AFD - 2018 Registration document

6 CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Notes to the consolidated financial statements

❙ Guarantee commitments

Performing commitments

Doubtful commitments Bucket 3

Financial commitments impaired at acquisition or creation

Bucket 1

Bucket 2

Total

In thousands of euros

Commitment amount Investment grade (AAA to BBB-)

63,973 11,070

-

- - - - - - - - - -

-

63,973 391,552

BB+ to BB-

380,482

87,974

B+

-

- - - -

- - - -

-

B

76,806

76,806

B-

- -

-

CCC to D-

31,999 31,999

31,999

Total at 31 December 2018 Investment grade (AAA to BBB-)

151,850 380,482

87,974 564,330

115,248

4

115,253 373,500

BB+ to BB-

9,645

363,855

B+

-

- - - -

-

B

74,027

74,027

B-

- -

-

CCC to D-

19,824 19,824

19,824

TOTAL AT 31 DECEMBER 2017

198,921 363,859

582,604

Credit risk exposure: change in book values and loss allowances over the period Loss allowances correspond to impairments on assets and provisions on off-balance sheet commitments recorded in profit or loss (cost of risk) for credit risk.

The following tables present a reconciliation of the opening and closing balances of the loss allowances recognised in cost of risk and the associated book values, by accounting category and type of instrument.

❙ Assets at amortised cost: loans and receivables due from credit institutions

Performing assets

Doubtful assets Stage 3

Stage 1

Stage 2

Total

In thousands of euros

At 1 January 2018

5,864

39,160

38,488

83,512

Change in impairments of loans at amortised cost to credit institutions New loans: purchased, granted, originated

1,104

1,601 9,959

-

2,705 1,307 4,012

Change in credit risk parameters over the period

- 4,185 - 3,080

- 4,467 - 4,467 34,021

Total change in impairments

11,560 50,720

AT 31 DECEMBER 2018

2,784

87,524

162

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REGISTRATION DOCUMENT 2018