BPCE - 2020 Universal Registration Document

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ACTIVITIES AND FINANCIAL INFORMATIONS 2020

GROUPE BPCE FINANCIAL DATA

the contribution to the Single Resolution Fund of -€400 million • in operating expenses, an increase of -€23 million compared with 2019; finally, the division included the contributions of the Group’s • central institution, BPCE SA group, apart from Natixis’

Corporate Center, income from private equity activities and from various other investment companies, central resource or support companies, and property management companies.

Analysis of the Groupe BPCE consolidated balance sheet 4.3.8

Change

12/31/2020

12/31/2019*

€bn

%

in billions of euros

153.4 196.3

80.2

73.2

91.2% (6.8%)

Cash and amounts due from central banks Financial assets at fair value through profit or loss

210.7

(14.4)

Hedging derivatives – Positive FV

9.6

9.3

0.3 5.0

3.5%

Financial assets at fair value through other comprehensive income

49.6

44.6

11.2%

Financial assets at amortized cost

863.6

811.8

51.7

6.4% 0.4% 7.7%

90.0

89.7

0.4

Loans and receivables due from banks Loans and receivables due from customers

746.8

693.3

53.6 (2.2)

Debt securities at amortized cost

26.7

28.9

(7.6%) 16.5%

Revaluation differences on interest rate risk-hedged portfolios

8.9

7.7

1.3 5.5 2.7

Insurance business investments

124.6

119.0

4.6%

Current and deferred tax assets and other assets

28.0

25.3

10.6% (3.3%) (7.7%)

Fixed assets (excluding goodwill)

8.0 4.3

8.3 4.7

(0.3) (0.4)

Goodwill ASSETS

1,446.3

1,321.6

124.6

9.4%

Amounts due to central banks

0.0

0.0

(0.0) (2.1)

ns

Financial liabilities at fair value through profit or loss

191.4

193.4

(1.1%)

Hedging derivatives – Negative FV

15.3

15.1

0.2

1.3%

Financial liabilities at amortized cost (excluding subordinated debt)

997.5 138.4 630.8 228.2

875.7

121.7

13.9% 80.6% 12.7% (4.7%)

Amounts due to banks

76.7

61.8 71.1

Amounts due to customers

559.7 239.3

Debt securities

(11.1)

Revaluation difference on interest rate risk-hedged portfolios Current and deferred tax liabilities and other liabilities

0.2

0.2

0.0 0.8 3.9 0.1

1.9% 3.2% 3.5% 0.9%

26.3

25.5

Liabilities related to insurance contracts

114.6

110.7

Provisions

6.2

6.2

Subordinated debt

16.4 78.4 72.7

17.5 77.3 69.9

(1.1)

(6.4%)

Shareholders’ equity

1.1 2.8

1.4% 4.0%

Equity attributable to equity holders of the paren t

Non-controlling interests

5.7

7.4

(1.7)

(22.9%)

LIABILITIES 9.4% Amounts restated compared to the financial statements published in 2019, following a change in the presentation of premiums on options to be paid or received. * 1,446.3 1,321.6 124.6

(10.6%), and insurance business investments (8.6%). Taken together, these items account for nearly 90.7% of the Group’s assets. CASH AND AMOUNTS DUE FROM CENTRAL BANKS Cash and central bank accounts amounted to €153.4 billion on December 31, 2020, up by 91.2% compared to December 31, 2019 (€80.2 billion). This change is mainly due to the increase in balances with central banks (+€73.2 billion).

On December 31, 2020, the consolidated balance sheet of Groupe BPCE totaled €1,446.3 billion, up 9.4% compared with December 31, 2019. The return on assets stood at 12 basis points in 2020.

CHANGES IN SIGNIFICANT ASSET ITEMS

The main asset items are loans and receivables due from customers (51.6% of total assets on December 31, 2020) and banks (6.2%), financial assets at fair value through profit or loss (13.6%), cash and net balance of accounts with central banks

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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