BPCE_REGISTRATION_DOCUMENT_2017

2017 ACTIVITIES AND FINANCIAL INFORMATION Groupe BPCE financial data

4.3.3

Income statement by sector (1)

Retail Banking and Insurance

Asset & Wealth Management

Corporate & Investment Banking

Corporate Center

Groupe BPCE

2017

2017

2017

2017

2017

2016 pf

2016 pf

2016 pf

2016 pf

2016

in millions of euros

Net banking income Operating expenses

16,673 16,948 3,113 2,718 3,581 3,270

352 1,222 23,720 24,158

(11,491) (11,360) 5,183 5,588

(2,178)

(1,981) (2,194)

(2,046)

(1,236)

(1,286) (17,099) (16,673)

Gross operatingincome

936

737 1,387 1,224 (884)

(64)

6,621 7,485

Cost/incomeratio

68.9% 67.0% 69.9% 72.9% 61.3% 62.6% ns

ns 72.1% 69.0%

Cost ofRisk

(1,106)

(1,220)

0

1 (115)

(195)

(163)

(8)

(1,384)

(1,423)

Share in incomeof equity-accounted associates Gains or losseson otherassets Change in thevalue of goodwill

49

48 68

1

(9) 30

10 18

14

216

206 276 259

(29)

13

0

86

105

88

203

(85)

(154)

(85)

(154)

Incomebeforetax

4,096 4,484

950

759 1,300 1,043 (831)

85 5,516 6,370

4

Incometax

(1,334)

(1,453)

(329) (276)

(261) (187)

(380) (269)

(322) (207)

232

154 (1,811) 59 (681)

(1,882)

Non-controllinginterests

(136)

(165)

1

(500)

NET INCOMEATTRIBUTABLETO EQUITYHOLDERSOF THE PARENT 2,626 2,867

345

310 651

513 (598)

298 3,024 3,988

Net bankingincome for the Group’s three businessdivisionsimprovedslightly by 1.9% comparedto 2016, reflectingsolid performancesby Asset Managementand Corporate& InvestmentBanking coupledwith resilient earningsby Retail Banking and Insurancedespite the low interest rate environment.The relative contributionof Retail Banking and Insurance to net banking income, as compared to the contributionof the Group business lines, was71.4%, versus 13.3% for Asset &Wealth Management and 15.3% for Corporate & Investment Banking.

BPCE SA group’s segment reporting for previous periods has been restated in line with the new sector breakdown and the restatements carried out by Natixis on the allocation of capital to the (1) business lines and the rate of return on capital.

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Registration document 2017