Paris, February 13, 20184th QUARTER AND FULL-YEAR 2017 RESULTS OF GROUPE BPCE NET income attributable to equity holders of the parent STABLE at €3.4bn[1]Asset & Wealth Management and Corporate & Investment Banking divisions: robust performanceBuoyant results from the Retail Banking divisionINCOME BEFORE TAX: €6.1bn1, up 4.1% Net banking income up 2,1%1 Growth driven by Asset & Wealth Management, Corporate & Investment Banking, and Insurance Operating expenses up 1.7%1 Related to the development of the business lines Cost of risk low at 20bpsNEW Consolidation of financial strength CET1 ratio equal to 15.4%[2], 120bps since December 31, 2016 TLAC ratio equal to 20.8%2, 150bps since December 31, 2016 Estimated impact of the initial application of IFRS 9: approximately -20bps[3] on the CET1 ratio On February 13, 2018, the Supervisory Board of Groupe BPCE convened a meeting chaired by Michel Grass to examine the Group's financial statements for the full year and fourth quarter of 2017. François Pérol, Chairman of the Management Board of Groupe BPCE, said: « The results for 2017 confirm the resilience of our universal banking model. The business lines of
NATIXIS have again performed extremely well, in the area of both Asset & Wealth Management (revenues up by 14.5%) and Corporate & Investment Banking ( 7.3%1). The Insurance and Payments activities have continued to enjoy strong growth and are confirming their role as true growth drivers for our Retail Banking and Insurance business lines. The commercial dynamism of our retail banking networks - which achieved record-breaking levels of new loan production worth 125 billion euros in 2017 overall - has made it possible to limit the unfavorable impact on our revenues created by low interest rates. Thanks to tightly managed growth in our expenses and a low cost of risk (at 20 basis points), the Group's net income remains stable at 3.4 billion euros1. The Group's balance ...
