FINANCIAL REPORT 2015

CHANGES IN EXPOSURES BEFORE HEDGING (in thousands of euros) Spain France Greece Ireland Italy Portugal HELD-TO-MATU- RITY FINANCIAL ASSETS Greece Ireland Italy Portugal AVAILABLE-FOR- SALE FINANCIAL ASSETS Spain France Spain France Greece Ireland Italy Portugal LOANS AND RECEIVABLES Spain France Greece Ireland Italy Portugal TRADING BOOK PORTFOLIO (EXCLUDING DERIVATIVES)

Recycling of available- for-sale reserves

Disposals net of reversals of provisions

Outstanding at 31.12.2014 Restated (1)

Outstanding at 31.12.2013 Change in fair value

Maturing debts

Accrued interest

Acquisitions

0

0

0

0

0

0

0

0

538 475

538 475

4 354 008 -34 892

8 284 -1 403 938 -1 108 458 2 563 394 4 378 398

4 354 008 -34 892

0 8 284 -1 403 938 -1 108 458 3 101 869

4 916 873

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

TOTAL 4 916 873 (1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21 4 354 008 -34 892 0 8 284 -1 403 938 -1 108 458 3 101 869

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