BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

12/31/2020

12/31/2019

Financial assets mandatorily recognized at fair value through profit or loss

Financial assets mandatorily recognized at fair value through profit or loss

Financial assets

Financial assets

Financial assets considered part of a

Financial assets considered part of a

designated at fair value

designated at fair value

Other financial assets (2)(3)

through profit or loss (1)

Other financial assets (2)(3)

through profit or loss (1)

trading activity

trading activity

Total

Total

in millions of euros

Treasury bills and equivalent Bonds and other debt securities

10,087

10,087 13,715 23,802

6,451 8,470

2

6,452

8,683

5,011 5,011

21 21

3,732 3,734

43 43

12,246 18,698

Debt securities

18,770

14,921

Loans to banks (excluding repurchase agreements) Customer loans (excluding repurchase agreements)

966

2

968

13

1,003

2

1,019

2,932

2,049

4,981

4,599

1,853

6,452

Repurchase agreements (4)

67,019 69,951 32,733 44,863 15,394

67,019 72,968 33,788 44,863 15,394

83,002 87,614 36,160 43,594 14,953

83,002 90,473 37,040 43,594 14,953

Loans

3,015 1,055

2

2,856

2

Equity instruments

/// /// ///

880

/// /// ///

Trading derivatives (4) (5) Security deposits paid

/// ///

/// ///

TOTAL FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

181,711

9,081

23

190,815

197,243

7,470

45

204,759

Only in case of an “accounting mismatch”. (1) Consisting of non-SPPI assets that fall outside the scope of a trading activity including units of UCITS and private equity investment funds presented in bonds and other debt (2) securities (€4,578 million at December 31, 2020 versus €3,031 million at December 31, 2019). Loans to customers include, among others, certain structured loans to local authorities. This category also includes equity instruments the Group decided not to recognize through other comprehensive income for a total of €1,055 million at December 31, 2020 versus €880 million at December 31, 2019. The criteria used by the group to categorize financial assets at fair value through profit or loss if they do not meet the SPPI criterion are provided in Note 2.5.1. (3) This information is presented in consideration of netting effects, in accordance with IAS 32 (see Note 5.18.1). (4) 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 (see Note 5.2.3). (5)

5

421

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE