BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017

Gains and losses recognized directly in other comprehensive income

Change in fair value of financial instruments

Revaluation of own credit risk on financial liabilities designated at fair value through profit or loss (8)

Total equity attributable to equity holders of the parent

Net income attributable to equity holders of the parent

Total consolidated equity

Revaluation differences on employee benefits

Foreign exchange rate adjustments

Available-for-sale financial assets

Hedging derivatives

Non-controlling interests

504

(83)

8

1,481

(363)

19,997

7,467

27,464

(351)

(433)

(784)

5

1

6

(350)

(350)

(99)

(99)

(147) (942) (409) 1,664 1,255 (100)

(26)

(173)

(458)

(1,400)

121

(36)

(66)

(411)

(18)

73

(336) 2,158 1,822 (111)

1,664 1,664

494 567 (11)

121

(36)

(66)

(411)

(18)

625

(119)

(58)

1,070

(381)

1,664

20,210

7,565

27,775

(1,664)

625

(119)

(58)

1,070

(381)

20,210

7,565

27,775

(410)

(403)

(813)

5

16

16

(1,052)

(301)

(1,353)

(75)

(75)

5 5

(210)

(295) (983) (237)

(505)

(1,747)

(2,730)

(524)

(3)

(109)

221

33

(382)

(619) 1,515

845 845

845 463 (44)

670 433

(524)

(3)

(109)

221

33

896 (41)

3

106

(122)

(167)

1,291

(348)

845

18,882

7,018

25,900

-€292 million (-€80 million attributable to equity holdersof the parent and-€212 million attributable to non-controlling interests) for the purchase of40%of BPCE Assurances fromminorityshareholders; ● -€122 million (-€87 million attributable to equity holdersof the parent and-€35 million attributable to non-controlling interests) forstockoptions granted to minority shareholders in the Australian company ● InvestorMutualLimited(IML),inPayPlugandfor the resultsof the publicbid for the shares inDalenys group heldbyminority shareholders made inDecember 2017; -€96 million (-€68 million attributable to equityholdersof the parent and -€28 million attributable to non-controlling interests) for the change in the fairvalueof stock options grantedto the minority ● shareholders of: DNCAFrance(-€45 million attributable to equityholdersof the parent and -€18 million attributable to non-controlling interests), - Ciloger(-€11 million attributable to equity holdersof the parent and-€5 millionattributable tonon-controlling interests), - Dorval (-€21 million attributable to equityholdersof the parent and -€8 million attributable to non-controlling interests), - Darius(-€5 millionattributable to equityholdersof the parent and -€2 million attributable to non-controlling interests), - Lakooz (+€3 million attributable to equity holdersof the parent and+€1 million attributable to non-controlling i terests), - +€18 million (€13 million attributable to equity holdersof the parent and€5 million attributable to non-controlling i terests) for the inclusion of Bati Lease, Bati Lease Invest and Inter-Coop inthe - consolidation scope (entities sold to NatixisbyCrédit Coopératif). Including avariationin the translation difference of -€22 million (-€16 million attributable to equity holdersof the parent and-€6 millionattributable tonon-controlling interests) following the sale of two Natixis (6) groupentities (Caspian 1A and 1B) and the liquidation of Nexgen Financial Holding. Otherchangesalso include interest on perpetual deeply subordinated notesfor the portion subscribed for by non-controlling interests. (7) The impactof the early application of the provisions of IFRS 9“Financial Instruments”on financialiabilities recognized under“Revaluationofown credit riskonfinancial liabilities designated at fairvaluethrough (8) profit orloss” wasbooked inopeningequityatJanuary 1,2016in the amountof +€17 million (+€8 million attributable to equity holdersof the parent). Changes in fair valueattributable to own credit r skon financial liabilities designated at fair value throughprofitor lossbooked inequityamounted,aftertax,to:

-€93 million (-€66 million i equityattributable to equityholdersof theparent) in2016.Early repayment balances recognized inequityin2016stoodat +€8 millionetof tax; ● -€148 million (-€109 million inequityattributable to equity holdersof the parent) in 2017. Early repayment balances recognized inequityin 2017stoodat +€3 million net of tax. ●

363

Registration document 2017