February 19, 2014

Results for full-year 2013
Disclaimer
This presentation may contain forward-looking statements and comments relating to the objectives and strategy o...
Robust Groupe BPCE performance in 2013 with continuing
moderate risk profile and major gains in capital adequacy


Very s...
Contents

1.

Results of Groupe BPCE

2. Capital adequacy and liquidity
3. Results of the business lines
4.

Core business...
1. Groupe BPCE full-year 2013 results

Net income attributable to equity holders of the parent1:
+26.2%, to €2.9bn
2013 /
...
1. Groupe BPCE Q4-13 results

Fine performance achieved by the core business lines: net income
attributable to equity hold...
1. Results of Groupe BPCE
Revenue and cost synergies ahead of the targets set in the
2010-2013 strategic plan
Contribution...
1. Results of Groupe BPCE

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



Commerc...
1. Results of Groupe BPCE

GAPC: €5.4bn in assets divested in 2013 with no impact on net income

GAPC: contribution to the...
Contents

1.

Results of Groupe BPCE

2. Capital adequacy and liquidity
3. Results of the business lines
4.

Core business...
2. Capital adequacy and liquidity

Sharp increase in capital adequacy in 2013: Common Equity Tier-1
ratio under Basel 31 a...
2. Capital adequacy and liquidity

Enhanced customer loan-to-deposit ratio
Group customer loan-to-deposit ratio1



Chang...
2. Capital adequacy and liquidity

2014 issuance program placing greater emphasis on diversification,
helping to reach the...
Contents

1.

Results of Groupe BPCE

2. Capital adequacy and liquidity
3. Results of the business lines
4.

Core business...
3. Results of the business lines

Commercial Banking and Insurance
2013 /

Pro forma results

2013

In millions of euros

...
3. Results of the business lines

Commercial Banking and Insurance
On-balance sheet deposits and savings1
& loan outstandi...
3. Results of the Banque Populaire banks
Unless specified to the contrary, all changes are vs. 2012



Customer base: rec...
3. Results of the Caisses d’Epargne
Unless specified to the contrary, all changes are vs. 2012



Customer base: strong g...
3. Results of the business lines
Real estate Financing1

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



Ac...
3. Results of the business lines

Accelerated transformation of Crédit Foncier



Discontinuation and winding-up of Crédi...
3. Results of the business lines

Insurance, International and Other networks

Unless specified to the contrary, all chang...
3. Results of the business lines

Core business lines of Natixis: Wholesale Banking, Investment
Solutions, Specialized Fin...
3. Results of the business lines

Wholesale Banking: very strong dynamic for the financing activities,
good resilience of ...
3. Results of the business lines

Investment Solutions: Q4-13 and full-year growth in all business lines

Unless specified...
3. Results of the business lines

SFS: strong revenue growth in the employee benefit schemes and
sureties & financial guar...
3. Equity interests1

Pro forma results

2013 /
2013

In millions of euros

Q4-13 /

2012

Q4-13

Q4-12

% change

% chang...
3. Equity interests
Unless specified to the contrary, all changes are vs. 2012

Insurance turnover (in €m)

Coface


Insu...
Contents

1.

Results of Groupe BPCE

2. Capital adequacy and liquidity
3. Results of the business lines
4.

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

Innovation at the service of our customers
>

>
>


...
4. Fully-fledged bancassurance specialist: creation of a
single industrial platform for insurance activities
Unless specif...
4. Core business lines of Natixis: building strong momentum
Top asset gatherers (US long-term funds)


Asset management: ...
Contents

1.

Results of Groupe BPCE

2. Capital adequacy and liquidity
3. Results of the business lines
4.

Core business...
5. Conclusion



Groupe BPCE is confirming its role as a major player in financing the French economy:
6.1% growth in loa...
Results for full-year 2013
Annexes
Annexes


Groupe BPCE
>
>

>
>
>
>


Organizational structure of Groupe BPCE
Income statement: reconciliation of pro-for...
Annex - Groupe BPCE

Organizational structure of Groupe BPCE

February 19, 2014

Results for full-year 2013

36
Annex - Groupe BPCE

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

2013
...
Annex - Groupe BPCE

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

Q4-13...
Annex - Groupe BPCE

Annual income statement per business line

Commercial
Banking &
Insurance

Wholesale Banking,
Investm...
Annex - Groupe BPCE

Quarterly income statement per business line

Wholesale Banking,
Investment Solutions
& Specialized
F...
Annex - Groupe BPCE

Quarterly income statement

Groupe BPCE
In millions of euros

Q1-12

Q2-12

Q3-12

Q4-12

2012

Q1-13...
Annex - Groupe BPCE

Consolidated balance sheet

ASSETS in €m
C ash and amounts due from central banks
Financial assets at...
Annex - Groupe BPCE
Goodwill

in millions of euros
Commercial Banking
and Insurance entities

Dec. 31,
2012

Acquisitions
...
Annex – Financial structure

Statement of changes in shareholders’ equity

Equity
attributable to
equity holders
of the pa...
Annex – Financial structure

Reconciliation of shareholders’ equity to Tier-1 capital under Basel 2.5

in billions of euro...
Annex – Financial structure

Prudential ratios under Basel 2.5 and credit ratings

Dec. 31,
20131

Dec. 31,
2012

Dec. 31,...
Annex – Financial structure

Risk-weighted assets under Basel 2.5
Breakdown of risk-weighted assets
Dec. 31,
20131

Dec. 3...
Annex – Commercial Banking and Insurance
Annual income statement per business line

Banques Populaires
In millions of euro...
Annex – Commercial Banking and Insurance
Quarterly income statement per business line

Banques Populaires
In millions of e...
Annex – Commercial Banking and Insurance
Quarterly income statement

Commercial Banking & Insurance
In millions of euros

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

Banques Populaires
In millions of e...
Annex - Commercial Banking and Insurance
Banque Populaire network: customer deposits & savings (in €bn)

% change
2013 / 2...
Annex - Commercial Banking and Insurance
Banque Populaire network: customer loan outstandings (in €bn)

% change
2013 / 20...
Annex - Commercial Banking and Insurance
Caisse d’Epargne network: customer deposits & savings (in €bn)

% change
2013 / 2...
Annex - Commercial Banking and Insurance
Caisse d’Epargne network: customer loan outstandings (in €bn)

% change
2013 / 20...
Annex – Commercial Banking and Insurance
Real estate Financing
Insurance, International and Other networks

Real Estate Fi...
Annex – Wholesale Banking, Investment Solutions and SFS
Annual income statement per business line

Wholesale Banking

Q3-1...
Annex – Wholesale Banking, Investment Solutions and SFS
Quarterly income statement per business line

Q3-13
Q3-12
In milli...
Annex – Wholesale Banking, Investment Solutions and SFS
Quarterly income statement per business line

Wholesale Banking, I...
Annex – Wholesale Banking
Quarterly income statement

Wholesale Banking
In millions of euros

Q1-12

Q2-12

Q3-12

Q4-12

...
Annex – Investment Solutions
Quarterly income statement

Investment Solutions
In millions of euros

Q1-12

Q2-12

Q3-12

Q...
Annex – Specialized Financial Services
Quarterly income statement

Specialized Financial Services
In millions of euros

Q1...
Annex – Equity interests
Quarterly income statement

Equity interests
In millions of euros

Q1-12

Q2-12

Q3-12

Q4-12

20...
Annex – Workout portfolio management and “Other
businesses” Annual income statement

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

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

Workout portfolio management & Oth...
Annex – Workout portfolio management
Quarterly income statement

Workout portfolio management
In millions of euros

Q1-12
...
Annex – “Other businesses”
Quarterly income statement

Other businesses
In millions of euros

Q1-12

Q2-12

Q3-12

Q4-12

...
Annex – Risks

Groupe BPCE: non-performing loans and impairment

Dec. 31, 2013

in millions of euros

Dec. 31, 2012

Dec. ...
Annex - Risks

Networks: non-performing loans and impairment
Banque Populaire banks
Dec. 31, 2013

in millions of euros

D...
Annex – Risks

Breakdown of commitments as at December 31, 2013
Breakdown of commitments by
counterparty

Breakdown of com...
Annex - Risks

Geographical breakdown of commitments as at December 31, 2013

Institutions

Sovereigns

February 19, 2014
...
Annex – Risks

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

Guaranteed portfolios (Financ...
Annex - Risks

Exposure to the sovereign debts of peripheral European countries
Net direct exposure of credit institutions...
Annex – Risks

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

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

in billions of euros

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

Foreword


With the exc...
Annex - Groupe BPCE FSF report at December 31, 2013
Summary of sensitive exposures

Groupe BPCE
(excl. Natixis)

in millio...
Annex - Sensitive exposures (excluding Natixis)
Other CDOs (unhedged)

Net
exposure
Sept. 30,
2013

in millions of euros

...
Annex - Sensitive exposures (excluding Natixis)
CMBS

Net
exposure
Sept. 30,
2013

in millions of euros

Change in
value
Q...
Annex - Sensitive exposures (excluding Natixis)
RMBS

Net
exposure
Sept. 30,
2013

UK RMBS portfolio
in millions of euros
...
Annex - Sensitive exposures (excluding Natixis)
Protections acquired

Credit enhancers (monoline)




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

>
>
>


...
February 19, 2014

Results for full-year 2013

84
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Annual Results 2013 - Groupe BPCE

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Groupe bpce results q4 13

  1. 1. February 19, 2014 Results for full-year 2013
  2. 2. Disclaimer 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. February 19, 2014 Results for full-year 2013 2
  3. 3. Robust Groupe BPCE performance in 2013 with continuing moderate risk profile and major gains in capital adequacy  Very strong commercial dynamism of the core business lines 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 Growth in on-balance sheet deposits and savings +9.9%3 and loan outstandings +6.1%4 o  Core business lines of Natixis: revenues of €6.4bn, +5.0% vs. 2012 Extremely strong dynamism of key franchises o   Cost/income ratio of the core business lines: 65.9%, -2.3 pts vs. 2012  Robust 2013 results Strong growth net income1,5 attributable to equity holders of the parent in 2013: €2.9bn, +26.2% vs. 2012 Cost of risk kept to a moderate level in 2013: annual average of 35 bp (-2 bp vs. 2012)   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%  Continuous, regular strengthening of the balance sheet Common Equity Tier-1 ratio under Basel 36: 10.4%, +150 bp in 2013 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) 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 1 February 19, 2014 Results for full-year 2013 3
  4. 4. 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 February 19, 2014 Results for full-year 2013 4
  5. 5. 1. Groupe BPCE full-year 2013 results Net income attributable to equity holders of the parent1: +26.2%, to €2.9bn 2013 / Pro forma results In millions of euros 2013 2012 % change Core business 2013 / lines2 2013 % change 2012 Net banking income 1 23,080 3.3% 21,629 4.6% Operating expenses -16,135 1.3% -14,254 1.1% 6,944 8.2% 7,375 12.2% 69.9% Gross operating income 1 Cost / income ratio -1.4 pt 65.9% -2.3 pts Cost of risk -2,042 Income before tax 1 5,143 23.9% 2,914 26.2% Net income attributable to equity holders of the parent excluding the revaluation of own debt Impact of the revaluation of own debt on net income -7.2% -1,953 9.3% 5,666 13.3% - - -123 Net income attributable to equity holders of the parent 2,791 32.1% 3,313 12.9% ROE 5.7% 1.2 pt 9% 1 pt 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 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 February 19, 2014 Results for full-year 2013 5
  6. 6. 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% Pro forma results Q4-13 / In millions of euros Q4-12 Q4-13 % change Core business Q4-13 / lines2 Q4-13 % change Q4-12 Net banking income 1 5,968 5.4% 5,541 4.8% Operating expenses -4,256 2.4% -3,649 -1.1% 1,712 Cost of risk 13.7% 1,892 18.4% 71.3% Gross operating income 1 Cost / income ratio -2.1 pts 65.8% -3.9 pts -565 Income before tax 1 -12.3% 1,187 Net income attributable to equity holders of the parent excluding the revaluation of own debt Impact of the revaluation of own debt on net income Net income attributable to equity holders of the parent 85.5% 596 x 2.4 -66 -546 16.2% 1,419 19.3% - - x 3.1 775 10.9% 4.2% ROE 530 3.2 pts 9% 1 pt 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 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 February 19, 2014 Results for full-year 2013 6
  7. 7. 1. Results of Groupe BPCE Revenue and cost synergies ahead of the targets set in the 2010-2013 strategic plan Contributions to revenue synergies (as a % of additional net banking income generated) Revenue synergies Cumulative target of €810m End-2009 > > €891m realized at end-December 2013 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 > 52% Consumer finance Insurance 15% 10% Payments Other Contributions to cost synergies (as a % of the synergies generated) Cost synergies End-2009 23% Cumulative target of €1bn €1,035m realized at end-December 2013 > Rationalization of purchasing with, notably, the signature of group-wide contracts with IT service providers Pooling of IT infrastructure > Optimization of organizational processes > 32% Processes (incl. Purchasing) Implementation of local synergies between the Banque Populaire banks and Caisses d’Epargne February 19, 2014 Results for full-year 2013 Information Systems 41% 27% Organization 7
  8. 8. 1. Results of Groupe BPCE Moderate risk profile: average annual cost of risk stands at 35 bp (-2 bp vs. 2012)  Commercial Banking and Insurance > >  Wholesale Banking, Investment Solutions, SFS > >  Average annual cost of risk: 35 bp (+2 bp vs. 2012) remaining at a moderate level Commercial Banking and Insurance 31 27 32 31 29 36 27 37 Wholesale Banking, Investment Solutions, SFS 43 53 56 56 34 33 37 33 36 49 55 53 23 Core business lines 33 26 35 31 39 Groupe BPCE > > > 1 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 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 Cost of risk in pb1 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) Groupe BPCE2 2011 Cost of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period February 19, 2014 Results for full-year 2013 37 31 2 35 2012 2013 44 Q4-12 Q1-13 Q2-13 31 Q3-13 38 Q4-13 Excluding Greek government bonds impairment 8
  9. 9. 1. Results of Groupe BPCE GAPC: €5.4bn in assets divested in 2013 with no impact on net income GAPC: contribution to the Group’s attributable net income (in €m)  Faster pace of asset disposals in 2013: €0.7bn in Q4-13, representing €5.4bn in 2013 vs. €3.6bn in 2012 34  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 1 1 Complete winding-up of GAPC by mid-2014 confirmed -9 -33 Risk-weighted assets under Basel 3 stand at €9.1bn1 at December 31, 2013  -7 -16 -31  19 17 -63 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 2012 2013 Estimate under Basel 3 – CRR/CRD IV, as applied by Groupe BPCE February 19, 2014 Results for full-year 2013 9
  10. 10. 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 February 19, 2014 Results for full-year 2013 10
  11. 11. 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 + 60 bp + 40 bp + 50 bp 10.4% 8.9% Common Equity Tier-1 ratio under Basel 3 2 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 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 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 1 February 19, 2014 Results for full-year 2013 11
  12. 12. 2. Capital adequacy and liquidity Enhanced customer loan-to-deposit ratio Group customer loan-to-deposit ratio1  Change in method2 ratio1: Group customer loan-to-deposit 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 138% 147% 132% 124% 128% Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013 and CFF: €4.9bn) Liquidity reserves and short-term funding 164%  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 132% 117 43 Mar. 31, 13 February 19, 2014 Results for full-year 2013 2 Short-term refunding outstandings (in €bn) 116 97 90 Excluding SCF (Compagnie de Financement Foncier, the Group’s société de crédit foncier – a French legal covered bonds issuer) Excluding centralized savings products 160 111 106 103 Dec. 31, 12 3 156 Liquidity reserve/shortterm refunding (as a %) 140 136 46 1 141% 160 132% 137% 57 97 109 103 40 51 Available assets eligible for central bank refinancing (in €bn) Liquid assets placed with central banks (in €bn) June 30, 13 Sept. 30, 13 Dec. 31, 13 Change in method related to modifications in the definition of customer classifications 12
  13. 13. 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 > MLT funding plan completed at Dec. 31, 2013 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 73% Covered bond issues in the institutional market Unsecured bond issues in the institutional market 26% Senior unsecured bond issues placed via the retail banking networks in France (chiefly BP and CE) 1% Wholesale funding structure: 2014 targets 2014 MLT funding plan for €30bn > > €25bn in BPCE’s MLT funding pool €5bn in the CFF MLT funding pool 70%  €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 Covered bond issues in the institutional market 30% Unsecured bond issues in the institutional market 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) raised during the year in the institutional market 1 February 19, 2014 Results for full-year 2013 2 Unsecured bond issues actually 13
  14. 14. 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 February 19, 2014 Results for full-year 2013 14
  15. 15. 3. Results of the business lines Commercial Banking and Insurance 2013 / Pro forma results 2013 In millions of euros 2012 Q4-13 / Q4-13 % change Q4-12 % change Net banking income Excluding changes in provisions for home purchase savings schemes Banques Populaire banks Excluding changes in provisions for home purchase savings schemes Caisses d'Epargne Excluding changes in provisions for home purchase savings schemes 15,231 4.5% 3,925 5.7% 15,219 3.9% 3,925 4.6% 6,346 6.1% 1,624 8.6% 6,344 5.8% 1,624 7.2% 6,940 3.9% 1,778 3.1% 6,930 3.0% 1,778 2.0% Real estate Financing 735 -1.0% 197 1.9% Insurance, International and Other networks 1,211 2.8% 325 8.5% -10,103 0.4% -2,578 -1.8% Operating expenses Gross operating income 5,129 13.6% 1,347 23.9% 66.3% Cost / income ratio -2.7 pts 65.7% -5.0 pts Cost of risk -1,574 Income before tax 3,781 15.5% 959 23.0% Net income attributable to equity holders of the parent 2,398 13.9% 548 7.5% 9% 1 pt 8% - ROE 8.8% -453 24.4% 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 February 19, 2014 Results for full-year 2013 15
  16. 16. 3. Results of the business lines Commercial Banking and Insurance On-balance sheet deposits and savings1 & loan outstandings (in €bn) Unless specified to the contrary, all changes are vs. 2012  > > 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 226 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 BP and CE networks excluding centralized savings products changes in provisions for home purchase savings schemes 2 Excluding February 19, 2014 46% Loan outstandings Banque Populaire banks (48%) Caisses d’Epargne (40%) 2013 Real estate Financing (2012) Insurance, International and Other networks 4% (3%) 8% Cost of risk3 (in bp) 44 34 38 23 Q4-12 48 33 28 Q1-13 Banque Populaire banks 3 Cost Dec. 13 (9%)  1 Dec. 12 June 09 Dec. 13 Gross operating income (as a %) 42% Gross operating income: +13.6% > > Dec. 12 367 268 On-balance sheet deposits & savings 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  345 315 287 June 09  +37% +40% Strong commercial dynamics in the BP and CE retail networks 38 29 Q2-13 38 32 39 27 Q3-13 Cost of risk of both retail networks 32 25 Q4-13 Caisses d'Epargne of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period Results for full-year 2013 16
  17. 17. 3. Results of the Banque Populaire banks Unless specified to the contrary, all changes are vs. 2012  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  Net banking income: +5.8%2 > Net interest margin: > Commissions: +2.6%  Cost/income ratio: -3.7 pts Cost of risk3: 39 bp in Q4-13 > 200 69 66 66 118 125 134 Dec. 2011 Dec. 2012 Dec. 2013 160 166 Dec. 2012 Dec. 2013 155 Dec. 2011 Financial savings Loan outstandings Contribution to Group results (pro forma) in millions of euros Net banking income, excl. home purchase savings schemes 2013 2013/ 2012 Q4-13 Q4-13/ Q4-12 6,344 +5.8% 1,624 +7.2% -4,205 +0.5% -1,051 -0.1% 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% 944 +35.4% 256 +48.8% Operating expenses Gross operating income: +19.4% > 191 Attributable net income +4.4%2  187 On-balance sheet deposits & savings 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%)  Deposits and savings1 & loan outstandings (in €bn) -5 bp vs. Q4-12 Gross operating income Cost/income ratio 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 1 February 19, 2014 Results for full-year 2013 17
  18. 18. 3. Results of the Caisses d’Epargne Unless specified to the contrary, all changes are vs. 2012  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 Deposits and savings1 & loan outstandings (in €bn) 268 280 300 171 119 119 118 149 162 Dec. 2012 Dec. 2013 Financial savings > Life funds (+1.8%) On-balance sheet deposits & savings  Net banking income: +3.0%2 > Net interest margin: +3.5%2 > Commissions: +5.5%  2 in millions of euros Net banking income, excl. home purchase savings schemes Operating expenses Gross operating income Cost/income ratio Cost of risk3: 25 bp in Q4-13 Cost of risk > 1 Dec. 2012 Dec. 2013 Loan outstandings Contribution to Group results (pro forma) Gross operating income: +10.0% >  Dec. 2011 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  201 181 Dec. 2011 185 Cost/income ratio: -1.9 pt +2bp vs. Q4-12, remaining at a low level Attributable net income 2013 2013/ 2012 Q4-13 Q4-13/ Q4-12 6,930 +3.0% 1,778 +2.0% -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 -529 +19.8% -126 +22.2% 1,146 +4.5% 289 +1.6% Excluding centralized savings products 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 February 19, 2014 Results for full-year 2013 18
  19. 19. 3. Results of the business lines Real estate Financing1 Unless specified to the contrary, all changes are vs. 2012  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 Loan outstandings2 (in €bn)  56.6 52.7 47.7 59.3 58.4 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 •  112.0 60.0 > 116.6 Volume of approximately €200m in loans transferred by Group entities to SCF Dec. 2011 Individual customers Dec. 2012 Dec. 2013 Real-estate investors and public facilities Contribution to Group results (pro forma) Stability in net banking income in millions of euros  Significant reduction in operating expenses achieved by the cost-cutting plan 106.1 2013 Net banking income 2013/ 2012 734 -1.0% Operating expenses  Sharp rise in the cost of risk in Q4-13 > 1 Substantial provisions booked for a number of specific cases and collective provision for the portfolio of international assets managed on a run-off basis Principal entity contributing to the business line: Crédit Foncier February 19, 2014 2 - 546 -6.8% Gross operating income Cost/income ratio 188 74.4% +20.8% -4.6 pts Cost of risk - Attributable net income Q4-13 250 +89.3% -27 ns Q4-13/ Q4-12 197 +1.9% 147 -12.9% 50 74.7% ns -12.7 pts - - 153 X3 -64 ns Outstandings under management Results for full-year 2013 19
  20. 20. 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 Disposal of international assets and net impact on net banking income1 (in €bn) International Public Sector and sovereigns 4.9 > >  International Public Sector and Sovereigns >  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 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 3.9 1.8 0.7 0.6 Securitization (chiefly RMBS2) Asset disposals (in €bn) 3.6 1.3  Securitization 1.8 2011 -0.04 1.0 2012 2013 -0.04 -0.15 Portfolio of international assets (in €bn) 37.5 24.3 20.6 12.3 16.9 Sept. 30, 2011 12.0 Dec. 31, 2013 International Public Sector and sovereigns 1 Net of liability buybacks, net impact of disposals listed under “Other businesses” February 19, 2014 2 Residential Mortgage Backed Securities (securitized home loans) Results for full-year 2013 Net impact1 on net banking income (in €bn) 3 Securitization Transferred to Crédit Foncier 20
  21. 21. 3. Results of the business lines Insurance, International and Other networks Unless specified to the contrary, all changes are vs. 2012  Business activity indicators Insurance > > in billions of euros Life insurance: revenues driven by Private Banking Non-Life and Provident insurance: strong sales momentum 2013 2013/ 2012 2012 International International1 > > >  Deposits & savings1 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) 8.0 7.8 +2.4% Loan outstandings1 8.9 8.9 = Deposits & savings2 16.1 14.9 +8.0% Loan outstandings2  7.1 7.0 +2.7% Other networks 1 2 Figures for 2011 and 2012 restated following the sale of BCP Luxembourg in June 2013 Average amounts Contribution to Group results (pro forma) in millions of euros 2013 2013/ 2012 Q4-13 Q4-13/ Q4-12 1 Principal entity contributing to the business line: BPCE International et Outre-Mer February 19, 2014 2 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 Principal entity contributing to the business line: Banque Palatine Results for full-year 2013 21
  22. 22. 3. Results of the business lines Core business lines of Natixis: Wholesale Banking, Investment Solutions, Specialized Financial Services (SFS) 2013 / Pro forma results 2013 In millions of euros 2012 Q4-13 / Q4-13 % change Net banking income Q4-12 % change 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% 64.9% -1.4 pt 66.3% -1.3 pt Cost / income ratio Cost of risk -380 Income before tax 11.3% -93 -11.8% 1,885 ROE 459 12.3% 915 10.4% 226 20.2% 10% Net income attributable to equity holders of the parent 8.9% 1 pt 11% 3 pts 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 February 19, 2014 Results for full-year 2013 22
  23. 23. 3. Results of the business lines Wholesale Banking: very strong dynamic for the financing activities, good resilience of capital market businesses in 2013 Unless specified to the contrary, all changes are vs. 2012 Financing activities  Commercial Banking > >  Change in net revenues (in €m) 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) >  99 342 359 94 96 96 388 1022 361 374 1047 2012 2013 361 102 262 246 263 280 259 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Structured finance Commercial Banking 475 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 > 1 373 FIC-T > 1,435 Change in net revenues (in €m) Capital markets  1,395 Stable net revenues in 2013, buoyed up by the dynamism of the derivatives business and the international platforms Dealogic – in number of transactions February 19, 2014 Results for full-year 2013 384 332 308 299 212 1,508 219 1,495 1092 72 1077 304 273 214 96 103 113 111 90 416 418 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 2012 2013 Impact of non-recurring items Forex, Interest rate, Commodities & Treasury (FIC-T) Equity 23
  24. 24. 3. Results of the business lines Investment Solutions: Q4-13 and full-year growth in all business lines Unless specified to the contrary, all changes are vs. 2012 Asset management  Asset management: AuM (in €bn) 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 Insurance  +37.2 +13.4 629 -12.4 591 591,2 592,2 592,2 AuM at Dec. 31, 2012 Net inflows Fx effects Market effect AuM at Dec. 31, 2013 Asset management: AuM by area (end of period - in €bn, 1 year growth in %) 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 304 Private Banking   +0.4% 320 +21% 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  +19% at constant exchange rates Assets under management: €22.4bn at Dec. 31, 2013, 5 United States Europe Asia +8% over the year February 19, 2014 Results for full-year 2013 24
  25. 25. 3. Results of the business lines SFS: strong revenue growth in the employee benefit schemes and sureties & financial guarantees businesses in Q4-13 Unless specified to the contrary, all changes are vs. 2012 Employee benefit schemes: AuM (in €bn) Employee benefit schemes     14.5% 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 Sureties & financial guarantees (CEGC)  Change in Chèque de Table® market share, as a % +13% 10.0% February 19, 2014 Results for full-year 2013 12.0% 21.8 19.4 Q4-12 Q4-13 Dec. 08 Dec. 10 Dec. 11 Dec. 12 Dec. 13 CEGC: premiums written (in €m) 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 11.1% 13.4% +70% 89.0 52.5 Q4-12 Q4-13 25
  26. 26. 3. Equity interests1 Pro forma results 2013 / 2013 In millions of euros Q4-13 / 2012 Q4-13 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 Net income attributable to equity holders of the parent 73 -19.0% ns 3 ns 232 Income before tax -18.1% 2 Cost of risk 258 -18.4% 42 -30.8% 45 -31.8% -10 -11.5% 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 February 19, 2014 Results for full-year 2013 26
  27. 27. 3. Equity interests Unless specified to the contrary, all changes are vs. 2012 Insurance turnover (in €m) Coface  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: > > +4% 333 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 353 340 331 347 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Breakdown of revenues in 2013 Nexity  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% 67% Residential real estate vs. December 31, 2012), equivalent to 18 months of development activity for Nexity  17% Commercial real estate Services & distribution Revenues: €2.7bn in 2013, -3.3% 16% February 19, 2014 Results for full-year 2013 27
  28. 28. 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 February 19, 2014 Results for full-year 2013 28
  29. 29. 4. Let's create leading banks for one-to-one and online relations  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 22 27 56 57 Dec. 12 Dec. 13 Dec. 12 Dec. 13 Banque Populaire websites Caisse d'Epargne websites Mobile applications downloaded (in millions) The development of digital banking > Continued pursuit of the “Digital Enterprise” program • >  Monthly visits to the websites (in millions of visits) 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 Dec. 12 The Banque Populaire and Caisse d’Epargne names rank among the 15 most popular brands in France, all business sectors taken together Dec. 13 Number of Banque Populaire applications downloaded > > February 19, 2014 1.2 1.8 Dec. 12 2.9 Dec. 13 Number of Caisse d'Epargne applications downloaded Social networks Stronger brands > 0.8 Results for full-year 2013 More than d’Epargne More than d’Epargne 762,000 Banque Populaire and Caisse Facebook fans 20,000 Banque Populaire and Caisse Twitter followers 29
  30. 30. 4. Fully-fledged bancassurance specialist: creation of a single industrial platform for insurance activities Unless specified to the contrary, all changes are vs. 2012  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 > > Life insurance – Business activity indicators2 150.0 9.1 2012 2013 Outstandings (in €bn) Strong commercial momentum with revenue growth of +9.5% • > > Dec. 2013 Non-Life insurance – Business activity indicators3 Non-life and Provident insurance > Dec. 2012 10.5 Gross inflows (in €bn)  153.5 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 1.2 2012 1.3 2013  Revenues (in €bn) 3.6 2012 4.0 2013 Portfolio of contracts (in millions of units) “Growing differently”: becoming a fully-fledged bancassurer and, ultimately, providing insurance to 1/3 of our customers 1 Source: FFSA 2 Entities included: CNP Assurances, Natixis Assurances, Prépar Vie February 19, 2014 3 Entities included: BPCE Assurances, CNP Assurances, Natixis Assurances, Prépar Results for full-year 2013 30
  31. 31. 4. Core business lines of Natixis: building strong momentum Top asset gatherers (US long-term funds)  Asset management: 2013, a recordbreaking 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) 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 1 3. JPMorgan 21,094 8. Natixis 4. MFS 16,957 9. BlackRock 5. Oppenheimer 15,911 12,833 10,782 10. John Hancock 9,945 Structured finance: new loan production (in €bn)  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 4.5 Q1-13 3.5 4.1 Q2-13 Q3-13 5.5 Q4-13 Factored turnover (France – in €bn) +5% 29.8 28.5 2012 2013 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 1 February 19, 2014 Results for full-year 2013 31
  32. 32. 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 February 19, 2014 Results for full-year 2013 32
  33. 33. 5. 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” 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 1 February 19, 2014 Results for full-year 2013 33
  34. 34. Results for full-year 2013 Annexes
  35. 35. 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 > > 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   > > 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 Income statement Workout portfolio management and "Other businesses" >  Income statement Equity interests > Income statement Risks > Non-performing loans and impairment • • > > > Commercial Banking and Insurance > > Wholesale Banking, Investment Solutions and SFS > Financial structure > >   > > 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 Results for full-year 2013 Sensitive exposures (recommendations of the Financial Stability Forum – FSF)  February 19, 2014  Groupe BPCE, a socially responsible company 35
  36. 36. Annex - Groupe BPCE Organizational structure of Groupe BPCE February 19, 2014 Results for full-year 2013 36
  37. 37. Annex - Groupe BPCE Income statement: reconciliation of pro-forma consolidated data to published consolidated data 2013 Groupe BPCE 2013 in millions of euros Impacts of pro forma operations Commercial Banking & Insurance 2013 pro forma 2013 Impacts of pro forma operations 2013 pro forma Wholesale Banking, Investment Solutions & Specialized Financial Services 2013 Impacts of pro forma operations 2013 pro forma Equity Interests Impacts of pro forma operations 2013 Workout portfolio management 2013 pro forma 2013 Impacts of pro forma operations 2013 pro forma Other businesses Impacts of pro forma operations 2013 2013 pro forma 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 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 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 -2,042 0 -2,042 -1,574 0 -1,574 -380 0 -380 2 0 2 -71 0 -71 -19 0 -19 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 Gross operating income Cost of risk Income before tax -644 2012 Groupe BPCE 2012 in millions of euros Impacts of pro forma operations Commercial Banking & Insurance 2012 pro forma 2012 Impacts of pro forma operations 2012 pro forma Wholesale Banking, Investment Solutions & Specialized Financial Services 2012 Impacts of pro forma operations 2012 pro forma Equity Interests Impacts of pro forma operations 2012 Workout portfolio management 2012 pro forma 2012 Impacts of pro forma operations 2012 pro forma Other businesses 2012 Impacts of pro forma operations 2012 pro forma 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 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 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 -2,199 0.0 -2,199 -1,447 0 -1,447 -341 0 -341 -5 0 -5 -262 0 -262 -145 0 -145 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 Gross operating income Cost of risk Income before tax February 19, 2014 Results for full-year 2013 -787 37
  38. 38. Annex - Groupe BPCE Income statement: reconciliation of pro-forma consolidated data to published consolidated data Q4-13 Q4-13 in millions of euros Impacts of pro forma operations Wholesale Banking, Investment Solutions & Specialized Financial Services Commercial Banking & Insurance Groupe BPCE 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 Equity Interests Impacts of pro forma operations Q4-13 Workout portfolio management Q4-13 pro forma Q4-13 Impacts of pro forma operations Q4-13 pro forma Other businesses Impacts of pro forma operations Q4-13 Q4-13 pro forma 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 1,578 0 1,578 1,363 -16 1,347 545 0 545 73 0 73 57 0 57 -459 16 -444 -565 0 -565 -453 0 0 -453 -93 0 -93 3 0 0 3 -5 0 0 0 -5 -17 0 0 -17 0 1,053 0 1,053 975 -16 959 459 0 459 42 0 42 51 0 51 -475 16 -459 Gross operating income Cost of risk Income before tax Q4-12 Q4-12 in millions of euros Impacts of pro forma operations Wholesale Banking, Investment Solutions & Specialized Financial Services Commercial Banking & Insurance Groupe BPCE 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 Equity Interests Impacts of pro forma operations Q4-12 Workout portfolio management Q4-12 pro forma Q4-12 Impacts of pro forma operations Q4-12 pro forma Other businesses Q4-12 Impacts of pro forma operations Q4-12 pro forma 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 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 1,355 0 1,355 1,134 -46 1,087 511 0 511 90 0 90 135 0 135 -514 46 -468 -644 0 0 0 -644 0 -364 0 0 #VALEUR! -364 -106 0 0 #VALEUR! -106 1 0 0 #VALEUR! 1 -170 0 0 #VALEUR! -170 -6 0 0 #VALEUR! -6 490 0 490 826 -46 780 409 0 409 61 0 61 -34 0 -34 -772 46 -726 Gross operating income Cost of risk Income before tax February 19, 2014 Results for full-year 2013 -379 38
  39. 39. Annex - Groupe BPCE Annual income statement per business line Commercial Banking & Insurance Wholesale Banking, Investment Solutions & Specialized Financial Services 2013 2012 15,378 -10,103 14,780 -10,064 6,398 -4,152 Gross operating income Cost / income ratio 5,275 65.7% 4,716 68.1% Cost of risk Income before tax -1,574 3,927 Income tax Minority interests Net banking income Operating expenses Net income attributable to equity holders of the parent 2012 % 6,093 -4,037 21,776 -14,255 20,873 -14,101 4.3% 1.1% 1,653 -1,395 1,711 -1,396 -603 -485 2,246 64.9% 2,056 66.3% 7,521 65.5% 6,772 67.6% 11.1% -2.1 pts 258 84.4% 315 81.6% -1,447 3,472 -380 1,884 -341 1,730 -1,954 5,811 -1,788 5,202 9.3% 11.7% 2 233 -1,195 -44 -606 -364 -540 -361 -2,084 -405 -1,735 -405 20.1% 0.0% 2,408 2,233 914 829 3,322 3,062 8.5% Results for full-year 2013 2013 2012 Workout portfolio management & Other businesses 2013 February 19, 2014 2012 Equity interests -1,478 -41 In millions of euros 2013 Total core businesses 2013 2012 Groupe BPCE 2013 2012 % -638 -438 22,826 -16,135 21,946 -15,935 4.0% 1.3% -1,088 ns -1,076 ns 6,691 70.7% 6,011 72.6% 11.3% -1.9 pt -5 285 -90 -1,155 -406 -1,744 -2,042 4,889 -2,199 3,743 -7.1% 30.6% -106 -82 -138 -81 291 166 507 256 -1,899 -321 -1,366 -230 2,147 39.0% 39.6% 45 66 -698 -981 2,669 2,147 24.3% 39
  40. 40. Annex - Groupe BPCE Quarterly income statement per business line Wholesale Banking, Investment Solutions & Specialized Financial Services Commercial Banking & Insurance In millions of euros Q4-13 Q4-12 Q4-13 Q4-12 Total core businesses Q4-13 Q4-12 % Equity interests Q4-13 Q4-12 Workout portfolio management & Other businesses Q4-13 Q4-12 Groupe BPCE Q4-13 Q4-12 % Net banking income Operating expenses 3,941 -2,578 3,759 -2,627 1,616 -1,071 1,573 -1,062 5,557 -3,649 5,332 -3,689 4.2% -1.1% 450 -377 445 -356 -173 -230 -265 -112 5,834 -4,256 5,512 -4,157 5.8% 2.4% Gross operating income Cost / income ratio 1,363 65.4% 1,132 69.9% 545 66.3% 511 67.5% 1,908 65.7% 1,643 69.2% 16.1% -3.5 pts 73 83.8% 89 80.0% -403 ns -377 42.3% 1,578 73.0% 1,355 75.4% 16.5% -2.5 pts Cost of risk Income before tax -453 975 -364 825 -94 458 -105 409 -547 1,433 -469 1,234 16.6% 16.1% 3 44 2 61 -21 -424 -177 -805 -565 1,053 -644 490 -12.3% ns Income tax Minority interests -406 -13 -277 -10 -143 -90 -123 -97 -549 -103 -400 -107 37.3% -3.7% -25 -27 -57 -15 132 52 190 74 -442 -78 -267 -48 175 65.5% 62.5% 556 538 225 189 781 727 7.4% -8 -11 -240 -541 533 175 ns Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 40
  41. 41. Annex - Groupe BPCE Quarterly income statement Groupe BPCE 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 0 1,497 -3,899 0 1,772 -3,926 0 1,387 -4,157 0 1,355 -15,935 0 6,011 -3,944 0 1,735 -4,023 0 1,705 -3,912 0 1,673 -4,256 -16,135 0 0 1,578 6,691 72.5% 68.8% 73.9% 75.4% 72.6% 69.4% 70.2% 70.0% 73.0% 70.7% Gross operating income Cost / income ratio -460 Income tax -648 -447 -644 -2,199 -485 -533 -459 -565 -2,042 1,081 0 Cost of risk Income before tax 1,187 0 985 0 490 0 3,743 0 1,304 0 1,268 0 1,264 0 1,053 0 4,889 0 -380 -408 -311 -267 -1,366 -456 -397 -604 -442 -1,899 Minority interests -36 0 -111 0 -35 0 -48 0 -230 0 -94 0 -88 0 -61 0 -78 0 -321 0 Net income attributable to equity holders of the parent 665 668 639 175 2,147 754 783 599 533 2,669 February 19, 2014 Results for full-year 2013 41
  42. 42. Annex - Groupe BPCE Consolidated balance sheet ASSETS in €m C ash and amounts due from central banks Financial assets at fair value through profit or loss Hedging derivatives Dec. 31, 2013 Dec. 31, 2012 60,410 53,792 206,072 214,991 LIABILITIES in €m Amounts due to central banks Financial liabilities at fair value through profit or loss 6,643 10,733 Hedging derivatives 79,374 83,409 Amounts due to banks Loans and receivables due from credit institutions 108,038 118,795 Loans and receivables due from customers 578,419 574,856 Available-for-sale financial assets Remeasurement adjustment on interest-rate risk hedged portfolios 11,116 Amounts due to customers 458,189 430,519 Debt securities 214,654 230,501 1,237 1,994 Remeasurement adjustment on interest-rate risk 7,911 11,567 11,042 hedged portfolios Tax liabilities 543 612 Accrued expenses and other liabilities 48,698 Technical reserves of insurance companies 51,573 47,997 49,432 5,251 4,927 46,675 Investments in associates 2,629 2,442 Provisions Investment property 2,022 1,829 Subordinated debt Property, plant and equipment 4,539 4,783 Consolidated equity Intangible assets 1,282 1,358 Equity attributable to equity holders of the parent Goodwill 4,168 4,249 Minority interests 1,123,520 1,147,521 TOTAL ASSETS February 19, 2014 0 194,793 111,399 6,186 51,145 Accrued income and other assets 0 179,832 6,185 6,622 Tax assets Dec. 31, 2012 88,811 5,060 Held-to-maturity financial assets Dec. 31, 2013 Results for full-year 2013 TOTAL LIABILITIES 10,375 9,875 58,172 54,356 51,339 50,554 6,833 3,802 1,123,520 1,147,521 42
  43. 43. Annex - Groupe BPCE Goodwill in millions of euros Commercial Banking and Insurance entities Dec. 31, 2012 Acquisitions /Disposals 909 TOTAL -11 706 -8 -1 -12 -53 Other movements Dec. 31, 2013 904 3 4,249 Equity interests Conversion -4 2,634 Natixis Impairment -3 2,555 709 -16 -54 -3 4,168 Goodwill amortization is recognized under “Other businesses” February 19, 2014 Results for full-year 2013 43
  44. 44. Annex – Financial structure Statement of changes in shareholders’ equity Equity attributable to equity holders of the parent in millions of euros December 31, 2012 Impact of change in IAS 19R standard on pensions 50,554 -175 50,379 January 1st, 2013 -481 Distributions Capital increase (cooperative shares) 1,911 -3,341 CIC buyback 2,669 Income Remuneration of deeply subordinated notes and related currency effect -481 Changes in gains & losses directly recognized in equity 730 Transactions with minorities -62 15 Other December 31, 2013 February 19, 2014 Results for full-year 2013 51,339 44
  45. 45. Annex – Financial structure Reconciliation of shareholders’ equity to Tier-1 capital under Basel 2.5 in billions of euros -4.5 -5.2 +5.8 -3.6 +5.3 -1.8 51.3 47.3 43.8 Equity attributable to equity holders of the parent Cancellation of Minority interests² deeply subordinated notes¹ included in equity attributable to equity holders of the parent Goodwill & intangibles Other restatements Total Equity Core T1 capital 42.0 Deductions (50 %) Total Core T1 capital Deeply subordinated notes¹ Total T1 capital 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 February 19, 2014 Results for full-year 2013 45
  46. 46. 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 1 Estimate 2 Pro forma to take into account the IRB approach homologation for exposure to the Caisses d’Epargne retail customers segment February 19, 2014 Results for full-year 2013 46
  47. 47. Annex – Financial structure Risk-weighted assets under Basel 2.5 Breakdown of risk-weighted assets Dec. 31, 20131 Dec. 31, 2012 Dec. 31, 20112 €315bn €323bn €335bn Market risk €16bn €19bn €17bn Operational risk €38bn €39bn €36bn €369bn €381bn €388bn Credit risk Total risk-weighted assets 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 February 19, 2014 Results for full-year 2013 47
  48. 48. Annex – Commercial Banking and Insurance Annual income statement per business line Banques Populaires In millions of euros Net banking income Operating expenses Gross operating income Cost / income ratio Cost of risk Income before tax 2013 2012 6,390 -4,205 Caisses d'Epargne % 6,033 -4,185 5.9% 0.5% 2013 2012 6,997 -4,562 Insurance, International & Other networks Real Estate Financing (*) % 6,756 -4,518 2013 3.6% 1.0% 2012 777 -546 % 808 -586 2013 -3.8% -6.8% 2012 1,214 -790 % 1,183 -775 Commercial Banking & Insurance 2013 2.6% 1.9% 2012 % 15,378 -10,103 14,780 -10,064 4.0% 0.4% 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% 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 -685 1,525 -747 1,126 -8.3% 35.4% -529 1,904 -441 1,797 20.0% 6.0% -250 0 -132 105 89.4% -100.0% -110 498 -127 444 -13.4% 12.2% -1,574 3,927 -1,447 3,472 8.8% 13.1% -571 -388 47.2% -780 -650 20.0% 2 -41 -104.9% -129 -116 11.2% -1,478 -1,195 23.7% -6 -7 -14.3% 0 0 ns -2 -1 ns -33 -36 ns -41 -44 -6.8% 948 731 29.7% 1,124 1,147 -2.0% 0 63 -100.0% 336 292 15.1% 2,408 2,233 7.8% Income tax Minority interests Net income attributable to equity holders of the parent * Principal component: Crédit Foncier February 19, 2014 Results for full-year 2013 48
  49. 49. Annex – Commercial Banking and Insurance Quarterly income statement per business line Banques Populaires In millions of euros Net banking income Operating expenses Q4-13 Q4-12 1,632 -1,051 Gross operating income % 1,507 -1,052 Q4-13 8.3% -0.1% Q4-12 1,785 -1,164 Real Estate Financing (*) % 1,743 -1,194 Insurance, International & Other networks (*) Caisses d'Epargne Q4-13 2.4% -2.5% Q4-12 199 -147 % 208 -169 Q4-13 -4.3% -13.0% Q4-12 325 -216 % 301 -212 8.0% 1.9% Commercial Banking & Insurance Q4-13 3,941 -2,578 Q4-12 3,759 -2,627 % 4.8% -1.9% 581 455 27.7% 621 549 13.1% 52 39 33.3% 109 89 22.5% 1,363 1,132 20.4% 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 Income before tax -165 424 -181 283 -8.8% 49.8% -126 492 -103 446 22.3% 10.3% -154 -88 -51 -6 ns ns -8 147 -29 102 -72.4% 44.1% -453 975 -364 825 24.5% 18.2% Income tax -162 -105 54.3% -201 -150 34.0% 24 8 ns -67 -30 123.3% -406 -277 46.6% -1 1 ns 0 0 ns 0 0 ns -12 -11 9.1% -13 -10 30.0% 261 179 45.8% 291 296 -1.7% -64 2 ns 68 61 11.5% 556 538 3.3% Cost / income ratio Cost of risk Minority interests Net income attributable to equity holders of the parent * Principal component: Crédit Foncier February 19, 2014 Results for full-year 2013 49
  50. 50. Annex – Commercial Banking and Insurance Quarterly income statement Commercial Banking & Insurance 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 3,774 3,646 3,601 3,759 14,780 3,752 3,891 3,794 3,941 15,378 Operating expenses -2,512 -2,456 -2,469 -2,627 -10,064 -2,483 -2,549 -2,493 -2,578 -10,103 1,262 1,190 1,132 1,132 4,716 1,269 1,342 1,301 1,363 5,275 66.6% 0 67.4% 0.0 68.6% 0.0 69.9% - 68.1% 0 66.2% 0.0 65.5% 0.0 65.7% 0.0 65.4% - 65.7% - -297 -494 -292 -364 -1,447 -353 -435 -333 -453 -1,574 1,010 0 750 0 887 0 825 0 3,472 0 961 0 976 0 1,015 0 975 0 3,927 0 -355 -257 -306 -277 -1,195 -327 -311 -434 -406 -1,478 Minority interests -12 0 -9 0 -13 0 -10 0 -44 0 -9 0 -8 0 -11 0 -13 0 -41 0 Net income attributable to equity holders of the parent 643 484 568 538 2,233 625 657 570 556 2,408 Gross operating income Cost / income ratio Cost of risk Income before tax Income tax February 19, 2014 Results for full-year 2013 50
  51. 51. Annex – Commercial Banking and Insurance Banque Populaire banks and Caisses d’Epargne Banques Populaires In millions of euros Q1-12 Q2-12 Q3-12 Q4-12 2012 Q1-13 Q2-13 Q3-13 Net banking income 1,571 1,468 1,487 1,507 6,033 Operating expenses -1,048 0 523 -1,039 0 429 -1,046 0 441 -1,052 0 455 66.7% 0.0 70.8% 0.0 70.3% 0.0 -174 -275 353 0 Income before tax Income tax Minority interests Net income attributable to equity holders of the parent 1,574 1,632 6,390 -4,185 0 1,848 -1,038 -1,076 -1,040 0 0 0 517 553 534 -1,051 0 581 -4,205 0 2,185 69.8% - 69.4% 0.0 66.8% 66.1% 66.1% 0.0 0.0 0.0 64.4% - 65.8% - -117 -181 -747 -159 -200 -161 -165 -685 157 0 333 0 283 0 1,126 0 363 0 359 0 379 0 424 0 1,525 0 -54 -95 -105 -388 -128 -122 -159 -162 -571 -5 0 Cost of risk 1,629 2013 -134 Gross operating income Cost / income ratio 1,555 Q4-13 -1 0 -2 0 1 0 -7 0 -2 0 0 0 -3 0 -1 0 -6 0 214 102 236 179 731 233 237 217 261 948 Caisses d'Epargne In millions of euros 1,683 Net banking income Operating expenses Gross operating income Cost / income ratio Cost of risk Income before tax Q3-12 Q4-12 2012 Q1-13 Q2-13 Q3-13 1,681 1,649 1,743 6,756 -1,128 -1,102 0 0 555 579 -1,094 0 555 -1,194 0 549 67.0% 65.6% 0.0 0.0 -95 -126 66.3% 68.5% 0.0 -117 -103 1,731 1,758 Q4-13 2013 1,723 1,785 6,997 -4,518 0 2,238 -1,133 -1,145 -1,120 0 0 0 598 613 603 -1,164 0 621 -4,562 0 2,435 66.9% 0.0 -441 65.5% 65.1% 65.0% 65.2% 65.2% 0.0 0.0 0.0 -130 -139 -134 -126 -529 460 0 Net income attributable to equity holders of the parent 438 0 446 0 1,797 0 467 0 475 0 470 0 492 0 1,904 0 -169 -165 -150 -650 -169 -177 -233 -201 -780 0 0 Minority interests 453 0 -166 Income tax February 19, 2014 Q1-12 Q2-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 294 284 273 296 1,147 298 298 237 291 1,124 Results for full-year 2013 51
  52. 52. Annex - Commercial Banking and Insurance Banque Populaire network: customer deposits & savings (in €bn) % 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 Total deposits & savings 1 ns +4.2% As of Q2-13, deposits from financial institutions are presented under the heading “Other”. The figures for previous periods have been restated accordingly February 19, 2014 Results for full-year 2013 52
  53. 53. Annex - Commercial Banking and Insurance Banque Populaire network: customer loan outstandings (in €bn) % change 2013 / 2012 Real-estate loans Consumer loans and short-term credit facilities Equipment loans Other Total loans February 19, 2014 Results for full-year 2013 +7.0% -2.5% +0.8% ns +3.5% 53
  54. 54. Annex - Commercial Banking and Insurance Caisse d’Epargne network: customer deposits & savings (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 Total deposits & savings 1 ns +3.2% As of Q2-13, deposits from financial institutions are presented under the heading “Other”. The figures for previous periods have been restated accordingly February 19, 2014 Results for full-year 2013 54
  55. 55. Annex - Commercial Banking and Insurance Caisse d’Epargne network: customer loan outstandings (in €bn) % change 2013 / 2012 Real-estate loans +9.8% Consumer loans and short-term credit facilities +4.9% Equipment loans +6.5% Other Total loans February 19, 2014 Results for full-year 2013 ns +8.4% 55
  56. 56. Annex – Commercial Banking and Insurance Real estate Financing Insurance, International and Other networks Real Estate Financing (*) * In millions of euros Net banking income Operating expenses Gross operating income Cost / income ratio Cost of risk Income before tax Income tax Minority interests Net income attributable to equity holders of the parent Q1-12 Q2-12 Q3-12 Q4-12 2012 (*) Q1-13 Q2-13 Q3-13 208 -134 0 74 Q4-13 199 -147 0 52 2013 211 -142 0 69 199 -130 0 69 190 -145 0 45 208 -169 0 39 808 -586 0 222 183 -136 0 47 187 -129 0 58 777 -546 0 231 67.3% 0.0 -3 65.3% 0.0 -50 76.3% 0.0 -28 81.3% -51 72.5% 0.0 -132 74.3% 0.0 -33 69.0% 0.0 -32 65 0 27 0 19 0 -6 0 105 0 15 0 28 0 45 0 -88 0 -24 -8 -17 8 -41 -4 -1 -17 24 2 0 0 -1 0 0 0 0 0 -1 0 0 0 -1 0 -1 0 0 0 -2 0 41 18 2 2 63 11 26 27 -64 0 64.4% 73.9% 70.3% 0.0 -31 -154 -250 0 0 Insurance, International & Other networks In millions of euros Net banking income Operating expenses Q1-12 Q2-12 Q3-12 Q4-12 2012 Q1-13 Q2-13 Q3-13 Q4-13 2013 309 -194 298 -185 275 -184 301 -212 1,183 -775 283 -176 317 -199 289 -199 325 -216 1,214 -790 115 113 91 89 408 107 118 90 109 424 62.8% 0.0 62.1% 0.0 66.9% 0.0 70.4% - 65.5% 0.0 62.2% 0.0 62.8% 0.0 68.9% 0.0 66.5% - 65.1% - Cost of risk -25 -43 -30 -29 -127 -31 -64 -7 -8 -110 Income before tax 132 0 113 0 97 0 102 0 444 0 116 0 114 0 121 0 147 0 498 0 Income tax -31 -26 -29 -30 -116 -26 -11 -25 -67 -129 Minority interests -7 0 -7 0 -11 0 -11 0 -36 0 -7 0 -7 0 -7 0 -12 0 -33 0 Net income attributable to equity holders of the parent 94 80 57 61 292 83 96 89 68 336 Gross operating income Cost / income ratio * Principal component: Crédit Foncier February 19, 2014 Results for full-year 2013 56
  57. 57. Annex – Wholesale Banking, Investment Solutions and SFS Annual income statement per business line Wholesale Banking Q3-13 Investment Solutions Specialized Financial Services Q3-12 In millions of euros 2013 2012 % 2013 2012 % 2013 2012 % Wholesale Banking, Investment Solutions & Specialized Financial Services 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% 1,210 1,117 597 537 402 2,056 73.6% 74.0% 65.5% 66.3% 9.2% -0.8 pt 2,246 60.6% 11.2% -0.4 pt 439 57.8% 8.3% -2.8 pts 64.9% 66.3% 9.2% -1.4 pt -312 -265 17.7% 12 0 ns -80 -76 5.3% -380 -341 11.4% 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% 415 0.0 394 0.0 5.3% 332 0.0 284 0.0 16.9% 167 0.0 151 0.0 10.6% 914 0.0 829 0.0 10.3% Gross operating income Cost / income ratio Cost of risk Income before tax Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 57
  58. 58. Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement per business line Q3-13 Q3-12 In millions of euros Wholesale Banking Q4-13 Q4-12 Investment Solutions % Q4-13 Q4-12 Specialized Financial Services % Q4-13 Q4-12 % Wholesale Banking, Investment Solutions & Specialized Financial Services 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% 255 239 6.7% 184 171 7.6% 106 101 5.0% 545 511 6.7% 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 x7 -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% Net income attributable to equity holders of the parent 78 0.0 71 0.0 9.9% 110 0.0 81 0.0 35.8% 37 0.0 37 0.0 0.0% 225 0.0 189 0.0 19.0% Gross operating income Cost / income ratio February 19, 2014 Results for full-year 2013 58
  59. 59. Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement per business line Wholesale Banking, Investment Solutions & Specialized Financial Services 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 1,560 1,510 1,450 1,573 6,093 1,620 1,565 1,597 Operating expenses -993 -1,003 -979 -1,062 -4,037 -1,025 -1,034 567 507 471 511 2,056 595 531 -1,022 0 575 -1,071 -4,152 0 0 545 2,246 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 before tax 515 0 425 0 381 0 409 0 1,730 0 500 0 442 0 484 0 458 0 1,884 0 Income tax -167 -126 -124 -123 -540 -165 -137 -161 -143 -606 Minority interests -101 0 -92 0 -71 0 -97 0 -361 0 -93 0 -87 0 -94 0 -90 0 -364 0 247 207 186 189 829 242 218 229 225 914 Gross operating income Cost / income ratio Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 1,616 6,398 59
  60. 60. Annex – Wholesale Banking Quarterly income statement Wholesale Banking 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 762 702 688 684 2,836 798 679 739 Operating expenses -431 0 331 -433 0 269 -410 0 278 -445 0 239 -1,719 0 1,117 -432 0 366 -413 0 266 -416 0 323 -396 -1,657 0 0 255 1,210 56.6% 0 61.7% 59.6% 65.1% 60.6% 54.1% 60.8% 56.3% 0 60.8% 57.8% 0 0 Cost of risk -36 -65 -79 -85 -265 -82 -72 -71 -87 -312 Income before tax 295 0 204 0 199 0 154 0 852 0 284 0 194 0 253 0 168 0 899 0 Gross operating income Cost / income ratio Income tax 651 2,867 -106 -74 -71 -55 -306 -102 -70 -91 -60 -323 Minority interests -52 0 -37 0 -35 0 -28 0 -152 0 -50 0 -35 0 -46 0 -30 0 -161 0 Net income attributable to equity holders of the parent 137 93 93 71 394 132 89 116 78 415 February 19, 2014 Results for full-year 2013 60
  61. 61. Annex – Investment Solutions Quarterly income statement Investment Solutions 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 511 494 478 582 2,065 513 557 549 640 2,259 Operating expenses -371 0 140 -372 0 122 -374 0 104 -411 0 171 -1,528 0 537 -388 0 125 -415 0 142 -403 0 146 -456 0 184 -1,662 0 597 72.6% - 75.3% - 78.2% - 70.6% - 74.0% - 75.6% - 74.5% - 73.4% - 71.3% - 73.6% - 0 -3 1 2 0 1 -1 -2 14 12 Income before tax 145 0 123 0 108 0 176 0 552 0 130 0 145 0 146 0 206 0 627 0 Income tax -33 -24 -26 -40 -123 -31 -37 -39 -52 -159 Minority interests -34 0 -36 0 -20 0 -55 0 -145 0 -27 0 -32 0 -33 0 -44 0 -136 0 78 63 62 81 284 72 76 74 110 332 Gross operating income Cost / income ratio Cost of risk Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 61
  62. 62. Annex – Specialized Financial Services Quarterly income statement Specialized Financial Services 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 287 314 284 307 1,192 309 329 309 325 1,272 Operating expenses -191 0 96 -198 0 116 -195 0 89 -206 0 101 -790 0 402 -205 0 104 -206 0 123 -203 0 106 -219 0 106 -833 0 439 66.6% - 63.1% - 68.7% - 67.1% - 66.3% - 66.3% - 62.6% - 65.7% - 67.4% - 65.5% - -21 0 -18 0 -15 0 -22 0 -76 0 -18 0 -20 0 -21 0 -21 0 -80 0 75 0 98 0 74 0 79 0 326 0 86 0 103 0 85 0 84 0 358 0 Income tax -28 -28 -27 -28 -111 -32 -30 -31 -31 -124 Minority interests -15 0 -19 0 -16 0 -14 0 -64 0 -16 0 -20 0 -15 0 -16 0 -67 0 32 51 31 37 151 38 53 39 37 167 Gross operating income Cost / income ratio Cost of risk Income before tax Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 62
  63. 63. Annex – Equity interests Quarterly income statement Equity interests 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 424 430 412 445 1,711 396 425 382 Operating expenses -360 -336 -344 -356 -1,396 -343 -345 64 0 -3 94 68 89 315 53 80 -330 0 52 0 -2 -2 2 -5 -1 4 -4 62 95 67 61 285 56 86 47 0 44 0 233 0 Income tax -22 -34 -25 -57 -138 -23 -36 -22 -25 -106 Minority interests -17 0 -28 0 -21 0 -15 0 -81 0 -16 0 -23 0 -16 0 -27 0 -82 0 23 0 33 0.0 21 0.0 -11 0.0 66 0 17 0.0 27 0.0 9 0.0 -8 0.0 45 0.0 Gross operating income Cost of risk Income before tax Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 450 1,653 -377 -1,395 0 0 73 258 0 0 3 2 63
  64. 64. Annex – Workout portfolio management and “Other businesses” Annual income statement Workout portfolio management In millions of euros 2013 2012 Other businesses 2013 2012 Workout portfolio management & Other businesses 2013 2012 Net banking income Operating expenses 189 -89 350 -127 -792 -396 -988 -311 -603 -485 -638 -438 Gross operating income 100 223 -1,188 -1,299 -1,088 -1,076 Cost of risk Income before tax -71 29 -262 -45 -19 -1,184 -144 -1,699 -90 -1,155 -406 -1,744 Income tax Minority interests -14 1 15 9 305 165 492 247 291 166 507 256 16 -21 -714 -960 -698 -981 Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 64
  65. 65. Annex – Workout portfolio management and “Other businesses” Quarterly income statement Workout portfolio management In millions of euros Net banking income Operating expenses Other businesses Q4-13 Q4-13 Q4-12 Q4-12 Workout portfolio management & Other businesses Q4-13 Q4-12 77 -19 159 -25 -250 -211 -424 -87 -173 -230 -265 -112 Gross operating income 58 134 -461 -511 -403 -377 Cost of risk Income before tax -6 52 -170 -36 -15 -476 -7 -769 -21 -424 -177 -805 -22 -4 12 -5 154 56 178 79 132 52 190 74 26 -29 -266 -512 -240 -541 Income tax Minority interests Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 65
  66. 66. Annex – Workout portfolio management and “Other businesses” Quarterly income statement Workout portfolio management & Other businesses 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 -308 85 -150 -265 -638 -89 -153 -188 -173 Operating expenses Gross operating income -88 0 -396 0 -104 0 -19 0 -134 0 -284 0 -112 0 -377 0 -438 0 -1,076 0 -93 0 -182 0 -95 0 -248 0 -67 0 -255 0 -230 -485 0 0 -403 -1,088 0 0 Cost of risk -103 -66 -60 -177 -406 -32 -9 -28 Income before tax -506 -83 -350 -805 -1,744 -213 -236 -282 164 9 144 190 507 59 87 13 132 291 94 0 18 0 70 0 74 0 256 0 24 0 30 0 60 0 52 0 166 0 -248 -56 -136 -541 -981 -130 -119 -209 -240 -698 Income tax Minority interests Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 -21 -603 -90 -424 -1,155 66
  67. 67. Annex – Workout portfolio management Quarterly income statement Workout portfolio management 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 22 71 98 159 350 60 24 28 77 189 Operating expenses Gross operating income -31 0 -9 0 -41 0 30 -30 0 68 -25 0 134 -127 0 223 -23 0 37 -24 0 0 -23 0 5 0 -19 0 58 0 -89 0 100 0 Cost of risk -40 0 -31 0 -21 0 -170 0 -262 0 -24 0 -17 0 -24 0 -6 0 -71 0 Income before tax -49 0 -1 41 -36 -45 13 -17 -19 0 52 0 29 0 Income tax 18 1 -16 12 15 -5 7 6 -22 -14 Minority interests 12 0 8 0 -6 0 -5 0 9 0 -3 0 3 0 5 0 -4 0 1 0 -19 8 19 -29 -21 5 -7 -8 26 16 Net income attributable to equity holders of the parent February 19, 2014 Results for full-year 2013 67
  68. 68. Annex – “Other businesses” Quarterly income statement Other businesses 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 -330 14 -248 -424 -988 -149 -177 -216 -250 Operating expenses -57 0 -387 0 -63 0 -49 0 -104 0 -352 0 -87 0 -511 0 -311 0 -1,299 0 -70 0 -219 0 -71 0 -248 0 -44 0 -260 0 -211 -396 0 0 -461 -1,188 0 0 Gross operating income Cost of risk Income before tax Income tax Minority interests Net income attributable to equity holders of the parent -15 -792 -63 -35 -39 -7 -144 -8 8 -4 -457 0 -82 0 -391 0 -769 0 -1,699 0 -226 0 -219 0 -263 0 -19 146 8 160 178 492 64 80 7 154 305 82 0 10 0 76 0 79 0 247 0 27 0 27 0 55 0 56 0 165 0 -229 -64 -155 -512 -960 -135 -112 -201 -266 -714 -476 -1,184 0 0 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 February 19, 2014 Results for full-year 2013 68
  69. 69. Annex – Risks Groupe BPCE: non-performing loans and impairment Dec. 31, 2013 in millions of euros Dec. 31, 2012 Dec. 31, 2011 590,704 586,479 583,062 23,330 21,921 20,255 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% Gross outstanding customer loans O/w non-performing loans Non-performing / gross outstanding loans 1 Including collective impairment February 19, 2014 Results for full-year 2013 69
  70. 70. Annex - Risks Networks: non-performing loans and impairment Banque Populaire banks Dec. 31, 2013 in millions of euros Dec. 31, 2012 Dec. 31, 2011 170,601 165,115 160,048 8,500 8,227 7,738 Non-performing/gross outstanding loans 5.0% 5.0% 4.8% Impairment recognized1 5,066 4,899 4,629 Impairment recognized/non-performing loans 59.6% 59.5% 59.8% Cover rate including guarantees related to impaired outstandings 74.9% 73.6% 73.2% Gross outstanding customer loans O/w non-performing loans Caisses d’Epargne Dec. 31, 2013 in millions of euros Dec. 31, 2012 Dec. 31, 2011 203,189 187,266 173,211 4,351 3,814 3,438 Non-performing/gross outstanding loans 2.1% 2.0% 2.0% Impairment recognized1 2,440 2,250 2,013 Impairment recognized/non-performing loans 56.1% 59.0% 58.6% Cover rate including guarantees related to impaired outstandings 76.4% 75.9% 78.1% Gross outstanding customer loans O/w non-performing loans 1 Including collective impairment February 19, 2014 Results for full-year 2013 70
  71. 71. Annex – Risks Breakdown of commitments as at December 31, 2013 Breakdown of commitments by counterparty Breakdown of commitments to Corporates and Professionals by industrial sector €1,003bn 1 of which 12% in France February 19, 2014 Results for full-year 2013 71
  72. 72. Annex - Risks Geographical breakdown of commitments as at December 31, 2013 Institutions Sovereigns February 19, 2014 Results for full-year 2013 Corporates 72
  73. 73. Annex – Risks Detailed exposure as of December 31, 2013 Risk-weighted assets under Basel 3 Guaranteed portfolios (Financial Guarantee & TRS) Notional in €bn Type of asset (nature of portfolio) Net Value in €bn Discount rate ABS CDOs 0.7 0.1 80% 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 RWA before guarantee in €bn 7.6 8.3 Other non-guaranteed portfolios RWA Dec. 31, 2013 in €bn Type of asset (type of portfolio) 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 1 Value at risk 2 Figures as at October 31, 2013 February 19, 2014 Results for full-year 2013 73
  74. 74. Annex - Risks Exposure to the sovereign debts of peripheral European countries Net direct exposure of credit institutions in the banking portfolio1 (in €m) Net exposures of insurance companies2 (in €m) 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 1 February 19, 2014 Results for full-year 2013 74
  75. 75. Annex – Risks Exposure to European sovereign risks1 (in €m) as at December 31, 2013 based on the model drawn up by the EBA2 In millions of euros EEA 30 Gross direct exposure at December 31, 2013 Net direct exposure, excluding derivatives, at December 31, 2013 Direct sovereign exposure in derivatives at December 31, 2013 Indirect sovereign exposure in the trading book at December 31, 2013 of which banking book Austria Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Italy Latvia Liechtenstein Lithuania Luxembourg Malta Netherlands Norway Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom TOTAL EEA 30 of which trading book Net position at fair values Net direct exposure, excluding derivatives, at December 31, 2012 Net position at fair values of which banking book 645 1,976 0 52 48 96 0 34 49,957 4,554 19 105 152 191 10,196 0 0 18 10 0 1,589 0 406 66 0 113 217 1,100 1 0 213 1,651 0 52 48 96 0 29 34,564 -4,844 19 90 152 191 4,147 0 0 18 10 0 941 0 378 66 0 113 217 22 1 0 306 1,102 0 52 48 91 0 0 39,212 109 19 36 0 190 3,579 0 0 0 10 0 556 0 366 55 0 113 217 24 0 0 -93 549 0 0 0 5 0 29 -4,648 -4,953 0 54 152 1 567 0 0 18 0 0 385 0 13 11 0 -1 0 -2 1 0 -59 35 0 0 0 -28 0 -11 -624 818 0 -18 0 0 17 -2 0 -50 0 0 -213 3 0 0 0 0 0 -6 0 0 0 87 0 0 0 0 0 0 -87 0 0 -15 20 0 8 0 0 68 0 0 0 0 -2 0 0 0 0 0 0 0 424 1,348 0 60 93 98 0 -103 32,802 -789 13 54 0 176 4,018 0 0 33 0 0 75 0 492 132 0 247 259 216 0 0 273 1,300 0 60 93 94 0 0 36,206 379 13 44 0 176 3,715 0 0 0 0 0 3 0 494 59 0 247 259 27 0 0 71,547 38,173 46,086 -7,914 -138 80 39,649 43,442 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 1 February 19, 2014 Results for full-year 2013 75
  76. 76. Annex - Risks Exposure1 to countries subject to a rescue plan (in €bn) at December 31, 2013 in billions of euros Sovereign debt Corporates Total banking portfolio Dec. 31, 2013 Other Total banking portfolio Dec. 31, 2012 Cyprus 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 1 0.1 0.1 0.5 1.6 2.2 2.6 Exposures calculated according to the methodology defined by the EBA (European Banking Agency) in July 2011 (gross balance sheet and off-balance sheet EAD) February 19, 2014 Results for full-year 2013 76
  77. 77. 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 February 19, 2014 Results for full-year 2013 77
  78. 78. Annex - Groupe BPCE FSF report at December 31, 2013 Summary of sensitive exposures Groupe BPCE (excl. Natixis) in millions of euros Net exposure CDOs of ABS (Asset-backed Securities) US residential market Total Sept. 30, 2013 Monolines: residual exposure after value adjustments CDPC (Credit Derivative Product Companies): exposure after value adjustments Results for full-year 2013 91 98 736 1,745 1,955 0 36 192 331 277 463 1,496 Total net exposure Unhedged exposure 91 192 295 Net exposure CMBS RMBS (Spain, US and the UK) 0 1,009 Net exposure Other at-risk CDOs February 19, 2014 Total Dec. 31, 2013 Natixis 863 2,359 2,793 0 295 295 311 0 6 6 56 78
  79. 79. Annex - Sensitive exposures (excluding Natixis) Other CDOs (unhedged) Net exposure Sept. 30, 2013 in millions of euros 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 69 925 -26 2 901 916 1,019 -22 12 1,009 1,069 Portfolio of loans and receivables TOTAL Breakdown of residual exposure by type of product February 19, 2014 Breakdown of residual exposure by rating Results for full-year 2013 79
  80. 80. Annex - Sensitive exposures (excluding Natixis) CMBS Net exposure Sept. 30, 2013 in millions of euros Change in value Q4-13 Other changes Q4-13 Net exposure Dec. 31, 2013 Gross exposure Dec. 31, 2013 1 0 0 1 1 35 -4 0 31 31 Portfolio of loans and receivables 190 -30 0 160 248 TOTAL 226 -34 0 192 280 Portfolio at fair value through profit or loss Portfolio at fair value through shareholders’ equity Breakdown of residual exposure by geographical region February 19, 2014 Breakdown of residual exposure by rating Results for full-year 2013 80
  81. 81. Annex - Sensitive exposures (excluding Natixis) RMBS Net exposure Sept. 30, 2013 UK RMBS portfolio in millions of euros Change in value Q4-13 Net exposure Dec. 31, 2013 Other changes Q4-13 Gross exposure Dec. 31, 2013 Portfolio at fair value through shareholders' equity Portfolio of loans and receivables TOTAL Spanish RMBS portfolio in millions of euros Portfolio at fair value through profit or loss 0 0 0 0 146 -3 -7 136 138 10 -1 0 9 9 -4 -7 145 94% 0 156 Portfolio at fair value through profit or loss Breakdown of residual exposure by rating 147 Net exposure Sept. 30, 2013 Change in value Q4-13 146 Net exposure Dec. 31, 2013 Other changes Q4-13 Gross exposure Dec. 31, 2013 -1 0 145 0 2 2 6% Portfolio at fair value through shareholders' equity 2 Portfolio of loans and receivables 3 0 0 3 3 151 -1 0 150 AA and AA- Breakdown of residual exposure by rating 161 0 AAA AA-, A and A- 166 TOTAL  - 56% 44% BBB + and < Groupe BPCE (excluding Natixis) does not have any exposure to RMBS in the United States February 19, 2014 Results for full-year 2013 81
  82. 82. Annex - Sensitive exposures (excluding Natixis) Protections acquired 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 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 in millions of euros  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 February 19, 2014 Results for full-year 2013 82
  83. 83. Annex - Groupe BPCE, a socially responsible corporate citizen Monitoring the Group’s CSR indicators 2013/2012  > > >  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 Groupe BPCE, a major force in recruitment Real commitment to gender equality A socially responsible – and socially committed – purchasing policy 36% 33% €0.8bn €0.7bn 3,418 3,992 Number of recruits on work-study contracts 2,285 2,169 37% 36% 350 317 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% €13.4bn €13.9bn €1.4bn €0.9bn + 13,000 microloans for €91m + 12,000 microloans for €85m Total amount of loans providing support for the social economy granted in 2013 Percentage of female managerial staff on permanent contracts FTE in disability-friendly companies Environment > Providing funding for energy transition • • >  Sensitive urban areas served by the Group or close to Banque Populaire or Caisse d’Epargne branches 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 solidaritybased 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 February 19, 2014 2012 Number of new recruits on permanent contracts 1 Human Resources > > >  2013 Economy Results for full-year 2013 ELENA-KFW European pilot program designed to improve the distribution of eco-loans working in liaison with local authorities Assets under SRI and solidarity-based management in France Solidarity-based employee savings deposits Number of microloans under management and their aggregate amount 1 Including work-study contracts 83
  84. 84. February 19, 2014 Results for full-year 2013 84

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