BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of BPCE SA group 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

BPCE SA group

2017

2017

2017

2017

2017

2016 pf

2016 pf

2016 pf

2016 pf

2016

in millions of euros

Net banking income Operating expenses

3,303 3,448 3,113 2,718 3,581 3,270

501 1,344 10,499 10,781

(2,284)

(2,199)

(2,178)

(1,981)

(2,194)

(2,046)

(1,485)

(1,479)

(8,141)

(7,705)

Gross operatingincome

1,019 1,249

936

737 1,387 1,224 (984)

(135)

2,358 3,076

Cost/incomeratio

69.1% 63.8% 69.9% 72.9% 61.3% 62.6% ns

ns 77.5% 71.5%

Cost ofrisk

(292)

(294)

1 (115)

(195)

(104)

(20)

(511)

(508)

Share in incomeof equity-accounted associates Gains or losseson otherassets Change in thevalue of goodwill

14

16 35

1

(9) 30

10 18

14

216

181

241

202

(15)

13

89

105

104 (66)

170

(66)

(117)

(117)

Incomebeforetax

725 1,006

950

759 1,300 1,043 (849)

15 2,126 2,823

Incometax

(231) (130)

(355) (159)

(329) (276)

(261) (187)

(380) (269)

(322) (207)

329

274 (611) 59 (670)

(665) (494)

Non-controllinginterests

6

NET INCOMEATTRIBUTABLETO EQUITYHOLDERSOF THE PARENT 364

492

345

310

651

513 (514)

348

845 1,664

Excludingthe BanquePopulairebanks,Caissesd’Epargneand theirconsolidatedsubsidiaries. *

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 pf

2016

2016

2016

in millions of euros

Net banking income Operating expenses

1,382 1,352 734 655 1,187 1,442 3,303 3,448

(939)

(885)

(439)

(378)

(907)

(936) (2,284) (2,199)

Gross operatingincome

443 466 295 277 281 505 1,019 1,249 67.9% 65.5% 59.8% 57.6% 76.4% 64.9% 69.1% 63.8%

Cost/incomeratio

Cost ofrisk

(73)

(57)

- (220)

(236)

(292)

(294)

Share in incomeof equity-accounted associates Gains or losseson otherassets

5

-

13

9

1

2

14

16 35

31

-

(15)

4 (15)

INCOMEBEFORE TAX

5 371 440 308 287

46 274 725 1,006

SEGMENT ANALYSIS OF THE CONSOLIDATED BALANCE SHEET 10.2

Retail Banking and Insurance

Asset & Wealth Management

Corporate & Investment Banking

Corporate Center

BPCE SA group

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*

234,154 233,116 189,480 188,069

4,684 4,196

5,286 284,599 308,807 236,184 217,860 759,621 765,069 4,786 260,451 281,137 221,953 191,328 676,081 665,321

Segmentliabilities represent the liabilities restated for equityand other liabilities (notably including tax liabilities and other liabilitiesandprovisions). *

BPCE SA group’s segment information for previous periods has been restated in line with the new sector breakdown and the changes made by Natixis to the rules for allocating capital to the (1) business lines and the rate of return on capital.

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Registration document 2017