BPCE_PILLAR_III_2017
CAPITAL MANAGEMENT AND CAPITAL ADEQUACY Detailed quantitative disclosures
TABLE 14 – ISSUES OF DEEPLY SUBORDINATED NOTES AT DECEMBER 31, 2017 ➡ Capital instrumentsissued by BPCE, whose outstandingstotaled
€ 744 million at December 31, 2017, are recordedunder shareholders’equity in
€ 456 million at
the financial statements.Capital instrumentsissued by Natixis and subscribedfor by third parties, whose outstandingstotaled December31, 2017,are recorded under non-controlling interests inthe financialstatements. Instruments inthe process of beingredeemedare no longer recognized inequityonce the transactionhas been validated by the regulator.
3
Outstandings in original currency in millions
Net prudential outstandings in millions of euros
Net outstandings in millions of euros (1)
Issuer
Issue date 1/25/2005 3/28/2008 4/30/2008 8/6/2009 8/6/2009
Currency
NATIXIS NATIXIS NATIXIS
EUR EUR USD EUR USD
156 150 186 374 444
152 150 155 374 369
76 75 77
BPCE BPCE
187 185 600
TOTAL
1,200
Nominalamounttranslatedinto eurosat the exchangerate in forceat the closingdate. (1)
A detailedbreakdown of debtinstruments recognized as AT1capital,as requiredby Commission Implementing regulationNo.
1423/2013, is publishedat the
following address:bpce.fr/en/Investors/Regulated-information/Regulatory-publication
TABLE 15 – TIER 2 CAPITAL ➡
12/31/2017 Basel III phased-in
12/31/2016 Basel III phased-in
in millionsof euros
Eligible Tier 2 capital instruments
15,132
16,430
Own Tier 2 instruments
(75)
(302)
43
51
Ineligible Tier 2 capital instrumentsubject tograndfathering clause *
Holdingsof T2 instruments offinancial sectorentitieswhere the group hasan investment above the 10% threshold
(1,245)
(1,332)
Phase-inmeasures applicable toTier 2 capital Provisions in excess ofexpected losses
160 542
254 592
TIER 2CAPITAL
14,557
15,693
Amountafter the applicationof phase-inmeasures,i.e. 50%of perpetualsubordinatednotesoutstandingat 12/31/2017and 60%at 12/31/2016. *
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Risk Report Pillar III 2017
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