NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

31/12/2018

31/12/2017

BPCE Banques Populaires Caisses d’Epargne

BPCE Banques Populaires Caisses d’Epargne

(in millions of euros)

Income

Interest and similar income

95

50

2

213

19

3

Interest and similar expenses

(613)

(4)

(15)

(512)

(12)

(18)

Net fee and commission income

(57)

(373)

(194)

6

(353)

(130)

Net gains or losses on financial instruments at fair value through profit or loss

(494)

156

503

(215)

(28)

(29)

Net gains or losses on available-for-sale financial assets

0

0

2

Gains and losses on financial assets at fair value through other comprehensive income Net gains or losses arising from the derecognition of financial assets at amortized cost Net gains or losses on financial assets at amortized cost reclassified to financial assets at fair value through profit or loss Net gains or losses on financial assets at fair value through other comprehensive income reclassified to financial assets at fair value through profit or loss Income and expenses from other activities

(27)

13

17

(34)

13

14

Operating expenses

(75)

1

(21)

(64)

2

(25)

Relations with associates and joint ventures are not material.

Management compensation

31/12/2018

31/12/2017

(in euros)

Natixis directors (a)

570,482

570,299

Executive managers (b) 12,372,462 In 2018 and 2017, directors’ fees paid to members of the Board of Directors included a fixed portion (€8,000 per person) and a variable portion (a) (€2,000 per Board Meeting, per person). Members of the Audit Committee and the Risk Committee received a fixed payment of €3,000 (€17,000 for its Chairman) and a variable payment of €1,000 per Board Meeting and per person (€2,000 for its Chairman). Members of the Appointments Committee and Compensation Committee received a fixed payment of €2,000 (€15,000 for its Chairman) and a variable payment of €1,000 per Board Meeting and per person (€2,000 for its Chairman). The members of the Strategic Committee received a variable payment of €2,000 and the Chairman of the Strategic Committee received a fixed payment of €12,000. The amounts shown represent the total amount of compensation paid or delivered to the members of the Senior Management Committee. (b) 13,713,714

Compensation of directors

Compensation for directors is granted as presented in the standardized tables compliant with AMF recommendations in Section 2.4 of the registration document. The table below shows the compensation paid in the fiscal year.

FY 2018

FY 2017

Laurent Mignon, Chief Executive Officer until May 31, 2018 Compensation for the fiscal year

€853,552 (a)

€2,623,242 (a)

Value of options granted during the fiscal year

€0

N/A

Value of performance shares granted during the fiscal year

€80,000 (b)

€192,000 (b)

TOTAL

€933,552

€2,815,242

Laurent Mignon, Chairman of the Board of Directors as of June 1, 2018 Compensation for the fiscal year

€175,000

Value of options granted during the fiscal year

€0 €0

Value of performance shares granted during the fiscal year

TOTAL

€175,000

François Riahi, Chief Executive Officer as of June 1, 2018 Compensation for the fiscal year

€996,244 (c)

Value of options granted during the fiscal year

€0

Value of performance shares granted during the fiscal year

€93,333 (d)

TOTAL

€1,089,577

Of which a family allowance of €818. (a) Corresponding to the value of the shares on the allocation date, for a fair value of €99,305 for (b) 2017 and €47,460 for 2018. Of which a family allowance of €1,388. (c) Corresponding to an amount on the allocation date, for a fair value of €55,372 for 2018. (d)

378

Natixis Registration Document 2018