BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

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

Note 6

Notes to the income statement

6.1

INTEREST AND SIMILAR INCOME

It also includes interest receivable on fixed-income securities classified as available-for-sale financial assets and hedging derivatives, it being specified that accrued interest on cash flow hedgingderivativesis taken to incomein the samemannerand period as the accrued interest on the hedgeditem.

AND EXPENSES This line item comprises interest income and expenses, calculated using the effective interest method, on financial assets and liabilities measured at amortized cost, which include interbank and customer items, held-to-maturity assets, debt securities and subordinated debt.

Fiscal year 2017

Fiscal year 2016

Income 6,103 1,432

Expense (1,644) (1,028)

Net

Income 5,995 1,449

Expense (1,033) (1,114)

Net

in millions of euros

Loans and receivablesdue from customers Loans and receivablesdue from creditinstitutions

4,459

4,962

404

335

Finance leases

339

///

339

359

///

359

Debt securities and subordinated debt

///

(4,303) (3,497)

(4,303)

///

(4,674)

(4,674)

Hedgingderivatives

4,208 1,102

711

4,373 1,163

(3,598)

775

Available-for-salefinancial assets Held-to-maturity financial assets

/// /// ///

1,102

/// /// ///

1,163

122

122

139

139

Impaired financialassets

7

7

8 5

8

Other interestincomeand expenses

12

(31)

(19)

(76)

(71)

TOTALINTEREST INCOMEAND EXPENSES

13,325

(10,503)

2,822

13,491

(10,495)

2,996

6.2

FEE AND COMMISSION INCOME

occasionalservices (fund transfers, payment penalties, etc.), fees and commissions receivable or payable on execution of significant transactions,and fees and commissionsreceivableor payableon trust assets managed onbehalf of theGroup’scustomers. However, fees and commissions that form an integral part of the effective yield on a contract are recorded under “Net interest income.”

AND EXPENSES Fees and commissions are recorded based on the type of service rendered and on the method of accounting for the financial instrument to which the service relates. This line includes mainly fees and commissionsreceivable or payable on recurring services (payment processing, custody fees, etc.) and

Fiscal year 2017

Fiscal year 2016

Income

Expense

Net

Income

Expense

Net

in millions of euros

Cash andinterbank transactions

5

(65)

(60) 942

3

(37) (20)

(34) 837

Customer transactions

944 484 178 395 253

(2)

857 398 187 392

Financialservices

(777)

(293)

(696)

(298)

Sales of life insurance products

///

178 332

///

187 332

Payment services

(63)

(60)

Securitiestransactions

(179)

74

212

(150)

62

Trust management services

3,507

0

3,507

3,121

3,121

Financialinstruments and off-balance sheet transactions

201

(155)

46

168

(159)

9

Other fee and commission income/(expense) TOTALFEE ANDCOMMISSIONINCOME AND EXPENSES

296

(1,049)

(753)

283

(927)

(644)

6,263

(2,290)

3,973

5,621

(2,049)

3,572

418

Registration document 2017