BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

HEDGED ITEMS Fair value hedges

Fair value hedges 12/31/2019

Interest rate risk hedging

Currency risk hedging

Hedged component remaining to be recognized (2)

o/w revaluation of the hedged component (1)

o/w revaluation of the hedged component (1)

Carrying amount

Carrying amount

in millions of euros

ASSETS Financial assets at fair value through other comprehensive income

12,679 12,471

97 97

8

Debt securities

Shares and other equity instruments Financial assets at amortized cost Loans or receivables due from banks Loans or receivables due from customers

209

8

100,359 27,768 67,959

7,592

299

5,177

979

462

552

5,933 1,197

91

17

Debt securities

4,632

299

4,533

962

LIABILITIES Financial liabilities at amortized cost

133,719 20,343

6,589

309

7,734

424

Amounts due to banks

212

Amounts due to customers

2,132

(1)

Debt securities

96,448 14,796 246,757

5,584

309

6,710 1,024

424

Subordinated debt

794

6

TOTAL – FAIR VALUE HEDGES

14,278

608

12,918

1,403

Excluding accrued interest. (1) Declassification, end of hedging relationship. (2)

The ineffective portion of hedging for the period is presented in Note 4.3 “Gains and losses on financial assets and liabilities at fair value through profit or loss” or in Note 4.4 “Gains and losses recognized directly in other comprehensive income”.

Fair value hedges 12/31/2018

Interest rate risk hedging

Currency risk hedging

Hedged component remaining to be recognized (2)

o/w revaluation of the hedged component (1)

o/w revaluation of the hedged component (1)

Carrying amount

Carrying amount

in millions of euros

ASSETS Financial assets at fair value through other comprehensive income

12,074 12,074

(89) (89)

8

Debt securities

Shares and other equity instruments Financial assets at amortized cost Loans or receivables due from banks Loans or receivables due from customers

8

108,975 22,112 82,226

6,067

353

5,486

982

386

533

4,646 1,035

3

97

16

Debt securities

4,637

350

4,856

966

LIABILITIES Financial liabilities at amortized cost

128,493 20,292

4,699

387

14,141

396

Amounts due to banks

267

195

Amounts due to customers

8,242

(1)

Debt securities

88,371 11,589 249,542

3,929

387

9,813 4,133

396

Subordinated debt

504

TOTAL – FAIR VALUE HEDGES

10,677

740

19,635

1,379

Excluding accrued interest. (1) Declassification, end of hedging relationship. (2)

406

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

www.groupebpce.com