BPCE - 2019 Universal Registration Document

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PRESENTATION OF GROUPE BPCE

GROUPE BPCE’S BUSINESS LINES

Trade & Treasury Solutions (TTS) Natixis continued innovating in a bid to facilitate and secure banking transactions for its customers. For example, with My Tracked Transfer, financial companies and institutions are able to track their international payment transactions in real time. Clients are now able to initiate credit transfers using Instant Payment while securing their bank details with SEPAmail Diamond. TTS also launched instant payment via API in partnership with Datalog Finance. And, in trade finance and supply chain finance, TTS set up electronic signatures for Dailly transactions, and further developed its Receivables Finance offering on the Marco Polo blockchain platform. Investment Banking In 2019, Strategic and Acquisition Finance turned in a very strong performance on a highly competitive market. Natixis was ranked No. 1 bookrunner for sponsored loans in France and No. 6 bookrunner for sponsored loans in the EMEA region (1) . Natixis also completed a number of landmark deals on a highly active global bond market in 2019. It maintained and proved its commitment to funding the green transition with all categories INSURANCE Natixis Assurances designs and manages a comprehensive range of personal insurance products (life insurance retirement savings vehicles, payment protection insurance, and individual provident insurance) and non-life insurance products (automotive, multi-risk home, supplementary health insurance, personal accident insurance, legal protection, non-banking insurance, etc.) for the Groupe BPCE networks and their customers. Its ambition is to consolidate its position as a top-tier insurer in France by setting itself apart from the competition through a high-quality customer experience and operational excellence. To that end, it has set up insurance platforms serving both the Banque Populaire and Caisse d’Epargne networks (one for personal insurance, the other for non-life insurance). Initiated in 2016, this strategy is now paying off: Natixis Assurances has made the greatest progress on the French domestic market, now ranking among the Top 10 insurers and Top 5 bancassureurs (5) . Insurance generated NBI of €846 million in 2019, up +7%. Personal Insurance In personal insurance a new personal protection insurance line was launched on the Banque Populaire network in the first half of 2019. User-friendly, digital and more competitive, the Assurance Famille , Family Insurance and Assurance Obsèques, Funeral Insurance products got off to a very good start with a sharp increase in new policies and higher guaranteed payouts to better meet client needs.

of issuers. Of note, it won The Banker magazine’s 2019 "Deal of the Year" award for the Danone social bond issue. Natixis also did swift business on the primary equity market in France, taking part as global coordinator in the IPO of Française des Jeux (€1.9 billion), France’s biggest IPO in 10 years and the first privatization in the last 15 years, named “2019 IPO of the Year” by Euronext. In 2019, Natixis/ODDO-BHF was ranked No. 1 (first equal) on the IPO market in France by number of deals and by volume (2) . M&A Advisory Natixis carried out a strategic investment in Azure Capital. With this Australian operation specializing in infrastructure, energy and natural resources, Natixis completed its international network of seven boutiques including PJ SOLOMON (United States), Fenchurch Advisory (United Kingdom), Natixis Partners España (Spain), Natixis Partners and Clipperton (France), and Vermilion Partners (China). In France, Natixis Partners is ranked No. 5 by number of deals (3) , and more specifically No. 3 among mid-caps by number of deals (4) . Premium income from personal insurance was up +6%. Unit-linked vehicles made up 31% of gross inflows (direct business). Assets under management came to €68.4 billion (o/w €17 billion in unit-linked assets). Non-life insurance The plan to create a single non-life insurance business model for individual and professional customers within Natixis Assurances was realized after it was agreed, in May 2019, to renew the partnership with Covéa from January 1, 2020. This partnership focuses on insurance of professional risks for customers of the Caisses d’Epargne and Banque Populaire banks. Starting in 2020, Natixis Assurances will take over the new non-life insurance activities for the individual customers of the Banque Populaire network in addition of the Caisses d’Epargne. Furthermore, a new solution for home insurance, personal accident insurance, and auto and two-wheeler insurance was rolled out under the claim management transformation and digitization plan, aimed at improving customer satisfaction. Non-life insurance business continued to show growth: premium income from non-life insurance products climbed 6% to €1.58 billion, driven by auto insurance (+8%) and multi-risk home insurance (+7%).

(1) Refinitiv. (2) Natixis. (3) L’Agefi & Mergermarket. (4) L’Agefi. (5) Internal analysis.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

www.groupebpce.com

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