BPCE - 2018 Registration document
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
Results of the Retail Banking and Insurance sub-divisions*
Banque Populaire banks
Specialized Financial Services
Retail Banking and Insurance
Caisses d’Epargne
Insurance
Other networks
2018
2018
2018
2018
2018
2018
2017 pf
2017
2017
2017
2017
2017 pf
in millions of euros Net banking income Operating expenses
6,371 6,294 6,952 7,086 1,472 1,382
790
734 1,211 1,187 16,795 16,683
(4,350)
(4,422)
(4,715)
(4,788)
(1,004)
(939)
(448)
(439)
(1,256)
(907)
(11,772)
(11,494)
Gross operating income
2,021 1,873 2,237 2,298
468
443
342
295
(45)
280 5,023 5,189
Cost/income ratio
68.3% 70.2% 67.8% 67.6% 68.2% 67.9% 56.7% 59.8% ns 76.4% 70.1% 68.9%
Cost of risk
(479)
(448)
(395)
(365)
(23)
(73)
-
(175)
(220)
(1,072)
(1,105)
Share in income of equity-accounted associates Gains or losses on other assets
29
35 (9)
-
-
-
15
13
1
1
44
49
-
2
(4)
1
-
-
(42)
(17)
(40)
(29)
INCOME BEFORE TAX 44 3,956 4,104 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 division). * 1,570 1,451 1,844 1,930 445 371 356 308 (260)
Segment analysis of the consolidated balance sheet 12.1.2
Corporate & Investment Banking
Retail Banking
Asset & Wealth Management
Corporate center
Groupe BPCE
12/31/2018
12/31/2018
12/31/2018
12/31/2018
12/31/2018
01/01/2018
01/01/2018
01/01/2018
01/01/2018
01/01/2018
in millions of euros Segment assets Segment liabilities
956,168 956,168
921,871 921,871
2,476 2,476
4,731 4,731
301,101 301,101
320,979 320,979
14,182 14,182
11,292 1,273,926 1,258,873 11,292 1,273,926 1,258,873
5
Specialized Financial Services
Natixis’ Insurance business
Banque Populaire banks Caisses d’Epargne
Other networks
Retail banking
12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 309,202 296,545 389,413 370,755 25,520 25,013 96,975 90,678 135,059 138,880 956,168 921,871 309,202 296,545 389,413 370,755 25,520 25,013 96,975 90,678 135,059 138,880 956,168 921,871
in millions of euros Segment assets Segment liabilities
N.B. Change in segment information for the consolidated balance sheet. Presentation of the economic contribution by sub-division representing the performance of each sub-division as an independent source of value in Groupe BPCE. To allow comparison, the opening balance sheet data apply the new methodology.
Segment reporting by geographic region 12.1.3 The geographic analysis of segment assets and results is based on the location where business activities are recognized. Net banking income
2018 fiscal year under IFRS 9
2017 fiscal year under IAS 39
in millions of euros
France
19,035
18,663
Rest of Europe North America Rest of world
1,499 2,632
1,448 2,640
835
969
TOTAL
24,001
23,720
Total segment assets
12/31/2018 1,152,268
01/01/2018 1,141,188
in millions of euros
France
Rest of Europe North America Rest of world
27,753 57,511 36,394
24,030 59,779 33,877
TOTAL
1,273,926
1,258,873
365
Registration document 2018
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