BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

Results of the Retail Banking and Insurance sub-divisions

Financial Solutions and Expertise

Banques Populaires

Caisses d’Epargne

Other Networks

Retail Banking and Insurance

Insurance

Payments

2018 pf

2018 pf

2018 pf

2018 pf

2018 pf

2018 pf

2018 pf

2019

2019

2019

2019

2019

2019

2019

in millions of euros

Net banking income Operating expenses

6,434 6,377 7,048 7,080 1,117 1,089

846

790

423

389

450

332 16,317 16,056 (250) (10,844) (10,803) 83 5,473 5,253

(4,356) (4,355) (4,677) (4,791) 2,079 2,022 2,370 2,288

(634)

(618)

(478)

(448)

(370)

(341)

(329)

Gross operating income

483

471

368

342

52

48

121

Cost/income ratio

67.7% 68.3% 66.4% 67.7% 56.7% 56.8% 56.5% 56.7% 87.6% 87.6% 73.1% 75.1% 66.5% 67.3%

Cost of risk

(417)

(479)

(419)

(412)

(79)

(63)

(2)

(2)

(111)

(42) (1,028)

(999)

Share in income of equity-accounted associates Gains or losses on other assets

34

29

10

15

1 7

1

45

44

3

(3)

1

1

8

2

INCOME BEFORE TAX

1,699 1,571 1,949 1,878

404

407

378

356

50

47

18

41 4,499 4,300

12.1.2

SEGMENT ANALYSIS OF THE CONSOLIDATED BALANCE SHEET

Asset & Wealth Management

Corporate & Investment Banking

Retail Banking

Corporate center

Groupe BPCE

12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018

in millions of euros

Segment assets Segment liabilities

894,272 894,272

840,478 840,478

2,940 2,940

2,476 2,476

338,679 338,679

301,711 301,711

102,173 102,173

129,262 1,338,064 1,273,926 129,262 1,338,064 1,273,926

Banques Populaires

Financial Solutions and Expertise

Caisses d’Epargne

Payments

Insurance

Other Networks

Retail Banking

in millions of euros

12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 Segment assets 327,917 309,202 412,669 392,935 30,990 25,839 363 356 103,920 96,975 18,413 15,171 894,272 840,478 Segment liabilities 327,917 309,202 412,669 392,935 30,990 25,839 363 356 103,920 96,975 18,413 15,171 894,272 840,478

5

Note: Change in segment information for the consolidated balance sheet. Presentation of the economic contribution by sub-division representing the performance of each sub-division as an independent source of value in Groupe BPCE. For comparison purposes, fiscal year 2018 is pro forma of the new segment reporting presentation.

SEGMENT REPORTING BY GEOGRAPHIC REGION 12.1.3 The geographic analysis of segment assets and results is based on the location where business activities are recognized. Net banking income

Fiscal year 2019

Fiscal year 2018

in millions of euros

France

18,492

19,035

Rest of Europe North America Rest of world

1,876 2,678 1,259

1,499 2,632

835

TOTAL

24,305

24,001

Total segment assets

12/31/2019

12/31/2018

in millions of euros

France

1,213,704

1,152,268

Rest of Europe North America Rest of world

30,759 60,060 33,541

27,753 57,511 36,394

TOTAL

1,338,064

1,273,926

327

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE