Natixis — Groupe BPCE — Q3 2011 Earnings Presentation
72 slides from Natixis's earnings presentation, Nov 9, 2011
Slide 1: Results for the 3rd quarter and first 9 months of 2011
November 9, 2011 Results for the 3rd quarter and first 9 months of 2011
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: Key messages
Key messages Strong resilience in an extremely adverse business environment in Q3-11 Revenues up 3.4%1 in Q3-11 to a total of €5.48bn vs. €5.3bn in Q3-10 Net income attributable to equity holders of the parent, excluding impairment of Greek government bonds, up by a marginal 1.3%1 to €839m vs. €828m
Slide 4: Key messages
Key messages Continued adaptation of the group to the new regulatory and financial environment Common Equity Tier 1 ratio under Basel 3 > 9% in 2013 (without phase-in1) and Core Tier 1 ratio under Basel 2.5 > 9% in June 2012 (including the sovereign buffer calculated by the European Banking Authorit
Slide 5: Contents
Contents 1. Results of Groupe BPCE 2. Results of the core business lines 3. Capital adequacy and liquidity Adapting the group to its new environment November 9, 2011 Results for the 3rd quarter and first 9 months of 2011 5
Slide 6: Quarterly results: strong resilience in an extremely adverse business environment
1. Quarterly results: strong resilience in an extremely adverse business environment Core Core Q3-11 / business business Q3-11 / in millions of Euros Q3-111 Q3-101 Q3-10 lines2 lines2 Q3-10 Q3-11 Q3-10 Net banking income 5,480 5,300 + 3.4% 4,876 4,979 - 2.1% Operating expenses - 3,702 - 3,676 + 0.7%
Slide 7: 9M-11 results: a solid foundation of recurring revenue from the core business lines
1. 9M-11 results: a solid foundation of recurring revenue from the core business lines Core Core 1 1 9M-11 / business business 9M-11 / in millions of Euros 9M-11 9M-10 9M-10 lines2 lines2 9M-10 9M-11 9M-10 Net banking income 17,234 16,950 + 1.7% 15,660 15,428 + 1.5% Operating expenses - 11,538 - 11,
Slide 8: A solid foundation of recurring revenues from the core business lines
1. A solid foundation of recurring revenues from the core business lines Net income attributable to equity holders of the parent (in €m) Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 9M-10 9M-11 2,762 2,831 + 2.5% 1,102 1,050 1,046 925 929 908 735 Core business lines 11 8 7 18 9 31 25 26 65 Equity inter
Slide 9: Core business lines: good revenue resilience despite the unfavorable environment
1. Core business lines: good revenue resilience despite the unfavorable environment, notably for CIB Net banking income (in €m) Aggregate additional net banking income + 2.1% generated at the end of September 2011 11,273 between Natixis and the Banque Populaire 11,046 and Caisse d’Epargne = networks
Slide 10: Cost of risk for the group
1. Cost of risk for the group (in €m) 13% decline vs. Q2-11, excluding Greece 769 83 511 459 439 451 390 394 2451 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Greek government bonds impairment 1 Low level related to the ad hoc reversal of provisions November 9, 2011 Results for the 3rd quarter and firs
Slide 11: Cost of risk in bp
1. Cost of risk in bp1 32 31 28 25 23 27 27 Commercial Banking and Insurance 52 39 33 26 23 22 10 CIB, IS and SFS 35 32 25 27 26 28 21 Core business lines 39 34 31 32 27 23 18 Groupe BPCE Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 1 Cost of risk excluding Greek government bonds impairment and non-rec
Slide 12: Impairment of the Greek government bonds
1. Impairment of the Greek government bonds Impact of €507m on quarter’s net income attributable to equity holders of the parent Additional impairment of €784m in Q3-11 taking the discount to 60% of the group’s total exposure to Greek government bonds1, representing an impact of €507m on the net inc
Slide 13: Limited exposure to the sovereign debts of other peripheral European countries
1. Limited exposure to the sovereign debts of other peripheral European countries Net direct exposures in the banking book1 (in €m) 3,236 2,750 3,211 2,643 Sept. 30, 2011 June 30, 2011 263 346 167 167 56 55 Ireland Portugal Spain Italy Total 1 Calculated using the methodology drawn up by the EBA (Eu
Slide 14: Contents
Contents 1. Results of Groupe BPCE 2. Results of the core business lines 3. Capital adequacy and liquidity Adapting the group to its new environment November 9, 2011 Results for the 3rd quarter and first 9 months of 2011 14
Slide 15: Commercial Banking and Insurance
2. Commercial Banking and Insurance Q3-11/ 9M-11/ in millions of Euros Q3-11 Q3-10 9M-11 9M-10 Q3-10 9M-10 Net banking income 3,637 3,617 + 0.6% 11,273 11,046 + 2.1% Banques Populaires 1,528 1,511 + 1.1% 4,736 4,613 + 2.7% Excl. provisions for home purchase savings schemes 1,517 1,528 - 0.7% 4,718 4
Slide 16: Commercial Banking and Insurance
2. Commercial Banking and Insurance Unless specified to the contrary, all changes are vs. Q3-10 Change in net banking income (NBI) and income before tax (in €m) Stable net banking income 11,046 11,273 Banques Populaires: - 0.7%1 Caisses d’Epargne: - 0.3%1 (excl. impact of lower Livret A commission,
Slide 17: Commercial Banking and Insurance: Banques Populaires
2. Commercial Banking and Insurance Banques Populaires Unless specified to the contrary, all changes are vs. Q3-10 Savings deposits Growth in 1 year (as a%) Priority customer base 11,5% 10.4% > Active individual customers using banking 9.4% services: + 2.1% 9,5% 8.7% > Active established professiona
Slide 18: Commercial Banking and Insurance: Caisses d'Epargne
2. Commercial Banking and Insurance Caisses d’Epargne Unless specified to the contrary, all changes are vs. Q3-10 Savings deposits Growth in 1 year (as a%) Priority customer base > Active individual customers using banking 12,0% services: + 2.8% > Active professional customers: +7.8% 10,0% 8.9% 8.2%
Slide 19: Real estate financing, Insurance, International and Other networks
2. Commercial Banking and Insurance Real estate financing, Insurance, International and Other networks Real estate financing Insurance1 Buoyant commercial activity of Crédit Contribution of BPCE Assurances (non-life Foncier with good margin levels on real and personal protection) to the group’s esta
Slide 20: Natixis core business lines: CIB, Invest. Solutions, SFS
2. Natixis core business lines: CIB, Invest. Solutions, SFS Q3-11 / 9M-11 / In millions of Euros Q3-11 Q3-10 9M-11 9M-10 Q3-10 9M-10 Net banking income 1,239 1,362 - 9.0% 4,387 4,382 +0.1% CIB 542 675 - 19.7% 2,173 2,296 - 5.4% Investment Solutions 410 429 - 4.4% 1,355 1,290 + 5.0% SFS 287 258 + 11.
Slide 21: Natixis core business lines: CIB, Invest. Solutions, SFS
2. Natixis core business lines: CIB, Invest. Solutions, SFS Unless specified to the contrary, all changes are vs. Q3-10 Net banking income change (in €m) CIB net banking income: - 19.7% = > A quarter impacted by exceptionally tough capital markets conditions (excluding negative impact related to the
Slide 22: CIB: slight revenue decline in the first 9 months of the year
2. Natixis core business lines: CIB, Invest. Solutions, SFS CIB: slight revenue decline in the first 9 months of the year (- 5%) Net banking income (in €m) Financing 404 3 12 > Structured financing: good performance • Revenues up 3% vs. Q3-10 and + 4% vs. 9M-10, fuelled by all business lines 13 4 10
Slide 23: Investment Solutions: new net inflows increase in Q3-11
2. Natixis core business lines: CIB, Invest. Solutions, SFS Investment Solutions: new net inflows increase in Q3-11 (+ €3.1bn) Asset management Asset management - assets under management (in €bn) > Net inflows of €3.1bn in Q3-11 + 17 +3 • In the US and Asia, notably in Fixed Income and Equity produc
Slide 24: SFS: good commercial dynamics in Q3-11
2. Natixis core business lines: CIB, Invest. Solutions, SFS SFS: good commercial dynamics in Q3-11 Specialized Financing Business indicators > Consumer finance: revenues up 16% vs. Q3-10, % with steady growth in revolving loans in the Q3-11 Q3-10 change Banque Populaire and Caisse d’Epargne networks
Slide 25: Equity interests
2. Equity interests Q3-11 9M-11 / in millions of Euros Q3-11 Q3-10 9M-11 9M-10 /Q3-10 9M-10 Net banking income 415 401 + 3.5% 1,290 1,204 + 7.1% Operating expenses - 342 -- 343 - 0.3% - 1,056 - 1,040 + 1.5% Gross operating income 73 58 +25.9% 234 164 + 42.7% Cost of risk -4 -- 2 ns - 23 -- 18 + 27.8
Slide 26: Equity interests: Coface and Nexity
2. Equity interests Coface Coface revenues (in €m) Revenues: + 1 % vs. Q3-10 4 10 4 13 421 431 4 14 > Credit insurance: turnover up 4% vs. Q310 > Accounts for 84% of the activities pursued by Coface Loss ratio: 47% in Q3-11 vs. 57% in Q3-10 Income before tax: + 22% vs. Q2-11 and + 94% vs. Q3-10 Q 3
Slide 27: Contents
Contents 1. Results of Groupe BPCE 2. Results of the core business lines 3. Capital adequacy and liquidity Adapting the group to its new environment November 9, 2011 Results for the 3rd quarter and first 9 months of 2011 27
Slide 28: Strategic planning initiatives implemented since the group was created in July 2009
3. Strategic planning initiatives implemented since the group was created in July 2009 Concentrate the Sale to Axa of the proprietary private equity activities pursued by Natixis in France, completed group on its core in 2010 business lines: Disposal of Eurosic and Foncia completed in June and July
Slide 29: Reduction of Groupe BPCE's risk profile
3. Reduction of Groupe BPCE’s risk profile Slight decrease in risk-weighted assets (in €bn) Retail banking: 69% of risk-weighted assets -2% 4% 3% 7% 4% 24% 29% 414 406 60% 69% June 09 Sept. 11 J une 0 9 S e pt .11 Commercial Banking and Insurance GAPC Natixis (excluding GAPC) Other Neutral GAPC cont
Slide 30: Breakdown of the core business lines: predominance of retail banking
3. Breakdown of the core business lines of Groupe BPCE Predominance of retail banking activities Contribution of the core business lines to net Contribution of the core business lines income attributable to equity holders of the to net banking income1 9M-11 (as a %) parent1 9M-11 (as a %) Retail ban
Slide 31: Strong growth in the group's capital adequacy since June 2009
3. Strong growth in the group’s capital adequacy since June 2009 8 .6 % 8 .6 % 8 .0 % 7 .4 % 6 .9 % 6 .4 % 6 .7 % 5 .6 % 6 .2 % 3 4 .6 3 4 .9 3 1.7 3 1.9 2 8 .5 3 .0 2 6 .3 3 .0 3 .0 1 2 30/ 06/ 09 3 1/ 12 / 0 9 3 0 / 0 6 / 10 3 1/ 12 / 2 0 10 3 0 / 0 6 / 2 0 11 3 0 / 0 9 / 2 0 11 Tempo rary injecti
Slide 32: Continued implementation of the strategy to reduce the group's risk profile
3. Continued implementation of the strategy to reduce the group’s risk profile The tightening of the regulatory and financial environment requires the group to step up its strategy aimed at reducing its risk profile New capital adequacy targets > For the group as a whole: • At June 30, 2012: Core Ti
Slide 33: Core Tier 1 ratio target under Basel 2.5 at June 30, 2012
3. Core Tier 1 ratio target under Basel 2.5 at June 30, 2012 > 9% including the sovereign buffer > + 45 bp + 40 bp - 20 bp - 25 bp > 9.25% > 9% 8.6%1 3 Core Tier 1 ratio Switchover of certain Impact of Retained earnings, Core Tier 1 Sovereign buffer EBA Core Tier 1 at September 30, portfolios2 to th
Slide 34: Optimization of Natixis' capital adequacy: P3CI operation
3. Optimization of Natixis’ capital adequacy P3CI1 operation: no impact for Groupe BPCE as a whole Mechanism of the planned operation Natixis balance sheet Sept. 30, 2011 Issue by Natixis of bonds subscribed by BPCE for a total of €6.9bn (P3CI) Quarterly adjustment of the nominal value of P3CI1 refl
Slide 35: Reduction of the wholesale funding requirements
3. Reduction of the wholesale funding requirements Natixis > €50bn reduction in liquidity requirements (CIB and GAPC) since the beginning of 2009 > Continued reduction in liquidity requirements of between €15bn to €20bn by the end of 2013 Rest of the group > Continued focus on increasing on-balance
Slide 36: Medium/long-term funding / Liquidity reserves
3. Medium/long-term funding / Liquidity reserves 2011 MLT funding plan: €29.8bn (incl. €27.3bn wholesale MLT funding) 2011 MLT funding structure > €31.4bn raised on October 31, 2011, equal to 105% Bond issues placed in the BP and of the entire program 21% CE networks > Average maturity: 5.2 years Ob
Slide 37: Results for the 3rd quarter and the first 9 months of 2011: Annexes
November 9, 2011 Results for the 3rd quarter and the first 9 months of 2011 Annexes
Slide 38: Annex
Annex Groupe BPCE CIB, Investment Solutions and SFS > Organizational structure of Groupe BPCE > Income statement per business line > Income statement per business line > Consolidated balance sheet Equity interests > Income statement Financial structure Workout Portfolio Management > Statement of cha
Slide 39: Organizational structure of Groupe BPCE
Annex - Groupe BPCE Organizational structure of Groupe BPCE November 9, 2011 Results for the 3rd quarter and first 9 months of 2011 39
Slide 40: Quarterly income statement
Annex - Groupe BPCE Quarterly income statement Groupe BPCE In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 5 461 5 952 5 922 6 116 5 480 Operating expenses -3 815 -4 304 -4 006 -4 096 -3 702 Gross operating income 1 646 1 648 1 916 2 020 1 778 Cost / income ratio 69,9% 72,3% 67
Slide 41: Quarterly income statement per business line
Annex - Groupe BPCE Quarterly income statement per business line CIB, Investment Commercial Workout portfolio Solutions & banking & Total core businesses Equity interests management & Groupe BPCE Specialized Insurance Other businesses Financial Services In millions of euros Q3-11 Q3-10 Q3-11 Q3-10 Q
Slide 42: Income statement for the first 9 months of the year per business line
Annex - Groupe BPCE Income statement for the first 9 months of the year per business line CIB, Investment Commercial Workout portfolio Solutions & banking & Total core businesses Equity interests management & Groupe BPCE Specialized Insurance Other businesses Financial Services In millions of euros
Slide 43: Consolidated balance sheet
Annex - Groupe BPCE Consolidated balance sheet Assets in millions of euros 30/09/11 31/12/10 Liabilities in millions of euros 30/09/11 31/12/10 Cash and amounts due from central banks 18 727 24 143 Amounts due to central banks 4 490 Financial assets at fair value through profit or loss 221 364 167 5
Slide 44: Statement of changes in shareholders' equity
Annex – Financial structure Statement of changes in shareholders’ equity in millions of euros Equity attributable to equity holders of the parent December 31, 2010 47,384 Distribution - 567 Capital increase (cooperative shares) 67 Income 2 278 Remuneration of deeply subordinated notes - 233 Changes
Slide 45: Reconciliation of shareholders' equity to Tier-1 capital
Annex – Financial structure Reconciliation of shareholders’ equity to Tier-1 capital in billions of euros - 5.8 + 2.6 - 5.5 + 6.8 + 0.1 - 2.4 45.6 41.5 34.6 Equity Cancellation Minority Goodwill Other Deductions Total Core Deeply Total attributable of interests2 & intangibles restatements (50 %) Tie
Slide 46: Capital adequacy ratios and credit ratings
Annex – Financial structure Capital adequacy ratios and credit ratings September December 31, 1 June 30, 2011 2 30, 2011 2010 Credit risk €362bn €356bn €355bn Market risk €13bn €14bn €13bn Operational risk €31bn €31bn €32bn Total risk-weighted assets €406bn €401bn €399bn Tier-1 capital €41.5bn €41.3
Slide 47: Commercial Banking and Insurance: Quarterly income statement
Annex – Commercial Banking and Insurance Quarterly income statement Insurance, International & Other Banques Populaires Caisses d'Epargne Real Estate 1 Commercial banking & Insurance Networks In millions of euros Q3-11 Q3-10 % Q3-11 Q3-10 % Q3-11 Q3-10 % Q3-11 Q3-10 % Q3-11 Q3-10 % * Net banking inc
Slide 48: Commercial Banking and Insurance: Quarterly income statement
Annex - Commercial Banking and Insurance Quarterly income statement Commercial banking & Insurance In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 3 617 3 918 3 778 3 858 3 637 Operating expenses -2 323 -2 544 -2 427 -2 472 -2 358 Gross operating income 1 294 1 374 1 351 1 386
Slide 49: 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 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 1 511 1 623 1 573 1 635 1 528 Operating expenses -974 -982 -993 -1 021 -1 000 Gross operating income 537 641 580 614 528 Cost
Slide 50: Income statement for the first 9 months of the year per business line
Annex – Commercial Banking and Insurance Income statement for the first 9 months of the year Per business line * 1 Insurance, International & Other Banques Populaires Caisses d'Epargne Real Estate Commercial banking & Insurance Networks In millions of euros 9M-11 9M-10 % 9M-11 9M-10 % 9M-11 9M-10 %
Slide 51: Banque Populaire network: savings deposits
Annex - Commercial Banking and Insurance Banque Populaire network: savings deposits (in €bn) % change Q3-11 / Q3-10 179.7 183.6 189.2 Demand deposits + 13.3% 45.4 Passbook savings 43.6 + 10.2% 40.0 accounts Regulated home Demand deposits + 3.0% savings plans 27.7 28.2 30.6 Passbook savings accounts
Slide 52: Banque Populaire network: loan outstandings
Annex - Commercial Banking and Insurance Banque Populaire network: loan outstandings (in €bn) 146.1 152.6 144.3 6.5 6.9 7.1 % change 77.3 Q3-11 / Q3-10 71.5 73.1 C onsumer loans Consumer loans - 5.7% Real estate loans Real estate Short-term credit facilities + 8.2% loans Equipment loans Other 9.0 9.
Slide 53: Caisse d'Epargne network: savings deposits
Annex - Commercial Banking and Insurance Caisse d’Epargne network: savings deposits (in €bn) 334.8 335.2 345.5 31.3 33.0 32.2 % change Q3-11 / Q3-10 Demand deposits Demand deposits + 2.9% 122.9 Passbook savings Passbook savings 117.2 116.1 + 4.9% accounts accounts Regulated home savings Regulated ho
Slide 54: Caisse d'Epargne network: loan outstandings
Annex - Commercial Banking and Insurance Caisse d’Epargne network: loan outstandings (in €bn) 166.3 155.0 10.6 147.9 10.4 10.4 % change Q3-11 / Q3-10 98.7 C onsumer loans 90.3 Consumer loans + 1.3% 87.1 Real estate loans Real estate Short-term credit facilities + 13.3% loans Equipment loans Other Sh
Slide 55: Real estate financing; Insurance, International and Other networks
Annex – Commercial Banking and Insurance Real estate financing Insurance, International and Other networks Real Estate In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 227 245 227 235 232 Operating expenses -137 -168 -145 -169 -147 Gross operating income 90 77 82 66 85 Cost / in
Slide 56: CIB, Investment Solutions and SFS: Quarterly income statement per business line
Annex - CIB, Investment Solutions and SFS Quarterly income statement per business line CIB, Investment Solutions & CIB Investment Solutions SFS Specialized Financial Services In millions of euros Q3-11 Q3-10 % Q3-11 Q3-10 % Q3-11 Q3-10 % Q3-11 Q3-10 % Net banking income 542 675 -19,7% 410 429 -4,4%
Slide 57: CIB, Investment Solutions and SFS: Quarterly income statement
Annex - CIB, Investment Solutions and SFS Quarterly income statement CIB, Investment Solutions & Specialized Financial Services In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 1 362 1 508 1 564 1 584 1 239 Operating expenses -908 -1 006 -970 -982 -919 Gross operating income 454
Slide 58: CIB, Investment Solutions and SFS: Quarterly income statement per business line
Annex - CIB, Investment Solutions and SFS Quarterly income statement per business line CIB Investment Solutions In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 675 731 821 810 542 Net banking income 429 499 472 473 410 Operatin
Slide 59: CIB, Investment Solutions and SFS: Income statement for the first 9 months
Annex - CIB, Investment Solutions and SFS Income statement for the first 9 months of the year per business line CIB, Investment Solutions & CIB Investment Solutions SFS Specialized Financial Services In millions of euros 9M-11 9M-10 % 9M-11 9M-10 % 9M-11 9M-10 % 9M-11 9M-10 % Net banking income 2 17
Slide 60: Equity interests: Quarterly income statement
Annex – Equity interests Quarterly income statement Equity interests In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 401 518 406 469 415 Operating expenses -343 -413 -359 -355 -342 Gross operating income 58 105 47 114 73 Cost / income ratio 85,5% 79,7% 88,4% 75,7% 82,4% Cost of
Slide 61: Equity interests
Annex – Equity interests November 9, 2011 Results for the 3rd quarter and first 9 months of 2011 61
Slide 62: Workout Portfolio Management and Other businesses
Annex – Workout Portfolio Management and “Other businesses” Workout portfolio Workout portfolio Other businesses management & Other management businesses In millions of euros Q3-11 Q3-10 Q3-11 Q3-10 Q3-11 Q3-10 Net banking income -38 27 227 54 189 81 Operating expenses -31 -40 -52 -201 -83 -241 Gros
Slide 63: Workout Portfolio Management and Other businesses
Annex – Workout Portfolio Management and “Other businesses” Workout portfolio Workout portfolio Other businesses management & Other management businesses In millions of euros 9M-11 9M-10 9M-11 9M-10 9M-11 9M-10 Net banking income 245 196 323 579 568 775 Operating expenses -104 -129 -516 -669 -620 -7
Slide 64: Workout Portfolio Management and Other businesses
Annex – Workout Portfolio Management and “Other businesses” Workout portfolio management & other businesses In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 81 8 174 205 189 Operating expenses -241 -341 -250 -287 -83 Gross operating income -160 -333 -76 -82 106 Cost of risk 72 -
Slide 65: Workout Portfolio Management and Other businesses
Annex – Workout Portfolio Management and “Other businesses” Workout portfolio management In millions of euros Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Net banking income 27 141 162 121 -38 Operating expenses -40 -54 -35 -38 -31 Gross operating income -13 87 127 83 -69 Cost of risk 58 -71 -95 -99 20 Income befo
Slide 66: Workout Portfolio Management (GAPC): Detailed exposure as of September 30, 2011
Annex – Workout Portfolio Management and “Other businesses” (GAPC) – Detailed exposure as of September 30, 2011 Guaranteed portfolios (Financial Guarantee & TRS) Type of asset Notional Net Value RWA Discount rate (nature of portfolio) In €bn In €bn before guarantee in €bn ABS CDOs 1.4 0.5 67% Other
Slide 67: Groupe BPCE: non-performing loans and impairment
Annex – Risks Groupe BPCE: non-performing loans and impairment September June 30, Dec. 31, in millions of euros 30, 2011 2011 2010 Gross outstanding customer loans 578,115 572,050 573,807 O/w non-performing loans 20,399 19,537 20,003 Non-performing / gross outstanding loans 3.5% 3.4% 3.5% Impairment
Slide 68: Networks: non-performing loans and impairment
Annex – Risks Networks: non-performing loans and impairment Banque Populaire banks (aggregated) September 30, in millions of euros June 30, 2011 Dec. 31, 2010 2011 Gross outstanding customer loans 157,849 157,413 151,518 O/w non-performing loans 7,807 7,710 7,531 Non-performing/gross outstanding loa
Slide 69: Breakdown of commitments as at September 30, 2011
Annex – Risks Breakdown of commitments as at September 30, 2011 Breakdown of commitments by Breakdown of commitments to Corporates counterparty and Professionals by industrial sector Administration 0.4% Service to Local Authorities 1.3% 29% Technology 1.4% International commodities trade 2.3% 7% Com
Slide 70: Geographical breakdown of commitments as at September 30, 2011
Annex - Risks Geographical breakdown of commitments as at September 30, 2011 Banks Sovereigns Corporates 88% 59% 61% 16% 25% 16% 12% 6% 4% 4% 3% 1% 1% 3% France France France Europe (excluding France) Europe (excluding France) Americas Americas Americas Europe (excluding France) Asia / Oceania Afric
Slide 71: Exposure to European sovereign risks as at September 30, 2011
Annex – Groupe BPCE Exposure to European sovereign risks as at September 30, 2011 1 based on the model drawn up by the EBA for July 2011 stress tests 2 Gross direct Direct sovereign Indirect sovereign Net direct positions, exposures at Net direct positions, excluding derivatives, at September 30, 20
Slide 72: FSF report at September 30, 2011: Summary of sensitive exposures
Annex - Groupe BPCE FSF report at September 30, 2011 Summary of sensitive exposures Groupe BPCE Total Total in millions of euros (excluding Natixis Sept. 30, June 30, Natixis) 2011 2011 Net exposure ABS (Asset-backed Securities) CDOs US residential market 0 423 423 421 Net exposure Other at-risk CDO