NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

12.31.2017

12.31.2016

Managed on a fair value basis

Managed on a fair value basis

Carrying amount

Accounting mismatch

Embedded derivatives

Carrying amount

Accounting mismatch

Embedded derivatives

(in millions of euros)

Loans and receivables due from banks Loans and receivables due from customers Fixed-income securities

2,099

2,099

1,793

1,793

5,425 3,134

2,303 1,292

544 247

2,577 1,595

5,461 3,278

1,643 1,526

269 341

3,549 1,411

Variable-income securities o/w repurchased securities

15,530

13,546

1,984

11,316

9,277

2,039

44,695

44,695

47,040

47,040

TOTAL

70,882

19,240

47,470

4,172

68,887

14,239

49,689

4,960

6.1.2

Financial liabilities at fair value through profit or loss

At December 31, 2017, financial liabilities at fair value through profit or loss primarily comprised derivatives not used as hedging instruments. Securitiesclassifiedas instrumentsheld for tradingessentiallycompriseshort sales of financialassets.

5

Notes

12.31.2017

12.31.2016

(in millions of euros)

Instruments held for trading

85,937 26,096 59,783 58,948 20,535 34,974 57

88,787 23,153 65,285 57,439 18,564 37,364 349

Securities services

Derivative instruments not eligible for hedge accounting  (a)

6.1.3

Other liabilities

Instruments designated at fair value through profit or loss

6.1.2.1 and 6.1.2.2

Securities services

Repurchased securities  (a)

Other liabilities

3,440

1,511

TOTAL  (B)

144,885

146,226

The information presented takes into account the impact of offsetting carried out in accordance with IAS 32 (see Note 6.3). (a) of which €3,436 million for insurance activities at December 31, 2017, and €1,470 million at December 31, 2016. (b)

Financial liabilities designated under the fair value option through profit or loss and credit risk 6.1.2.1 The carrying amount of financial liabilities designatedat fair value through profit or loss correspondsto their fair value shown on the balancesheet. The amountcontractuallydue on loans at maturityrepresentsthe principalamountoutstandingat the reportingdate, plus any accrued interestnot yet due. The amountcontractuallydue on securitiesrepresentstheir redemptionvalue. Financial liabilities under the fair value option for which the related credit risk is recognized in “Other comprehensive income”

12.31.2017

12.31.2016

Cumulative changes inthe fairvalue of financial liabilities, designated atfair value through profitor loss, attributable to creditrisk  (b)

Cumulative changesin the fairvalue of financial liabilities, designated atfair value through profitor loss, attributable to creditrisk  (b)

Difference between book value and amount contractually dueat maturity

Difference between book value and amount contractually dueat maturity

Amount contractually dueat maturity

Amount contractually dueat maturity

Book value

Book value

(in millions of euros)

Debt securities  (a)

20,432 20,246

186

276 18,469 18,555

(86)

106 (11)

Subordinated debt  (a)

103

100

2

(2)

95

100

(6)

TOTAL  (B) 95 Balances relating to the early repayment of Natixis issues recognized in shareholders’ equity over the 2017 fiscal year totaled €4.5 million, versus (a) €12.4 million over the 2016 fiscal year. The fair value, determined using the method described in Note 5.6, recorded in respect of internal credit risk on Natixis issues totaled (b) €274.8 million at December 31, 2017 versus €95.1 million at December 31, 2016. Besides changes in the outstanding amount, this difference reflects changes in the Natixis spread since the close of the previous year’s accounts. 20,535 20,346 188 274 18,564 18,655 (91)

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Natixis Registration Document 2017