FINANCIAL REPORT 2014

CHANGES IN EXPOSURES BEFORE HEDGING (in thousands of euros) Spain France Greece Ireland Italy Portugal HELD-TO-MATU- RITY 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

Recycling of available- for-sale reserves

Disposals net of reversals of provisions

Outstanding at 31.12.2012 Change in fair value

Maturing debts

Accrued interest

Acquisitions Outstanding at 31.12.2013

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2 620 643 -216 635

-300 000 -1 750 000 4 000 000 4 354 008

2 620 643 -216 635

0

0 -300 000 -1 750 000 4 000 000

4 354 008

0

0

0

0

0

0

0

0

TOTAL

2 620 643 -216 635

0

0 -300 000 -1 750 000 4 000 000

4 354 008

32