BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2020

FINANCIAL ASSETS 5.18.1 Impact of offsetting on financial assets under netting agreements in the balance sheet

12/31/2020

12/31/2019 (2)

Gross amount of financial liabilities offset in the balance sheet

Net amount of financial assets recognized in the balance sheet

Gross amount of financial liabilities offset in the balance sheet

Net amount of financial assets recognized in the balance sheet

Gross amount of financial assets (1)

Gross amount of financial assets

in millions of euros

Derivatives (trading and hedging)

54,811 81,096 135,908 14,113 150,021

4,970

49,841 65,947 115,789

88,653 101,531 190,184 12,698 202,882

31,815 20,610 52,425

56,838 80,921 137,759 11,598

Repurchase agreements

15,149 20,119

Financial assets at fair value

5,057

9,056

1,100

Repurchase agreements (loans and receivables portfolio)

TOTAL 149,357 Includes the gross amount of financial assets subject to netting or an enforceable master netting agreement or similar and financial assets not subject to any agreement. (1) Amounts not restated compared to the financial statements published in 2019, following a change in thepresentation of premiums on options to be paid or eceived (see Note 5.2.3). (2) 25,176 124,845 53,525

Impact of netting agreements on financial assets not recognized in the financial statements

12/31/2020

12/31/2019 (2)

Related financial liabilities and financial instruments received as collateral (1)

Related financial liabilities and financial instruments received as collateral

Net amount of financial assets recognized in the balance sheet

Net amount of financial assets recognized in the balance sheet

Margin calls received (cash collateral)

Margin calls received (cash collateral)

Net exposure

Net exposure

in millions of euros

Derivatives (trading and hedging)

49,841 75,003 124,845

33,133 74,518 107,651

7,126

9,582

56,838 92,519 149,357

39,195 88,309 127,504

5,757

11,886

Repurchase agreements

88

397

90

4,120

TOTAL

7,214

9,980

5,847

16,006

Including collateral received in the form of securities. (1) Amounts not restated compared to the financial statements published in 2019, following a change in thepresentation of premiums on options to be paid or eceived (see Note 5.2.3). (2)

The net exposure does not reflect the accounting position, because it takes into account the reduced exposure arising from agreements that do not meet the restrictive netting criteria set by IAS 32.

FINANCIAL LIABILITIES 5.18.2 Impact of offsetting on financial liabilities under netting agreements in the balance sheet

12/31/2020

12/31/2019 (2)

Gross amount of financial assets offset in the balance sheet

Net amount of financial liabilities recognized in the balance sheet

Gross amount of financial assets offset in the balance sheet

Net amount of financial liabilities recognized in the balance sheet

Gross amount of financial liabilities (1)

Gross amount of financial liabilities

in millions of euros

Derivatives (trading and hedging)

57,048 108,382 165,430 20,607 186,496

4,510

52,538 93,233 145,771 15,550 161,320

93,429 116,146 209,575 12,662 222,237

31,815 20,610 52,425

61,614 95,536 157,150 11,562

Repurchase agreements

15,149 19,659

Financial liabilities at fair value

Repurchase agreements (debt portfolio)

5,057

1,100

TOTAL 168,712 Includes the gross amount of financial liabilities subject to netting or an enforceable master netting agreement or similar and financial liabilities not subject to any agreement. (1) Amounts not restated compared to the financial statements published in 2019, following a change in thepresentation of premiums on options to be paid or eceived (see Note 5.2.3). (2) 25,176 53,525

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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