BPCE - 2020 Universal Registration Document

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ACTIVITIES AND FINANCIAL INFORMATIONS 2020

BPCE SA GROUP FINANCIAL DATA

Analysis of BPCE SA group’s consolidated balance sheet 4.4.2

Change

12/31/2020

12/31/2019 (1)

€bn

%

in billions of euros

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

148.7 190.8

72.6

76.1

104.8% (6.8%)

204.8

(13.9)

Hedging derivatives – Positive FV

7.9

7.9

-

0.4% 4.0% 4.1%

Financial assets at fair value through other comprehensive income

17.8

17.1

0.7

Financial assets at amortized cost

335.0 149.9 171.2

321.7 129.4 177.3

13.3 20.5 (6.1) (1.1)

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

15.8% (3.4%) (7.6%) 13.5% 14.8% (6.0%) (8.8%) 11.0% (0.2%) (0.7%) 21.5% 84.2% 4.8% ns

Debt securities at amortized cost

13.9

15.0

Revaluation differences on interest rate risk-hedged portfolios

6.8

6.0

0.8 5.3 2.3

Insurance business investments

117.1

111.8

Current and deferred tax assets and other assets

17.9

15.6

Fixed assets (excluding goodwill)

3.1 3.7

3.3 4.1

(0.2) (0.4) 84.0 (0.5) (0.1) 83.3 95.2 -

Goodwill ASSETS

848.9

764.9

Amounts due to central banks

0.0

0.0

Financial liabilities at fair value through profit or loss

199.6

200.1

Hedging derivatives – Negative FV

10.0

10.1

Financial liabilities at amortized cost (excluding subordinated debt)

471.2 208.3

387.8 113.1

Amounts due to banks

Amounts due to customers

50.7

50.2

0.5

1.1%

Debt securities

212.2

224.6

(12.4)

(5.5%)

Revaluation difference on interest rate risk-hedged portfolios

0.2

0.2

-

7.9% 2.0% 3.8%

Current and deferred tax liabilities and other liabilities

16.3

16.0

0.3 3.9

Liabilities related to insurance contracts

106.9

103.0

Provisions

2.6

2.7

-

(0.8%) (6.4%) (6.8%) (0.8%) (23.4%)

Subordinated debt

16.2 25.8 20.2

17.3 27.7 20.4

(1.1) (1.9) (0.2) (1.7) 84.0

Shareholders' equity

Equity attributable to equity holders of the parent

Non-controlling interests

5.6

7.3

LIABILITIES 11.0% 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) 848.9 764.9

On December 31, 2020, the consolidated balance sheet of BPCE SA group totaled €848.9 billion, up 11.0% compared with December 31, 2019. The growth in the balance sheet reflects the disparity between the increase in financial assets at fair value through profit or loss (+€76.1 billion), loans and receivables due from credit institutions recorded at amortized cost (+€20.5 billion), and insurance investments (+€5.3 billion); to the detriment of financial assets at fair value through profit or loss (-€13.9 billion) and loans and receivables due from customers (-€6.1 billion).

Moreover, Equity attributable to equity holders of the parent totaled €20.2 billion on December 31, 2020, representing a slight decrease compared to December 31, 2019. The change over the period was mainly due to: the incorporation of income for the period: +€0.2 billion; • dividends paid: -€0.9 billion; • a change in share capital: +€0.3 billion; • the impact of acquisitions and disposals on non-controlling • interests: +€0.4 billion; changes in gains and losses recognized directly in other • comprehensive income: -€0.1 billion.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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