BPCE - 2018 Registration document

6 RISK REPORT Credit risk

PROVISIONS AND IMPAIRMENTS CHANGE IN GROUP COST OF RISK (IN €M) ➡ -6.1%

COST OF RISK IN BP (GROUPE BPCE) ➡

1,384

1,299

163

175 51

115

Corporate & Investment Banking Retail Banking & Insurance Corporate Center

1,106

1,072

-1 bp

20

19

2017

2018

2018 (1)

2017

(1) Excluding non-recurring items

At € 1.3 billion, Groupe BPCE’s cost of risk decreased 6.1% in 2018 compared to 2017. Average annual cost of risk (expressed in basis points versus customer exposures at the start of the period) reached a record low of 19 bp in 2018, down 1 bp from 2017. In Retail Banking and Insurance, cost of risk fell 3% year-on-year. Cost of risk averaged 23 bp for the Banque Populaire banks in 2018

(stable compared to 2017) versus 15 bp for the Caisses d’Epargne (also stable). For Corporate & Investment Banking, cost of risk (excluding non-recurring items) averaged 18 bp, down 2 bp versus 2017.

654

Registration document 2018

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