BPCE - 2018 Registration document

4 ACTIVITIES AND FINANCIAL INFORMATION 2018 Groupe BPCE financial data

Wealth Management, with Natixis Wealth Management, which ● offers wealth management and financing solutions for large private-sector investors. Corporate & Investment Banking, a division of Natixis: Corporate & Investment Banking advises and supports corporates, ● institutional investors, insurance companies, banks and public-sector entities. The Corporate center, which primarily includes: the Group’s central institution and holding company; ●

Natixis’ equity interests in Coface, Natixis Algérie and Natixis ● Private Equity; unlisted investments and cross-business activities; ● items related to goodwill impairment and amortization of valuation ● differences, which are associated with the Group’s equity interest acquisition strategy; the contribution to the Single Resolution Fund and the Deposit ● Guarantee Fund.

4.3.3

Income statement by sector (1)

Corporate & Investment Banking

Retail Banking and Insurance

Asset & Wealth Management

Corporate center

Groupe BPCE

2018

2018

2018

2018

2018

2017 pf

2017

2017

2017 pf

2017

in millions of euros

Net banking income Operating expenses

16,795 16,683 3,419 3,113 3,237 3,581 550 342 24,001 23,720

(11,772)

(11,494)

(2,264)

(2,178)

(2,193)

(2,194)

(1,458)

(1,233)

(17,687)

(17,099)

Gross operating income

5,023 5,189 1,154 936 1,045 1,387 (908) 70.1% 68.9% 66.2% 69.9% 67.7% 61.3% ns

(891)

6,314 6,621

Cost/income ratio

ns 73.7% 72.1%

Cost of risk

(1,072)

(1,105)

(1)

0 (175)

(115)

(51)

(164)

(1,299)

(1,384)

Share in income of equity-accounted associates Gains or losses on other assets Change in the value of goodwill

44

49

3

1

12

10 226 216

284

276

(40)

(29)

43

13

3

18

9

86

15

88

(16)

(85)

(16)

(85)

Income before tax

3,956 4,104 1,198 950 884 1,300 (742)

(838)

5,297 5,516

Income tax

(1,289)

(1,334)

(323)

(329)

(235)

(380)

370 232 (1,477)

(1,811)

Non-controlling interests (minority interests)

(170)

(136)

(415)

(276)

(194)

(269)

(14)

1 (793)

(681)

EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT

2,496 2,634 460 345 455 651 (386)

(605)

3,026 3,024

Net banking income for the Group’s three business divisions improved The relative contribution of Group business lines to net banking slightly (+0.3%) compared to 2017, reflecting solid performances by income was 72% for Retail Banking and Insurance, 14% for Asset Asset Management coupled with resilient earnings by Retail Banking & Wealth Management and 14% for Corporate & Investment and Insurance despite the persistently low interest rate environment. Banking.

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 (1) division).

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Registration document 2018