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