FINANCIAL REPORT 2016

2.7.7. EXPOSURE TO SOVEREIGN RISK IN EUROPEAN COUNTRIES UNDER WATCH

31.12.2016

Net exposures net of impairment

O/w banking portfolio

Total banking activity before hedging

Hedging Available- for-sale financial assets

Total banking activity after hedging

Financial assets at fair value through profit or loss

Available- for-sale financial assets

Held-to- maturity financial assets

O/w trading book (excluding derivatives)

(in thousands of euros)

Loans and receivables

Germany Belgium Spain

543306

United States France

3785110

Greece Ireland Italy Japan Portugal TOTAL

0 4328416

0

0

0

0

0

0

31.12.2015

Net exposures net of impairment

O/w banking portfolio

Total banking activity before hedging

Hedging Available- for-sale financial assets

Total banking activity after hedging

Financial assets at fair value through profit or loss

Available- for-sale financial assets

Held-to- maturity financial assets

O/w trading book (excluding derivatives)

(in thousands of euros)

Loans and receivables

Germany Spain

519049

United States France

4637457

Greece Ireland Italy Japan

379784

Portugal TOTAL

0 5536290

0

0

0

0

0

0

2.7.8. DUE TO CREDIT INSTITUTIONS AND TO CUSTOMERS

2.7.8.1. Due to credit institutions

31.12.2016

31.12.2015

(in thousands of euros)

CREDIT INSTITUTIONS Deposits

2409207

1671704 1618798

• of which current accounts in credit • of which daylight overdrafts and accounts

1972341

40

11809

Securities sold under repurchase agreements

5779507

5576040

CARRYING AMOUNT

8188714

7247744

32