BPCE - 2019 Universal Registration Document

PRESENTATION OF GROUPE BPCE

GROUPE BPCE’S BUSINESS LINES

Employee Savings Natixis Interépargne works with companies of all sizes to help them set up and manage their employee savings and pensions. As a subsidiary of Groupe BPCE, the second biggest banking group in France, Natixis Interépargne benefits from the strong local presence offered by the Banque Populaire and Caisse d’Epargne networks. The company bases its activities on the range of financial management solutions developed by Natixis Investment Managers, a specialist in active investment strategies for employee savings plans. For over 50 years, Natixis Interépargne has provided companies and savers with digital services and tools at the cutting edge of innovation for an ever simpler, more seamless, and more personalized experience in employee savings and pensions. CORPORATE AND INVESTMENT BANKING Corporate and Investment Banking serves corporates, institutional investors, financial sponsors, public sector entities and the Groupe BPCE networks. It advises them and offers a diversified range of capital markets, financing, trade finance and cash management solutions. Its objective is to develop a strategic dialog with each of its clients over the long term and to maintain a close working relationship with them through a strong regional and international presence. It capitalizes on the technical expertise of its teams to design innovative solutions tailored to their strategy. Corporate and Investment Banking posted NBI of €3.34 billion in 2019, up 4%. In 2019, Corporate and Investment Banking continued to implement the objectives of the New Dimension strategic plan (2018-2020) targets aimed at achieving the following goals: to be recognized as a bank that offers innovative solutions and to become a benchmark bank in four strategic sectors (energy and natural resources, aerospace, infrastructure, real estate and hospitality). Natixis confirmed its position as a leading player in green, sustainable finance: its Green Weighting Factor , an unprecedented mechanism • for allocating the capital of each financing solution according to its impact on the climate, is now operational. It is applied to loans granted by Natixis all over the world an in all business sectors (excluding the financial sector). All “green” loans receive a discount of up to 50% in their weighted assets, while the weighting of loans generating a negative impact on the climate and the environment is increased by up to 24%. By adjusting the expected return on each loan depending on its impact on the environment and the climate, Natixis encourages its teams to favor green financing solutions (for an equivalent level of credit risk). In addition, the Green & Sustainable Hub, which assists • clients in their energy transition, significantly expanded its business in loans and investment solutions, while maintaining growth on the bond market.

In 2019, Natixis Interépargne consolidated its position as the leading provider of employee savings and pensions solutions with 77,000 corporate customers, nearly 3 million savers, a 27.1% market share in employee savings and a 28.9% share of the collective pension plans market (1) . With 24.6% of the SRI market, Natixis Interépargne cemented its leadership position in SRI (socially responsible investment) employee savings (1) . Following the introduction of the Pacte Act on business growth and transformation, 2019 also saw the development of the employee savings and pension offer for SMEs and professional customers with 20,000 new policies underwritten. Natixis received numerous awards for its expertise and innovation capabilities in the “green” sector: “Deal of the Year” at the SRP Europe Awards Ceremony 2020; “Social Loan of the Year” and “Green Bond of the Year” at the IFR Awards 2019. The bank continued to develop its advisory services, as shown by the “Most Innovative Investment Bank for Financial Institutions Group” Award from The Banker it received in recognition of Natixis’ close relationship with its institutional clients, as well as its ability to deliver innovative solutions adapted to their needs. Capital Markets Natixis continued implementing its strategy centered on an innovative range of solutions tailored to specific customer needs. It consolidated its long-standing reputation with institutional investors, insurance companies, mutual insurers and supranational agencies, while strengthening its offering for hedge funds, pension funds and asset management companies. Business increased significantly on the credit market. In fixed income, the advisory and financial engineering teams created bespoke solutions for their clients, including in particular structures capable of generating performance in a persistently low interest rate environment and amid macro-economic uncertainties. Natixis continued to flesh out its equity derivatives range with the addition of new investment solutions, net strategies and thematic indices ( e.g. water index). Strategic financing and business sectors The three business lines Real Assets (covering aviation, infrastructures, real estate and hospitality), Energy & Natural Resources, and Distribution & Portfolio Management are the hub of Natixis sector-oriented and originate-to-distribute (O2D) strategy. In 2019, they generated solid results, driven by robust origination and distribution business. The global infrastructure and real estate activities in Europe did especially well. In particular, Natixis was ranked No. 1 bookrunner and MLA (2) for credit financing in the EMEA region, for the third year in a row.

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(1) Internal analysis. (2) Dealogic.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE