BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

4.3.1

SECURITIES PORTFOLIO

12/31/2019

12/31/2018

Securities held for trading

Available- for-sale securities

Securities held to maturity

Securities held for trading

Available- for-sale securities

Securities held to maturity

Total

Total

in millions of euros

Gross amount Accrued interest

16,194

964

17,158

19,056

1,104

20,160

22

22

22 (1)

22 (1)

Impairment*

0

Treasury bills and equivalent

16,194 51,002

986

0

17,180 56,607

19,056 51,982

1,125 2,550

0

20,181 57,812

Gross amount Accrued interest

2,467

3,138

3,280

8

20

28

7

22

29

Impairment*

(24)

(24)

(32)

(32)

Bonds and other fixed-income securities

51,002

2,451 1,414

3,158

56,611

51,982

2,525 1,306

3,302

57,809

Gross amount Accrued interest

1,414

1,306

0

0

Impairment*

(81)

(81)

(31)

(31)

Equities and other variable-income securities

0

1,333 4,770

1,333

0

1,275 4,925

0

1,275

TOTAL

67,196

3,158

75,124

71,038

3,302

79,265

*

Including any associated micro-hedging.

The change in bonds and other fixed-income securities classified as held-to-maturity securities mainly reflects the amortization of shares in a portfolio of mortgage loan or public asset securitizations for a nominal amount of €185 million. The change in bonds and other fixed-income securities classified as available-for-sale securities mainly reflects the amortization of

shares in a portfolio of mortgage loan or public asset securitizations for a nominal amount of €120 million. The market value of held-to-maturity securities stood at €3,145 million. At December 31, 2019, unrealized capital gains totaled €223 million, and capital losses €204 million.

5

TREASURY BILLS, BONDS AND OTHER FIXED-INCOME SECURITIES

12/31/2019

12/31/2018

Securities held for trading

Available- for-sale securities

Securities held to maturity

Securities held for trading

Available- for-sale securities

Securities held to maturity

Total

Total

in millions of euros

Listed securities Unlisted securities Securities loaned Securities borrowed

2,574

2,574 3,971 2,072

2,608 1,013

2,608 4,293 2,820

833

3,138

3,280

2,072

2,820

65,124

65,124

68,218

68,218

Non-performing loans and receivables

0

0

Accrued interest

30

20

50

29

22

51

TOTAL

67,196

3,437

3,158

73,791

71,038

3,650

3,302

77,990

o/w subordinated notes

0

0

Unrealized losses on impaired available-for-sale securities totaled €21 million at December 31, 2019 compared with €30 million at December 31, 2018. Unrealized gains on available-for-sale securities totaled €50 million at December 31, 2019 compared with €24 million at December 31, 2018. Unrealized gains on held-to-maturity securities amounted to €103 million at December 31, 2019 versus €118 million at December 31, 2018.

Unrealized capital losses on held-to-maturity securities, whether or not they are subject to an impairment charge for counterparty risk, totaled €96 million at December 31, 2019 compared with €106 million at December 31, 2018. At December 31, 2019, bonds and other fixed-income securities issued by public-sector organizations amounted to €964 million compared with €1,103 million at December 31, 2018.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE