AFD - 2018 Registration document

7

AFD’S ANNUAL FINANCIALS STATEMENTS Notes to the financial statements at 31 December 2018

NOTE 3 Receivables from credit institutions

December 2017

December 2018

In thousands of euros Regular accounts

Demand 815,323

Term

Total

Demand 173,960

Term

Total

0

815,323

0

173,960

Loans to credit institutions

1,507,613 10,988,097 12,495,710 2,043,293 9,761,535 11,804,827

of which interbank investment (1)

1,507,613

851,389 2,359,002 2,043,293

919,365 2,962,658

of which loan activity

0 10,136,708 10,136,708

0 8,842,169 8,842,169

Related receivables

645

65,018

65,664

120

53,747

53,867

Impairments

-2 -133,383 -133,385

-872 -136,994 -137,866

TOTAL

2,323,579 10,919,732 13,243,311 2,216,500 9,678,288 11,894,788

(1) This item includes money-market UCITS. The amount of outstandings at the State’s risk and on behalf of the State is €2,538,000.

Less than 3 months 998,267

3 months to 1 year

From 1 to 5 years

More than 5 years

Total 2018

In thousands of euros

Maturity of loans to credit institutions

828,935 3,975,926 4,333,580 10,136,708

Total outstanding doubtful loans -€130,235,000 are included in “Less than 3 months”.

December 2017

December 2018

Details of doubtful term loans In thousands of euros

Gross

Impairments

Gross

Impairments

Doubtful outstandings (excluding related receivables)

130,235

125,528

130,067

129,139

of which non-performing outstanding sovereign loans (1) of which non-performing outstanding non-sovereign loans

111,938

111,905

113,463

112,112

(1) Granted to Governments or with their endorsement. Only the outstanding principal of these loans is the object of provisions for liabilities.

NOTE 4 Transactions with customers

December 2017

December 2018

In thousands of euros Credit to customers Related receivables

26,193,310

24,280,783

103,352 -337,635

98,772

Impairments

-308,879

TOTAL

25,959,027

24,070,676

Outstanding credit at the State’s risk was €793,602,000 at 31/12/2018.

Less than 3 months

3 months to 1 year

From 1 to 5 years

More than

5 years Total 2018

In thousands of euros

Maturity of loans to customers 884,293 1,579,707 7,919,779 15,809,531 26,193,310 Total arrears on ordinary receivables (€25,325,000) and total doubtful loans (€621,644,000) are included in “Less than 3 months”.

December 2017

December 2018

Details of doubtful term loans In thousands of euros

Gross

Impairments

Gross

Impairments

Doubtful outstandings (excluding related receivables) P of which non-performing outstanding sovereign loans (1) P of which non-performing outstanding non-sovereign loans

621,644 99,124

337,635 81,757

520,482 94,181

308,879 78,080

112,591

111,957

136,063

125,556

(1) Granted to Governments or with their endorsement. Only the outstanding principal of these loans is the object of provisions for liabilities.

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REGISTRATION DOCUMENT 2018