BPCE - 2018 Registration document

4 ACTIVITIES AND FINANCIAL INFORMATION 2018 Groupe BPCE financial data

Loans and receivables due from credit institutions

amounted to € 194.9 billion, down by € 12.1 billion (-5.8%) over the period, due to the decrease in securities sold short (- € 5.5 billion), securities sold under repurchase agreements to credit institutions and for trading purposes to customers (- € 8.0 billion) and, to a lesser extent, trading derivatives (- € 0.9 billion). Amounts due to credit institutions Amounts due to credit institutions consist mainly of borrowings and to a lesser extent current accounts and repurchase agreements. In 2018, they amounted to € 85.7 billion, up + € 1.0 billion (+1.2%) year-on-year, attributable to the increase in term borrowings (+ € 5.2 billion), which was partially offset by the decline in amounts due to credit institutions on demand (- € 4.2 billion). Amounts due to customers Customer deposits mainly comprise current accounts in credit, term accounts, savings accounts and repurchase agreements. This line totaled € 530.3 billion at December 31, 2018, an increase of € 13.6 billion compared to January 1, 2018 stemming mainly from: a sharp rise in current accounts in credit (+ € 14.4 billion); ● a decline in current accounts and term accounts (- € 4.8 billion); ● higher investments in regulated savings accounts (+ € 5.0 billion), ● powered by a strong performance in home savings plans (+ € 1.2 billion) and passbook savings account inflows (+ € 4.1 billion); a stable performance in securities sold under repurchase ● agreements. Debt securities Debt securities predominantly consist of negotiable debt securities and bonds, which stood at € 216.9 billion at December 31, 2018. The solidity of Senior Non-Preferred debt (+ € 7.7 billion) offset the decline in bonds (- € 7.0 billion), adversely affected by upward pressure on key rates. Liabilities related to insurance policies This line mainly comprises technical liabilities related to insurance policies and financial contracts, which amounted to € 98.9 billion at December 31, 2018 (+ € 5.1 billion). Shareholders’ equity Equity attributable to equity holders of the parent totaled € 66.2 billion at December 31, 2018 versus € 62.5 billion at

Loans and receivables due from credit institutions (net of provisions) amounted to € 91.1 billion at December 31, 2018, up by € 0.9 billion compared to January 1, 2018. They consisted of current accounts, loans to credit institutions and security deposits. Non-performing loan outstandings and recognized impairments were relatively stable over the period. Loans and receivables due from customers Loans and receivables due from customers comprise current accounts with overdrafts, customer loans, repurchase agreements and finance leases. Net outstanding loans and receivables due from customers totaled € 659.3 billion, up € 32.8 billion year-on-year (+5.2%), thanks in large part to resilient groupwide performances, with special mention going to Retail Banking and Insurance. This performance can be attributed to the Caisses d’Epargne network for + € 16.6 billion and the Banque Populaire network for + € 11.7 billion. This momentum was mainly propelled by home loans (+ € 18.9 billion, up 5.7%), but also by equipment loans (+ € 6.4 billion) and short-term credit facilities (+ € 5.3 billion). Non-performing loans accounted for 2.8% of gross loan outstandings at December 31, 2018. Insurance business investments Insurance business investments are comprised of investments at fair value through profit or loss, including derivative financial instruments, available-for-sale investments, and loans and receivables due from customers. This portfolio totaled € 110.3 billion at December 31, 2018 versus € 103.2 billion at January 1, 2018. The € 7.1 billion increase was the result of fast-growing business (+6.9%). Natixis carried 86.7% of outstandings at December 31, 2018. Sales momentum was very strong in Provident and non-life insurance, while life insurance AuM once again enjoyed robust growth. CHANGES IN SIGNIFICANT LIABILITY AND EQUITY ITEMS At December 31, 2018, nearly 93.6% of all balance sheet liabilities were comprised of the following: amounts due to customers (41.6%) and credit institutions (6.7%); ● debt securities (17.0%); ● financial liabilities at fair value through profit or loss (15.3%); ● liabilities related to insurance policies (7.8%); ● equity attributable to equity holders of the parent (5.2%). ● Financial liabilities at fair value through profit or loss On the liabilities side, this portfolio consists of debt instruments carried at fair value at the reporting date with an offsetting entry in the income statement. At December 31, 2018, these liabilities

January 1, 2018. This increase resulted from: net income for the period: + € 3.0 billion; ●

the change in capital: + € 1.4 billion in respect of issues, net of ● redemptions, of Banque Populaire and Caisse d’Epargne cooperative shares.

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Registration document 2018