BPCE_REGISTRATION_DOCUMENT_2017

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

AVAILABLE-FOR-SALE FINANCIAL ASSETS 5.4 These are non-derivativefinancialassets that could not be classifiedin any other category(“Financialassets at fair value”, “Financialassets held to maturity” or “Loansand receivables”).

12/31/2017

12/31/2016

in millionsof euros

Treasury billsand equivalent

22,993 32,426

23,373 29,286

Bondsand other fixed-income securities

Impaired securities

102

91

Fixed-income securities

55,521 10,519

52,750

Equitiesand othervariable-incomesecurities

9,158

Loans tocredit institutions

7

7

Loans tocustomers

25 32

26 33

Loans

Available-for-salefinancialassets, gross Impairment offixed-income securitiesand loans

66,072

61,941

(59)

(51)

Permanent impairment of equities and othervariable-incomesecurities

(852)

(970)

TOTALAVAILABLE-FOR-SALE FINANCIAL ASSETS

65,161

60,920

Gains andlosses recognized directly in equityon available-for-sale financial assets (before tax)* 4,396 Includingthe portionattributableto non-controllinginterests(€1,289 millionat December 31,2017,comparedwith €1,343 millionat December 31,2016). In the insurancesubsidiaries,this net * unrealizedcapitalgain gave rise to the symmetricalrecognitionof deferredprofit-sharingof €3,249 millionat December 31,2017,comparedwith €3,323 millionat December 31,2016 (see Note 5.18). 4,416

Available-for-salefinancial assets held by the insurance companies controlled by BPCE SA group amounted to € 44,444 million at December31, 2017 and € 41,048million at December31, 2016.

Impairment losses are recognized for available-for-sale financial assets whenever the Group considers that its investmentmay not be recovered.For variable-incomesecurities quoted in an active market, a price decline in excess of 50% in relation to the historical cost or for more thana 36-month periodconstitutesevidence of impairment.

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399

Registration document 2017