BPCE

BPCE5 FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE at December 31, 2016 Note 11 Commitments The amounts shown correspond to the nominal value of commitments given. 11.1 LOAN COMMITMENTS in millions of euros Loan commitments given to: – Credit institutions – Customers – Credit facilities granted – Other commitments TOTAL LOAN COMMITMENTS GIVEN Financing commitments received from: – Credit institutions – Customers TOTAL LOAN COMMITMENTS RECEIVED 12/31/2016 1,400 114,952 109,694 5,258 116,352 48,781 4,508 53,289 12/31/2015 2,277 104,228 97,451 6,777 106,505 38,638 1,935 40,573 11.2 GUARANTEE COMMITMENTS in millions of euros 12/31/2016 12/31/2015 Guarantee commitments given to: – Credit institutions – Customers* TOTAL GUARANTEE COMMITMENTS GIVEN 5,575 37,191 42,766 3,834 36,724 40,558 Guarantee commitments received from: – Credit institutions – Customers TOTAL GUARANTEE COMMITMENTS RECEIVED 19,847 126,242 146,089 19,543 142,277 161,820 * The guarantees given by CEGC (a subsidiary of Natixis) in connection with its activity are treated as insurance policies for accounting purposes, in accordance with IFRS 4 “Insurance contracts”. They are recorded on the liabilities side of the balance sheet and are not included in guarantees given to customers shown in the table above. Guarantee commitments are off-balance sheet commitments. “Securities pledged as collateral” are included in Note 13 “Transferred financial assets not fully derecognized and other financial assets pledged as collateral”. “Securities received as collateral” that can be sold or repledged are included in Note 13 “Financial assets received as collateral that can be sold or repledged”. Note 12 Related party transactions For Groupe BPCE, related parties are considered to be all consolidated companies, including companies carried under the equity method, and the Group’s key management personnel. The social housing companies in which the Group is the sole major shareholder are also covered. 12.1 TRANSACTIONS WITH CONSOLIDATED COMPANIES All intercompany transactions carried out during the period and balances outstanding at the end of the period with fully consolidated companies are eliminated in full on consolidation. Those include intercompany transactions with: • companies over which the Group exercises joint control (joint operations) in respect of the non-eliminated portion: no significant transactions were identified in this category; • entities over which the Group exercises significant influence and which are equity-accounted (associates). The significant transactions that have been identified were carried out with CNP Assurances group: - under a sales agreement, the Group received commission income amounting to €956 million in 2016 (€886 million in 2015), 300 Registration document 2016Page 2