FINANCIAL REPORT 2014

• Operations related to Assets and Liabilities Management, mainly cash and equity investments; • Cash deposits in the different banks of our correspondents’network; • Commitments and guarantees of any form granted. 2.5.1.1. Maximum exposure to credit risk An entity’s maximum exposure to credit risk is the gross carrying amount, net of any offset amount and any recognised loss of value.

(in thousands of euros)

31.12.2014

31.12.2013

Financial assets at fair value through profit or loss (excluding equity securities)

504 884

240 362

Hedging derivative instruments

407

3 670

Available-for-sale assets (excluding equity securities)

19 457 322

21 169 785

Loans and receivables to credit institutions

25 879 003

19 903 699

Loans and receivables to customers

3 033 245

3 228 362

EXPOSURE TO ON-BALANCE SHEET COMMITMENTS (NET OF IMPAIRMENTS)

48 874 860

44 545 878

Financing commitments given

289 729

182 578

Financial guarantee commitments given

33 388

39 573

EXPOSURE TO OFF-BALANCE SHEET COMMITMENTS (NET OF PROVISIONS)

323 117

222 151

TOTAL NET EXPOSURE

49 197 977

44 768 029

2.5.1.2. Loans and receivables to credit institutions and customers by customer type

(in thousands of euros)

31.12.2014

Gross outstanding

O/w gross loans and receivables individually impaired

Individual impairment

Collective impairment

Total

Central governments

2 614

2 614

Central banks

7 105 035

7 105 035

Credit institutions

18 008 542

18 008 542

Institutions other than credit institutions

0

Large corporates

2 952 375

2 952 375

TOTAL

28 068 566

0

0

0 28 068 566

(in thousands of euros)

31.12.2013

Gross outstanding

O/w gross loans and receivables individually impaired

Individual impairment

Collective impairment

Total

Central governments

2 072

2 072

Central banks

10 177 287

10 177 287

Credit institutions

9 588 197

9 588 197

Institutions other than credit institutions

0

Large corporates

3 154 880

3 154 880

TOTAL

22 922 436

0

0

0 22 922 436

18