BPCE - 2018 Registration document

5 FINANCIAL REPORT

BPCE parent company annual financial statements

TREASURY BILLS, BONDS AND OTHER FIXED-INCOME SECURITIES ➡

12/31/2018

12/31/2017

Securities held for trading

Available- for-sale securities

Securities held for trading

Available- for-sale securities

Securities held to maturity

Securities held to maturity

Total

Total

in millions of euros Listed securities Unlisted securities Securities loaned Securities borrowed Doubtful loans and receivables

2,608 1,013

2,608

2,542 1,783

399 2,941 3,246 5,029

3,280 4,293

2,820

0

0 2,820

1,697

0

0 1,697

68,218

68,218

67,871

67,871

0

0

Accrued interest

29

22

51

29

17

46

TOTAL

71,038

3,650

3,302 77,990

69,568

4,354

3,662 77,584

o/w subordinated notes

0

0

Unrealized capital losses subject to an impairment provision on available-for-sale securities amounted to € 30 million at December 31, 2018, compared with € 16 million at December 31, 2017. Unrealized capital gains on available-for-sale securities totaled € 24 million at December 31, 2018 compared with € 43 million at December 31, 2017. Unrealized capital gains on held-to-maturity securities amounted to € 118 million at December 31, 2018 versus € 101 million at December 31, 2017.

Unrealized capital losses on held-to-maturity securities, whether or not they are subject to an impairment provision to cover counterparty risk, totaled € 106 million at December 31, 2018 compared with € 99 million at December 31, 2017. At December 31, 2018, the portion of bonds and other fixed-income securities issued by public bodies amounted to € 1,103 million compared with € 1,270 million at December 31, 2017.

EQUITIES AND OTHER VARIABLE-INCOME SECURITIES ➡

12/31/2018

12/31/2017

Available- for-sale securities

Securities held for trading

Available- for-sale securities

Securities held for trading

Total

Total

in millions of euros Listed securities Unlisted securities Accrued interest

1,224

1,224

1,224

1,224

51

51

18

18

0

0

TOTAL

0

1,275

1,275

0

1,242

1,242

At December 31, 2017, equities and other variable-income securities included € 1,265 million in UCITS, with accumulation funds accounting for € 1,213 million of that total (compared with € 1,228 million in UCITS at December 31, 2017, with accumulation funds accounting for € 1,213 million of that total). At December 31, 2018, unrealized capital losses on available-for-sale securities subject to impairment amounted to € 37 million. At

December 31, 2017, unrealized capital losses subject to impairment amounted to € 35 million. Unrealized capital gains on available-for-sale securities totaled € 63 million at December 31, 2018. Unrealized capital gains on available-for-sale securities totaled € 77 million at December 31, 2017.

3.3.2

Changes in held-to-maturity securities

Disposals and redemptions

Category transfer

Other changes

12/31/2018

12/31/2017 Purchases

Conversion Discount/premium

in millions of euros

Treasury bills

0

0

0

0

0

Bonds and other fixed-income securities

3,662 3,662

(355) (355)

(18) (18)

8 8

5 5

3,302 3,302

TOTAL

0

0

The changes mainly reflected the disposal and amortization of shares in a portfolio of mortgage loan and public asset securitizations for a nominal amount of € 355 million.

564

Registration document 2018