BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

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

Financial data for the main joint arrangements and associates 8.1.2 Summarizedfinancialdata for materialjoint venturesand/or companiesunder notable influenceare as follows (based on the last availabledata published by the entities in question):

Associates

CNP Assurances (group)

Socram Banque

EDF Investment Group (EIG)

Banque Calédonienne d’investissement (BCI)

in millions of euros

DIVIDENDSRECEIVED MAINAGGREGATES Total assets

88

2

11

4

423,298 405,040

2,066 1,839

8,583

2,723 2,432

Total debt

57

Incomestatement Operating incomeor net banking income

2,519 (896) 1,623

56 (2)

247 (77) 170

91

Incometax Net income

(20)

5

25

CARRYINGVALUEOF INVESTMENTS INASSOCIATES Equity of associates (1)

18,258

227

8,526

290

Percentage ofownership

16.11% 33.42% 6.11%

49.90%

VALUE OF INVESTMENTS IN ASSOCIATES

2,567

76

521

145

o/w goodwill

2

MARKET VALUE OF INVESTMENTS IN ASSOCIATES

2,129

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The equityusedby GroupeBPCE to consolidateCNP Assurances(group)via the equitymethod is subjectto restatement(deeplysubordinatednotes). (1)

Groupe BPCE has no interestin any jointventure thathas amaterial impact onthe consolidatedfinancial statements. Summarized financial data for non-materialjoint ventures and companies under significant influence at December

31, 2017 isas follows:

Fiscal year 2017

Fiscal year 2016

in millionsof euros

Value ofinvestments in associates

803

545

Total amount ofshare in: Net income

44 (1) 43

35

Gains and lossesrecognizeddirectly in other comprehensive income

COMPREHENSIVE INCOME

35

Nature and scope of major restrictions 8.1.3 Groupe BPCE has not been faced with any major restrictions relating to interests held in associates and jointventures.

8.2

SHARE IN NET INCOME OF ASSOCIATES

Fiscal year 2017

Fiscal year 2016

in millionsof euros

CNP Assurances(group) EDF Investment Group(EIG)

207

193

10

14

Socram Banque

2

4

BanqueCalédonienne d’investissement

13 37

13 20

Other

Financial sectorcompanies

269

244

Other

7 7

15 15

Non-financial companies

SHARE INNET INCOMEOF ASSOCIATES

276

259

308

Registration document 2017