BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017

Financial liabilities designated at fair value through profit or loss

Accounting mismatches

Fair value measurement

Embedded derivatives

in millionsof euros

Interbankterm accounts and loans Customer termaccountsand loans

22

71 11

93 11

Debt securities

16,493

6,202

22,695

Subordinated debt

103

103

Repurchase agreementsand otherfinancial liabilities

4,487

33,868 33,868

38,355 61,257

TOTAL

21,002

6,387

Some liabilitiesissued and recognizedat fair value throughprofit or loss are coveredby a guarantee.The effect of this guaranteeis incorporated into thefair valueof the liabilities. Financial liabilities at fair value through profit or loss and credit risk

12/31/2017

12/31/2016

Contractual amount due at maturity

Contractual amount due at maturity

Fair value

Difference

Fair value

Difference

in millions of euros

Interbank term accounts and loans Customer termaccountsand loans

93 11

78 12

15 (1)

19

3 3

16

3

Debt securities

22,695

21,915

780

20,964

20,287

677

Subordinated debt

103

100

3

95

100

(5) 79

Repurchase agreements

38,355 61,257

38,284 60,389

71

37,485 58,566

37,406 57,799

TOTAL

868

767

5

revaluations in respect of own credit risk totaled € 116 million at December31, 2016 (see Notes2.2 and 4.1.3). 5.2.3 The notional amounts of derivative instruments are merely an indication of the volume of the Group’s business in financial instruments,and do not reflect the market risks associatedwith such instruments. Positive or negative fair values represent the replacement value of these instruments. These values may vary significantly depending on changes inmarketparameters. Trading derivatives

The amount contractually due on loans at maturity includes the outstanding amount of the principal at the balance sheet date plus the accrued interest not yet due. In the case of securities, the redemption valueis generally used. Revaluationsattributableto own credit risk (valuation of own credit risk) amounted to € 314 million at December 31, 2017. Under the early adoption of the amendmentto IFRS 9 on own credit risk from January 1, 2016, the change is now recognized in non-recyclable gains and losses recognized directly in OCI. As a reminder,

12/31/2017

12/31/2016

Notional amount

Positive fair value

Negative fair value

Notional amount

Positive fair value

Negative fair value

in millions of euros

Interestrate derivatives Currency derivatives

3,908,793 1,087,057

28,070 14,292

28,092 4,014,284 13,429 1,161,338 5,006 177,359

25,100 19,340

22,017 18,890

Equity derivatives Credit derivatives Other contracts

230,498 36,975 84,808

3,574

6,567

8,124

590 632

784 359

58,065 94,373

856 984

843 833

TOTALTRADING DERIVATIVES

5,348,131

47,158

47,670 5,505,419 2,052 935,125 45,618 4,570,294 28,355 1,800,071 11,797 2,496,472

52,847

50,707

o/w organized markets

785,962

1,088

3,503

4,173

o/w over-the-counter transactions

4,562,169 1,408,442 2,863,830

46,070 29,944 10,167

49,344 31,286

46,534 28,832 10,576

o/w credit institutions

o/w otherfinancial companies

9,454

277

Registration document 2017