BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT BPCE parent company financial statements

NON-RECURRING INCOME 5.10 No non-recurring income was recorded inthe 2017 fiscal year.

INCOME TAX 5.11

 Breakdown of income tax in 2017 5.11.1 BPCE is the head of a tax consolidationgroup that includes the 14 Banque Populaire banks, the 16 Caisses d’Epargne, and the BPCE subsidiaries, including Crédit Foncier, Banque Palatine, BPCE International, BPCovered Bonds and BPCE SFH.

Corporate taxfor tax consolidationpurposes can bebroken down as follows:

Fiscal year 2017

in millionsof euros

Taxable bases at the following rates:

33.33%

19%

15%

Tax on current income

627

25

Tax on non-recurring income Taxable bases

627

0

25

Applicable tax

(213)

+contributions3.3%

(7)

+ extraordinarycontributions

(64)

- deductionsin respectof tax credits

23

Reportedincome tax Tax consolidation effect

(261)

0

0

489

Adjustmentsto previousperiods Impact oftax reassessments

- -

Provisions for thereturnto profitabilityof subsidiaries

(20)

Provisions for taxes

16

5

TOTAL

224

0

0

Incometax amounted to € 224 million for2017.

 Reconciliation from accounting to taxable income 5.11.2 Reconciliation from accounting to taxableincomefor BPCE canban broken downas follows:

Fiscal year 2017

Fiscal year 2016

in millionsof euros

Net accounting income (A)

729

461

Corporatetax (B) Add-backs (C)

(224)

(268) 1,394

391

Impairments and provisions

10

151

UCITS

4

Long-termcapital losses underexemptions Share ofprofit from partnershipsor joint ventures

322

1,090

13 42

12

Other items

141

Deductions(D)

1,372

1,894

Long-termcapitalgains underexemptions Reversalsof impairment chargesand provisions

500

838 123 864

54

Dividends

812

Share ofprofit from partnershipsor joint ventures UCITS

6

6

Other items

63

Tax base at normalrate (A)+(B)+(C)-(D)

(476)

(307)

501

Registration document 2017