BPCE - 2018 Registration document

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

At December 31, 2017

Asset management

Structured Financing Other activities

Securitization

in millions of euros

Financial assets at fair value through profit or loss

233 124

10,300

935

308 308

Trading derivatives

227

99

Trading financial instruments (excluding derivatives)

88 21

5,008 5,065 4,307 1,887

623 213

Financial instruments designated at fair value through profit or loss

Available-for-sale financial assets

874

61

190

Loans and receivables

3,634

14,235

1,302

Other assets

16

38

39

27

TOTAL ASSETS

4,757

16,532

15,270

1,827

Financial liabilities at fair value through profit or loss

103

237

499

37

Provisions

5

42

6

TOTAL LIABILITIES

103

242 515

541

43

Financing commitments given Guarantee commitments given

4,457

2,422 2,297 3,099 2,380

593

191

6,340

67

Guarantees received

10

331 922

Notional amount of derivatives MAXIMUM LOSS EXPOSURE SIZE OF STRUCTURED ENTITIES

1,235

286

10,640 56,208

23,658 256,784

19,228 71,717

3,072 4,123

it is involved in the creation and structuring of the structured ● entity; it contributes to the success of the entity by transferring assets to ● it or by managing relevant activities. When the Group entity’s role is limited to one of advisor, arranger, custodian or placement agent, the structured entity is not considered to be sponsored. Groupe BPCE plays the role of sponsor for: UCITS initiated by a management company belonging to Groupe ● BPCE and in which Groupe BPCE holds no investment or any other interest. Reported income includes management and outperformance fees charged by Groupe BPCE entities, as well as profit or loss from ordinary business with these funds; a US activity of origination and disposal of portfolios of home loans ● to securitization vehicles created by the Natixis group with third parties and in which Natixis group holds no interests. Reported income includes structuring fees as well as gains or losses on the disposal of receivables.

Securitization transactions in which Groupe BPCE is simply an investor are listed in the Risk Management – Securitizations section. The size criterion used varies according to the types of structured entities: securitization, the total amount of the entities’ issues on the ● liabilities side; asset management: the net assets of collective investment vehicles ● (other than securitization); structured financing: the total amount of financing outstandings ●

5

remaining due by the entities; other activities, total assets. ●

Income and carrying amount from assets transferred 12.5.3 to sponsored non-consolidated structured entities A structured entity is sponsored by a Group entity when the two following indicators are both satisfied:

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Registration document 2018