BPCE - 2018 Registration document

RISK REPORT Liquidity, interest rate and foreign exchange risks

CUSTOMER LOAN-TO-DEPOSIT RATIO The Group’s LTD (Loan-to-Deposit) ratio (1) was 124% at December 31, 2018 ( versus 120% at December 31, 2017).

TABLE 82 – SOURCES AND USES OF FUNDS BY MATURITY ➡

Less than 1 month

1 to 3 months

3 months to 1 year

1 to 5 years

Over 5 years

No fixed maturity

Total at 12/31/2018

in millions of euros

Cash and amounts due from central banks Financial assets at fair value through profit or loss

76,456

2

76,458

200,516 200,516 Financial assets at fair value through other comprehensive income 1,486 1,034 3,115 20,676 10,452 3,325 40,088 Hedging derivatives 8,160 8,160 Securities at amortized cost 1,060 129 5,309 8,791 12,905 3,581 31,776 Loans and receivables due from credit institutions and similar items at amortized cost 74,830 7,786 5,090 1,127 1,303 1,005 91,142 Loans and receivables due from customers at amortized cost 57,177 18,521 51,998 204,304 315,912 11,369 659,281 Revaluation differences on interest rate risk-hedged portfolios 5,480 5,480 Financial assets by maturity 211,009 27,473 65,513 234,898 340,572 233,436 1,112,901 Amounts due to central banks 9 9 Financial liabilities at fair value through profit or loss 1,954 373 1,685 6,113 14,419 170,323 194,867 Hedging derivatives 13,589 13,589 Debt securities 17,594 30,236 44,520 63,401 56,590 4,537 216,878 Amounts due to credit institutions and similar items 21,503 10,112 8,444 31,998 9,060 4,545 85,662 Amounts due to customers 416,023 17,786 27,314 51,911 16,799 489 530,323 Subordinated debt 368 615 8 2,431 12,313 1,863 17,598 Revaluation differences on interest rate risk-hedged portfolios 221 221 Financial liabilities by maturity 457,451 59,122 81,972 155,854 109,181 195,567 1,059,147 Loan commitments given to credit institutions 111 107 305 309 533 1,365 Loan commitments given to customers 27,752 5,413 19,029 49,424 16,369 355 118,343 TOTAL LOAN COMMITMENTS GIVEN 27,863 5,520 19,335 49,734 16,369 888 119,708 Guarantee commitments given to credit institutions 207 408 321 1 920 44 1,902 Guarantee commitments given to customers 5,397 3,642 7,700 11,438 5,479 4,420 38,077 TOTAL GUARANTEE COMMITMENTS GIVEN 5,603 4,051 8,021 11,440 6,399 4,464 39,978

6

Financial instruments marked to market on the income statement and held in the trading book, variable-income available-for-sale financial assets, non-performing loans, hedging derivatives and revaluation differences on interest rate risk-hedged portfolios are placed in the “No fixed maturity” column. These financial instruments are: either held for sale or redeemed prior to their contractual maturity; ● or held for sale or redeemed at an indeterminable date (particularly ● where they have no contractual maturity); or measured on the balance sheet for an amount impacted by ● revaluation effects.

Accrued interest not yet due is shown in the “Less than 1 month” column. The amounts shown are contractual amounts excluding projected interest. The technical provisions of Insurance companies, which, for the most part are equivalent to demand deposits, are not shown in the Table above. FUNDING STRATEGY AND CONDITIONS IN 2018 One of the Group’s priorities in terms of medium- and long-term funding on the markets is to ensure that sources of funding are properly diversified, in terms of types of investors, vehicles, geographic regions and currencies.

Excluding SCF (Compagnie de Financement Foncier, the Group’s “société de crédit foncier”, a French covered bond issuer). (1)

675

Registration document 2018