NATIXIS // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes

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

Loans and receivables due from customers at amortized cost

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)

BALANCE AS AT 01/01/2020

53,083 17,899

(40) (22)

16,224

(79)

2,809

(1,180)

349 116

(77) (33)

72,464 21,548

(1,375)

New originated or acquired contracts

3,533

(9)

0

0

(63)

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

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) 3,172

0

(1,110) (3,172)

6 6

(6)

0 0 0 0

0 0 0

(6)

0

0 0

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

(2,843)

5 1

2,898 (835)

(6)

(55)

(992)

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

664

33

(700)

697

Impairment in value (write-off) (b)

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

(2,303) 50,470 19,103

39

(1)

(49)

44

(0)

(2,312) 69,319 21,927

44

Other changes (c)

Balance as at 31/12/2020

(62) (32)

15,200

(146)

3,323

(1,100)

327 257

(73)

(1,380)

New originated or acquired contracts

2,567

(20)

0

0

0

(53)

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

0

0

0

0

0

0

0

0

0

0

5

(3,563) (1,108)

8 3

(3,879)

41 (4)

(483)

(100)

89

(65)

(7,836)

(116)

Financial asset transfers

743

365

(53)

0 0 0

(55)

Transfers to S1 Transfers to S2 Transfers to S3

537

(7)

(536) 1,639 (360)

8

(1)

0 1

2

(1,594)

9 0

(21)

(45) 411

(10) (46)

(51)

8

(54)

(0)

2

2

0

Transfer to non-current assets held for sale (d)

Contracts fully repaid or sold during the period (11,456)

10

(2,270)

13

(461) (273)

64

(19) (10)

2 (14,205)

89

Impairment in value (write-off)

266 (39)

10 (3)

(282) 2,636

276 (48)

Variations linked to changes in exchange rates

2,008

(2)

504

(4)

112

12

Changes in the model used

0

0

0 1

0 0

0 0

Other changes

(51)

(0)

(21)

(0)

(56)

0

(128)

Balance as at 31/12/2021 (1,287) 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 (a) in the second quarter. The impact is estimated at €2.8 billion at the date of completion of this modification. Including -€337.4 million in outstandings partially or fully derecognized, in exchange for a recognition as “Unrecoverable losses on receivables”, and still subject to enforcement measures. (b) Of which -€2,346 million corresponds to Coface’s contribution as of December 31, 2019, now treated using the equity method. (c) Corresponds to the assets of the Payment business, classified as “Non-current assets held for sale” at December 31, 2021. (d) 55,405 (76) 12,844 (121) 2,527 (961) 657 (129) 71,433

343

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021