Natixis — Groupe BPCE — 9M-22 Earnings Presentation
75 slides from Natixis's earnings presentation, November 2022
Slide 1: Results
AL @ GROUPE BPCE O) as S lV RESULTS fo Fos
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements and comments relating to are based on the judgment of the individuals preparing this financial information and the objectives and strategy of Groupe BPCE. By their very nature, the information available at the date of the balance sh
Slide 3: Highlights
Highlights DEVELOPMENTS PERFORMANCE STRENGTHS RB&I Good cost control in a 15.1% CET1 ratio Strong commercial dynamics in retail context of high inflation, end-September 2022 banking networks and sustained talent retention and ongoing activity in FSE businesses and Including 19 bps of organic investm
Slide 4: Climate change/ESG: a long-term commitment
Climate change/ESG: a long-term commitment STRENGTHENING OUR SUPPORTING OUR CLIENTS IN ADDRESSING THEIR COMMITMENTS ENVIRONMENTAL TRANSITION ISSUES Net-Zero Asset Owners Alliance Impact loans: a virtuous financing model Groupe BPCE signs up its insurance activities to BP Impact Loan, to encourage th
Slide 5: Groupe BPCE results
01 Groupe BPCE results Capital and liquidity Business line results Conclusion
Slide 6: Results: reported net banking income
Results: reported net banking income RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m +4.3% +0.6% 13,694 +4.0% 13,129 5,210 5,242 10,578 11,006 +8.0% (0.5)% +7.9% (3.7)% +4.6% 2,696 2,821 915 989 726 723 666 718 2,514 2,421 BP & CE FSE Insurance Payments & RB&I (1) AWM CIB GFS networ
Slide 7: Results: reported operating expenses
Results: reported operating expenses OPERATING EXPENSES EXCL. SRF CONTRIBUTION in €m CONTINUED INCREASE IN SRF CONTRIBUTION (€m) 19,453 +41% NBI +3.8% 18,749 OPEX +3.0% 596 421 83 79 12,873 20 24 50 242 9M-21 9M-22 (119) 12,503 (10) 4% 3% 9M-21 BP & CE FSE Insurance Payments & Other AWM CIB Corporat
Slide 8: Results: reported cost of risk/asset quality
Results: reported cost of risk/asset quality Stage 3 Stage 1/Stage 2 COST OF RISK TOTAL PROVISIONS (in €bn) In bps(1) 23 21 21 22 21 13.8 14.2 13.5 17 14 10 12 12.9 €418m increase in 18 10 11 9M-22 YoY in Stage RB&I 4 10 3 1/Stage 2 cost of risk 44 37 9.1 reflecting prudent 27 9.4 9.2 provisioning p
Slide 9: Results: reported Group P&L
Results: reported Group P&L % Change % Change €m Q3-22 Q3-21 9M-22 9M-21 vs. Q3-21 vs. 9M-21 Net interest margin up 0.2% Net banking income 6,309 6,295 0.2% 19,453 18,749 3.8% to €7.3bn, commissions up 2.6% Operating expenses (4,258) (4,119) 3.4% (13,469) (12,924) 4.2% to €7.4bn in 9M-22 YoY o/w ope
Slide 10: Capital and liquidity
Groupe BPCE results Capital and liquidity Business line results Conclusion
Slide 11: Capital and Loss-absorbing Capacity
Capital and Loss-absorbing Capacity Actual levels Requirements CHANGE IN THE CET 1 RATIO (in bps) September 30, as at September 30, 2022 2022(1) Organic capital creation = 19bps CET1 ratio 9.52%(2) 15.1% (ECB) +24pbs +5pbs 15.1%(1) 14.9% (5)pbs (2)pbs (2)pbs (5)pbs Total capital 13.52%(2) 18.1% rati
Slide 12: Liquidity - 2022 funding plan completed
Liquidity - 2022 funding plan completed(1) Well positioned for 2023 prefunding Structure of MLT wholesale funding(3) raised in 2022(1) 2022 MLT WHOLESALE FUNDING PLAN Unsecured bond issues Target: €24bn(2) / Raised(1,2): €23.9bn or 99% 47% 49% Covered bond issues ▪ TLAC funding Target: €6.3bn (€2.5b
Slide 13: Business line results
Groupe BPCE results Capital and liquidity Business line results Conclusion
Slide 14: Retail Banking & Insurance: Banques Populaires
Retail Banking & Insurance Banques Populaires LOAN OUTSTANDINGS in €bn PRODUCTION 9M-22 vs. 9M-21 >12,000 new professional customers YoY 23.4 24.3 +4% Residential mortgages In €bn High level of loan outstandings YoY +8.6% 4.3 +15% Consumer loans in 9M-22 fueled by residential 3.7 In €bn 295 mortgage
Slide 15: Retail Banking & Insurance: Caisse d'Epargne
Retail Banking & Insurance Caisse d’Epargne LOAN OUTSTANDINGS in €bn PRODUCTION 9M-22 vs. 9M-21 >172,000 new active individual customers YoY 29.5 30.9 Residential mortgages +7.6% +4% In €bn High level of loan outstandings 330 355 6.7 6.9 Consumer loans YoY in 9M-22 fueled by residential +3% In €bn m
Slide 16: Retail Banking & Insurance: Financial Solutions & Expertise
Retail Banking & Insurance Financial Solutions & Expertise BREAKDOWN OF REVENUES CHANGE IN REVENUES Consumer credit: continued good PER BUSINESS LINE in 9M-22 PER BUSINESS LINE in 9M-22 momentum with personal & revolving loan outstandings up 9% vs. 9M-21 3% 25% (1) Sureties & financial guarantees: 9
Slide 17: Retail Banking & Insurance: Insurance
Retail Banking & Insurance Insurance LIFE INSURANCE AuM(1) in €bn PREMIUMS(1) in €bn 2.5 10.7 10.5 (3)% Life insurance AuM(1): +0.8% vs. 1.6 Dec.2021 0% (3.4) 2.8 2.8 +8% +8% €8.0bn gross inflows and 81.3 81.9 (4)% €4.1bn net inflows for Life insurance in 9M-22 (1)% AuM at Net inflows Net inflows Re
Slide 18: Retail Banking & Insurance: Payments & Oney
Retail Banking & Insurance Payments & Oney PAYMENTS Underlying figures(1) Q3-22 % Change 9M-22 % Change €m Payment & Processing Solutions: number of card transactions processed up 17% YoY (9M-21 activity impacted by the lockdown). Continued growth Net banking income 241 5.2% 718 7.9% of authorizatio
Slide 19: Digital & Data
Digital & Data Q3-22 key figures Continued digitalization of online banking • 9.4 million individual and professional customers equipped with the Secur'Pass solution to complete their day-to- day and sensitive transactions in a completely secure environment: +29% at end-Q3-22 vs. Q3-21 customers act
Slide 20: Retail Banking & Insurance: Business Line P&L
Retail Banking & Insurance Business Line P&L Dynamic loan book expansion in all markets: Underlying figures(1) % Change €m Q3-22 % Change 9M-22 • Residential mortgages +8.5% YoY to €386bn Net banking income 4,437 0.9% 13,694 4.3% • Equipment loans +8.3% YoY to €182bn Operating expenses (2,718) 3,2%
Slide 21: Global Financial Services: Asset Management
Global Financial Services Asset Management ASSETS UNDER MANAGEMENT(1) in €bn AuM: slightly down 1% QoQ, mainly due to a significant Other affiliates Private assets negative market effect (Equity and Fixed Income) partially 1,107 offset by USD appreciation 1,095 (3.4) (2.8) (42) 37 95 98 ESG assets r
Slide 22: Global Financial Services: Corporate & Investment Banking
Global Financial Services Corporate & Investment Banking NET REVENUES(1) in €m GLOBAL MARKETS Increase in revenues illustrating ongoing diversification and good risk 2,850 management 2,718 874 977 887 374 321 FIC-T revenues: €330m, up 20% vs. Q3-21 and €1,006m up 12% vs. 9M-21. 100 Dynamic activity
Slide 23: Global Financial Services: Business Line P&L
Global Financial Services Business Line P&L Underlying figures(1) Constant Constant AWM Q3-22 % Change Fx % 9M-22 % Change Fx % €m In line or better than peers against a difficult change change market backdrop Net banking income 1,692 (3.7)% (10.6)% 5,242 0.3% (4.8)% Lower asset-based fees down YoY
Slide 24: Conclusion
Groupe BPCE results Capital and liquidity Business line results Conclusion
Slide 25: Conclusion
Conclusion SUSTAINED BALANCE SHEET COMMERCIAL AMONG ONGOING FOCUS LOW RISK PROFILE DEVELOPMENT THE STRONGEST ON EFFICIENCY IN EUROPE • Continued expansion • 15.1% CET1 ratio at • Operating expenses • Moderate risk appetite in RB&I businesses end-September 2022, under control in a accross all busines
Slide 26: Annexes
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Slide 27: Content
Content Retail Banking & Insurance • Income statement and quarterly series Consolidated results of Groupe BPCE • Banque Populaire and Caisse d’Epargne – quarterly series • Notes on methodology • Deposits & savings and loan outstandings • Reconciliation of reported data to restated data • Banque Popu
Slide 28: Notes on methodology (1/5)
Notes on methodology (1/5) Presentation of th e pro -forma quar terly resul ts Creation of the Payments & Oney sub -segment Simplification of the Group's organizational structure • The Payments and Oney business lines have been brought together • Plans to simplify the Group's organizational structur
Slide 29: Notes on methodology (2/5)
Notes on methodology (2/5) Cost of risk • The cost of risk is expressed in basis points and measures the level of Net banking income risk per business line as a percentage of the volume of loan • Customer net interest income, excluding regulated home savings outstandings; it is calculated by compari
Slide 30: Notes on methodology (3/5)
Notes on methodology (3/5) To t a l l o s s - a b s o r b i n g c a p a c i t y Liquidity The amount of liabilities eligible for inclusion in the numerator used to Total liquidity reserves comprise the following: calculate the Total Loss-Absorbing Capacity (TLAC) ratio is determined • Central bank-e
Slide 31: Notes on methodology (4/5)
Notes on methodology (4/5) Digital indicators The number of active customers using mobile apps or websites Consumer loans initiated via digital pathways correspond to loans for corresponds to the number of customers who have made at least one visit which the holder or co-holder (natural person or in
Slide 32: Notes on methodology (5/5)
Notes on methodology (5/5) Business line indicators – Oney Bank BtoC: financing solutions distributed directly to customers. This line includes personal loans and revolving credit. BtoBtoC: payment and financing solutions distributed to customers through partners and retail chains. This line include
Slide 33: Reconciliation of reported data to restated data
Reconciliation of reported data to restated data GROUPE BPCE €m 9M-21 Coface 9M-21 Reported Restated Net banking income 18,749 18,749 Operating expenses (12,924) (12,924) Gross operating income 5,825 5,825 Cost of risk (1,163) (1,163) Share in net income of associates 227 (7) 220 Gains or losses on
Slide 34: Reconciliation of 2021 data to pro forma data
Reconciliation of 2021 data to pro forma data Retail banking and Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Insurance In millions of Net Net Net Net Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net banking banking banking banking banking euros income ex
Slide 35: Reconciliation of 2021 data to pro forma data
Reconciliation of 2021 data to pro forma data Corporate Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 center In millions of Net Net Net Net Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net banking banking banking banking banking euros income expenses befor
Slide 36: Q3-22 & Q3-21 results: reconciliation to alternative performance measures
Q3-22 & Q3-21 results: reconciliation of reported or restated data to alternative performance measures Net Operating Gains or Income Net income banking expenses losses on before tax - Group income other share €m assets Excl. Coface Reported Q3-22 results 6,309 (4,258) 14 1,732 1,288 Business lines/
Slide 37: 9M-22 & 9M-21 results: reconciliation to alternative performance measures
9M-22 & 9M-21 results: reconciliation of reported or restated data to alternative performance measures Net Operating Gains or Income Net income banking expenses losses on before tax - Group income other share €m assets Reported 9M-22 results 19,453 (13,469) 61 4,863 3,402 Business lines/ Transformat
Slide 38: Impact of exceptional items per business line
Impact of exceptional items per business line GLOBAL RETAIL BANKING CORPORATE GROUPE FINANCIAL & INSURANCE CENTER BPCE SERVICES €m Q3-22 Q3-21 Q3-22 Q3-21 Q3-22 Q3-21 Q3-22 Q3-21 Impact of exceptional items (38) (29) (6) (7) (42) (28) (86) (64) on Income before tax BANQUE CAISSE FINANCIAL PAYMENTS &
Slide 39: Impact of exceptional items per business line
Impact of exceptional items per business line GLOBAL RETAIL BANKING CORPORATE GROUPE FINANCIAL & INSURANCE CENTER BPCE SERVICES €m 9M-22 9M-21 9M-22 9M-21 9M-22 9M-21 9M-22 9M-21 Impact of exceptional items (93) (62) (2) (51) (70) (127) (164) (240) on Income before tax BANQUE CAISSE FINANCIAL PAYMEN
Slide 40: Groupe BPCE: underlying cost to income ratio
Groupe BPCE: underlying cost to income ratio Net banking Operating Cost income income expenses ratio €m Q3-22 reported figures 6,309 (4,258) Impact of exceptional items 3 (96) Q3-22 underlying figures 6,306 (4,162) 66,0% Net banking Operating Cost income income expenses ratio €m Q3-21 reported figur
Slide 41: Groupe BPCE: underlying cost to income ratio excluding SRF
Groupe BPCE: underlying cost to income ratio excluding SRF Net banking Operating Cost income income expenses ratio €m 9M-22 reported figures 19,453 (13,469) Impact of exceptional items 10 (224) SRF (596) 9M-22 underlying figures excluding SRF 19,442 (12,649) 65,1% Net banking Operating Cost income i
Slide 42: Groupe BPCE: quarterly income statement per business line
Groupe BPCE: quarterly income statement per business line RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE €m Q3-22 Q3-21pf Q3-22 Q3-21pf Q3-22 Q3-21pf Q3-22 Q3-21 % Net banking income 4,437 4,399 1,692 1,758 179 138 6,309 6,295 0.2% Operating expenses (2,756) (2,664
Slide 43: Groupe BPCE: 9-month income statement per business line
Groupe BPCE: 9-month income statement per business line RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE €m 9M-22 9M-21pf 9M-22 9M-21pf 9M-22 9M-21pf 9M-22 9M-21 % Net banking income 13,694 13,129 5,242 5,210 516 411 19,453 18,749 3.8% Operating expenses (8,431) (8,1
Slide 44: Groupe BPCE: quarterly series
Groupe BPCE: quarterly series GROUPE BPCE €m Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Net banking income 6,117 6,337 6,295 6,967 6,575 6,569 6,309 Operating expenses (4,655) (4,151) (4,119) (4,916) (4,961) (4,250) (4,258) Gross operating income 1,462 2,187 2,176 2,051 1,614 2,319 2,051 Cost of risk
Slide 45: Consolidated balance sheet
Consolidated balance sheet ASSETS LIABILITIES Sept. 30, 2022 Dec. 31, 2021 Sept. 30, 2022 Dec. 31, 2021 €m €m Cash and amounts due from central banks 164,655 186,317 Amounts due to central banks 15 6 Financial assets at fair value through profit or loss 222,721 198,919 Financial liabilities at fair
Slide 46: Statement of changes in shareholders' equity
Statement of changes in shareholders' equity Equity attributable to equity €m holders of the parent December 31, 2021 78,884 Distributions (402) Capital increase (cooperative shares) 536 Buyback of TSSDIs (82) Impact of acquisitions and disposals on non-controlling interests (minority (129) interest
Slide 47: Financial structure: changes in regulatory capital and fully-loaded ratios
Financial structure: changes in regulatory capital and fully-loaded ratios Regulatory capital (in €bn) 82.7 83.2 €bn Sept. 30, 2022 Dec. 31, 2021 12.9 13.7 Tier-2 capital Equity attribuable to equity holders of the 27.9 28.6 81.8 78.9 parent Cooperative shares Cancelation of hybrid securities in equ
Slide 48: Financial structure: MDA trigger threshold
Financial structure: MDA trigger threshold Capital Capital Pillar I Pillar II conservation G-SIB Countercyclical Pillar I Pillar II conservation G-SIB Countercyclical 2022 requirement requirement buffer buffer buffer Total 09/30/2022 requirement requirement buffer buffer buffer Total SREP CET 1 SREP
Slide 49: Financial structure: prudential ratios and credit ratings
Financial structure: prudential ratios and credit ratings Sept. 30, 2022(1) Dec. 31, 2021 Dec. 31, 2020 Long-term SENIOR PREFERRED credit ratings (November 9, 2022) Total risk-weighed assets €461bn €441bn €431bn AA- Common Equity Tier-1 negative outlook €69.5bn €69.8bn €69.0bn capital Tier-1 capital
Slide 50: TLAC / MREL ratio
TLAC / MREL ratio TLAC(1,2) RATIO (as a % of risk-weighted assets) MREL(1,2) RATIO (as a % of risk-weighted assets) 30.8% 6.5% Eligible Senior Preferred debt 25.0% 24.3% 21.5% 5.0% Senior Non-Preferred 5.0% Senior Non-Preferred 4.2% 4.2% Tier 2 Tier 2 CET1 CET1 15.1% 15.1% 2022 TLAC Sept. 30, 2022 2
Slide 51: Risk-Weighted Assets
Risk-Weighted Assets BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(1) (in €bn) 461 441 461 441 9% 8% Other 9% 4% 10% 3% Operational Risk 21% 20% Global Financial Services Market Risk Retail Banking & 88% 87% Insurance Credit Risk 70% 71% Dec. 31, 2021 Sept. 30, 2022 Dec. 31, 2021 S
Slide 52: Leverage ratio
Leverage ratio €bn Sept. 30, 2022(1) Dec. 31, 2021 Tier-1 capital 69.5 69.8 Balance sheet total(2) 1,551.9 1,516.0 Prudential restatements (125.5) (130.5) Prudential balance sheet total(2) 1,426.3 1,385.5 Adjustments related to exposure to derivates (3) (33.9) (17.4) Adjustments related to security
Slide 53: Financial conglomerate
Financial conglomerate Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +4.8 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 88,0 88,0 88.1 Insurance CR(1) (Solvency 2) (in €bn) 83.2 83,2 RESTATEMENTS APPLIED - 1 2 3 +4.9 71.4 Shift fr
Slide 54: Liquidity reserves and short-term funding
Liquidity reserves and short-term funding TOTAL LIQUIDITY RESERVES OF GROUPE BPCE(1) SHORT-TERM FUNDING AND MLT DEBT MATURING IN (in €bn) THE SHORT TERM (in €bn) Coverage ratio of short-term funding + MLT debt maturing in the short-term by liquidity reserves (2) 329 329 323 242% 247% 158% 182 158 18
Slide 55: Retail Banking & Insurance: quarterly income statement
Retail Banking & Insurance: quarterly income statement BANQUE POPULAIRE CAISSE D'EPARGNE FINANCIAL SOLUTIONS & RETAIL BANKING & INSURANCE PAYMENTS & ONEY OTHER NETWORK NETWORK NETWORK EXPERTISE INSURANCE €m Q3-22 Q3-21 % Q3-22 Q3-21 % Q3-22 Q3-21pf % Q3-22 Q3-21pf % Q3-22 Q3-21pf % Q3-22 Q3-21pf % Q
Slide 56: Retail Banking & Insurance: 9-month income statement
Retail Banking & Insurance: 9-month income statement BANQUE CAISSE FINANCIAL SOLUTIONS OTHER RETAIL BANKING POPULAIRE D'EPARGNE INSURANCE PAYMENTS & ONEY & EXPERTISE NETWORK & INSURANCE NETWORK NETWORK 9M-22 9M-21 % 9M-22 9M-21 % 9M-22 9M-21pf % 9M-22 9M-21pf % 9M-22 9M-21pf % 9M-22 9M-21pf % 9M-22
Slide 57: Retail Banking & Insurance: quarterly series
Retail Banking & Insurance: quarterly series RETAIL BANKING & INSURANCE Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Q3-22 €m Net banking income 4,304 4,425 4,399 4,397 4,627 4,630 4,437 Operating expenses (2,757) (2,684) (2,664) (2,920) (2,856) (2,819) (2,756) Gross operating income 1,547 1,742 1,73
Slide 58: Banque Populaire and Caisse d'Epargne networks quarterly series
Retail Banking & Insurance: Banque Populaire and Caisse d’Epargne networks quarterly series BANQUE POPULAIRE NETWORK Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 €m Net banking income 1,669 1,737 1,736 1,725 1,838 1,818 1,771 Operating expenses (1,078) (1,056) (1,080) (1,141) (1,126) (1,100) (1,115) Gr
Slide 59: Retail Banking & Insurance: deposits, savings and loans
Retail Banking & Insurance DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 866.8 887.1 +2.3% +8.4% 268.7 691.4 264.3 637.9 +1.7% Sight deposits 227.5 +6.0% Passbook savings accounts 386.3 214.6 356.0 (1.9)% Regulated home savings plans +17.3% Term accounts +8.5% Resident
Slide 60: Retail Banking & Insurance: Banque Populaire network
Retail Banking & Insurance: Banque Populaire network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +3.8% +8.6% 368.2 354.7 295.3 140.1 271.9 137.9 +1.6% Sight deposits +7.6% Passbook savings accounts 164.1 150.6 73.8 (1.5)% Regulated home savings plans 68.5 +9.0% Resid
Slide 61: Retail Banking & Insurance: Caisse d'Epargne network
Retail Banking & Insurance: Caisse d’Epargne network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 494.1 500.6 +1.3% +7.6% 355.2 330.2 117.4 118.9 +1.3% Sight deposits 219.6 145.0 152.5 +5.2% Passbook savings accounts 202.9 (1.9)% Regulated home savings plans +13.9% Te
Slide 62: Retail Banking & Insurance: FSE quarterly series
Retail Banking & Insurance: FSE quarterly series FINANCIAL SOLUTIONS & EXPERTISE Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Q3-22 €m Net banking income 300 307 308 306 336 332 321 Operating expenses (160) (157) (155) (172) (166) (163) (163) Gross operating income 141 149 153 135 170 169 158 Cost of
Slide 63: Retail Banking & Insurance: Insurance quarterly series
Retail Banking & Insurance: Insurance quarterly series INSURANCE Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Q3-22 €m Net banking income 242 253 231 245 258 257 207 Operating expenses (136) (121) (117) (129) (145) (129) (123) Gross operating income 106 132 114 116 113 128 84 Income before tax 109 13
Slide 64: Retail Banking & Insurance: Payments & Oney quarterly series
Retail Banking & Insurance: Payments & Oney quarterly series PAYMENTS & ONEY €m Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Q3-22 Net banking income 219 218 229 233 239 239 241 Operating expenses (172) (169) (170) (184) (190) (184) (187) Gross operating income 47 49 58 48 49 54 53 Income before tax
Slide 65: Retail Banking & Insurance: Other network quarterly series
Retail Banking & Insurance: Other network quarterly series OTHER NETWORK Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Q3-22 €m Net banking income 78 85 80 84 84 89 86 Operating expenses (54) (44) (63) (51) (50) (52) (49) Gross operating income 24 41 16 33 34 37 37 Cost of risk (18) (24) (3) 7 (5) (19
Slide 66: Global Financial Services: quarterly income statement per business line
Global Financial Services: quarterly income statement per business line CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m % Q3-22 Q3-21pf Q3-22 Q3-21pf Q3-22 Q3-21pf Net banking income 796 894 897 864 1,692 1,758 (3.7)% Operating expenses (640) (644) (626) (581)
Slide 67: Global Financial Services: 9-month income statement per business line
Global Financial Services: 9-month income statement per business line CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m % 9M-22 9M-21pf 9M-22 9M-21pf 9M-22 9M-21pf Net banking income 2,421 2,514 2,821 2,696 5,242 5,210 0.6% Operating expenses (1,934) (1,855) (1,
Slide 68: Global Financial Services: quarterly series
Global Financial Services: quarterly series GLOBAL FINANCIAL SERVICES €m Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Q3-22 Net banking income 1,693 1,759 1,758 2,348 1,781 1,769 1,692 Operating expenses (1,188) (1,218) (1,225) (1,673) (1,275) (1,252) (1,265) Gross operating income 506 541 533 675
Slide 69: Asset & Wealth Management: quarterly series
Asset & Wealth Management: quarterly series ASSET & WEALTH MANAGEMENT €m Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Q3-22 Net banking income 771 849 894 1,397 812 814 796 Operating expenses (593) (618) (644) (958) (644) (650) (640) Gross operating income 178 231 250 439 167 164 156 Cost of risk (2)
Slide 70: Corporate & Investment Banking: quarterly series
Corporate & Investment Banking: quarterly series CORPORATE & INVESTMENT BANKING €m Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Q3-22 Net banking income 922 910 864 950 969 955 897 Operating expenses (595) (599) (581) (715) (631) (602) (626) Gross operating income 328 310 282 235 338 353 271 Cost o
Slide 71: Corporate center: restated quarterly series
Corporate center: restated quarterly series CORPORATE CENTER €m Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Q3-22 Net banking income 120 153 138 221 168 170 179 Operating expenses (710) (249) (230) (323) (830) (179) (236) Gross operating income (590) (96) (92) (102) (662) (9) (57) Cost of risk (19
Slide 72: Performing & non-performing loans and impairment
Performing & non-performing loans and impairment €bn Sept. 30, 2022 Dec.31, 2021 Gross outstanding loans to customers and credit institutions 938.2 889.0 O/w S1 outstandings 787.9 788.2 O/w S2 outstandings 128.9 79.2 O/w S3 outstandings 21.4 21.6 Non-performing loans/gross outstanding loans 2.3% 2.4
Slide 73: Cost of risk by business lines
Cost of risk by business lines S3 S1/S2 COST OF RISK(1) (in bps) 40 19 28 25 22 22 20 22 9 BP network 22 18 20 12 10 21 19 9 12 3 2 2 26 19 17 11 17 12 15 13 8 10 8 7 CE network 10 15 12 8 7 7 10 2 -2 34 25 21 z 16 23 18 21 21 20 RB&I 19 17 12 14 10 18 5 4 8 10 11 -1 53 56 44 47 11 26 CIB 17 8 54 17
Slide 74: Breakdown of gross exposure at September 30, 2022
Breakdown of gross exposure at September 30, 2022(1) 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 Corporate
Slide 75: groupebpce.com
GROUPE ~ BPCE ~ PARIS 2024 PARIS 2024 QOH PREMIUM PARTNER jw groupebpce.com