AFD - 2018 Registration document

RISK MANAGEMENT

Basel III Pillar 3

Similarly, the following table breaks down the various items making up the derivatives heading presented in Notes 2 and 2.1 to the financial statements: ❙ Derivatives

31/12/2017 IFRS

31/12/2017 IFRS

Assets

Assets

In thousands of euros Fair value hedging Interest rate derivatives

1,170,325

1,123,766

Interest rate and foreign exchange derivatives (cross-currency swaps)

653,914

556,022

Total 1

1,824,239

1,679,788

Financial assets at fair value Interest rate derivatives Foreign exchange derivatives

2,827

3,003

81,970 115,914

143,622

Derivatives at fair value through profit or loss

CVA/DVA

112

226

Total 2

200,823

146,851

TOTAL DERIVATIVES

2,025,062

1,826,639

4

All derivative transactions are carried out with credit institutions in OECD countries. The off-balance sheet commitments given consist of financing commitments related to undisbursed amounts under signed loan agreements and guarantees. ❙ Off-balance sheet – commitments given (financing and guarantees) according to counterparty type

31/12/2017 IFRS

31/12/2017 IFRS

In thousands of euros Commitments given

12,577,564 1,204,162 10,775,968 11,980,131

12,574,332 1,732,334 10,257,041 11,989,375

Financing commitments made to credit institutions Financing commitments made to customers

Subtotal financing commitments

Guarantee commitments made to credit institutions Guarantee commitments made to customers

74,730 522,703 597,433

82,053 502,904 584,957

Subtotal guarantee commitments

❙ Financing commitments – geographic spread and breakdown by type of activity

2017

2018

Amount 11,980 11,564

%

Amount 11,989 11,449

%

In millions of euros

Financing commitments at the Group’s risk

100%

100%

Of which foreign countries

97% 72% 24%

95% 71% 24%

Sovereign

8,642 2,922

8,541 2,908

Non-sovereign

Of which French Overseas Collectivities Financing commitments at the State’s risk

416

3% 0% 0%

540

5% 0% 0%

0 0

0 0

Loans guaranteed by the State

TOTAL GROUP FINANCING COMMITMENTS

11,980

11,989

77

REGISTRATION DOCUMENT 2018