AFD_REGISTRATION_DOCUMENT_2017

4

RISK MANAGEMENT

BaselbIII pillarb3

As for equity investments, the relevant consolidated balance sheet headings are presented in the table below: EQUITY STAKES

31/12/2017 IFRS

31/12/2016 IFRS

Listed Unlisted

Total 8,676

Listed Unlisted

Total 11,248

In thousands of euros

Equity stakes at fair value through profit and loss

b

8,676

b

11,248

Equity stakes included in available-for-sale financial assets

61,747 1,185,002 1,246,749

52,349 1,079,711 1,132,061

Companies accounted for by the equity method

b

146,156

146,156

b

165,982

165,982

TOTAL

61,747 1,339,834 1,401,581

52,349 1,256,941 1,309,291

Similarly, the following table breaks down the various items making up the derivatives heading presented in Notesb1band 2bto the financial statements: DERIVATIVES

31/12/2017 IFRS

31/12/2016 IFRS

Assets

Assets

In thousands of euros Fair value hedging Interest rate derivatives

b

b

1,123,766

1,439,698

Interest rate and foreign exchange derivatives (cross-currency swaps)

556,022

950,684

TOTALb1

1,679,788

2,390,382

Financial assets at fair value

b

b

Interest rate derivatives

3,003

6,146

Foreign exchange derivatives

143,622

104,238

CVA/DVA TOTALb2

226

697

146,851

111,081

TOTAL DERIVATIVES

1,826,639

2,501,463

All derivative transactions are carried out with credit institutions in OECD countries. The off-balance sheet commitments given consist of financing commitments related to undisbursed amounts under signed loan agreements and guarantees. OFF-BALANCE SHEET COMMITMENTS GIVEN (FINANCING AND GUARANTEES) ACCORDING TO COUNTERPARTY TYPE

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros COMMITMENTS GIVEN

12,574,332 1,732,334 10,257,041 11,989,375

11,184,505

Financing commitments made to credit institutions Financing commitments made to customers

1,600,964 9,055,181

SUBTOTAL FINANCING COMMITMENTS

10,656,145

Guarantee commitments made to credit institutions Guarantee commitments made to customers SUBTOTAL GUARANTEE COMMITMENTS

82,053 502,904 584,957

57,059 471,301 528,360

FINANCING COMMITMENTS – GEOGRAPHIC SPREAD AND BREAKDOWN BY TYPE OF ACTIVITY

2017

2016

Amount

%

Amount

%

In millions of euros

FINANCING COMMITMENTS AT THE GROUP’S RISK

11,989 11,449

100%

10,630 10,042

100%

Of which foreign countries

95% 71% 24%

94% 68% 26%

Sovereign

8,541 2,908

7,222 2,820

Non-sovereign

Of which French Overseas Collectivities

540

5% 0% 0%

588

6% 0% 0%

FINANCING COMMITMENTS AT THE STATE’S RISK

0 0

27 27

Loans guaranteed by the State

TOTAL GROUP FINANCING COMMITMENTS

11,989

b

10,656

b

69

REGISTRATION DOCUMENT 2017

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