BPCE - 2018 Registration document

Contents

1 PRESENTATION OF GROUPE BPCE 3 Groupe BPCE: committed to serving 1.1 its customers and the economy 4 History 1.2 5 Organization of Groupe BPCE 1.3 6 TEC 2020: a strategic plan focused on digital 1.4 transformation, commitment and growth 9 Performance of Groupe BPCE – Key figures 2018 1.5 11 Groupe BPCE’s business lines 1.6 14 Calendar 1.7 31 Contacts 1.8 31 2 NON-FINANCIAL PERFORMANCE REPORT 33 Sustainable development built on our cooperative 2.1 identity 35 A CSR strategy aimed at incorporating 2.2 sustainable development in our business lines and decision-making processes 44 A range of services to meet the challenges facing 2.3 our customers 56 Sustainable and responsible value creation 2.4 81 Responsible internal practices 2.5 97 CSR reporting methodology 2.6 118 Report by one of the Statutory Auditors, 2.7 appointed as independent third-party, on the consolidated non-financial statement published in the Group management report 122 3 REPORT ON CORPORATE GOVERNANCE 125 Introduction 3.1 126 Corporate Governance Code 3.2 126 Management and Supervisory Bodies 3.3 128 Role and operating rules of governing bodies 3.4 179 Rules and principles governing the determination 3.5 of pay and benefits 190 Potential conflicts of interest 3.6 218 4 ACTIVITIES AND FINANCIAL INFORMATION 2018 221 Foreword 4.1 222 Significant events of 2018 4.2 222 Groupe BPCE financial data 4.3 226 BPCE SA group financial data 4.4 239 Investments 4.5 241 Post-balance sheet events 4.6 241 Outlook for Groupe BPCE 4.7 242

5 FINANCIAL REPORT

245

IFRS Consolidated Financial Statements 5.1 of Groupe BPCE as at December 31, 2018 Statutory Auditors’ report on the consolidated 5.2 financial statements IFRS Consolidated Financial Statements 5.3 of BPCE SA group as at December 31, 2018 Statutory Auditors’ report on the consolidated 5.4 financial statements BPCE parent company annual financial 5.6 statements Statutory Auditors’ report on the financial 5.7 statements Controls of accounting and financial reporting 5.8 quality Persons responsible for auditing the financial 5.9 statements BPCE management report 5.5

248

397

407

532 542

549

585

589

595

6 RISK REPORT Summary of risks 6.1

597

599

General structure of Groupe BPCE’S internal 6.2 control system Capital management and capital adequacy 6.3 Risk governance and management system 6.4

613 616 628 637 658 661

Credit risk 6.5

Counterparty risk 6.6

Securitization transactions 6.7

Market risks 6.8 666 Liquidity, interest rate and foreign exchange risks 6.9 672 Legal risks 6.10 679 Non-compliance, security and operational risks 6.11 682 Climate risks 6.12 698

7 LEGAL INFORMATION

701

Memorandum and articles of association 7.1

702 705

Share capital 7.2

Ownership structure and distribution of voting 7.3 rights

708 710

Material contracts 7.4 Material changes 7.5

710 Statutory Auditors’ special report on related-party 7.6 agreements and commitments 711

8 STATEMENT BY THE PERSON RESPONSIBLE

727

Statement by the person responsible for the 8.1

registration document and for the annual financial report

728

9 ADDITIONAL INFORMATION Documents on display 9.1

729

730

Cross-reference table for the registration 9.2 document Cross-reference table for the annual financial 9.3 report and the management report Cross-reference table of the main social, 9.4 environmental and societal information

731

733

735 736

Glossary 9.5

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