NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

Provision for credit losses 7.8 This line item primarily includes income related to the recognition of credit risk as defined by IFRS 9: cash flows on provisions and impairments for 12-month and a lifetime expected credit losses related to: debt instruments recognized at amortized cost or at fair j value through other comprehensive income, lease receivables, j

loan or guarantee commitments given that do not fit the j definition of derivative financial instruments; losses on irrecoverable loans, and recoveries of loans a previously recognized as losses. It also includes any impairments recorded in respect of proven default risks associated with counterparties of OTC instruments.

31/12/2018

Recoveries of bad debts written off

Write-offs not covered by provisions

Net

Charges

Net reversals

(in millions of euros)

Provisions for impairments of financial assets

(1,114)

1,019

(70)

14

(152)

Unimpaired financial assets—12-month expected credit losses Unimpaired financial assets—Lifetime expected credit losses Impaired financial assets—Lifetime expected credit losses Financing commitments—12-month expected credit losses Financing commitments—Lifetime expected credit losses Impaired financing commitments—Lifetime expected credit losses

(70)

61

0

0

(10)

(326)

418

0

0

92

5

(718) (361)

540 301

(70)

14

(234)

Contingency reserves

(3)

0

(63)

(30)

31

0

0

1

(192)

227

0

0

35

(31)

34

(1) (3)

0 0

2

Other

(108)

9

(101)

TOTAL

(1,475)

1,320

(74)

14

(215)

Of which: Reversals of surplus impairment provisions Reversals of utilized impairment provisions

1,320

286

Sub-total reversals:

1,606 (286) 1,320

Write-offs covered by provisions

Total net reversals:

AT DECEMBER 31, 2017 R

This line item mainly reflects net risk recorded on lending transactions and any impairments recorded in respect of proven default risks associated with counterparties of OTC financial instruments.

31/12/2017

Write-offs not covered by provisions

Recoveries of bad debts written off

Charges

Net reversals

Net (62)

(in millions of euros)

Contingency reserves

(101)

39 34

Financing commitments

(27) (75)

7

Other

5

(70)

Provisions for impairment of financial assets

(396)

246

(53)

6

(196)

PROVISION FOR CREDIT LOSSES

(497)

286

(53)

6

(258)

o/w Reversals of surplus impairment provisions Reversals of utilized impairment provisions

286 319 604

Sub-total reversals:

Write-offs covered by provisions

(319)

Total net reversals:

286

301

Natixis Registration Document 2018