BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

Results of the Retail Banking and Insurance sub-divisions

Financial Solutions and Expertise

Retail Banking and Insurance

Insurance

Payments

Other Networks

2019 2018 pf

2019 2018 pf

2019 2018 pf

2019 pf

2018 pf

2019 pf

2018 pf

in millions of euros

Net banking income Operating expenses

1,071 (631)

1,046 (615)

846

790

423

389

450

332

2,790

2,557

(478)

(448)

(370)

(341)

(339)

(257)

(1,818)

(1,662)

Gross operating income

440

430

368

342

52

48

111

75

971

895

Cost/income ratio

58.9% 58.9% 56.5% 56.7% 87.6% 87.6% 75.3% 77.5% 65.2% 65.0%

Cost of risk

(36)

(23)

(2)

(2)

(111)

(42)

(149)

(67)

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

10

15

1 7 8

1

11

15

1

7

1

INCOME BEFORE TAX

404

407

378

356

50

47

33

841

843

12.1.2

SEGMENT ANALYSIS OF THE CONSOLIDATED BALANCE SHEET

Retail Banking and Insurance

Asset & Wealth Management

Corporate & Investment Banking

Corporate center

BPCE SA group

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

153,685 153,685

141,676 141,676

2,940 2,940

2,476 2,476

338,679 338,679

301,711 301,711

286,004 286,004

305,700 305,700

781,308 781,308

751,562 751,562

Note: change in segment reporting 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 BPCE SA group. For comparison purposes, fiscal year 2018 is pro forma of the new segment reporting presentation. 12.1.3 The geographic analysis of segment assets and results is based on the location where business activities are recognized. Net banking income SEGMENT REPORTING BY GEOGRAPHIC REGION

Fiscal year 2019

Fiscal year 2018

in millions of euros

France

5,547 1,970 2,678

5,963 1,461 2,632

Rest of Europe North America Rest of world

950

743

TOTAL

11,145

10,800

Total segment assets

12/31/2019

12/31/2018

in millions of euros

France

656,970 30,730 60,060 33,547 781,307

629,903 27,753 57,511 36,395 751,562

Rest of Europe North America Rest of world

TOTAL

472

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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