NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Parent company financial statements and notes

Provisions and impairment Note 17

Translation adjustments

(in millions of euros)

Charges Reversals

Other

01/01/2020

31/12/2020

(1,427)

(1,003)

489

43

2 0

(1,896)

Provisions for impairment deducted from assets

Banks

(48)

0

18

0

(30)

Customers Investments

(991)

(857)

409

37

(2)

(1,404)

(10) (20)

(12)

14 12 10 26

0 0 0 6

1 0 5

(7)

Other long-term investments

(9)

(17)

(261)

(117)

(363)

Investments in subsidiaries and affiliates

Misc. securities and debtors

(97)

(8)

(2) (5) (1) (4)

(75)

(300)

(52)

2,021

Provisions recognized in liabilities

2,264

114 103

Employee benefits

237

(43) (28) (82)

0

296

Off-balance sheet commitments

49

19 24

(1) (2)

35

Country risk

385

0 0 0 0 0

325

Specific credit risk

2

0 5

(1) (2)

0

1

Provisions for litigation

491 220 366 514

(41)

453 297

Sector risk

159

(74)

(8)

Forward financial instrument risk

0

(310)

0

56

Other

96

(52)

558

Translation adjustments

5

(in millions of euros)

01/01/2019 Charges Reversals

Other 31/12/2019

Provisions for impairment deducted from assets

(1,420)

(578)

567

1

3

(1,427)

Banks

(48)

1

(1) (6)

(48)

Customers Investments

(859)

(482)

353

3

(991)

(18) (21)

(1) (2)

12

(3)

(10) (20)

Other long-term investments

3

Investments in subsidiaries and affiliates

(393)

(50) (43) 445

171

8

3

(261)

27

(97)

Misc. securities and debtors

(81)

Provisions recognized in liabilities

2,192

(375) (187)

12

(10) (18)

2,264

Employee benefits

397

45 62

237

Off-balance sheet commitments

21

(35) (15)

1

49

Country risk

269

131

385

Specific credit risk

2

1

(1)

2

Provisions for litigation

482 229 324 468

9 1

491 220 366 514

Sector risk

84 75 47

(94) (33) (10)

Forward financial instrument risk

Other

2

7

NIT dispute As a reminder, on December 18, 2019, the French antitrust body (Autorité de la Concurrence) announced that France's four historical meal voucher companieswere to be fined a total of nearly €415 million for price fixing. On a financial level, the fine incurred by Natixis came to €83.3 million (of which €4.4 million for Natixis Intertitres alone, with Natixis being severally liable for the balance). Natixis has appealed this decision and believes it has numerous arguments in its defense with which to challenge it. Under these conditions, no provisions were booked in the financial statements at December 31, 2019 or Decembe3r1, 2020.

435

www.natixis.com

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020