NATIXIS // 2021 Universal Registration Document

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

Interest and similar income Note 24

(in millions of euros)

2020

2021

5,167 1,150 2,015

5,596 1,694 1,934

Interest and similar income

Interbank transactions Customer transactions

151

181

Bonds and other fixed-income securities

Other interest and similar income

1,851

1,788

(4,067) (1,108)

(4,554) (1,271)

Interest and similar expenses

Interbank transactions Customer transactions

(755)

(641)

Bonds and other fixed-income securities Other interest and similar expenses

(1,095) (1,109)

(1,349) (1,294)

1,100

1,042

Negative interest on assets is presented under “Interest and similar expenses”; negative interest on liabilities is presented under “Interest and similar income”. At December 31, 2021, the negative interest on financial assets and liabilities amounted to €241.4 million and €271 million respectively.

Of which -€159 million in interest expense on subordinated debt at December 31, 2021 versus -€176 million as at December 31, 2020.

Income from variable-income securities Note 25

(in millions of euros)

2020

2021

Investment in subsidiaries and affiliates

300

752

Investment in associates and other long-term investments Equities and other variable-income securities

7

5

TOTAL

307

757

6

Commissions Note 26

2020

2021

Income

Expense

(in millions of euros)

Income

Expense

Customer transactions Securities transactions

436

(5)

368

(5)

2

(144)

2

(170)

Forward financial instruments

55

(45) (78) (37) (10)

68

(46) (74) (24)

From financing and guarantee commitments From other off-balance sheet commitments

117 114

117 113

From foreign exchange transactions

(8)

From other financial services

11 38

(9)

15 32

(11) (38)

From payment services

(45)

Ancillary income

7

7

Other

21

91

TOTAL

801

(373)

811

(377)

445

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021