NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

The Equities, Fixed Income, Credit, Forex, Commodities and “Global StructuredCredit and Solutions”businessesremain part of the Global Markets business line and the Trade Finance and the developingof the flow offering are combinedunder “ Global TransactionBanking ”. Insurance 9.3 Natixis Assurances is a holding company for various operating insurance subsidiaries. In March 2014, in accordance with the plan to develop the bancassurancemodel, Natixis Assurances acquired PPI and casualty insurance subsidiary BPCE Assurances,which it now wholly owns. It offers a full range of individualand group life insurance,personalprotectioninsurance, and property & casualty insurance products for the Banque Populaire and Caisse d’Epargne networks. These diversified, customized solutions are designed for retail and small business customers,farmers,companiesand associations. Specialized Financial Services 9.4 This business line combines a number of service-oriented businesses primarily serving the Caisse d’Epargne and Banque Populairenetworks,as well as Natixiscustomers: Payments: This business line provides tools, infrastructure, a and services for payments: electronic banking, issuance and collection of mass electronic transfers, check processing, e-commerce, etc. Under the “New Dimension” plan, Paymentsis designedto becomea pure player on the payment segment in Europe and accelerate its digital transformation. Thus, the business line recently acquired several start-ups specializing in electronic payment and e-commerce, namely: Payplug,S Money,and Dalenys; Factoring : provides companies with credit management a solutions such as financing, insurance, and collection. Natixis Factor uses the Banque Populaire and Caisse d’Epargne networks, which account for a significant portion of its business; Sureties & Financial Guarantees: this business line is a operated by CompagnieEuropéennede Garanties et Cautions (CEGC). It notably includes: guarantees for mortgage loans granted to retail and business customers by the Caisse d’Epargne and Banque Populaire networks, along with legal guaranteesand financialguarantees; ConsumerFinance: this Natixis businessline includesa broad a range of activities across the entire value chain for revolving loans (marketing, origination, administrative management, out-of-court collection, etc.) and administrative management

services for personal loans. These activities are operated by Natixis Financement,which manages revolving loans granted by the Groupe BPCE networks and manages personal loans granted by the Caisse d’Epargneand by the Banque Populaire banks; Leasing: this businessline providesfinancingsolutionsfor real a estate and non-realestate assets under finance leases or other long-termleasingarrangements; Employee Savings Schemes this business line offers a a comprehensive range of B2B employee benefits planning products based on employee savings (administration of employee accounts, fund administration and accounting) and employmentservicesvouchers; SecuritiesServices: this business line offers back and middle a office services for retail securities custody (account administration, back office outsourcing, office services, depositarycontrol)for the BPCEnetworksand externalclients; Film Industry Financing: this business line is operated via a Coficiné, a subsidiary specializing in structured loans for film and audiovisualactivitiesin Franceand Europe. Corporate Center 9.5 The CorporateCenter operatesalongsidethe operatingdivisions. It combines Natixis’ non-strategic business lines: Coface, of which the main activities are credit insurance, factoring abroad, corporate information and rating and accounts receivable, proprietary private equity activity, Natixis’ stake in certain sponsored funds that is not meant to be kept within Natixis, as well as the Natixissubsidiaryin Algeria. The Corporate Center recognizes the central funding mechanisms and income from Natixis’ asset and liability management. To this end, it includes all Treasury activities, including the short-termTreasury business,which has been part of Natixis’ Finance Department since the start of 2017 (it was previouslypart of Corporate& InvestmentBanking). It also records income on the bank’s portfolio of equity investments not belonging to a division. As such, Coface’s non-coreactivities(service activitiesmainly) were groupedunder Corporate Data Solutions at the beginning of 2013. As of December 31, 2017, following the disposal of Ellisphère and IJCOF Corporate in 2017, Corporate Data Solutions no longer held any entities. In terms of costs, the Corporate Center recognizes the bank’s structural costs and the contribution to the Single Resolution Fund.

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Natixis Registration Document 2017