Natixis — Groupe BPCE — FY2012 Earnings Presentation
85 slides from Natixis's earnings presentation, Feb 17, 2013
Slide 1: Results for the full year 2012
February 17, 2013 Results for the full year 2012
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 Plan for the Banque Populaire banks and the Caisses d’Epargne to buy back, in view of subsequent cancellation, for a total of €12.1bn1, the cooperative investment certificates (CCIs) held by Natixis Threefold objective: simplification of the Group’s structure, clearer appreciation of Na
Slide 4: Key messages
Key messages Stability in core business line revenues at €20.9bn (-1.0% vs. 2011) Solid 2012 results Net income attributable to equity holders of the parent (excluding revaluation in a tight business of the Group’s own debt) of €2.34bn (-5.9% vs. 20111) environment Net income attributable to equity
Slide 5: Sommaire
Sommaire 1. Projected simplification of the structure of Groupe BPCE 2. Groupe BPCE results 3. Capital adequacy and liquidity 4. Results of the core business lines 5. Groupe BPCE, a socially responsible banking institution 6. Conclusion February 17, 2013 Results for the full year 2012 5
Slide 6: Projected buy-back of CCIs held by Natixis for €12.1bn
1. Projected buy-back operation in view of subsequent cancellation, for a total of €12.1bn1, by the Banque Populaire banks and Caisses d’Epargne of Cooperative Investment Certificates (CCIs) held by Natixis Structure of the Group before the operation Structure of the Group after the operation Cooper
Slide 7: Objective and impacts of the projected operation
1. Objective and impacts of the projected operation Threefold objective Simplification of the Clearer appreciation of Optimization of the Group’s structure Natixis’ activities and allocation of equity within results the Group The projected operation has been made possible by the far-reaching transfo
Slide 8: Indicative timetable of the projected operation
1. Indicative timetable of the projected operation This projected operation, which is subject to the approval of the respective Boards of the individual Banque Populaire banks, Caisses d’Epargne and Natixis and consultations with the employee representatives, could be closed in Q3-13 February 17, 20
Slide 9: Sommaire
Sommaire 1. Projected simplification of the structure of Groupe BPCE 2. Groupe BPCE results 3. Capital adequacy and liquidity 4. Results of the core business lines 5. Groupe BPCE, a socially responsible banking institution 6. Conclusion February 17, 2013 Results for the full year 2012 9
Slide 10: Groupe BPCE results: non operational items
2. Groupe BPCE results Non operational items in millions of euros 2012 2011 Q4-12 Q4-11 • Revaluation of own debt1 -407 +295 -150 +186 • Prolonged decline in value of the interest in Banca Carige -190 - - - • Restitution of the fine with respect to the « Cheque image +91 - - - exchange » • MBIA comm
Slide 11: Groupe BPCE 2012 results excl. non operational items
2. Groupe BPCE 2012 results – excl. non operational items Solid results in a sluggish environment Core 2012/ business 2012/ in millions of euros 2012 20111 lines2 2011 2012 Net banking income 22,504 -1.2% 20,867 -1.0% Operating expenses -15,935 +2.1% -14,061 +2.9% Excl. new fiscal measures -15,760 +
Slide 12: Groupe BPCE quarterly results
2. Groupe BPCE quarterly results Excluding non operational items Core Q4-12 / business Q4-12 / in millions of euros Q4-12 Q4-11 lines1 Q4-11 Q4-12 Net banking income 5,662 +0.2% 5,326 - Operating expenses -4,157 +2.0% -3,678 +4.0% Gross operating income 1,505 -4.5% 1,648 -7.8% Cost/income ratio 73,4
Slide 13: Synergies ahead of the target
2. Groupe BPCE 2012 results Synergies ahead of the target Revenue synergies between Natixis and the Banque Populaire and Caisse d’Epargne networks Cost synergies End of December 2012 €616m 2013 objective €810m Cost synergies worth a total of €930m at December 31, 2012 for the Group as a Linearized o
Slide 14: Rising trend in the core business lines' cost of risk
2. Groupe BPCE results Rising trend in the core business lines’ cost of risk reflecting the deterioration of the economic environment Cost of risk in bp Commercial Banking and Insurance1 Wholesale banking, Investment Solutions, and SFS Core business lines1 Groupe BPCE2 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12
Slide 15: GAPC: pursuit of the asset-disposal program
2. Groupe BPCE results GAPC : pursuit of the asset-disposal program Risk-weighted assets1 (in €bn) Pursuit of the asset-disposal program: €3.6bn disposed of in 2012 €1.7bn decline in risk-weighted assets over Q4-12 58% decline in risk-weighted assets since June 2009 Contribution of GAPC to the net i
Slide 16: Sommaire
Sommaire 1. Projected simplification of the structure of Groupe BPCE 2. Groupe BPCE results 3. Capital adequacy and liquidity 4. Results of the core business lines 5. Groupe BPCE, a socially responsible banking institution 6. Conclusion February 17, 2013 Results for the full year 2012 16
Slide 17: Capital adequacy enhanced by 160bp: Basel 2.5 Core Tier-1 of 10.7%
3. Capital adequacy and liquidity Capital adequacy enhanced by 160bp since Dec. 31, 2011: Basel 2.5 Core Tier-1 of 10.7%1 Change in capital (in €bn) and ratios2 1 Estimate at December 31, 2012 2 Excluding the floor effect which applied until Dec. 31, 2011 3 Dec. 31, 2010 – Capital and ratios pro for
Slide 18: Common Equity Tier 1 ratio under Basel 3 above 9%
3. Capital adequacy and liquidity Achieved target of Common Equity Tier 1 ratio under Basel 3, without transitional measures1, > 9% in 2013 ≈ -170 bp > 9,0 % 9.5% -15 bp -10 bp - 10.7% 9.0% 9.0% 1 1 1 1 Estimate after restatement for deferred tax assets and subject to the finalization of regulatory
Slide 19: Reduction of wholesale funding requirements achieved a year early
3. Capital adequacy and liquidity Reduction of the Group’s wholesale funding requirements: target achieved a year in advance Rest of the Group, including Commercial Natixis (Wholesale Banking and GAPC) Banking and Insurance > €71bn reduction in liquidity requirements between > Continued increase in
Slide 20: Liquidity reserves and ST refinancing at December 31, 2012
3. Capital adequacy and liquidity Liquidity reserves and ST refinancing at December 31, 2012 Liquidity reserves (in €bn) ST1 refinancing outstandings (in €bn) Liquidity reserves/short-term refinancing outstandings (as a %) 94% 140% 1 Estimate February 17, 2013 Results for the full year 2012 20
Slide 21: MLT funding: 50% of the 2013 program completed
3. Capital adequacy and liquidity MLT funding: 50% of the 2013 program completed at January 31, 2013 (incl. amounts raised in excess of the 2012 program) Medium/long-term funding plan completed at January 31, 2013 2013 MLT funding plan for a total of €21bn, down from €24.5bn in 2012 €10.6bn1 raised
Slide 22: Sommaire
Sommaire 1. Projected simplification of the structure of Groupe BPCE 2. Groupe BPCE results 3. Capital adequacy and liquidity 4. Results of the core business lines 5. Groupe BPCE, a socially responsible banking institution 6. Conclusion February 17, 2013 Results for the full year 2012 22
Slide 23: Commercial Banking and Insurance
4. Results of the core business lines Commercial Banking and Insurance 2012/ Q4-12/ in millions of euros 2012 2011 Q4-12 Q4-11 % change % change Net banking income 14,779 -2.6% 3,754 -3.4% Excluding changes in provisions for home purchase savings schemes 14,846 -1.8% 3,794 -2.0% BP 6,032 -4.7% 1,502
Slide 24: Commercial Banking and Insurance
4. Results of the core business lines Commercial Banking and Insurance Unless specified to the contrary, all changes are vs. Q4-11 A solid growth in commercial activity Contribution to income before tax in 2012 > Growth in on-balance sheet savings deposits (+7.2%1), buoyed up by passbook savings acc
Slide 25: Initiatives and synergies for the benefit of our customers
4. Initiatives and synergies for the benefit of our customers to promote the development of the local banking model Pursuit of the multi-channel distribution program, in favor of closer customer relations o To respond to our customers’ new consumption patterns triggered by new technological developm
Slide 26: Banque Populaire banks results
4. Banque Populaire banks results Unless specified to the contrary, all changes are vs. Q4-11 Savings deposits: growth in 1 year (as a %) Customer base: continued success in placing products and services with individual customers > Individual customers: +3.3% for active customers using banking servi
Slide 27: Caisses d'Epargne results
4. Caisses d’Epargne results Unless specified to the contrary, all changes are vs. Q4-11 Savings deposits: change over the past year Customer base: continued dynamic (as a %) development > +313,000 active individual customers in 2012, including +247,000 principal active customers using banking servi
Slide 28: Real estate Financing
4. Results of the core business lines Real estate Financing1: dynamic commercial activity in a depressed market Unless specified to the contrary, all changes are vs. Q4-11 Loan outstandings2 (in €bn) Implementation of the 2012-2016 strategic plan of Crédit Foncier > Continued drive to reduce assets
Slide 29: Core business lines of Natixis
4. Results of the core business lines Core business lines of Natixis: Wholesale Banking, Investment Solutions, Specialized Financial Services 2012/ Q4-12/ in millions of euros 2012 2011 Q4-12 Q4-11 % change % change Net banking income 6,088 +3.3% 1,572 +9.4% Wholesale Banking 2,829 -0.7% 682 +11.3%
Slide 30: Wholesale Banking
4. Results of the core business lines Wholesale Banking: very strong performance in 2012 Fixed Income activities and adaptation to new challenges for Financing activities Unless specified to the contrary, all changes are vs. Q4-11 Financing activities Change in revenues (in €m) Commercial Banking >
Slide 31: Investment Solutions
4. Results of the core business lines Investment Solutions: continuing dynamic growth in asset management activities, difficult context in 2012 for life insurance Unless specified to the contrary, all changes are vs. Q4-11 Assets under management (in €bn) Completion of the acquisition of McDonnell i
Slide 32: SFS: good performance in 2012 and Q4-12
4. Results of the core business lines SFS: good performance in 2012 and Q4-12 Unless specified to the contrary, all changes are vs. Q4-11 Commercial dynamism > Consumer finance: 20% increase in outstandings % between the end of 2011 and the end of 2012 to Q4-12 Q4-11 change €13.6bn Consumer finance
Slide 33: Equity Interests
4. Equity Interests1 2012/ Q4-12/ in millions of euros 2012 2011 Q4-12 Q4-11 % change % change Net banking income 1,756 +1,9% 455 +5.4% Operating expenses -1,417 -2.9% -358 -11.3% Gross operating income 339 +28.4% 97 x3.5 Cost of risk -5 -85.3% 1 n.s Income before tax 309 n.s 68 n.s Net income attri
Slide 34: Equity Interests: Coface core activities
4. Equity Interests Coface core activities1 Revenues: +1% in 2012 vs. 2011, including a 3% increase in the credit insurance business in a more challenging business environment Significant improvement in profitability: pre- tax income rose to €164m in 2012 2012 combined ratio: improved 2.2pps to 82.2
Slide 35: Sommaire
Sommaire 1. Projected simplification of the structure of Groupe BPCE 2. Groupe BPCE results 3. Capital adequacy and liquidity 4. Results of the core business lines 5. Groupe BPCE, a socially responsible banking institution 6. Conclusion February 17, 2013 Results for the full year 2012 35
Slide 36: Groupe BPCE, a socially responsible banking institution
5. Groupe BPCE, a socially responsible banking institution A distinctive identity A bank A bank A bank A for present at a committed cooperative everyone local level to solidarity bank • 36 million customers: • A strong local • The Group’s long-term • A status that private individuals, presence: comm
Slide 37: Environmental highlights
5. Groupe BPCE, a socially responsible banking institution 2012 highlights 1. 1st French reference bank chosen by the European Commission to finance energy efficiency projects in • April 2012 ENVIRONMENTAL France 2. The Group is a signatory to the United Nations Global Compact • April 2012 3. Eco-lo
Slide 38: Sommaire
Sommaire 1. Projected simplification of the structure of Groupe BPCE 2. Groupe BPCE results 3. Capital adequacy and liquidity 4. Results of the core business lines 5. Groupe BPCE, a socially responsible banking institution 6. Conclusion February 17, 2013 Results for the full year 2012 38
Slide 39: Conclusion
6. Conclusion Capital and liquidity targets achieved one year ahead of schedule: capital adequacy ratio under Basel 31, reduction in the Group’s wholesale funding requirements Ability to comply with the liquidity rules under Basel 3 thanks to the adaptation efforts already made Resilience of the Gro
Slide 40: Annexes
February 17, 2013 Results for the full year 2012 Annexes
Slide 41: Annexes contents
Annexes Groupe BPCE Wholesale Banking, Investment Solutions > Income statement and SFS > Income statement per business line > Income statement > Consolidated balance sheet > Goodwill Equity interests > Income statement Financial structure > Statement of changes in shareholders' equity Workout portfo
Slide 42: Groupe BPCE annual income statement per business line
Annex - Groupe BPCE Annual income statement per business line Wholesale Banking, Workout portfolio Commercial Banking & Investment Solutions & Total core businesses Equity interests management & Other Groupe BPCE Insurance Specialized Financial businesses Services In millions of euros 2012 2011 2012
Slide 43: Groupe BPCE quarterly income statement per business line
Annex - Groupe BPCE Quarterly income statement per business line Wholesale Banking, Workout portfolio Commercial Banking & Investment Solutions & Total core businesses Equity interests management & Other Groupe BPCE Insurance Specialized Financial businesses Services In millions of euros Q4-12 Q4-11
Slide 44: Groupe BPCE quarterly income statement
Annex - Groupe BPCE Quarterly income statement Groupe BPCE In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 5 922 6 116 5 480 5 839 23 357 5 450 5 671 5 313 5 512 21 946 Operating expenses -4 006 -4 096 -3 702 -4 077 -15 881 -3 953 -3 899 -3 926 -4 15
Slide 45: Consolidated balance sheet
Annex - Groupe BPCE Consolidated balance sheet Assets in €m 12/31/12 12/31/11 Liabilities in €m 12/31/12 12/31/11 C ash and amounts due from central banks 53 792 15 995 Amounts due to central banks 0 15 Financial assets at fair value through profit or loss 214 991 225 477 Financial liabilities at fa
Slide 46: Goodwill
Annex - Groupe BPCE Goodwill Dec. 31, Acquisitions Other Dec. 31, in millions of euros Impairment Conversion 2011 /Disposals movements 2012 Commercial Banking 937 - -32 -1 5 909 and Insurance entities Natixis 2,668 9 - -16 -18 -9 2,634 Equity interests 900 -210 16 706 TOTAL 4,505 9 -258 -19 12 4,249
Slide 47: Statement of changes in shareholders' equity
Annex – Financial structure Statement of changes in shareholders’ equity Equity attributable in millions of euros to equity holders of the parent December 31, 2011 45,136 Distribution -491 Capital increase (cooperative shares) 2,611 Income 2,147 Remuneration of deeply subordinated notes and related
Slide 48: Reconciliation of shareholders' equity to Tier-1 capital
Annex – Financial structure Reconciliation of shareholders’ equity to Tier-1 capital in billions of euros 1 Deeply subordinated notes: €4.6bn of BPCE deeply subordinated notes included in equity attributable to equity holders of the parent + €1bn of deeply subordinated notes issued by Natixis includ
Slide 49: Prudential ratios and credit ratings
Annex – Financial structure Prudential ratios1 and credit ratings December 31, December 31, June 30, 2012 20121 20112 Credit risk €324bn €327bn €335bn Market risk €20bn €22bn €17bn Operational risk €38bn €37bn €36bn Total risk-weighted assets €382bn €386bn €388bn Core Tier-1 capital €40.9bn €38.8bn
Slide 50: Commercial Banking and Insurance annual income statement
Annex – Commercial Banking and Insurance Annual income statement Insurance, International & Other Banques Populaires Caisses d'Epargne Real Estate Financing Commercial Banking & Insurance * networks en millions d'euros 2012 2011 % 2012 2011 % 2012 2011 % 2012 2011 % 2012 2011 % Net banking income 6
Slide 51: 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 Financing * Commercial Banking & Insurance networks en millions d'euros Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Net bank
Slide 52: Commercial Banking and Insurance quarterly income statement
Annex – Commercial Banking and Insurance Quarterly income statement Commercial Banking & Insurance In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 3 781 3 849 3 660 3 887 15 177 3 763 3 666 3 596 3 754 14 779 Operating expenses -2 427 -2 472 -2 358 -
Slide 53: 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 Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 1 566 1 619 1 546 1 598 6 329 1 560 1 488 1 482 1 502 6 032 Operating expenses -993 -1 021 -1 000
Slide 54: Banque Populaire network: savings deposits
Annex - Commercial Banking and Insurance Banque Populaire network: savings deposits (in €bn) % change 2012 / 2011 Demand deposits -0.8% Passbook savings +17.3% accounts Regulated home -1.9% savings plans Term accounts, PEP +17.0% Mutual funds -14.6% Employee savings +7.8% Life insurance +0.3% Others
Slide 55: Banque Populaire network: loan outstandings
Annex - Commercial Banking and Insurance Banque Populaire network: loan outstandings (in €bn) % change 2012 / 2011 Consumer loans +0,4% Real estate loans +4.0% Short-term credit facilities +16.6% Equipment loans +1.4% Others -4.0% Total loans +3.3% February 17, 2013 Results for the full year 2012 55
Slide 56: Caisse d'Epargne network: savings deposits
Annex - Commercial Banking and Insurance Caisse d’Epargne network: savings deposits (in €bn) % change 2012 / 2011 Demand deposits +6.1% Passbook savings +8.1% accounts Regulated home +3.0% savings plans Term accounts, PEP & +4.8% miscellaneous BPCE bonds placed in +1.8% the CE network Mutual funds -
Slide 57: Caisse d'Epargne network: loan outstandings
Annex - Commercial Banking and Insurance Caisse d’Epargne network: loan outstandings (in €bn) % change 2012 / 2011 Consumer loans +3.5% Real estate loans +8.1% Short-term credit facilities +2.0% Equipment loans +11.1% Others n.s Total loans +8.4% February 17, 2013 Results for the full year 2012 57
Slide 58: 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 Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 233 238 232 218 921 211 199 190 208 808 Operating expenses -145 -169 -1
Slide 59: Wholesale Banking, Investment Solutions and SFS annual income statement
Annex – Wholesale Banking, Investment Solutions and SFS Annual income statement per business line Wholesale Banking, Investment Wholesale Banking Investment Solutions SFS Solutions & Specialized Financial Services en millions d'euros 2012 2011 % 2012 2011 % 2012 2011 % 2012 2011 % Net banking income
Slide 60: Wholesale Banking, Investment Solutions and SFS quarterly income statement
Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement per business line Wholesale Banking, Investment Wholesale Banking Investment Solutions SFS Solutions & Specialized Financial Services en millions d'euros Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Net ban
Slide 61: Wholesale Banking, Investment Solutions and SFS quarterly income statement
Annex – Wholesale Banking, Investment Solutions and SFS Quarterly income statement Wholesale Banking, Investment Solutions & Specialized Financial Services In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 1 598 1 610 1 251 1 437 5 896 1 559 1 509 1 44
Slide 62: Wholesale Banking quarterly income statement
Annex – Wholesale Banking Quarterly income statement Wholesale Banking In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 852 833 550 612 2 847 760 701 686 682 2 829 Operating expenses -437 -441 -391 -406 -1 675 -427 -428 -397 -437 -1 689 Gross operatin
Slide 63: Investment Solutions quarterly income statement
Annex – Investment Solutions Quarterly income statement Investment Solutions In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 474 474 411 531 1 890 512 494 479 584 2 069 Operating expenses -330 -339 -336 -353 0 -1 358 -370 -372 -372 -410 -1 524 Gross
Slide 64: SFS quarterly income statement
Annex – SFS Quarterly income statement SFS In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 272 303 290 294 1 159 287 314 283 306 1 190 Operating expenses -203 -202 -192 -201 -798 -190 -198 -192 -205 -785 Gross operating income 69 101 98 93 361 97 116
Slide 65: Equity interests quarterly income statement
Annex – Equity interests Quarterly income statement Equity interests In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 407 470 416 431 1 724 436 441 424 455 1 756 Operating expenses -359 -355 -342 -404 0 -1 460 -369 -341 -349 -358 -1 417 Gross operatin
Slide 66: Workout portfolio management and Other businesses annual income statement
Annex – Workout portfolio management and “Other businesses” Annual income statement Workout portfolio Workout portfolio Other businesses management & Other management businesses In millions of euros 2012 2011 2012 2011 2012 2011 Net banking income 330 386 -1 007 174 -677 560 Operating expenses -127
Slide 67: Workout portfolio management and Other businesses quarterly income statement
Annex – Workout portfolio management and “Other businesses” Quarterly income statement Workout portfolio Workout portfolio Other businesses management & Other management businesses In millions of euros Q4-12 Q4-11 Q4-12 Q4-11 Q4-12 Q4-11 Net banking income 163 128 -432 -44 -269 84 Operating expenses
Slide 68: Workout portfolio management and Other businesses quarterly income statement
Annex – Workout portfolio management and “Other businesses” Quarterly income statement Workout portfolio management & Other businesses In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 136 187 153 84 560 -308 55 -155 -269 -677 Operating expenses -250 -
Slide 69: Workout portfolio management quarterly income statement
Annex – Workout portfolio management Quarterly income statement Workout portfolio management In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income 172 140 -54 128 386 23 42 102 163 330 Operating expenses -35 -38 -31 -33 0 -137 -30 -40 0 -28 0 -29 0 -127 Gr
Slide 70: Other businesses quarterly income statement
Annex – “Other businesses” Quarterly income statement Other businesses In millions of euros Q1-11 Q2-11 Q3-11 Q4-11 2011 Q1-12 Q2-12 Q3-12 Q4-12 2012 Net banking income -36 47 207 -44 174 -331 13 -257 -432 -1 007 Operating expenses -215 -249 -52 -104 -620 -55 -65 0 -118 -92 -330 Gross operating inco
Slide 71: GAPC: Detailed exposure as of December 31, 2012
Annex – Workout portfolio management and “Other businesses” – GAPC: Detailed exposure as of December 31, 2012 Guaranteed portfolios (Financial Guarantee & TRS) Type of asset Notional Net Value RWA Discount rate (nature of portfolio) before guarantee In €bn In €bn in €bn ABS CDOs 0.9 0.4 59% Other CD
Slide 72: Groupe BPCE: non-performing loans and impairment
Annex – Risks Groupe BPCE: non-performing loans and impairment in millions of euros Dec. 31, 2012 Dec. 31, 2011 Gross outstanding customer loans 586,479 583,062 O/w non-performing loans 21,921 20,255 Non-performing / gross outstanding loans 3.7% 3.5% Impairment recognized1 11,623 11,182 Impairment r
Slide 73: Networks: non-performing loans and impairment
Annex - Risks Networks: non-performing loans and impairment Banque Populaire banks (aggregated) in millions of euros Dec. 31, 2012 Dec. 31, 2011 Gross outstanding customer loans 165,115 160,048 O/w non-performing loans 8,227 7,738 Non-performing/gross outstanding loans 4.98% 4.83% Impairment recogni
Slide 74: Breakdown of commitments as at December 31, 2012
Annex – Risks Breakdown of commitments as at December 31, 2012 Breakdown of commitments by Breakdown of commitments to Corporates and counterparty Professionals by industrial sector 1 of which 13% in France February 17, 2013 Results for the full year 2012 74
Slide 75: Geographical breakdown of commitments
Annex - Risks Geographical breakdown of commitments as at December 31, 2012 Banks Sovereigns1 Corporates 1 Starting in Q3-12, cash management transactions and the bond reserves previously declared with the Banque de France are deemed to be transactions with the ECB and, in this respect, are classifi
Slide 76: 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 Calculated using the methodology drawn up in October 2012 within the framework of capital requir
Slide 77: Exposure to European sovereign risks
Annex – Risks Exposure to European sovereign risks1 (in €m) as at December 31, 2012 based on the model drawn up by the EBA2 in millions of euros Indirect Direct sovereign Provisions and sovereign Net direct exposure, excluding derivatives, at exposure in write-off on Gross direct exposures in the Ne
Slide 78: Exposure to countries subject to a rescue plan
Annex - Risks Exposure to countries subject to a rescue plan Exposure1 to countries subject to a rescue plan at December 31, 2012 (in €bn) Of which Total banking Of which Of which in billions of euros sovereign portfolio corporates "others" debt Greece 0.3 0.0 0.3 0.0 Ireland 1.8 0.2 0.6 1.0 Portuga
Slide 79: Sensitive exposures (excluding Natixis): Foreword
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 se
Slide 80: Summary of sensitive exposures
Annex - Groupe BPCE FSF report at December 30, 2012 Summary of sensitive exposures Groupe BPCE Total Total in millions of euros Natixis (excl. Natixis) Dec. 31, 2012 Sept. 30, 2012 Net exposure CDOs of ABS (Asset-backed Securities) US residential market 0 126 126 141 Net exposure 1,111 3,467 4,578 4
Slide 81: 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, Q4-12 Q4-12 2012 2012 2012 Portfolio at fair value through profit or loss 38 1 0 39 84 Portfolio at fair value
Slide 82: 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, Q4-12 Q4-12 2012 2012 2012 Portfolio at fair value through profit or loss 2 0 0 1 2 Portfolio at fair value through shareholder
Slide 83: 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, Q4-12 Q4-12 2012 2012 2012 Portfolio at fair value through profit or
Slide 84: Protections acquired
Annex - Sensitive exposures (excluding Natixis) Protections acquired Credit enhancers (monoline) Protection acquired from credit enhancers by Crédit Foncier is not included for the appraisal of hedged instruments (valued at zero) In this respect, it does not therefore reflect exposure to credit enha
Slide 85: February 17, 2013 Results for the full year 2012
February 17, 2013 Results for the full year 2012 85