FINANCIAL REPORT 2013

• 2.6.2. Net commission and fee income

31.12.2013

31.12.2012

Income Expense

Net

Income Expense

Net

(in thousands of euros)

Customer transactions

0

– 10

– 10

Foreign exchange transactions

6 499

– 529

5 969

6173

– 385

5787

Derivative instruments and other off-balance sheet items

8 792

– 2 761

6 031

15697

– 2374

13323

Payment instruments and other banking and financial services

132 563 – 69 384

63 179 146416 – 79686

66730

Mutual funds management, fiduciary and similar operations

504 485 – 52 969 451 516 484875 – 45719 439156

NET COMMISSION AND FEE INCOME

652 338 – 125 644 526 695 653160 – 128174 524986

• 2.6.3. Net gains (losses) on financial instruments at fair value through profit or loss

(in thousands of euros)

31.12.2013 31.12.2012

Unrealised or realised gains or losses on assets/liabilities at fair value through profit or loss classified as held for trading

– 34

– 4974

Net gains (losses) on foreign exchange transactions and similar financial instruments (excluding gains or losses on hedges of net investments in foreign operations)

36 241

36678

Gains or losses from hedge accounting

– 1

– 1

NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

36 206

31703

Analysis of net gains (losses) from hedge accounting

31.12.2013

Gains

Losses

Net

(in thousands of euros)

FAIR VALUE HEDGES

267 291

– 267 292

– 1

Change in fair value of hedged items attributable to hedged risks

25 250

– 267 292

– 242 042

Change in fair value of hedging derivatives (including sales of hedges)

242 041

242 041

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

267 291

– 267 292

– 1

31.12.2012

Gains

Losses

Net

(in thousands of euros)

FAIR VALUE HEDGES

240623

– 240624

– 1

Change in fair value of hedged items attributable to hedged risks

240623

– 651

239972

Change in fair value of hedging derivatives (including sales of hedges)

– 239973

– 239973

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

240623

– 240624

– 1

23