NATIXIS_PILLAR_III_2017_EN
OTHER RISKS At-risk exposures
Breakdown by rating
% breakdown
AAA
48%
AA
8% 2% 3% 1%
A
BBB
BB NR
38%
TOTAL
100%
Breakdown by country
% breakdown
USA
99%
Europe
1%
TOTAL
100%
TABLE 66: EXPOSURES TO COUNTRIES RECEIVING FINANCIAL ASSISTANCE R
At December 31, 2017, exposures to sovereign risk in countries receiving financial aid or facing uncertainties (political, currency, etc.) were as follows:
12.31.2017 (a)
12.31.2016 (a)
Sovereign securities Derivatives (b)
Sovereign securities Derivatives (b)
Other
Total
Other
Total
(in millions of euros)
Spain* Greece* Ireland* Portugal*
916
4
10
930
1,088
5
4
1,097
0
0
2
- - -
- - -
2
185 154
(4)
181 154
162 101
162 101
Russia
1
0
10 58
11 58
2
2
23 70
27 70
Venezuela
-
-
TOTAL
1,255
0
79
1,334
1,355
7
97
1,459
Countries receiving financial aid from the European Union. * Excluding corporates. (a) Including credit derivatives. (b)
At December 31, 2017 exposure to non-government risk, in particular Greece and countries facing uncertainties (political, currency, etc.), directly held by Natixis stood as follows:
Gross exposure at December 31, 2017 (a)
Asset financing and structured transactions (c)
Total gross exposure
Net exposure at December 31, 2017
Bank
Corporate
(in millions of euros)
Provisions (b)
Greece* Russia Ukraine
5
182 419 118
22
209
(25)
185
525
328
1,272
(6) (8)
1,265
0
25
143
134
13
TOTAL
530
718
375
1,624
(39)
1,585
Countries receiving financial aid from the European Union. * Gross exposure: gross carrying amount on the balance sheet at December 31, 2017. (a) Individual and collective provisions. (b) Exposure corresponds mainly to the “shipping finance” sector amounting to €81 million at December 31, 2017. (c)
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NATIXIS Risk report Pillar III 2017
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