BPCE - 2019 Universal Registration Document
ACTIVITIES AND FINANCIAL INFORMATIONS 2019
GROUPE BPCE FINANCIAL DATA
Analysis of the Groupe BPCE consolidated balance sheet 4.3.8
Change
12/31/2019
12/31/2018
€bn
%
in billions of euros
Cash and amounts due from central banks Financial assets at fair value through profit or loss
80.2
76.5
3.8
5.0% 9.1%
218.8
200.5
18.3
Hedging derivatives – Positive FV
9.3
8.2
1.1 4.5
13.8% 11.3%
Financial assets at fair value through other comprehensive income
44.6
40.1
Financial assets at amortized cost
811.8
782.2
29.6 (1.5) 34.0 (2.9)
3.8%
Loans and receivables due from banks Loans and receivables due from customers
89.7
91.1
(1.6%)
693.3
659.3
5.2%
Debt securities at amortized cost
28.9
31.8
(9.0%) 40.0%
Revaluation differences on interest rate risk-hedged portfolios
7.7
5.5
2.2 8.8
Insurance business investments
119.0
110.3
7.9%
Current and deferred tax assets and other assets
33.6
39.8
(6.2)
(15.6%) 29.8%
Fixed assets (excluding goodwill)
8.3 4.7
6.4 4.5
1.9 0.2
Goodwill ASSETS
3.9% 5.0%
1,338.1
1,273.9
64.1 (0.0)
Amounts due to central banks
0.0
0.0
ns
Financial liabilities at fair value through profit or loss
201.8
194.9
6.9 1.5
3.5%
4
Hedging derivatives – Negative FV
15.1
13.6
10.9%
Financial liabilities at amortized cost (excluding subordinated debt)
875.7
832.9
42.8 (9.0) 29.4 22.5 (2.3) 11.8 (0.4) (0.1) 0.0
5.1%
Amounts due to banks
76.7
85.7
(10.5%)
Amounts due to customers
559.7 239.3
530.3 216.9
5.5%
Debt securities
10.4%
Revaluation differences on interest rate risk-hedged portfolios Current and deferred tax liabilities and other liabilities
0.2
0.2
8.0%
33.6
35.9 98.9
(6.5%) 12.0% (6.4%) (0.6%)
Liabilities related to insurance contracts
110.7
Provisions
6.2
6.6
Subordinated debt
17.5 77.3 69.9
17.6 73.4 66.2
Shareholders’ equity
3.9 3.7 0.2
5.4% 5.6% 3.0% 5.0%
Equity attributable to equity holders of the parent
7.4
7.2
Non-controlling interests
LIABILITIES
1,338.1
1,273.9
64.1
At December 31, 2019, the consolidated balance sheet of Groupe BPCE totaled €1,338.1 billion, up 5.0% compared with December 31, 2018. The return on assets stood at 28bp in 2019. CHANGES IN SIGNIFICANT ASSET ITEMS The main asset items are loans and receivables due from customers (51.8% of total assets at December 31, 2019) and banks (6.7%), financial assets at fair value through profit or loss (16.3%), and insurance business investments (8.9%). Taken together, these items account for nearly 83.8% of the Group’s assets. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Financial assets at fair value through profit or loss include assets held for trading, including derivative financial instruments. Total financial instruments measured at fair value through profit or loss increased by €18.3 billion compared to December 31, 2018. This includes:
an increase in equities and other equity instruments • (+€17.1 billion); an increase in bonds and other debt securities (+€1.8 billion), • bolstered by trading derivatives (+€1.7 billion); a decrease in securities and assets purchased under resale • agreements from banks (-€3.1 billion). LOANS AND RECEIVABLES DUE FROM BANKS Loans and receivables due from banks (net of provisions) amounted to €89.7 billion at December 31, 2019, down by €1.5 billion versus December 31, 2018. They are broken down between security deposits paid at amortized cost, term loans and advances and demand loans and advances. Non-performing loan outstandings and recognized impairments were relatively stable over the period. LOANS AND RECEIVABLES DUE FROM CUSTOMERS Loans and receivables due from customers comprise customer loans, finance leases, factoring and repurchase agreements. Net outstanding loans and receivables due from customers totaled €693.3 billion, up €34.0 billion over the year (+5.2%), thanks in
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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE
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