BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

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

ORDINARY SHARES AND EQUITY INSTRUMENTS ISSUED 5.21

Nominal (in millions of euros)*

Amount (in original currency)

Issuing entity

Redemption option date

Interest step-up date

12/31/2017

Issue date Currency

Rate

12/31/2016

Min (10-year CMAT 0.3%; 9%) Min (10-year CMS; 7%)

BPCE

July 30,2004 USD 200 million September 30,2017

None

142

BPCE October 12,2004 EUR 80 million BPCE January 27,2006 USD 300 million BPCE October 30,2007 EUR 509 million

July 12,2017 July 27,2017

None None

80

6.75%

214 509

October 30,2017

October 30,2017 6.12%

BPCE August 6,2009 EUR 374 million September 30,2019 September 30,2019 12.50% BPCE August 6,2009 USD 444 million September 30,2019 September 30,2019 12.50%

374 309

374 309

TOTAL

683

1,628

Nominalamounttranslatedinto eurosat the exchangerate in forceat the date of classificationas equity. *

Issues of perpetual deeply subordinatednotes prior to June 30, 2009 have thereafterbeen recognizedas equity instrumentsas a result of a remuneration payment clause that has since become discretionary. Previously,they were recognizedas subordinateddebt and similar. In accountingterms, the transformationof these debt instrumentsinto equity instruments is treated as debt extinguishment.

Issues subsequent to June 30, 2009 have always been recognized in equity due to the discretionary nature of their remuneration. Redemptionsduring the period ( € 945 million)led to the write-backof the capital gain recordedin equity in 2009 for the equivalentin euros of € 399 million. This write-back is recorded in retained earnings for - € 443 million for 2017 (including a translation adjustment of € 44 million).

NON-CONTROLLING INTERESTS 5.22 Informationregardingconsolidatedsubsidiariesand structuredentities for which the amount of non-controllinginterests is significantin terms of total Group equity is shown in the following statement:

Fiscal year 2017

Non-controlling interests

Summary financial information for 100% equity interests

in millions of euros 

Income attributed during the period to holders of non-controlling interests

Dividends paid to holders of non-controlling

Amount of subsidiary’s non-controlling interests

Net income attributable to equity holders of the parent

Comprehensive income attributable to equity holders of the parent

Percentage of non-controlling interests

interests Assets Liabilities 397 519,986 499,000

Entity name

Natixisgroup o/w Coface (1)

28.98% 689

6,883 1,082

1,669

973

58.62% 49.99% 25.18%

33 83

12 7,360 5,554

83

76

o/w H2O (1) Locindus

89 64 71

28

278 709

77

167

176

2

2 4

455

8

8

Otherentities

(21) 670

TOTALAT 12/31/2017

7,018

403

(1)

Non-controllinginterestsin Natixisgroup.

414

Registration document 2017