BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF BPCE SA GROUP 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

8,594 2,202 6,392 3,809

Available-for-sale financial assets

557 557

TOTAL ASSETS

12,403

TOTAL LIABILITIES Loan commitments given MAXIMUM LOSS EXPOSURE

53

297

611

12,700

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

9,157 4,663 4,494 3,235

Available-for-sale financial assets

908 908

26 26

TOTAL ASSETS

12,392

TOTAL LIABILITIES Loan commitments given MAXIMUM LOSS EXPOSURE

344

189

1,252

12,581

26

At December 31, 2019

Asset Management

Structured Financing

Securitization

Other activities

in millions of euros

Size of structured entities

66,590

289,721

83,507

792

At Monday, December 31, 2018

Structured Financing

Securitization Asset Management

Other activities

in millions of euros

Size of structured entities

62,204

271,114

73,607

1,137

Securitization transactions in which BPCE SA group is simply an investor are listed in the Risk Management – Securitizations section. 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; and other activities, total assets. • Income and carrying amount from 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. BPCE SA group plays the role of sponsor for: UCITS initiated by an investment management company • belonging to BPCE SA group and in which BPCE SA group holds no investment or any other interest. Reported income includes management and incentive fees charged by BPCE SA group 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. For the non-consolidated structured entities that the Group sponsors without holding any interests, the impact on the financial statements is presented below:

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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