Section 12 – Net allocations to provisions for risks and charges – Item 190

12.1. Net allocations to provisions for risks and charges: breakdown

Expenses/Amounts31.12.201431.12.2013
- Provisions for liabilities and charges for legal disputes (1.152) (45)
- Provisions for liabilities and charges for tax proceedings - (12)
- Other provisions for liabilities and charges (461) (158)
Total (1.613) (215)

Provisions for legal disputes mainly refer to the provision for lawsuits concerning trade receivables.

Provisions for sundry risks and charges refer to the amount set aside as the estimate of what the Bank may be required to pay for the rescue loan to Banca Tercas, based in Ascoli Piceno, already approved by Italy’s Interbank Deposit Protection Fund (FITD).

For more details, see Part B, Section 12 Provisions for risks and charges in these Notes.

 

Last updated on 2015-02-18