BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
5.19.3 Provisions on regulated home savings products
12/31/2017
12/31/2016
in millions of euros
Provisionsfor PELregulated home savings plans less than 4years - more than 4 years and less than 10 years - Provisionsfor PELregulated home savings plans Provisionsfor CELregulated homesavingsaccounts Provisions for PELregulated homesavings loans Provisions for CEL regulated home savings loans Provisionsfor regulatedhome savings loans more than 10 years -
147 308 192 647
405
99
169 673
52 (1) (3) (4)
45 (1) (4) (5)
TOTALPROVISIONS FOR REGULATED HOME SAVINGS PRODUCTS
695
713
The change inthe provisionson regulated home savingsproducts reflects the maturation of the PEL strata(see Note
5.19.1).
SUBORDINATED DEBT 5.20 Subordinateddebt differs from other debt and bonds in that it will be repaid only after all the senior and unsecured creditors, but before the repayment of participating loans and securities and deeply subordinated notes.
12/31/2017
12/31/2016
in millionsof euros
Termsubordinated debt Perpetualsubordinated debt Mutualguarantee deposits Subordinated debtand similar
16,115
18,620
321 157
321 166
16,593
19,107
Accrued interest
328 489
356 658
Revaluation ofthe hedged component TOTALSUBORDINATEDDEBT
17,410
20,121
The fair valueof subordinateddebt is presented inNote 15.
Changes in subordinated debt and similar during the year
12/31/2017
01/01/2017
Issuance (1)
Redemption (2)
Other changes (3)
in millions of euros
Termsubordinated debt Perpetualsubordinated debt Mutualguarantee deposits
18,620
(1,654)
(851)
16,115
321 166
321 157
12 12
(21)
SUBORDINATEDDEBT AND SIMILAR
19,107
(1,675)
(851)
16,593
No new issuancewas made in the 2017 fiscalyear. (1) Redemptionsof subordinatedborrowingsand securitiesspecificallyinvolved: (2)
the maturingof subordinatedsecurities issuedby BPCE in the amountof €1,150 million,in 2017; ● the maturingof subordinatedsecurities issuedby Natixis in the amountof €500 million,in 2017. ● Otherchangesmainly includedthe revaluationof debtssubjectto hedging,foreignexchangefluctuationsand variationsin intra-groupsecuritiesheld by NatixisFundingfor the purposesof (3) market-makingwith respectto Natixis’debt on the secondarymarket.
Deeply subordinatednotes qualifying as equity instruments are presented in Note
5.22.2.
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Registration document 2017
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