BPCE_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF GROUPE BPCE Groupe BPCE's business lines

1.8.2

Natixis

Natixis Natixis provides international financing, asset management, insurance and financial servicesto large corporates, financial institutions and institutional investors. It shares its expertise with Groupe BPCE’s retail banking networks and develops products and solutions for their customers in line with the leadingstandardson the market. In 2017 Natixis successfullycompleted its strategic plan for 2014-2017, ● New Frontier . Revenues were up across the board in 2017, underscoring the excellent sales momentum recorded in all business lines around the world and sector-leading performances. With a Basel 3 CET1 ratio of 10.65% (1) at December 31, 2017, Natixis boasts a solid, enhanced balance sheet. In the Corporate & Investment Banking division, Natixis ● developed an approach geared towards creating high value-addedsolutions for the exclusive benefit of its customers. An exampleof this strategyis the active implementationof O2D, a fee-driven originate-to-distributemodel that uses up few scarce resources, and the development of its Global Markets business lines.

Over 17,000 employees

Listed on Euronext Paris

CAC Next 20

Established in 38 countries

Business line NBI: €8.8bn, +10%

€9.5bn in net banking income, +9%

Business line income before tax: €2.9bn, +16%

Natixis ramped up its international development, where it now ● generatesnearly 50% of its business.It expandedits expertiseby making acquisitions in the asset management, payments and insurancesectors. Natixis also developedmultiple synergieswith the Groupe BPCE networks. Lastly, it implementedits new strategic plan for the 2018-2020 ● period: NewDimension , targetingsustainablevalue creation.This new development plan is based on taking the business model successfullyrolled out under the New Frontier plan even further, ramping up digital conversionand differentiationefforts focused on makingNatixis a leadingplayer in fields where its teams have developedstrong, renownedexpertise,and acceleratingsynergies with the Groupe BPCE networks and between the different Natixis business lines.

BUSINESS LINE CONTRIBUTION TO 2017 INCOME BEFORE TAX ➡

13%

Specialized Financial Services

Asset & Wealth Management 32%

Insurance 11%

44%

Corporate & Investment Banking

Without phase-in measures. (1)

26

Registration document 2017