FINANCIAL REPORT 2015

31.12.2014 Restated (1)

> 3 months up to ≤ 1 year

> 1 year up to ≤ 5 years

(in thousands of euros)

> 5 years

Unspecified

Total

≤ 3 months

Loans and receivables to credit institutions Loans and receivables to customers

11 957 867

2 966 937

7 956 287

2 232 486

25 113 577

2 954 726

159

103 2 954 989

TOTAL

14 912 593 2 966 937 7 956 446 2 232 486

103 28 068 566

IMPAIRMENT NET CARRYING AMOUNT

28 068 566

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

2.5.2.4.2. Due to banks and customers by remaining maturity

31.12.2015

(in thousands of euros)

> 3 months up to ≤ 1 year

> 1 year up to ≤ 5 years

> 5 years

≤ 3 months

Total

Due to banks

6 667 793

579 951

0

7 247 744

Due to customers

40 550 190

1 023 859

5 872

41 579 921

TOTAL

47 217 983

1 603 810

5 872

0

48 827 665

NET CARRYING AMOUNT

48 827 665

(in thousands of euros)

31.12.2014 Restated (1)

≤ 3 months

> 3 months up to ≤ 1 year

> 1 year up to ≤ 5 years

> 5 years

Total

Due to banks

6 184 780

541 483

2

6 726 265

Due to customers

33 575 033

4 772 941

4 641

38 352 615

TOTAL

39 759 813

5 314 424

4 643

0

45 078 880

NET CARRYING AMOUNT

45 078 880

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

2.5.3. CASH FLOW AND FAIR VALUE INTEREST RATE AND FOREIGN EXCHANGE HEDGING Derivative financial instruments used in a hedging relationship are designated according to the intended purpose :

• Fair value hedge ; • Cash flow hedge ; • Hedge of a net investment in foreign currency.

Each hedging relationship is formally documented describing the strategy, item hedged and hedging instrument, and method of measuring effectiveness.

2.5.3.1. Fair value hedges A fair value hedge modifies the risk of changes in the fair value of a fixed-rate financial instrument caused by changes in interest rates. Fair value hedges transform fixed-rate assets or liabilities into floating-rate assets or liabilities. Items hedged are principally fixed-rate loans, securities, deposits and subordinated debt.

The financial instruments considered as hedging instruments on December 31, 2015 are interest rate swaps which cover securities or customer demand deposits.

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