BPCE - 2018 Registration document

5 FINANCIAL REPORT

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

Expense for the period for loyalty and performance plans

Fiscal year 2018

Plans settled in cash indexed to Natixis shares

Plans settled in shares

Total

Fiscal year 2017

in millions of euros Previous loyalty plans

(14)

(14)

(31)

Loyalty plans from the fiscal year

(2) (2)

(2)

(6)

TOTAL

(14)

(16)

(37)

Valuation inputs used to assess the expense relative to these plans

12/31/2018

12/31/2017

Share price

4.12

6.60

Risk-free interest rate Dividend pay-out ratio

(0.64%) 11.35% 4.61%

(0.67%) 6.57% 3.90%

Loss of rights rate

Loyalty and performance plans settled in cash Some employees are awarded loyalty and performance bonuses with estimated expense accounts for an actuarial estimate of these deferred payment in cash. These bonuses are subject to attendance conditions being met. It is spread over the vesting period for the and performance conditions. In terms of accounting treatment, they benefits. The amount recognized in respect of fiscal year 2018 was: are recorded under “Other long-term employee benefits”. The

Fiscal year 2017 in millions of euros

Fiscal year 2018 in millions of euros

Year of plan

Grant date

Vesting date March 2016 March 2017 March 2018 March 2017 March 2018 March 2018 March 2019 March 2019 March 2020

2014 plan

02/18/2015

(3)

2015 plan

02/10/2016

(1)

(6)

2016 plan

04/10/2017

(7)

(16)

2017 plan 2018 plan

02/23/2018

(19) (29) (56)

(20)

TOTAL

(44)

332

Registration document 2018