Value distribution

Value added is calculated by reclassifying consolidated Income Statement items with the aim of showing how it is allocated and expressing in monetary terms the relationship between the business and the socio-economic system with which it interacts, special reference being made to its main stakeholders: employees, suppliers, public bodies and institutions, shareholders, corporate structures, community and environment.

For the 2010 Sustainability Report we have employed the Value Added formulation developed by the Italian Banking Association (ABI), which accounts for the specific characteristics of the banking sector.