and process owners and is based on internal loss data, external data, scenario analysis, experts’ suggestion of processes and internal audit, business environment and internal control factors. Scenario Analysis The goal of scenario analysis is to assess the Group’s operational risk exposure to high impact and low probability events. The scenarios are defined by analysing internal losses, external events deemed relevant, trends of key operational risk indicators, processes, products and event types. The experience of process managers and operational risk managers as well as suggestions from internal audit and the senior management is taken into consideration. Results, in terms of worst case scenarios, critical processes, mitigation proposals or impacts on capital at risk are described in specific scenario reports. Internal Validation The Group uses internal validation process and supporting architecture as a dynamic risk management tool. The main objective of the internal validation is to assess the overall soundness and the effectiveness of the Operational Risk Management System as well as compliance with regulations and standards of the parent group UniCredit and the Supervisory requirements for using the AMA. The methodologies of the parent group UniCredit for measuring and allocating the capital at risk and the IT system are validated at the parent group level. The goal of the internal validation process is to identify the key operational risks specific to our environment and assess the degree to which it maintains appropriate controls. Action plans are developed for control issues identified, and business units are held accountable for tracking and resolving these issues on a timely basis. UniCredit Bank · Translation of 2018 Annual Report 365 Financial Statements of the Bank and the Group Risk Report Legal and Compliance Risks Banks are highly regulated financial institutions and constantly supervised by competent authorities as they cause as well as bear systemic risk. The Bank, in its course of business, is exposed to the legal risk and compliance risk. The legal risk encompasses risks of loss of earnings arising from violations or non-compliance with laws, by-laws, rules, regulations, agreements, prescribed practices, or ethical standards. On the other hand, the compliance risk is the risk of financial loss, risk of loss of reputation or the occurrence of certain regulatory measures or sanctions caused by the bank’s actions that are non-compliant with legislation, other external or internal by-laws and relevant business standards and good-practices. Our objective is to identify, manage, monitor and mitigate legal and compliance risks the Bank is exposed to. We seek to actively mitigate these risks by identifying them, setting adequate standards and procedures for their management as well as ensuring compliance through proactive monitoring. The legal and compliance risk management policy is implemented through the identification and ongoing review of areas where the legal risk is identified. Responsibility for the development of procedures for management and mitigation of these risks are clearly defined and adequate monitoring procedures are in place, taking into account the required standards. Legal and compliance risks cannot be entirely eliminated or avoided, and they are hardly predictable. In addition to the Legal Office, the Bank has fully established the Compliance function which, in addition to the regular assessment of compliance risk, manages also the system of second level management controls, by which the Bank actively manages the compliance risk. Moreover, the Bank has also implemented the system of conflict of interests control, whistleblowing and anti-corruption measures. Business Risk Business risk is defined as adverse, unexpected change in scope of business and/or margins that cannot be attributed to other risk types, resulting in fluctuations of revenues and costs, not considering extraordinary items. The changes in business volume result from unexpected development of market trend, unexpected customer behaviour, new market participants/products or legal framework. The calculation of business risk is based on an earnings-at-risk model using historical time series of revenues and costs. Business risk measurement thus measures the influence of external factors on decline in profits and effect on market value. As part of the general income and cost management, the operational management of business risk is the responsibility of individual business units. Risks Arising from the Group's Shareholdings and Equity Interests The Group is not actively making long-term investments in shares or equity participations on its own account for realizing short-term trading or long-term substantial value increases. The shareholdings of the Group are closely related to its business (Bank resolution fund, Visa, SWIFT, Bankart, etc.). Real Estate Risk Real estate risk is defined as the potential loss resulting from market value fluctuations of the Group’s real estate portfolio. It does not take into consideration properties held as collateral which are evaluated inside credit risk. The Group does not intentionally invest in real estate itself. The Group has some real estate in possession out of leasing contracts but based on the low volume, we estimate that this risk is not material for the Group. Capital Management Within the Internal Capital Adequacy Assessment Process (ICAAP), the Group focuses on the economic view of matching the economic capital (capital demand) with the risk-taking capacity (shareholder’s equity) in line with the Pillar II of the Basel accord. The economic capital is calculated retrospectively on a quarterly basis, but it is also monitored within the yearly planning process. As both 366 Translation of 2018 Annual Report · UniCredit Bank capital requirement and available capital evolve over time, the Group ensures at any time that on the one side capital requirement − mainly driven by business plans and by risk-profile forecasts in combination with macro-economic scenarios − does not exceed available capital and on the other side the available capital is kept at a level to cover the calculated risks at all times. The Bank’s economic capital reflects the Bank's specific risk profile in a comprehensive and consistent way. Except for liquidity risk, economic capital is calculated using uniform value-at-risk methods across all types of risk which were mentioned in this risk report. A specific factor considered in the required risk capital is business risk, which reflects the influence of external factors such as consumer behaviour or competitive situation on the market value of business divisions or subsidiaries. Unexpected losses over a period of one year are calculated with a confidence level of 99.9 %. The overall responsibility for identification of risks and assessment of risk level is with the ALCO. Besides the economic view, the Group must comply with the Regulation No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (CRR directive) and with the Slovenian legislation. The regulatory capital for credit risk, market risk and operational risk accounts for the capital demand. Consolidated capital adequacy is monitored continuously by the Bank’s Management and filed with the Bank of Slovenia on a quarterly basis. The Bank of Slovenia requires each bank to maintain a ratio of total regulatory capital to the risk weighted asset (the capital adequacy ratio) at or above the internationally agreed minimum of 8 %. The structure of the regulatory capital, capital requirements and capital adequacy ratio for 2018 and 2017 is presented in the tables in continuation. The total Group capital ratio decreased from 18.20 % at the end of 2017 to 17.36 % at the end of 2018. The Tier 1 ratio decreased from 17.97 % at the end of 2017 to 17.14 % at the end of 2018. During the observed period, the Group was constantly in line with the regulatory capital requirements and at the same time even increased the security of its business. The Group's own funds and capital requirements EUR '000 ID Label 1 1.1 31/12/2018 31/12/2017 OWN FUNDS 232,154 217,165 TIER 1 CAPITAL 229,197 214,396 1.1.1 COMMON EQUITY TIER 1 CAPITAL 229,197 214,396 1.1.1.1 Capital instruments eligible as CET1 Capital 128,143 128,143 1.1.1.1.1 Paid up capital instruments 20,384 20,384 1.1.1.1.3 Share premium 107,760 107,760 1.1.1.2 Retained earnings 19,070 17,901 1.1.1.2.1 Previous years retained earnings 19,070 17,901 1.1.1.2.2 Profit or loss eligible 1.1.1.2.2.1 Profit or loss attributable to owners of the parent 1.1.1.2.2.2 1.1.1.3 - - 23,369 36,235 (-) Part of interim or year-end profit not eligible (23,369) (36,235) Accumulated other comprehensive income 12,351 21,368 1.1.1.4 Other reserves 84,635 84,635 1.1.1.9 Adjustments to CET1 due to prudential filters (97) (100) 1.1.1.9.5 (-) Value adjustments due to the requirements for prudent valuation 1.1.1.11 (-) Other intangible assets 1.1.1.12 (-) Deferred tax assets that rely on future profitability and do not arise from temporary differences net of associated tax liabilities 1.1.1.13 (-) IRB shortfall of credit risk adjustments to expected losses 1.1.1.16 (-) Excess of deduction from AT1 items over AT1 Capital 1.1.1.26 Other transitional adjustments to CET1 Capital 1.1.1.28 CET1 capital elements or deductions - other 1.1.2.9 Other transitional adjustments to AT1 Capital 1.1.2.10 Excess of deduction from AT1 items over AT1 Capital (deducted in CET1) 1.2 TIER 2 CAPITAL 1.2.1 Capital instruments and subordinated loans eligible as T2 Capital (97) (100) (14,870) (15,754) - - (14) (8) - (3,152) - (14,489) (21) (4,149) - (3,152) - 3,152 2,957 2,769 - - UniCredit Bank · Translation of 2018 Annual Report 367 Financial Statements of the Bank and the Group Risk Report 1.2.1.1 Paid up capital instruments and subordinated loans - - 1.2.1.1* Memorandum item: Capital instruments and subordinated loans not eligible 1.2.5 IRB Excess of provisions over expected losses eligible 1.2.10 Other transitional adjustments to T2 Capital - (2) 2 TOTAL RISK EXPOSURE AMOUNT 1,336,916 1,192,952 2.1 RISK WEIGHTED EXPOSURE AMOUNTS FOR CREDIT, COUNTERPARTY CREDIT AND DILUTION RISKS AND FREE DELIVERIES 1,237,653 1,089,189 2.1.1 Standardised approach (SA) 744,763 627,396 2.1.1.1 SA exposure classes excluding securitisation positions 744,763 627,396 1.1.1.1.01 Central governments or central banks 9,580 9,109 2.1.1.1.02 Regional governments or local authorities 21,359 24,356 2.1.1.1.03 Public sector entities 36,252 7,827 2.1.1.1.06 Institutions 464 728 2.1.1.1.07 Corporates 158,188 116,260 2.1.1.1.08 Retail 314,658 270,957 2.1.1.1.09 Secured by mortgages on immovable property 153,458 159,083 2.1.1.1.10 Exposures in default 27,798 29,060 1.1.1.1.11 Items associated with particular high risk 13,139 2,360 1.1.1.1.13 Claims on institutions and corporates with a short-term credit assessment 205 293 1.1.1.1.14 Collective investments undertakings (CIU) 3,119 2,858 2.1.1.1.15 Equity - 110 2.1.1.1.16 Other items 6,543 4,395 2.1.2 Internal Ratings-based Approach (IRB) 492,890 461,793 2.1.2.1 IRB approaches when neither own estimates of LGD nor Conversion Factors are used 480,342 452,154 2.1.2.1.02 Institutions 2.1.2.1.03 - - 2,957 2,771 80,171 62,525 Corporates - SME 161,124 152,310 2.1.2.1.05 Corporates - Other 239,047 237,318 2.1.2.3 Equity IRB 4,491 2,844 2.1.2.4 Other non credit-obligation assets 8,057 6,795 2.2 TOTAL RISK EXPOSURE AMOUNT FOR SETTLEMENT/DELIVERY - - 2.3 TOTAL RISK EXPOSURE AMOUNT FOR POSITION, FOREIGN EXCHANGE AND COMMODITIES RISKS 13,036 10,810 2.3.1 Risk exposure amount for position, foreign exchange and commodities risks under standardised approaches (SA) 13,036 10,810 2.3.1.1 Traded debt instruments 13,036 10,810 2.4 TOTAL RISK EXPOSURE AMOUNT FOR OPERATIONAL RISK (OpR ) 86,227 92,953 2.4.2 OpR Standardised (STA) / Alternative Standardised (ASA) approaches 13,312 15,636 2.4.3 OpR Advanced measurement approaches (AMA) 72,915 77,317 2.6 TOTAL RISK EXPOSURE AMOUNT FOR CREDIT VALUATION ADJUSTMENT - - 2.7 TOTAL RISK EXPOSURE AMOUNT RELATED TO LARGE EXPOSURES IN THE TRADING BOOK - - 2.8 OTHER RISK EXPOSURE AMOUNTS - - 3 Surplus(+)/Deficit(-) of total capital 125,201 121,729 3a Total capital ratio 17.36 % 18.20 % 3b T1 Capital ratio 17.14 % 17.97 % Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 368 Translation of 2018 Annual Report · UniCredit Bank The Bank’s own funds and capital requirements EUR '000 ID Label 31/12/2018 31/12/2017 1 OWN FUNDS 215,943 200,391 1.1 TIER 1 CAPITAL 211,822 197,621 1.1.1 COMMON EQUITY TIER 1 CAPITAL 211,822 197,621 1.1.1.1 Capital instruments eligible as CET1 Capital 128,143 128,143 1.1.1.1.1 Paid up capital instruments 1.1.1.1.3 Share premium 20,384 20,384 107,760 107,760 1.1.1.2 Retained earnings 1,746 37 1.1.1.2.1 Previous years retained earnings 1,746 37 1.1.1.2.2 Profit or loss eligible 1.1.1.2.2.1 Profit or loss attributable to owners of the parent 1.1.1.2.2.2 - - 20,614 38,341 (-) Part of interim or year-end profit not eligible (20,614) (38,341) 1.1.1.3 Accumulated other comprehensive income 12,351 21,368 1.1.1.4 Other reserves 84,635 84,635 1.1.1.9 Adjustments to CET1 due to prudential filters (97) (100) 1.1.1.9.5 (-) Value adjustments due to the requirements for prudent valuation (97) (100) (14,549) (15,458) - - (14) (8) 1.1.1.11 (-) Other intangible assets 1.1.1.12 (-) Deferred tax assets that rely on future profitability and do not arise from temporary differences net of associated tax liabilities 1.1.1.13 (-) IRB shortfall of credit risk adjustments to expected losses 1.1.1.16 (-) Excess of deduction from AT1 items over AT1 Capital - (3,092) 1.1.1.26 Other transitional adjustments to CET1 Capital - (17,905) 1.1.1.28 CET1 capital elements or deductions - other (393) - 1.1.2.9 Other transitional adjustments to AT1 Capital - (3,092) 1.1.2.10 Excess of deduction from AT1 items over AT1 Capital (deducted in CET1) - 3,092 1.2 TIER 2 CAPITAL 4,121 2,770 1.2.1 Capital instruments and subordinated loans eligible as T2 Capital - - 1.2.1.1 Paid up capital instruments and subordinated loans - - 1.2.1.1* Memorandum item: Capital instruments and subordinated loans not eligible - - 1.2.5 IRB Excess of provisions over expected losses eligible 4,121 2,771 1.2.10 Other transitional adjustments to T2 Capital - (1) 2 TOTAL RISK EXPOSURE AMOUNT 1,321,170 1,150,398 2.1 RISK WEIGHTED EXPOSURE AMOUNTS FOR CREDIT, COUNTERPARTY CREDIT AND DILUTION RISKS AND FREE DELIVERIES 1,235,219 1,062,271 2.1.1 Standardised approach (SA) 548,463 600,476 2.1.1.1 SA exposure classes excluding securitisation positions 548,463 600,476 1.1.1.1.01 Central governments or central banks - - 2.1.1.1.02 Regional governments or local authorities 21,153 24,073 2.1.1.1.03 Public sector entities 36,252 7,827 2.1.1.1.06 Institutions 464 728 2.1.1.1.07 Corporates 34,313 154,781 2.1.1.1.08 Retail 285,548 239,192 2.1.1.1.09 Secured by mortgages on immovable property 146,890 152,146 2.1.1.1.10 Exposures in default 14,476 16,108 1.1.1.1.11 Items associated with particular high risk 6,043 2,360 1.1.1.1.13 Claims on institutions and corporates with a short-term credit assessment 205 293 UniCredit Bank · Translation of 2018 Annual Report 369 Financial Statements of the Bank and the Group Risk Report 1.1.1.1.14 Collective investments undertakings (CIU) 3,119 2,858 2.1.1.1.15 2.1.1.1.16 Equity - 110 Other items - - 2.1.2 2.1.2.1 Internal Ratings-based Approach (IRB) 686,755 461,795 IRB approaches when neither own estimates of LGD nor Conversion Factors are used 674,207 2.1.2.1.02 Institutions 452,156 80,171 62,525 2.1.2.1.03 2.1.2.1.05 Corporates - SME 161,124 152,310 Corporates - Other 432,912 237,320 2.1.2.3 2.1.2.4 Equity IRB 4,491 2,844 Other non credit-obligation assets 8,057 6,795 2.2 TOTAL RISK EXPOSURE AMOUNT FOR SETTLEMENT/DELIVERY - - 2.3 TOTAL RISK EXPOSURE AMOUNT FOR POSITION, FOREIGN EXCHANGE AND COMMODITIES RISKS 13,036 10,810 2.3.1 Risk exposure amount for position, foreign exchange and commodities risks under standardised approaches (SA) 13,036 10,810 2.3.1.1 Traded debt instruments 13,036 10,810 2.4 TOTAL RISK EXPOSURE AMOUNT FOR OPERATIONAL RISK (OpR ) 72,915 77,317 2.4.2 OpR Standardised (STA) / Alternative Standardised (ASA) approaches - - 2.4.3 OpR Advanced measurement approaches (AMA) 72,915 77,317 2.6 TOTAL RISK EXPOSURE AMOUNT FOR CREDIT VALUATION ADJUSTMENT - - 2.7 TOTAL RISK EXPOSURE AMOUNT RELATED TO LARGE EXPOSURES IN THE TRADING BOOK - 2.8 OTHER RISK EXPOSURE AMOUNTS - - 3 Surplus(+)/Deficit(-) of total capital 110,249 108,359 3a Total capital ratio 16.34 % 17.42 % 3b T1 Capital ratio 16.03 % 17.18 % Stefan Vavti Lea Branecka Damijan Dolinar Alessandro Pontoglio Ivanka Prezhdarova Chairman of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board Member of the Management Board 370 Translation of 2018 Annual Report · UniCredit Bank UniCredit Bank · Translation of 2018 Annual Report 371 Izdajatelj / Publisher: UniCredit Banka Slovenija d.d. Šmartinska 140 SI - 1000 Ljubljana Slovenija The emissions related to the printing and distribution of the 2018 Annual Report and Accounts and the 2018 Integrated Report have been compensated with the support of Officinæ Verdi, which uses Gold Standard credits gained through the development of a landfill gas capture project in China. The Gold Standard is supported by WWF as it is the most rigorous global certification standard for carbon offset projects. unicreditbank.si