BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

7.1.3.6

Change in provisions for credit losses on guarantee commitments given

Purchased or originated credit-impaired (POCI) assets

Stage 1

Stage 2

Stage 3

TOTAL

Impairment for expected

Impairment for expected

Impairment for expected

Impairment for expected

Impairment for expected

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

credit losses

credit losses

credit losses

credit losses

credit losses

in millions of euros BALANCE AT 12/31/2018 Origination and acquisitions Derecognition (redemptions, disposals and debt forgiveness)

33,425

(37)

7,006

(62)

918

(178)

4

41,353

(277)

13,882

(18)

541

(10)

///

///

14,423

(28)

(8,082)

4

(1,640)

5

(391)

18

(10,113)

26

Impairment (write-off)

///

///

///

///

(5)

5

(5)

5

Transfers of financial assets

(955)

27 (3) 27

767

(38)

167 (11) (29) 207 293

(9)

(21)

(21)

Transfers to S1 Transfers to S2 Transfers to S3

644

(639) 1,483

10

1 1

(6)

7

(1,469)

(51)

(15)

(24)

(130)

3

(77)

4

(11) (64)

(4)

Other changes (1) BALANCE AT 12/31/2019

(5,829)

(18)

(1,880)

47

(1)

(7,418)

(36)

32,441

(42)

4,793

(59)

982

(229)

3

38,220

(331)

O/w amortization of receivables, change in credit risk inputs, foreign exchange fluctuations and changes variations related to scope changes (including IFRS 5). (1)

MEASUREMENT AND MANAGEMENT OF CREDIT RISK Credit risk arises whenever a counterparty is unable to meet its payment obligations and may result from a reduction in credit quality or default by the counterparty. Commitments exposed to credit risk consist of existing or potential receivables and particularly loans, debt securities, equities, performance swaps, performance bonds, or confirmed or undrawn facilities. Credit risk management procedures and assessment methods, risk concentration, the quality of performing financial assets, and 7.1.4

the analysis and breakdown of outstandings are described in the risk management report.

GUARANTEES RECEIVED ON IFRS 9 IMPAIRED INSTRUMENTS The statement below shows the credit and counterparty risk exposure for all Groupe BPCE’s financial assets. This exposure to credit risk (determined without taking into account the impact of any unrecognized netting or collateral agreements) and to counterparty risk, is based on the carrying amount of the financial assets. 7.1.5

Maximum exposure net of impairment

Maximum risk exposure

Impairment

Guarantees

in millions of euros

Debt securities at amortized cost

202

(171)

31

Loans and receivables due from banks at amortized cost Loans and receivables due from customers at amortized cost Debt securities – Fair value through OCI recyclable to profit or loss

53

(53)

21,552

(9,838)

11,714

9,567

88

(76)

12

Loan commitments

344 983

(119) (229)

225 753

26 52

Guarantee commitments

TOTAL IMPAIRED FINANCIAL INSTRUMENTS (S3)

23,223

(10,486)

12,736

9,645

288

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

www.groupebpce.com