FINANCIAL REPORT 2014

2.7.7. EXPOSURE TO SOVEREIGN RISK IN EUROPEAN COUNTRIES UNDER WATCH

31.12.2014

Net exposures net of impairment

O/w banking portfolio

Total banking activity before hedging

Hedging Available- for-sale financial assets

Total banking activity after hedging

Financial assets at fair value through profit or loss

O/w trading book (excluding derivatives)

Available- for-sale financial assets

Held-to- maturity financial assets

(in thousands of euros)

Loans and receivables

Germany

283 341

Belgium

993 876

Spain

538 475

United States France

4 378 398

Greece Ireland Italy Japan Portugal TOTAL

0 6 194 090

0

0

0

0

0

0

31.12.2013

Net exposures net of impairment

O/w banking portfolio

Total banking activity before hedging

Hedging Available- for-sale financial assets

Total banking activity after hedging

Financial assets at fair value through profit or loss

O/w trading book (excluding derivatives)

Available- for-sale financial assets

(in thousands of euros)

Held-to- maturity financial assets

Loans and receivables

Germany Belgium Spain United States France

4 354 008

Greece Ireland Italy Japan Portugal TOTAL

0 4 354 008

0

0

0

0

0

0

30