FINANCIAL REPORT 2014

Change between 31 December 2013 and 31 December 2014

CHANGES IN EXPOSURES BEFORE HEDGING (in thousands of euros)

Recycling of available- for-sale reserves

Disposals net of reversals of provisions

Outstanding at 31.12.2013

Change in fair value

Maturing debts

Accrued interest

Acquisitions Outstanding at 31.12.2014

Spain France Greece Ireland Italy

Portugal HELD-TO- MATURITY FINANCIAL ASSETS Spain France Greece Ireland Italy Portugal AVAILABLE- FOR-SALE FINANCIAL ASSETS Greece Ireland Italy Portugal LOANS AND RECEIVABLES Spain France Greece Ireland Italy Portugal TRADING BOOK PORTFOLIO (EXCLUDING DERIVATIVES) Spain France

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

538 475

538 475

4 354 008 1 206 723

-1 898 003 -1 850 401

2 566 071

4 378 398

4 354 008 1 206 723

0

0 -1 898 003 -1 850 401

3 104 546

4 916 873

0

0

0

0

0

0

0

0

TOTAL

4 354 008 1 206 723

0

0 -1 898 003 -1 850 401

3 104 546

4 916 873

31