GROUP SOLVENCY

Group solvency

The Group solvency I ratio was 164%, up by 8 pps compared to 31 December 20141.

This increase was mainly due to the positive economic performance and the positive impact of the sale of the BSI banking group.

In 2015, the available margin to the Group stood at € 30.1 billion (29.0 billion at 31 December 2014) while the required margin amounted to € 18.3 billion (18.6 billion at 31 December 2014).

 1The ratio on a pro forma basis including the BSI sale amounted to 164 at the end of 2014.