Global fundingi, more than 96.5% of which was made up of direct customer deposits, amounted to € 22,965.5 million, up 16.1% during the year and 6.5% in the fourth quarter of 2008. This trend encapsulates a sharp increase in direct deposits associated with a reduction in interbank deposits.
Fundingi
| (figures in thousands of €) | Situation as at | Change % | ||||
|---|---|---|---|---|---|---|
| 31/12/08 | 30/9/08 | 31/12/07 | 31/12/06 | 12/08 09/08 | 12/08 12/07 |
|
| Total (A+B) | 22,965,533 | 21,562,315 | 19,773,044 | 18,213,546 | 6.5 | 16.1 |
| Direct deposits (A) | 22,164,080 | 20,475,929 | 17,386,168 | 16,313,159 | 8.2 | 27.5 |
| Amounts owed to customers | 12,005,439 | 10,766,712 | 9,571,945 | 9,364,602 | 11.5 | 25.4 |
| current accounts and free deposits | 11,522,358 | 9,894,488 | 9,029,849 | 8,767,429 | 16.5 | 27.6 |
| repurchase agreements | 292,028 | 575,429 | 359,827 | 301,936 | -49.3 | -18.8 |
| term deposits | 33,759 | 42,019 | 17,396 | 113,690 | -19.7 | 94.1 |
| loans | 11,433 | 130,391 | 3,660 | 3,731 | -91.2 | … |
| funds managed on behalf of third parties | 128 | 144 | 189 | 311 | -11.1 | -32.3 |
| commitments to repurchase own equity instruments | 25,127 | 24,921 | 34,894 | 36,037 | 0.8 | -28.0 |
| other deposits | 120,606 | 99,320 | 126,130 | 141,468 | 21.4 | -4.4 |
| Debt securities in issue | 9,578,795 | 9,142,064 | 7,281,050 | 6,395,131 | 4.8 | 31.6 |
| bonds | 9,344,042 | 8,932,739 | 7,067,795 | 6,147,128 | 4.6 | 32.2 |
| other securities | 234,753 | 209,325 | 213,255 | 248,003 | 12.1 | 10.1 |
| Liabilities at fair valuei(1) | 579,846 | 567,153 | 533,173 | 553,426 | 2.2 | 8.8 |
| bonds | 579,846 | 567,153 | 533,173 | 553,426 | 2.2 | 8.8 |
| short term | 12,167,499 | 10,918,033 | 9,721,232 | 9,557,745 | 11.4 | 25.2 |
| % on Total | 54.9 | 53.3 | 55.9 | 58.6 | ||
| medium-long term | 9,996,581 | 9,557,896 | 7,664,936 | 6,755,414 | 4.6 | 30.4 |
| % on Total | 45.1 | 46.7 | 44.1 | 41.4 | ||
| Amounts owed to banks (B) | 801,453 | 1,086,386 | 2,386,876 | 1,900,387 | -26.2 | -66.4 |
| Deposits of central banks | - | 59,521 | - | - | -100.0 | … |
| Current accounts and free deposits | 210,106 | 81,926 | 60,312 | 51,396 | … | … |
| Term deposits | 296,042 | 590,709 | 1,923,472 | 1,402,949 | -49.9 | -84.6 |
| Repurchase agreements | - | 65,414 | 107,859 | - | -100.0 | -100.0 |
| Loans | 295,298 | 288,814 | 295,231 | 446,041 | 2.2 | 0.0 |
| Other | 7 | 2 | 2 | 1 | … | … |
(1) Carige Vita Nuova liabilities designated at fair valuei and relating to products for which risk is borne by the insured, are not included in this table.