BPCE - 2020 Universal Registration Document

ACTIVITIES AND FINANCIAL INFORMATIONS 2020

GROUPE BPCE FINANCIAL DATA

CHANGES IN SIGNIFICANT LIABILITY ITEMS FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS On the liabilities side, this portfolio consists of debt instruments carried at fair value at the reporting date, with an offsetting entry on the income statement. On December 31, 2020, these liabilities amounted to €191.4 billion, down by €2.1 billion (-1.1%) over the period. This change is due to the decrease in financial liabilities held for trading (-€7.9 billion) and debt securities designated at fair value through profit or loss (-€2.4 billion). In addition, 2019 is amended to reflect the presentation of premiums on options payable or receivable in the amount of -€8.1 billion. AMOUNTS DUE TO BANKS Amounts due to banks consist mainly of term borrowings and to a lesser extent current accounts. They amounted to €138.4 billion, representing a strong increase of €61.8 billion over the year (+80.6%). This change mainly includes the increase in term loans and deposits with credit institutions (+€57.9 billion) including long -term refinancing operations (TLTRO3) and, to a lesser extent, the increase in repurchase agreements to banks (+€3.6 billion). AMOUNTS DUE TO CUSTOMERS Amounts due to customers mainly comprise regulated savings accounts, current accounts in credit, customer accounts and repurchase agreements. They totaled €630.8 billion on December 31, 2020, an increase of €71.1 billion compared to December 31, 2019. This increase can mainly be broken down as follows: a sharp increase in current accounts in credit (+€55.3 billion); • higher investments in regulated savings accounts • (+€17.7 billion), underpinned by inflows from Livret A passbook savings accounts (+€6.8 billion), Livret B passbook savings accounts (+€7.3 billion), LDD Sustainable Development passbook (+€2.0 billion) and a strong performance in home savings plans (+€1.8 billion); an increase in other debts due to customers (factoring) • (+€1.3 billion). DEBT SECURITIES These are mainly comprised of bonds, certificates of deposit, treasury notes, commercial paper and senior non-preferreddebt. These debts amounted to €228.2 billionon December 31, 2020, down by €11.1 billion compared to fiscal year 2019. This change was mainly due to the decline in certificates of deposit (-€12.3 billion) and commercial paper (-€3.2 billion), which was only slightly offset by an increase in Outstanding Senior Non-Preferred Debt (+€3.8 billion);

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS These financial assets include negotiated transactions for trading. Total financial instruments measured at fair value through profit or loss increased by €14.4 billion compared to December 31, 2019. This includes: a decrease in securities received under repurchase • agreements from customers (-€11.1 billion); a decrease in shares and other equity instruments held for • trading (-€4.7 billion); a decrease in securities and assets purchased under resale • agreements from banks for trading purposes (-€3.9 billion); an increase in Treasury bills and equivalent (+€4.9 billion). • LOANS AND RECEIVABLES DUE FROM BANKS Loans and receivables due from banks (net of provisions) amounted to €90.0 billion on December 31, 2020, up by €0.4 billion versus December 31, 2019. They are broken down between security deposits paid at amortized cost, term loans and advances and demand loans and advances. Non-performing loan outstandings and recognized impairments were relatively stable over the period. LOANS AND RECEIVABLES DUE FROM CUSTOMERS Loans and receivables due from customers are comprised of customer loans, finance leases, factoring, and repurchase agreements. Net outstanding loans and receivables due from customers amounted to €746.8 billion, up €53.6 billion over the fiscal year (+7.7%). This change was mainly due to the good performance of the Group’s businesses, in particular retail banking & Insurance. This performance can be attributed to the Banque Populaire network for +€34.7 billion and the Caisse d’Epargne network for +€25.0 billion. This momentum was mainly propelled by short-term credit facilities (+€30.8 billion) under the effect of the State-guaranteedloan mechanism; home loans (+€19.0 billion); and equipment loans (+10.8 billion). Other customer loans saw a decline of -€1.5 billion. Non-performing loans accounted for 2.5% of gross loan outstandings on December 31, 2020. INSURANCE BUSINESS INVESTMENTS These financial assets comprise available-for-sale investments, including investments at fair value through profit or loss, loans and receivables due from customers, and the shares held by cedents and retrocessionaires in liabilities related to insurance policies and financial contracts. This portfolio totaled €124.6 billion on December 31, 2020 versus €119.0 billion in fiscal year 2019. The increase of €5.5 billion reflects the good business performance (+4.6%). 2020 saw strong momentum across all insurance segments. Natixis, which accounted for 89.8% of outstandingson December 31,2020, recorded inflows of €8.3 billion in life insurance, while its non-life and provident insurance activities saw gains of +4.9% and +9.9% respectively.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE