Investor Presentaiton
I
Refinancing
Diversification of funding sources
In addition to intragroup refinancing
Access to Capital Markets since 2016 with the first EMTN issued in January 2017
Intra-group SCF: 3.7€bn
49%
Intra-group SCF: 3.9€bn
48%
7.7€bn
8.2 €bn
FUNDING
FUNDING
2015
H1 2016
Capital Markets:
Banking lines:
0.6€bn
7%
Intra-group SCF:
3.1 €bn
37%
0.5€bn
6%
8.4 €bn
Retail customer
deposits (3):
1.6€bn
19%
FUNDING
Securitization (1):
1.5€bn
17%
Other refinancing (2):
1.2€bn
14%
Senior unsecured
O
Retail customer
deposits
Securitization
Intra-group SCF
Other refinancing
2019+
2016
(1) Securitization includes all of the securitizations placed on the market
(2) Of which refinancing through the ECB (2015 participation in TLTRO for a total of 600€M; 2016: 950€M) and dealer deposits
(3) Business transferred from BPF to PSA Banque France on April 2015 (passbooks and term deposits)
Financial policy and funding
1 20
Debt Investor Presentation - April 2017
PSA
BANQU
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