Banca Carige S p A Cassa di Risparmio di Genova e Imperia : Title mainConsolidated financial report as at 30 June 2022

HALF-YEAR

CONSOLIDATED

FINANCIAL REPORT

AS AT 30 JUNE

2022

HALF-YEAR CONSOLIDATED FINANCIAL REPORT

BANCA CARIGE AND ITS SUBSIDIARIES

AS AT 30 JUNE 2022

TABLE OF CONTENTS

SCOPE OF CONSOLIDATION	4
BANCA CARIGE'S BOARD OF DIRECTORS, BOARD OF STATUTORY AUDITORS AND	5
INDEPENDENT AUDITORS AS AT 30 JUNE 2022
BANCA CARIGE'S BOARD OF DIRECTORS, BOARD OF STATUTORY AUDITORS AND	6
INDEPENDENT AUDITORS AS AT THE DATE OF APPROVAL
BANCA CARIGE'S CONSOLIDATED FINANCIAL STATEMENTS: SUMMARY INFORMATION	7
INTERIM REPORT ON OPERATIONS	10
Real economy and money market	11
Covid-19: Regulatory measures and initiatives adopted by Banca Carige and its subsidiaries.	13
Strategy		16
Business performance		17
Key events in the reporting period	21
Disposal of branches of business and application of IFRS5	26
Main risks and uncertainties and outlook on operations	27
Related party disclosures		29
Performance of subsidiaries in the reporting period	29
Distribution channels and HR management	29
HALF-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	33
Consolidated Financial Statements	34
-	Consolidated Balance Sheet	35
-	Consolidated Income Statement	36
- Consolidated Statement of Comprehensive Income	37
- Statement of Changes in Consolidated Shareholders' Equity	38
- Consolidated Statement of Cash Flows	40
Explanatory notes		41
-	Accounting policies		41
- Scope and methods of consolidation	56
-	Subsequent events		58
-	Profit & Loss results		59
- Balance sheet items, funding and lending	64
-	Related-party transactions	72
- Treasury shares, statement of cash flows and shareholders' equity	73
-	Risk control		74
-	Segment reporting		88
ANNEXES		91
CERTIFICATION OF THE HALF-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS	96
AT 30 JUNE 2022 PURSUANT TO ARTICLE 81-TER OF CONSOB REGULATION NO. 11971 OF 14
MAY 1999, AS AMENDED
INDEPENDENT AUDITORS' REPORT ON THE HALF-YEAR CONDENSED CONSOLIDATED	98
FINANCIAL STATEMENTS AS AT 30 JUNE 2022
	NOTE	The following conventional signs are used in the tables:
		- when data is nil
		… when data is not significant

1

The terms "Banca Carige's Consolidated Financial Statements", "Consolidated Financial Statements of Banca Carige and its subsidiaries" and "Banca Carige and its subsidiaries" used in this document refer to the scope of the former Banca Carige Group.

2

On 3 June 2022, the parties finalised the sale of the controlling interest in Banca Carige S.p.A. (approximately 80%) held by the Interbank Deposit Protection Fund (FITD) and the Voluntary Intervention Scheme (SVI) to BPER Banca S.p.A. As a result of the sale, Banca Carige S.p.A. is now under the management and coordination of BPER Banca S.p.A. and is a member, along with its subsidiaries, of the BPER Banca Group. The Banca Carige Group has therefore been cancelled from the Banking Groups Register.

These half-year condensed consolidated financial statements, covering the scope of the former Banca Carige Group, continued to be prepared on a consolidated basis because Art. 27 of Legislative Decree 127/1991, which regulates exemptions from the preparation of consolidated financial statements, does require that of subsidiaries that have issued shares admitted for trading on EU or Italian regulated markets.

3

SCOPE OF CONSOLIDATION

4