BPCE - 2018 Registration document

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

Results of the Retail Banking and Insurance sub-divisions

Banque Populaire banks

Caisses d’Epargne

Specialized Financial Services

Retail Banking and Insurance

Insurance

Other networks

2018

2018

2018

2018

2018

2018

2017

2017

2017

2017

2017

2017

in millions of euros

Net banking income Operating expenses

1,472 1,382 790 734 1,210 1,187 3,471 3,303

(1,004)

(939)

(448)

(439) (1,261)

(907) (2,713) (2,284) 281 758 1,019

Gross operating income

468 443 342 295 (51)

Cost/income ratio

68.2% 67.9% 56.7% 59.8% ns 76.4% 78.2% 69.1%

Cost of risk

(23)

(73)

(175)

(220)

(198)

(292)

Share in income of equity-accounted associates Gains or losses on other assets

-

- -

15 13

1

1

15

14

1

(41)

(15)

(40)

(15)

Income before tax

445 371 356 308 (266)

46 536 725

Segment analysis of the consolidated balance sheet 12.1.2

Retail Banking and Insurance Asset & Wealth Management Corporate & Investment Banking

Corporate center

BPCE SA group

12/31/2018

12/31/2018

12/31/2018

01/01/2018 12/31/2018 01/01/2018 12/31/2018 01/01/2018 320,979 190,620 179,090 751,562 759,425 320,979 190,620 179,090 751,562 759,425

01/01/2018

01/01/2018

in millions of euros Segment assets Segment liabilities

257,366 257,366

254,625 254,625

2,476 2,476

4,731 4,731

301,101 301,101

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 BPCE SA group. To allow comparison, the opening balance sheet data apply the new methodology.

5

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

5,963 1,461 2,632

5,568 1,376 2,640

Rest of Europe North America Rest of world

743

915

TOTAL

10,800

10,499

Total segment assets

12/31/2018

01/01/2018

in millions of euros

France

629,903 27,753 57,511 36,395 751,562

641,740 24,030 59,779 33,876 759,425

Rest of Europe North America Rest of world

TOTAL

517

Registration document 2018