BPCE - 2018 Registration document

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

Results of the Retail Banking and Insurance sub-divisions*

Banque Populaire banks

Specialized Financial Services

Retail Banking and Insurance

Caisses d’Epargne

Insurance

Other networks

2018

2018

2018

2018

2018

2018

2017 pf

2017

2017

2017

2017

2017 pf

in millions of euros Net banking income Operating expenses

6,371 6,294 6,952 7,086 1,472 1,382

790

734 1,211 1,187 16,795 16,683

(4,350)

(4,422)

(4,715)

(4,788)

(1,004)

(939)

(448)

(439)

(1,256)

(907)

(11,772)

(11,494)

Gross operating income

2,021 1,873 2,237 2,298

468

443

342

295

(45)

280 5,023 5,189

Cost/income ratio

68.3% 70.2% 67.8% 67.6% 68.2% 67.9% 56.7% 59.8% ns 76.4% 70.1% 68.9%

Cost of risk

(479)

(448)

(395)

(365)

(23)

(73)

-

(175)

(220)

(1,072)

(1,105)

Share in income of equity-accounted associates Gains or losses on other assets

29

35 (9)

-

-

-

15

13

1

1

44

49

-

2

(4)

1

-

-

(42)

(17)

(40)

(29)

INCOME BEFORE TAX 44 3,956 4,104 2017 segment information for Groupe BPCE is stated pro forma of the transfer of Ouest Croissance from the Corporate center to the Banque Populaire network (Retail Banking and Insurance division). * 1,570 1,451 1,844 1,930 445 371 356 308 (260)

Segment analysis of the consolidated balance sheet 12.1.2

Corporate & Investment Banking

Retail Banking

Asset & Wealth Management

Corporate center

Groupe BPCE

12/31/2018

12/31/2018

12/31/2018

12/31/2018

12/31/2018

01/01/2018

01/01/2018

01/01/2018

01/01/2018

01/01/2018

in millions of euros Segment assets Segment liabilities

956,168 956,168

921,871 921,871

2,476 2,476

4,731 4,731

301,101 301,101

320,979 320,979

14,182 14,182

11,292 1,273,926 1,258,873 11,292 1,273,926 1,258,873

5

Specialized Financial Services

Natixis’ Insurance business

Banque Populaire banks Caisses d’Epargne

Other networks

Retail banking

12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 309,202 296,545 389,413 370,755 25,520 25,013 96,975 90,678 135,059 138,880 956,168 921,871 309,202 296,545 389,413 370,755 25,520 25,013 96,975 90,678 135,059 138,880 956,168 921,871

in millions of euros Segment assets Segment liabilities

N.B. Change in segment information for the consolidated balance sheet. Presentation of the economic contribution by sub-division representing the performance of each sub-division as an independent source of value in Groupe BPCE. To allow comparison, the opening balance sheet data apply the new methodology.

Segment reporting by geographic region 12.1.3 The geographic analysis of segment assets and results is based on the location where business activities are recognized. Net banking income

2018 fiscal year under IFRS 9

2017 fiscal year under IAS 39

in millions of euros

France

19,035

18,663

Rest of Europe North America Rest of world

1,499 2,632

1,448 2,640

835

969

TOTAL

24,001

23,720

Total segment assets

12/31/2018 1,152,268

01/01/2018 1,141,188

in millions of euros

France

Rest of Europe North America Rest of world

27,753 57,511 36,394

24,030 59,779 33,877

TOTAL

1,273,926

1,258,873

365

Registration document 2018