Results bpce q4_12

February 17, 2013

Results for the full year 2012

Results for the full year 2012February 17, 2013 2

This presentation may contain forward-looking statements and comments relating to the objectives and strategy of Groupe BPCE. By theirvery nature, these forward-looking statements inherently depend on assumptions, project considerations, objectives and expectations linkedto future events, transactions, products and services as well as on suppositions regarding future performance and synergies.

No guarantee can be given that such objectives will be realized; they are subject to inherent risks and uncertainties and are based onassumptions relating to the Group, its subsidiaries and associates and the business development thereof; trends in the sector; futureacquisitions and investments; macroeconomic conditions and conditions in the Group’s principal local markets; competition and regulation.Occurrence of such events is not certain, and outcomes may prove different from current expectations, significantly affecting expectedresults. Actual results may differ significantly from those anticipated or implied by the forward-looking statements. Groupe BPCE shall in noevent have any obligation to publish modifications or updates of such objectives.

Information in this presentation relating to parties other than Groupe BPCE or taken from external sources has not been subject toindependent verification; the Group makes no statement or commitment with respect to this third-party information and makes no warrantyas to the accuracy, fairness or completeness of the information or opinions contained in this presentation. Neither Groupe BPCE nor itsrepresentatives shall be held liable for any errors or omissions or for any harm resulting from the use of this presentation, the content of thispresentation, or any document or information referred to in this presentation.

The financial information presented in this document relating to the fiscal period ended December 31, 2012 has been drawn up in compliancewith IFRS guidelines, as adopted in the European Union.

The consolidated financial statements of Groupe BPCE for the fiscal period ended December 31, 2012 approved by the Management Board at ameeting convened on February 13, 2013, were verified and reviewed by the Supervisory Board at a meeting convened on February 17, 2013.

This presentation includes financial data related to publicly-listed companies which, in accordance with Article L. 451-1-2 of the FrenchMonetary and Financial Code (Code Monétaire et Financier), publish information on a quarterly basis about their total revenues per businessline. Accordingly, the quarterly financial data regarding these companies is derived from an estimate carried out by Groupe BPCE. Thepublication of Groupe BPCE’s key financial figures based on these estimates should not be construed to engage the liability of theabovementioned companies.

The audit procedures relating to the consolidated financial statements for the year ended December 31, 2012 have been substantiallycompleted. The reports of the statutory auditors regarding the certification of these consolidated financial statements will be publishedfollowing the verification of the Management Report and the finalization of the procedures required for the registration of the referencedocument.

Notes on methodologyCapital is now allocated to Groupe BPCE’s core business lines on the basis of 9% of average risk-weighted assets against 7% in 2011.Furthermore, the consumption of capital related to the securitization operations involving a deduction from regulatory Tier 1 and Tier 2capital is now attributed to the core business lines. Related figures are published on a pro-forma basis to account for this new allocation.

The Eurosic and Foncia equity interests, sold in June and July 2011, have been reclassified under "Other Businesses".Groupe BPCE sold part of its equity interest in Volksbank International AG (previously attributed to the Commercial Banking and InsuranceDivision) on February 15, 2012. On December 31, 2011, the financial items corresponding to the businesses in the process of divestmentwere reclassified under "Other Businesses" and non-divested businesses were attributed to the Equity Interests division.The effects of operations related to the active management of the Crédit Foncier balance sheet (disposal of securities and debt buybacks)have been carried under “Other Businesses” as of Q2-12.The segment information of Groupe BPCE has been restated accordingly for previous reporting periods.

Disclaimer


Key messages

� Core Tier 1 ratio of 10.7%5 under Basel 2.5 at December 31, 2012, +160 basis points in 1 year

� Common Equity Tier 1 ratio under Basel 3 of 9%4,5 at Dec. 31, 2012, ahead of the target

� Goal to reduce liquidity requirements by €35bn achieved 1 year in advance; liquidity reserves of €144bn at December 31, 2012, equal to an increase of €34bn in 1 year

� MLT funding plan 50%6 complete at January 31, 2013

Enhancement of the Group’s financial structure in 2012

� 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 Natixis’ performance, and optimization of the allocation of equity within the Group

� An operation that creates value for Natixis’ shareholders: exceptional payment of dividends2 for a total of €2bn (€0.65 per share), improvement of the cost/income ratio3, enhanced ROTE3 (from 8.1% before the operation to 8.5% after the operation)

� No impact on Groupe BPCE results and marginal impact on its capital adequacy (estimated 15 basis points decline in the Common Equity Tier 1 ratio under Basel 34 on a pro forma basis at December 31, 2012)

Project aimed at simplifying the Group’s structure

1 1.05 x the aggregate equity of the BP and CE 2 Proposal submitted to the Extraordinary General Shareholders’ Meeting 3 Excluding non-operating items – 2012 pro forma vs. real 20124 Without transitional measures and after restatement for deferred tax assets and subject to the finalization of regulatory provisions 5 Estimate 6 Including amounts raised end of 2012 in excess of the 2012 program


Key messages

� Banque Populaire and Caisse d’Epargne retail networks o Strong growth in the number of active customers, leading to substantial growth

in on-balance sheet savings deposits and continued support given to the French economy

� Crédit Fonciero Active balance sheet management with the disposal of international assets for a

total of €4.9bn since Nov. 30, 2011; 7% cost reduction vs. 2011; launch of the project to pool IT resources with the Caisses d’Epargne platform

� Natixiso Adoption of the “Originate to distribute” model by the Wholesale Banking arm

and implementation of the Operating Efficiency Program, the goal of reducing capital and liquidity consumption achieved one year earlier than planned

Continued adaptation of the business models developed by the core business lines

1 Pro forma to account for the disposal of Eurosic and Foncia in June and July 2011

� Stability in core business line revenues at €20.9bn (-1.0% vs. 2011)

� Net income attributable to equity holders of the parent (excluding revaluation of the Group’s own debt) of €2.34bn (-5.9% vs. 20111)

� Net income attributable to equity holders of the parent of €2.15bn

Solid 2012 results in a tight business environment


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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


Structure of the Group before the operation Structure of the Group after the operation

Ownership loop of the Banque Populaire banks

and Caisses d'Epargne by Natixis

Banque Populaire banks and Caisses d'Epargne

wholly-owned by their cooperative shareholders

50%50%

72%

28%

Cooperative shareholders

Free float

CCIs20%

CCIs20%

80%80%

50%50%

72%

28%

Cooperative shareholders

Free float

100%100%

1. Projected buy-back operation in view of subsequent cancellation, for a total of €12.1bn1, by the Banque Populaire banks and Caisses d’Epargneof Cooperative Investment Certificates (CCIs) held by Natixis

1 1.05 x the aggregate equity of the BP and CE


� The projected operation has been made possible by the far-reaching transformation of Natixis’ business model

o Activities refocused on customer franchises and the creation of the Wholesale Banking armo Substantially reduced risk profileo Revived profitabilityo Strong position within Groupe BPCE

Natixis, a fully integrated subsidiary in Groupe BPCE, is the BPCE’s publicly listed vehicleresponsible for the Group’s core business lines in pursuit of its long-term strategy

1. Objective and impacts of the projected operation

Threefold objective

1 Estimate without transitional measures after restatement to account for deferred tax assets and subject to the finalization of regulatory provisions

� No impact on the results as it consists of an internal operation

� Marginal impact on the Common Equity Tier 1 ratio under Basel 31 pro forma at Dec. 31, 2012

Estimated decline of 15 basis points, corresponding to the distribution of dividends to the minority shareholders of Natixis

Impacts on Groupe BPCE

Simplification of the Group’s structure

Clearer appreciation of Natixis’ activities and

results

Optimization of the allocation of equity within

the Group


� February 17, 2013o Approval of the operation in principle by the Natixis Board of Directors and the BPCE

Supervisory Board

� June 2013o Opinion of the employees’ representatives about the operationo Report from Ricol Lasteyrie consulting firm on the accounting and prudential impacts of the

projected operation for the BP banks and CEo Meeting of the employee representative bodies of the BP banks, the CE, Natixis and BPCEo Signature of a final memorandum of understanding between the BP banks, the CE, Natixis and

BPCE

� Mid-July 2013o Special meeting of holders of CCIs who vote on the buy-back operationo Extraordinary General Meetings of the BP/CE, BPCE and Natixis on the terms and conditions of

the CCI buy-back operation and the capital reduction

� Late July/early August 2013o Meeting of the BP/CE Boards, the Board of Directors of Natixis and the BPCE Management

Board marking the official launch of the CCIs buy-back and exceptional dividend payment of Natixis

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


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6. Conclusion


2. Groupe BPCE resultsNon 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 exchange »

+91 - - -

• MBIA commutation -52 - - -

Net banking incomeImpact of non operational items

-558 +295 -150 +186

• Greek government bonds impairment -24 -921 - -70

Cost of riskImpact of non operational items

-24 -921 - -70

• Sale of equity interests - - -187 - -187

• Goodwill impairment and value adjustments -280 -89 -276 -60

Income before tax

Impact of non operational items-862 - -902 -426 - -131

Net income attributable to equity holders of the parent

Impact of non operational items-607 -723 -346 -187

1 Concerns Natixis and Crédit Foncier


� Stability in the core business lines’ revenues in a depressed environment

� The rise in the cost of risk reflects the deterioration in the economic environment and theimpact of a specific case of funding of a financial leasing activity in partnership with aspecialized company (+13.3% excl. the impact of this specific case)

� Net income attributable to equity holders of the parent excluding revaluation of own debt: €2,344m, -5.9% vs. 20111

2. Groupe BPCE 2012 results – excl. non operational itemsSolid results in a sluggish environment

1 Pro forma to account for the disposal of Eurosic and Foncia in June and July 2011 2 Commercial Banking and Insurance, Wholesale Banking, Investment Solutions and Specialized Financial Services

in millions of euros 20122012/ 20111

Corebusiness

lines2

2012

2012/ 2011

Net banking income 22,504 -1.2% 20,867 -1.0%

Operating expenses

Excl. new fiscal measures

-15,935-15,760

+2.1%+1.0%

-14,061-13,913

+2.9%+1.8%

Gross operating income

Cost/income ratio

6,56970.8%

-8.3%+2.3pts

6,80667.4%

-8.1%+2.5pts

Cost of risk -2,176 +17.7% -1,788 +22.5%

Income before tax 4,605 -16.6% 5,236 -14.7%


2,754 -18.3% 3,075 -18.2%

ROE 9% -2.0pts


2. Groupe BPCE quarterly resultsExcluding non operational items

1 Commercial Banking and Insurance, Wholesale Banking, Investment Solutions and Specialized Financial Services

in millions of euros Q4-12Q4-12 / Q4-11

Corebusiness

lines1

Q4-12

Q4-12 / Q4-11

Net banking income 5,662 +0.2% 5,326 -

Operating expenses -4,157 +2.0% -3,678 +4.0%

Gross operating income

Cost/income ratio

1,50573,4 %

-4.5%+1.3pt

1,64869,1%

-7.8%+2,6%

Cost of risk -644 +5.3% -469 +15.2%

Income before tax 915 -12.4% 1,239 -13.2%


521 -12.4% 728 -15.5%

ROE 8% -1.0pt


� Good performance achieved by businessesrelated to financing, running significantlyahead of the linearized objective

> Strong growth enjoyed by consumer financebuoyed up, in particular, by the launch of thepersonal loan offering in the Banque Populairebanks

> Sustained growth of leasing activities in theCaisses d’Epargne

� Adverse environment for financial savings

Three major contributions (as a % of additional net banking income generated)

2013 objective€810m€616m

Linearized objective :€608m

End of December 2012

Revenue synergies between Natixis and the Banque Populaire and Caisse d’Epargne networks

� Cost synergies worth a total of at December 31, 2012 for the Group as a whole, ahead of the target fixed for the end of 2013 (€1bn excluding the Operating Efficiency Program adopted by Natixis)

� Rationalization of third-party expenses,optimization of group purchasing andpooling of IT-related costs

2. Groupe BPCE 2012 resultsSynergies ahead of the target

Cost synergies

€930m


Q4-11 Q1-12 Q2-12 Q3-12 Q4-12

Groupe BPCE2

2. Groupe BPCE resultsRising trend in the core business lines’ cost of risk reflecting the deterioration of the economic environment

Cost of risk in bp

1 Cost of risk expressed in annualized basis points on gross customer loan outstandings at the beginning of the period (excluding depreciation on a specific item in Q4-11, Q1-12 and Q2-12)2 Excluding Greek government bonds impairment

Commercial Banking and Insurance1

Wholesale banking,Investment Solutions,

and SFS

Core business lines1


2. Groupe BPCE resultsGAPC : pursuit of the asset-disposal program

� Pursuit of the asset-disposal program:€3.6bn disposed of in 2012

� €1.7bn decline in risk-weighted assets overQ4-12

� 58% decline in risk-weighted assets sinceJune 2009

� No significant impact of GAPC on theGroup’s net income

Risk-weighted assets1 (in €bn)

Contribution of GAPC to the net income attributable to equity holders of the parent (in €m)

1 Risk-weighted asset calculated under Basel 2.5 since Dec. 31, 2011


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6. Conclusion


3. Capital adequacy and liquidityCapital adequacy enhanced by 160bp since Dec. 31, 2011: Basel 2.5 Core Tier-1 of 10.7%1

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 forma of the full reimbursement of the French state

Change in capital (in €bn) and ratios2


3. Capital adequacy and liquidityAchieved target of Common Equity Tier 1 ratio under Basel 3, without transitional measures1, > 9% in 2013

-10 bp

> 9,0 %

-15 bp

9.0%

1

1 Estimate after restatement for deferred tax assets and subject to the finalization of regulatory provisions

≈ -170 bp

10.7%

9.5%

9.0%

1 1

-


3. Capital adequacy and liquidity Reduction of the Group’s wholesale funding requirements: target achieved a year in advance

> €71bn reduction in liquidity requirements betweenearly 2009 and the end of December 2012

> Asset disposals in 2012: €2.1bn at WholesaleBanking and €3.6bn at GAPC

> Reduction of €21.7bn vs. June 30, 2011

> Continued increase in on-balance sheet depositsthrough the BP and CE retail networks: loan-to-deposit ratio of 114%1 at December 31, 2012

> Asset disposals in 2012: €3.6bn at Crédit Foncier

> Reduction of €12.9bn vs. June 30, 2011

Natixis (Wholesale Banking and GAPC)Rest of the Group, including Commercial Banking and Insurance

Overall target of reducing

liquidity requirements

between €25bn and €35bn between June 30, 2011

and Dec. 31, 2013

€11.0bn

Midpoint objective:€30bn

€22.9bn

Progress report for the Group as a whole

1 Estimate


1 Estimate

Liquidity reserves/short-term refinancing outstandings (as a %)

94% 140%

3. Capital adequacy and liquidityLiquidity reserves and ST refinancing at December 31, 2012

Liquidity reserves (in €bn)

ST1 refinancing outstandings (in €bn)


3. Capital adequacy and liquidityMLT funding: 50% of the 2013 program completed at January 31, 2013 (incl. amounts raised in excess of the 2012 program)

� 2013 MLT funding plan for a total of €21bn,down from €24.5bn in 2012

� €10.6bn1 raised from the 2 funding pools > Unsecured bond issues: €6.8bn> Covered bond issues: €3.8bn

� Average maturity at issue: 5.8 years at January 31, 2013

� At an average mid-swap rate of +60 bp

� BPCE’s MLT funding pool> 59% of the €14bn program completed> €8.3bn1 raised with an average maturity of

4.0 years

� CFF’s MLT funding pool> 33% of the €7bn program completed> €2.3bn1 raised with an average maturity of

12.1 years

Medium/long-term funding plan completed at January 31, 2013

Change in spreads (in bp)

1 Including €5.4bn raised in excess of the 2012 plan and allocated to the 2013 plan (€4.0bn from the BPCE funding pool and €1.5bn from the CFF funding pool)

0

50

100

150

200

250

300 BPCE : issuing spreads for 5 years unsecured bonds (in bp)


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6. Conclusion


4. Results of the core business lines Commercial Banking and Insurance

in millions of euros 20122012/2011

% changeQ4-12

Q4-12/ Q4-11

% change

Net banking incomeExcluding changes in provisions for home purchase savings schemes

14,77914,846

-2.6%-1.8%

3,7543,794

-3.4%-2.0%

BP BP - excluding changes in provisions for

home purchase savings schemes

6,0326,049

-4.7%-3.6%

1,5021,522

-6.0%-2.5%

CECE - excluding changes in provisions for

home purchase savings schemes

6,7566,806

-0.7%+0.2%

1,7431,762

-0.5%-0.3%

Real estate Financing 808 -12.3% 208 -4.6%

Insurance, International and Other networks 1 183 +5.2% 301 -5.9%

Operating expensesExcl. new fiscal measures

-10,063-9,933

+2.3%+1.0%

-2,626 +1.9%

Gross operating incomeCost/income ratio

4,71668.1%

-11.8%+3.3pts

1,12870.0%

-14.0%+3.7pts

Cost of risk1 -1,447 +13.3% -364 +2.2%

Income before tax 3 472 -18.1% 821 -17.6%


2,233 -20.8% 536 -18.4%

ROE 8% -2pts 7% -2pts

1 Cost of risk excluding the impact of a specific case of funding of a financial leasing activity in partnership with a specialized company: +6.6% 2012 vs.2011


4. Results of the core business linesCommercial Banking and Insurance

� A solid growth in commercial activity> Growth in on-balance sheet savings deposits

(+7.2%1), buoyed up by passbook savings accounts(+10.0%) and term accounts (+12.5%)

> New significant rise in loan outstandings (+6.0%)despite a sluggish economic climate that isdepressing demand and new loan production

� Net banking income: €14.8bn, -1.8%2 vs. 2011

> Limited decline in revenues in an adverse businessenvironment: continued decline in interest rates,regulations governing commissions (reduction incommissions on centralized savings deposits, losson foreign exchange commissions)

> Net interest margin of the BP and CE retail networks(+3.1%2),

> Commissions earned by the BP and CEretail networks (-4.9%)

� Limited growth in operating expenses: +1,0%3 vs. 2011

� Cost of risk: €1.4bn, + 13.3% vs. 2011> Level of collective provisions raised in response to a

deterioration in the economic climate

> Higher level of risk on corporate customers (markedincrease in company failures in 2012)

1 Excluding centralized savings products 2 Excluding changes in provisions for home purchase savings schemes 3 Excluding impact of new fiscal measures 4 Cost of risk expressed in annualized bp on gross customer loan outstandings at the beginning of the period (excluding provisions booked in relation to a specific case in Q4-11, Q1-12 and Q2-12)

Unless specified to the contrary, all changes are vs. Q4-11

Cost of risk (in bp4)

Contribution to income before tax in 2012


� 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 developments:

� Online branches rolled out by all Group entities,� High public visibility of the websites of both retail banking networks:

� 54 million monthly visits to the Caisse d’Epargne website� 25 million monthly visits to the Banque Populaire account

management site� 2.7 million mobile applications downloaded in 2012 for both retail

networks

� Launch of the “Digital Enterprise” program throughout the Groupo Starting in 2013, customers visiting their branches will be able to subscribe for

a savings contracts using a digital tablet, thereby avoiding the use of printed paper documents

Renewed local presence in line with behavioral and technological changes

� Enhanced synergies with Natixiso Distribution of consumer finance solutions: building on Natixis’ know-how

developed in the Caisses d’Epargne, general rollout of the consumer finance distribution tool (VCC) in the Banque Populaire banks (new loan production in 2012 up 4% in a depressed market down 4%)

o Factoring: 4.4% growth in factored sales, reaching a total of €15.1bn

� Ambition Banker Insurero Continued consolidation of the distribution of provident and non-life insurance

products within the Group’s entities, with significant growth in 2012 results:� Net sales of non-life insurance contracts: +50%; Provident insurance

contracts: +81%� Portfolio of 4.5 millions contracts

Concrete initiatives 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


4. Banque Populaire banks results

� Customer base: continued success in placingproducts and services with individualcustomers

> Individual customers: +3.3% for active customers using banking services; +4.9% for active customers using banking services and insurance products

> Professional and corporate customers: +1.6%

� Savings: growth in on-balance sheet savings (+6.0%1)

> Passbook savings accounts held by individualcustomers (deposits +17.3%)

> Development of term accounts among professionaland corporate customers (deposits +22.7%), inarbitrage with mutual funds

> Stability in life insurance funds

� Loan outstandings: +3.3%> Home loans: outstandings stood up well +4.0%;

25% decline in new loan production vs. 2011 but lessthan the market overall (-26.4%2)

> Consumer finance: outstandings oriented upwards(+0.4%); new loan production +5% vs. 2011 thanksto the development of synergies with Natixis

> Corporate customers: slower growth enjoyed byequipment loans (+1.4%) but rapid expansion inshort-term credit facilities (+16.6%), reflecting amore uncertain economic environment


Savings deposits: growth in 1 year (as a %)

Loan outstandings (in €bn)

1 Excluding centralized savings products 2 Source: Observatoire Crédit Logement


4. Caisses d’Epargne results

� Customer base: continued dynamicdevelopment

> +313,000 active individual customers in 2012,including +247,000 principal active customers usingbanking services

> Annual growth rate of 7% in the base of activeprofessional customers and of 9% for corporatecustomers

� Savings: growth in on-balance sheetsavings (+8.1%1)

> Dynamic performance in all on-balance sheetsavings segments: passbook account savings(+8.1%), demand deposits (+6.1%) and termaccounts (+4.8%)

> Life insurance stood up well (life funds +1.3%)despite the adverse market conditions

� Loan outstandings: +8.4%> Real estate loans (+8.1%) with a limited decline in

new loan production (-17% vs. 2011) comparedwith the market (-26.4%2)

> Consumer finance: buoyant growth in outstandings(+3.5%) while new production remained stable in asluggish environment

> Equipment loans: outstandings +11.1%, driven bythe growing customer base


Savings deposits: change over the past year (as a %)

Loan outstandings (in €bn)

1 Excluding centralized savings products 2 Source: Observatoire Crédit Logement



4. Results of the core business linesReal estate Financing1: dynamic commercial activity in a depressed market

� Implementation of the 2012-2016 strategic plan of Crédit Foncier

> Continued drive to reduce assets & liabilities:international portfolio disposals

� Sale of international securities: €3.6bn in 2012, or€4.9bn since the plan was first launched

� Debt buybacks: €1.3bn in 2012, or €2.3bn since theplan was first launched

� Net impact on net banking income in 2012: -€41m(listed under “Other businesses”)

> Cost-cutting plan

• Agreement on the forward-looking management ofretirement: final rate of adherence of 88%

• Launch of the plan to pool the IT resources of CFF andthe Caisses d’Epargne

• 7% reduction in costs vs. 2011

> Change in the business model: launch of the first syndication operations in the Corporates sector and the securitization of individual customer receivables (€1bn securitized in 2012)

� Activity> Individual customers: moderate decline in new loan

production (-15%) in a depressed market, buoyed up bya stronger presence in lending to first-time buyers andloans to facilitate home-ownership for low-incomefamilies (Crédit Foncier market share > 40%3)

> France Corporates: strong resilience of lending to thesocial housing sector

1 Principal entity contributing to the core business line: Crédit Foncier 2 2011 loan outstandings and new loan production, excl. International Corporates 3 Source : SGFGAS, January 2013

New loan production2 (in €bn)

Loan outstandings2 (in €bn)


4. Results of the core business linesCore business lines of Natixis: Wholesale Banking, Investment Solutions, Specialized Financial Services


% changeQ4-12

Q4-12/ Q4-11

% change

Net banking income 6,088 +3.3% 1,572 +9.4%

Wholesale Banking 2,829 -0.7% 682 +11.3%

Investment Solutions 2,069 +9.4% 584 +9.9%

SFS 1,190 +2.7% 306 +4.3%

Operating expenses -3,998 +4.4% -1,052 +9.6%

Gross operating incomeCost/income ratio

2,09065.7%

+1.2%+0.7pt

52067.0%

+9.0%+0.1pt

Cost of risk -341 +86.3% -105 x2.1

Income before tax 1,764 -7.1% 418 -3.2%


842 -10.4% 192 -6.3%

ROE 14% +1pt 14% +4pts

Contribution figures ≠ figures published by Natixis


Capital markets

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

� Commercial Banking> 7% growth in Q4-12 net revenues driven by dynamic

activity with corporate customers> 12% decline in 2012 revenues vs. 2011 in line with

the reduction of scarce-resource consumption

� Structured Finance> Net revenues stabilized in Q4-12 and inched down 4%

in 2012 vs. 2011 despite the additional deleveragingprogram (including €1.3bn of asset disposals in 2012)

� Fixed Income, Forex, Commodities andTreasury businesses

> Net banking income up 2% in Q4-12 vs. Q4-11 and by16% in 2012 vs. 2011 notably thanks to debt platformactivities

> Front-ranking positions in euro-denominated primarybonds:

• # 1 on covered bonds1

• # 1 for European agencies2

• # 2 for French Corporate issuers3

� Equities> 7% revenue growth in Q4-12 vs. Q3-12, driven by

brisk business in derivatives

Change in revenues (in €m)Financing activities


Change in revenues (in €m)

1 Source: Dealogic & IFR – Thomson Reuters2 In number of operations – Source: IFR – Thomson Reuters 3 Source: Dealogic


4. Results of the core business lines Investment Solutions: continuing dynamic growth in asset management activities, difficult context in 2012 for life insurance

� Completion of the acquisition ofMcDonnell in the USA, specialized in fixedincome and municipal bonds (€10bn ofassets under management at December31, 2012)

� Net inflows of €4.5bn in the US zone in2012

� Investment Solutions net bankingincome: +8%1 in Q4-12 and +5%1 in2012 vs. 2011

> The net banking income generated on insuranceproducts returned to a more normal level inQ4-12 and rates offered to policy holdersmaintained

> Net banking income from asset managementactivities: +13%1 in Q4-12

� Increase in expenses reflectsinvestments, notably related to AssetManagement’s international distributionplatform

� ROE2 improved to 33.2% in 2012 vs. 2011

Assets under management (in €bn)


Asset management: change in net banking income1 (in €m)

1 At constant exchange rates 2 Normative capital allocation methodology based on 9% of average RWA and specific allocation for insurance companies



4. Results of the core business lines SFS: good performance in 2012 and Q4-12

� Commercial dynamism

> Consumer finance: 20% increase in outstandingsbetween the end of 2011 and the end of 2012 to€13.6bn

> Factoring: factored sales in France increase 14%between the end of Dec. 2011 and the end ofDec. 2012

> Employee savings schemes: assets undermanagement of €19.4bn at the end of 2012, up10% vs. the end of 2011

� Dynamic growth in net banking income inQ4-12, driven in particular by specializedfinancing activities

� Tightly managed expenses: level virtuallystable in Q4-12 and marginally down in2012 vs. 2011

� Cost of risk up in Q4-12 vs. Q4-11, due toa low basis of comparison but alsoreflecting a more difficult economicenvironment in France

Q4-12 Q4-11%

change

Consumer finance

Outstandings in €bn (end of period)

13.6 11.3 +20%

Leasing

Outstandings in €bn (end of period)

11.6 11.7 -1%

Factoring

Outstandings in France in €bn (end of period)

4.2 4.0 +6%

Sureties and guarantees

Gross premiums written in €m52.5 54.2 -3%

Q4-12 Q4-11%

change

Payments

Transactions in millions (estimate)862 854 +1%

Securities

Transactions in millions2.1 2.6 -18%

Employee savings schemes

Assets under management in €bn (end of period)

19.4 17.6 +10%


4. Equity Interests1


% changeQ4-12

Q4-12/ Q4-11

% 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


76 n.s -8 n.s

1 The “Equity Interests” division includes investments in Coface, Meilleurtaux, Nexity and Volksbank Romania as well as the Private Equity activities pursued by Natixis

The Eurosic and Foncia equity interests have been reclassified under “Other businesses” since June 30, 2011. The sector information of Groupe BPCE has been restated accordingly for the periods in question


Coface core activities1

4. Equity Interests

1 Credit insurance activities worldwide and factoring activities in Germany and Poland

� Revenues: +1% in 2012 vs. 2011, including a3% increase in the credit insurance business in amore challenging business environment

� Significant improvement in profitability: pre-tax income rose to €164m in 2012

� 2012 combined ratio: improved 2.2pps to82.2%, vs. 2011, including a 1.4pp reduction inthe cost ratio vs. 2011

> Claims ratio: 56.7% in 2012, down 0.8pp vs. 2011

Revenues (in €m)

+1% +3%

Credit insurance revenues (in €m)


Sommaire






6. Conclusion


A bankfor

everyone

• 36 million customers: private individuals, professionals, small

and large businesses, local authorities, institutionals, etc.

• A comprehensive range of banking and financial products and

services

• 36 million customers: private individuals, professionals, small

and large businesses, local authorities, institutionals, etc.

• A comprehensive range of banking and financial products and

services

A bankpresent at a local level

• A strong local presence:

8,000 branches present in one third of “sensitive” urban areas

• Close to actors in the local and regional

economy

• Investments geared to the long term

• A strong local presence:

8,000 branches present in one third of “sensitive” urban areas

• Close to actors in the local and regional

economy

• Investments geared to the long term

A bank committed

to solidarity

• The Group’s long-term commitment to

promoting health, social solidarity,

education, environmental

protection and culture through the Caisse

d’Epargne and Banque Populaire Foundations

• The Group’s long-term commitment to

promoting health, social solidarity,

education, environmental

protection and culture through the Caisse

d’Epargne and Banque Populaire Foundations

A cooperative

bank

• A status that emphasizes

governance at the local level

• 8.6 million cooperative shareholders

• A status that emphasizes

governance at the local level

• 8.6 million cooperative shareholders

• Responsible commitment to major societal challenges in the everyday pursuit of its activities as a banker

• Responsible commitment to major societal challenges in the everyday pursuit of its activities as a banker

5. Groupe BPCE, a socially responsible banking institutionA distinctive identity


1. A leading SRI and solidarity-based asset managers in France and Europe with Natixis Asset Management• Creation of Mirova, a center of expertise in socially responsible investment, a specialist of “Impact investing” in

companies not listed on the stock exchange

• €9.3bn managed on the basis of SRI and solidarity-based principles in France

2. No.1 in solidarity-based savings in France• A partner and reference shareholder of France Active, the No.1 solidarity-based finance provider with more than

20,000 jobs created or consolidated

• 55.5% of the assets managed in the French market (Finansol ranking)

3. No.1 French Group providing microcredit solutions• More than 12,000 personal and

professional microcredits granted for a total of €84m

4. A leading group in its commitment to social solidarity• 3 publicly recognized corporate Foundations, sponsorship and partnership operations in favor of social and cultural

initiatives and projects designed to promote individual autonomy• €32.5m devoted to societal actions

1. 1st French reference bank chosen by the European Commission to finance energy efficiency projects in France

• April 2012

2. The Group is a signatory to the United Nations Global Compact • April 2012

3. Eco-loans for individual and professional customers• An extensive range of products offered by the Caisses d’Epargne and Banque Populaire banks (PREVair, CODEVair,

Ecureuil Sustainable Development Loan, etc.)• Outstandings of more than €2bn

4. A determined drive to reduce the Group’s carbon footprint

• Publication of a simplified, operational Bilan Carbone®1 carbon audit for the banking sector, effective down to the

individual branch level

• More than 2 out of every 3 entities have completed their BilanCarbone®

1. An employer “of choice”• Nearly 4,000 new hires on

permanent contracts in France

2. A concrete commitment in favor of gender diversity in the workplace• Launch of concrete actions including the creation of 23 women’s networks in the Group

• 36% of the executive staff are women

4. A socially responsible and solidarity-based purchasing policy with the PHARE project• 3 awards won by the Group for its drive to develop procurement from companies in the sheltered sector,

employing disabled workers

• 224 jobs for disabled workers created by the Group’s purchases from the EA and ESAT2

organizations

ENVIRONMENTAL

SOCIETAL

SOCIAL

1 Bilan Carbone® is a registered trademark of ADEME 2 At December 31, 2011

5. Groupe BPCE, a socially responsible banking institution2012 highlights


Sommaire






6. Conclusion


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 Group’s core business lines (Commercial Banking and Insurance, Wholesale Banking, Investment Solutions, and Specialized Financial Services) in an adverse economic environment in 2013

� Simplification of the Group’s organizational structure with the projected cancellation of the Cooperative Investment Certificates (CCIs)

� A robust cooperative banking group that has redirected its focus on its core business lines and customer-oriented activities during its “Together” 2010-2013 strategic plan, ready to embark upon a new phase in its development with its new 2014-2017 strategic plan

1 Without transitional measures and after restatement for deferred tax assets and subject to the finalization of regulatory provisions

6.

February 17, 2013

Annexes

Results for the full year 2012


Annexes

� Groupe BPCE> Income statement

> Income statement per business line

> Consolidated balance sheet

> Goodwill

� Financial structure> Statement of changes in shareholders' equity

> Reconciliation of shareholders' equity to

Tier-1 capital

> Prudential ratios and credit ratings

� Commercial Banking and Insurance> Income statement

> Banque Populaire network –

Change in savings deposits and loan

outstandings

> Caisse d'Epargne network –

Change in savings deposits and loan

outstandings

> Real estate Financing

> Insurance, International and Other networks

� Wholesale Banking, Investment Solutions

and SFS> Income statement

� Equity interests> Income statement

� Workout portfolio management

and "Other businesses"> Income statement

> GAPC - Detailed presentation

� Risks> Non-performing loans and impairment

• Groupe BPCE

• Networks

> Breakdown of commitments

> Exposure to the sovereign debts of peripheral

European countries

> Exposure to European sovereign risks

> Exposure to countries subject to a rescue

plan

� Sensitive exposures (recommendations of

the Financial Stability Forum – FSF)


Annex - Groupe BPCEAnnual income statement per business line

2012 2011 2012 2011 2012 2011 % 2012 2011 2012 2011 2012 2011 %

Net banking income 14 779 15 177 6 088 5 896 20 867 21 073 -1,0% 1 756 1 724 -677 560 21 946 23 357 -6,0%

Operating expenses -10 063 -9 833 -3 998 -3 831 -14 061 -13 664 2,9% -1 417 -1 460 -457 -757 -15 935 -15 881 0,3%

Gross operating income 4 716 5 344 2 090 2 065 6 806 7 409 -8,1% 339 264 -1 134 -197 6 011 7 476 -19,6%

Cost / income ratio 68,1% 64,8% 65,7% 65,0% 67,4% 64,8% 2,5 pts 80,7% 84,7% ns ns 72,6% 68,0% 4,6 pts

Cost of risk -1 447 -1 277 -341 -183 -1 788 -1 460 22,5% -5 -34 -406 -1 275 -2 199 -2 769 -20,6%

Income before tax 3 472 4 241 1 764 1 898 5 236 6 139 -14,7% 309 111 -1 802 -1 587 3 743 4 663 -19,7%

Income tax -1 195 -1 385 -555 -560 -1 750 -1 945 -10,0% -148 -112 532 417 -1 366 -1 640 -16,7%

Minority interests -44 -38 -367 -398 -411 -436 -5,7% -85 -79 266 177 -230 -338 -32,0%

Net income attributable to

equity holders of the parent 2 233 2 818 842 940 3 075 3 758 -18,2% 76 -80 -1 004 -993 2 147 2 685 -20,0%

In millions of euros

Commercial Banking &

Insurance

Wholesale Banking,

Investment Solutions &

Specialized Financial

Services

Equity interests

Workout portfolio

management & Other

businesses

Total core businesses Groupe BPCE


Annex - Groupe BPCEQuarterly income statement per business line

Q4-12 Q4-11 Q4-12 Q4-11 Q4-12 Q4-11 % Q4-12 Q4-11 Q4-12 Q4-11 Q4-12 Q4-11 %

Net banking income 3 754 3 887 1 572 1 437 5 326 5 324 0,0% 455 431 -269 84 5 512 5 839 -5,6%

Operating expenses -2 626 -2 576 -1 052 -960 -3 678 -3 536 4,0% -358 -404 -121 -137 -4 157 -4 077 2,0%

Gross operating income 1 128 1 311 520 477 1 648 1 788 -7,8% 97 27 -390 -53 1 355 1 762 -23,1%

Cost / income ratio 70,0% 66,3% 66,9% 66,8% 69,1% 66,4% 2,6 pts 78,7% 93,7% ns ns 75,4% 69,8% 5,6 pts

Cost of risk -364 -356 -105 -51 -469 -407 15,2% 1 -11 -176 -264 -644 -682 -5,6%

Income before tax 821 996 418 432 1 239 1 428 -13,2% 68 -100 -817 -413 490 915 -46,4%

Income tax -275 -327 -127 -126 -402 -453 -11,3% -60 -30 195 45 -267 -438 -39,0%

Minority interests -10 -12 -99 -101 -109 -113 -3,5% -16 -14 77 57 -48 -70 -31,4%


equity holders of the parent 536 657 192 205 728 862 -15,5% -8 -144 -545 -311 175 407 -57,0%


Commercial Banking &

Insurance

Wholesale Banking,

Investment Solutions &

Specialized Financial

Services

Equity interests

Workout portfolio

management & Other

businesses

Total core businesses Groupe BPCE


Annex - Groupe BPCEQuarterly income statement

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 -4 157 -15 935

Gross operating income 1 916 2 020 1 778 1 762 7 476 1 497 1 772 1 387 1 355 6 011

Cost / income ratio 67,6% 67,0% 67,6% 69,8% 68,0% 72,5% 68,8% 73,9% 75,4% 72,6%0 0

Cost of risk -390 -534 -1 163 -682 -2 769 -460 -648 -447 -644 -2 1990 0

Income before tax 1 583 1 579 586 915 4 663 1 081 1 187 985 490 3 743

Income tax -524 -496 -182 -438 -1 640 -380 -408 -311 -267 -1 366

Minority interests -70 -126 -72 -70 -338 -36 -111 -35 -48 -2300 0

Net income attributable to equity holders

of the parent 989 957 332 407 2 685 665 668 639 175 2 147

Groupe BPCE


Annex - Groupe BPCEConsolidated balance sheet

Assets in €m 12/31/12 12/31/11 Liabilities in €m 12/31/12 12/31/11

Cash 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 fair value through profit or loss 194 793 227 996Hedging derivatives 10 733 11 320 Hedging derivatives 11 116 9 979Available-for-sale financial assets 83 409 84 826 Amounts due to banks 111 399 117 914

Loans and receivables due from credit institutions 118 795 141 471 Amounts due to customers 430 519 398 737Loans and receivables due from customers 574 856 571 880 Debt securities 230 501 222 318

Interest rate hedging reserve 7 911 5 471 Remeasurement adjustment on interest-rate risk hedged portfolios 1 994 1 731Held-to-maturity financial assets 11 042 8 864 Tax liabilities 612 726Tax assets 6 186 6 499 Accrued expenses and other liabilities 47 997 46 804

Accrued income and other assets 51 145 50 804 Technical reserves of insurance companies 49 432 46 785

Deferred policyholders’ participation 0 902 Provisions 4 927 4 634Investments in associates 2 442 2 149 Subordinated debt 9 875 11 882

Investment property 1 829 2 028 Consolidated equity 54 356 48 874Property, plant and equipment 4 783 4 819 Equity attributable to equity holders of the parent 50 554 45 136Intangible assets 1 358 1 385 Minority interests 3 802 3 738

Goodwill 4 249 4 505

TOTAL 1 147 521 1 138 395 TOTAL 1 147 521 1 138 395


Annex - Groupe BPCE Goodwill

in millions of eurosDec. 31,

2011Acquisitions/Disposals

Impairment ConversionOther

movementsDec. 31,

2012

Commercial Banking and Insurance entities

937 - -32 -1 5 909

Natixis 2,668 9 - -16 -18 -9 2,634

Equity interests 900 -210 16 706

TOTAL 4,505 9 -258 -19 12 4,249

Goodwill amortization is imputed to the “Other businesses” line


Annex – Financial structure Statement of changes in shareholders’ equity

Equity attributable 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 currency effect

-245

Changes in gains & losses directly recognized in equity 1,328

Transactions with minorities 26

Others 42

December 31, 2012 50,554

in millions of euros


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 included in minority interests

2 Minority interests (prudential definition) notably excluding the deeply subordinated notes issued by Natixis


Annex – Financial structurePrudential ratios1 and credit ratings

December 31, 20121 June 30, 2012

December 31, 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 €35.4bn

Tier-1 capital €46.5bn €44.5bn €41.1bn

Core Tier-1 ratio 10.7% 10.1% 9.1%

Tier-1 ratio 12.2% 11.5% 10.6%

Total Capital Ratio 12.5% 12.3% 11.6%

1 Estimate at December 31, 2012 2 Pro forma to take into account the IRB approach homologation for the exposure to the Caisses d’Epargne retail customers segment

Long-term credit ratings (February 17, 2013)

Aoutlook negative

A2outlook stable

A+outlook negative


Annex – Commercial Banking and InsuranceAnnual income statement

* Principal component: Crédit Foncier

*

2012 2011 % 2012 2011 % 2012 2011 % 2012 2011 % 2012 2011 %

Net banking income 6 032 6 329 -4,7% 6 756 6 803 -0,7% 808 921 -12,3% 1 183 1 124 5,2% 14 779 15 177 -2,6%

Operating expenses -4 185 -4 069 2,9% -4 518 -4 409 2,5% -586 -627 -6,5% -774 -728 6,3% -10 063 -9 833 2,3%

Gross operating income 1 847 2 260 -18,3% 2 238 2 394 -6,5% 222 294 -24,5% 409 396 3,3% 4 716 5 344 -11,8%

Cost / income ratio 69,4% 64,3% 5,1 pts 66,9% 64,8% 2,1 pts 72,5% 68,1% 4,4 pts 65,4% 64,8% 0,6 pts 68,1% 64,8% 3,3 pts

Cost of risk -747 -664 12,5% -441 -355 24,2% -132 -150 -12,0% -127 -108 17,6% -1 447 -1 277 13,3%

Income before tax 1 125 1 636 -31,2% 1 797 2 045 -12,1% 105 167 -37,1% 445 393 13,2% 3 472 4 241 -18,1%

Income tax -387 -560 -30,9% -650 -683 -4,8% -41 -48 -14,6% -117 -94 24,5% -1 195 -1 385 -13,7%

Minority interests -7 -8 -12,5% 0 0 ns -1 -1 0,0% -36 -29 24,1% -44 -38 15,8%


equity holders of the parent 731 1 068 -31,6% 1 147 1 362 -15,8% 63 118 -46,6% 292 270 8,1% 2 233 2 818 -20,8%

Insurance, International & Other

networksReal Estate Financing Commercial Banking & Insurance

en millions d'euros

Banques Populaires Caisses d'Epargne


Annex – Commercial Banking and InsuranceQuarterly income statement


Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 %

Net banking income 1 502 1 598 -6,0% 1 743 1 751 -0,5% 208 218 -4,6% 301 320 -5,9% 3 754 3 887 -3,4%

Operating expenses -1 052 -1 055 -0,3% -1 194 -1 142 4,6% -169 -166 1,8% -211 -213 -0,9% -2 626 -2 576 1,9%

Gross operating income 450 543 -17,1% 549 609 -9,9% 39 52 -25,0% 90 107 -15,9% 1 128 1 311 -14,0%

Cost / income ratio 70,0% 66,0% 4,0 pts 68,5% 65,2% 3,3 pts 81,3% 76,1% 5,1 pts 70,1% 66,6% 3,4 pts 70,0% 66,3% 3,7 pts

Cost of risk -181 -179 1,1% -103 -103 0,0% -51 -55 -7,3% -29 -19 52,6% -364 -356 2,2%

Income before tax 278 387 -28,2% 446 507 -12,0% -6 -3 100,0% 103 105 -1,9% 821 996 -17,6%

Income tax -102 -147 -30,6% -150 -152 -1,3% 8 -2 ns -31 -26 19,2% -275 -327 -15,9%

Minority interests 1 -1 ns 0 0 ns 0 -1 -100,0% -11 -10 10,0% -10 -12 -16,7%


equity holders of the parent 177 239 -25,9% 296 355 -16,6% 2 -6 -133,3% 61 69 -11,6% 536 657 -18,4%

en millions d'euros

Banques Populaires Caisses d'EpargneInsurance, International & Other

networksReal Estate Financing * Commercial Banking & Insurance


Annex – Commercial Banking and InsuranceQuarterly income statement




Gross operating income 1 354 1 377 1 302 1 311 5 344 1 251 1 211 1 126 1 128 4 716


Cost of risk -252 -293 -376 -356 -1 277 -297 -494 -292 -364 -1 447

Income before tax 1 152 1 145 948 996 4 241 999 771 881 821 3 472

Income tax -376 -379 -303 -327 -1 385 -351 -264 -305 -275 -1 195


Net income attributable to equity

holders of the parent 770 756 635 657 2 818 636 498 563 536 2 233

Commercial Banking & Insurance


Annex – Commercial Banking and InsuranceBanque Populaire banks and Caisses d’Epargne



Operating expenses -993 -1 021 -1 000 -1 055 -4 069 -1 048 -1 039 -1 046 -1 052 -4 185

Gross operating income 573 598 546 543 2 260 512 449 436 450 1 847

Cost / income ratio 63,4% 63,1% 64,7% 66,0% 64,3% 67,2% 69,8% 70,6% 70,0% 69,4%

Cost of risk -129 -145 -211 -179 -664 -174 -275 -117 -181 -747

Income before tax 447 462 340 387 1 636 342 177 328 278 1 125

Income tax -146 -163 -104 -147 -560 -130 -61 -94 -102 -387

Minority interests -3 -1 -3 -1 -8 -5 -1 -2 1 -7


holders of the parent 298 298 233 239 1 068 207 115 232 177 731

Banques Populaires






Cost of risk -72 -89 -91 -103 -355 -95 -126 -117 -103 -441


Income tax -187 -180 -164 -152 -683 -166 -169 -165 -150 -650

Minority interests 0 0 0 0 0 0 0 0 0 00 0


equity holders of the parent 346 337 324 355 1 362 294 284 273 296 1 147

Caisses d'Epargne


% change2012 / 2011

Demand deposits -0.8%

Passbook savings accounts

+17.3%

Regulated home savings plans

-1.9%

Term accounts, PEP +17.0%

Mutual funds -14.6%

Employee savings +7.8%

Life insurance +0.3%

Others n.s

Total savings +3.3%

Annex - Commercial Banking and InsuranceBanque Populaire network: savings deposits (in €bn)


% change2012 / 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%

Annex - Commercial Banking and InsuranceBanque Populaire network: loan outstandings (in €bn)


% change2012 / 2011

Demand deposits +6.1%

Passbook savings accounts

+8.1%

Regulated home savings plans

+3.0%

Term accounts, PEP & miscellaneous

+4.8%

BPCE bonds placed in the CE network

+1.8%

Mutual funds -13.5%

Life insurance +1.3%

Total savings +4.0%

Annex - Commercial Banking and InsuranceCaisse d’Epargne network: savings deposits (in €bn)


% change2012 / 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%

Annex - Commercial Banking and InsuranceCaisse d’Epargne network: loan outstandings (in €bn)


Annex – Commercial Banking and InsuranceReal estate FinancingInsurance, International and Other networks



Net banking income 233 238 232 218 921 211 199 190 208 808

Operating expenses -145 -169 -147 -166 -627 -142 -130 -145 -169 -586

Gross operating income 88 69 85 52 294 69 69 45 39 222


Cost of risk -20 -24 -51 -55 -150 -3 -50 -28 -51 -1320 0 0

Income before tax 70 52 48 -3 167 65 27 19 -6 1050 0

Income tax -23 -15 -8 -2 -48 -24 -8 -17 8 -41

Minority interests 0 0 0 -1 -1 0 -1 0 0 -10 0


holders of the parent 47 37 40 -6 118 41 18 2 2 63

Real Estate Financing


Net banking income 259 277 268 320 1 124 309 298 275 301 1 183



Cost / income ratio 65,3% 61,4% 65,7% 66,6% 64,8% 62,8% 61,7% 67,3% 70,1% 65,4%0

Cost of risk -31 -35 -23 -19 -108 -25 -43 -30 -29 -127

Income before tax 102 114 72 105 393 132 114 96 103 445

Income tax -20 -21 -27 -26 -94 -31 -26 -29 -31 -117

Minority interests -3 -9 -7 -10 -29 -7 -7 -11 -11 -360


equity holders of the parent 79 84 38 69 270 94 81 56 61 292

Insurance, International & Other networks

*


Annex – Wholesale Banking, Investment Solutions and SFSAnnual income statement per business line

2012 2011 % 2012 2011 % 2012 2011 % 2012 2011 %

Net banking income 2 829 2 847 -0,6% 2 069 1 890 9,5% 1 190 1 159 2,7% 6 088 5 896 3,3%

Operating expenses -1 689 -1 675 0,8% -1 524 -1 358 12,2% -785 -798 -1,6% -3 998 -3 831 4,4%

Gross operating income 1 140 1 172 -2,7% 545 532 2,4% 405 361 12,2% 2 090 2 065 1,2%

Cost / income ratio 59,7% 58,8% 0,9 pts 73,7% 71,9% 1,8 pts 66,0% 68,9% -2,9 pts 65,7% 65,0% 0,7 pts

Cost of risk -265 -106 ns 0 -16 -100,0% -76 -61 24,6% -341 -183 86,3%

Income before tax 875 1 066 -17,9% 560 530 5,7% 329 302 8,9% 1 764 1 898 -7,1%

Income tax -315 -320 -1,6% -129 -139 -7,2% -111 -101 9,9% -555 -560 -0,9%

Minority interests -156 -206 -24,3% -145 -132 9,8% -66 -60 10,0% -367 -398 -7,8%


equity holders of the parent 404 540 -25,2% 286 259 10,4% 152 141 7,8% 842 940 -10,4%

en millions d'euros

Wholesale Banking, Investment

Solutions & Specialized

Financial Services

SFSInvestment SolutionsWholesale Banking


Annex – Wholesale Banking, Investment Solutions and SFSQuarterly income statement per business line

Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 % Q4-12 Q4-11 %

Net banking income 682 612 11,4% 584 531 10,0% 306 294 4,1% 1 572 1 437 9,4%

Operating expenses -437 -406 7,6% -410 -353 16,1% -205 -201 2,0% -1 052 -960 9,6%

Gross operating income 245 206 18,9% 174 178 -2,2% 101 93 8,6% 520 477 9,0%

Cost / income ratio 64,1% 66,3% -2,3 pts 70,2% 66,5% 3,7 pts 67,0% 68,4% -1,4 pts 66,9% 66,8% 0,1 pts

Cost of risk -85 -31 ns 2 -7 ns -22 -13 69,2% -105 -51 ns

Income before tax 160 176 -9,1% 179 174 2,9% 79 82 -3,7% 418 432 -3,2%

Income tax -58 -53 9,4% -41 -45 -8,9% -28 -28 0,0% -127 -126 0,8%

Minority interests -29 -35 -17,1% -54 -51 5,9% -16 -15 6,7% -99 -101 -2,0%


equity holders of the parent 73 88 -17,0% 84 78 7,7% 35 39 -10,3% 192 205 -6,3%

en millions d'euros

Wholesale Banking, Investment

Solutions & Specialized

Financial Services

SFSInvestment SolutionsWholesale Banking


Annex – Wholesale Banking, Investment Solutions and SFSQuarterly income statement



Operating expenses -970 -982 -919 -960 -3 831 -987 -998 -961 -1 052 -3 998



Cost of risk -22 -52 -58 -51 -183 -57 -86 -93 -105 -341

Income before tax 609 581 276 432 1 898 520 429 397 418 1 7640 0

Income tax -178 -167 -89 -126 -560 -169 -129 -130 -127 -555




Wholesale Banking, Investment Solutions & Specialized Financial Services


Annex – Wholesale BankingQuarterly income statement



Operating expenses -437 -441 -391 -406 -1 675 -427 -428 -397 -437 -1 689



Cost of risk -2 -32 -41 -31 -106 -36 -65 -79 -85 -265


Income tax -124 -108 -35 -53 -320 -107 -75 -75 -58 -315




Wholesale Banking


Annex – Investment SolutionsQuarterly income statement






Cost of risk 0 -4 -5 -7 -16 0 -3 1 2 0

Income before tax 147 136 73 174 530 147 123 111 179 5600 0

Income tax -37 -32 -25 -45 -139 -35 -25 -28 -41 -129




Investment Solutions


Annex – SFSQuarterly income statement






Cost of risk -20 -16 -12 -13 -61 -21 -18 -15 -22 -760 0 0

Income before tax 49 85 86 82 302 76 98 76 79 3290 0

Income tax -17 -27 -29 -28 -101 -27 -29 -27 -28 -111




SFS


Annex – Equity interestsQuarterly income statement





Cost of risk -9 -10 -4 -11 -34 -3 -2 -1 1 -5

Income before tax 27 108 76 -100 111 65 101 75 68 3090 0

Income tax -15 -41 -26 -30 -112 -24 -37 -27 -60 -148



equity holders of the parent 2 32 30 -144 -80 23 35 26 -8 76

Equity interests


Annex – Workout portfolio management and “Other businesses” Annual income statement

2012 2011 2012 2011 2012 2011

Net banking income 330 386 -1 007 174 -677 560

Operating expenses -127 -137 -330 -620 -457 -757

Gross operating income 203 249 -1 337 -446 -1 134 -197

Cost of risk -262 -353 -144 -922 -406 -1 275

Income before tax -65 -104 -1 737 -1 483 -1 802 -1 587

Income tax 22 30 510 387 532 417

Minority interests 13 22 253 155 266 177


equity holders of the parent -30 -52 -974 -941 -1 004 -993


Workout portfolio

management Other businesses

Workout portfolio

management & Other

businesses


Annex – Workout portfolio management and “Other businesses” Quarterly income statement

Q4-12 Q4-11 Q4-12 Q4-11 Q4-12 Q4-11

Net banking income 163 128 -432 -44 -269 84

Operating expenses -29 -33 -92 -104 -121 -137

Gross operating income 134 95 -524 -148 -390 -53

Cost of risk -170 -179 -6 -85 -176 -264

Income before tax -36 -84 -781 -329 -817 -413

Income tax 12 26 183 19 195 45

Minority interests -4 12 81 45 77 57


equity holders of the parent -28 -46 -517 -265 -545 -311


Workout portfolio

management Other businesses

Workout portfolio

management & Other

businesses


Annex – Workout portfolio management and “Other businesses” Quarterly income statement


Net banking income 136 187 153 84 560 -308 55 -155 -269 -677


Gross operating income -114 -100 70 -53 -197 -393 -50 -301 -390 -1 134

Cost of risk -107 -179 -725 -264 -1 275 -103 -66 -61 -176 -406

Income before tax -205 -255 -714 -413 -1 587 -503 -114 -368 -817 -1 802

Income tax 45 91 236 45 417 164 22 151 195 532

Minority interests 71 34 15 57 177 95 20 74 77 2660


equity holders of the parent -89 -130 -463 -311 -993 -244 -72 -143 -545 -1 004

Workout portfolio management & Other businesses


Annex – Workout portfolio management Quarterly income statement


Net banking income 172 140 -54 128 386 23 42 102 163 330

Operating expenses -35 -38 -31 -33 -137 -30 -40 -28 -29 -1270 0 0 0

Gross operating income 137 102 -85 95 249 -7 2 74 134 2030 0

Cost of risk -95 -99 20 -179 -353 -40 -31 -21 -170 -262

Income before tax 42 3 -65 -84 -104 -47 -29 47 -36 -650 0

Income tax -16 -1 21 26 30 17 12 -19 12 22

Minority interests 4 0 6 12 22 14 9 -6 -4 130 0


equity holders of the parent 30 2 -38 -46 -52 -16 -8 22 -28 -30

Workout portfolio management


Annex – “Other businesses” Quarterly income statement

Impact of non operational items on the “Other businesses” line:

� 2012 net income attributable to equity holders of the parent: main items for a total impact of -€548m

> Revaluation of own debt: - €198m

> Goodwill impairment: - €251m

> Prolonged decline in value of the interest in Banca Carige: - €190m

> Reimbursement of Check Imaging Exchange Penalty: + €91m

� 2011 net income attributable to equity holders of the parent: main items for a total impact of - €575m

> Impairment of Greek government bonds: - €595m

> Sale of equity interest (Volksbank International AG): - €39m

> Goodwill impairment: - €95m

> Revaluation of own debt: + €154m


Net banking income -36 47 207 -44 174 -331 13 -257 -432 -1 007


Gross operating income -251 -202 155 -148 -446 -386 -52 -375 -524 -1 337

Cost of risk -12 -80 -745 -85 -922 -63 -35 -40 -6 -144

Income before tax -247 -258 -649 -329 -1 483 -456 -85 -415 -781 -1 7370

Income tax 61 92 215 19 387 147 10 170 183 510

Minority interests 67 34 9 45 155 81 11 80 81 2530


equity holders of the parent -119 -132 -425 -265 -941 -228 -64 -165 -517 -974

Other businesses


Other non-guaranteed portfolios

1 Value at risk

Type of assetNotional Net Value

Discount rateRWA

(nature of portfolio) In €bn In €bnbefore guarantee

in €bn

ABS CDOs 0.9 0.4 59%

9.1

Other CDOs 4.7 4.3 10%

RMBS 1.1 0.8 33%

Covered bonds 0.0 0.0 0%

CMBS 0.4 0.3 12%

Other ABS 0.4 0.4 5%

Hedged assets 5.6 5.3 6%

Corporate credit portfolio 3.4 3.4 0%

Total 16.7 14.9

o/w RMBS US agencies 0.0 0.0

Total guaranteed (85%) 16.7 14.9

Type of assetRWA

Dec. 31, 2012VaR1

Q4-12

(type of portfolio) In €bn In €m

Complex derivatives (credit) 0.3 0.1

Complex derivatives (fixed income) 2.7 8.9

Complex derivatives (equity) 0.0 0.0

Fund-linked structured products 0.4 0.1

Guaranteed portfolios (Financial Guarantee & TRS)

Annex – Workout portfolio management and “Other businesses” – GAPC: Detailed exposure as of December 31, 2012


� For activities whose risk profile is higher, the cover rate is tailored to the risk,as revealed by Natixis’ figures: 85% cover rate including guarantee related toimpaired outstandings

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 recognized / non-performing loans 53.0% 55.2%

Cover rate including guarantees related to impaired outstandings 73.7% 75.8%

Annex – RisksGroupe BPCE: non-performing loans and impairment

1 Including collective impairment


Annex - RisksNetworks: non-performing loans and impairment

1 Including collective impairment

Banque Populaire banks (aggregated)




Non-performing/gross outstanding loans 4.98% 4.83%


Impairment recognized/non-performing loans 59.5% 59.8%


Caisses d’Epargne (aggregated)




Non-performing/gross outstanding loans 2.03% 1.98%


Impairment recognized/non-performing loans 59.0% 58.6%



Breakdown of commitments to Corporates and Professionals by industrial sector

Breakdown of commitments by counterparty

1 of which 13% in France

Annex – RisksBreakdown of commitments as at December 31, 2012


Banks Sovereigns1 Corporates

Annex - RisksGeographical breakdown of commitments as at December 31, 2012

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 classified in the geographic zone “Europe excluding France”


Net direct exposure of credit institutions in the banking portfolio1 (in €m)

Annex - RisksExposure to the sovereign debts of peripheral European countries

1 Calculated using the methodology drawn up in October 2012 within the framework of capital requirement tests for European banks– net direct exposure, excluding derivatives2 Exposures are net of policyholders’ participation

Net exposures of insurance companies2 (in €m)


Annex – Risks Exposure to European sovereign risks1 (in €m) as at December 31, 2012based on the model drawn up by the EBA2

1 Exposure of the banking activities on a consolidated basis 2 Methodology drawn up by the European Banking Authority (EBA) for the October 2012 capital requirement tests applied to European banks; exposures as at December 31, 2011 were restated using the same methodology


Direct sovereign

exposure in

derivatives at

December 31,

2012

Indirect

sovereign

exposures in the

trading book at

December 31,

2012

of which banking

book

of which trading

book

Net position at

fair values

Net position at

fair values

of which banking

book

Austria 571 424 273 151 0 0 0 38 3

Belgium 2 281 1 348 1 300 48 31 128 0 2 149 2 638

Bulgaria 0 0 0 0 0 0 0 0 0

Cyprus 60 60 60 0 0 0 0 126 126

Czech Republic 93 93 93 0 0 0 0 179 179

Denmark 98 98 94 4 -69 1 0 95 95

Estonia 0 0 0 0 0 0 0 0 0

Finland 69 -103 0 -103 -3 1 0 -27 0

France 48 631 32 802 36 206 -3 404 -1 132 -105 0 28 884 29 460

Germany 12 164 -789 379 -1 168 539 1 0 -3 571 4

Greece 25 25 25 0 0 0 12 1 556 1 502

Hungary 61 54 44 9 0 -10 0 103 117

Iceland 0 0 0 0 0 0 0 0 0

Ireland 176 176 176 0 0 2 0 158 158

Italy 8 474 4 018 3 715 303 33 4 0 3 533 3 347

Latvia 0 0 0 0 -3 0 0 0 0

Liechtenstein 0 0 0 0 0 0 0 0 0

Lithuania 33 33 0 33 -49 -1 0 63 0

Luxembourg 0 0 0 0 0 0 0 3 3

Malta 0 0 0 0 0 0 0 0 0

Netherlands 2 754 75 3 72 -527 1 0 99 0

Norway 0 0 0 0 0 1 0 0 0

Poland 511 492 494 -2 0 2 0 568 564

Portugal 132 132 59 73 0 2 0 82 97

Romania 0 0 0 0 0 -18 0 0 0

Slovakia 247 247 247 0 0 0 0 238 238

Slovenia 259 259 259 0 0 0 0 247 247

Spain 1 270 216 27 189 0 8 0 -33 41

Sweden 0 0 0 0 0 1 0 0 0

United Kingdom 0 0 0 0 0 0 0 1 1

TOTAL EEA 30 77 910 39 661 43 454 -3 793 -1 179 15 12 34 491 38 821

Provisions and

write-off on

Sovereign

assets (loans,

advances and

debt securities)

(+) at December

31, 2012

EEA 30

Gross direct

exposure at

December 31,

2012

Net direct exposure, excluding derivatives, at

December 31, 2012Net direct positions, excluding

derivatives, at December 31, 2011


Annex - RisksExposure to countries subject to a rescue plan

in billions of eurosTotal banking

portfolio

Of which sovereign

debt

Of which corporates

Of which "others"

Greece 0.3 0.0 0.3 0.0

Ireland 1.8 0.2 0.6 1.0

Portugal 2.1 0.1 0.2 1.8

Exposure1 to countries subject to a rescue plan at December 31, 2012 (in €bn)

1 Exposures calculated according to the methodology defined by EBA (European Banking Agency) in July 2011 (gross balance sheet and off-balance sheet EAD)


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 consolidationof Groupe BPCE (excluding Natixis)

� For specific details about the sensitive exposures of Natixis,please refer to the financial presentation dated February 17,2013 published by Natixis

� Contents> CDO (Collateralized Debt Obligations)

> CMBS (Commercial Mortgage-backed Securities)

> RMBS (Residential Mortgage-backed Securities)

> Protection acquired


in millions of eurosGroupe BPCE(excl. Natixis)

NatixisTotal

Dec. 31, 2012Total

Sept. 30, 2012

Net exposure

CDOs of ABS (Asset-backed Securities) US residential market 0 126 126 141

Net exposure

Other at-risk CDOs 1,111 3,467 4,578 4,672

Net exposure

CMBS

RMBS (Spain, US and the UK)

252

334

104

979

356

1,313

407

1,513

Total net exposure

Unhedged exposure 1,697 4,676 6,373 6,733

Monolines: residual exposure after value adjustments

CDPC (Credit Derivative Product Companies):exposure after value adjustments

0

0

377

185

377

185

421

278

Annex - Groupe BPCE FSF report at December 30, 2012Summary of sensitive exposures



Net exposure Sept. 30,

2012

Change in value Q4-12

Other changes Q4-12

Net exposure Dec. 31,

2012

Gross exposure Dec. 31,

2012

Portfolio at fair value through profit or loss 38 1 0 39 84

Portfolio at fair value through shareholders' equity

52 -1 0 51 63

Portfolio of loans and receivables 1,074 -26 -27 1,021 1,039

TOTAL 1,164 -26 -27 1,111 1,186

Breakdown of residual exposure by rating

Breakdown of residual exposure by type of product

Annex - Sensitive exposures (excluding Natixis)Other CDOs (unhedged)




2012


Other changes Q4-12


2012


2012


Portfolio at fair value through shareholders’ equity

45 0 -12 34 39

Portfolio of loans and receivables 251 -3 -31 217 287

TOTAL 298 -3 -43 252 328

Breakdown of residual exposure by rating

Breakdown of residual exposure by geographical region

Annex - Sensitive exposures (excluding Natixis) CMBS


UK RMBS portfolio



2012


Other changes Q4-12


2012


2012



141 -2 18 157 159

Portfolio of loans and receivables 11 -1 0 10 10

TOTAL 152 -3 18 167 169

Breakdown of residualexposure by rating

Spanish RMBS portfolio



2012


Other changes Q4-12


2012


2012

Portfolio at fair value through profit or loss 1 - 0 0 2 2


162 0 0 162 191

Portfolio of loans and receivables 4 0 0 3 3

TOTAL 167 0 0 167 196

Breakdown of residualexposure by rating

� Groupe BPCE (excluding Natixis) does not have any exposure to RMBS in the United States

Annex - Sensitive exposures (excluding Natixis) RMBS


Credit enhancers (monoline)

� Protection acquired from credit enhancers by Crédit Foncier is not includedfor the appraisal of hedged instruments (valued at zero)

� In this respect, it does not therefore reflect exposure to credit enhancers

Protections acquired from other counterparties

� Of which 3 operations corresponding to the Negative Basis Trades strategies> 2 senior tranches of European CLOs rated AAA/AA+ and AAA/AA- by two rating agencies

> 1 senior tranche of European ABS CDOs rated BB/B+ by two rating agencies

> Counterparty risk on two sellers of protection (European banks) covered by margin calls

in millions of eurosGross nominal amount of the hedged instruments

Impairment of hedged CDOs

Fair value of the protection

Protection for CDOs (US residential market) - - -

Protection for other CDOs 435 - 59 59

TOTAL 435 - 59 59

Annex - Sensitive exposures (excluding Natixis)Protections acquired

Results bpce q4_12

Documents

Transcript of Results bpce q4_12