BPCE - 2018 Registration document

1 PRESENTATION OF GROUPE BPCE Organization of Groupe BPCE

Three-pillar structure

TWO BPCE SA GROUP COOPERATIVE SHAREHOLDER NETWORKS

Under the cooperative banking model, cooperative shareholding customers are the focal point of the Group’s governance. The Banque Populaire banks and Caisses d’Epargne are credit institutions wholly-owned by their cooperative shareholders ( via LSCs – Local Savings Companies – for the Caisses d’Epargne). Cooperative shareholding customers – both individuals and legal entities – play an active part in the life, ambitions and development of their bank. Being a cooperative shareholder means owning a cooperative share (not quoted on the stock exchange), representing a portion of the share capital in a Banque Populaire bank or an LSC for the Caisses d’Epargne, and playing a role in the bank’s operation by taking part in Annual General Shareholders’ Meetings and voting to approve the financial statements and resolutions, validating management decisions and electing Directors. Voting rights are exercised in accordance with the cooperative principle of “1 person = 1 vote”, no matter how many cooperative shares are held. Each institution is governed by a Board of Directors for the Banque Populaire banks, or a Steering and Supervisory Board and a Management Board for the Caisses d’Epargne.

See Chapter 3 – Corporate governance.

BPCE SA GROUP: THE CENTRAL INSTITUTION DEDICATED TO ACHIEVING THE GROUP’S AMBITIONS

BPCE SA group is responsible for the Group’s strategy, coordination and organization. The main duties of the central institution, as defined by the act of June 18, 2009, are: coordinating business policies; ● representing the Group and its networks, and negotiating national/international agreements on their behalf; ● representing the Group and its networks as an employer; ● taking all necessary measures to ensure the Group’s liquidity and solvency, risk management and internal control. ● All credit institutions affiliated with the central institution are covered by a guarantee and solidarity mechanism. The scope of affiliated entities is mainly comprised of the Banque Populaire and Caisse d’Epargne networks and Natixis.

See Chapter 7 – Legal information.

SPECIALIZED SUBSIDIARIES

Natixis boasts several areas of expertise, which are organized into four main business divisions: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services. It serves its own customer base of corporates, financial institutions and institutional investors, as well as the individual, professional and SME customers of both Groupe BPCE networks and its subsidiaries, covering 38 countries. As a bank for corporate and wealth management customers, Banque Palatine helps its customers achieve their personal and professional ambitions alike. Currently 10% of French corporations generating revenue of more than € 30 million are Banque Palatine customers.

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Registration document 2018