GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

It should be recalled that in fiscal years 2009to 2017, the Group devalued goodwill by €697 million for the following cash-generating units: countries of Eastern and Central Europe for a total of ● €502 million, including: €113 million in 2009 corresponding to start-uprisk in the emergingcountriesof EasternEurope,where the OTP Bank group is active, €79 millionin 2010, €51 millionin 2011, and €260 million in 2012;

Greece: €39 million in 2011 and €9 million in 2012; ● Turkey: €88 million in 2016 and €58 millionin 2017. ● During fiscal year 2019, Groupama impaired the goodwill of the cash-generating unit in Italy for €102 million.

166

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES