FINANCIAL REPORT 2015

2.7.7. EXPOSURE TO SOVEREIGN RISK IN EUROPEAN COUNTRIES UNDER WATCH

31.12.2015

Net exposures net of impairment

O/w banking portfolio

Total banking activity before hedging

Hedging Available- for-sale financial assets

Total banking activity after hedging

Financial assets at fair value through profit or loss

O/w trading book (excluding derivatives)

Available- for-sale financial assets

Held-to- maturity financial assets

(in thousands of euros)

Loans and receivables

Germany Belgium

746 728

Spain

519 049

United States France

4 637 457

Greece Ireland Italy Japan

379 784

Portugal TOTAL

0 6 283 018

0

0

0

0

0

0

31.12.2014 Restated (1)

Net exposures net of impairment

O/w banking portfolio

Total banking activity before hedging

Hedging Available- for-sale financial assets

Total banking activity after hedging

Financial assets at fair value through profit or loss

O/w trading book (excluding derivatives)

Available- for-sale financial assets

(in thousands of euros)

Held-to- maturity financial assets

Loans and receivables

Germany

283 341

Belgium

993 876

Spain

538 475

United States France

4 378 398

Greece Ireland Italy Japan Portugal TOTAL

0 6 194 090

0

0

0

0

0

0

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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