BPCE - 2018 Registration document

FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2018

Financial assets in the trading book mainly include proprietary securities transactions, repurchase agreements and derivative instruments contracted by the Group to manage its risk exposure.

12/31/2018

01/01/2018

Financial assets mandatorily recognized at fair value through profit or loss

Financial assets mandatorily recognized at fair value through profit or loss

Other financial assets

Other financial assets

Financial assets

Financial assets

Financial assets considered part of a

mandatorily recognized at fair value

Financial assets considered part of a

mandatorily recognized at fair value

designated at fair value

designated at fair value

through profit or loss(1)

through profit or loss (2)(3)

through profit or loss (2)(3)

through profit or loss (1)

trading activity

trading activity 10,096

Total

Total

in millions of euros

Treasury bills and equivalent Bonds and other debt securities

5,015 7,026

5,016

10,097 11,842 21,938

3,945 3,945

10,971 15,986

8,115

3,727 3,727

Debt securities

12,041

18,211

Loans to credit institutions excluding repurchase agreements Customer loans excluding repurchase agreements

10

1,079

2

1,090

104

1,320

1,424

3,874

2,107

5,981

4,317

2,528

6,845

Repurchase agreements (4)

84,638 88,522 22,761 48,848 16,214

84,638 91,710 23,553 48,848 16,214

83,415 87,836 28,033 50,985 15,350

83,415 91,683 28,942 50,985 15,350

Loans

3,186

2

3,848

Equity instruments Trading derivatives (4) Security deposits paid

792

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908

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5

TOTAL FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

188,386

7,923

2 196,311 200,415

8,483

208,898

Only in case of an accounting mismatch (1) Consisting of non-SPPI assets that fall outside the scope of a trading activity, including units of UCITS and private equity investment funds presented in bonds and other debt securities (€2,972 million (2) at December 31, 2018). Loans to customers include some structured loans to local authorities. This category also includes equity instruments the Group decided not to recognize through other comprehensive income for a total of €792 million at December 31, 2018. The criteria used by BPCE SA group to categorize financial assets at fair value through profit or loss if they do not meet the SPPI criteria are provided in Note 2.5.1. (3) Furthermore, this information is presented in consideration of netting effects, in accordance with IAS 32 (see Note 5.18.1). (4)

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Registration document 2018