2016 ACTIVITIES AND FINANCIAL INFORMATION Groupe BPCE financial data 4 On-balance sheet deposit outstandings were virtually stable (excluding centralized savings), i.e. -0.3% In a highly competitive savings market, the Caisses d’Epargne saw their onbalance sheet savings deposits (excluding centralized savings) decline versus 2015 to €211.6 billion (-0.3%, -€0.7 billion), in line with the managed decrease in the cost of inflows, resulting in a very steep drop in term deposit outstandings (-€4.6 billion over the year) and due to the impacts of the Eckert Act towards the end of the year (impact of -€830 million, including -€576 million on the Livret A). Passbook savings outstandings continued to fall (-2.1%) due to outflows in household deposits (-€4.3 billion), despite positive inflows in the Banque des Décideurs en Region market (Bank for regional decision-makers) (+€1 billion in these vehicles in 2016). Amid record-low interest rates, some products continued to grow, especially home savings products, still favored by savers and recording +7.1% growth (+3.7 billion). Demand deposits also benefited from this environment, gaining +€4 billion over the year (+7.3%), driven by the individual and professional customer segments, versus no demand deposit inflows for the Banque des Décideurs en Région customer base in 2016. Off-balance sheet savings rose +1.6% to €131 billion, with UCITS outflows (-€0.9 billion) more than offset by the strong showing in life insurance in 2016 (+2.6%, i.e. +€3.1 billion). ➡ CUSTOMER DEPOSITS AND SAVINGS (IN BILLIONS OF EUROS) 398.7 0.2% 399.4 128.9 131.0 2016: another banner year for loan activity The Caisse d’Epargne network was as committed as ever to its role in financing the economy and the regions, with robust growth in loan outstandings (+5.1% on 2015) to €236 billion. Individual customer loan outstandings increased +3.7% on 2015 to €136.6 billion, driven by an upturn in home loans (+3.4%, i.e. +€4.1 billion), with activity boosted by low interest rates, resulting in another strong performance in outstandings in 2016 (€121.8 billion). Equipment loans to professional, business and institutional customers rose +4.4% to €64.5 billion, once again attributable to solid new business momentum in the business customer segment. ➡ LOAN OUTSTANDINGS (IN BILLIONS OF EUROS) 224.6 5.1% 236 28.8 27.3 61.8 64.5 Other Equipment loans Home loans 135.5 12/31/2015 142.7 12/31/2016 4 4 4 4 Off-balance sheet deposits & savings 269.8 268.4 On-balance sheet deposits and savings (incl. centralized savings) 9.1% 12/31/2015 12/31/2016 Financial results The Caisse d’Epargne network generated net banking income of €7.2 billion in 2016, showing a slight decline (-0.4%) compared to 2015 pro forma(1)(-0.9% excluding the change in the home savings provision). in millions of euros Net interest income Fees and commissions Other income and expenses NET BANKING INCOME 2016 4,200 2,990 25 7,216 2015 pf 4,247 3,028 (31) 7,244 Change €m (47) (38) 56 (28) % (1.1%) (1.3%) ns (0.4%) 4 4 4 (1) 2015 results pro forma of the consolidation of overseas banks by Caisse d’Epargne Provence-Alpes-Corse (previously held by BPCE International) over the full year. The accounting method for network renegotiation benefits was standardized between 2015 and 2016, resulting in a pro forma statement for fiscal year 2015. In 2016, renegotiation benefits were spread out in net interest income, whereas in 2015 some institutions recorded them in a single entry under fees and commissions. Registration document 2016 211 4
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