BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

7.1.3.6

Change in credit losses on guarantee commitments given

Purchased or originated

Purchased or originated

credit-impaired (S2 POCI) assets

credit-impaired (S3 POCI) assets

Stage 1

Stage 2

Stage 3

TOTAL

Impair- ment for expected

Impair- ment for expected

Impair- ment for expected

Impair- ment for expected

Impair- ment for expected

Impair- ment for expected

Gross carrying amount

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

credit losses

in millions of euros BALANCE AT 12/31/2019 Origination and acquisitions Derecognition (redemptions, disposals and debt forgiveness) Transfers of financial assets Transfers to S1 Transfers to S2 Transfers to S3 Other changes (1) BALANCE AT 12/31/2020 Impairment (write-off)

32,441

(42)

4,793

(59)

982

(229)

2

1

38,220

(331)

7,888

(19)

341

(4)

///

///

8,229

(24)

(7,252)

6 (1,036)

12

(174)

10

(8,463)

28

///

///

///

///

(3)

3

(3)

3

(632)

22 (3) 23

434

(45)

156 (17) (19) 193 327

(23)

(41) (31)

(46)

780

(794) 1,335 (106) (716)

12

1 1

11

(1,321)

(60)

(6) (5)

(36) (21) (35)

(91)

3

2

(26) (35)

(706)

(21)

21

(1)

(1,097)

31,740

(54)

3,817

(75)

1,287

(275)

2

36,845

(405)

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

5

7.1.4

MEASUREMENT AND MANAGEMENT

GUARANTEES RECEIVED ON IFRS 9 IMPAIRED INSTRUMENTS The statement below shows the credit and counterparty risk exposure for all Groupe BPCE’s financial assets. This exposure to credit risk (determinedwithout taking into account the impact of any unrecognized netting or collateral agreements) and to counterparty risk is based on the carrying amount of the financial assets. 7.1.5

OF CREDIT RISK Credit risk arises whenever a counterparty is unable to meet its payment obligations and may result from a reduction in credit quality or default by the counterparty. Commitments exposed to credit risk consist of existing or potential receivables and particularly loans, debt securities, equities, performance swaps, performance bonds, or confirmed or undrawn facilities. Credit risk management procedures and assessment methods, risk concentration, the quality of performing financial assets, and the analysis and breakdownof outstandingsare described in the risk management report.

Maximum exposure net of impairment

Maximum risk exposure

Impairment

Guarantees

in millions of euros

Debt securities at amortized cost

243

(163)

79

Loans and receivables due from banks at amortized cost Loans and receivables due from customers at amortized cost Debt securities – Fair value through OCI recyclable to profit or loss

35

(34)

2

21,479

(9,374)

12,105

10,815

86

(75) (81)

11

Loan commitments

365

284

32

Guarantee commitments

1,287

(275)

1,012

329

TOTAL IMPAIRED FINANCIAL INSTRUMENTS (S3)

23,495

(10,002)

13,493

11,176

311

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE