Groupe bpce results q4 13

Results for full-year 2013

February 19, 2014

Results for full-year 2013 February 19, 2014 2

This presentation may contain forward-looking statements and comments relating to the objectives and strategy of Groupe BPCE. By their very nature, these forward-looking statements inherently depend on assumptions, project considerations, objectives and expectations linked to future events, transactions, products and services as well as on suppositions regarding future performance and synergies.

No guarantee can be given that such objectives will be realized; they are subject to inherent risks and uncertainties and are based on assumptions relating to the Group, its subsidiaries and associates and the business development thereof; trends in the sector; future acquisitions and investments; macroeconomic conditions and conditions in the Group’s principal local markets; competition and regulation. Occurrence of such events is not certain, and outcomes may prove different from current expectations, significantly affecting expected results. Actual results may differ significantly from those anticipated or implied by the forward-looking statements. Groupe BPCE shall in no event have any obligation to publish modifications or updates of such objectives.

Information in this presentation relating to parties other than Groupe BPCE or taken from external sources has not been subject to independent verification; the Group makes no statement or commitment with respect to this third-party information and makes no warranty as to the accuracy, fairness or completeness of the information or opinions contained in this presentation. Neither Groupe BPCE nor its representatives shall be held liable for any errors or omissions or for any harm resulting from the use of this presentation, the content of this presentation, or any document or information referred to in this presentation.

The financial information presented in this document relating to the fiscal period ended December 31, 2013 has been drawn up in compliance with IFRS guidelines, as adopted in the European Union.

The consolidated financial statements of Groupe BPCE for the fiscal period ended December 31, 2013 approved by the Management Board at a meeting convened on February 13, 2014, were verified and reviewed by the Supervisory Board at a meeting convened on February 19, 2014.

This presentation includes financial data related to publicly-listed companies which, in accordance with Article L. 451-1-2 of the French Monetary and Financial Code (Code Monétaire et Financier), publish information on a quarterly basis about their total revenues per business line. Accordingly, the quarterly financial data regarding these companies is derived from an estimate carried out by Groupe BPCE. The publication of Groupe BPCE’s key financial figures based on these estimates should not be construed to engage the liability of the abovementioned companies.

The audit procedures relating to the consolidated financial statements for the year ended December 31, 2013 have been substantially

completed. The reports of the statutory auditors regarding the certification of these consolidated financial statements will be published

following the verification of the Management Report and the finalization of the procedures required for the registration of the reference document.

Notes on methodology

The operation whereby the Banque Populaire banks and Caisses d’Epargne bought back and subsequently cancelled the cooperative

investment certificates (CICs) held by Natixis was completed on August 6, 2013. The financial results are presented pro forma to account for

this CIC buy-back operation, which involves the reimbursement of related funding and mechanisms, on the following basis:

-Organization of the CIC buy-back operation as at January 1, 2012,

-Reimbursement of P3CI (loan covering the CICs) and completion of other related operations as at January 1, 2012,

-Replacement of liquidity by Natixis and the exceptional distribution to Natixis shareholders of a dividend of approximately €2 billion as at

January 1, 2012.

As of Q2-13, regulatory capital is allocated to Groupe BPCE business lines on the basis of 9% of their Basel 3 average risk-weighted assets.

The capital allocation specific to the Insurance businesses is replaced by the Basel 3 treatment for investments in insurance companies, as

transposed in CRR/CRD IV (the consolidated value of listed and unlisted companies being risk weighted at 290% and 370% respectively).

The segment information of Groupe BPCE has been restated accordingly for previous reporting periods.

Disclaimer


Robust Groupe BPCE performance in 2013 with continuing moderate risk profile and major gains in capital adequacy

Common Equity Tier-1 ratio under Basel 36: 10.4%, +150 bp in 2013

Overall capital adequacy ratio under Basel 36,7: 13.4%, +180 bp in 2013

Leverage ratio under Basel 3 in excess of 3.6%6

Group’s loan-to-deposit ratio8: -4 pts in 2013 to 124%

MLT funding helping to achieve a 100% LCR in early 2015

o €32.2bn9 raised in the 2013 MLT funding plan (153%) for the Group as a whole; €7.1bn raised as of Feb. 5, 2014 in the BPCE MLT funding pool (28% of the 2014 funding plan)

Continuous, regular strengthening of the balance sheet

Revenues from the core business lines: €21.6bn1, +4.6% vs. 2012

Commercial Banking and Insurance: revenues of €15.2bn, +3.9%2 vs. 2012, a remarkable achievement in a sluggish economic environment

o Growth in on-balance sheet deposits and savings +9.9%3 and loan outstandings +6.1%4

Core business lines of Natixis: revenues of €6.4bn, +5.0% vs. 2012 o Extremely strong dynamism of key franchises

Very strong commercial dynamism of the core business lines

Strong growth net income1,5 attributable to equity holders of the parent in 2013: €2.9bn, +26.2% vs. 2012

Cost/income ratio of the core business lines: 65.9%, -2.3 pts vs. 2012

Cost of risk kept to a moderate level in 2013: annual average of 35 bp (-2 bp vs. 2012)

Robust 2013 results

1 Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d’Epargne of the Cooperative Investment Certificates (CICs) held by Natixis 2 Excluding changes in provisions for

home purchase savings schemes 3 Banque Populaire and Caisse d’Epargne networks, excluding centralized savings products 4 Banque Populaire and Caisse d’Epargne networks 5 Excl. the revaluation of own debt 6 Estimate at

Dec. 31, 2013 – CRR/CRD IV, as applied by Groupe BPCE; without transitional measures and after restatement to account for deferred tax assets 7 Pro forma to account for the $1.5bn issue at the beginning of January 2014 8 Excluding SCF (Compagnie de Financement Foncier, the Group’s société de crédit foncier – a French legal covered bonds issuer) 9 Including €5.4bn raised in excess of the 2012 plan and allocated to the 2013 plan


Contents

1. Results of Groupe BPCE

2. Capital adequacy and liquidity

3. Results of the business lines

4. Core business lines: gaining momentum with

the new strategic plan

5. Conclusion


1. Groupe BPCE full-year 2013 results Net income attributable to equity holders of the parent1: +26.2%, to €2.9bn

Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d’Epargne of the Cooperative Investment Certificates (CICs) held by Natixis 1 Excluding the revaluation of own debt for Group results 2 Commercial Banking & Insurance, Wholesale Banking, Investment Solutions and Specialized Financial Services

Focus on the core business lines

Strong revenue growth: +4.6%

Operating expenses under tight control: +1.1%

Gross operating income1 up 12.2%; 2.3-point reduction in the cost/income ratio

Pro forma results 2013 /

In millions of euros 2012

% change

Net banking income1 23,080 3.3%

Operating expenses -16,135 1.3%

Gross operating income 1 6,944 8.2%

Cost / income ratio 69.9% -1.4 pt

Cost of risk -2,042 -7.2%

Income before tax1 5,143 23.9%

Net income attributable to equity holders of the parent excluding

the revaluation of own debt2,914 26.2%

Impact of the revaluation of own debt on net income -123

Net income attributable to equity holders of the parent 2,791 32.1%

ROE 5.7% 1.2 pt

2013

2013 /

2012

% change

-14,254 1.1%

7,375 12.2%

65.9% -2.3 pts

-1,953 9.3%

5,666 13.3%

3,313 12.9%

9% 1 pt

4.6%

- -

Core

business

lines2

2013

21,629


1. Groupe BPCE Q4-13 results Fine performance achieved by the core business lines: net income attributable to equity holders of the parent +10.9%

Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d’Epargne of the Cooperative Investment Certificates (CICs) held by Natixis 1 Excluding the revaluation of own debt for Group results 2 Commercial Banking & Insurance, Wholesale Banking, Investment Solutions and Specialized Financial Services

Focus on the core business lines

Strong revenue growth: +4.8%

Decline in operating expenses: -1.1%

Positive scissors effect on gross operating income, up by 18.4%; 3.9-point reduction in the cost/income ratio

Q4-13 /

Q4-12

% change

-3,649 -1.1%

1,892 18.4%

65.8% -3.9 pts

-546 16.2%

1,419 19.3%

775 10.9%

9% 1 pt

- -

Core

business

lines2

Q4-13

5,541 4.8%

Pro forma results Q4-13 /

In millions of euros Q4-12

% change

Net banking income1 5,968 5.4%

Operating expenses -4,256 2.4%

Gross operating income 1 1,712 13.7%

Cost / income ratio 71.3% -2.1 pts

Cost of risk -565 -12.3%

Income before tax1 1,187 85.5%

Net income attributable to equity holders of the parent excluding

the revaluation of own debt596 x 2.4

Impact of the revaluation of own debt on net income -66

Net income attributable to equity holders of the parent 530 x 3.1

ROE 4.2% 3.2 pts

Q4-13


Contributions to revenue synergies (as a % of additional net banking income generated)

Contributions to cost synergies (as a % of the synergies generated)

Revenue synergies

1. Results of Groupe BPCE Revenue and cost synergies ahead of the targets set in the 2010-2013 strategic plan

52%

23%

15%

10%

Consumer finance

Insurance

Payments

Other

41%

32%

27%

Processes (incl. Purchasing)

Information Systems

Organization

Cost synergies

> Specialized Financial Services: very fine performance achieved by Consumer Finance in the Banque Populaire banks and by the Factoring business in the Caisses d’Epargne

> Investment Solutions: strong growth in the contribution made by insurance activities since end-2012 and growth in the contribution made by Private Banking

€891m realized at end-December 2013

End-2009

Cumulative target of €810m

> Rationalization of purchasing with, notably, the signature of group-wide contracts with IT service providers

> Pooling of IT infrastructure

> Optimization of organizational processes

> Implementation of local synergies between the Banque Populaire banks and Caisses d’Epargne

€1,035m realized at end-December 2013

End-2009

Cumulative target of €1bn


23

43 53

26 33 35

31 37 35

1 Cost of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period 2 Excluding Greek government bonds impairment

27 31 32

Commercial Banking and Insurance

Wholesale Banking, Investment Solutions, SFS

Core business lines

Groupe BPCE2

56 56 49

55 53

Cost of risk in pb1

34 33 37 31

39

44 33 36 31

38

2011 2012 2013

Commercial Banking and Insurance

> Average annual cost of risk remains stable: 32 bp (+1 bp vs. 2012)

> Sharp increase for Real estate Financing in Q4-2013: provisions booked for specific cases and a collective provision set aside for a portfolio of international assets managed on a run-off basis

Wholesale Banking, Investment Solutions, SFS

> Average annual cost of risk: 53 bp

> Cost of risk stabilized in the core business lines of Natixis

Core business lines

> Average annual cost of risk: 35 bp (+2 bp vs. 2012) remaining at a moderate level

Groupe BPCE

> Average annual cost of risk: 35 bp (-2 bp vs. 2012)

> Non-performing loans to total loans ratio remains moderate (3.9% at Dec. 31, 2013, -0.1 pt. vs. Sept. 30, 2013)

> Impaired outstandings coverage ratio at a high level: 78.2% at Dec. 31, 2013 (+2.3 pts vs. Sept. 30, 2013) Q4-12 Q1-13 Q2-13 Q3-13 Q4-13

31 29 36

27 37

1. Results of Groupe BPCE Moderate risk profile: average annual cost of risk stands at 35 bp (-2 bp vs. 2012)


1. Results of Groupe BPCE GAPC: €5.4bn in assets divested in 2013 with no impact on net income

Faster pace of asset disposals in 2013:

€0.7bn in Q4-13, representing €5.4bn in

2013 vs. €3.6bn in 2012

During the year, disposals made at a

discount of less than 1%; no significant

impact of GAPC on net income attributable

to equity holders of the parent

Risk-weighted assets under Basel 3 stand

at €9.1bn1 at December 31, 2013

Complete winding-up of GAPC by mid-2014

confirmed

GAPC: contribution to the Group’s attributable net income (in €m)

1 Estimate under Basel 3 – CRR/CRD IV, as applied by Groupe BPCE

-31

-16

17

-33

1

-7 -9

34

-63

19

Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 2012 2013


Contents






5. Conclusion


8.9%

10.4%

+ 50 bp

+ 40 bp

+ 60 bp

Common Equity Tier-1 ratio

under Basel 3

at Dec. 12, 2012

Retained earnings Issue of cooperative shares Change in activity

and others

Common Equity

Tier-1 ratio under Basel 3

at Dec. 31, 2013

1 Estimate at Dec. 31, 2013 – CRR/CRD IV, as applied by Groupe BPCE ; without transitional measures and after restatement to account for deferred tax assets 2 Ratio pro forma to account for the CIC buy-back operation 3 Pro forma to account for the $1.5bn issue at the beginning of January 2014 4 Depending on bail-in regulations 5 Without transitional measures and after restatement to account for deferred tax assets, calculated using the CRR/CRD IV method

Common Equity Tier-1 ratio under Basel 31: +150 bp in 2013

> Common Equity Tier-1 capital1: €42.5bn

> Risk-weighted assets under Basel 31: €409.5bn

Target of obtaining a Common Equity Tier-1 ratio under Basel 3 > 10% in 2014 has already been achieved

Overall capital adequacy ratio1: 13.4%3 vs. 11.6% at December 31, 2012, +180 bp in 2013

> Target: > 15% in 2017 at the latest4

Leverage ratio under Basel 35 > 3.6% at December 31, 2013

2. Capital adequacy and liquidity Sharp increase in capital adequacy in 2013: Common Equity Tier-1 ratio under Basel 31 at 10.4% as of end-December 2013

2


103 106

117 111

97

136 140

160 156 160

46 43 57

40 51

Dec. 31, 12 Mar. 31, 13 June 30, 13 Sept. 30, 13 Dec. 31, 13

Short-term refunding

outstandings (in €bn)

Available assets eligible

for central bank refinancing (in €bn)

Liquid assets placed with

central banks (in €bn)

109

1 Excluding SCF (Compagnie de Financement Foncier, the Group’s société de crédit foncier – a French legal covered bonds issuer) 2 Change in method related to modifications in the definition of customer classifications 3 Excluding centralized savings products

2. Capital adequacy and liquidity Enhanced customer loan-to-deposit ratio

147% 138%

132%

128%

124%

Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013

Group customer loan-to-deposit ratio1

Change in method2

132% 132% 137% 141%

164% Liquidity reserve/short-

term refunding(as a %)

103 97

90

Liquidity reserves and short-term funding

116

Group customer loan-to-deposit ratio1: 124% at Dec. 31, 2013, -4 pts vs. Dec. 31, 2012

> Strong growth in on-balance sheet deposits and savings in the retail networks: +€28bn3 in 2013

> Faster pace of non-customer asset disposals in 2013: disposal of assets for more than €10bn (GAPC: €5.4bn and CFF: €4.9bn)

Liquidity reserves: €160bn at Dec. 31, 2013

> €109bn in available assets eligible for central bank refinancing + €51bn in liquid assets placed with central banks

> Reserves equivalent to 164% of short-term funding


MLT funding plan completed at Dec. 31, 2013

1 Including €5.4bn raised in excess of the 2012 plan and allocated to the 2013 plan (€4.0bn from the BPCE funding pool and €1.5bn from the CFF funding pool) 2 Unsecured bond issues actually raised during the year in the institutional market

26%

73%

1%

Covered bond issues in theinstitutional market

Unsecured bond issues in theinstitutional market

Senior unsecured bond issues placedvia the retail banking networks inFrance (chiefly BP and CE)

30%

70%

Covered bond issues in the

institutional market

Unsecured bond issues in the

institutional market

Wholesale funding structure: 2014 targets

2. Capital adequacy and liquidity 2014 issuance program placing greater emphasis on diversification, helping to reach the target of 100% LCR in early 2015

Favorable market conditions in 2013: €32.2bn1 raised in MLT funding (153% of the program)

> €28.0bn in BPCE’s MLT funding pool

> €4.2bn in the CFF MLT funding pool

> Average maturity at issue: 5.3 years

> Average rate: mid-swap +48 bp

Significantly enhanced diversification of the investor base in 20132

> 30% of issues denominated in currencies other than the EUR vs. 11% in 2012: notably, in USD (60%) and JPY (27%)

> 50% in private placements vs. 44% in 2012

2014 MLT funding plan for €30bn

> €25bn in BPCE’s MLT funding pool

> €5bn in the CFF MLT funding pool

€7.1bn raised in the BPCE pool as at February 5, 2014, equal to 28% of the full-year 2014 plan

> Average maturity at issue: 5.7 years

> Average rate: mid-swap +57 bp


Contents






5. Conclusion


3. Results of the business lines Commercial Banking and Insurance

Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d'Epargne of the Cooperative Investment Certificates (CICs) held by Natixis

Pro forma results 2013 / Q4-13 /

2012 Q4-12

% change % change

Net banking income 15,231 4.5% 3,925 5.7%

Excluding changes in provisions for home

purchase savings schemes15,219 3.9% 3,925 4.6%

Banques Populaire banks 6,346 6.1% 1,624 8.6%



Caisses d'Epargne 6,940 3.9% 1,778 3.1%



Real estate Financing 735 -1.0% 197 1.9%

Insurance, International and Other networks 1,211 2.8% 325 8.5%

Operating expenses -10,103 0.4% -2,578 -1.8%

Gross operating income 5,129 13.6% 1,347 23.9%

Cost / income ratio 66.3% -2.7 pts 65.7% -5.0 pts

Cost of risk -1,574 8.8% -453 24.4%

Income before tax 3,781 15.5% 959 23.0%

Net income attributable to equity holders

of the parent2,398 13.9% 548 7.5%

ROE 9% 1 pt 8% -

2013 Q4-13In millions of euros


Unless specified to the contrary, all changes are vs. 2012

Gross operating income (as a %)

226 287

315

June 09 Dec. 12 Dec. 13

On-balance sheet deposits & savings

+40%

42% (40%)

46% (48%)

4% (3%)

8% (9%)

Banque Populaire banks

Caisses d’Epargne

Real estate Financing

Insurance, International andOther networks

2013 (2012)

On-balance sheet deposits and savings1 & loan outstandings (in €bn)

3. Results of the business lines Commercial Banking and Insurance

1 BP and CE networks excluding centralized savings products 2 Excluding changes in provisions for home purchase savings schemes 3 Cost of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period

Strong commercial dynamics in the BP and

CE retail networks

> Continued strong growth in on-balance sheet deposits and savings1 (+9.9% vs. 2012)

> Dynamic growth in loan outstandings (+6.1% vs. 2012), driving the expansion of the customer base

Net banking income: +3.9%2 > Net interest margin buoyed up by volumes and the

decline in interest rates paid on regulated savings products

> Growth in commissions driven by customer base growth and increased delivery of banking services

Gross operating income: +13.6% > Stability in operating expenses: +0.4% > 2.7 pts improvement in the cost/income ratio

Annual average cost of risk: 32 bp3 (+1 bp vs. 2012)

Contribution of the Commercial Banking and Insurance division to the Group’s attributable net income: €2.4bn in 2013 vs. €2.1bn in 2012

Cost of risk3 (in bp)

44 38

48

38 39

34 33 38

32 32 23

28 29 27 25

Q4-12 Q1-13 Q2-13 Q3-13 Q4-13

Banque Populaire banks Cost of risk of both retail networks Caisses d'Epargne

268

345 367

June 09 Dec. 12 Dec. 13

Loan outstandings

+37%


155 160 166

Dec. 2011 Dec. 2012 Dec. 2013

Loan outstandings

118 125 134

69 66 66

187 191 200

Dec. 2011 Dec. 2012 Dec. 2013

Financial savings


Deposits and savings1 & loan outstandings (in €bn)

3. Results of the Banque Populaire banks

Contribution to Group results (pro forma)

1 Excluding centralized savings products 2 Excluding changes in provisions for home purchase savings schemes 3 Cost of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period

Customer base: record-breaking new clients > +96,000 individual customers and +10,000 professional

customers in 2013

> Continued intensification of customer relations: +4.9% active individual customers using banking services and insurance products

On-balance sheet deposits & savings1: +6.9% > Strong growth in demand deposits (+6.5%) and term

deposit accounts (+8.9%)

Financial savings: stability in deposits > Growth in life funds (+3.2%) after a surge in new

inflows in 2013

Loan outstandings: +3.5% > Home loans: increase in outstandings (+7.0%); buoyant

growth in new loan production, driven by the intensification of new customer relations

> Equipment loans: revival in new loan production despite the sluggish environment (+4.0%)

Net banking income: +5.8%2 > Net interest margin: +4.4%2

> Commissions: +2.6%

Gross operating income: +19.4% > Cost/income ratio: -3.7 pts

Cost of risk3: 39 bp in Q4-13 > -5 bp vs. Q4-12


in millions of euros 2013 2013/ 2012

Q4-13 Q4-13/ Q4-12

Net banking income, excl. home purchase savings schemes

6,344 +5.8% 1,624 +7.2%

Operating expenses -4,205 +0.5% -1,051 -0.1%

Gross operating income Cost/income ratio

2,142 66.3%

+19.4% -3.7 pts

574 64.7%

+29.4% -5.7 pts

Cost of risk -685 -8.3% -166 -8.4%

Attributable net income 944 +35.4% 256 +48.8%


Deposits and savings1 & loan outstandings (in €bn)

149 162 181

119 118 119

268 280

300

Dec. 2011 Dec. 2012 Dec. 2013

Financial savings


3. Results of the Caisses d’Epargne


Customer base: strong growth among priority targets

> Individual customers using banking services: +3.7%

> Active professional customers (+4.8%) and active corporate customers (+7.7%)

On-balance sheet deposits & savings1:+12.2% > Positive inflows driven by demand deposits (+15.0%),

home purchase savings schemes (+7.5%) and term deposit accounts (+22.2%)

Financial savings: stable deposits

> Life funds (+1.8%)

Loan outstandings: +8.4% > Real estate loans: new loan production remained buoyant

overall but downturn in the 2nd half of the year; real estate loan outstandings +9.8%

> Equipment loans: outstandings (+6.5%), new production +5.2% in the professional and corporate segments

Net banking income: +3.0%2 > Net interest margin: +3.5%2

> Commissions: +5.5%

Gross operating income: +10.0% > Cost/income ratio: -1.9 pt

Cost of risk3: 25 bp in Q4-13 > +2bp vs. Q4-12, remaining at a low level


Q4-13 Q4-13/ Q4-12

Net banking income, excl. home purchase savings schemes

6,930 +3.0% 1,778 +2.0%

Operating expenses -4,562 +1.0% -1,164 -2.6%


2,378 65.7%

+10.0% -1.9 pt

614 65.5%

+15.9% -3.8 pts

Cost of risk -529 +19.8% -126 +22.2%

Attributable net income 1,146 +4.5% 289 +1.6%

171 185 201

Dec. 2011 Dec. 2012 Dec. 2013

Loan outstandings


1 Excluding centralized savings products 2 Excluding changes in provisions for home purchase savings schemes 3 Cost of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period


3. Results of the business lines Real estate Financing1

Activity: outstanding commercial performance in 2013

> Individual customers: new loan production +17.8% to €7.6bn; extremely strong commercial dynamics despite the depressed market environment

> Real estate investors and public facilities: all markets stood up well; new loan production +9.0% to €4.1bn

SCF: at the service of Group customers

> SCF’s €5bn 2014 program designed to fund the long-term loans granted by the retail networks and Natixis rolled out in 2013

• Volume of approximately €200m in loans transferred by Group entities to SCF

Stability in net banking income

Significant reduction in operating expenses achieved by the cost-cutting plan

Sharp rise in the cost of risk in Q4-13

> Substantial provisions booked for a number of specific cases and collective provision for the portfolio of international assets managed on a run-off basis

1 Principal entity contributing to the business line: Crédit Foncier 2 Outstandings under management


Loan outstandings2 (in €bn)



Q4-13 Q4-13/ Q4-12

Net banking income 734 -1.0% 197 +1.9%

Operating expenses - 546 -6.8% - 147 -12.9%


188 74.4%

+20.8% -4.6 pts

50 74.7%

ns -12.7 pts

Cost of risk - 250 +89.3% - 153 X 3

Attributable net income -27 ns -64 ns

60.0 59.3 58.4

56.6 52.7 47.7

116.6 112.0 106.1

Dec. 2011 Dec. 2012 Dec. 2013

Individual customers Real-estate investors and public facilities


Disposal of international assets and net impact on net banking income1 (in €bn)

0.6 1.8

1.0 0.7

1.8 3.9 1.3

3.6

4.9

International Public Sector and sovereigns Securitization

-0.04 -0.04 -0.15

3. Results of the business lines Accelerated transformation of Crédit Foncier

Discontinuation and winding-up of Crédit Foncier’s international activities: accelerated asset disposal policy in 2013

> Assets of €9.8bn divested since the strategic plan began in Q4-11, with a discount limited to 2.3%1

> Reduction in the portfolio of international assets: more than 35% since September 30, 2011

Securitization (chiefly RMBS2)

> Since the plan was first launched, disposal of assets for €6.4bn, pursued at a faster pace in 2013; outstanding assets down 40% since Sept. 30, 2011

> All third-party securitizations on the Compagnie de Financement Foncier balance sheet removed3 by end-December 2013; as a result, the covered bonds (obligations foncières) issued by SCF are eligible for ECB funding operations

International Public Sector and Sovereigns

> Assets worth €3.4bn divested since the start of the plan; overall 29% reduction in these assets since September 30, 2011

Residual portfolio of international assets

> Given the structure of the residual portfolio, workout management chiefly based on amortization

Portfolio of international assets (in €bn)

Net impact1 on net banking income (in €bn)

Asset disposals (in €bn)

2011 2012 2013

1 Net of liability buybacks, net impact of disposals listed under “Other businesses” 2 Residential Mortgage Backed Securities (securitized home loans) 3 Transferred to Crédit Foncier

16.9 12.0

20.6

12.3

37.5

24.3

Sept. 30, 2011 Dec. 31, 2013

International Public Sector and sovereigns Securitization


3. Results of the business lines Insurance, International and Other networks




Q4-13 Q4-13/ Q4-12

Attributable net income 334 +14.9% 69 +11.4%

Of which Insurance 194 +4.1% 44 -16.8%

Of which International 65 x 1.4 6 -35.2%

Of which Other networks 75 -2.6% 19 ns

in billions of euros 2013 2012 2013/ 2012

International

Deposits & savings1 8.0 7.8 +2.4%

Loan outstandings1 8.9 8.9 =

Other networks

Deposits & savings2 16.1 14.9 +8.0%

Loan outstandings2 7.1 7.0 +2.7%

Business activity indicators

Insurance > Life insurance: revenues driven by Private Banking

> Non-Life and Provident insurance: strong sales momentum

International1

> Deposits & savings: dynamic performance in the individual customers (+4.2%) and corporate customers segments (+4.5%)

> Loans to individual customers: real estate loans (+3.7%) and consumer finance (+4.6%)

> Loans to corporate customers: MLT lending (-2.6%)

Other networks2

> Deposits & savings: sustained growth in on-balance sheet deposits & savings (+11.5%), strong increase in demand deposits (+37.4%), and net withdrawals from term savings accounts (impact of interest rates, fiscal measures)

> Loans to individual customers: decline in outstandings (-2.4%) following the decline in real estate loans (-2.3%)

> Loans to corporate customers: business activity kept at a good level regarding medium-/long-term and short-term loans (outstandings up +2.9% and +5.4% respectively)

1 Principal entity contributing to the business line: BPCE International et Outre-Mer 2 Principal entity contributing to the business line: Banque Palatine

1 Figures for 2011 and 2012 restated following the sale of BCP Luxembourg in June 2013 2 Average amounts


3. Results of the business lines Core business lines of Natixis: Wholesale Banking, Investment Solutions, Specialized Financial Services (SFS)

Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d'Epargne of the Cooperative Investment Certificates (CICs) held by Natixis

Contribution figures ≠ figures published by Natixis


2012 Q4-12

% change % change

Net banking income 6,398 5.0% 1,616 2.7%

Wholesale Banking 2,867 1.1% 652 -4.7%

Investment Solutions 2,259 9.4% 640 9.9%

Specialized Financial Services 1,272 6.7% 324 5.7%

Operating expenses -4,152 2.8% -1,071 0.8%

Gross operating income 2,246 9.3% 545 6.7%

Cost / income ratio 64.9% -1.4 pt 66.3% -1.3 pt

Cost of risk -380 11.3% -93 -11.8%

Income before tax 1,885 8.9% 459 12.3%


of the parent915 10.4% 226 20.2%

ROE 10% 1 pt 11% 3 pts



96 103 113 111 90

212

299 219

273

214

72

308

475

332

384

304

Q4-12 Q1-13 Q2-13 Q3-13 Q4-13

Impact of non-recurring itemsForex, Interest rate, Commodities & Treasury (FIC-T)Equity

Capital markets

3. Results of the business lines Wholesale Banking: very strong dynamic for the financing activities, good resilience of capital market businesses in 2013

Commercial Banking > Dynamic commercial activity with €3.5bn in new

loan production in Q4-13, totaling €11.4bn in 2013 > Net revenues: +3% in Q4-13 despite a 12%

decrease in average outstandings

Structured finance > Record new loan production with €5.5bn in Q4-13,

totaling €17.5bn in 2013 > Net revenues: +4% in 2013 and +2% in Q4-13

vs. Q4-12 (at constant exchange rates) fuelled by the Global Energy & Commodities, Acquisition Finance and US Real Estate Finance businesses

> Arrangement fees: 30% of net banking income in 2013 (vs. 25% in 2012)

FIC-T > Net revenues stable in Q4-13 vs. Q4-12 but

displaying growth if the CVA/DVA negative effect is excluded; net revenues held up in 2013 in less buoyant market conditions; sustained activity of the debt platform and dynamic development in Asia and the USA

> #1 in France in the primary euro-denominated bond market with corporates in 20131

Equity > Stable net revenues in 2013, buoyed up by the

dynamism of the derivatives business and the international platforms

Change in net revenues (in €m) Financing activities

Change in net revenues (in €m)

262 246 263 280 259

99 96 96 94 102

361 342

359 374

361

Q4-12 Q1-13 Q2-13 Q3-13 Q4-13

Structured finance Commercial Banking

1022 1047

373 388

2012 2013

416 418

1092 1077

2012 2013

1,508


1 Dealogic – in number of transactions

1,395 1,435

1,495


Record-breaking net inflows of €20bn in

2013 (excluding money market funds) > Harris Associates: good performance in Equity Value

expertise with $18bn net inflows; the Oakmark International fund is ranked #2 in the US in terms of net inflows (all categories combined)

> Loomis, Sayles & Co: alternative expertise in Fixed Income and the development of Equity Growth expertise made it possible to maintain buoyant new inflows of $10bn

> More generally, the alternative expertise (Alpha Simplex, Gateway, H20, OSSIAM, etc.) developed more recently in Europe and the USA generated new inflows in excess of €3.4bn in 2013

Net revenues: +4% in Q4-13 vs. Q4-12 (like-for-like basis)

Net inflows: +€0.35bn in 2013, driven by own clients and

BPCE networks

Assets under management: €22.4bn at Dec. 31, 2013,

+8% over the year

304 320

5

United States Europe Asia

Asset management

3. Results of the business lines Investment Solutions: Q4-13 and full-year growth in all business lines

Asset management: AuM (in €bn)

Asset management: AuM by area (end of period - in €bn, 1 year growth in %) Insurance

Private Banking

Revenues: +39% vs. 2012 and +7% in Q4-13

vs. Q4-12 driven by all segments

Personal protection & ADE: turnover: €0.6bn, +14%

Life insurance > Net inflows of +€0.4bn (vs. -€1.2bn in 2012) > Assets of €39bn, +4% over the year


+19% at constant exchange rates +0.4%

+21%

591 591,2 592,2 592,2

629

+13.4

-12.4

+37.2

AuM at Dec. 31,

2012

Net

inflows

Fx

effects

Market

effect

AuM at Dec. 31,

2013


52.5

89.0

Q4-12 Q4-13

Employee benefit schemes

3. Results of the business lines SFS: strong revenue growth in the employee benefit schemes and sureties & financial guarantees businesses in Q4-13

Employee benefit schemes: AuM (in €bn)

19.4

21.8

Q4-12 Q4-13


Net revenues: +7% in Q4-13 vs. Q4-12 Employee benefit schemes: 13% growth in

assets under management to almost €22bn at end-2013

Service vouchers: the Chèque de Table® lunch voucher business continues to gain market share (14.5%) with 12% growth in the total equivalent value issued

Net revenues: significant 13% rise in Q4-13

vs. Q4-12

Strong increase in premiums written (+70%) in Q4-13 vs. Q4-12 with a doubling of premiums written in the individual customers segment

+13%

Sureties & financial guarantees (CEGC) CEGC: premiums written (in €m)

+70%

Change in Chèque de Table® market share, as a %

10.0% 11.1%

12.0% 13.4%

14.5%

Dec. 08 Dec. 10 Dec. 11 Dec. 12 Dec. 13


3. Equity interests1

Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d'Epargne of the Cooperative Investment Certificates (CICs) held by Natixis 1 The “Equity interests” division includes investments in Coface, Nexity and Volksbank Romania in addition to the Private Equity activities of Natixis


2012 Q4-12

% change % change

Net banking income 1,653 -3.4% 450 1.0%

Operating expenses -1,395 -0.1% -377 6.0%

Gross operating income 258 -18.1% 73 -19.0%

Cost of risk 2 ns 3 ns

Income before tax 232 -18.4% 42 -30.8%


of the parent45 -31.8% -10 -11.5%



3. Equity interests

Insurance turnover (in €m) Coface

Breakdown of revenues in 2013 Nexity


Insurance turnover virtually stable in 2013 vs. 2012 despite the difficult economic environment in Europe

Extremely dynamic commercial activity in Q4-13

Efficient risk management: > Substantial decline in the loss ratio in Q4-13, to

48.8% vs. 54.3% in Q3-13 and 51.8% in Q4-12 > Stabilization of the loss ratio at 53.8% in 2013,

despite the adverse macroeconomic environment

333 353 340 331 347

Q4-12 Q1-13 Q2-13 Q3-13 Q4-13

Volume of reservations for new housing units in France very close to 2012 levels (-1%) but increase in value (+6%)

Backlog: €3.4bn at December 31, 2013 (+8.3%

vs. December 31, 2012), equivalent to 18 months of development activity for Nexity

Revenues: €2.7bn in 2013, -3.3%

67%

17%

16%

Residential real estate

Commercial real estate

Services & distribution

+4%


Contents






5. Conclusion


Monthly visits to the websites (in millions of visits)

> More than 762,000 Banque Populaire and Caisse d’Epargne Facebook fans

> More than 20,000 Banque Populaire and Caisse d’Epargne Twitter followers

Innovation at the service of our customers

> The Caisse d’Epargne digital safety deposit box, a service facilitating the automatic storage of documents adopted by 250,000 customers just 3 months after its launch

> V.me by Visa, the electronic wallet to simplify online payments

> Innov&plus, a solution designed to help companies finance their innovative projects. Banque Populaire is the 1st bank in France to have signed an agreement with the European Investment Fund

The development of digital banking

> Continued pursuit of the “Digital Enterprise” program

• Launch and roll-out of the electronic signature in local branches, making life easier for customers

> The electronic signature has already been rolled out in more than 3500 branches run by both retail networks

Stronger brands

> The Banque Populaire and Caisse d’Epargne names rank among the 15 most popular brands in France, all business sectors taken together

4. Let's create leading banks for one-to-one and online relations

Mobile applications downloaded (in millions)

Social networks

0.8 1.2

Dec. 12 Dec. 13

Number of Banque Populaireapplications downloaded

1.8 2.9

Dec. 12 Dec. 13

Number of Caisse d'Epargneapplications downloaded

22 27

Dec. 12 Dec. 13

Banque Populaire websites

56 57

Dec. 12 Dec. 13

Caisse d'Epargne websites


4. Fully-fledged bancassurance specialist: creation of a single industrial platform for insurance activities

9.1 10.5

2012 2013

Gross inflows (in €bn)

Life insurance – Business activity indicators2

1 Source: FFSA 2 Entities included: CNP Assurances, Natixis Assurances, Prépar Vie 3 Entities included: BPCE Assurances, CNP Assurances, Natixis Assurances, Prépar


Non-Life insurance – Business activity indicators3

150.0 153.5

Dec. 2012 Dec. 2013

Outstandings (in €bn)

“Growing differently”: becoming a fully-fledged bancassurer and, ultimately, providing insurance to 1/3 of our customers

2012 2013

1.2 1.3

Revenues (in €bn)

Life insurance

> Gross inflows of €10.5bn: +15% for BPCE vs. +6% for the wider market1

> Life insurance outstandings: +2.3%

> Launch of the Assurément#2016 initiative: creation of an offering and efficient industrial structure to market new savings and provident insurance contracts, underwritten by Natixis Assurances and distributed via the CE networks, starting in 2016

Non-life and Provident insurance

> Strong commercial momentum with revenue growth of +9.5%

• Including +10.0% in non-life vs. +2.0% for the wider market1

> Portfolio of contracts: +10%

> BPCE Assurances: project of acquisition by Natixis of BPCE’s interest in the subsidiary (60% of the capital) approved on February 19, 2014

3.6 4.0

2012 2013

Portfolio of contracts(in millions of units)


4.5 3.5 4.1

5.5

Q1-13 Q2-13 Q3-13 Q4-13

Asset management: 2013, a record-breaking year

> Record net inflows of +€20bn (excl. money market funds), including $12.8bn from US long-term funds

> The distribution platform (US and International) reached $275bn in distributed assets as of end-2013; gross sales exceeded $80bn in 2013

> Strong diversification in the expertise distributed (Equity, Alternatives, Fixed Income)

4. Core business lines of Natixis: building strong momentum

Wholesale Banking: foundations laid for the implementation of New Frontier

> Implementation of the O2D model in January 2013 • Dedicated organization, notably with the creation of

Portfolio Management

• Partnerships with institutional investors

SFS: continued dynamism with the retail networks

> Consumer financing: a comprehensive range of solutions in the areas of revolving credit and personal loans for clients of the Groupe BPCE networks

> Factoring: strong commercial momentum with the Groupe BPCE networks, particularly with the Caisses d’Epargne

Factored turnover (France – in €bn)

Structured finance: new loan production (in €bn)

1 Natixis includes the assets managed by its investment funds: Loomis Sayles Funds, Hansberger International Series, Aurora Horizons Fund and Oakmark Funds. NGAM Distribution L.P. is the distributor responsible for Natixis funds, Loomis Sayles Funds, Hansberger Funds and Aurora Horizons Fund, and has entered into a commercial agreement for Oakmark Funds. Source: Strategic Insight/Simfunds – exclusively for the open-end funds, excluding ETFs, money-market products and affiliated funds of funds

Top asset gatherers (US long-term funds)

YTD Dec - in $m YTD Dec - in $m

1. Vanguard 74,608 6. Goldman Sachs 14,220

2. DFA 23,198 7. MainStay Funds 14,181

3. JPMorgan 21,094 8. Natixis1

12,833

4. MFS 16,957 9. BlackRock 10,782

5. Oppenheimer 15,911 10. John Hancock 9,945

28.5

29.8

2012 2013

+ 5 %


Contents






5. Conclusion


Conclusion

Groupe BPCE is confirming its role as a major player in financing the French economy: 6.1% growth in loan outstandings in 2013

Significant increase in net income: €2.9bn1 in 2013, +26.2% vs. 2012

Improvement in the cost/income ratio

Cost of risk kept at a moderate level

Substantial improvement in capital adequacy: Common Equity Tier-1 ratio of 10.4%2 at December 31, 2013, +150 bp in 2013

Accelerated balance sheet restructuring (GAPC and CFF), currently in its final stages, allowing the Group to leverage its strengths more effectively in favor of its customers

Strong foundation for the new 2014-2017 strategic plan “Growing differently”

5.

1 Results pro forma of the buyback and subsequent cancellation by the Banque Populaire banks and the Caisses d'Epargne of the Cooperative Investment Certificates (CICs) held by Natixis and excluding revaluation of own debt 2 Estimate at Dec. 31, 2013 – CRR/CRD IV, as applied by Groupe BPCE ; without transitional measures and after restatement to account for deferred tax assets

Annexes

Results for full-year 2013


Annexes

Groupe BPCE > Organizational structure of Groupe BPCE

> Income statement: reconciliation of pro-forma

consolidated data to published consolidated

data

> Income statement

> Income statement per business line

> Consolidated balance sheet

> Goodwill

Financial structure > Statement of changes in shareholders' equity

> Reconciliation of shareholders' equity to

Tier-1 capital under Basel 2.5

> Prudential ratios under Basel 2.5 and credit

ratings

> Risk-weighted assets under Basel 2.5

Commercial Banking and Insurance > Income statement

> Banque Populaire network –

Change in savings and loan outstandings

> Caisse d'Epargne network –

Change in savings and loan outstandings

> Real estate Financing, Insurance, International

and Other networks

Wholesale Banking, Investment Solutions

and SFS > Income statement

Equity interests > Income statement

Workout portfolio management

and "Other businesses" > Income statement

Risks > Non-performing loans and impairment

• Groupe BPCE

• Networks

> Breakdown of commitments

> Detailed exposure

> Exposure to the sovereign debts of peripheral

European countries

> Exposure to European sovereign risks

> Exposure to countries subject to a rescue

plan

Sensitive exposures (recommendations of

the Financial Stability Forum – FSF)

Groupe BPCE, a socially responsible

company


Annex - Groupe BPCE Organizational structure of Groupe BPCE


Annex - Groupe BPCE Income statement: reconciliation of pro-forma consolidated data to published consolidated data

2013

2012

in millions of euros

Net banking income 22,826 0 22,826 15,378 -146 15,231 6,398 0 6,398 1,653 0 1,653 189 0 189 -791 146 -644

Operating expenses -16,135 0 -16,135 -10,103 0 -10,103 -4,152 0 -4,152 -1,395 0 -1,395 -89 0 -89 -397 0 -397

Gross operating income 6,691 0 6,691 5,275 -146 5,129 2,246 0 2,246 258 0 258 99 0 99 -1,188 146 -1,042

Cost of risk -2,042 0 -2,042 -1,574 0 -1,574 -380 0 -380 2 0 2 -71 0 -71 -19 0 -19

Income before tax 4,889 0 4,889 3,927 -146 3,781 1,885 0 1,885 232 0 232 28 0 28 -1,184 146 -1,037

2013

Impacts of

pro forma

operations

2013

pro

forma

2013

Impacts of

pro forma

operations

2013

pro

forma

2013

Impacts of

pro forma

operations

2013

pro

forma

2013

pro

forma

2013

Impacts of

pro forma

operations

2013 pro

forma2013

Impacts of

pro forma

operations

2013 pro

forma2013

Impacts of

pro forma

operations

Other businessesGroupe BPCE Commercial Banking & Insurance

Wholesale Banking, Investment

Solutions & Specialized

Financial Services

Equity Interests Workout portfolio management


Net banking income 21,946 0.0 21,946 14,780 -201 14,579 6,093 0 6,093 1,711 0 1,711 350 0 350 -988 201 -787

Operating expenses -15,935 0.0 -15,935 -10,064 0 -10,064 -4,037 0 -4,037 -1,396 0 -1,396 -127 0 -127 -312 0 -312

Gross operating income 6,011 0.0 6,011 4,717 -201 4,516 2,055 0 2,055 315 0 315 224 0 224 -1,300 201 -1,099

Cost of risk -2,199 0.0 -2,199 -1,447 0 -1,447 -341 0 -341 -5 0 -5 -262 0 -262 -145 0 -145

Income before tax 3,743 0.0 3,743 3,473 -201 3,272 1,730 0 1,730 285 0 285 -43 0 -43 -1,702 201 -1,501

2012

Impacts of

pro forma

operations

2012

pro

forma

2012

Impacts of

pro forma

operations

2012

pro

forma

2012

Impacts of

pro forma

operations

2012

pro

forma

2012

pro

forma

2012

Impacts of

pro forma

operations

2012 pro

forma2012

Impacts of

pro forma

operations

2012 pro

forma2012

Impacts of

pro forma

operations

Other businessesGroupe BPCE Commercial Banking & Insurance



Financial Services



Annex - Groupe BPCE Income statement: reconciliation of pro-forma consolidated data to published consolidated data

Q4-13

Q4-12


Net banking income 5,834 0 5,834 3,941 -16 3,925 1,616 0 1,616 450 0 450 76 0 76 -248 16 -233

Operating expenses -4,256 0 -4,256 -2,578 0 -2,578 -1,071 0 -1,071 -377 0 -377 -20 0 -20 -211 0 -211

Gross operating income 1,578 0 1,578 1,363 -16 1,347 545 0 545 73 0 73 57 0 57 -459 16 -444

Cost of risk -565 0 -565 -453 0 -453 -93 0 -93 3 0 3 -5 0 -5 -17 0 -170 0 0 0 0 0

Income before tax 1,053 0 1,053 975 -16 959 459 0 459 42 0 42 51 0 51 -475 16 -459

Q4-13

Impacts of

pro forma

operations

Q4-13

pro

forma

Q4-13

Impacts of

pro forma

operations

Q4-13

pro

forma

Q4-13

Impacts of

pro forma

operations

Q4-13

pro

forma

Q4-13

pro

forma

Q4-13

Impacts of

pro forma

operations

Q4-13

pro

forma

Q4-13

Impacts of

pro forma

operations

Q4-13

pro

forma

Q4-13

Impacts of

pro forma

operations

Other businessesGroupe BPCECommercial Banking &

Insurance



Financial Services



Net banking income 5,512 0 5,512 3,760 -46 3,713 1,573 0 1,573 445 0 445 160 0 160 -425 46 -379

Operating expenses -4,157 0 -4,157 -2,626 0 -2,626 -1,062 0 -1,062 -355 0 -355 -24 0 -24 -89 0 -89

Gross operating income 1,355 0 1,355 1,134 -46 1,087 511 0 511 90 0 90 135 0 135 -514 46 -468

Cost of risk -644 0 -644 -364 0 -364 -106 0 -106 1 0 1 -170 0 -170 -6 0 -60 0 0 0 #VALEUR! 0 #VALEUR! 0 #VALEUR! 0 #VALEUR! 0 #VALEUR!

Income before tax 490 0 490 826 -46 780 409 0 409 61 0 61 -34 0 -34 -772 46 -726

Q4-12

Impacts of

pro forma

operations

Q4-12

pro

forma

Q4-12

Impacts of

pro forma

operations

Q4-12

pro

forma

Q4-12

Impacts of

pro forma

operations

Q4-12

pro

forma

Q4-12

pro

forma

Q4-12

Impacts of

pro forma

operations

Q4-12

pro

forma

Q4-12

Impacts of

pro forma

operations

Q4-12

pro

forma

Q4-12

Impacts of

pro forma

operations

Other businessesGroupe BPCECommercial Banking &

Insurance



Financial Services



Annex - Groupe BPCE Annual income statement per business line

2013 2012 2013 2012 2013 2012 % 2013 2012 2013 2012 2013 2012 %

Net banking income 15,378 14,780 6,398 6,093 21,776 20,873 4.3% 1,653 1,711 -603 -638 22,826 21,946 4.0%

Operating expenses -10,103 -10,064 -4,152 -4,037 -14,255 -14,101 1.1% -1,395 -1,396 -485 -438 -16,135 -15,935 1.3%

Gross operating income 5,275 4,716 2,246 2,056 7,521 6,772 11.1% 258 315 -1,088 -1,076 6,691 6,011 11.3%

Cost / income ratio 65.7% 68.1% 64.9% 66.3% 65.5% 67.6% -2.1 pts 84.4% 81.6% ns ns 70.7% 72.6% -1.9 pt

Cost of risk -1,574 -1,447 -380 -341 -1,954 -1,788 9.3% 2 -5 -90 -406 -2,042 -2,199 -7.1%

Income before tax 3,927 3,472 1,884 1,730 5,811 5,202 11.7% 233 285 -1,155 -1,744 4,889 3,743 30.6%

Income tax -1,478 -1,195 -606 -540 -2,084 -1,735 20.1% -106 -138 291 507 -1,899 -1,366 39.0%

Minority interests -41 -44 -364 -361 -405 -405 0.0% -82 -81 166 256 -321 -230 39.6%2,147

Net income attributable to equity

holders of the parent 2,408 2,233 914 829 3,322 3,062 8.5% 45 66 -698 -981 2,669 2,147 24.3%

Groupe BPCE

In millions of euros

Workout portfolio

management &

Other businesses

Commercial

Banking &

Insurance

Wholesale Banking,

Investment

Solutions &

Specialized Financial

Services

Total core businesses Equity interests


Annex - Groupe BPCE Quarterly income statement per business line

Q4-13 Q4-12 Q4-13 Q4-12 Q4-13 Q4-12 % Q4-13 Q4-12 Q4-13 Q4-12 Q4-13 Q4-12 %

Net banking income 3,941 3,759 1,616 1,573 5,557 5,332 4.2% 450 445 -173 -265 5,834 5,512 5.8%

Operating expenses -2,578 -2,627 -1,071 -1,062 -3,649 -3,689 -1.1% -377 -356 -230 -112 -4,256 -4,157 2.4%

Gross operating income 1,363 1,132 545 511 1,908 1,643 16.1% 73 89 -403 -377 1,578 1,355 16.5%

Cost / income ratio 65.4% 69.9% 66.3% 67.5% 65.7% 69.2% -3.5 pts 83.8% 80.0% ns 42.3% 73.0% 75.4% -2.5 pts

Cost of risk -453 -364 -94 -105 -547 -469 16.6% 3 2 -21 -177 -565 -644 -12.3%

Income before tax 975 825 458 409 1,433 1,234 16.1% 44 61 -424 -805 1,053 490 ns

Income tax -406 -277 -143 -123 -549 -400 37.3% -25 -57 132 190 -442 -267 65.5%

Minority interests -13 -10 -90 -97 -103 -107 -3.7% -27 -15 52 74 -78 -48 62.5%175


holders of the parent 556 538 225 189 781 727 7.4% -8 -11 -240 -541 533 175 ns


Workout portfolio

management &

Other businesses

Groupe BPCE

Commercial

Banking &

Insurance

Wholesale Banking,

Investment Solutions

& Specialized

Financial Services

Total core businesses Equity interests


Annex - Groupe BPCE Quarterly income statement

In millions of euros Q1-12 Q2-12 Q3-12 Q4-12 2012 Q1-13 Q2-13 Q3-13 Q4-13 2013

Net banking income 5,450 5,671 5,313 5,512 21,946 5,679 5,728 5,585 5,834 22,826

Operating expenses -3,953 -3,899 -3,926 -4,157 -15,935 -3,944 -4,023 -3,912 -4,256 -16,1350 0 0 0 0 0 0 0 0 0

Gross operating income 1,497 1,772 1,387 1,355 6,011 1,735 1,705 1,673 1,578 6,691

Cost / income ratio 72.5% 68.8% 73.9% 75.4% 72.6% 69.4% 70.2% 70.0% 73.0% 70.7%

Cost of risk -460 -648 -447 -644 -2,199 -485 -533 -459 -565 -2,042

Income before tax 1,081 1,187 985 490 3,743 1,304 1,268 1,264 1,053 4,8890 0 0 0 0 0 0 0 0 0

Income tax -380 -408 -311 -267 -1,366 -456 -397 -604 -442 -1,899

Minority interests -36 -111 -35 -48 -230 -94 -88 -61 -78 -3210 0 0 0 0 0 0 0 0 0


of the parent 665 668 639 175 2,147 754 783 599 533 2,669

Groupe BPCE


Annex - Groupe BPCE Consolidated balance sheet

ASSETS in €m Dec. 31, 2013 Dec. 31, 2012 LIABILITIES in €m Dec. 31, 2013 Dec. 31, 2012

Cash and amounts due from central banks 60,410 53,792 Amounts due to central banks 0 0

Financial assets at fair value through profit or loss 206,072 214,991 Financial liabilities at fair value through profit or loss 179,832 194,793

Hedging derivatives 6,643 10,733 Hedging derivatives 6,185 11,116

Available-for-sale financial assets 79,374 83,409 Amounts due to banks 88,811 111,399

Loans and receivables due from credit institutions 108,038 118,795 Amounts due to customers 458,189 430,519

Loans and receivables due from customers 578,419 574,856 Debt securities 214,654 230,501

Remeasurement adjustment on interest-rate risk Remeasurement adjustment on interest-rate risk

hedged portfolios 5,060 7,911 hedged portfolios 1,237 1,994

Held-to-maturity financial assets 11,567 11,042 Tax liabilities 543 612

Tax assets 6,622 6,186 Accrued expenses and other liabilities 48,698 47,997

Accrued income and other assets 46,675 51,145 Technical reserves of insurance companies 51,573 49,432

Investments in associates 2,629 2,442 Provisions 5,251 4,927

Investment property 2,022 1,829 Subordinated debt 10,375 9,875

Property, plant and equipment 4,539 4,783 Consolidated equity 58,172 54,356

Intangible assets 1,282 1,358 Equity attributable to equity holders of the parent 51,339 50,554

Goodwill 4,168 4,249 Minority interests 6,833 3,802

TOTAL ASSETS 1,123,520 1,147,521 TOTAL LIABILITIES 1,123,520 1,147,521


Annex - Groupe BPCE Goodwill

in millions of euros Dec. 31,

2012 Acquisitions/Disposals

Impairment Conversion Other

movements Dec. 31,

2013

Commercial Banking and Insurance entities

909 -4 -1 904

Natixis 2,634 -11 -12 -53 -3 2,555

Equity interests 706 3 709

TOTAL 4,249 -8 -16 -54 -3 4,168

Goodwill amortization is recognized under “Other businesses”


Annex – Financial structure Statement of changes in shareholders’ equity

Equity attributable to equity holders of the parent

December 31, 2012 50,554

Impact of change in IAS 19R standard on pensions -175

January 1st, 2013 50,379

Distributions -481

Capital increase (cooperative shares) 1,911

CIC buyback -3,341

Income 2,669

Remuneration of deeply subordinated notes and related currency effect -481

Changes in gains & losses directly recognized in equity 730

Transactions with minorities -62

Other 15

December 31, 2013 51,339



51.3

43.8 42.0

47.3

+5.8

+5.3

-4.5 -5.2

-3.6

-1.8

Equity attributable

to equity holders

of the parent

Cancellation of

deeply

subordinated

notes¹ included in

equity attributable

to equity holders

of the parent

Minority interests² Goodwill &

intangibles

Other

restatements

Total Equity Core

T1 capital

Deductions

(50 %)

Total Core T1

capital

Deeply

subordinated

notes¹

Total T1 capital

Annex – Financial structure Reconciliation of shareholders’ equity to Tier-1 capital under Basel 2.5

in billions of euros

1 Deeply subordinated notes: €4.5bn of BPCE deeply subordinated notes included in equity attributable to equity holders of the parent + €0.8bn of deeply subordinated notes issued by Natixis included in minority interests 2 Minority interests (prudential definition) notably excluding the deeply subordinated notes issued by Natixis


1 Estimate 2 Pro forma to take into account the IRB approach homologation for exposure to the Caisses d’Epargne retail customers segment

Annex – Financial structure Prudential ratios under Basel 2.5 and credit ratings

Dec. 31, 20131

Dec. 31, 2012

Dec. 31, 20112

Total risk-weighted assets

€369bn €381bn €388bn

Core Tier-1 capital €42.0bn €40.9bn €35.4bn

Tier-1 capital €47.3bn €46.5bn €41.1bn

Core Tier-1 ratio 11.4% 10.7% 9.1%

Tier-1 ratio 12.8% 12.2% 10.6%

Total capital ratio 14.4% 12.5% 11.6%

Long-term credit ratings (February 19, 2014)

A

outlook negative

A2 outlook stable

A outlook stable


Annex – Financial structure Risk-weighted assets under Basel 2.5

Dec. 31, 20131

Dec. 31, 2012

Dec. 31, 20112

Credit risk €315bn €323bn €335bn

Market risk €16bn €19bn €17bn

Operational risk €38bn €39bn €36bn

Total risk-weighted assets

€369bn €381bn €388bn

Breakdown of risk-weighted assets at December 31, 2013

1 Estimate 2 Pro forma to take into account the IRB approach homologation for exposure to the Caisses d’Epargne retail customers segment

Breakdown of risk-weighted assets


Annex – Commercial Banking and Insurance Annual income statement per business line

* Principal component: Crédit Foncier

2013 2012 % 2013 2012 % 2013 2012 % 2013 2012 % 2013 2012 %

Net banking income 6,390 6,033 5.9% 6,997 6,756 3.6% 777 808 -3.8% 1,214 1,183 2.6% 15,378 14,780 4.0%

Operating expenses -4,205 -4,185 0.5% -4,562 -4,518 1.0% -546 -586 -6.8% -790 -775 1.9% -10,103 -10,064 0.4%

Gross operating income 2,185 1,848 18.2% 2,435 2,238 8.8% 231 222 4.1% 424 408 3.9% 5,275 4,716 11.9%

Cost / income ratio 65.8% 69.4% -3.6 pts 65.2% 66.9% -1.7 pt 70.3% 72.5% -2.3 pts 65.1% 65.5% -0.4 pt 65.7% 68.1% -2.4 pts

Cost of risk -685 -747 -8.3% -529 -441 20.0% -250 -132 89.4% -110 -127 -13.4% -1,574 -1,447 8.8%

Income before tax 1,525 1,126 35.4% 1,904 1,797 6.0% 0 105 -100.0% 498 444 12.2% 3,927 3,472 13.1%

Income tax -571 -388 47.2% -780 -650 20.0% 2 -41 -104.9% -129 -116 11.2% -1,478 -1,195 23.7%

Minority interests -6 -7 -14.3% 0 0 ns -2 -1 ns -33 -36 ns -41 -44 -6.8%

Net income attributable to

equity holders of the parent 948 731 29.7% 1,124 1,147 -2.0% 0 63 -100.0% 336 292 15.1% 2,408 2,233 7.8%

Insurance, International & Other

networksCommercial Banking & Insurance


Banques Populaires Caisses d'Epargne Real Estate Financing (*)


Annex – Commercial Banking and Insurance Quarterly income statement per business line


(*)

Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12 %

Net banking income 1,632 1,507 8.3% 1,785 1,743 2.4% 199 208 -4.3% 325 301 8.0% 3,941 3,759 4.8%

Operating expenses -1,051 -1,052 -0.1% -1,164 -1,194 -2.5% -147 -169 -13.0% -216 -212 1.9% -2,578 -2,627 -1.9%

Gross operating income 581 455 27.7% 621 549 13.1% 52 39 33.3% 109 89 22.5% 1,363 1,132 20.4%

Cost / income ratio 64.4% 69.8% -5.4 pts 65.2% 68.5% -3.3 pts 73.9% 81.3% -7.4 pts 66.5% 70.4% -4.0 pts 65.4% 69.9% -4.5 pts

Cost of risk -165 -181 -8.8% -126 -103 22.3% -154 -51 ns -8 -29 -72.4% -453 -364 24.5%

Income before tax 424 283 49.8% 492 446 10.3% -88 -6 ns 147 102 44.1% 975 825 18.2%

Income tax -162 -105 54.3% -201 -150 34.0% 24 8 ns -67 -30 123.3% -406 -277 46.6%

Minority interests -1 1 ns 0 0 ns 0 0 ns -12 -11 9.1% -13 -10 30.0%


equity holders of the parent 261 179 45.8% 291 296 -1.7% -64 2 ns 68 61 11.5% 556 538 3.3%


Banques Populaires Caisses d'Epargne Real Estate Financing (*) Commercial Banking & InsuranceInsurance, International & Other

networks


Annex – Commercial Banking and Insurance Quarterly income statement

(*) In millions of euros Q1-12 Q2-12 Q3-12 Q4-12 2012 Q1-13 Q2-13 Q3-13 Q4-13 2013


Operating expenses -2,512 -2,456 -2,469 -2,627 -10,064 -2,483 -2,549 -2,493 -2,578 -10,103

Gross operating income 1,262 1,190 1,132 1,132 4,716 1,269 1,342 1,301 1,363 5,275

Cost / income ratio 66.6% 67.4% 68.6% 69.9% 68.1% 66.2% 65.5% 65.7% 65.4% 65.7%0 0.0 0.0 - 0 0.0 0.0 0.0 - -

Cost of risk -297 -494 -292 -364 -1,447 -353 -435 -333 -453 -1,574

Income before tax 1,010 750 887 825 3,472 961 976 1,015 975 3,9270 0 0 0 0 0 0 0 0 0

Income tax -355 -257 -306 -277 -1,195 -327 -311 -434 -406 -1,478



holders of the parent 643 484 568 538 2,233 625 657 570 556 2,408

Commercial Banking & Insurance


Annex – Commercial Banking and Insurance Banque Populaire banks and Caisses d’Epargne




Gross operating income 523 429 441 455 1,848 517 553 534 581 2,185

Cost / income ratio 66.7% 70.8% 70.3% 69.8% 69.4% 66.8% 66.1% 66.1% 64.4% 65.8%0.0 0.0 0.0 - 0.0 0.0 0.0 0.0 - -

Cost of risk -174 -275 -117 -181 -747 -159 -200 -161 -165 -685

Income before tax 353 157 333 283 1,126 363 359 379 424 1,5250 0 0 0 0 0 0 0 0 0

Income tax -134 -54 -95 -105 -388 -128 -122 -159 -162 -571

Minority interests -5 -1 -2 1 -7 -2 0 -3 -1 -60 0 0 0 0 0 0 0 0 0


holders of the parent 214 102 236 179 731 233 237 217 261 948

Banques Populaires






Cost of risk -95 -126 -117 -103 -441 -130 -139 -134 -126 -529


Income tax -166 -169 -165 -150 -650 -169 -177 -233 -201 -780

Minority interests 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0


equity holders of the parent 294 284 273 296 1,147 298 298 237 291 1,124

Caisses d'Epargne


% change 2013 / 2012

Demand deposits +6.5%

Passbook savings accounts

+6.1%

Regulated home savings plans

+2.2%

Term accounts, PEP +8.9%

Mutual funds -7.7%

Employee savings +2.7%

Life insurance +3.2%

Other1 ns

Total deposits & savings

+4.2%

Annex - Commercial Banking and Insurance Banque Populaire network: customer deposits & savings (in €bn)

1 As of Q2-13, deposits from financial institutions are presented under the heading “Other”. The figures for previous periods have been restated accordingly


% change 2013 / 2012

Real-estate loans +7.0%

Consumer loans and

short-term credit facilities -2.5%

Equipment loans +0.8%

Other ns

Total loans +3.5%

Annex - Commercial Banking and Insurance Banque Populaire network: customer loan outstandings (in €bn)


% change 2013 / 2012

Demand deposits +15.0%

Passbook savings accounts

-0.8%

Regulated home savings plans

+7.5%

Term accounts, PEP & miscellaneous

+22.2%

BPCE bonds placed in the CE network

+1.9%

Mutual funds & miscellaneous

-11.4%

Life insurance +1.8%

Other1 ns

Total deposits & savings

+3.2%

Annex - Commercial Banking and Insurance Caisse d’Epargne network: customer deposits & savings (in €bn)

1 As of Q2-13, deposits from financial institutions are presented under the heading “Other”. The figures for previous periods have been restated accordingly


% change 2013 / 2012

Real-estate loans +9.8%

Consumer loans and

short-term credit facilities +4.9%

Equipment loans +6.5%

Other ns

Total loans +8.4%

Annex - Commercial Banking and Insurance Caisse d’Epargne network: customer loan outstandings (in €bn)


Annex – Commercial Banking and Insurance Real estate Financing Insurance, International and Other networks


* (*)


Net banking income 211 199 190 208 808 183 187 208 199 777

Operating expenses -142 -130 -145 -169 -586 -136 -129 -134 -147 -5460 0 0 0 0 0 0 0 0 0

Gross operating income 69 69 45 39 222 47 58 74 52 231


Cost of risk -3 -50 -28 -51 -132 -33 -32 -31 -154 -250

Income before tax 65 27 19 -6 105 15 28 45 -88 00 0 0 0 0 0 0 0 0 0

Income tax -24 -8 -17 8 -41 -4 -1 -17 24 2

Minority interests 0 -1 0 0 -1 0 -1 -1 0 -20 0 0 0 0 0 0 0 0 0


equity holders of the parent 41 18 2 2 63 11 26 27 -64 0

Real Estate Financing (*)


Net banking income 309 298 275 301 1,183 283 317 289 325 1,214

Operating expenses -194 -185 -184 -212 -775 -176 -199 -199 -216 -790



Cost of risk -25 -43 -30 -29 -127 -31 -64 -7 -8 -110

Income before tax 132 113 97 102 444 116 114 121 147 4980 0 0 0 0 0 0 0 0 0

Income tax -31 -26 -29 -30 -116 -26 -11 -25 -67 -129



equity holders of the parent 94 80 57 61 292 83 96 89 68 336

Insurance, International & Other networks


Annex – Wholesale Banking, Investment Solutions and SFS Annual income statement per business line

Q3-13

Q3-12

2013 2012 % 2013 2012 % 2013 2012 % 2013 2012 %

Net banking income 2,867 2,836 1.1% 2,259 2,065 9.4% 1,272 1,192 6.7% 6,398 6,093 5.0%

Operating expenses -1,657 -1,719 -3.6% -1,662 -1,528 8.8% -833 -790 5.4% -4,152 -4,037 2.8%

Gross operating income 1,210 1,117 8.3% 597 537 11.2% 439 402 9.2% 2,246 2,056 9.2%

Cost / income ratio 57.8% 60.6% -2.8 pts 73.6% 74.0% -0.4 pt 65.5% 66.3% -0.8 pt 64.9% 66.3% -1.4 pt

Cost of risk -312 -265 17.7% 12 0 ns -80 -76 5.3% -380 -341 11.4%

Income before tax 899 852 5.5% 627 552 13.6% 358 326 9.8% 1,884 1,730 8.9%

Income tax -323 -306 5.6% -159 -123 29.3% -124 -111 11.7% -606 -540 12.2%

Minority interests -161 -152 5.9% -136 -145 -6.2% -67 -64 4.7% -364 -361 0.8%


equity holders of the parent 415 394 5.3% 332 284 16.9% 167 151 10.6% 914 829 10.3%0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0




Financial Services

Wholesale Banking Investment Solutions Specialized Financial Services


Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement per business line

Q3-13

Q3-12

Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12 %

Net banking income 651 684 -4.8% 640 582 10.0% 325 307 5.9% 1,616 1,573 2.7%

Operating expenses -396 -445 -11.0% -456 -411 10.9% -219 -206 6.3% -1,071 -1,062 0.8%

Gross operating income 255 239 6.7% 184 171 7.6% 106 101 5.0% 545 511 6.7%

Cost / income ratio 60.8% 65.1% -4.2 pts 71.3% 70.6% 0.6 pt 67.4% 67.1% 0.3 pt 66.3% 67.5% -1.2 pt

Cost of risk -87 -85 2.4% 14 2 x 7 -21 -22 -4.5% -94 -105 -10.5%

Income before tax 168 154 9.1% 206 176 17.0% 84 79 6.3% 458 409 12.0%

Income tax -60 -55 9.1% -52 -40 30.0% -31 -28 10.7% -143 -123 16.3%

Minority interests -30 -28 7.1% -44 -55 -20.0% -16 -14 14.3% -90 -97 -7.2%


equity holders of the parent 78 71 9.9% 110 81 35.8% 37 37 0.0% 225 189 19.0%0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0


Wholesale Banking Investment Solutions Specialized Financial Services



Financial Services


Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement per business line



Operating expenses -993 -1,003 -979 -1,062 -4,037 -1,025 -1,034 -1,022 -1,071 -4,1520 0 0


Cost / income ratio 63.7% 66.4% 67.5% 67.5% 66.3% 63.3% 66.1% 64.0% 66.3% 64.9%

Cost of risk -57 -86 -93 -105 -341 -99 -93 -94 -94 -380


Income tax -167 -126 -124 -123 -540 -165 -137 -161 -143 -606




Wholesale Banking, Investment Solutions & Specialized Financial Services


Annex – Wholesale Banking Quarterly income statement



Operating expenses -431 -433 -410 -445 -1,719 -432 -413 -416 -396 -1,6570 0 0 0 0 0 0 0 0 0


Cost / income ratio 56.6% 61.7% 59.6% 65.1% 60.6% 54.1% 60.8% 56.3% 60.8% 57.8%0 0 0 0

Cost of risk -36 -65 -79 -85 -265 -82 -72 -71 -87 -312


Income tax -106 -74 -71 -55 -306 -102 -70 -91 -60 -323




Wholesale Banking


Annex – Investment Solutions Quarterly income statement



Operating expenses -371 -372 -374 -411 -1,528 -388 -415 -403 -456 -1,6620 0 0 0 0 0 0 0 0 0


Cost / income ratio 72.6% 75.3% 78.2% 70.6% 74.0% 75.6% 74.5% 73.4% 71.3% 73.6%- - - - - - - - - -

Cost of risk 0 -3 1 2 0 1 -1 -2 14 12


Income tax -33 -24 -26 -40 -123 -31 -37 -39 -52 -159




Investment Solutions


Annex – Specialized Financial Services Quarterly income statement





Cost / income ratio 66.6% 63.1% 68.7% 67.1% 66.3% 66.3% 62.6% 65.7% 67.4% 65.5%- - - - - - - - - -

Cost of risk -21 -18 -15 -22 -76 -18 -20 -21 -21 -800 0 0 0 0 0 0 0 0 0


Income tax -28 -28 -27 -28 -111 -32 -30 -31 -31 -124




Specialized Financial Services


Annex – Equity interests Quarterly income statement



Operating expenses -360 -336 -344 -356 -1,396 -343 -345 -330 -377 -1,3950 0 0

Gross operating income 64 94 68 89 315 53 80 52 73 2580 0 0 0

Cost of risk -3 -2 -2 2 -5 -1 4 -4 3 2

Income before tax 62 95 67 61 285 56 86 47 44 2330 0 0

Income tax -22 -34 -25 -57 -138 -23 -36 -22 -25 -106



equity holders of the parent 23 33 21 -11 66 17 27 9 -8 450 0.0 0.0 0.0 0 0.0 0.0 0.0 0.0 0.0

Equity interests


Annex – Workout portfolio management and “Other businesses” Annual income statement

In millions of euros 2013 2012 2013 2012 2013 2012

Net banking income 189 350 -792 -988 -603 -638

Operating expenses -89 -127 -396 -311 -485 -438

Gross operating income 100 223 -1,188 -1,299 -1,088 -1,076

Cost of risk -71 -262 -19 -144 -90 -406

Income before tax 29 -45 -1,184 -1,699 -1,155 -1,744

Income tax -14 15 305 492 291 507

Minority interests 1 9 165 247 166 256


of the parent 16 -21 -714 -960 -698 -981

Workout portfolio

management Other businesses

Workout portfolio

management & Other

businesses


Annex – Workout portfolio management and “Other businesses” Quarterly income statement

In millions of euros Q4-13 Q4-12 Q4-13 Q4-12 Q4-13 Q4-12

Net banking income 77 159 -250 -424 -173 -265

Operating expenses -19 -25 -211 -87 -230 -112

Gross operating income 58 134 -461 -511 -403 -377

Cost of risk -6 -170 -15 -7 -21 -177

Income before tax 52 -36 -476 -769 -424 -805

Income tax -22 12 154 178 132 190

Minority interests -4 -5 56 79 52 74


of the parent 26 -29 -266 -512 -240 -541

Workout portfolio

management Other businesses

Workout portfolio

management & Other

businesses


Annex – Workout portfolio management and “Other businesses” Quarterly income statement


Net banking income -308 85 -150 -265 -638 -89 -153 -188 -173 -603


Gross operating income -396 -19 -284 -377 -1,076 -182 -248 -255 -403 -1,0880 0 0 0 0 0 0 0 0 0

Cost of risk -103 -66 -60 -177 -406 -32 -9 -28 -21 -90

Income before tax -506 -83 -350 -805 -1,744 -213 -236 -282 -424 -1,155

Income tax 164 9 144 190 507 59 87 13 132 291



equity holders of the parent -248 -56 -136 -541 -981 -130 -119 -209 -240 -698

Workout portfolio management & Other businesses


Annex – Workout portfolio management Quarterly income statement


Net banking income 22 71 98 159 350 60 24 28 77 189


Gross operating income -9 30 68 134 223 37 0 5 58 1000 0 0 0

Cost of risk -40 -31 -21 -170 -262 -24 -17 -24 -6 -710 0 0 0 0 0 0 0 0 0

Income before tax -49 -1 41 -36 -45 13 -17 -19 52 290 0 0 0

Income tax 18 1 -16 12 15 -5 7 6 -22 -14

Minority interests 12 8 -6 -5 9 -3 3 5 -4 10 0 0 0 0 0 0 0 0 0


equity holders of the parent -19 8 19 -29 -21 5 -7 -8 26 16

Workout portfolio management


Impact of non-operating items on the attributable net income of the “Other businesses” line:

2013 net income attributable to equity holders of the parent: main items for a total impact of -€265m

> Revaluation of own debt: –€123m

> Net impact of the disposal of international assets and covered bond buyback operations: -€91m

> Prolonged decline in value of the interest in Banca Carige: - €36m

> Goodwill impairment: - €15m

2012 net income attributable to equity holders of the parent: main items for a total impact of -€548m

> Goodwill impairment: - €251m

> Revaluation of own debt: - €198m

> Prolonged decline in value of the interest in Banca Carige: - €190m

> Reimbursement of Check Imaging Exchange Penalty: + €91m

Annex – “Other businesses” Quarterly income statement


Net banking income -330 14 -248 -424 -988 -149 -177 -216 -250 -792


Gross operating income -387 -49 -352 -511 -1,299 -219 -248 -260 -461 -1,1880 0 0 0 0 0 0 0 0 0

Cost of risk -63 -35 -39 -7 -144 -8 8 -4 -15 -19

Income before tax -457 -82 -391 -769 -1,699 -226 -219 -263 -476 -1,1840 0 0 0 0 0 0 0 0 0

Income tax 146 8 160 178 492 64 80 7 154 305



equity holders of the parent -229 -64 -155 -512 -960 -135 -112 -201 -266 -714

Other businesses


in millions of euros Dec. 31, 2013 Dec. 31, 2012 Dec. 31, 2011

Gross outstanding customer loans 590,704 586,479 583,062

O/w non-performing loans 23,330 21,921 20,255

Non-performing / gross outstanding loans 3.9% 3.7% 3.5%

Impairment recognized1 12,285 11,623 11,182

Impairment recognized / non-performing loans 52.7% 53.0% 55.2%

Cover rate including guarantees related to impaired outstandings

78.2% 73.7% 75.8%

Annex – Risks Groupe BPCE: non-performing loans and impairment

1 Including collective impairment


Annex - Risks Networks: non-performing loans and impairment

1 Including collective impairment

Banque Populaire banks




Non-performing/gross outstanding loans 5.0% 5.0% 4.8%


Impairment recognized/non-performing loans 59.6% 59.5% 59.8%


74.9% 73.6% 73.2%

Caisses d’Epargne




Non-performing/gross outstanding loans 2.1% 2.0% 2.0%


Impairment recognized/non-performing loans 56.1% 59.0% 58.6%


76.4% 75.9% 78.1%


Breakdown of commitments to Corporates and Professionals by industrial sector

Breakdown of commitments by counterparty

1 of which 12% in France

Annex – Risks Breakdown of commitments as at December 31, 2013

€1,003bn


Institutions Sovereigns Corporates

Annex - Risks Geographical breakdown of commitments as at December 31, 2013


Other non-guaranteed portfolios

1 Value at risk 2 Figures as at October 31, 2013

Type of asset (nature of portfolio)

Notional in €bn

Net Value in €bn

Discount rate RWA

before guarantee in €bn

ABS CDOs 0.7 0.1 80%

8.3

Other CDOs 1.3 1.0 23%

RMBS 0.2 0.1 34%

Covered bonds 0.0 0.0 0%

CMBS 0.1 0.1 17%

Other ABS 0.2 0.2 3%

Hedged assets 3.1 2.9 6%

Corporate credit portfolio 3.2 3.2 0%

Total 8.7 7.6

o/w RMBS US agencies 0.0 0.0

Total guaranteed (85%) 8.7 7.6

Guaranteed portfolios (Financial Guarantee & TRS)

Annex – Risks Detailed exposure as of December 31, 2013 Risk-weighted assets under Basel 3

Type of asset (type of portfolio)

RWA Dec. 31, 2013

in €bn

VaR1 Q4-13 in €m

Complex derivatives (credit)2 0.0 0.0

Complex derivatives (rates) 0.3 1.5

Complex derivatives (equities) 0.0 0.0

Fund-linked structured products 0.5 0.1


Net direct exposure of credit institutions in the banking portfolio1 (in €m)

Annex - Risks Exposure to the sovereign debts of peripheral European countries

1 Methodology drawn up by the European Banking Authority (EBA) for the December 2013 transparency exercise; figures at December 31, 2012 have been recalculated using the same methodology – net direct exposure, excluding derivatives 2 Exposures are net of policyholders’ participation

Net exposures of insurance companies2 (in €m)


Annex – Risks Exposure to European sovereign risks1 (in €m) as at December 31, 2013 based on the model drawn up by the EBA2

1 Exposure of the banking activities on a consolidated basis 2 Methodology drawn up by the European Banking Authority (EBA) for the December 2013 transparency exercise; figures at December 31, 2012 have been recalculated using the same methodology – net direct exposure, excluding derivatives


Direct sovereign

exposure in

derivatives at

December 31,

2013

Indirect

sovereign

exposure in the

trading book at

December 31,

2013

of which banking

book

of which trading

book

Net position at

fair values

Net position at

fair values

of which banking

book

Austria 645 213 306 -93 -59 0 424 273

Belgium 1,976 1,651 1,102 549 35 87 1,348 1,300

Bulgaria 0 0 0 0 0 0 0 0

Cyprus 52 52 52 0 0 0 60 60

Czech Republic 48 48 48 0 0 0 93 93

Denmark 96 96 91 5 -28 0 98 94

Estonia 0 0 0 0 0 0 0 0

Finland 34 29 0 29 -11 0 -103 0

France 49,957 34,564 39,212 -4,648 -624 -87 32,802 36,206

Germany 4,554 -4,844 109 -4,953 818 0 -789 379

Greece 19 19 19 0 0 0 13 13

Hungary 105 90 36 54 -18 -15 54 44

Iceland 152 152 0 152 0 20 0 0

Ireland 191 191 190 1 0 0 176 176

Italy 10,196 4,147 3,579 567 17 8 4,018 3,715

Latvia 0 0 0 0 -2 0 0 0

Liechtenstein 0 0 0 0 0 0 0 0

Lithuania 18 18 0 18 -50 68 33 0

Luxembourg 10 10 10 0 0 0 0 0

Malta 0 0 0 0 0 0 0 0

Netherlands 1,589 941 556 385 -213 0 75 3

Norway 0 0 0 0 3 0 0 0

Poland 406 378 366 13 0 -2 492 494

Portugal 66 66 55 11 0 0 132 59

Romania 0 0 0 0 0 0 0 0

Slovakia 113 113 113 -1 0 0 247 247

Slovenia 217 217 217 0 0 0 259 259

Spain 1,100 22 24 -2 -6 0 216 27

Sweden 1 1 0 1 0 0 0 0

United Kingdom 0 0 0 0 0 0 0 0

TOTAL EEA 30 71,547 38,173 46,086 -7,914 -138 80 39,649 43,442

EEA 30

Gross direct

exposure at

December 31,

2013

Net direct exposure, excluding derivatives, at

December 31, 2013Net direct exposure, excluding

derivatives, at December 31, 2012


Annex - Risks Exposure1 to countries subject to a rescue plan (in €bn) at December 31, 2013

in billions of euros Sovereign

debt Corporates Other

Total banking portfolio Dec. 31,

2013

Total banking portfolio Dec. 31,

2012

Cyprus 0.1 0.1 0.0 0.1 0.2

Greece 0.0 0.3 0.0 0.3 0.3

Portugal 0.0 0.2 1.6 1.8 2.1

Total 0.1 0.5 1.6 2.2 2.6

1 Exposures calculated according to the methodology defined by the EBA (European Banking Agency) in July 2011 (gross balance sheet and off-balance sheet EAD)


Annex - Sensitive exposures (excluding Natixis) Recommendations of the Financial Stability Forum

Foreword

With the exception of the summary provided on the next page, the following information is based on the scope of consolidation of Groupe BPCE (excluding Natixis)

For specific details about the sensitive exposures of Natixis, please refer to the financial presentation dated February 19, 2014 published by Natixis

Contents > CDO (Collateralized Debt Obligations)

> CMBS (Commercial Mortgage-backed Securities)

> RMBS (Residential Mortgage-backed Securities)

> Protection acquired


in millions of euros Groupe BPCE (excl. Natixis)

Natixis Total

Dec. 31, 2013 Total

Sept. 30, 2013

Net exposure

CDOs of ABS (Asset-backed Securities)

US residential market 0 91 91 98

Net exposure

Other at-risk CDOs 1,009 736 1,745 1,955

Net exposure

CMBS

RMBS (Spain, US and the UK)

192

295

0

36

192

331

277

463

Total net exposure

Unhedged exposure 1,496 863 2,359 2,793

Monolines: residual exposure after value adjustments

CDPC (Credit Derivative Product Companies): exposure after value adjustments

0

0

295

6

295

6

311

56

Annex - Groupe BPCE FSF report at December 31, 2013 Summary of sensitive exposures



Net exposure Sept. 30,

2013

Change in value Q4-13

Other changes Q4-13

Net exposure Dec. 31,

2013

Gross exposure Dec. 31,

2013

Portfolio at fair value through profit or loss 42 5 0 47 84

Portfolio at fair value through shareholders' equity

52 -1 10 61 69

Portfolio of loans and receivables 925 -26 2 901 916

TOTAL 1,019 -22 12 1,009 1,069

Breakdown of residual exposure by rating

Breakdown of residual exposure by type of product

Annex - Sensitive exposures (excluding Natixis) Other CDOs (unhedged)




2013


Other changes Q4-13


2013


2013


Portfolio at fair value through shareholders’ equity

35 -4 0 31 31


TOTAL 226 -34 0 192 280


Breakdown of residual exposure by geographical region

Annex - Sensitive exposures (excluding Natixis) CMBS


94%

6%

AAA

AA and AA-

UK RMBS portfolio



2013


Other changes Q4-13


2013


2013



146 -3 -7 136 138


TOTAL 156 -4 -7 145 147


56%

44%

AA-, A and A-

BBB + and <

Spanish RMBS portfolio



2013


Other changes Q4-13


2013


2013

Portfolio at fair value through profit or loss 146 -1 0 145 161


2 - 0 0 2 2

Portfolio of loans and receivables 3 0 0 3 3

TOTAL 151 -1 0 150 166


Groupe BPCE (excluding Natixis) does not have any exposure to RMBS in the United States

Annex - Sensitive exposures (excluding Natixis) RMBS


Credit enhancers (monoline)

Protection acquired from credit enhancers by Crédit Foncier for financial assets is in the form of financial guarantees (and not CDS) and represents a guarantee attached to the enhanced asset

These enhancement commitments are thus not considered as directly exposed to monolines

Protections acquired from other counterparties

Of which 2 operations corresponding to the Negative Basis Trades strategies

> 2 senior tranches of European CLOs rated AAA/AAA and AAA/AA+ by two rating agencies

> Counterparty risk on two sellers of protection (European banks) covered by margin calls

in millions of euros Gross nominal amount of the hedged instruments

Impairment of hedged CDOs

Fair value of the protection

Protection for CDOs (US residential market) - - -

Protection for other CDOs 271 -11 11

TOTAL 271 -11 11

Annex - Sensitive exposures (excluding Natixis) Protections acquired


Economy

> Financing the local economy: pursuit of financing activities in all French regions

> Supporting the social economy

> Key player in local employment: 87% of the Group’s suppliers are SMEs accounting for 40% of aggregate procurement in 2013

Human Resources

> Groupe BPCE, a major force in recruitment

> Real commitment to gender equality

> A socially responsible – and socially committed – purchasing policy

Environment

> Providing funding for energy transition • At a local level: 1st French bank chosen by the European

Commission to improve the distribution of eco-loans in liaison with local authorities

• Among its customers: eco-loans for individual and professional customers

> Determined steps taken to reduce the Group’s carbon footprint

Societal action

> Investment in social solidarity: one of the leading asset managers specializing in SRI and solidarity-based funds in France and Europe

> Financing social solidarity: one of the leaders in solidarity-based employee savings in France and leading French banking group providing micro-credit solutions

Annex - Groupe BPCE, a socially responsible corporate citizen Monitoring the Group’s CSR indicators 2013/2012

Sensitive urban areas served by the Group or close to Banque Populaire or Caisse d’Epargne branches

36% 33%

Total amount of loans providing support for the social economy granted in 2013

€0.8bn €0.7bn

Number of new recruits on permanent contracts 1 3,418 3,992

Number of recruits on work-study contracts 2,285 2,169

Percentage of female managerial staff on permanent contracts

37% 36%

FTE in disability-friendly companies 350 317

ELENA-KFW European pilot program designed to improve the distribution of eco-loans working in liaison with local authorities

4 banks with pilot

programs, 3 partnerships

signed

Signature in October

2012

Eco-loan outstandings of the Caisses d’Epargne and Banque Populaire banks

€2bn

€2bn

Group entities having completed a carbon audit

98% 82%

Assets under SRI and solidarity-based management in France

€13.4bn €13.9bn

Solidarity-based employee savings deposits €1.4bn €0.9bn

Number of microloans under management and their aggregate amount

+ 13,000 microloans

for €91m

+ 12,000 microloans

for €85m

1 Including work-study contracts

2013 2012

Groupe bpce results q4 13

Investor Relations

Transcript of Groupe bpce results q4 13