Banco di Desio e della Brianza : THE BOARD OF DIRECTORS OF PARENT COMPANY “BANCO DI DESIO E DELLA BRIANZA S.P.A.” APPROVED THE CONSOLIDATED FINANCIAL STATEMENTS AND THE DRAFT INDIVIDUAL FINANCIAL STATEMENTS AS AT 31 DECEMBER 2013

PRESS RELEASE

THE BOARD OF DIRECTORS

OF PARENT COMPANY "BANCO DI DESIO E DELLA BRIANZA S.P.A." APPROVED

THE CONSOLIDATED FINANCIAL STATEMENTS AND THE DRAFT INDIVIDUAL FINANCIAL STATEMENTS AS AT 31 DECEMBER 2013

 GROWTH IN DIRECT DEPOSITS FROM ORDINARY CUSTOMERS to Euro 15.2 billion (+3.4%), of which DIRECT DEPOSITS Euro 7.8 billion (+6.5%), with a Loans/Deposits ratio of 89.5% (previously 95.2%)

 INCREASE IN LOANS to Euro 6.8 billion, net of repo transactions with institutional counterparties for

Euro 0.1 billion (+3.4%)

 OPERATING MARGIN RISES to Euro 155.3 million (+21.9%)

 ADJUSTMENTS TO LOANS increase from Euro 89.5 million to Euro 136.9 million (+53%)

 EXTRAORDINARY ALLOCATION of Euro 16.8 million for employee exit plan

 CONSOLIDATED NET LOSS (pertaining to the Parent Bank) of Euro 5 million (compared to net profit of Euro 20.2 million in 2012) In addition to the adjustments to loans, the result was affected by the extraordinary allocation made for the employee exit plan (Euro 16.8 million) and the loss recorded by the Swiss subsidiary Credito Privato Commerciale SA (in liquidation) (Euro 9.2 million)

 STRONG CAPITAL SOLIDITY

Shareholders' equity Euro 818.7 million (previously Euro 821.2 million) Regulatory capital Euro 823.3 million (previously Euro 827.7 million) Tier 1 and Core Tier 1 11.8% (previously 12.1%) Total capital ratio 13% (previously 13.4%)

 INDIVIDUAL NET PROFIT of Euro 9.4 million (previously Euro 9.2 million)

 PROPOSED DIVIDEND

Euro 0.0214 per ordinary share Euro 0.0364 per savings share Payout 31.66% (previously 52.54%)

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BALANCE SHEET DATA FOR 2013 SUMMARY

KEY CONSOLIDATED DATA AS AT 31 DECEMBER 2013

Total deposits from customers Euro 15.2 billion (+3.4%)

of which Direct Deposits Euro 7.8 billion (+6.5%)

Net loans to customers Euro 6.8 billion (net of repo transactions with institutional counterparties which decreased to Euro 0.1 billion compared to Euro 0.3 billion at the end of 2012) (+3.4%)

"Performing loans/ net loans" ratio 3.35% (previously 2.55%) Operating margin Euro 155.3 million (+21.9%)

Losses after tax from continuing operations Euro 6.5 million (previously Profit after tax from continuing operations of Euro 14.9 million) after adjustments to loans of Euro 136.9 million

Parent Company net loss Euro 5 million (previously net profit of Euro 20.2 million) after allocations of one-

off expenses to the employees' solidarity fund of Euro 16.8 million in implementation of the Group Business Plan 2013-2015

Shareholders' equity pertaining to the Parent Bank Euro 818.7 million (previously Euro 821.2 million)

Regulatory capital Euro 823.3 million (previously Euro 827.7 million)

Tier 1 and Core Tier 1 11.8% (previously 12.1%) and Total capital ratio 13% (previously 13.4%)

KEY FIGURES IN THE DRAFT INDIVIDUAL FINANCIAL STATEMENTS OF THE PARENT COMPANY AS AT 31 DECEMBER 2013

Total deposits from customers Euro 14.1 billion (+4.6%)

of which Direct Deposits Euro 7 billion (+7.4%)

Net loans to customers Euro 6.1 billion (net of repo transactions with institutional counterparties which decreased to Euro 0.1 billion compared to Euro 0.3 billion at the end of 2012 (+0.2%)

"Performing loans/ net loans" ratio 3.49% (previously 2.69%)

Operating margin Euro 141.5 million (+17.5%)

Net operating profit Euro 3.9 million (-82.8%), after adjustments to loans for Euro 121.6 million

Profit for the period Euro 9.4 million (previously Euro 9.2 million) after allocations of one-off expenses to the employees' solidarity fund of Euro 16.2 million in implementation of the Group Business Plan 2013-2015

Shareholders' equity Euro 781.6 million (previously Euro 776.5 million)

Regulatory capital Euro 809.8 million (previously Euro 802.4 million)

Tier 1 and Core Tier 1 18.0% (previously 18.3%) and Total capital ratio 19.6% (previously 20.1%)

***
The Board of Directors of Parent Company Banco di Desio e della Brianza S.p.A., which met on 13 March 2014, approved the consolidated financial statements and the draft individual financial statements as at 31 December
2013. The Board resolved to convene the Ordinary and Extraordinary Shareholders' Meeting in first call on 29
April 2014, 11:30 am, at the Desio offices, and 30 April 2014, at the same time and in the same place, in second call. The Special Meeting of Savings Shareholders will be called at 10:30 am at the Desio offices on the same dates.

Consolidated balance sheet data

Total customer assets under management increased at the end of the year to Euro 18.5 billion, with an overall 2.4% increase of Euro 0.4 million compared to the previous year, attributable to direct deposits (+6.5%), whilst indirect deposits recorded a limited decrease of 0.3%.

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The balance of direct deposits at the end of 2013 reached about Euro 7.8 billion, with a positive change of about
Euro 0.5 billion (+6.5%) due to the increase in amounts due to customers.

Indirect deposits, accounting for around Euro 10.7 billion of total assets, recorded a decrease of less than Euro 0.1 billion (-0.3%) over the twelve month period, attributable to the 2% decline in deposits from institutional customers compared to the previous year's figure. "Ordinary" customer deposits, on the other hand, rose to about Euro 7.5 billion, corresponding to a 0.4% increase attributable to performance in the assets under management segment (+4.4%), partially counter-balanced by a decline in administered assets (-2.9%).

Despite the slowdown in recourse to credit at system level, the value of loans to ordinary customers as at 31
December 2013 reached around Euro 6.8 billion, exceeding the previous year's figure by more than Euro 0.2 billion (+3.4%).Vice versa, at year end loans to institutional customers, represented by repo transactions, totalled
about Euro 0.1 billion, down Euro 0.2 billion compared to the end of 2012.
The Group's lending activities therefore resulted in a total for net loans to customers of around Euro 7 billion
(+0.1%).
The Group's total financial assets at year end were Euro 1.6 billion, up about Euro 0.4 billion on the total recorded at the end of the previous year (+37.9%), while the net interbank position is in debt for approximately Euro 0.2 billion, in line with the balance at the end of the previous year.
The Group's strong capital solidity is confirmed by the Shareholders' equity pertaining to the Parent Bank which, including profit for the period, totals Euro 818.7 million as at 31 December 2013 (Euro 821.2 million at the end of
2012), by the regulatory capital of Euro 823.3 million (Euro 827.7 million at the end of 2012) and in the consolidated capital ratios calculated in accordance with the supervisory regulations in force, which show Tier1

and Core Tier1 at 11.8% (previously 12.1%) and a Total capital ratio of13% (previously 13.4%).

On 1 January 2014 the new harmonised regulations for banks and investment companies under the terms of the CRR and the European Directive CRD IV of 26 June 2013, which transpose the standards defined by the Basel Committee on Banking Supervision (the Basel 3 framework) to EU regulations. The Basel Committee's aim was to improve banking system continuity by - amongst other things - pursuing the objective of raising the quality of regulatory capital to increase banks' capacity to absorb losses. In particular, the new regulations strengthen the importance of ordinary shares in the composition of own funds and extend and harmonise the list of items to be deducted and prudential adjustments.
An assessment of the Group's capital adequacy in accordance with the new criteria shows that the ratio between common equity and weighted assets is 12.14%.

Consolidated income statement data

The year closed with a net loss pertaining to the Parent Bank of Euro 5 million, affected by the heavier impact of adjustments to loans (which rose from Euro 89.5 million to Euro 136.9 million), allocations to the employees' solidarity fund of Euro 16.8 million following implementation of the Group Business Plan 2013-2015 and the loss of Euro 9.2 million recorded by the Swiss subsidiary Credito Privato Commerciale S.A. (in liquidation).
The breakdown and performance of the main reclassified Income Statement items are summarised as follows:

Operating income

The revenue items related to operations recorded an increase of 4.5% compared with the previous year, rising to Euro 366.8 million, with an increase of Euro 15.7 million. The increase is mainly attributable to the net profits/(losses) on trading, hedging and disposal/repurchase of receivables, financial assets/liabilities at fair value through profit or loss for Euro 10.3 million (+33.4%), net commissions for Euro 7.4 million (+7.0%) and other operating income/expenses for Euro 3.2 million (+23.1%), of which Euro 1.3 million capital gains on disposal of the property of the subsidiary Brianfid-Lux S.A. (in liquidation). Also recording an increase were profit from

3

investments in associates for Euro 0.7 million, associated with the share of profit of Chiara Assicurazioni S.p.A., which became an associate during the year, and dividends and similar revenues for Euro 0.1 million. Vice versa net interest income, which at Euro 194.3 million recorded a decrease of about Euro 6 million, equal to 3% of the previous year's figure.

Operating charges

Operating charges, which include personnel expenses, other administrative expenses and net adjustments to property, plant and equipment and intangible assets, overall show a balance of approximately Euro 211.5 million,

with a 4.5% drop of about Euro 12.2 million compared to the previous year. The recovery is largely attributable to

personnel expenses which, net of one-off expenses among the total use of funds in implementation of the Group

Business Plan 2013-2015 amounting to Euro 16.8 million and reclassified to profits/(losses) after taxes from non- recurring operations, decreased by Euro 9.1 million (-6.4%). The other two cost items also show a decrease, respectively other administrative expenses by Euro 1.4 million (-2.1%) and net adjustments to property, plant and equipment and intangible assets by Euro 1.6 million (-14.9%).

Operating margin

The operating margin at the end of the period consequently amounted to Euro 155.3 million which, compared to the Euro 127.4 million of the previous year, shows a 21.9% growth.

Operating profit (loss) after tax

The weight of the net adjustments for impairment of loans equal to Euro 136.9 million, with higher adjustments for Euro 47.4 million compared to 2012, the net allocations to provisions for risks and charges of Euro 10.9 million, up Euro 7.4 million on the comparison period, losses on disposal or repurchase of loans for Euro 1.4 million, the net adjustments for impairment of financial assets available for sale of Euro 0.6 million, net adjustments for impairment of other financial transactions of Euro 1.7 million and taxes on income from continuing operations of Euro 10.3 million, down Euro 6.3 million, result in a loss after taxes from continuing operations of Euro 6.5 million, compared to the profit of Euro 14.9 million recorded in the previous year (-143.9%).

Profit from non-recurring operations after tax

The profit from non-recurring operations after tax of Euro 1.6 million comprises the capital gains realised from the price adjustment following disposal by the Parent Bank at the end of 2012 of its remaining 30% investment in
the former associate Chiara Vita S.p.A. for Euro 7.2 million, the gain realised on disposal - again by the Parent
Bank - of the controlling interest in Chiara Assicurazioni S.p.A. (from 66.66% to 32.66%) for Euro 4.6 million, together with the positive effects on the income statement from the change in consolidation method for that company, which became an associate, for about Euro 1.3 million. In addition, the impact of estimated one-off expenses was recorded against the total use of funds in implementation of the Group Business Plan 2013-2015, which amounted to Euro 16.8 million before taxes, and the contribution of taxes on profit from non-recurring operations for a total of Euro 5.3 million, composed of the tax effect on these one-off expenses, on capital gains realised as referred to above and as a result of tax redemption pursuant to Italian Law Decree 185/2008 (for the subsidiary Banco Desio Lazio S.p.A.) and goodwill included in the book value of the investment in FIDES S.p.A. and recognised to the consolidated financial statements of the Group for about Euro 0.9 million.

Parent Company Profit (Loss) for the period

The sum of the operating loss after tax from continuing operations, the profit from non-recurring operations after tax and the loss pertaining to minority interests of Euro 0.1 million, results in 2013 closing with a loss pertaining

to the Parent Bank of Euro 5 million, compared to a profit of Euro 20.2 million recorded in the previous year.

***
In this difficult and persisting negative economic and financial scenario, once again in 2013 the Group has managed to keep the structure of its distribution network unchanged. The network comprises 185 branches, of which 164 Banco di Desio e della Brianza S.p.A. and 21 the subsidiary Banco Desio Lazio S.p.A.

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As at 31 December 2013, the Group had a workforce of 1,760 employees, with a decrease of 78, 4.2% less than the end of the previous year, mainly attributable to the exit from the Group of Chiara Assicurazioni S.p.A. and the fact that the subsidiaries Credito Privato Commerciale S.A. and Brianfid-Lux S.A. are in liquidation.

Prospects of integration with Banca Popolare di Spoleto and a new business plan

Given the prospects of integration with Banca Popolare di Spoleto, the update on which was promptly disclosed to the market, Banco Desio plans to prepare a new business plan within one year, the definition of which will be consistent with the timing of procedures to be agreed with Banca Popolare di Spoleto's Special Administrators.

Proposed allocation of net profit from the Parent Company's draft individual financial statements

The Board of Directors will propose to the Ordinary Shareholders' Meeting the distribution of a dividend of Euro
0.0214 for each of the 117,000,000 ordinary shares and a dividend of Euro 0.0364 for each of the 13,202,000 savings shares.
The proposed allocation of profit, if approved, will allow approximately Euro 6.4 million to be allocated to the
equity reserves.
In compliance with the Stock Exchange timetable, the dividend shall be paid on 8 May 2014. The coupon detachment date, for security listing purposes, and the "record date" (1) will instead take place on 5 and 7 May
2014, respectively.

(1) Dividend payment legitimation date introduced in art. 83-terdecies of the Consolidated Act on Finance

(TUF) by Legislative Decree n. 91/2012

***
The tables relating to the consolidated Balance Sheet and the consolidated reclassified Income Statement are attached as well as those of the Parent Company Banco di Desio e della Brianza S.p.A.
The consolidated financial statements and the draft individual financial statements are subject to audit by Deloitte
& Touche S.p.A., which is currently in progress.
Desio, 13 March 2014 BANCO DI DESIO E DELLA BRIANZA S.p.A.
The Chairman
***
The Manager in charge of drawing up the company accounting documents, Piercamillo Secchi, hereby declares that, pursuant to art. 154-bis, paragraph 2 of the Consolidated Law on Finance, the accounting information contained in this press release corresponds to the company's documents, books and accounting records.
Piercamillo Secchi

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Contacts:

Investor Relator Giorgio Federico Rossin

Tel. [phone]

Cell. 335/7764435

Fax [phone] [e-mail]

Legal and Company Business Department Tel. [phone]

Fax [phone] [e-mail]

Marco Rubino di Musebbi Community Srl Consulenza nella comunicazione

Tel. [phone]

Cell. 335/6509552

Fax [phone] [e-mail]

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CONSOLIDATED - Balance Sheet

Attachment no. 1

Assets Amounts in thousands of EUR	31.12.2013	31.12.2012
10 Cash and cash equivalents	29.848	81.248
20 Financial assets held f or trading	2.798	4.320
40 Financial assets available f or sale	1.423.419	1.009.410
50 Financial assets held to maturity	181.568	151.863
60 Due f rom banks	275.848	250.480
70 Due f rom customers	6.955.429	6.949.145
80 Hedging derivatives	5.052	9.005
100 Equity investments	13.969	1.227
120 Property, plant and equipment	144.417	150.890
130 Intangible assets	25.506	25.903
of which: goodwill	23.533	23.533
140 Tax assets	93.856	51.715
a) current	5.118	1.684
b ) prepaid	88.738	50.031

- pursuant to Law 214/2011 78.225 41.235

150 Non-current assets and groups of assets being disposed 72.420

160 Other assets	118.581	105.367
Total assets	9.270.291	8.862.993

Liabilitie s Amounts in thousands of EUR	31.12.2013	31.12.2012
10 Due to banks	438.026	441.677
20 Due to customers	5.489.782	5.041.168
30 Outstanding securities	2.239.092	2.217.881
40 Financial liabilities held f or trading	480	517
50 Financial liabilities measured at f air value	38.617	37.532
60 Hedging derivatives	2.894	6.696
80 Tax liabilities	14.832	14.320
a) current	2.825	772
b ) deferred	12.007	13.548
90 Liabilities related to groups of assets being disposed		51.399
100 Other liabilities	164.639	178.269
110 Employee severance indemnity	23.971	24.392
120 Provisions f or risks and charges	39.021	20.951
a) pensions and similar ob ligations	27	170
b ) other provisions	38.994	20.781
140 Valuation reserves	29.200	28.173
170 Reserves	710.666	688.953
180 Share premium	16.145	16.145
190 Share capital	67.705	67.705
210 Minority interest (+/-)	221	7.014
220 Prof it (Loss) f or the period (+/-)	-5.000	20.201
Total Liabilitie s and Share holde rs ' Equity	9.270.291	8.862.993

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CONSOLIDATED - Reclassified Income Statement

Attachment no. 2

Items

Change s

Amounts in thousands of EUR 31.12.2013 31.12.2012 Am ount %

10+20	Net interest income	194.336	200.326	-5.990	-3,0%
70	Dividends and similar income	117	38	79	207,9%
	Prof its f rom investments in associated companies	752	58	694	1196,6%
40+50	Net commissions	113.234	105.845	7.389	7,0%
80+90+100+ Prof it/loss on trading, hedging and disposal/repurchase of f in. assets
110	and liabilities measured at fair value	41.344	31.000	10.344	33,4%
220	Other operating income/charges	17.003	13.811	3.192	23,1%
	Ope rating incom e	366.786	351.078	15.708	4,5%
180 a	Personnel expenses	-133.787	-142.921	9.134	-6,4%
180 b	Other administrative expenses	-68.449	-69.895	1.446	-2,1%
200+210	Net adj. to prop., plant and equip. and intangible assets	-9.221	-10.834	1.614	-14,9%
	Ope rating charge s	-211.457	-223.651	12.194	-5,5%
	Ope rating m argin	155.329	127.427	27.902	21,9%
	Prof it (loss) on disposal or repurchase of loans	-1.402	-1.870	468	-25,0%
130 a	Net adjustments f or impairment of loans	-136.932	-89.503	-47.428	53,0%
130 b	Net adjustments f or impairment of f inancial assets available f or sale	-601	-277	-324	117,0%
130 d	Net adjustments f or impairment of other f inancial transactions	-1.692	-713	-979	137,3%
190	Net allocations to provisions f or risks and charges	-10.920	-3.503	-7.417	211,7%
	Ope rating profit (los s ) be fore tax	3.782	31.560	-27.778	-88,0%
290	Income taxes f or the period	-10.316	-16.658	6.342	-38,1%
	Ope rating profit (los s ) afte r tax	-6.534	14.902	-21.436	-143,8%
240+270+ 260	Prof it (Loss) f rom investments and disposal of investments / Value adjustments to goodw ill	13.134	-10.878	24.012	220,7%
	Provisions f or risks and charges on extraordinary transactions	-16.810	11.855	-28.665	-241,8%
	Profit (Los s ) from non-curre nt ope rations be fore tax	-3.676	977	-4.653	-476,4%
	Income taxes f rom non-current components f or the period	5.312	645	4.667	723,8%
	Profit (Los s ) from non-curre nt ope rations afte r tax	1.636	1.622	14	0,9%
310	Prof it (Loss) on groups of assets held f or sale af ter tax	-	4.532	-4.532	-100,0%
320	Profit (los s ) for the pe riod	-4.898	21.056	-25.954	-123,3%
330	Minority interest	-102	-855	753	-88,1%
340	Pare nt Com pany Profit (Los s ) for the pe riod	-5.000	20.201	-25.201	-124,8%

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INDIVIDUAL - Balance Sheet

Attachment no. 3

Assets Amounts in thousands of EUR	31.12.2013	31.12.2012
10 Cash and cash equivalents	24.322	29.218
20 Financial assets held f or trading	2.798	4.320
40 Financial assets available f or sale	1.420.453	1.004.146
50 Financial assets held to maturity	181.568	150.604
60 Due f rom banks	229.698	221.896
70 Due f rom customers	6.141.481	6.126.945
80 Hedging derivatives	5.052	9.005
100 Equity investments	117.460	104.807
110 Property, plant and equipment	137.285	141.163
120 Intangible assets	8.270	8.425
including:
- goodwill	6.958	6.958
130 Tax assets	84.399	48.749
a) current	3.987	1.364
b ) deferred	80.412	47.385
- pursuant to Law 214/2011 70.517 39.196
140 Non-current assets and groups of assets being disposed	-	15.153
150 Other assets	101.764	91.412

Total assets 8.454.550 7.955.843

Liabilitie s Amounts in thousands of EUR	31.12.2013	31.12.2012
10 Due to banks	481.075	468.023
20 Due to customers	4.846.469	4.365.020
30 Outstanding securities	2.091.799	2.092.674
40 Financial liabilities held f or trading	480	519
50 Financial liabilities measured at f air value	38.617	37.532
60 Hedging derivatives	2.894	6.696
80 Tax liabilities	13.417	13.040
a) current	1.852	139
b ) deferred	11.565	12.901
100 Other liabilities	144.168	156.371
110 Employee severance indemnity	23.439	23.883
120 Provisions f or risks and charges	30.616	15.616
b ) other provisions 30.616 15.616
130 Valuation reserves:	23.482	23.525
160 Reserves	664.817	659.889
170 Share premium	16.145	16.145
180 Share capital	67.705	67.705
200 Prof it (Loss) f or the period (+/-)	9.427	9.205
Total Liabilitie s and Share holde rs ' Equity	8.454.550	7.955.843

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Attachment no. 4

INDIVIDUAL - Reclassified Income Statement

Items 31.12.2013 31.12.2012

Change s

Amounts in thousands of EUR Am ount %

10+20	Net interest income	165.279	172.155	-6.875	-4,0%
70	Dividends and similar income	2.117	372	1.745	469,5%
40+50	Net commissions	101.071	94.261	6.810	7,2%
80+90+100 Prof it/loss on trading, hedging and disposal/repurchase of f in.
+110	assets and liabilities measured at fair value	41.465	30.728	10.737	34,9%
190	Other operating income/charges	12.253	11.409	844	7,4%
	Ope rating incom e	322.186	308.925	13.261	4,3%
150 a	Personnel expenses	-119.401	-125.101	5.700	-4,6%
150 b	Other administrative expenses	-53.250	-54.872	1.622	-3,0%
170+180	Net adj. to prop., plant and equip. and intangible assets	-8.038	-8.570	532	-6,2%
	Ope rating charge s	-180.689	-188.543	7.854	-4,2%
	Ope rating m argin	141.496	120.382	21.115	17,5%
	Prof it (loss) on disposal or repurchase of loans	-1.229	-1.788	559	-31,2%
130 a 130 b	Net adjustments f or impairment of loans Net adjustments f or impairment of f inancial assets available f or sale	-121.589 -574	-81.454 -277	-40.135 -296	49,3% 106,8%
130 d	Net adjustments f or impairment of other f inancial transactions	-1.532	-644	-889	138,0%
160	Net allocations to provisions f or risks and charges	-7.577	-2.294	-5.283	230,3%
	Dividends f rom investment in subsidiary companies	2.846	2.290	556	24,3%
	Ope rating profit (los s ) be fore tax	11.841	36.215	-24.374	-67,3%
260	Income taxes f or the period	-7.985	-13.740	5.755	-41,9%
	Ope rating profit (los s ) afte r tax	3.856	22.475	-18.619	-82,8%
210	Prof it (loss) f rom shareholdings	17.466	-25.770	43.236	167,8%
	Provisions f or risks and charges on extraordinary transactions	-16.183	11.855	-28.038	236,5%
	Profit (Los s ) from non-curre nt ope rations be fore tax	1.283	-13.915	15.198	109,2%
	Income taxes f rom non-current components f or the period	4.288	645	3.644	565,1%
	Profit (Los s ) from non-curre nt ope rations afte r tax	5.571	-13.270	18.842	142,0%
290	Profit (los s ) for the pe riod	9.427	9.205	223	2,4%

10