BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

7.1.3.4 Financial instruments are divided into three categories (Stages) depending on the increase in credit risk observed since initial

Change in impairment for credit losses on loans and receivables due from customers at amortized cost

closing date, including if ratings have been automatically

improved by government support measures (positive impact of recognition. This increased risk is measured by ratings at the the moratoria and SGLs described below and in Note 1.5.2).

Purchased or Originated Credit-Impaired (S2 POCI)

Purchased or Originated Credit-Impaired (S3 POCI)

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 (1) Transfers to S2 Transfers to S3 Other changes (2) BALANCE AT 12/31/2020 Impairment (write-off)

140,294

(181)

32,198

(334)

7,418 (2,471)

85

(1)

626

(356)

180,620 (3,343)

30,186

(92)

4,442

(33)

///

///

188

(43)

34,817

(168)

(25,628)

57 (3,307)

44

(927)

90

(2)

(422)

282 (30,287)

473

///

///

///

///

(968)

942

(33)

33 (1,001)

975

(1,413)

(1)

(797)

32 67

2,122 (148) (470) 2,740

(43)

8

(8)

(88) (36) (47)

(11)

6,580

(66)

(6,468)

5

6

(6,655) (1,338) (7,285)

51

7,078

(117)

53

8

(8)

(14)

14 (1,407)

82

(100)

(5)

(4)

(24)

(2,514)

(144)

325 (1,091)

(30)

(14)

2 (9,518)

(1,257)

136,153 174,543 (3,333) Including a reclassification of €3.7 billion of outstandings at Corporate & Investment Banking and certain Retail Banking and Insurance business lines from Stage 2 to Stage 1 by (1) Natixis group, due to the decision no longer to reclassify an asset to Stage 2 when a business sector rating is downgraded. Other changes include amortization of receivables, changes in credit risk parameters (including partial repayments), currency fluctuations and IFRS 5 impacts (particularly (2) -€2 billion related to Coface, now reported by the equity method). (242) 30,023 (435) 7,969 (2,572) 62 (1) 337 (83)

The increase in outstanding loans and receivables due from customers includes State-guaranteed loans totaling €4 billion in 2020 (see Note 1.5.1.1).

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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