BPCE_REGISTRATION_DOCUMENT_2017

2017 ACTIVITIES AND FINANCIAL INFORMATION Significant events of 2017

Furthermore,in December,BPCE SA bought a 16.66%stake in PAYLIB SERVICES, a joint venture in payment services between five French banks: BNP Paribas, Société Générale, Crédit Mutuel Arkéa Crédit Agricole and LaBanque Postale. In addition to bolstering the payments and insurance business lines, Natixis furtheredits effortsto transform its corebusinesses. The Specialized Financial Services division stepped up its relations with the Groupe BPCE networks and rolled out new offers and new tools designed to accommodate the changes in distribution and customer needs inan increasingly digitized world that. The Asset Management business line underwent major changes. Natixis Global Asset Management (NGAM) changed its name to Natixis Investmentmanagersto highlight the multi-affiliatemodel it is still working to develop. Purchasing a majority holding (51.9%) in Investors Mutual Limited (IML) opened the door to the individual customers and pension fund markets in Australia, and Mirova’s acquisition of a 51% stake in Althelia Ecosphere at the end of September allowed it to create a European platform exclusively dedicated to natural capital investment. Meanwhile, Corporate & Investment Banking further expanded its three international platforms by broadening their areas of expertise and boosting theirvisibility. A number of streamliningprojects were initiated or finalized on the Banque Populaire and Caisse d’Epargne networks in 2017. Caisse d’Epargne Hauts de France was created in May 2017, realizing the

mutual goal held by Caisses d’Epargne Picardie and Caisse d’Epargne Nord France Europe of joining forces to become the leading bank servingcustomersin the Hauts de France region. The new bank covers the Hauts de France region perfectly, making it ideally suited to supportprojects,economicoperators andresidentsof the area. In September 2017, the Steering and Supervisory Boards of Caisse d’Epargne d’Alsace and Caisse d’Epargne Lorraine Champagne-Ardennesettled on a founding agreementto initiate the merger of the two banking institutions, with the legal merger scheduledto take place in April 2018. In December 2017, the 310,000 cooperative shareholdersof Banque Populaire Atlantique, Banque Populaire de l’Ouest, Crédit Maritime Atlantique and Crédit Maritime Bretagne-Normandievalidated the merger of all four entities to create Banque PopulaireGrand Ouest, a powerful regional cooperative bank covering the Brittany/Paysde la Loire regionsand theMancheand Orne départements in Normandy. In keeping with the Operational Excellence Plan, Groupe BPCE restructured the procurement function. As of September 1, 2017, BPCE Procurement combines the procurement functions of BPCE-IT, i-BP, IT-CE and Natixis, with the goal of generating performance gains while simplifying the overall structure. BPCE Procurement comprises a unified team of 88 employees, primarily based in Paris and Nantes, with two objectives: (i) to improve the function’s efficiency by paving the way for new synergies; (ii) to optimize the cost of the procurement function and thus benefit all Group entities.

4

215

Registration document 2017