BPCE - 2019 Universal Registration Document

Contents

5

FINANCIAL REPORT

217

IFRS Consolidated Financial Statements 5.1 of Groupe BPCE as at December 31, 2019 Statutory Auditors’ report on the consolidated 5.2 financial statements IFRS Consolidated Financial Statements of 5.3 BPCE SA group as at December 31, 2019 Statutory Auditors’ report on the consolidated 5.4 financial statements BPCE parent company annual financial 5.6 statements Statutory Auditors’ report on the consolidated 5.7 financial statements BPCE management report 5.5

219

Message from the chairman of the management board

3 4 4

359

Group profile

Groupe BPCE at a glance

367

Asolid group generating robust performances

6 8

486 495

Balanced governance

Our commitment to making sustainable development a reality

10

502

543

1

PRESENTATION OF GROUPE BPCE

13

Controls of accounting and financial 5.8 reporting quality

547

1.1

Group history

14 16 18

Persons responsible for auditing the financial 5.9 statements

Understanding the structure of Groupe BPCE 1.2

552

Highlights 1.3

TEC 2020: a strategic plan focused on digital 1.4 transformation, commitment and growth

6

RISK REPORT Key figures 6.1 Risk factors 6.2

555

20 23 40 40

Groupe BPCE’s business lines 1.5

557 561 571 586 598 620 623 629 635 642 646 651 658

Calendar 1.6 Contacts 1.7

Risk management system 6.3

Capital management and capital adequacy 6.4

2

NON-FINANCIAL PERFORMANCE REPORT Putting our cooperative identity to work 2.1 for regional development Supporting the energy, ecological and social 2.3 transition in local regions Responsible internal and external practices 2.4 Applying CSR in our activities 2.2

Credit risks 6.5

41

Counterparty risk 6.6

Securitization transactions 6.7

Market risks 6.8

44 54

Liquidity, interest rate and foreign exchange 6.9 risks

Legal risks 6.10

66 83

Non-compliance and security risks 6.11

Operational risks 6.12

CSR reporting methodology 2.5

106

Climate risk 6.13

Report by one of the Statutory Auditors, 2.6

appointed as independent third-party, on the consolidated Non-Financial Performance Statement published in the Group management report

7

LEGAL INFORMATION

659

Charter of incorporation and articles 7.1 of association

110

660 662

Cross-reference table of the main social, 2.7 environmental and societal information

Share capital 7.2

112

Ownership structure and distribution 7.3 of voting rights

664 665 665

3

REPORT ON CORPORATE GOVERNANCE

Material contracts 7.4 Material changes 7.5

113

Statutory Auditors’ special report on 7.6 related-party agreements and commitments 666

Introduction 3.1

114 114

Corporate Governance Code 3.2

Management and Supervisory Bodies 3.3 116 Role and operating rules of governing bodies 3.4 158 Rules and principles governing the 3.5 determination of pay and benefits 169 Potential conflicts of interest 3.6 191

8

ADDITIONAL INFORMATION

679

Statement by the person responsible for the 8.1 universal registration document and for the annual financial report Cross-reference table for the universal 8.3 registration document Cross-reference table for the annual financial 8.4 report and the management report Documents on display 8.2

680 681

4

ACTIVITIES AND FINANCIAL INFORMATIONS 2019

193

682

Foreword 4.1

194 194 198 211 213 213 214

684 686

Significant events of 2019 4.2 Groupe BPCE financial data 4.3 BPCE SA group financial data 4.4

Glossary 8.5

Investments 4.5

Post-balance sheet events 4.6 Outlook for Groupe BPCE 4.7

Items contained in the Annual Financial Report are flagged in the Table of Contents with the following icon AFR The Statement of Non-Financial Performance is identified in the summary using the following icon SNFP

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