NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

7.6.2

Loans and receivables due from customers

31/12/2020

31/12/2019

Impaired financial assets (b)

Unimpaired financial assets (a)

Unimpaired financial assets (a)

Impaired financial assets (b)

Total

(in millions of euros)

Total

Reverse repurchase agreements

4,141 2,606

4,141 2,648

3,541 2,625

0

3,541 2,646

Current accounts overdrawn

42

22

Finance leases

32

6

38

38

8 0

45

Factoring

2,347

2,347

Other

58,882

3,548

62,430

60,749

3,043

63,792

62

62

93

0

93

Security deposits paid

Value adjustments for credit losses

(209)

(1,171)

(1,380) 67,939

(119)

(1,255)

(1,375) 71,089

TOTAL (c)

65,514

2,425

69,272

1,817

Comprises unimpaired financial assets for which value adjustments are calculated based on 12-month expected credit losses (Stage 1) or lifetime expected credit losses (Stage 2). (a) Impaired financial assets (Stage 3) are assets for which a default event has been identified as defined in Article 178 of the EU Regulation of June 26, 2013 on regulatory requirements for credit institutions. (b) As of December 31, 2019, Coface contributed €2,345.8 million to “Loans and receivables due from customers at amortized cost”. (c)

Reconciliation table for loans and receivables due from customers at amortized cost

Loans and receivables due from customers at amortized cost at 31/12/2020

Unimpaired assets for which expected credit losses are measured over 12 months (S1 bucket)

Unimpaired assets for which expected credit losses are measured on a lifetime basis (S2 bucket)

Assets impaired after their origination/ acquisition (S3 bucket)

Assets impaired on origination/ acquisition

Total

Value adjustment for credit losses

Value adjustment for credit losses

Value adjustment for credit losses

Value adjustment for credit losses

Value adjustment for credit losses

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

(in millions of euros)

17,758

(91)

2,143

(1,021)

363

(96)

70,518

(1,239)

BALANCE AT 01/01/2019

50,255

(31)

New originated or acquired contracts Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)

16,918

(17)

1,386

(13)

0

0

0

0

18,304

(30)

225

1

38

(2)

(3)

(5)

0

0

259

(6)

5

874

4

573

(9) 10 10 (5)

378 731

(367)

107

4

1,933

(368)

Financial asset transfers

(1,892)

(6)

1,161 (740) 2,356

(4)

0

0

0

0

Transfers to S1 (a) Transfers to S2 Transfers to S3

741

(10)

0

0 3

0 0 0

0 0 0

0 0 0

0 0 0

(2,285)

3 1

(71)

(347)

(455)

6

802

(7)

Transfer to non-current assets held for sale (b) Contracts fully repaid or sold during the period

(15,008)

10

(4,653)

21

(262) (191)

60

(123)

12

(20,046)

103 197

Impairment in value (write-off)

194

(3)

3

(195)

Variations linked to changes in exchange rates

454

0 0 0

173

(1)

9 0 4

(8)

5 0 1

(1)

641

(9)

Changes in the model used

0 6

0

0 0

0

0

Other changes (a)

1,256

(211)

(29)

1,050

(23)

BALANCE AT 31/12/2019

53,083

(40)

16,224

(79)

2,809

(1,180)

349

(77)

72,464

(1,375)

New originated or acquired contracts Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)

17,899

(22)

3,533

(9)

0

0

116

(33)

21,548

(63)

0

0

0

0

0

0

0

0

0

0

(5,322)

(11)

(594)

(78)

(186) 1,772

(727)

(24)

(1)

(6,126)

(818)

Financial asset transfers

(662)

0

(1,110) (3,172)

6

(6)

0

0

0

0

Transfers to S1 (b) Transfers to S2 Transfers to S3

3,172

(6)

6

0

0 0

0 0 0

0 0 0

0 0 0

0 0

(2,843)

5 1

2,898

(6)

(55)

(992)

(835)

5

1,827

(6)

(0)

Transfer to non-current assets held for sale Contracts fully repaid or sold during the period

(9,888)

8

(2,069)

9

(184) (667) (173)

34

(62) (33) (19)

1

(12,202)

53

Impairment in value (write-off) (c)

664

33

(700)

697

Variations linked to changes in exchange rates

(2,336)

2 0 0

(823)

5 0

72

3 0 0

(3,352)

82

Changes in the model used

0

0

0

0

0

Other changes (d)

(2,303) 50,470

39

(1)

(49)

44

(0)

(2,312) 69,319

44

BALANCE AT 31/12/2020

(62)

15,200

(146)

3,323

(1,100)

327

(73)

(1,380)

Of which €525 million corresponds to outstanding loans with the SFS entities sold to BPCE at January 1, 2019. (a) Including a reclassification of outstandings from bucket 2 to bucket 1, linked to the abandonment of the downgrading criterion for a sector as a reason for moving to bucket 2 in the second quarter. The impact is estimated at (b) €2.8 billion at the date of completion of this modification. Including -€337.4 million in outstandings partially or fully derecognised, in exchange for a recognition as “unrecoverable losses on receivables”, and still subject to enforcement measures. (c) Of which -€2,346 million corresponds to Coface’s contribution as of December 31, 2019, now treated using the equity method. (d)

331

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020