FINANCIAL REPORT 2016

2.6.2. NET COMMISSION AND FEE INCOME

31.12.2016

31.12.2015

(in thousands of euros)

Income Expense

Net

Income Expense

Net

Interbank transactions

659

659

26

26

Customer transactions

1549

1549

-53

-53

Securities transactions

-22

-22

-90

-90

Foreign exchange transactions

6172

17

6189

6510

-1592

4918

Derivative instruments and other off-balance sheet items Payment instruments and other banking and financial services Mutual funds management, fiduciary and similar operations NET COMMISSION AND FEE INCOME

29540 -22400

7140

12187

-5223

6964

138650 -79332

59318 137685 -69239 68446

515014 -37751

477263 535893 -52073 483820

691584 -139488 552096 692300 -128270 564031

2.6.3. NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

31.12.2016

31.12.2015

(in thousands of euros)

Unrealised or realised gains or losses on assets/liabilities at fair value through profit or loss classified as held for trading Net gains (losses) on foreign exchange transactions and similar financial instruments (excluding gains or losses on hedges of net investments in foreign operations)

2799

-556

50701

49129

Gains or losses from hedge accounting

-1

1

NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

53499

48574

Analysis of net gains (losses) from hedge accounting

31.12.2016

(in thousands of euros)

Gains

Losses

Net

FAIR VALUE HEDGES

117943 -117944

-1

Change in fair value of hedged items attributable to hedged risks

75288

342

75630

Change in fair value of hedging derivatives (including sales of hedges) FAIR VALUE HEDGE OF THE INTEREST RATE EXPOSURE OF A PORTFOLIO OF FINANCIAL INSTRUMENTS

42655 -118286 -75631

5205

-5205

0

Change in fair value of hedged items

1650 -3555

-1905

Change in fair value of hedging derivatives

3555

-1650

1905

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

123148 -123149

-1

31.12.2015

(in thousands of euros)

Gains 2106

Losses -2105

Net

FAIR VALUE HEDGES

1

Change in fair value of hedged items attributable to hedged risks

-12380

-9341

-21721

Change in fair value of hedging derivatives (including sales of hedges) FAIR VALUE HEDGE OF THE INTEREST RATE EXPOSURE OF A PORTFOLIO OF FINANCIAL INSTRUMENTS

14486

7236

21722

10027 -10027

0

Change in fair value of hedged items

515

-9512

-8997

Change in fair value of hedging derivatives

9512

-515

8997

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

12133

-12132

1

26