AFD - Universal Registration Document 2020

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS Notes to the consolidated financial statements

❙ Financing commitments

At 31 Ǿ December 2019

At 31 Ǿ December Ǿ 2020

Doubtful assets

Doubtful assets

Performing assets

Total

Performing assets

Total

Bucket Ǿ 3

Bucket Ǿ 3

Bucket Ǿ 1 Bucket Ǿ 2

Bucket Ǿ 1 Bucket Ǿ 2

In thousands of euros Rating from AAA to BBB- (Investment) from BB+ to CCC (Speculative) (not applicable)*

1,035,623

8,070

-

1,043,693 1,103,294

730

-

1,104,024

1,650,580 841,167

- -

2,491,747 1,610,642 698,377

- -

2,309,019

180,132

- -

180,132 181,325

- -

181,325

Doubtful**

-

93,883

93,883

-

131,493 131,493

TOTAL

2,866,335 849,236 93,883 3,809,455 2,895,261 699,108 131,493 3,725,861

* Unused assets relate to budgets granted pending allocation to a fi nal bene fi ciary As at 31 Ǿ December 2019 As at 31 Ǿ December Ǿ 2020 Performing assets Performing assets. ** The CCC rating used at the end of 2019 as the fi rst notch of doubtful debt was replaced in the course of Ǿ 2020 by a new wording “D+”. The CCC rating now corresponds to the latest performing rating. This change was made to make the internal rating scale more consistent so that all doubtful third parties have a rating starting with a “D”. ❙ Guarantee commitments

At 31 Ǿ December 2019

At 31 Ǿ December Ǿ 2020

Doubtful assets

Doubtful assets

Performing assets

Total

Performing assets

Total

Bucket 3

Bucket 3

Bucket 1 Bucket 2

Bucket 1 Bucket 2

In thousands of euros Rating from AAA to BBB- (Investment) from BB+ to CCC (Speculative)

32,332

1,031

-

33,363 26,151

545

-

26,696

65,891 514,333

- -

580,224 83,874 446,345

- -

530,219

(not applicable)

- -

26,198

26,198 36,807

- -

- -

-

Doubtful

-

36,807

49,041

49,041

6

TOTAL

98,223 541,562

36,807 676,592 110,024 446,891

49,041 605,956

Exposure to credit risk: Change in the book values and value adjustments for losses over the period Value adjustments for losses correspond to impairment on assets and provisions on off-balance sheet commitments recognised in net income (“Cost of risk”) in respect of the credit risk. In thousands of euros Stage Ǿ 1 Stage Ǿ 2 Stage Ǿ 3 Total Provisions at 31/12/2019 15,010,426 312,851,905 632,175,359 960,037,690 New signatures 4,695,208 16,884,199 21,579,408 Extinct exposures -547,455 -5,194,765 -5,742,220 Change in exposure 159,919 6,063,016 6,222,935 Stage change -3,977,550 25,790,343 21,812,793 Other (including changes in parameters) -2,026,270 41,503,992 39,477,723 Total change in provisions -1,696,147 85,046,786 -70,207,921 13,142,717 PROVISIONS AT 31/12/2020 EXCLUDING SECTORAL PROVISION 13,314,279 397,898,691 561,967,438 973,180,407 PROVISIONS AT 31/12/2020 WITH SECTORAL PROVISION 13,293,831 477,298,691 561,967,438 1,052,559,959

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2020 UNIVERSAL REGISTRATION DOCUMENT