BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT BPCE parent company financial statements

SUBORDINATED DEBT 3.10

31/12/2017

31/12/2016

in millionsof euros

Termsubordinated debt Perpetualsubordinated debt

14,973

17,641

61

61

Perpetualdeeply subordinated debt

744 330

1,858

Accrued interest

366

TOTAL

16,108

19,926

The amount of bond issue and redemption premiums remaining to be amortizedat December 31, 2017 totaled € 106 million. During 2017,BPCE redeemed adeeply subordinatednotes issue for € 1,063million. Perpetual deeply subordinated debt has the following characteristics:

Outstanding amount at 12/31/2017 in million of euros

Interest rate after initial redemption option date

Amount in original currency

Interest rate after step-up date

Next redemption option date

Date of interest step-up

Currency

Issue date

Rate

3-month Euribor +13.13%

3-month Euribor +13.13% 09/30/2019 09/30/2019 3-monthLibor USD +12.98% 09/30/2019 09/30/2019

EUR

08/06/2009

374

374

12.50%

3-month Libor USD +12.98%

USD

08/06/2009

370 744

444

12.50%

TOTAL

5

FUND FOR GENERAL BANKING RISKS 3.11

31/12/2017

31/12/2016

Increase

Decrease

in millionsof euros

Fund for generalbankingrisks

130 130

130 130

TOTAL

0

0

SHAREHOLDERS’ EQUITY 3.12

Additional paid-in

Retained earnings

Interim dividend

Total equity (excl. FGBR)

Share capital

capital Reserves/other

Income 2,491 (2,030)

in millionsof euros

TOTALAT DECEMBER 31,2015

156

12,345

35

967

(175)

15,819

Changesduring theperiod

0

0

0

2,141 3,108

0

111

TOTALAT DECEMBER 31,2016

156

12,345

35

(175)

461

15,930

2016 income allocation

286

175

(461)

0

Dividend paid Other changes

(208)

(202)

(410)

0

Net income for theperiod

729

729

TOTALAT DECEMBER 31,2017

156

12,345

35

3,186

(202)

729

16,249

493

Registration document 2017