NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

Cost of risk 6.8 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 V lifetime expected credit losses related to: debt instruments recognized at amortized cost or at fair value V through other comprehensive income,

lease receivables, V loan or guarantee commitments given that do not fit the V definition of derivative financial instruments; losses on irrecoverable loans, and recoveries of loans previously V recognized as losses.

31/12/2020

31/12/2019

Write-offs not covered by provisions

Write-offs not covered by provisions

Recoveries of bad debts written off

Recoveries of bad debts written off

Net reversals

Net reversals

Charges

Net

(in millions of euros)

Net

Charges

Provisions for impairment of financial assets

(1,372)

567

(3)

7 (801)

(872)

561

(9)

4 (316)

Unimpaired financial assets – 12-month expected credit losses Unimpaired financial assets – Lifetime expected credit losses Impaired financial assets – Lifetime expected credit losses

(118)

90

0

0 (27)

(74)

61

0

0 (13)

(395)

321

0

0 (73)

(244)

266

0

0 22

(860)

156

(3)

7 (700)

(554)

234

(9)

4 (325)

Other Contingency reserves

(403)

353

(0)

0 (51)

(275)

262

(2)

0 (15)

5

Financing commitments – 12-month expected credit losses Financing commitments – Lifetime expected credit losses

(75)

50

0

0 (25)

(29)

26

0

0 (3)

253

0

0 (41)

(166)

174

0

0

8

(295)

Impaired financing commitments – Lifetime expected credit losses

(25)

42

0

0 16 0 (1) 7 (851)

(75)

50 11

(0) (2)

0 (25)

Other

(8)

8

(0) (3)

(5)

0

4

TOTAL

(1,775)

920

(1,147)

823

(11)

4 (332)

Of which:

Reversals of surplus impairment provisions Reversals of utilized impairment provisions Sub-total reversals Write-offs covered by provisions Total net reversals

920

823

677

194

1,597

1,017

(677)

(194)

920

823

This item also includes any impairments recorded in respect of proven default risks associated with counterparties of OTC instruments, booked as financial assets at fair value through profit or loss equal to €32.6 million as of December 31, 2020.

305

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020