BPCE - 2018 Registration document

FINANCIAL REPORT BPCE parent company annual financial statements

SUBORDINATED DEBT 3.10

12/31/2018

12/31/2017

in millions of euros

Dated subordinated debt Perpetual subordinated debt

15,270

14,973

31

61

Perpetual deeply subordinated debt

1,462

744 330

Accrued interest

372

TOTAL

17,135

16,108

The amount of bond issue and redemption premiums remaining to be amortized at December 31, 2018 totaled € 95 million. During 2018, BPCE issued a deeply subordinated note for € 700 million.

Perpetual deeply subordinated debt has the following characteristics:

Outstanding at 12/31/2018 (in millions of euros)

Interest rate after initial redemption option date 3M Euribor + 13.13% 3M Libor USD + 12.98% 3M Euribor + 5.04%

Amount (in original currency)

Interest rate after step-up date 3M Euribor +

Next redemption option date

Date of interest step-up

Currency

Issue date

Rate

EUR

08/06/2009

374

374

12.50%

13.13% 09/30/2019 09/30/2019 3M Libor USD + 12.98% 09/30/2019 09/30/2019

USD

08/06/2009

388

444

12.50%

3M Euribor +

EUR

11/30/2018

700

700

5.35%

5.04% 11/30/2023 11/30/2023

TOTAL

1,462

5

FUND FOR GENERAL BANKING RISKS 3.11

12/31/2018

12/31/2017

Increase

Decrease

in millions of euros

Fund for general banking risks

130 130

130 130

TOTAL

0

0

SHAREHOLDERS’ EQUITY 3.12

Additional paid-in capital

Reserves/ other

Retained earnings

Interim dividend

Total equity (excl. FGBR)

Capital

Income

in millions of euros

TOTAL AT DECEMBER 31, 2016

156

12,345

35

3,108

(175)

461 268 729

15,930

Changes during the period

0

0

0

78

(27)

319

TOTAL AT DECEMBER 31, 2017

156

12,345

35

3,186

(202)

16,249

2017 income allocation

527

202

(729)

0

Dividend paid Other changes

(202)

(202)

(404)

2

200

202 391

Net income for the period

391 391

TOTAL AT DECEMBER 31, 2018

158

12,545

35

3,511

(202)

16,438

575

Registration document 2018