BPCE - 2018 Registration document

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

6.2

GUARANTEE COMMITMENTS

12/31/2018

01/01/2018

in millions of euros

Guarantee commitments given to: credit institutions -

5,892

6,162

Customers* -

27,713 33,605

25,676 31,838

TOTAL GUARANTEE COMMITMENTS GIVEN Guarantee commitments received from: credit institutions -

20,942 92,207 113,149

17,372 87,476

customers -

TOTAL GUARANTEE COMMITMENTS RECEIVED 104,848 The guarantees given by CEGC in connection with its activity are treated as insurance policies for accounting purposes, in accordance with IFRS 4 “Insurance contracts.” They are recorded on the * liabilities side of the balance sheet and are not included in guarantees given to customers shown in the table above.

Guarantee commitments are off-balance sheet commitments. “Securities pledged as collateral” are included in Note 5.19 “Transferred financial assets not fully derecognized and other financial assets pledged as collateral”.

“Securities received as collateral” that can be sold or repledged are included in Note 5.19.1.3 “Financial assets received as collateral that can be sold or repledged”.

Note 7

Exposure to risks

Information relating to capital management as well as regulatory ratios are presented in the Risk Management section. Information on financial assets with past due payments and remodeling due to financial difficulties is provided in the section on “Credit Risk” in Chapter 3 “Risk Management”.

Information on liquidity risk (analysis of financial assets and liabilities and commitments by contractual maturity date) is provided in the section on “Liquidity, Interest Rate and Exchange Rate Risks” in Chapter 3 “Risk Management”.

5

7.1

CREDIT RISK AND COUNTERPARTY RISK

Highlights Credit risk is the risk that one party to a financial transaction fails to fulfil his obligations, causing the other party to incur a financial loss.

Perf. exposures (watchlist)

Performing exposures

In default

IAS 39

Sector provisions

Collective provisions

Specific provisions

Stage 2

Stage 3

Stage 1

12-month ECL

Lifetime ECL

Lifetime ECL

IFRS 9

Deterioration of the credit risk to the point where the asset is non-performing

If significant increase in credit risk

Significant inc./dec. in credit risk

Significant inc./dec. in credit risk

Transition IMPACTS

Minor impact

Major impact

473

Registration document 2018