BPCE - 2018 Registration document

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018

Fiscal year 2018

Income 1,107 15,568

Expense

Net

in millions of euros

Loans/borrowings due from credit institutions (1) Loans/borrowings due from customers Bonds and other debt securities held/issued

(642)

465

(4,577) (4,086)

10,991 (3,037)

1,049

Subordinated debt

(679)

(679) 7,740

Financial assets and liabilities at amortized cost (excluding finance leases)

17,724

(9,984)

Finance leases Debt securities

492 547 547

(4)

488 547 547

Financial assets at fair value through other comprehensive income TOTAL FINANCIAL ASSETS AND LIABILITIES AT AMORTIZED COST AND AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (2)

18,763

(9,988)

8,775

Non standard financial assets not held for trading

158

158

Hedging derivatives

4,208

(4,623)

(415)

Economic hedging derivatives

352

(229)

123

TOTAL INTEREST INCOME AND EXPENSES 8,641 Interest income from loans and receivables with credit institutions consists of €720 million in income (€707 million in 2017) collected on the Livret A, LDD and LEP passbook savings accounts, which (1) are deposited with Caisse des Dépôts et Consignations. Interest income from financial assets with a known credit risk (S3) amounted to €514 million in 2018 including €513 million recognized as financial assets at amortized cost. (2) 23,481 (14,840)

Figures for 2017 under IAS 39

Fiscal year 2017

Income 17,007

Expense (5,505)

Net

in millions of euros

Loans and receivables due from customers Loans and receivables due from credit institutions

11,502

1,378

(809)

569 495

Finance leases

495

///

Debt securities and subordinated debt

///

(4,420) (4,948)

(4,420)

Hedging derivatives

4,877 1,832

(71)

Available-for-sale financial assets Held-to-maturity financial assets

/// /// ///

1,832

269

269

Impaired financial assets

71 12

71

Other interest income and expenses

(27)

(15)

TOTAL INTEREST INCOME AND EXPENSES*

25,941

(15,709)

10,232

Of which a net margin of €1,451 million in 2017 for insurance activities, for which the related income is now presented as “Net income from insurance activities”. *

282

Registration document 2018