Banco di Desio e della Brianza S p A : Consolidated Half Past Financial Report at 30 June 2023

Consolidated Half-Year Financial Report at 30 June 2023

Half-Year Financial Report at 30 June 2023 | Page 1

This document is a English courtesy translation of the "Relazione Finanziaria Semestrale Consolidata al 30 giugno 2023" of Banco Desio Group, issued for international readers convenience.

In case of any discrepancies or doubts between the English and the Italian versions of the Report, the Italian version prevails.

Consolidated Half-Year Financial Report of the Banco Desio Group at 30 June 2023

Banco di Desio e della Brianza S.p.A.

Registered office: Via Rovagnati, 1 20832 Desio (MB)

Tel. [phone]

[e-mail] www.bancodesio.it

Share Capital Euro 70,692,590.28 fully paid up

Registered with the Metropolitan Chamber of Commerce of Milan, Monza and Brianza and Lodi R.E.A. No. MB-129094

Fiscal Code No. 01181770155 - VAT No. 10537880964

Member of Fondo Interbancario di Tutela dei Depositi (Interbank Fund for Deposit Protection) and the Fondo Nazionale di

Garanzia (National Guarantee Fund)

Registered with the Register of Banks Code ABI No. 3440/5

Parent Company of the Banking Group Banco di Desio e della Brianza, registered with the Order of Banking Groups under

No. 3440/5

Half-Year Financial Report at 30 June 2023 | Page 2

Summary

Directors and Officers (Banco di Desio e della Brianza S.p.A.)	4
The Banco Desio Group	5
Introduction	6
Interim Report on Operations at 30 June 2023	7
Key figures and ratios	8
Macroeconomic scenario	11
Distribution channels	15
Significant corporate events during the period	17
Human Resources	22
Operating performance	24
Performance of consolidated companies	48
Other information	53
Outlook and main risks and uncertainties	55
Condensed consolidated half-year financial statements at 30 June 2023	56
Financial Statements	57
Notes	64
Drafting criteria and accounting standards	65
Information on fair value	103
Main balance sheet and income statement aggregates	112
Information on risks and related hedging policies	165
Business combinations involving businesses or business units	199
Related party transactions	205
Payment agreements based on own equity instruments	209
Segment reporting	213
Certification pursuant to art. 81-ter of Consob Regulation No. 11971	216
Auditor's Report	218
Attachment	221

Half-Year Financial Report at 30 June 2023 | Page 3

Directors and Officers

(Banco di Desio e della Brianza S.p.A.)

Board of Directors

Chairperson		Stefano Lado
Chief Executive Officer and General Manager	Alessandro Maria Decio*
Directors		Graziella Bologna*
		Valentina Maria Carla Casella
		Paola Bruno
		Agostino Gavazzi*
		Tito Gavazzi
		Alessandra Maraffini
		Laura Tulli
		Gerolamo Gavazzi*
* Members of the Executive Committee

Board of Statutory Auditors

Chairperson

Statutory Auditors

Alternate Auditors

Emiliano Barcaroli

Rodolfo Anghileri

Stefania Chiaruttini

Stefano Antonini

Silvia Re

Erminio Beretta

General Management

Chief Executive Officer and General Manager

Alessandro Maria Decio

Financial Reporting Manager as per Article 154-bis TUF

Financial Reporting Manager	Mauro Walter Colombo

Independent Auditors

Independent Auditors

KPMG S.p.A.

Half-Year Financial Report at 30 June 2023 | Page 4

The Banco Desio Group

Also included in the scope of consolidation is the securitisation vehicle Coppedè SPV S.r.l. insofar as through Fides S.p.A., pursuant to IFRS 10 Consolidated Financial Statements, the Banco Desio Group has a position of substantial control of the SPV itself.

Half-Year Financial Report at 30 June 2023 | Page 5