Banco di Desio e della Brianza S p A : Financial statements ad reports at 31 December 2022

Financial Statements and Reports at 31 December 2022

This document is a courtesy translation into English, for the convenience of international readers, of the "Relazione Finanziaria Annuale 2022" of Banco Desio Group in PDF format; this PDF document, prepared in Italian language, is a courtesy copy which is not compliant with the provisions of the Commission Delegated Regulation (EU) 2019/815 (European Single Electronic Format - ESEF) but consistent with the official annual consolidated financial Statements prepared in compliance with the Directive 2004/109/EC (so-called Transparency Directive) in Italian language and published in the new format (ESEF) within the legal deadlines. In case of any discrepancies or doubts between the English and the Italian versions of the Report, the Italian version prevails.

Consolidated Financial Statements of the Banco Desio Group at 31 December 2022

Financial Statements of Banco di Desio e della Brianza S.p.A. at 31 December 2022

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

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Officers

Board of Directors

Chairman	Stefano Lado
Chief Executive Officer and General	Alessandro Maria
Manager	Decio*
Directors	Graziella Bologna*
	Valentina Maria Carla
	Casella
	Ulrico Dragoni
	Cristina Finocchi
	Mahne
	Agostino Gavazzi*
	Gerolamo Gavazzi*
	Tito Gavazzi
	Giulia Pusterla
	Laura Tulli
* Members of the Executive Committee
Board of Statutory Auditors
Chairman	Emiliano Barcaroli
Statutory Auditors	Rodolfo Anghileri
	Stefania Chiaruttini
Alternate Auditors	Stefano Antonini
	Silvia Re
	Massimo Celli

General Management

Chief Executive Officer and General Manager

Alessandro Maria Decio

Financial Reporting Manager as per Article 154-bis TUF

Financial Reporting ManagerMauro Walter Colombo

Independent Auditors

Independent Auditors

KPMG S.p.A.

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Contents

CONSOLIDATED FINANCIAL STATEMENTS OF THE BANCO DESIO GROUP

Consolidated Report on Operations	5
Consolidated Financial Statements	62
Consolidated Balance Sheet	63
Consolidated Income Statement	65
Consolidated Statement of Comprehensive Income	66
Statement of Changes in Consolidated Equity	67
Consolidated Cash Flow Statement	69

Consolidated Notes	71
Part A - Accounting policies	72
Part B - Information on the Consolidated Balance Sheet	121
Part C - Information on the Consolidated Income Statement	171
Part D - Consolidated Comprehensive Income	195
Part E - Information on risks and related hedging policies	197
Part F - Information on Consolidated Equity	268
Part G - Business combinations involving businesses or business units	271
Part H - Transactions with related parties	274
Part I - Payment agreements based on own equity instruments	277
Part L - Segment reporting	278
Part M - Lease disclosure	280

Certification of the Consolidated Financial Statements pursuant to Article

154-bis of Legislative Decree 58/98	283
Report of the Independent auditors to the Consolidated Financial
Statements	285
Public Disclosure State by State	293

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FINANCIAL STATEMENTS OF BANCO DI DESIO E DELLA BRIANZA S.P.A.

Report on Operations	294
Company Financial Statements	337
Balance Sheet	338
Income Statement	340
Statement of Comprehensive Income	341
Statement of Changes in Equity	342
Cash Flow Statement	344

Notes	346
Part A - Accounting policies	347
Part B - Information on the Balance Sheet	389
Part C - Information on the Income Statement	445
Part D - Comprehensive Income	469
Part E - Information on risks and related hedging policies	470
Part F - Information on equity	536
Part G - Business combinations involving businesses or business units	539
Part H - Transactions with related parties	542
Part I - Payment agreements based on own equity instruments	546
Part M - Lease disclosure	547

Certification of the Separate Financial Statements pursuant to Article 154-bis

of Legislative Decree 58/98	551
Report of the Independent auditors to the Financial Statements	553
Report of the Board of Statutory Auditors	560
Resolutions of the Shareholders' Meeting	582

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