NATIXIS_REGISTRATION_DOCUMENT_2017

RISKS AND CAPITAL ADEQUACY Capital management and capital adequacy

CHANGES IN REGULATORY CAPITAL, REGULATORY OWN FUND REQUIREMENTS 3.4.4 AND RATIOS IN 2017

Regulatory capital and capital adequacy ratio: The 2017 CET1, Tier 1 and total ratios are presented below by major component.The same ratios for 2016 are shown by way of comparison. In accordancewith the Basel 3/CRRregulatoryframework,under Pillar I these ratiosmust exceedthe minimumlimits of 4.5%, 6%

and 8%, respectively,in additionto the cumulativesafety buffers of 5.75%,7.25%and 9.25%,respectivelyfor 2017, and 6.375%, 7.875%and 9.875%,respectivelyfor 2018.

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TOTAL CAPITAL RATIO R

12.31.2017

12.31.2016

(in millions of euros)

Shareholders' equity (Group share) Deeply subordinated notes (DSN) Perpetual subordinated notes (PSN)

19,795

19,836

2,232

1,611

0

0

Consolidated shareholders’ equity (Group share), net of DSNs and PSNs

17,563

18,225

Minority interests (amount before phase-in arrangements)

137

90

Intangible assets

(511)

(521)

Goodwill

(3,131) (1,160)

(2,945) (1,130) (1,245) 12,474

Dividends proposed to the General Shareholders’ Meeting and expenses Deductions, prudential restatements and phase-in arrangements

(924)

Total Common Equity Tier 1 capital

11,975

Deeply subordinated notes (DSN) and preference shares

2,397

1,979

Additional Tier 1 capital

0

0

Tier 1 deductions and phase-in arrangements

(101)

(208)

Total Tier 1 capital Tier 2 instruments Other Tier 2 capital

14,271

14,244

2,955

3,082

0

100

Tier 2 deductions and phase-in arrangements

(686)

(628)

Overall capital

16,540

16,799

Total risk-weighted assets Credit risk-weighted assets Market risk-weighted assets Operational risk-weighted assets Capital adequacy ratios Common Equity Tier 1 ratio

110,697 86,182

115,524 90,704 11,111 13,709

9,730

14,784

10.8% 12.9% 14.9%

10.8% 12.3% 14.5%

Tier 1 ratio

Total capital ratio

123

Natixis Registration Document 2017