NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

RISK MANAGEMENT

NOTE 10

Capital adequacy 10.1 The information on capital adequacy required under IAS 1 is presented in Section [3.4] of Chapter [3], “Risk and Capital Adequacy”. Credit risk and counterparty risk 10.2 The informationon risk managementrequiredunder IFRS 7,with the exception of the disclosures given below, is presented in Section [3.5]of Chapter [3],“Risk and CapitalAdequacy.”

Gross exposure to credit risk 10.2.1 The following table sets out the exposure of all of Natixis’ financial assets to credit risk. This exposure does not take into account guarantees,sureties, credit default swaps, collateral on OTC forward financial instruments, the impact of netting agreements and other credit enhancements.It corresponds to the net value of the financial assets on the balance sheet, after taking all impairments into account (individually or collectively assessed).

Non-performing loans

Net outstandings 12.31.2017

Net outstandings 12.31.2016

Performing loans

Write-downs

(in millions of euros)

5

Financial assets at fair value through profit or loss (excluding variable-income securities)

131,619

0 0

0 0

131,619

142,499

Hedging derivatives

339

339

1,220

Available-for-sale financial assets (excluding variable-income securities) Loans and receivables due from banks

49,692 45,295 134,168

83 63

(57)

49,718 45,289 136,768

48,140 58,783 140,303

(69)*

Customer loans and receivables Held-to-maturity financial assets Financing commitments given

4,576

(1,975)*

1,888

0

(3) (3)

1,885

2,066

61,229 30,162

126 106

61,352 30,252

62,631 22,307

Financial guarantee commitments given

(16)

TOTAL GROSS EXPOSURE

454,391

4,954

(2,123)

457,220

477,949

*

Including collective provisions.

The reclassificationof consolidatedaccountingvolumesas grossexposureand exposureat defaultwith respectto prudentialcreditrisk is presented inSection [3.4]of Chapter [3], “Risk andCapital Adequacy”.

Impact of guarantees 10.2.2

12.31.2017

12.31.2016

Guarantees on non- performing loans

Guarantees on performing loans

Guarantees on non- performing loans

Guarantees on performing loans

Non- performing loans

Non- performing loans

Performing loans

Write- downs

Net outstandings

Performing loans

Write- downs

Net outstandings

(in millions of euros)

Loans and receivables due from banks (Excluding repurchase agreements) Customer loans and receivables (Excluding repurchase agreements)

36,533

63

(69)

36,527

-

279

46,335

71

(71)

46,335

1

306

79,901

4,576 (1,975)

82,502

1,282

37,364

84,065

4,533 (2,150)

86,448

1,510

39,690

Finance leases

10,921

561

(146)

11,336

309

8,221

10,230

144

(71)

10,303

73

6,929

Factoring*

7,850

489

(90)

8,249

467

7,762

237

(51)

7,949

Other loans and receivables*

61,130

3,526 (1,739)

62,916

973

28,676

66,073

4,152 (2,028)

68,196

1,437

32,761

Financing commitments given

61,379

127

(3)

61,503

36

8,331

62,467

286

(2)

62,751

138

9,455

Financial guarantee commitments given

30,140

106

(16)

30,230

12

2,894

21,402

219

(49)

21,572

18

2,062

TOTAL EXPSOURE AND IMPACT OF GUARANTEES

207,953

4,872 (2,064)

210,761

1,330

48,868

214,269

5,110 (2,272)

217,106

1,667

51,513

Data updated since the financial release of December 31, 2016. *

The amounts of the guaranteesshown are those used under Basel prudentialregulationsto reduce capital requirements.Guarantees for insurance companies accounted for by the equity method in the prudential accounting scope are therefore excluded, as are exposuresrelativeto these entities.

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Natixis Registration Document 2017