Natixis — Groupe BPCE — H1 2026 Earnings Presentation
77 slides from Natixis's earnings presentation, Aug 4, 2026
Slide 1: Groupe BPCE Results Q2 & H1 2026
AUGUST 4, 2026 GROUPE BPCE RESULTS Q2 & H1 2026 • 23 juin 2025
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements and comments relating to the With respect to the financial information of Groupe BPCE for the quarter ended on June objectives and strategy of Groupe BPCE. By their very nature, these forward-looking 30, 2026, and in view of the con
Slide 3: Net income +38% in Q2-26 YoY at €1.3bn
NET INCOME1: +38% IN Q2-26 YOY AT €1.3BN NOVOBANCO FULLY PART OF GROUPE BPCE BUSINESS PERFORMANCE Retail Banking in France Retail Banking in Europe Insurance and Asset management Corporate and Investment banking 415,000 new clients +6% in credit2 outstandings +13% in Life Insurance gross inflows +16
Slide 4: Acceleration of the AI and digital transformation
ACCELERATION OF THE AI AND DIGITAL TRANSFORMATION FOR GROUPE BPCE AND ITS CLIENTS AI AI for everyone MULTIPLICATION OF AI UTILIZATION (% of employees using a Group AI solution) • Rapid growth in the use of AI in mobile apps (>900k conversations, up 40% vs Q1-25) 65% and transaction areas used by our
Slide 5: Helping clients accelerate transitions and emergency support
A GROUP COMMITTED TO HELPING ITS CLIENTS ACCELERATE TRANSITIONS AND DEDICATED TO EMERGENCY SUPPORT SPEEDING UP THE ECOLOGICAL TRANSITION WILDFIRES IN FRANCE: GROUPE BPCE DEPLOYS FOR PROFESSIONALS AND CORPORATE CLIENTS AN EMERGENCY RESPONSE PLAN TO SUPPORT CLIENTS FRANCE Simplified insurance procedur
Slide 6: Summary
01 Groupe BPCE results 02 SUMMARY c Capital and liquidity 03 Business line results 04 Conclusion Results Q2 & H1 2026 6
Slide 7: Groupe BPCE Results
GROUPE BPCE 01 RESULTS Results Q2 & H1 2026 7
Slide 8: Results H1-26 Net Banking Income
RESULTS H1-26 NET BANKING INCOME RETAIL BANKING RETAIL BANKING INSURANCE AND CORPORATE AND IN FRANCE IN EUROPE ASSET MANAGEMENT INVESTMENT BANKING +13% +94% +3% +5% 8,441 7,499 2,560 2,449 2,197 2,264 687 355 H1-25 H1-26 H1-25 H1-26 H1-25 H1-26 H1-25 H1-26 • €738bn Loan outstandings • €41bn Loan out
Slide 9: Results H1-26 Operational Efficiency
RESULTS H1-26 OPERATIONAL EFFICIENCY RETAIL BANKING RETAIL BANKING INSURANCE AND CORPORATE AND IN FRANCE IN EUROPE ASSET MANAGEMENT INVESTMENT BANKING +2% +68% flat +4% 5,035 4,919 1,573 1,517 1,447 1,446 381 227 H1-25 H1-26 H1-25 H1-26 H1-25 H1-26 H1-25 H1-26 Expenses in €m Expenses in €m Expenses
Slide 10: Cost of Risk / Asset Quality
RESULTS Q2-26 & H1-26 COST OF RISK / ASSET QUALITY GROUPE BPCE TOTAL PROVISIONS3 (in €bn) 2 669 654 753 In €m 559 587 • Cost of risk S32 at 29bps in Q2-26, 17.2 2 stable QoQ 15.7 30 32 14.3 14.7 In bps1 27 29 • Cost of risk S1/S22 at 4bps in Q2-26 25 Total CoR reflecting our prudent provisioning pol
Slide 11: Results Q2-26 & H1-26
RESULTS Q2-26 & H1-26 % % RECORD QUARTER RESULT €m Q2-26 Q2-25 H1-26 H1-25 Change Change NET INCOME UP 38% YOY VS. Q2-25 Net banking income 7,162 6,315 13% 13,919 12,619 10% Operating expenses (4,483) (4,304) 4% (8,973) (8,662) 4% Net revenues stand at €7.2bn in Q2-26, up 13%, driven by all business
Slide 12: Capital and Liquidity
CAPITAL 02 AND LIQUIDITY Results Q2 & H1 2026 12
Slide 13: Capital and Loss-Absorbing Capacity
CAPITAL AND LOSS-ABSORBING CAPACITY HIGH LEVEL OF CAPITAL Change in the CET 1 ratio (in bps) Actual level4 Organic capital creation: +24bps Requirements as at July 1, 2026 June 30, 2026 +28bps +4bps +4bps 16.4% 15.5%2 (4)bps 10.58%3 (121)bps CET1 ratio 15.5%2 (ECB) Total capital ratio 14.64%3 18.4%2
Slide 14: Liquidity: 84% of 2026 Funding Plan Already Completed
LIQUIDITY: 84% OF 2026 FUNDING PLAN ALREADY COMPLETED 1,3 2026 MLT WHOLESALE FUNDING PLAN COMPLETION STRUCTURE OF MLT WHOLESALE TARGETS FUNDING RAISED IN 20262 FUNDING €18.6bn (84%) €22.0bn (excl. ABS*) 24% Unsecured bonds TLAC (TIER 2 + €11.3bn (103%) SENIOR NON PREF) €11.0bn 51% Covered bonds €2.1
Slide 15: Business Line Results
BUSINESS LINE 03 RESULTS Results Q2 & H1 2026 15
Slide 16: Retail Banking in France
RETAIL BANKING IN FRANCE LOANS DYNAMIC COMMERCIAL ACTIVITY, Outstandings Production H1-26 DRIVEN BY OFF-BALANCE SHEET SAVINGS Residential mortgages €8.0bn +2% AND CORPORATE LENDING €306bn June 2026 Average rate 3.3% +0.1pp SOLID FINANCIAL RESULTS AND STRONG GROWTH Consumers loans1 €2.9bn stable Aver
Slide 17: Retail Banking in France
RETAIL BANKING IN FRANCE LOANS DYNAMIC CLIENT ACQUISITION Outstandings Production H1-26 ESPECIALLY ON YOUNG PEOPLE, Residential mortgages €12.2bn +10% STRONG MOMENTUM IN SAVINGS AND FINANCING €386bn June 2026 Average rate 3.3% +0.1pp SOLID FAST-GROWING FINANCIAL RESULTS Consumers loans1 €4.8bn (2.5)
Slide 18: Retail Banking in France
RETAIL BANKING IN FRANCE REVENUE GROWTH ACROSS ALL SEGMENTS WHICH CONFIRMS THE GOOD MOMENTUM OF 2025 €m Q2-26 % Change H1-26 % Change Net banking income 296 4% 592 4% Solid commercial performance in Retail Banking services, both in consumer Operating expenses (146) 0% (296) 0% credit with average ou
Slide 19: Retail Banking in France: Business Line P&L
RETAIL BANKING IN FRANCE BUSINESS LINE P&L STRONG FINANCIAL RESULT UNDERPINNED BY A ROBUST COMMERCIAL ACTIVITY €m Q2-26 % Change H1-26 % Change Net interest margin1,2 growth: +27% in H1-26 YoY in the 2 networks Commissions2 up 4% in H1-26 YoY in the 2 networks Good control over operating expenses, +
Slide 20: Retail Banking in Europe
RETAIL BANKING IN EUROPE SOLID FINANCIAL RESULTS WITH STRONG COMMERCIAL MOMENTUM Strong credit origination (of which 30% green), driven by business momentum Resilient franchise with loyal clients and a deposit-driven balance sheet Overall market share increased to 9.4%, maintaining strong market sha
Slide 21: Retail Banking in Europe
RETAIL BANKING IN EUROPE GOOD MOMENTUM ACROSS ALL REGIONS % Strong growth of BPCE ES activity, with outstandings up 6% YoY in H1-26 €m Q2-26 % Change H1-26 Change across all countries. Sharp rise in production (+18% YoY over 6 months), particularly in Italy Net banking income 220 4% 441 24% Operatin
Slide 22: Retail Banking in Europe: Business Line P&L
RETAIL BANKING IN EUROPE BUSINESS LINE P&L GOOD COMMERCIAL ACTIVITY €m Q2-26 % Change H1-26 % Change GENERATING SOLID FINANCIAL RESULTS Net banking income 466 121% 687 94% Net revenues stand at €466m in Q2-26 Expenses up 86% vs. Q2-25 and up 68% vs. H1-25 Operating expenses (240) 86% (381) 68% Stron
Slide 23: Insurance and Asset Management
INSURANCE AND ASSET MANAGEMENT DOUBLE DIGIT TURNOVER GROWTH INSURANCE1 REFLECTING STRONG COMMERCIAL MOMENTUM Life insurance AuM2 in €bn Life Insurance: Gross inflows reached €9.9bn in H1-26, up +13% YoY AuM2: stand at €133bn (+7% YTD) driven by high net inflows (€6.1bn YTD) 2.5 132.9 3.8 Share of UL
Slide 24: Insurance and Asset Management
INSURANCE AND ASSET MANAGEMENT ASSET MANAGEMENT NET INFLOWS REMAIN VERY STRONG IN VOLATILE FINANCIAL MARKETS Assets under management1 in €bn H1-26 AM Fee rate in bps excluding performance fees AuMs growth driven by strong flows in a context of increased market volatility and by a significant market
Slide 25: Insurance and Asset Management: Business Line P&L
INSURANCE AND ASSET MANAGEMENT BUSINESS LINE P&L DOUBLE DIGIT GROWTH % % IN Q2-26 INCOME BEFORE TAX €m Q2-26 H1-26 Variation Variation Net revenues stand at €1.2bn in Q2-26 driven by Insurance Net banking income 1,194 9% 2,264 3% (+33% YoY) and AWM (+3% YoY) €2.3bn net revenues in H1-26 (+3% YoY) dr
Slide 26: Corporate and Investment Banking
CORPORATE AND INVESTMENT BANKING NET REVENUES IN €M RECORD QUARTER 1,310 2,449 2,560 DRIVEN BY THE STRONG PERFORMANCE OF EQUITY BUSINESS 1,221 1,250 1,129 1,066 GROSS OPERATING INCOME UP 12%1 VS. Q2-25 555 1,069 1,101 552 545 498 526 253 317 403 570 GLOBAL MARKETS: €760m net revenues in Q2-26 (+16%
Slide 27: Conclusion
CONCLUSION 04 Results Q2 & H1 2026 27
Slide 28: Conclusion
CONCLUSION Record revenues Net income1: CET1 ratio 84% of 2026 MLT STRONG FUNDAMENTALS at €7.2bn, +13% €1.3bn, +38% at 15.5% funding plan YoY in Q2-26 YoY in Q2-26 at end-June 2026 completed GROUPE BPCE IS DELIVERING HIGH PERFORMANCE RESULTS THANKS TO SOLID COMMERCIAL ACTIVITY ACROSS ALL THE BUSINES
Slide 29: Annexes
AUGUST 4, 2026 ANNEXES RESULTS Q2 & H1 2026 • 23 juin 2025
Slide 30: Content (1/4)
CONTENT (1/4) Consolidated results of Groupe BPCE Retail Banking in Europe • Notes on methodology • Income statement and quarterly series • Reconciliation of reported data to pro forma data • novobanco – quarterly series • Income statement: reconciliation of reported data to alternative performance
Slide 31: Content (2/4)
CONTENT (2/4) Exceptional items Cost of risk • Exceptional items and the reconciliation of the reported income statement to • The cost of risk is expressed in basis points and measures the level of risk per the underlying income statement of Groupe BPCE are detailed in the annexes. business line as
Slide 32: Content (3/4)
CONTENT (3/4) Total loss-absorbing capacity Liquidity The Total Loss-Absorbing Capacity (TLAC) requirement is determined by article Total liquidity reserves comprise the following: 92a of CRR. • Central bank-eligible assets include: ECB-eligible securities not eligible for the The TLAC numerator con
Slide 33: Content (4/4)
CONTENT (4/4) Business line indicators – BP & CE networks Business line indicators – Insurance Average rate (%) for residential mortgages: the average client rate for residential The percentage of individual clients insured corresponds to the proportion of mortgages corresponds to the weighted avera
Slide 34: Reconciliation of 2025 Reported Data to Pro Forma
RECONCILIATION OF 2025 REPORTED DATA TO PRO FORMA Retail banking Q1-25 Q2-25 Q3-25 Q4-25 in France Net Income Net Income Net Income Net Income Operating Income Net Operating Income Net Operating Income Net Operating Income Net €m banking before banking before banking before banking before expenses t
Slide 35: Reconciliation of 2025 Reported Data to Pro Forma
RECONCILIATION OF 2025 REPORTED DATA TO PRO FORMA Insurance and Asset Q1-25 Q2-25 Q3-25 Q4-25 management Net Income Net Income Net Income Net Income Operating Income Net Operating Income Net Operating Income Net Operating Income Net €m banking before banking before banking before banking before expe
Slide 36: Reconciliation of 2025 Reported Data to Pro Forma
RECONCILIATION OF 2025 REPORTED DATA TO PRO FORMA Corporate Q1-25 Q2-25 Q3-25 Q4-25 center Net Income Net Income Net Income Net Income Operating Income Net Operating Income Net Operating Income Net Operating Income Net €m banking before banking before banking before banking before expenses tax incom
Slide 37: Q2-26 & Q2-25 Results: Reconciliation to Alternative Performance Measures
Q2-26 & Q2-25 RESULTS: RECONCILIATION OF REPORTED DATA TO ALTERNATIVE PERFORMANCE MEASURES Share in net Gains or Net income Net banking Operating Income €m Cost of risk income of losses on – Group income expenses before tax associates others assets share Reported Q2-26 results 7,162 (4,483) (848) 25
Slide 38: H1-26 & H1-25 Results: Reconciliation to Alternative Performance Measures
H1-26 & H1-25 RESULTS: RECONCILIATION OF REPORTED DATA TO ALTERNATIVE PERFORMANCE MEASURES Share in net Gains or Net income Net banking Operating Income €m Cost of risk income of losses on – Group income expenses before tax associates others assets share Reported H1-26 results 13,919 (8,973) (1,502)
Slide 39: Q2-26 & Q2-25 Underlying Cost to Income Ratio
Q2-26 & Q2-25 RESULTS UNDERLYING COST TO INCOME RATIO Underlying Net banking Operating €m cost income Income expenses ratio Q2-26 reported figures 7,162 (4,483) Impact of exceptional items (17) (115) Q2-26 underlying figures 7,179 (4,369) 60.9% Underlying Net banking Operating €m cost income income
Slide 40: H1-26 & H1-25 Underlying Cost to Income Ratio
H1-26 & H1-25 RESULTS UNDERLYING COST TO INCOME RATIO Underlying Net banking Operating €m cost income income expenses ratio H1-26 reported figures 13,919 (8,973) Impact of exceptional items (19) (209) H1-26 underlying figures 13,938 (8,765) 62.9% Underlying Net banking Operating €m cost income incom
Slide 41: Quarterly Income Statement per Business Line
GROUPE BPCE: QUARTERLY INCOME STATEMENT PER BUSINESS LINE INSURANCE CORPORATE RETAIL BANKING RETAIL BANKING GROUPE AND ASSET AND INVESTMENT IN FRANCE IN EUROPE BPCE MANAGEMENT BANKING €m Q2-26 Q2-25 pf Q2-26 Q2-25 pf Q2-26 Q2-25 pf Q2-26 Q2-25 pf Q2-26 Q2-25 pf % Net banking income 4,253 3,750 466 2
Slide 42: Semester Income Statement per Business Lines
GROUPE BPCE: SEMESTER INCOME STATEMENT PER BUSINESS LINES INSURANCE CORPORATE RETAIL BANKING RETAIL BANKING GROUPE AND ASSET AND INVESTMENT IN FRANCE IN EUROPE BPCE MANAGEMENT BANKING €m H1-26 H1-25 pf H1-26 H1-25 pf H1-26 H1-25 pf H1-26 H1-25 pf H1-26 H1-25 pf % Net banking income 8,441 7,499 687 3
Slide 43: Groupe BPCE: Quarterly Series
GROUPE BPCE: QUARTERLY SERIES GROUPE BPCE €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net banking income 6,305 6,315 6,410 6,693 6,758 7,162 Operating expenses (4,359) (4,304) (4,157) (4,471) (4,490) (4,483) Gross operating income 1,946 2,011 2,253 2,222 2,267 2,679 Cost of risk (651) (559) (587) (669) (
Slide 44: Consolidated Balance Sheet
GROUPE BPCE: CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES 30/06/2026 31/12/2025 31/06/2026 31/12/2025 €m €m Cash and amounts due from central banks 123,310 133,938 Amounts due to central banks 13 12 Financial assets at fair value through profit or loss 268,145 239,646 Financial liabilities at fair
Slide 45: Goodwill
GROUPE BPCE: GOODWILL €m IFRS5 Dec. 31, 2025 Acquisitions Disposals Conversion Others June 30, 2026 reclassifications Retail Banking in France 807 807 Retail Banking in Europe 46 1,916 43 2,004 Insurance and Asset management 3,029 27 42 3,098 Corporate and Investment Banking 141 (57) 3 87 Total 4,02
Slide 46: Statement of Changes in Shareholders' Equity
GROUPE BPCE: STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY Equity attributable to shareholders’ equity €m December 31, 2025 89,309 Distributions (676) Change in capital (cooperative shares) (368) Renumeration of TSSDI (5) Impact of acquisitions and disposals on non-controlling interests (minority int
Slide 47: Changes in Regulatory Capital and Prudential Ratios
FINANCIAL STRUCTURE CHANGES IN REGULATORY CAPITAL AND PRUDENTIAL RATIOS REGULATORY CAPITAL €m June 30, 20261 Dec. 31, 2025 in €bn 90.8 88.7 Equity attribuable to shareholders’ equity 90,4 89,3 14.5 12.4 Cancelation of hybrid securities in equity Tier-2 capital - attribuable to equity holders of the
Slide 48: Financial Structure: Distance to MDA
FINANCIAL STRUCTURE: DISTANCE TO MDA Capital Countercycli Capital Countercycli Pillar I Pillar II conservation G-SIB cal buffer Pillar I Pillar II conservation G-SIB cal buffer Jan. 2, 2026 requirement requirement buffer buffer (CCyB) Total July 1st, 2026 requirement requirement buffer buffer (CCyB)
Slide 49: Prudential Ratios and Credit Ratings
FINANCIAL STRUCTURE PRUDENTIAL RATIOS AND CREDIT RATINGS PRUDENTIAL RATIOS LONG-TERM SENIOR PREFERRED CREDIT RATINGS August 4, 2026 1 June 30, 2026 Dec. 31, 2025 Dec. 31, 2024 Total risk-weighed assets 493 Md€ 463 Md€ 457 Md€ A+ perspective stable Common Equity Tier-1 76,3 Md€ 76,3 Md€ 73,8 Md€ capi
Slide 50: TLAC / MREL Ratio
TLAC / MREL RATIO TLAC1,2 RATIO MREL1,2 RATIO as a % of risk-weighted assets as a % of risk-weighted assets 33.2 % 5.4 % Eligible Senior 27.8 % 27.8 % Preferred debt 22.4 % Senior Non-Preferred Senior Non-Preferred 9.4 % 9.4 % Tier 2 2.9 % Tier 2 2.9 % CET1 CET1 15.5 % 15.5 % 2026 TLAC June 30, 2026
Slide 51: Risk-Weighted Assets
RISK-WEIGHTED ASSETS1 BREAKDOWN PER BUSINESS LINE BREAKDOWN PER TYPE OF RISK2 in €bn in €bn 493 493 463 463 11% Retail banking in France 11% 4% Operational Risk 4% 64% Retail banking in Europe 67% Market Risk Insurance and Asset management 85% 85% 2 3% 7% Corporate and Investment Banking Credit Risk
Slide 52: Leverage Ratio
LEVERAGE RATIO €bn June 30, 20261 Dec. 31, 2025 Tier-1 capital 76.3 76.3 2 Balance sheet total 1,743.5 1,645.7 Prudential restatements (147.2) (136.7) Prudential balance sheet total2 1,596.3 1,509.0 Adjustments related to exposure to derivates3 (20.2) (16.0) 4 Adjustments related to security financi
Slide 53: Financial Conglomerate
FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATE RATIO Financial conglomerate Restatements viewpoint +4.9 Banking CR1 (CRR/CRD IV) Regulatory capital + Total capital 90.8 95.7 Assurance CR1 (Solvency 2) in €bn RESTATEMENTS APPLIED - 1 2 3 82.1 +5.3 Shift from a Cancellation of the Inclusion of the prud
Slide 54: Liquidity Reserves and Short-Term Funding
LIQUIDITY RESERVES AND SHORT-TERM FUNDING TOTAL LIQUIDITY RESERVES OF GROUPE BPCE1 SHORT-TERM FUNDING AND MLT DEBT MATURING IN THE SHORT TERM in €bn 332 in €bn 324 303 305 294 117 134 Cash placed with 114 123 128 central banks 162 168 166 161 159 34 34 MLT 34 36 34 105 LCR securities 78 80 77 88 127
Slide 55: Retail Banking in France Quarterly Income Statement
RETAIL BANKING IN FRANCE QUARTERLY INCOME STATEMENT FINANCIAL BANQUE POPULAIRE CAISSE D'EPARGNE SOLUTIONS AI, DIGITAL & OTHER RETAIL BANKING NETWORK NETWORK & EXPERTISES PAIEMENT NETWORKS IN FRANCE IN FRANCE €m Q2-26 Q2-25 Q2-26 Q2-25 Q2-26 Q2-25 pf Q2-26 Q2-25 pf Q2-26 Q2-25 pf Q2-26 Q2-25 pf % Net
Slide 56: Retail Banking in France Half-Year Income Statement
RETAIL BANKING IN FRANCE HALF-YEAR INCOME STATEMENT FINANCIAL BANQUE POPULAIRE CAISSE D'EPARGNE SOLUTIONS & AI, DIGITAL & OTHER RETAIL BANKING NETWORK NETWORK EXPERTISES PAIEMENT NETWORKS IN FRANCE IN FRANCE €m H1-26 H1-25 H1-26 H1-25 H1-26 H1-25 pf H1-26 H1-25 pf H1-26 H1-25 S1-26 S1-25 pf % Net ba
Slide 57: Retail Banking in France Quarterly Series
RETAIL BANKING IN FRANCE QUARTERLY SERIES RETAIL BANKING IN FRANCE €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 3,749 3,750 3,983 4,264 4,187 4,253 Operating expenses (2,497) (2,422) (2,341) (2,505) (2,580) (2,455) Gross operating income 1,253 1,327 1,641 1,759 1,607 1,79
Slide 58: Banque Populaire and Caisse d'Epargne Networks Quarterly Series
RETAIL BANKING IN FRANCE QUARTERLY SERIES BANQUE POPULAIRE AND CAISSE D’EPARGNE NETWORKS BANQUE POPULAIRE NETWORK €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net banking income 1,622 1,622 1,731 1,825 1,821 1,804 Operating expenses (1,080) (1,060) (1,034) (1,066) (1,125) (1,092) Gross operating income 54
Slide 59: Financial Solutions & Expertises in France Quarterly Series
RETAIL BANKING IN FRANCE QUARTERLY SERIES FINANCIAL SOLUTIONS & EXPERTISES IN FRANCE FINANCIAL SOLUTIONS & EXPERTISES IN FRANCE €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 286 285 280 293 297 296 Operating expenses (149) (146) (141) (148) (150) (146) Gross operating inco
Slide 60: AI, Digital & Paiements Quarterly Series
RETAIL BANKING IN FRANCE QUARTERLY SERIES AI, DIGITAL & PAIEMENTS AI, DIGITAL & PAIEMENTS €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 127 124 129 127 130 127 Operating expenses (98) (101) (98) (106) (97) (95) Gross operating income 29 23 32 22 32 32 Cost of risk (0) (0)
Slide 61: Other Network Quarterly Series
RETAIL BANKING IN FRANCE QUARTERLY SERIES OTHER NETWORK OTHER NETWORK €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net banking income 101 99 102 101 108 105 Operating expenses (59) (54) (51) (60) (60) (57) Gross operating income 43 44 51 41 48 48 Cost of risk (21) (4) (5) (16) (13) (12) Income before tax
Slide 62: Retail Banking in Europe Quarterly Income Statement
RETAIL BANKING IN EUROPE QUARTERLY INCOME STATEMENT FINANCIAL RETAIL BANKING NOVOBANCO SOLUTIONS & EXPERTISES IN EUROPE IN EUROPE €m Q2-26 Q2-26 Q2-25 pf Q2-26 Q2-25 pf % Net banking income 246 220 211 466 211 121% Operating expenses (96) (144) (129) (240) (129) 86% Gross operating income 150 76 82
Slide 63: Retail Banking in Europe Half-Year Income Statement
RETAIL BANKING IN EUROPE HALF-YEAR INCOME STATEMENT FINANCIAL RETAIL BANKING NOVOBANCO SOLUTIONS & EXPERTISES IN EUROPE IN EUROPE €m H1-26 H1-26 H1-25 pf H1-26 H1-25 pf % Net banking income 246 441 355 687 355 94% Operating expenses (96) (285) (227) (381) (227) 68% Gross operating income 150 155 128
Slide 64: Retail Banking in Europe Quarterly Series
RETAIL BANKING IN EUROPE QUARTERLY SERIES RETAIL BANKING IN EUROPE €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 144 211 218 224 221 466 Operating expenses (98) (129) (134) (142) (142) (240) Gross operating income 46 82 84 81 79 226 Cost of risk (34) (39) (50) (43) (51) (3
Slide 65: Novobanco Quarterly Series
RETAIL BANKING IN EUROPE QUARTERLY SERIE NOVOBANCO NOVOBANCO €m T2-26 Net banking income 246 Operating expenses (96) Gross operating income 150 Cost of risk 9 Income before tax 163 Net income – Group share 136 Results Q2 & H1 2026 65
Slide 66: Financial Solutions & Expertises in Europe Quarterly Series
RETAIL BANKING IN EUROPE QUARTERLY SERIES FINANCIAL SOLUTIONS & EXPERTISES IN EUROPE FINANCIAL SOLUTIONS & EXPERTISES IN EUROPE €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 144 211 218 224 221 220 Operating expenses (98) (129) (134) (142) (142) (144) Gross operating incom
Slide 67: Insurance and Asset Management Quarterly Income Statement
INSURANCE AND ASSET MANAGEMENT QUARTERLY INCOME STATEMENT PER BUSINESS LINE INSURANCE INSURANCE ASSET MANAGEMENT AND ASSET MANAGEMENT €m Q2-26 Q2-25 Q2-26 Q2-25 Q2-26 Q2-25 pf % Net banking income 310 234 883 860 1,194 1,094 9% Operating expenses (46) (44) (692) (673) (738) (717) 3% Gross operating
Slide 68: Insurance and Asset Management Half-Year Income Statement
INSURANCE AND ASSET MANAGEMENT HALF-YEAR INCOME STATEMENT PER BUSINESS LINE INSURANCE INSURANCE ASSET MANAGEMENT AND ASSET MANAGEMENT €m H1-26 H1-25pf H1-26 H1-25pf H1-26 H1-25 pf % Net banking income 539 481 1,725 1,716 2 264 2,197 13% Operating expenses (92) (92) (1,353) (1,355) (1,446) (1,447) 0%
Slide 69: Insurance and Asset Management Quarterly Series
INSURANCE AND ASSET MANAGEMENT QUARTERLY SERIES INSURANCE AND ASSET MANAGEMENT €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 1,102 1,094 1,082 1,221 1,070 1,194 Operating expenses (730) (717) (711) (788) (707) (738) Gross operating income 373 377 371 432 362 456 Income bef
Slide 70: Insurance Quarterly Series
INSURANCE AND ASSET MANAGEMENT QUARTERLY SERIES INSURANCE INSURANCE €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net banking income 247 234 238 241 228 310 Operating expenses (47) (44) (44) (47) (46) (46) Gross operating income 199 190 194 194 182 264 Income before tax 200 194 196 200 185 267 Net income –
Slide 71: Asset Management Quarterly Series
INSURANCE AND ASSET MANAGEMENT QUARTERLY SERIES ASSET MANAGEMENT ASSET MANAGEMENT €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net banking income 856 860 844 980 841 883 Operating expenses (682) (673) (667) (742) (661) (692) Gross operating income 173 187 178 238 180 191 Income before tax 170 187 178 240
Slide 72: Corporate and Investment Banking Quarterly Series
CORPORATE AND INVESTMENT BANKING QUARTERLY SERIES CORPORATE & INVESTMENT BANKING €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 1,228 1,221 1,129 1,066 1,250 1,310 Operating expenses (765) (752) (729) (761) (782) (792) Gross operating income 464 469 399 305 468 519 Cost of
Slide 73: Corporate Center Quarterly Series
CORPORATE CENTER QUARTERLY SERIES CORPORATE CENTER €m Q1-25 pf Q2-25 pf Q3-25 pf Q4-25 pf Q1-26 pf Q2-26 Net banking income 81 39 (2) (81) 30 (62) Operating expenses (270) (283) (242) (274) (279) (259) Gross operating income (189) (244) (244) (356) (249) (321) Cost of risk (46) (22) (3) 7 (56) (113)
Slide 74: Performing & Non-Performing Loans and Impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn June 30, 20261 December 31, 2025 Gross outstanding loans to customers and credit institutions 1,067.9 1,017.7 O/w S1 outstandings 912.4 868.0 O/w S2 outstandings 125.8 122.3 O/w S3 outstandings 29.7 27.4 Non-performing loans/gross outstanding loan
Slide 75: Cost of Risk by Business Line
COST OF RISK BY BUSINESS LINE BANQUE POPULAIRE 38 40 29 31 30 CAISSE D’EPARGNE 29 21 24 21 19 RETAIL BANKING IN FRANCE 31 34 24 26 26 RETAIL BANKING IN EUROPE 28 CORPORATE AND INVESTMENT BANKING 30 29 30 28 28 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 1 Cost of risk expressed in annualized basis points on gross
Slide 76: Breakdown of Gross Exposures at June 30, 2026
BREAKDOWN OF GROSS EXPOSURES AT JUNE 30, 20261 DIVERSIFIED PORTFOLIO BREAKDOWN PER GEOGRAPHICAL REGION Breakdown of Group gross Financial institutions/ Central administrations/ Corporate customers exposure per counterparty Local governments Central banks and other sovereign exposures 30% 4% 3% Corpo
Slide 77: groupeBPCE.com
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