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Investor Presentaiton

Liquidity management and reserve | Matching of maturities between assets and liabilities Financing with an original maturity of 12 months or more represent 50% of the total Average maturity of medium and long term financing raised in 2016: 2.5 years after TLTRO-II participations 122% LCR (12/31/16) 132 240 HQLA ZERO-RISK POLICY 88 (LEVEL 1) 2015 2016 ■Bons du trésor à Taux Fixe (BTF) ■Banque de France Deposit ECB decisions (12/09/15) (03/16/16) Expiry of the last BTF in portfolio (03/30/16) -0,10% -0,20% -0,30% -0,40% -0,50% -0,60% -0,70% Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 ECB vs OATS ECB Deposit rate OAT-1 year Financial policy and funding 1 25 Debt Investor Presentation - April 2017 PSA BANQU FRANGE
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