BPCE - 2020 Universal Registration Document

1

PRESENTATION OF GROUPE BPCE

THE GROUP’S BUSINESS LINES

1.5.2

Natixis

Natixis is a French international financial institution specializing in asset and wealth management, Corporate & Investment Banking, insurance and payments. A subsidiary of Groupe BPCE, Natixis serves and advises its own customer base of corporates, financial institutions and institutional investors, as well as the customers of the Groupe BPCE networks.

Key figures More than 16,000 employees •

Operating in 36 countries • Listed on Euronext Paris • €7.3bn in net banking income, -14% • €7.4bn in business line net banking income, • -12% €101bn in net income attributable to equity • holders of the parent Changes compared to 2019 figures. shale oil & gas activities in the United States within two years. In order to be part of a long-term growth trajectory and • establish a solid foundation for preparing its next strategic objectives for 2024, Natixis adopted three main strategic guidelines in early November 2020: to place its asset management business in a position of growth and development momentum (see below), reduce the volatility of revenues from Corporate & Investment Banking (see below), and strengthen its earning capacity by promoting dynamic cost management. In this context, Natixis has announced the launch of a cost reduction program of around €350 million by 2024.

IN 2020 During the health crisis, Natixis stepped up support for its • customers in all its business lines, with adapted products and services and ever more advice. In February 2020, Natixis announced the sale of 29.5% of • Coface’s share capital to Arch Capital Group, a leading specialist insurer in the United States. Natixis has made a series of commitments over time to • preserve biodiversity and natural capital through its various business lines, by participating in the act4nature international initiative. It also adopted a timetable for the total phase-out of thermal coal, decided to no longer support companies developing new coal-fired power plants or thermal coal mines, and opted for a total phase-out of

BUSINESS LINE CONTRIBUTION TO 2020 INCOME BEFORE TAX

NBI business lines

Business line profit before tax

Payments € 431 m

€ 1,087 m

Insurance € 901 m

€ 393 m € 42 m

NBI business lines € 7,360 m

Asset & Wealth Management € 3,225 m

€ 757 m

● Payments ● Insurance ● Asset & Wealth Management ● Corporate & Investment Banking

Corporate & Investment Banking € 2,803 m

- € 105 m

12/31/2020

38

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

www.groupebpce.com