BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

At December 31, 2019, additional paid-in capital is broken down as follows: €949 million linked to cooperative shares subscribed for by the • cooperative shareholders of the Banques Populaires; €2,885 million linked to cooperative shares subscribed for by • the cooperative shareholders of the Caisses d’Epargne.

Since January 1, 2019, the Banques Populaires and the Caisses d’Epargne have carried out capital increases of €3,227 million (€791 million in 2018), resulting in an increase in “Share capital” and “Additional paid-in capital.” The shareholders’ equity of the local savings companies is also included in “Retained earnings” after the elimination of the Caisses d’Epargne cooperative shares held. The redemption of cooperative shares by the local savings companies since January 1, 2019 resulted in a decrease in retained earnings of -€1,594 million.

5.15.2

PERPETUAL DEEPLY SUBORDINATED NOTES CLASSIFIED AS EQUITY

Nominal (in millions of euros (1) )

Amount (in original currency)

Interest step-up date (2)

Issuing entity

Issue date

Currency

Call date

Rate

12/31/2019

12/31/2018

September 30, 2019 September 30, 2019

September 30, 2019 September 30, 2019

BPCE

August 6, 2009

EUR

374 million

12.5%

374

BPCE

August 6, 2009

USD 444 million

12.5%

309 683

TOTAL

Nominal amount translated into euros at the exchange rate in force at the date of classification as equity. (1) Interest step-up date or date of transition from fixed to variable rate. (2)

At December 31, 2019, Groupe BPCE had no more deeply subordinated notes classified in other comprehensive income. On September 30, 2019, BPCE SA redeemed the notes at maturity.

5.16

NON-CONTROLLING INTERESTS MATERIAL NON-CONTROLLING INTERESTS

5.16.1 Information regarding consolidated subsidiaries and structured entities for which the amount of non-controlling interests is significant in terms of total Group equity is shown in the following statement:

Fiscal year 2019

Summary financial information for 100% equity interests

Non-controlling interests

in millions of euros

Compre- hensive income attribu- table to equity holders of the parent

Income attributed to holders of non- controlling interests during the period

Net income attribu- table to equity holders of the parent

Amount of non- controlling interests in the subsidiary

Dividends paid to holders of non- controlling interests Assets Liabilities

Percentage ownership of non- controlling interests

Entity name

Natixis group o/w Coface (1)

29.32% 57.52% 49.99% 49.90%

693 118 211

7,023 1,174

1,011 513,169 492,343

1,897

2,127

68 7,387

5,462

147 423

241 454

229 225 183

186

675

225

o/w H2O (1)

Oney Bank (2) Other entities

(8) 22

3,713

3,261

12

13

20

TOTAL AT DECEMBER 31, 2019

707

7,431

1,031

Non-controlling interests in Natixis. (1) Income since the takeover in October 2019. (2)

272

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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