BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

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

9.2.4

Other disclosures

Main actuarial assumptions

Fiscal year 2017

Fiscal year 2016

CAR-BP 1.32% 1.70%

CGP-CE 1.58% 1.70%

CAR-BP 1.22% 1.60%

CGP-CE 1.65% 1.60%

Discount rate Inflation rate Life tables used

TGH05-TGF05 TGH05-TGF05 TGH05-TGF05 TGH05-TGF05

Duration

15 years

18 years

15 years

19 years

Sensitivity of actuarial liabilities to changes in main assumptions At December31, 2017,a 0.5% change inthe discountrate and the inflation ratewould have the following impact onactuarial commitments:

12/31/2017

12/31/2016

CAR-BP

CGP-CE

CAR-BP

CGP-CE

% Amount

% Amount

% Amount

% Amount

in % and millions of euros

Variation of+0.5% in thediscountrate Variation of(0.5%) in thediscountrate Variation of+0.5% in theinflation rate Variation of(0.5%) in theinflation rate

(6.73%)

(57)

(8.48%)

(504)

(6.99%)

(61)

(8.68%)

(506)

7.55% 63 9.68% 575 7.67% 67 9.94% 579 6.99% 59 8.02% 476 7.12% 62 8.15% 475

(5.84%)

(49)

(7.23%)

(430)

(5.81%)

(51)

(7.34%)

(428)

Payment schedule − (non-discounted) benefits paid to beneficiaries

12/31/2017

12/31/2016

CAR-BP

CGP-CE

CAR-BP

CGP-CE

in millions of euros

N+1 to N+5 N+6 to N+10 N+11 toN+15 N+16 toN+20

185 181 169 149 346

720 860 932 904

185 182 171 152 366

682 829 920 913

> N+20

2,713

2,883

Breakdown of the fair value of plan assets: CAR-BP (including reimbursement rights) and CGP-CE

12/31/2017

12/31/2016

CAR-BP

CGP-CE

CAR-BP

CGP-CE

Weight by category

Fair value of assets

Weight by category

Fair value of assets

Weight by category

Fair value of assets

Weight by category

Fair value of assets

in % and millions of euros

Cash holdings

3.23% 15 0.30% 20 1.93%

8 0.25% 17

Equities Bonds

42.03% 191 9.80% 661 38.45% 166 7.41% 510 46.43% 211 88.20% 5,950 51.60% 222 89.02% 6,134

Real estate

1.70% 115

0.46% 32

Investmentfunds

8.32% 37

8.03% 35 2.85% 197

TOTAL

100.00% 454 100.00% 6,746 100.00% 431 100.00% 6,890

312

Registration document 2017