BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
7.1.5
Restructuring due to financial difficulties
12/31/2017
12/31/2016
Off-balance sheet commitments
Off-balance sheet commitments
Loans and receivables
Loans and receivables
Total
Total
in millions of euros
Impaired restructured loans Performing restructured loans
3,858
36 15 51
3,894
4,444
177
4,621
815
830
966
18
984
TOTALRESTRUCTUREDLOANS
4,673 (881) 2,846
4,724 (879) 2,869
5,410
195
5,605
Impairment
2
(1,043)
(1,043)
Guaranteesreceived
23
3,356
3
3,359
Breakdown of gross outstandings
12/31/2017
12/31/2016
Off-balance sheet commitments
Off-balance sheet commitments
Loans and receivables
Loans and receivables
Total
Total
in millions of euros
Restructuring: amendments to terms and conditions
3,013 1,660 4,673
36 15 51
3,049 1,675 4,724
4,020 1,390 5,410
174
4,194
Restructuring: refinancing
21
1,411
TOTALRESTRUCTUREDLOANS
195
5,605
Geographic region of counterparty
Fiscal year 2017
Fiscal year 2016
Off-balance sheet commitments
Off-balance sheet commitments
Loans and receivables
5
Loans and receivables
Total
Total
in millions of euros
France
2,880 1,793 4,673
22 29 51
2,902 1,822 4,724
2,804 2,606 5,410
29
2,833
Other countries
166 195
2,772 5,605
TOTALRESTRUCTUREDLOANS
Credit risk mitigation mechanisms: assets obtained by taking possession of collateral 7.1.6 The followingstatementshows by type the carryingamount of assets (securities,buildings,
etc.) obtainedduring the period by taking possession
of collateral or other forms of credit enhancement.
Fiscal year 2017
Fiscal year 2016
in millionsof euros
Investmentproperty Equity and debt instruments
76 76
TOTALASSETS OBTAINEDBY TAKING POSSESSIONOF COLLATERAL
MARKET RISK 7.2 Market risk refers to the possibility of financial loss due to market trends, suchas: interest rates: interest rate risk is the risk that the fair value or ● future cash flows of a financial instrument will fluctuate due to changes inmarketrates of interest; exchange rates; ● prices: marketprice risk is the risk of a potentialloss resultingfrom ● changesin marketprices,whetherthey are causedby factorsspecific to the instrument or its issuer, or by factors affecting all market tradedinstruments.Variable-income securities,equityderivativesand commodity derivatives arexposed tothis type of risk; and more generally, any market parameter involved in the valuation of ● portfolios.
Systems for the measurement and monitoring of market risks are presented inthe risk managementreport. The informationprovidedin the risk managementreportrequiredunder IFRS 7 andrelating to the management of market risk comprises: VaR forthe BPCE SA group scope; ● the conclusions of the global stress tests. ● RATE RISK Interest rate risk is the risk that unfavorablechanges in interest rates will adversely impact the Group’s annual results and net worth. Exchange rate risk is the risk of losses resulting from changes in exchange rates. INTEREST RATE RISK AND EXCHANGE 7.3
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Registration document 2017
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