BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF BPCE SA GROUP 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)

57,648 82,168 139,816 13,091 152,907

4,878

52,770 67,019 119,789

90,909 103,612 194,521

31,354 20,610 51,964

59,555 83,002 142,557

Repurchase agreements

15,149 20,027

Financial assets at fair value

Repurchase agreements (loans and receivables portfolio)

5,057

8,034

9,061

1,100

7,961

TOTAL 150,518 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 the presentation of premiums on options to be paid or received (see Note (2) 5.2.3). 25,085 127,823 203,582 53,064

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

5

Derivatives (trading and hedging)

52,770 75,053 127,823

33,326 71,810 105,137

10,541

8,903 3,238

59,555 90,963 150,519

39,121 87,239 126,360

9,271

11,163

Repurchase agreements

5

93

3,631

TOTAL

10,546

12,140

9,364

14,794

Including collateral received in the form of securities. (1) Amounts not 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 (2) 5.2.3).

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)

55,862 110,411 166,274 19,039 185,774

4,418

51,444 95,262 146,707 13,982 160,689

91,992 116,158 208,150 13,146 221,296

31,354 20,610 51,964

60,638 95,548 156,186 12,046

Repurchase agreements

15,149 19,567

Financial liabilities at fair value

Repurchase agreements (debt portfolio)

5,057

1,100

TOTAL 168,232 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 the presentation of premiums on options to be paid or received (see Note (2) 5.2.3). 25,085 53,064

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE