NATIXIS - 2018 Registration document and annual financial report

RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures

EAD BY RATING SOURCE – STANDARDIZED APPROACH (NX11 BIS) R

Exposure class (in millions of euros)

FITCH MOODY’S

S&P

BDF

Total 3,662

Corporates Institutions

1

76 64 90 12

1,540

2,046

192 158

395 484

4

654

Governments and central banks

276

1,009

Central governments and central banks International organizations Multilateral development banks Regional governments or local authorities

38

71

122

3

27 94

48 30

41

116 771

Public sector entities

371

276

Retail

53 53

53 53

SMEs included in Retail category

Other exposures included in Retail category Exposures secured by mortgages on immovable property

37

115

152

SMEs included in exposures secured by mortgages on immovable property category Other exposures secured by mortgages on immovable property

64 51 76

64 88 76

37

Defaulted exposures

Exposures to institutions and corporates with a short-term credit assessment

1

49

331

387

768

TOTAL AT 31/12/2018 TOTAL AT 31/12/2017

353 352

279

2,786 2,752

2,956

6,374 4,297

1,193

SECURED EXPOSURES BY RATING AND BY TYPE OF GUARANTOR (NX17) R

Type of guarantor

Internal Rating Of Guarantor (S&P Equivalent) (% breakdown)

Central governments and central banks

Institutions

Corporates

Retail

AAA

0.5%

AA+, AA, AA-

43.6% 42.3% 12.1%

33.5% 56.1%

66.4% 18.2%

A+, A, A-

BBB+, BBB, BBB-

8.1% 1.6% 0.3%

10.7% 2.2%

BB+, BB, BB-

0.7%

B+, B, B- C Unrated*

1.5%

0.4%

4.0% 97.8%

TOTAL

100.0%

100.0%

100.0% 100.0%

Unrated: excluding exposures guaranteed by BPCE Group affiliates. *

Guaranteed Exposures by Type

Central governments and central banks

Institutions

Corporates

AAA AA+, AA, AA-

4.2%

39.6% 37.1% 19.2%

72.7% 15.5% 10.5%

A+, A, A-

93.4%

BBB+, BBB, BBB-

2.4%

BB+, BB, BB-

1.9% 1.0%

1.2%

B+, B, B- L Unrated*

1.2%

0.1%

TOTAL AT 31/12/2018

100.0%

100.0%

100.0%

Unrated: excluding exposures guaranteed by BPCE Group affiliates. *

183

Natixis Registration Document 2018

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