BPCE - 2018 Registration document

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

At December 31, 2017

Asset Management

Structured Financing

Other activities

Securitization

in millions of euros

Financial assets at fair value through profit or loss

233 124

9,368

901

308 308

Trading derivatives

227

65

Trading financial instruments (excluding derivatives)

88 21

4,077 5,064 2,956 1,791

623 213

Financial instruments designated at fair value through profit or loss

Available-for-sale financial assets

841

15

40

Loans and receivables

3,628

12,876

1,014

Other assets

16

38

39

28

TOTAL ASSETS

4,718

14,153

13,831

1,390

Financial liabilities at fair value through profit or loss

103

237

499

38

Provisions

1

3

1

TOTAL LIABILITIES

103

238 488

502

39

Financing commitments given Guarantee commitments given

4,457

2,091 2,057 2,807 2,380

548

167

5,881

34

Collateral received

1

263 922

Notional amount of derivatives MAXIMUM LOSS EXPOSURE Size of structured entities

1,235

286

10,577 55,500

20,806 199,546

17,549 64,365

2,630 1,257

5

Securitization transactions in which BPCE SA group is simply an investor are listed in the Risk Management – Securitizations section. The size criterion used varies according to the types of structured entities: securitization, the total amount of the entities’ issues on the ● liabilities side; asset management: the net assets of collective investment vehicles ● (other than securitization); structured financing: the total amount of financing outstandings ●

it is involved in the creation and structuring of the structured ● entity; it contributes to the success of the entity by transferring assets to ● it or by managing relevant activities. When the Group entity’s role is limited to one of advisor, arranger, custodian or placement agent, the structured entity is not considered to be sponsored. BPCE SA group plays the role of sponsor for: UCITS initiated by a management company belonging to BPCE SA ● group and in which BPCE SA group holds no investment or any other interest. Reported income includes management and outperformance fees charged by BPCE SA group entities, as well as profit or loss from ordinary business with these funds; a US activity of origination and disposal of portfolios of home loans ● to securitization vehicles created by the Natixis group with third parties and in which Natixis group holds no interests. Reported income includes structuring fees as well as gains or losses on the disposal of receivables.

remaining due by the entities; other activities, total assets. ●

Income and carrying amount from assets transferred 12.5.3 to sponsored non-consolidated structured entities A structured entity is sponsored by a Group entity when the two following indicators are both satisfied:

525

Registration document 2018