BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2019

5.13.1

DEPOSITS COLLECTED FOR REGULATED HOME SAVINGS PRODUCTS

12/31/2019

12/31/2018

in millions of euros

Deposits collected for PEL home savings plans plans less than 4 years old • plans more than 4 years but less than 10 years old •

4,480

10,020 52,063 11,085 73,168

44,399 24,197 73,076

plans more than 10 years old •

Deposits collected for regulated home savings plans (PEL) Deposits collected for regulated home savings accounts (CEL)

5,676

5,588

TOTAL DEPOSITS COLLECTED FOR REGULATED HOME SAVINGS PRODUCTS

78,752

78,756

5.13.2

LOANS GRANTED ON REGULATED HOME SAVINGS PRODUCTS

12/31/2019

12/31/2018

in millions of euros

Loans granted on regulated home savings plans (PEL) Loans granted on regulated home savings accounts (CEL)

33

45

120 153

175 220

TOTAL LOANS GRANTED ON REGULATED HOME SAVINGS PRODUCTS

5.13.3

PROVISIONS FOR REGULATED HOME SAVINGS PRODUCTS

12/31/2019

12/31/2018

in millions of euros

Provisions for home savings plans (PEL) plans less than 4 years old • plans more than 4 years but less than 10 years old •

72

157 257 192 606

203 282 557

plans more than 10 years old •

Provisions for home savings plans (PEL)

Provisions for regulated home savings accounts (CEL)

24 (1) (1) (2)

58 (1) (2) (3)

Provisions for home savings plan (PEL) loans Provisions for home savings account (CEL) loans

Provisions for home savings loans

TOTAL PROVISIONS FOR REGULATED HOME SAVINGS PRODUCTS

579

661

5.14

SUBORDINATED DEBT

Accounting principles Subordinated debt differs from other debt and bonds in that it will be repaid only after all the senior and unsecured creditors, but before the repayment of participating loans and securities and deeply subordinated notes. Subordinated debt which the issuer is obliged to repay is classified as debt and initially recognized at fair value less any transaction costs. It is subsequently measured at amortized cost at each balance sheet date using the effective interest method.

12/31/2019

12/31/2018

in millions of euros

Subordinated debt designated at fair value through profit or loss SUBORDINATED DEBT AT FAIR VALUE THROUGH PROFIT OR LOSS

100 100

100 100

Term subordinated debt Perpetual subordinated debt Mutual guarantee deposits Subordinated debt and similar

15,859

16,209

303 130

334 192

16,292

16,734

Accrued interest

396 799

360 504

Revaluation of the hedged component

SUBORDINATED DEBT AT AMORTIZED COST

17,487 17,587

17,598 17,698

TOTAL SUBORDINATED DEBT (1)

Including €672 million for the insurance entities at December 31, 2019, versus €672 million at December 31, 2018. (1)

The fair value of subordinated debt is presented in Note 10.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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