BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

LOANS AND ADVANCES DUE FROM BANKS

12/31/2020

12/31/2019

in millions of euros

Current accounts Overnight loans

1,538 6,008

1,831 1,881

Securities purchased under demand repurchase agreements

0

0

Unallocated items

26

29

Accrued interest on demand accounts

0

1

Demand accounts

7,572

3,742

Term accounts and loans

196,528

159,463

Subordinated and participating loans

3,873 2,877 (263)

3,623 3,855

Securities purchased under term repurchase agreements

Accrued interest on term accounts

(34)

Term accounts

203,015

166,907

Non-performing loans and receivables

0 0 0 0

0 0 0 0

o/w irrecoverable non-performing loans and receivables Impairment of interbank loans and receivables

o/w impairment of irrecoverable non-performing loans and receivables

TOTAL

210,587

170,649

At December 31, 2020, receivables arising from transactions with the networks can be broken down into €7,449 million in demand accounts, and €189,038 million in term accounts. At December 31, 2019, receivables arising from transactions with the networks can be broken down into €3,415 millionin demand accounts, and €155,980 million in term accounts.

Loans and advances due from banks therefore mainly relate to institutions benefiting from the guarantee and solidarity system presented in Note 1.2, which explains the absence of impairment. The increase in Term accounts and loans is mainly due to the funding granted to Group institutions that have granted State-guaranteed loans (SGL) (see Note 1.5.2).

AMOUNTS DUE TO BANKS

12/31/2020

12/31/2019

in millions of euros

Current accounts Overnight deposits

48,955

19,740

8,335

8,966

Securities sold under demand repurchase agreements

0

0

Other amounts due

64

24 (4)

Accrued interest on demand accounts

(16)

Demand accounts

57,338 164,031 17,343

28,726 92,245 10,396

Term accounts and loans

Securities sold under term repurchase agreements

Accrued interest payable on term loans

(366)

(104)

Term accounts

181,008 238,346

102,537 131,263

TOTAL

At December 31, 2020, amounts payable arising from transactions with the networks can be broken down into €55,282 million in demand accounts, and €88,561 millionin term accounts. At December 31, 2019, amounts payable arising from transactions with the networks can be broken down into €26,923 million in demand accounts, and €69,013 millionin term accounts.

The increase in the Term accounts and borrowings item is mainly due to the participation in long-term funding operations (TLTRO3) with the ECB, which amounted to €81,496 million at December 31, 2020. This debt has given rise to the recognition of interest income in the item “Interest and similar income” on the basis of a subsidized rate of -1% applicable over the period insofar as the Group considers it highly probable that it will achieve the stability objectives of outstanding loans defined by the ECB.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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