BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

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

SEGMENT ANALYSIS OF THE CONSOLIDATED INCOME STATEMENT 10.1

Results by division (1)

Retail Banking and Insurance

Asset & Wealth Management

Corporate & Investment Banking Corporate Center

Groupe BPCE

2017

2017 2016 pf

2017 2016 pf

2017 2016 pf

2017

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) (2,178) (1,981) (2,194) (2,046) (1,236) (1,286) (17,099) (16,673)

Gross operatingincome

5,183 5,588 936 737 1,387 1,224 (884) 68.9% 67.0% 69.9% 72.9% 61.3% 62.6% ns

(64)

6,621 7,485

Cost/incomeratio

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 49

48

1

(9)

10

14 216 206

276

259

Gains or losseson otherassets Change in thevalue of goodwill

(29)

68

13

30

18

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

Incometax

(1,334)

(1,453)

(329) (276)

(261) (187)

(380) (269)

(322) (207)

232 154 (1,811)

(1,882)

Non-controllinginterests

(136)

(165)

1

59 (681)

(500)

NET INCOMEATTRIBUTABLETO EQUITY HOLDERS OF THEPARENT

2,626 2,867 345 310 651 513 (598)

298 3,024 3,988

Results of the Retail Banking and Insurance sub-divisions

Banque Populaire banks

Caisses d’Epargne

Specialized Financial Services

Insurance (Natixis)

Other networks

Retail Banking and Insurance

2017

2017

2017 2016 pf

2017 2016 pf

2017

2017

2016

2016

2016

2016 pf

in millions of euros

Net banking income Operating expenses

6,284 6,295 7,086 7,216 1,382 1,352 734 655 1,187 1,431 16,673 16,948

(4,418) (4,363) (4,788) (4,800)

(939)

(885)

(439)

(378)

(907)

(933) (11,491) (11,360)

Gross operatingincome

1,866 1,932 2,298 2,415 443 466 295 277 280 497

5,183 5,588

Cost/incomeratio

70.3% 69.3% 67.6% 66.5% 67.9% 65.5% 59.8% 57.6% 76.4% 65.2% 68.9% 67.0%

Cost ofrisk

(449)

(508)

(365)

(419)

(73)

(57)

- (220)

(236)

(1,106)

(1,220)

Share in incomeof equity-accounted associates Gains or losseson otherassets

35 (9)

37 36

0

1

-

13

9

1

2 6

49

48 68

(4)

(5)

(0)

31

-

(17)

(29)

INCOMEBEFORE TAX

1,443 1,497 1,930 1,992 371 440 308 287 44 268 4,096 4,484

SEGMENT ANALYSIS OF THE CONSOLIDATED BALANCE SHEET 10.2

Retail Banking and Insurance

Asset & Wealth Management

Corporate & Investment Banking

Corporate Center

Groupe BPCE

12/31/2017

12/31/2016 12/31/2017

12/31/2016 12/31/2017

12/31/2016 12/31/2017

12/31/2016 12/31/2017

12/31/2016

in millions of euros Segment assets Segment liabilities *

842,634 811,003 676,921 650,534

4,684

5,286 277,040 299,448 135,492 119,502 1,259,850 1,235,240 4,786 255,308 274,581 179,848 151,256 1,116,274 1,081,158

4,196

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

316

Registration document 2017