BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

At December 31, 2019 Insurance business investments in millions of euros

Securitization

Asset Management

Other activities

Financial assets at fair value through profit or loss Trading financial instruments (excluding derivatives) Financial instruments designated at fair value through profit or loss

9,820 3,428 6,392 3,809

Available-for-sale financial assets

557 557

TOTAL ASSETS

13,630

TOTAL LIABILITIES Loan commitments given MAXIMUM LOSS EXPOSURE

53

297

611

13,926

At December 31, 2018 Insurance business investments in millions of euros

Securitization

Asset Management

Other activities

Financial assets at fair value through profit or loss Trading financial instruments (excluding derivatives) Financial instruments designated at fair value through profit or loss

10,528

6,034 4,494 3,235

Available-for-sale financial assets

908 908

26 26

TOTAL ASSETS

13,763

TOTAL LIABILITIES Loan commitments given MAXIMUM LOSS EXPOSURE

344

189

1,252

13,952

26

At December 31, 2019

Asset Management

Structured Financing Other activities

Securitization

in millions of euros

SIZE OF STRUCTURED ENTITIES

66,998

394,309

90,392

6,701

At December 31, 2018

Asset Management

Structured Financing Other activities

Securitization

in millions of euros

SIZE OF STRUCTURED ENTITIES

62,613

374,675

81,306

4,047

Securitization transactions in which Groupe BPCE is simply an investor are listed in Chapter 6 “Risk Management – Securitizations”. The size criterion used varies according to the types of structured entities: securitization, the total amount of issues recorded in the • entities’ liabilities; asset management: the net assets of collective investment • vehicles (other than securitization); structured financing: the total amount of financing • outstandings remaining due by the entities; other activities, total assets. • INCOME AND CARRYING AMOUNT FROM 12.5.3 ASSETS TRANSFERRED TO SPONSORED NON-CONSOLIDATED STRUCTURED ENTITIES A structured entity is sponsored by a Group entity when the two following indicators are both satisfied:

it is involved in the creation and structuring of the structured • entity; it contributes to the success of the entity by transferring • assets to it or by managing relevant activities. When the Group entity’s role is limited to one of advisor, arranger, custodian or placement agent, the structured entity is not considered to be sponsored. Groupe BPCE plays the role of sponsor for: UCITS initiated by an investment management company • belonging to Groupe BPCE and in which Groupe BPCE holds no investment or any other interest. Reported income includes management and incentive fees charged by Groupe BPCE entities, as well as profit or loss from ordinary business with these funds; a US activity involving the origination and disposal of portfolios • of home loans to securitization vehicles created by the Natixis group with third parties and in which Natixis group holds no interests. Reported income includes structuring fees as well as gains or losses on the disposal of receivables.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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