NATIXIS // 2021 Universal Registration Document

6 INDIVIDUAL FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Individual financial statements and notes

Non-recurring income 2.14 Non-recurring income and expense items are determined based on their amount, their unusual nature with respect to current operations, and the likelihood of the events in question repeating.

Corporate income tax 2.15 Due to additional contributions, the corporate tax rate used to calculate the expense payable for the year was 28.4% for France. Applicable local corporate tax rates were used for foreign subsidiaries.

Note 3

Post-closing events

On February 10, 2022, the Board of Directors approved the 2021 financial statements. Since that date, there have been no significant changes in the financial or commercial situation of Natixis, except for the continued occurrence of the significant events describeidn Note 1.

Note 4

Interbank and similar transactions

(in millions of euros)

2020

2021

Cash, postal cheque accounts and central banks

43,921 123,685

24,526 81,014

Receivables from credit institutions*

Sight

4,929

4,227

Forward

118,756 167,606

76,787

Interbank and similar transactions

105,540

* o/w subordinated loans

0

0

o/w reverse repurchase agreements

34,592

34,692

34

56

o/w accrued interest

The increase in interbank transactions includes the setting up of term loans and borrowingswith BPCE in the amount of +€54.2 billion concluded in order to meet the constraints of the long-term liquidity ratio (NSFR: Net Stable Funding Ratio) that became mandatory on June 30, 2021. These Money Market transactionswere entered into with separate exercise notice periods between lending transactions and borrowing transactions in order to enable Natixis to comply with a minimum ratio of 100%.

Non-performingloans amounted to €24 millionat December 31,2021, compared with €30 million as at December 31, 2020. At December 31, 2021, as at December 31, 2020, Natixis had no irrecoverable loans due from credit institutions. Provisions for non-performing loans amounted to -€24 million at December 31, 2021, compared with -€30 million at December23012, 0.

Note 5

Customer transactions

(in millions of euros)

2020

2021

1,925

2,433

Current accounts overdrawn

Commercial loans Other customer loans

526

397

115,875

121,314

Cash and consumer credit

35,742

30,542

Equipment loans

6,192 2,427

4,621 2,122

Export credit Home loans

2

2

Reverse repurchase agreements

50,703

59,400

Subordinated loans

1,234

1,230

Other loans

19,575

23,397

118,326

124,144

Customer transactions o/w accrued interest

124

127

430

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021