FINANCIAL REPORT 2015

investments in/disposal of securities and all other derivative operations ; • 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)

31.12.2015

31.12.2014 Restated (1)

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

339 042

504 884

Hedging derivative instruments

18 180

407

Available-for-sale assets (excluding equity securities)

20 554 987

19 457 322

Loans and receivables to credit institutions

25 615 358

25 879 003

Loans and receivables to customers

6 108 259

3 033 245

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

52 635 826

48 874 860

Financing commitments given

327 815

289 729

Financial guarantee commitments given

28 760

33 388

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

356 575

323 117

TOTAL NET EXPOSURE

52 992 401

49 197 977

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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

(in thousands of euros)

31.12.2015

Gross outstanding

O/w gross loans and receivables individually impaired

Individual impairment

Collective impairment

Total

Central governments

149

149

Central banks

8 786 137

8 786 137

Credit institutions

16 072 389

16 072 389

Institutions other than credit institutions

0

Large corporates

5 586 730

5 586 730

TOTAL

30 445 405

0

0

0 30 445 405

(in thousands of euros)

31.12.2014 Restated (1)

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

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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