BPCE - 2018 Registration document

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

Reversals unused

Other changes (1)

12/31/2018

01/01/2018

Increase

Use

in millions of euros

Provisions for employee benefit commitments and similar (2)

2,264

224 349 311 469

(103)

(151)

(144)

2,090

Provisions for restructuring costs (3)

152

(63)

(26)

(3) 19 17

409

1,712

(101)

(239) (537)

1,702

Legal and tax risks (4)

Loan and guarantee commitments

707 695

(2)

654 661

Provisions for regulated home savings products

37

(71)

Other operating provisions TOTAL PROVISIONS

1,266 6,796

260

(148) (417)

(304)

(15)

1,059

1,650 6,575 Other changes include revaluation differences on defined-benefit retirement plans (-€101 million before tax), the impact of the reclassification of provisions for the BPCE International entities as (1) liabilities held for sale (-€31 million) and foreign exchange rate adjustments for +€45 million. O/w €1,944 million for post-employment defined-benefit plans and other long-term employee benefits (see Note 8.2.1). (2) At December 31, 2018, provisions for restructuring costs notably included: (3) €316 million for the integration of Crédit Foncier’s activities and the reorganization of its expertise throughout Groupe BPCE; ● €15 million for the employment protection plan for BPCE International; ● €11 million for the Coface plan (€31 million at December 31, 2017). ● Provisions for legal and tax risks included €543 million for the net insurance exposure on the Madoff fraud. The provision for Madoff net outstandings totaled €389 million at December 31, 2017. (4) (1,328) (126)

5.13.1 Deposits collected for regulated home savings products

12/31/2018

01/01/2018

in millions of euros

Deposits collected for PEL home savings plans plans less than 4 years old - plans more than 4 years but less than 10 years old -

10,020 52,063 11,085 73,168

8,441

5

51,926 11,481 71,848

plans more than 10 years old -

Deposits collected for regulated home savings plans (PEL) Deposits collected for regulated home savings accounts (CEL)

5,588

5,625

TOTAL DEPOSITS COLLECTED FOR REGULATED HOME SAVINGS PRODUCTS

78,756

77,473

Changes in amounts listed under tranches of less than four years and tranches of between four and 10 years are due to the aging of PEL bands.

5.13.2 Loans granted on regulated home savings products

12/31/2018

01/01/2018

in millions of euros

Loans granted on regulated home savings plans (PEL) Loans granted on regulated home savings accounts (CEL)

45

64

175 220

254 318

TOTAL LOANS GRANTED ON REGULATED HOME SAVINGS PRODUCTS

5.13.3 Provisions for regulated home savings products

12/31/2018

01/01/2018

in millions of euros

Provisions for home savings plans (PEL) plans less than 4 years old - plans more than 4 years but less than 10 years old -

157 257 192 606

147 308 192 647

plans more than 10 years old -

Provisions for home savings plans (PEL)

Provisions for regulated home savings accounts (CEL)

58 (1) (2) (3)

52 (1) (3) (4)

Provisions for home savings plan (PEL) loans Provisions for home savings account (CEL) loans

Provisions for home savings loans

TOTAL PROVISIONS FOR REGULATED HOME SAVINGS PRODUCTS

661

695

The change in provisions for regulated home savings products reflects the aging of PEL bands (see Note 5.13.1).

307

Registration document 2018