Natixis — Groupe BPCE — FY2016 Earnings Presentation
74 slides from Natixis's earnings presentation, Feb 9, 2017
Slide 1: Results for full-year 2016
Results for full-year 2016 February 9, 2017
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: Published net income of €4bn in 2016
Published net income of €4bn in 2016 Robust generation of capital chiefly through retained earnings Buoyant business line activities Strong fundamentals Strong momentum in retail banking Revenues2 stand up well despite an interest rate Loan outstandings +3.7%/deposits & savings +1.7% yoy environment
Slide 4: Contents
Contents 1 2 3 4 Results Capital Results of the Conclusion of Groupe adequacy and business lines BPCE liquidity February 9, 2017 Results for full-year 2016 4
Slide 5: 2016 results
2016 results Published attributable net income of €4bn in 2016 2016 underlying / Impact of non Impact of non 2015 pf underlying 2016 2015 pf 2016 economic and 2015 pf economic and underlying underlying In millions of euros exceptional items exceptional items % change Net banking income 24,158 762 23
Slide 6: Q4-16 results
Q4-16 results Attributable net income1,2 equal to €572m, up by 2.8% Q4-16 underlying / Impact of non Impact of non 2015 pf underlying Q4-16 Q4-15 pf Q4-16 economic and Q4-15 pf economic and underlying underlying In millions of euros exceptional items exceptional items % change Net banking income 6,0
Slide 7: Results of Groupe BPCE: cost of risk
Results of Groupe BPCE Cost of risk at a low level of 22bp, lower than the business cycle average (30 to 35bp) Groupe BPCE -14.7% Cost of risk, expressed in basis points2 1,698 1,448 Banque Populaire banks 36 28 40 32 30 29 Cost of risk (€m) 21 excluding exceptional items 2015 2016 Caisses d’Epargne
Slide 8: Revenue and cost synergies
Revenue and cost synergies €623m in revenue synergies Contributions to revenue synergies at December 31, 2016 Per business line 2017 target for additional revenues generated 57% between the Banque Populaire banks, the Caisses 19% Insurance d’Epargne and Natixis: €870m Consumer loans Considerable dev
Slide 9: Contents
Contents 1 2 3 4 Results Capital Results of the Conclusion of Groupe adequacy business lines BPCE and liquidity February 9, 2017 Results for full-year 2016 9
Slide 10: Capital adequacy
Capital adequacy CET1 ratio up 130bp in 2016 to 14.3%1,2 Change in Q4-16 Change in 2016 +33bp +11bp +11bp +2bp +73bp +14bp -13bp +13bp 12,7 %1,2 14,0%2 14.2%2 14.3%1,2 14.3%1,2 14.0% 13.0%1 CET1 ratio Q4-16 Issue of Other CET1 ratio Pro forma Retained Issue of Visa Europe Other CET1 ratio Impact of
Slide 11: Capital adequacy: TLAC
Capital adequacy 2019 TLAC requirement close to being satisfied TLAC ratio (as a % of risk-weighted assets) Total loss-absorbing capacity1 equal to €75.8bn2,3 at the end of 2016 19.3 % Fully-loaded 19.4%2,3 19.5% Assumptions adopted for the trajectory leading 0.4% 1.0% Systemic buffer to compliance
Slide 12: Liquidity
Liquidity Liquidity reserves and short-term funding at December 31, 2016 Total liquidity reserves of Groupe BPCE1 Coverage ratio of short-term funding + (in €bn) MLT debt maturing in the short term 230 by liquidity reserves2 212 177% 196 168% 71 48 158% 61 Short-term funding and MLT debt Cash placed
Slide 13: Liquidity: funding plan
Liquidity 2017 wholesale medium-/long-term funding plan smaller than in 2016; 34% completed at January 31, 2017 104% of the 2016 wholesale MLT funding plan completed at Dec. 31, 2016 Structure of 2016 MLT funding €23.9bn raised in a revised €23bn plan in line with objectives Average maturity at issu
Slide 14: Contents
Contents 1 2 3 4 Results Capital Results of Conclusion of Groupe adequacy and the business BPCE liquidity lines February 9, 2017 Results for full-year 2016 14
Slide 15: Commercial Banking & Insurance
Results of the business lines Commercial Banking & Insurance Results 2016 2015 pf 2016/2015 pf Q4-16 Q4-15 pf Q4-16/Q4-15 pf In millions of euros % change % change Net banking income 14,951 15,314 -2.4% 3,765 3,693 2.0% 1 Net banking income 14,949 15,357 -2.7% 3,722 3,699 0.6% 1 Banque Populaire ban
Slide 16: Commercial Banking & Insurance: resilience of net banking income
Results of the business lines Commercial Banking & Insurance: resilience of net banking income linked to the buoyancy of commercial activities Unless specified to the contrary, all changes are vs. Dec. 31, 2015 Deposits & savings and loan outstandings Contribution to financing the French economy: (i
Slide 17: Banque Populaire banks
Results of the business lines Banque Populaire banks: increase in customer base Unless specified Unless pecified to to the the contrary, contrary, all all changes changes are are vs. vs. Dec. Dec. 31, 31, 2015 2015 Loan outstandings (in €bn) Deposits & savings (in €bn) Customer base Principal active
Slide 18: Caisses d'Epargne
Results of the business lines Caisses d’Epargne: commercial performance buoyed up by the distribution of banking services and new share of the corporate & professional markets Unless specified to the contrary, all changes are vs. Dec. 31, 2015 Loan outstandings (in €bn) Deposits & savings (in €bn) C
Slide 19: Other networks
Results of the business lines Other networks1 Unless specified to the contrary, all changes are vs. Dec. 31, 2015 Core business lines of Crédit Foncier Loan outstandings2 (in €bn) Real estate Financing Principal entity: Crédit Foncier 88 85 82 5 5 Aggregate new loan production of €9.6bn in 2016, of
Slide 20: Core business lines of Natixis
Results of the business lines Core business lines of Natixis: Investment Solutions, Corporate & Investment Banking, SFS Results 2016/2015 pf Q4-16/Q4-15 pf 2016 2015 pf % change Q4-16 Q4-15 pf % change In millions of euros 1 Net banking income 8,105 7,878 2.9% 2,141 2,082 2.8% Investments solutions
Slide 21: Natixis: 2016 net revenues of more than €8.1bn
Results of the business lines Core business lines of Natixis: 2016 net revenues1 of more than €8.1bn Change in core business line net banking Investment Solutions: income before tax -10.2% income1 and income before tax1 – (in €m) vs. 2015 pf Asset management: margins proved to be resilient in 2016 e
Slide 22: Investment Solutions
Results of the business lines Investment Solutions: 2016 marked by the greater development of Insurance activities Asset management Asset management: AuM (in €bn) Discontinuation of fund outflows in Q4-16 +33 Europe: positive net inflows of €7bn in 2016, including €2.2bn in Q4-16 +12 -2 United State
Slide 23: Corporate & Investment Banking
Results of the business lines Corporate & Investment Banking: excellent dynamics enjoyed by Global markets in 2016 Change in net revenues1(in €m) Global markets FIC-T (Foreign Exchange, Interest Rate, Commodities & Global finance & Global markets2 Investment banking Treasury) >Growth in net revenues
Slide 24: SFS: Specialized financing
Results of the business lines SFS: extremely good performance achieved by Specialized financing in 2016 Contribution to Group results Specialized financing Factoring Results 2016 2016/ 2015 pf Q4-16 Q4-16/ Q4-15 pf in millions of euros >Factoring turnover: +21% vs. 2015 generated from Caisse % chang
Slide 25: Contents
Contents 1 2 3 4 Results Capital Results of the Conclusion of Groupe adequacy and business lines BPCE liquidity February 9, 2017 Results for full-year 2016 25
Slide 26: Conclusion
Conclusion Published attributable net income of €4bn, benefiting from capital gains on the disposal of Visa Europe Excluding non economic and exceptional items, the Group generated robust attributable net income in a difficult environment: €3.4bn in 2016, +7.6% vs. 2015 pf Good performance achieved
Slide 27: Annexes
Results for February 9, 2017 full-year 2016 Annexes
Slide 28: Annexes contents
Annexes Organizational structure of Groupe BPCE Commercial Banking and Insurance Income statement Consolidated results of Groupe BPCE Banque Populaire network – Changes in savings and loan Notes on methodology outstandings Income statement : non economic and exceptional items Caisse d’Epargne networ
Slide 29: Organizational structure of Groupe BPCE
Annex – Groupe BPCE Organizational structure of Groupe BPCE at December 31, 2016 9 MILLION COOPERATIVE SHAREHOLDERS 100% 100%* 50% 50% BPCE SA 100% 71% * Indirectly, through Local Savings Companies 29% FLOAT February 9, 2017 Results for full-year 2016 29
Slide 30: Notes on methodology (1/4)
Annex – Consolidated results of Groupe BPCE Notes on methodology (1/4) Presentation of 2015 and 2016 pro-forma quarterly results The segment information was modified as of Q1-16 after the Equity interests division was subsumed into the Corporate center division. On September 18, 2015, BPCE Internati
Slide 31: Notes on methodology (2/4)
Annex – Consolidated results of Groupe BPCE Notes on methodology (2/4) Net banking income Net customer interest income, excluding regulated home savings schemes, is computed on the basis of interest earned from transactions with customers, excluding net interest on centralized savings products (Livr
Slide 32: Notes on methodology (3/4)
Annex – Consolidated results of Groupe BPCE Notes on methodology (3/4) Capital adequacy Common Equity Tier 1 is determined in accordance with the applicable CRR/CRD 4 rules; fully-loaded equity is presented without the application of transitional measures, except for deferred tax assets on tax loss
Slide 33: Notes on methodology (4/4)
Annex – Consolidated results of Groupe BPCE Notes on methodology (4/4) Liquidity Total liquidity reserves include: >Central bank-eligible assets include: ECB-eligible securities not eligible for the LCR, taken for their ECB valuation (after ECB haircut), securities retained (securitization and cover
Slide 34: Income statement: non-economic and exceptional items
Annex – Groupe BPCE Income statement: non-economic and exceptional items 2016 2015 pf Q4-16 Q4-15 pf Net income Net income Net income Net income Income before attributable to Income before attributable to Income before attributable to Income before attributable to tax equity holders tax equity holde
Slide 35: 2015 annual income statement reconciliation
Annex – Groupe BPCE 2015 annual income statement: reconciliation of consolidated data (excl. non-economic and exceptional items) to published consolidated data Net income Impairment of goodwill Income before attributable to in millions of euros Net banking income Operating expense Cost of risk and o
Slide 36: 2016 annual income statement reconciliation
Annex – Groupe BPCE 2016 annual income statement: reconciliation of consolidated data (excl. non-economic and exceptional items) to published consolidated data Impairment of Net income goodwill and other Income before attributable to in millions of euros Net banking income Operating expense Cost of
Slide 37: Q4-15 quarterly income statement reconciliation
Annex – Groupe BPCE Q4-15 quarterly income statement: reconciliation of consolidated data (excl. non-economic and exceptional items) to published consolidated data Net income Impairment of goodwill attributable to equity Income before tax in millions of euros Net banking income Operating expense Cos
Slide 38: Q4-16 quarterly income statement reconciliation
Annex – Groupe BPCE Q4-16 quarterly income statement: reconciliation of consolidated data (excl. non-economic and exceptional items) to published consolidated data Net income Impairment of Income before attributable to Net banking goodwill and other in millions of euros Operating expense Cost of ris
Slide 39: Reconciliation of pro-forma consolidated data
Annex – Groupe BPCE Reconciliation of pro-forma consolidated data to 2015 published consolidated data Groupe BPCE Commercial Banking and Insurance Investment Solutions, CIB and SFS Equity interests Corporate center Standardization of IFRS9 - Standardization of Transfer of Transfer of the IFRS9 - Fin
Slide 40: Reconciliation of pro-forma consolidated data
Annex – Groupe BPCE Reconciliation of pro-forma consolidated data to 2015 published consolidated data Investment Solutions, CIB and Groupe BPCE Commercial Banking and Insurance Equity interests Corporate center SFS Transfer of Standardization of IFRS9 - Standardization of IFRS9 - expenses Transfer t
Slide 41: Reconciliation of pro-forma consolidated data
Annex – Groupe BPCE Reconciliation of pro-forma consolidated data to published consolidated data Groupe BPCE IFRS9 - IFRS9 - IFRS9 - Final SRF Final SRF Restatement Q2-16 Restatement Q3-16 Restatement Q1-16 pub contribution Q1-16 pf contribution Q2-16 pf Q3-16 pf In millions of euros of revaluation
Slide 42: Annual income statement per business line
Annex – Groupe BPCE Annual income statement per business line Investment Commercial Banking Solutions, CIB Corporate center Groupe BPCE & Insurance and SFS in millions of euros 2016 2015 pf 2016 2015 pf 2016 2015 pf 2016 2015 pf % Net banking income 14,951 15,314 8,036 7,878 1,172 490 24,158 23,682
Slide 43: Quarterly income statement per business line
Annex – Groupe BPCE Quarterly income statement per business line Commercial Investment Banking & Solutions, CIB and Corporate center Groupe BPCE Insurance SFS in millions of euros Q4-16 Q4-15 pf Q4-16 Q4-15 pf Q4-16 Q4-15 pf Q4-16 Q4-15 pf % Net banking income 3,765 3,693 2,141 2,082 143 122 6,049 5
Slide 44: Annual income statement
Annex – Groupe BPCE Annual income statement Groupe BPCE in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 pf Q2-16 pf Q3-16 pf Q4-16 2016 Net banking income 6,110 5,912 5,763 5,897 23,682 5,732 6,666 5,712 6,049 24,158 Operating expenses -4,265 -3,929 -3,832 -4,223 -16,249 -4,40
Slide 45: Consolidated balance sheet
Annex – Groupe BPCE Consolidated balance sheet ASSETS in millions of euros Dec. 31, 2016 Dec. 31, 2015 LIABILITIES in millions of euros Dec. 31, 2016 Dec. 31, 2015 C ash and amounts due from central banks 83,919 71,119 Amounts due to central banks 0 0 Financial assets at fair value through profit or
Slide 46: Goodwill
Annex – Groupe BPCE Goodwill Dec. 31, Acquisitions Other Dec. 31, In millions of euros Impairment Conversion 2015 /Disposals movements 2016 Commercial Banking & 901 81 -79 0 -1 902 Insurance entities Natixis 3,453 92 -75 48 -23 3,495 Total 4,354 173 -154 48 -24 4,397 Goodwill impairment is recognize
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, 2015 57,632 Distributions -361 Capital increase (cooperative shares) 1,304 Income 3,988 Remuneration of super-subordinated notes (TSSDI) -99
Slide 48: Reconciliation of shareholders' equity to total capital
Annex – Financial structure Reconciliation of shareholders' equity to total capital1 -1.1 in billions of euros +16.5 +4.8 -4.7 -1.6 -1.2 -2.82 +1,6 72,9 73.0 61.5 59,9 59,9 59,9 58,7 57.6 57,5 55,9 56.0 55,9 Equity Cancellation Non-controlling Goodwill EL/Prov Other Common Additional Tier-1 Tier-2 T
Slide 49: Regulatory capital
Annex -Financial structure Regulatory capital (in €bn) Total capital ratios (as a %) Regulatory capital1 (in €bn) Total capital ratios (as a %) 15.2% 16.7% 18.5% Fully loaded 73.0 65.9 18.7% 1 61.2 15.4 16.8% 1 13.2 1.6 15.6% 1 4.0 10,1 1.6 3.4 0.4 3.8 2.6 21.9 1.0 0.4 21.1 20.2 CET1 CET1 CET1 47.3
Slide 50: Prudential ratios and credit ratings
Annex – Financial structure Prudential ratios and credit ratings Dec. 31, 20161 Dec. 31, 2015 Dec. 31, 2014 Total risk-weighted assets €391bn €391bn €393bn Common Equity Tier 1 capital €55.3bn €50.9bn €46.6bn Tier-1 capital €56.6bn €52.2bn €50.0bn Total capital €72.3bn €65.8bn €60.5bn Common Equity
Slide 51: Breakdown of risk-weighted assets and leverage ratio
Annex – Financial structure Breakdown of risk-weighted assets (in €bn) Leverage ratio Breakdown by business line Leverage ratio1 393 391 391 5% 5% 4% 2 5.0% 5.0% 29% 29% 30% 4.5% 4.7% >3.6% 3.0% 66% 66% 66% Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Minimum Dec. 31, 2014 Dec. 31, 2015 D
Slide 52: Leverage ratio
Annex Leverage ratio1 In billions of euros Dec. 31, 2016 Jan. 1, 2016 pf5 Tier 1 capital 57.6 52.7 Balance sheet total 1,235.2 1,166.5 Prudential restatements -88.8 -68.6 Prudential balance sheet total2 1,146.5 1,097.9 Adjustments related to exposure to derivatives3 -59.6 -48.1 Adjustments related t
Slide 53: Financial conglomerate
Annex Financial conglomerate CRR/CRD IV2 Restatements Financial Financial conglomerate ratio viewpoint conglomerate viewpoint -1.2 Banking CR1 (CRR/CRD IV) Regulatory capital > + Insurance CR1 (Solvency 2) Total capital 72.3 71,1 71,1 71,1 71.1 (in €bn) Transfer from the Basel 3 ratio2 to the 1 2 3
Slide 54: Group customer loan/deposit ratio
Annex – Liquidity Group customer loan/deposit ratio1 138% 2 128% 3 126% 4 121% 5 119% 120% Dec. 2011 Dec. 2012 Dec. 2013 Dec. 2014 Dec. 2015 Dec. 2016 1 Excluding SCF (Compagnie de Financement Foncier, the Group’s société de crédit foncier – a French legal covered bonds issuer) 2 Change in method on
Slide 55: Annual income statement per business line
Annex – Commercial Banking & Insurance Annual income statement per business line Commercial Banking & Banque Populaire banks Caisses d'Epargne Other networks Insurance in millions of euros 2016 2015 pf % 2016 2015 pf % 2016 2015 pf % 2016 2015 pf % Net banking income 6,295 6,495 -3.1% 7,216 7,244 -0
Slide 56: Quarterly income statement per business line
Annex – Commercial Banking & Insurance Quarterly income statement per business line Commercial Banking & Banque Populaire banks Caisses d'Epargne Other networks Insurance Q4-15 Q4-15 Q4-15 Q4-15 in millions of euros Q4-16 % Q4-16 % Q4-16 % Q4-16 % pf pf pf pf Net banking income 1,590 1,553 2.4% 1,79
Slide 57: Annual income statement
Annex – Commercial Banking & Insurance Annual income statement Commercial Banking & Insurance in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 pf Q2-16 pf Q3-16 pf Q4-16 2016 Net banking income 3,914 3,846 3,861 3,693 15,314 3,784 3,718 3,684 3,765 14,951 Operating expenses -2,
Slide 58: Banque Populaire banks and Caisses d'Epargne
Annex – Commercial Banking & Insurance Annual income statement: Banque Populaire banks and Caisses d’Epargne Banque Populaire banks in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 pf Q2-16 pf Q3-16 pf Q4-16 2016 Net banking income 1,645 1,633 1,664 1,553 6,495 1,582 1,583 1,53
Slide 59: Banque Populaire: customer deposits & savings
Annex – Commercial Banking & Insurance Banque Populaire retail network: customer deposits & savings (in €bn) 241.3 229.5 217.1 % change Dec. 16/Dec. 15 69.6 61.7 54.4 Demand deposits +12.8% Passbook savings accounts +3.7% 44.2 45.9 42.6 Regulated home savings +7.5% 16.3 17.8 19.1 plans 29.9 30.9 29.
Slide 60: Banque Populaire: customer loan outstandings
Annex – Commercial Banking & Insurance Banque Populaire retail network: customer loan outstandings (in €bn) 182.2 167.4 172.6 % change Dec. 16/Dec. 15 Home loans +7.0% 101.3 89.9 94.7 Consumer loans +11.2% Short-term credit facilities +9.7% 6.8 7.4 8.2 11.1 11.8 12.9 Equipment loans +1.6% Other ns 5
Slide 61: Caisse d'Epargne: customer deposits & savings
Annex – Commercial Banking & Insurance Caisse d’Epargne retail network: customer deposits & savings1,2 (in €bn) 398.7 399.4 388.0 % change Dec. 16/Dec. 15 48.3 55.4 59.5 Demand deposits +7.3% Passbook savings accounts -2.1% 128.0 122.9 120.3 Regulated home savings +7.1% plans Term accounts -21.4% 46
Slide 62: Caisse d'Epargne: customer loan outstandings
Annex – Commercial Banking & Insurance Caisse d’Epargne retail network: customer loan outstandings1 (in €bn) 236.0 224.6 % change 213.8 Dec. 16/Dec. 15 Home loans +5.3% 142.7 128.2 135.5 Consumer loans +6.8% Short-term credit facilities +2.9% Equipment loans +4.4% 13.1 14.0 11.6 8.4 8.9 9.2 Other ns
Slide 63: Annual income statement - Other networks
Annex – Commercial Banking & Insurance Annual income statement - Other networks (*) Other networks in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 pf Q2-16 pf Q3-16 pf Q4-16 2016 Net banking income 388 405 401 381 1,575 349 350 357 384 1,440 Operating expenses -254 -224 -219 -
Slide 64: Annual income statement per business line
Annex – Investment Solutions, Corporate & Investment Banking, and SFS Annual income statement per business line Investment Solutions, CIB Corporate & Investment Specialized Financial Investment Solutions and Specialized Financial Banking Services Services in millions of euros 2016 2015 pf % 2016 201
Slide 65: Quarterly income statement per business line
Annex – Investment Solutions, Corporate & Investment Banking, and SFS Quarterly income statement per business line Corporate & Investment Specialized Financial Investment Solutions, CIB and Investment Solutions Banking Services Specialized Financial Services Q4-15 Q4-15 Q4-15 Q4-15 in millions of eu
Slide 66: Annual income statement
Annex – Investment Solutions, Corporate & Investment Banking, and SFS Annual income statement Investment Solutions, Corporate & Investment Banking and Specialized Financial Services in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 Q2-16 Q3-16 Q4-16 2016 Net banking income 1,953
Slide 67: Investment Solutions annual income statement
Annex – Investment Solutions, Corporate & Investment Banking, and SFS Annual income statement Investment Solutions in millions of euros Q1-15 Q2-15 Q3-15 Q4-15 2015 Q1-16 Q2-16 Q3-16 Q4-16 2016 Net banking income 823 846 840 1,006 3,515 825 832 804 904 3,364 Operating expenses -583 -576 -569 -648 -2
Slide 68: Corporate & Investment Banking annual income statement
Annex – Investment Solutions, Corporate & Investment Banking, and SFS Annual income statement Corporate & Investment Banking in millions of euros Q1-15 Q2-15 Q3-15 Q4-15 2015 Q1-16 Q2-16 Q3-16 Q4-16 2016 Net banking income 806 842 665 742 3,056 782 887 757 896 3,322 Operating expenses -492 -459 -416
Slide 69: Specialized Financial Services annual income statement
Annex – Investment Solutions, Corporate & Investment Banking, and SFS Annual income statement Specialized Financial Services in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 Q2-16 Q3-16 Q4-16 2016 Net banking income 324 335 315 334 1,308 343 341 325 341 1,350 Operating expenses
Slide 70: Corporate center annual income statement
Annex – Corporate center Annual income statement Corporate center in millions of euros Q1-15 pf Q2-15 pf Q3-15 pf Q4-15 pf 2015 pf Q1-16 pf Q2-16 pf Q3-16 pf Q4-16 2016 Net banking income 242 43 82 122 490 888 141 143 1,172 Operating expenses -367 -236 -238 -279 -1,120 -459 -292 -235 -327 -1,313 Gro
Slide 71: Non-performing loans and impairment
Annex – Risks Groupe BPCE: non-performing loans and impairment In millions of euros Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014 Gross outstanding customer loans 679,176 629,775 623,256 O/w non-performing loans 23,427 23,098 22,919 Non-performing/gross outstanding loans 3.4 % 3.7% 3.7% Impairment recog
Slide 72: Breakdown of commitments at December 31, 2016
Annex – Risks Breakdown of commitments at December 31, 2016 Breakdown of commitments Breakdown of commitments to Corporates per counterparty per economic sector Finance & Insurance 13.0% 5% Real estate rentals 11.4% 27% 9% Energy 10.6% Real estate 9.6% Holding companies & diversified 7.1% 4% Transpo
Slide 73: Geographical breakdown of commitments
Annex – Risks Geographical breakdown of commitments at December 31, 2016 Central administrations/ central banks and other Institutions foreign exposures Corporates 5% 2% 1% 1% 4% 4% 14% 15% 10% 11% 15% 15% 36% 33% 66% 68% France Centralization of regulated savings Europe excluding North & Asia/Ocean
Slide 74: Results for full-year 2016
February 9, 2017 Results for full-year 2016 74