Natixis — Groupe BPCE — FY2013 Earnings Presentation
84 slides from Natixis's earnings presentation, Feb 19, 2014
Slide 1: Results for full-year 2013
February 19, 2014 Results for full-year 2013
Slide 2: Disclaimer
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 event
Slide 3: Robust Groupe BPCE performance in 2013 with moderate risk profile
Robust Groupe BPCE performance in 2013 with continuing moderate risk profile and major gains in capital adequacy Revenues from the core business lines: €21.6bn1, +4.6% vs. 2012 Very strong Commercial Banking and Insurance: revenues of €15.2bn, +3.9%2 vs. 2012, a commercial remarkable achievement
Slide 4: Contents
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
Slide 5: Groupe BPCE full-year 2013 results
1. Groupe BPCE full-year 2013 results Net income attributable to equity holders of the parent1: +26.2%, to €2.9bn Pro forma results 2013 / Core 2013 / In millions of euros 2012 business 2012 2013 lines2 % change % change 2013 Net banking income 1 23,080 3.3% 21,629 4.6% Operating expenses -16,135 1.
Slide 6: Groupe BPCE Q4-13 results
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 / Core Q4-13 / In millions of euros Q4-12 business Q4-12 Q4-13 lines2 % change % change Q4-13 Net banking income 1 5,968 5.4% 5,54
Slide 7: Revenue and cost synergies ahead of targets
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 Revenue synergies additional net banking income generated) Cumulative target of €810m End-2009 €891m realized at end-December 2013 23% > Special
Slide 8: Moderate risk profile: average annual cost of risk 35 bp
1. Results of Groupe BPCE Moderate risk profile: average annual cost of risk stands at 35 bp (-2 bp vs. 2012) Cost of risk in pb1 Commercial Banking and Insurance > Average annual cost of risk remains stable: 32 bp Commercial Banking and Insurance (+1 bp vs. 2012) 31 32 31 36 37 27 29 27 > Sharp i
Slide 9: GAPC: €5.4bn in assets divested in 2013
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 m
Slide 10: Contents
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
Slide 11: Sharp increase in capital adequacy: CET1 at 10.4%
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 Retained earnings Issue of cooperative shares Change in activity Common Equity under
Slide 12: Enhanced customer loan-to-deposit ratio
2. Capital adequacy and liquidity Enhanced customer loan-to-deposit ratio Group customer loan-to-deposit ratio1 Change in method2 Group customer loan-to-deposit ratio1: 124% at Dec. 31, 2013, -4 pts vs. Dec. 31, 147% 138% 2012 132% > Strong growth in on-balance sheet deposits and 124% savings in t
Slide 13: 2014 issuance program and 100% LCR target
2. Capital adequacy and liquidity 2014 issuance program placing greater emphasis on diversification, helping to reach the target of 100% LCR in early 2015 MLT funding plan completed at Dec. 31, 2013 Favorable market conditions in 2013: €32.2bn1 raised in MLT funding (153% of the program) Covered b
Slide 14: Contents
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
Slide 15: Commercial Banking and Insurance
3. Results of the business lines Commercial Banking and Insurance Pro forma results 2013 / Q4-13 / 2013 2012 Q4-13 Q4-12 In millions of euros % change % change Net banking income 15,231 4.5% 3,925 5.7% Excluding changes in provisions for home 15,219 3.9% 3,925 4.6% purchase savings schemes Banques P
Slide 16: Commercial Banking and Insurance
3. Results of the business lines Commercial Banking and Insurance Unless specified to the contrary, all changes are vs. 2012 On-balance sheet deposits and savings1 & loan outstandings (in €bn) +40% +37% Strong commercial dynamics in the BP and CE retail networks 315 345 367 > Continued strong grow
Slide 17: Results of the Banque Populaire banks
3. Results of the Banque Populaire banks Unless specified to the contrary, all changes are vs. 2012 Customer base: record-breaking new clients Deposits and savings1 & loan outstandings > +96,000 individual customers and +10,000 professional (in €bn) customers in 2013 > Continued intensification of
Slide 18: Results of the Caisses d'Epargne
3. Results of the Caisses d’Epargne Unless specified to the contrary, all changes are vs. 2012 Customer base: strong growth among priority Deposits and savings1 & loan outstandings targets (in €bn) > Individual customers using banking services: +3.7% 300 > Active professional customers (+4.8%) and
Slide 19: Real estate Financing
3. Results of the business lines Real estate Financing1 Unless specified to the contrary, all changes are vs. 2012 Loan outstandings2 (in €bn) Activity: outstanding commercial performance in 2013 > Individual customers: new loan production +17.8% 116.6 112.0 106.1 to €7.6bn; extremely strong comme
Slide 20: Accelerated transformation of Crédit Foncier
3. Results of the business lines Accelerated transformation of Crédit Foncier Disposal of international assets and net impact Discontinuation and winding-up of Crédit on net banking income1 (in €bn) Foncier’s international activities: accelerated asset disposal policy in 2013 International Public
Slide 21: Insurance, International and Other networks
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 2013/ > Life insurance: revenues driven by Private Banking in billions of euros 2013 2012 2012 > Non-Life and Provident ins
Slide 22: Core business lines of Natixis
3. Results of the business lines Core business lines of Natixis: Wholesale Banking, Investment Solutions, Specialized Financial Services (SFS) Pro forma results 2013 / Q4-13 / 2013 2012 Q4-13 Q4-12 In millions of euros % change % change Net banking income 6,398 5.0% 1,616 2.7% Wholesale Banking 2,86
Slide 23: Wholesale Banking
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 Change in net revenues (in €m) Commercial Banking 1,395 1,435 >
Slide 24: Investment Solutions
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 As
Slide 25: SFS: strong revenue growth in Q4-13
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 Change in Chèque de Employee benefit Table® market share, Employee benefit schemes schemes: A
Slide 26: Equity interests
3. Equity interests1 Pro forma results 2013 / Q4-13 / 2013 2012 Q4-13 Q4-12 In millions of euros % change % change Net banking income 1,653 -3.4% 450 1.0% Operating expenses -1,395 -0.1% -377 6.0% Gross operating income 258 -18.1% 73 -19.0% Cost of risk 2 ns 3 ns Income before tax 232 -18.4% 42 -30.
Slide 27: Equity interests: Coface and Nexity
3. Equity interests Unless specified to the contrary, all changes are vs. 2012 Coface Insurance turnover (in €m) Insurance turnover virtually stable in 2013 +4% vs. 2012 despite the difficult economic environment in Europe Extremely dynamic commercial activity in Q4-13 Efficient risk managemen
Slide 28: Contents
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
Slide 29: Leading banks for one-to-one and online relations
4. Let's create leading banks for one-to-one and online relations Monthly visits to the websites Innovation at the service of our customers (in millions of visits) > The Caisse d’Epargne digital safety deposit box, a service facilitating the automatic storage of documents adopted by 250,000 custom
Slide 30: Fully-fledged bancassurance specialist
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 Life insurance – Business activity indicators2 vs. +6% for the wider mark
Slide 31: Core business lines of Natixis: building strong momentum
4. Core business lines of Natixis: building strong momentum Top asset gatherers (US long-term funds) Asset management: 2013, a record- breaking year YTD Dec - in $m YTD Dec - in $m > Record net inflows of +€20bn (excl. money market 1. Vanguard 74,608 6. Goldman Sachs 14,220 funds), including $12.8
Slide 32: Contents
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
Slide 33: Conclusion
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 Subst
Slide 34: Annexes
Results for full-year 2013 Annexes
Slide 35: Annexes
Annexes Groupe BPCE Wholesale Banking, Investment Solutions > Organizational structure of Groupe BPCE and SFS > Income statement: reconciliation of pro-forma > Income statement consolidated data to published consolidated data Equity interests > Income statement > Income statement > Income stat
Slide 36: Organizational structure of Groupe BPCE
Annex - Groupe BPCE Organizational structure of Groupe BPCE February 19, 2014 Results for full-year 2013 36
Slide 37: Income statement reconciliation 2013
Annex - Groupe BPCE Income statement: reconciliation of pro-forma consolidated data to published consolidated data 2013 Wholesale Banking, Investment Groupe BPCE Commercial Banking & Insurance Solutions & Specialized Equity Interests Workout portfolio management Other businesses Financial Services I
Slide 38: Income statement reconciliation Q4-13
Annex - Groupe BPCE Income statement: reconciliation of pro-forma consolidated data to published consolidated data Q4-13 Wholesale Banking, Investment Commercial Banking & Groupe BPCE Solutions & Specialized Equity Interests Workout portfolio management Other businesses Insurance Financial Services
Slide 39: Annual income statement per business line
Annex - Groupe BPCE Annual income statement per business line Wholesale Banking, Commercial Investment Workout portfolio Banking & Solutions & Total core businesses Equity interests management & Groupe BPCE Insurance Specialized Financial Other businesses Services In millions of euros 2013 2012 2013
Slide 40: Quarterly income statement per business line
Annex - Groupe BPCE Quarterly income statement per business line Wholesale Banking, Commercial Workout portfolio Investment Solutions Banking & Total core businesses Equity interests management & Groupe BPCE & Specialized Insurance Other businesses Financial Services In millions of euros Q4-13 Q4-12
Slide 41: Quarterly income statement
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 -3,899 0 -3,926 0 -4,157 0 -15,935 0 -3,944 0 -4,023
Slide 42: Consolidated balance sheet
Annex - Groupe BPCE Consolidated balance sheet ASSETS in €m Dec. 31, 2013 Dec. 31, 2012 LIABILITIES in €m Dec. 31, 2013 Dec. 31, 2012 C ash and amounts due from central banks 60,410 53,792 Amounts due to central banks 0 0 Financial assets at fair value through profit or loss 206,072 214,991 Financia
Slide 43: Goodwill
Annex - Groupe BPCE Goodwill Dec. 31, Acquisitions Other Dec. 31, in millions of euros Impairment Conversion 2012 /Disposals movements 2013 Commercial Banking 909 -4 -1 904 and Insurance entities Natixis 2,634 -11 -12 -53 -3 2,555 Equity interests 706 3 709 TOTAL 4,249 -8 -16 -54 -3 4,168 Goodwill a
Slide 44: Statement of changes in shareholders' equity
Annex – Financial structure Statement of changes in shareholders’ equity Equity attributable to in millions of euros equity holders of the parent December 31, 2012 50,554 Impact of change in IAS 19R standard on pensions -175 January 1st, 2013 50,379 Distributions -481 Capital increase (cooperative s
Slide 45: Reconciliation of shareholders' equity to Tier-1 capital
Annex – Financial structure Reconciliation of shareholders’ equity to Tier-1 capital under Basel 2.5 in billions of euros -4.5 +5.8 -5.2 -3.6 +5.3 -1.8 51.3 47.3 43.8 42.0 Equity attributable Cancellation of Minority interests² Goodwill & Other Total Equity Core Deductions Total Core T1 Deeply Total
Slide 46: Prudential ratios under Basel 2.5 and credit ratings
Annex – Financial structure Prudential ratios under Basel 2.5 and credit ratings Dec. 31, Dec. 31, Dec. 31, 20131 2012 20112 Total risk-weighted €369bn €381bn €388bn assets 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 ra
Slide 47: Risk-weighted assets under Basel 2.5
Annex – Financial structure Risk-weighted assets under Basel 2.5 Breakdown of risk-weighted assets Dec. 31, Dec. 31, Dec. 31, 20131 2012 20112 Credit risk €315bn €323bn €335bn Market risk €16bn €19bn €17bn Operational risk €38bn €39bn €36bn Total risk-weighted €369bn €381bn €388bn assets Breakdown o
Slide 48: Commercial Banking and Insurance annual income statement
Annex – Commercial Banking and Insurance Annual income statement per business line Insurance, International & Other Banques Populaires Caisses d'Epargne Real Estate Financing (*) Commercial Banking & Insurance networks In millions of euros 2013 2012 % 2013 2012 % 2013 2012 % 2013 2012 % 2013 2012 %
Slide 49: Commercial Banking and Insurance quarterly income statement
Annex – Commercial Banking and Insurance Quarterly income statement per business line (*) Insurance, International & Other Banques Populaires Caisses d'Epargne Real Estate Financing (*) Commercial Banking & Insurance networks In millions of euros Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12 % Q4-13 Q4-12
Slide 50: Commercial Banking and Insurance quarterly income statement
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 -2,4
Slide 51: Banque Populaire banks and Caisses d'Epargne
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 Q4-13 2013 Net banking income 1,571 1,468 1,487 1,507 6,033 1,555 1,629 1,574 1,632 6,390 Operating expenses -1,048 0 -1,039 0
Slide 52: Banque Populaire network: deposits & savings
Annex - Commercial Banking and Insurance Banque Populaire network: customer deposits & savings (in €bn) % change 2013 / 2012 Demand deposits +6.5% Passbook savings +6.1% accounts Regulated home +2.2% savings plans Term accounts, PEP +8.9% Mutual funds -7.7% Employee savings +2.7% Life insurance +3.2
Slide 53: Banque Populaire network: loan outstandings
Annex - Commercial Banking and Insurance Banque Populaire network: customer loan outstandings (in €bn) % change 2013 / 2012 Real-estate loans +7.0% Consumer loans and -2.5% short-term credit facilities Equipment loans +0.8% Other ns Total loans +3.5% February 19, 2014 Results for full-year 2013 53
Slide 54: Caisse d'Epargne network: deposits & savings
Annex - Commercial Banking and Insurance Caisse d’Epargne network: customer deposits & savings (in €bn) % change 2013 / 2012 Demand deposits +15.0% Passbook savings -0.8% accounts Regulated home +7.5% savings plans Term accounts, PEP & +22.2% miscellaneous BPCE bonds placed in +1.9% the CE network M
Slide 55: Caisse d'Epargne network: loan outstandings
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 +4.9% short-term credit facilities Equipment loans +6.5% Other ns Total loans +8.4% February 19, 2014 Results for full-year 2013 55
Slide 56: Real estate Financing; Insurance, International and Other networks
Annex – Commercial Banking and Insurance Real estate Financing Insurance, International and Other networks Real Estate Financing (*) * (*) 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 211 199 190 208 808 183 187 208 199 777 Operating expenses -142
Slide 57: Annual income statement per business line
Annex – Wholesale Banking, Investment Solutions and SFS Annual income statement per business line Wholesale Banking, Investment Q3-13 Wholesale Banking Investment Solutions Specialized Financial Services Solutions & Specialized Q3-12 Financial Services In millions of euros 2013 2012 % 2013 2012 % 20
Slide 58: Quarterly income statement per business line
Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement per business line Wholesale Banking, Investment Q3-13 Wholesale Banking Investment Solutions Specialized Financial Services Solutions & Specialized Q3-12 Financial Services In millions of euros Q4-13 Q4-12 % Q4-13 Q4-
Slide 59: Quarterly income statement per business line
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 6,09
Slide 60: Wholesale Banking quarterly income statement
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 2,836 798 679 739 651 2,867 Operating expenses -431 0 -433 0 -410 0 -445 0 -1,719 0 -432 0 -413 0 -416 0 -396 0 -1,
Slide 61: Investment Solutions quarterly income statement
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 -372 0 -374 0 -411 0 -1,528 0 -388 0 -415 0 -403 0 -456
Slide 62: Specialized Financial Services quarterly income statement
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 -198 0 -195 0 -206 0 -790 0 -205 0
Slide 63: Equity interests quarterly income statement
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 1,711 396 425 382 450 1,653 Operating expenses -360 -336 -344 -356 -1,396 -343 -345 -330 0 -377 0 -1,395 0 Gross oper
Slide 64: Workout portfolio management and Other businesses annual
Annex – Workout portfolio management and “Other businesses” Annual income statement Workout portfolio Workout portfolio Other businesses management & Other management businesses In millions of euros 2013 2012 2013 2012 2013 2012 Net banking income 189 350 -792 -988 -603 -638 Operating expenses -89 -
Slide 65: Workout portfolio management and Other businesses quarterly
Annex – Workout portfolio management and “Other businesses” Quarterly income statement Workout portfolio Workout portfolio Other businesses management & Other management businesses In millions of euros Q4-13 Q4-12 Q4-13 Q4-12 Q4-13 Q4-12 Net banking income 77 159 -250 -424 -173 -265 Operating expens
Slide 66: Workout portfolio management and Other businesses quarterly
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 -603 Operating expenses -
Slide 67: Workout portfolio management quarterly income statement
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 -31 0 -41 0 -30 0 -25 0 -127 0 -23 0 -24 0 -23 0 -19 0 -8
Slide 68: Other businesses quarterly income statement
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 -792 Operating expenses -57 0 -63 0 -104 0 -87 0 -311 0 -70 0 -71 0 -44 0 -211 0 -396 0
Slide 69: Non-performing loans and impairment
Annex – Risks Groupe BPCE: non-performing loans and impairment in millions of euros Dec. 31, 2013 Dec. 31, 2012 Dec. 31, 2011 Gross outstanding customer loans 590,704 586,479 583,062 O/w non-performing loans 23,330 21,921 20,255 Non-performing / gross outstanding loans 3.9% 3.7% 3.5% Impairment reco
Slide 70: Networks: non-performing loans and impairment
Annex - Risks Networks: non-performing loans and impairment Banque Populaire banks in millions of euros Dec. 31, 2013 Dec. 31, 2012 Dec. 31, 2011 Gross outstanding customer loans 170,601 165,115 160,048 O/w non-performing loans 8,500 8,227 7,738 Non-performing/gross outstanding loans 5.0% 5.0% 4.8%
Slide 71: Breakdown of commitments
Annex – Risks Breakdown of commitments as at December 31, 2013 Breakdown of commitments by Breakdown of commitments to Corporates and counterparty Professionals by industrial sector €1,003bn 1 of which 12% in France February 19, 2014 Results for full-year 2013 71
Slide 72: Geographical breakdown of commitments
Annex - Risks Geographical breakdown of commitments as at December 31, 2013 Institutions Sovereigns Corporates February 19, 2014 Results for full-year 2013 72
Slide 73: Detailed exposure as of December 31, 2013
Annex – Risks Detailed exposure as of December 31, 2013 Risk-weighted assets under Basel 3 Guaranteed portfolios (Financial Guarantee & TRS) RWA Type of asset Notional Net Value Discount rate before guarantee (nature of portfolio) in €bn in €bn in €bn ABS CDOs 0.7 0.1 80% Other CDOs 1.3 1.0 23% RMBS
Slide 74: Exposure to sovereign debts of peripheral European countries
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) 1 Methodology drawn up by the European Banking Authority (EBA) for the December 2013 transparency
Slide 75: Exposure to European sovereign risks
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 Indirect Direct sovereign sovereign Net direct exposure, excluding derivatives, at exposure in Gross direct exposure in the Net direct exposure, excluding
Slide 76: Exposure to countries subject to a rescue plan
Annex - Risks Exposure1 to countries subject to a rescue plan (in €bn) at December 31, 2013 Total Total banking banking Sovereign in billions of euros Corporates Other portfolio portfolio debt Dec. 31, Dec. 31, 2013 2012 Cyprus 0.1 0.1 0.0 0.1 0.2 Greece 0.0 0.3 0.0 0.3 0.3 Portugal 0.0 0.2 1.6 1.8
Slide 77: Sensitive exposures (excluding Natixis)
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 th
Slide 78: Summary of sensitive exposures
Annex - Groupe BPCE FSF report at December 31, 2013 Summary of sensitive exposures Groupe BPCE Total Total in millions of euros Natixis (excl. Natixis) Dec. 31, 2013 Sept. 30, 2013 Net exposure CDOs of ABS (Asset-backed Securities) US residential market 0 91 91 98 Net exposure 1,009 736 1,745 1,955
Slide 79: Other CDOs (unhedged)
Annex - Sensitive exposures (excluding Natixis) Other CDOs (unhedged) Net Net Gross Change in Other exposure exposure exposure in millions of euros value changes Sept. 30, Dec. 31, Dec. 31, Q4-13 Q4-13 2013 2013 2013 Portfolio at fair value through profit or loss 42 5 0 47 84 Portfolio at fair value
Slide 80: CMBS
Annex - Sensitive exposures (excluding Natixis) CMBS Net Net Gross Change in Other exposure exposure exposure in millions of euros value changes Sept. 30, Dec. 31, Dec. 31, Q4-13 Q4-13 2013 2013 2013 Portfolio at fair value through profit or loss 1 0 0 1 1 Portfolio at fair value through shareholder
Slide 81: RMBS
Annex - Sensitive exposures (excluding Natixis) RMBS Net Change in Other Net Gross Breakdown of residual UK RMBS portfolio exposure exposure exposure exposure by rating value changes in millions of euros Sept. 30, Dec. 31, Dec. 31, Q4-13 Q4-13 2013 2013 2013 Portfolio at fair value through profit or
Slide 82: Protections acquired
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 e
Slide 83: Groupe BPCE, a socially responsible corporate citizen
Annex - Groupe BPCE, a socially responsible corporate citizen Monitoring the Group’s CSR indicators 2013/2012 2013 2012 Economy > Financing the local economy: pursuit of financing Sensitive urban areas served by the Group or activities in all French regions close to Banque Populaire or 36% 33% > S
Slide 84: February 19, 2014 Results for full-year 2013
February 19, 2014 Results for full-year 2013 84