BPCE - 2018 Registration document

ACTIVITIES AND FINANCIAL INFORMATION 2018 Outlook for Groupe BPCE

Corporate & Investment Banking: by becoming a leading bank in ● four key sectors: Energy and Natural Resources, Infrastructure, Aviation, Real Estate & Hospitality. The Group will also continue implementing plans aimed at simplifying and invigorating the retail banking business, primarily through BPCE SA group’s acquisition of certain Natixis specialized financing business lines. This plan will allow the retail banking arm to offer even more comprehensive solutions to the customers of the Group networks. In addition, BPCE SA group’s plan to purchase (1) Auchan Holding’s majority stake of 50.1% in Oney Bank SA, the partner to some 400 brick-and-mortar and online retailers, will afford the Group new prospects for the development of financial services in France and 10 other countries. Given the events that have occurred or that could occur after the closing of the financial statements at December 31, 20l8, the actions taken by Groupe BPCE in respect of its non-strategic equity investments could result in disposals at a lower value than their valuation in the financial statements as at December 31, 2018.

Finally, by setting ambitious growth targets for our business lines: Banque Populaire: by developing the affinity model, particularly in ● the civil service sector; Caisse d’Epargne: by serving all customer segments while tailoring ● the sales approach to their profile; Crédit Foncier: by further integrating its activities into the Group; ● Banque Palatine: by developing private banking activities while ● migrating to a shared IT platform; Specialized Financial Services: by boosting market share in all ● business lines; Insurance: by consolidating our position as a top-tier insurer in ● France; Asset & Wealth Management: by confirming our position as a ● world leader in active investment strategies thanks to our size, profitability and capacity for innovation;

4

Subject to the lifting of the conditions precedent and procurement of the necessary regulatory approvals. (1)

243

Registration document 2018