BPCE - 2018 Registration document

ACTIVITIES AND FINANCIAL INFORMATION 2018 Groupe BPCE financial data

4.3.8

Analysis of the Groupe BPCE consolidated balance sheet

Opening balance sheet (January 1, 2018) in accordance with IFRS 9.

Change

01/01/2018

€bn

%

12/31/2018

in billions of euros

Cash and amounts due from central banks Financial assets at fair value through profit or loss

76.5

94.7 (18.2) 212.5 (12.0)

(19.3%)

200.5

(5.6%)

Hedging derivatives – Positive FV

8.2

9.8

(1.6)

(16.7%) 13.1%

Financial assets at fair value through other comprehensive income

40.1

35.4

4.6

Financial assets at amortized cost

782.2

750.2 32.0

4.3% 1.0% 5.2%

Loans and receivables due from credit institutions Loans and receivables due from customers

91.1

90.2

0.9

659.3

626.4 32.8

Debt securities at amortized cost

31.8

33.5

(1.7) (0.3)

(5.1%) (5.5%)

Revaluation differences on interest rate risk-hedged portfolios

5.5

5.8

4

Insurance business investments

110.3

103.2

7.1 3.3 0.0 0.2

6.9% 8.9%

Current and deferred tax assets and other assets

39.8

36.6

Fixed assets (excluding goodwill)

6.4 4.5

6.4 4.3

(0.3%) 4.3% 1.2%

Goodwill ASSETS

1,273.9

1,258.9 15.1

Amounts due to central banks

0.0

0.0

0.0

ns

Financial liabilities at fair value through profit or loss

194.9

206.9 (12.1)

(5.8%) (7.7%)

Hedging derivatives – Negative FV

13.6

14.7

(1.1)

Financial liabilities at amortized cost (excluding subordinated debt)

832.9

818.5 14.4

1.8% 1.2% 2.6%

Amounts due to credit institutions

85.7

84.6

1.0

Amounts due to customers

530.3 216.9

516.7 13.6

Debt securities

217.1

(0.2) (0.1)

(0.1%)

Revaluation differences on interest rate risk-hedged portfolios Current and deferred tax liabilities and other liabilities

0.2

0.4

(39.9%) 16.4%

35.9 98.9

30.9 93.7

5.1 5.1

Liabilities related to insurance policies

5.5%

Provisions

6.6

6.8

(0.2)

(3.3%) 1.1% 5.5% 6.0% 1.5% 1.2%

Subordinated debt

17.6 73.4 66.2

17.4 69.6 62.5

0.2 3.8 3.7 0.1

Shareholders' equity

Equity attributable to equity holders of the parent

Non-controlling interests

7.2

7.1

LIABILITIES

1,273.9

1,258.9 15.1

Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include assets held for trading, including derivative financial instruments. Total financial instruments measured at fair value through profit or loss decreased by € 12.0 billion compared to January 1, 2018, due to: a decline in treasury bills and similar securities (- € 4.4 billion); ● a decrease in equities and other equity instruments (- € 7.1 billion); ● and, to a lesser extent, a drop in trading derivatives (- € 1.1 billion), ● adversely affected by fixed income and foreign exchange transactions (- € 3.9 billion).

At December 31, 2018, the consolidated balance sheet of Groupe BPCE totaled € 1,273.9 billion, up 1.2% compared with January 1, 2018 (accounting balance sheet under IFRS 9). The return on assets stood at 30 bp in 2018. CHANGES IN SIGNIFICANT ASSET ITEMS The main asset items are loans and receivables due from customers (51.8% of total assets at December 31, 2018) and credit institutions (7.2%), financial assets at fair value through profit or loss (15.7%), and insurance business investments (8.7%). Taken together, these items account for nearly 83.3% of the Group’s assets.

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Registration document 2018