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)

141

NATIXIS Risk report Pillar III 2017

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