NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

Equity Transactions business lines. It also includes Bond Origination. In early 2018, CIB changed the way it presents the earnings and analysis of its financing activities with the creation of three new business lines based on four key sectors defined in the New Dimension plan: the Energy & Natural Resources sector, which comprises a Trade Finance, origination and structuring of structured commodity finance; the Real Assets business line which brings together a origination and structuring in three sectors: Infrastructure, Aviation and Real Estate & Hospitality; the Distribution & Portfolio Management business line, a which comprises syndication and structured and vanilla finance portfolio management. The Equities, Fixed Income, Credit, Forex, Commodities and Global Structured Credit and Solutions businesses remain part of the Global Markets business line, while short-term Trade Finance and the development of the flow offering are combined under Trade and Treasury Solutions. Insurance 10.3 Natixis Assurances is a holding company for various operating insurance subsidiaries. In March 2014, in accordance with the plan to develop the bancassurance model, Natixis Assurances acquired PPI and casualty insurance subsidiary BPCE Assurances, which it now wholly owns. It offers a full range of individual and group life insurance, personal protection insurance, and property & casualty insurance products for the Banque Populaire and Caisse d’Epargne networks. These diversified, customized solutions are designed for retail and small business customers, farmers, companies and associations. Specialized Financial Services 10.4 This business line combines a number of service-oriented businesses primarily serving the Caisse d’Epargne and Banque Populaire networks, as well as Natixis customers: Payments: This business line provides tools, infrastructure, and a services for payments: electronic banking, issuance and collection of mass electronic transfers, check processing, service vouchers, e-commerce, etc. Under the “New Dimension” plan, Payments is designed to become a pure player on the payment segment in Europe and accelerate its digital transformation. Thus, the business line recently acquired several start-ups specializing in electronic payment and e-commerce, namely: Payplug, S Money, Dalenys and Comiteo; Factoring: provides companies with credit management a solutions such as financing, insurance, and collection. Natixis Factor uses the Banque Populaire and Caisse d’Epargne

networks, which account for a significant portion of its business; Sureties & financial guarantees: this business line is operated a by Compagnie Européenne de Garanties et Cautions (CEGC). It notably includes guarantees for mortgage loans granted to retail and business customers by the Caisse d’Epargne and Banque Populaire networks, along with legal guarantees and financial guarantees; Consumer finance: this Natixis business line includes a broad a range of activities across the entire value chain for revolving loans (marketing, origination, administrative management, out-of-court collection, etc.) and administrative management services for personal loans. These activities are operated by Natixis Financement, which manages revolving loans granted by the BPCE Group networks and manages personal loans granted by the Caisses d’Epargne and by the Banque Populaire banks; Leasing: this business line provides financing solutions for real a estate and non-real estate assets under finance leases or other long-term leasing arrangements; Employee savings plans: this business line offers companies a an employee savings management solution (administration of employee accounts, fund administration and accounting); Securities services: this business line offers back and middle a office services for retail securities custody (account administration, back office outsourcing, office services, depositary control) for the BPCE networks and external clients; Film industry financing: this business line is operated via a Coficiné, a subsidiary specializing in structured loans for film and audiovisual activities in France and Europe. Corporate Center 10.5 The Corporate Center operates alongside the operating divisions. It combines Natixis’ non-strategic business lines: Coface, of which the main activities are credit insurance, factoring abroad, corporate information and rating and accounts receivable, proprietary Private Equity activity, Natixis’ stake in certain sponsored funds that is not meant to be kept within Natixis, as well as the Natixis subsidiary in Algeria. The Corporate Center recognizes the central funding mechanisms and income from Natixis’ asset and liability management. To this end, it includes all Treasury activities, including the short-term Treasury business, which has been part of Natixis’ Finance Department since the start of 2017 (it was previously part of Corporate & Investment Banking). It also records income on the bank’s portfolio of equity investments not belonging to a division. In terms of costs, the Corporate Center recognizes the bank’s structural costs and the contribution to the Single Resolution Fund.

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Natixis Registration Document 2018