BPCE - 2018 Registration document

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

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES AT AMORTIZED COST 10.2

For financial instruments not measured at fair value on the balance sheet, fair value calculations are provided for information purposes and must only be interpreted as estimates. In most cases, the values indicated are not liable to be realized and generally may not be realized in practice. These fair values are thus only calculated for information purposes in the notes to the financial statements. They are not indicators used in the interest of overseeing retail banking activities, for which the management model is based on the collection of expected cash flows. The simplified assumptions used to measure the fair value of instruments at amortized costs are presented in Note 10.1.

12/31/2018

Fair value

Level 1

Level 2

Level 3

in millions of euros

FINANCIAL ASSETS AT AMORTIZED COST Loans and receivables due from credit institutions Loans and receivables due from customers

130,546 182,362 14,450 114,397 59,485 205,781 17,975

126,679 75,646

3,867

106,716

Debt securities

3,652

5,053

5,745

FINANCIAL LIABILITIES AT AMORTIZED COST Amounts due to credit institutions

106,598 53,318 187,959

7,799 6,167 5,829

Amounts due to customers

Debt securities

11,993

Subordinated debt

9,908

7,641

426

5

Fair value of financial assets and liabilities at amortized cost at December 31, 2017 under IAS 39

12/31/2017

Measurement techniques using observable data (Level 2)

Measurement techniques using unobservable data (Level 3)

Price quoted in an active market (Level 1)

Fair value

in millions of euros

FINANCIAL ASSETS AT AMORTIZED COST Loans and receivables due from credit institutions Loans and receivables due from customers

124,608 243,114

120,582 101,990

4,026

1,536 2,247

139,588

Held-to-maturity financial assets

2,449

79

123

FINANCIAL LIABILITIES AT AMORTIZED COST Amounts due to credit institutions

122,298 116,014 210,036 20,228

109,309 110,367 136,408 19,562

12,989

Amounts due to customers

5,647

Debt securities

991

72,637

Subordinated debt

666

513

Registration document 2018