BPCE_REGISTRATION_DOCUMENT_2017

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

Loyalty and performance plans settled in cash

are recorded under “Other long-term employee benefits”. The estimated expense accounts for an actuarial estimate of these conditions being met. It is spread over the vesting period for the benefits. The amount recognized in respect of fiscal year2017 was:

Some employeesare awarded loyalty and performancebonuses with deferred payment in cash. These bonuses are subject to attendance and performanceconditions.In terms of accountingtreatment,they

Fiscal year 2017 in millions of euros

Fiscal year 2016 in millions of euros

Year of plan

Grant date

Vesting date March 2014 March 2015 March 2016 March 2015 March 2016 March 2017 March 2016 March 2017 March 2018 March 2017 March 2018 March 2018 March 2019 March 2020 March 2021

2012 plan

02/17/2013

2013 plan

02/19/2014

(3)

2014 plan

02/18/2015

(3)

(7)

2015 plan

02/10/2016

(6)

(16)

2016 plan

04/10/2017

(16)

(16)

2017 plan

02/23/2018

(20) (44)

TOTAL

(42)

5

Note 10

Segment reporting

Groupe BPCE redefined its business lines in the TEC 2020 strategic plan presented on November 29, 2017, notably making the decision to split up the InvestmentSolutions,Corporate& InvestmentBanking and Specialized Financial Services division. The Investment Solutions sub-division’s Insurance business line and the Specialized Financial Services sub-division were transferred to the Retail Banking and Insurancedivision. the Banque Populaire network, comprised of 14 Banque Populaire ● banks and their subsidiaries, Crédit Maritime Mutuel, and the Mutual GuaranteeCompanies; the Caisse d’Epargne network, consisting of the 16 Caisses ● d’Epargne; Specialized Financial Services (SFS), a Natixis business line ● encompassing specialized financing activities (factoring, leasing, consumer credit, sureties and financial guarantees),payments and financial services; Insurance, a Natixis business line serving the Groupe BPCE ● networks and their customers; Other networks, which comprise Crédit Foncier group, BPCE ● International (BPCE I) and Banque Palatine. Asset &Wealth Management,a Natixisbusiness line consisting of: Asset Management, which operates on several international ● markets, combining expertise in investment management and distribution; The Group now has three core business divisions: Retail Banking andInsurance, which includes:

Wealth Management, with Natixis Wealth Management, which ● offers wealth management and financing solutions for large private-sectorinvestors. Corporate &Investment Banking, adivisionof Natixis: Corporate & Investment Banking advises and supports corporates, ● institutional investors, insurance companies, banks and public sector entities. The Corporate Center, which primarily includes: the Group’s centralinstitution and holding companies; ● Natixis’equity interestsin Coface,CorporateData Solutions,Natixis ● Algérie and NatixisPrivate Equity; unlistedinvestmentsand cross-business activities; ● items related to goodwillimpairmentand amortizationof valuation ● differences, which are associated with the Group’s equity interest acquisition strategy; the contribution to the Single Resolution Fund and the Deposit ● GuaranteeFund; As of the publicationof the 2017 annual results, the presentationof the business divisions reflects these segment reporting amendments, in addition to changes in the capital allocation standards applied by Natixis (Basel III average RWA increased to 10.5% versus 10% previously)and in the rate of return on capital (lowered to 2% from 3% previously). The segmentreportinginformationof Groupe BPCE has been restated accordingly for previous reporting periods.

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Registration document 2017