BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

sheet, impairment is carried on the liabilities side of the balance sheet at the level of other comprehensive income recyclable to profit or loss, with a correspondingentry on the income statement under “Cost of credit risk” (regardless of whether the asset is classified S1, S2, S3 or POCI). For loan and financial guarantee commitments given, provisions are recorded on the liabilities side of the balance sheet under “Provisions” (irrespective of whether the commitmentgiven is classifiedS1, S2, S3 or POCI). Additions to/reversals from provisions are recognized in the income statement under “Cost of credit risk”.

Recognition of impairment of assets classified at amortized cost and at fair value through other comprehensive income, and of provisions for loan and guarantee commitments. For debt instruments recognized on the balance sheet in the financial assets at amortized cost category, impairment is recorded against the line on which the asset was initially shown for its net amount (regardlessof whether the asset is S1, S2, S3 or POCI). Impairment charges and reversals are recognized in the income statement under “Cost of credit risk”. For debt instruments recognized as financial assets at fair value through other comprehensive income on the balance

7.1.3

CHANGE IN EXPECTED CREDIT LOSSES ON FINANCIAL ASSETS AND COMMITMENTS

As of December 31, 2020 the POCI are presented by segmentation S2 POCI and S3 POCI.

7.1.3.1

Change in credit losses on financial assets through other comprehensive income

Purchased or originated credit-impaired (S3 POCI) assets

Stage 1

Stage 2

Stage 3

TOTAL

Impairment for expected

Impairment for expected

Impairment for expected

Impairment for expected

Impairment for expected

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

credit losses

credit losses

credit losses

credit losses

credit losses

in millions of euros BALANCE AT 12/31/2019 Origination and acquisitions Derecognition (redemptions, disposals and debt forgiveness)

41,420

(4)

114

(1)

6

(5)

82

(71)

41,623

(81)

5

6,821

///

///

-

6,821

(8,396)

(27)

-

(8,423)

Impairment (write-off)

///

///

///

///

(1)

(1)

Transfers of financial assets

87 98

(87) (99)

(1)

-

(1)

Transfers to S1 Transfers to S2

(1)

-

(11)

12 14

(1)

1

(1) (4)

Other changes (1) BALANCE AT 12/31/2020

6,303

(6)

1

-

-

-

1

6,317

46,234

(10)

15

(1)

6

(5)

81

(70)

46,336

(86)

Including amortization of receivables, changes in credit risk parameters (including partial repayments), exchange rate fluctuations and IFRS 5 impacts. (1)

In order to improve the readability of the financial statements, the POCI amounts have been reported in a separate column at December 31, 2020. They were presented as Stage 3 as of December 31, 2019

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE