Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (November 2023)
71 slides from Societe Generale S.a. Class A's debt investor presentation, November 2023
Slide 1: Presentation to debt investors
Societe Generale Presentation to debt investors Third quarter and nine-month 2023 results
Slide 2: Disclaimer
Disclaimer The financial information on Societe Generale for its third management or not currently considered material, and there forecasts) and our own internal estimates. We have not quarter and 9 months 2023 financial results comprises this can be no assurance that anticipated events will occur o
Slide 3: Quarterly and nine-month results: main highlights
Quarterly and nine-month results Income Balance Sheet Main highlights Statement and Capital Peak of the negative impact of short-term hedges on NIM Revenues CET1 reached in Q3 23 in French retail EUR 6.2bn in Q3 23 EUR 19.1bn in 9M 23 13.3%(2) at end of Q3 23 Record quarterly client acquisition for
Slide 4: 1. Group performance
1. Group performance
Slide 5: Q3 and 9M revenues
Q3 and 9M 23 revenues Q3 23 revenues (EURm) 9M 23 revenues (EURm) 20,544 +287 -776 19,178 -263 -298 +300 -317 -240 6,672 6,600 -33 18,458 -107 19,147 -63 -298 6,189 16,275 5,983 5,809 Q3 19 Q3 20 Q3 21 Q3 22 Perimeter NII Global TLTRO Other(2) Q3 23 9M 19 9M 20 9M 21 9M 22 Perimeter NII Global TLTRO
Slide 6: 9M operational performance
9M 23 operational performance 9M 23 operating expenses evolution (EURm) Cost / income ratio 249 13,858 76.0% 13,539 -145 339 71.6% 72.4% -205 67.9% 65.9% 81 9M 22 Russia SRF(1) CTA(2) LeasePlan Other 9M 23 9M 19 9M 20 9M 21 9M 22 9M 23 excl. CTA IFRS 4 IFRS 4 IFRS 4 IFRS 17 IFRS 17 LINEAR IMPROVEMEN
Slide 7: Low cost of risk and prudent provisioning
Low cost of risk and prudent provisioning Cost of risk(1) Total S1/S2 provisions(2) (in EURm) In EURm 3,622 3,769 3,612 3,355 29 31 28 13 21 15 12 Group 2,282 2,379 1,987 2,503 2,336 French Retail, Private 14 32 35 14 24 18 18 Banking and Insurance 1,231 Stage 2 Global Banking & 26 17 3 -1 16 1 -7 S
Slide 8: Cautious risk management
Cautious risk management Limited Russian exposure Strong asset quality Resilient mortgage loan portfolio in a context of rising rates Offshore portfolio reduced by ~-70% Mainly fixed-rate loans outstanding (>85%, o/w >98% in French Evolution of exposure at default (EUR bn) retail), highly protective
Slide 9: Regulatory ratios
Regulatory ratios Comfortably above minimum requirements End Q3 23 ratios Requirements(1) Phased in Fully loaded CET1 9.76%(2)(3) 13.3% 13.2% Total Capital 14.2% 18.6% 18.5% Leverage ratio 3.5% 4.2% 4.2% TLAC (%RWA) 22.1%(3) 32.5% 32.4% TLAC (%leverage) 6.75% 8.5% 8.5% MREL (%RWA) 25.7%(3) 34.0% 33.
Slide 10: Strong capital, well above requirements
Strong capital, well above requirements Change in CET 1 ratio(1) (in bps) Risk-weighted assets (in EURbn) 372 385 384 +16bps -16bps +6bps +2bps 13.3% +15bps +6 bps IFRS 9 phasing 13.1% IFRS 9 phasing +6 bps Q3 22 Q2 23 Q3 23 Main regulatory ratios Requirements Ratios(1) CET 1 9.76% 13.3% 30.06.23 Or
Slide 11: TLAC and MREL ratios
Group TLAC and MREL ratios TLAC Q3 23 ratios MREL Q3 23 ratios % RWA EUR bn % Leverage % RWA EUR bn % Leverage 32.5% EUR 125bn 3.5% 13 34% EUR 131bn SP SNP 5% 19 SP T2 ⁽¹⁾ 9.5% 36 25.7% SNP 22.1% AT1 9.5% 36 T2 ⁽¹⁾ CET1 AT1 3.6% 14 CET1 3.6% 14 8.9% 2.6% 10 EUR 111bn 8.5% 2.6% 10 EUR 111bn 5.91% 6.7
Slide 12: Long term funding program
Long term funding program 2023 long-term funding program: 2023 vanilla long term funding program execution close to 100%(1) c. EUR 24bn vanilla debt, well balanced across formats Program (in EURbn) Issued (in EURbn) c. EUR 25bn of structured notes Prefunding for 2024 started with EUR 2.5bn Senio
Slide 13: Sound liquidity profile, stable deposits in Q3
Sound liquidity profile, stable deposits in Q3 Robust balance sheet Diversified deposit base Funded balance sheet(1) in EURbn as of Q3 23 In EURbn as of Q3 23 967 966 966 967 59 Short term wholesale funding Net deposits in central 28 TLTRO 223 banks French retail HQLA⁽²⁾ 62 Interbank loans 42 Intern
Slide 14: Solid funding structure
Solid funding structure Loan to Deposit Ratio Robust balance sheet 105% 90% 82% 81% Loan to deposit ratio of 81% 88% 87% 84% 80% High quality asset buffers Customer loans Comfortable LCR at 155% on average in Q3 23 55% Customer deposits 593 594 598 612 612 577 L/D 519 524 516 NSFR at 117% above regu
Slide 15: Group results
Group results In EURm Q3 2 3 Q3 22 Change 9M 23 9M 22 Change N et b ank i ng i ncom e 6,189 6,600 -6.2% -9.2%* 19,147 20,544 -6.8% -7.4%* Operating expenses (4,360) (4,083) +6.8% +2.0%* (13,858) (13,539) +2.4% +0.9%* Gross op erat i ng i ncom e 1,829 2,517 -27.3% -27.5%* 5,289 7,005 -24.5% -23.7%* N
Slide 16: 2. Business performance
2. Business performance SOCIETE GENERALE
Slide 17: French Retail, Private Banking and Insurance results
French Retail, Private Banking and Insurance results Revenues -16% vs. Q3 22, -15% excl. PEL/CEL In EURm Q3 2 3 Q3 22 Change 9M 23 9M 22 Change Net interest income excl. PEL/CEL -27% vs. Q3 22, -21% vs. 9M 22 Net banking income 1,883 2,253 -16.4% 6,070 6,931 -12.4% 2023 NII expected to be down by mo
Slide 18: SG network, Private Banking and Insurance
SG network, Private Banking and Insurance Loan and deposit outstandings -4% -5% Av. loan ouststandings vs. Q3 22 Av. deposit ouststandings(1) vs. Q3 22 Resilient deposit outstandings (stable vs. Q2 23), continued shift from In EURbn In EURbn sight deposits to term deposits Corporate loan outstanding
Slide 19: NII of French Retail, Private Banking and Insurance
NII of French Retail, Private Banking and Insurance 2023-2024 Net interest income outlook(1) Key assumptions Rate assumptions In EURm Euribor 3M assumptions(2) (%, end of period): 3,8 2,6 2,1 2022 2023e 2024e 846 808 744 Freeze of the Livret A and LDD rates until January 2025 Constant mandatory rese
Slide 20: BoursoBank
BoursoBank +412k +24% Client acquisition New clients in Q3 23 Total clients vs. Q3 22 In ‘000 In m Record client acquisition at +412k in Q3 23 (+838k in 2023), in line with 5.4 412 5.0 new strategic ambition 365 4.3 Stable profile of new clients Low and decreasing churn, below market standard(1) 129
Slide 21: Global Banking and Investor Solutions results
Global Banking and Investor Solutions results Revenues flat vs. Q3 22 Global Markets and Investor Services -2% vs. a high Q3 22 In EUR m Q3 2 3 Q3 22 Variation 9M 23 9M 22 Variation Financing and Advisory up +2% vs. Q3 22 Net banking income 2,309 2,318 -0.4% +2.1%* 7,455 7,649 -2.5% -1.4%* Operating
Slide 22: Global Markets and Investor Services
Global Markets and Investor Services Revenues: -2% vs. Q3 22 Global Markets revenues -2% vs. Q3 22 Q3 23 Global Marketsrevenues(2) 9M 23 Global Markets revenues(2) In EURm In EURm Solid performance, down in comparison to a record Q3 in 2022(1) Equities -1% vs. Q3 22 4,646 4,383 1,347 1,314 Robust le
Slide 23: Financing and Advisory
Financing and Advisory Revenues: +2% vs. Q3 22 Highest ever Q3 performance in Financing and Advisory Q3 23 F&A revenues(1) 9M 23 F&A revenues(1) In EURm In EURm Global Banking and Advisory -3% vs. a very high Q3 22 2,515 2,428 Sustained commercial performance in Asset Finance and 810 827 754 2,109 N
Slide 24: International Retail, Mobility and Leasing Services results
International Retail, Mobility and Leasing Services results Revenues +12% vs. Q3 22 International Retail Banking +3% vs. Q3 22 In EURm Q3 2 3 Q3 22 Change 9M 23 9M 22 Change Mobility and Leasing Services +22% vs. Q3 22 Net banking income 2,228 1,990 +12.0% -0.8%* 6,492 6,028 +7.7% +4.6%* Operating e
Slide 25: International Retail Banking
International Retail Banking +5% +3% Europe Loan ouststandings vs. Q3 22 Deposit ouststandings vs. Q3 22 In EURbn In EURbn Steady growth in loan outstandings across client segments, up +4% vs. Q3 22 in Czech Republic and +13% in Romania 54 54 52 Good momentum in deposits (+3% vs. Q3 22) across clien
Slide 26: Mobility and Leasing Services
Mobility and Leasing Services Revenues: +22% vs. Q3 22 Q3 23 revenues Ayvens earning assets Ayvens NBI +37% in Q3 23 vs. Q3 22 In EURm In EURbn Earning Assets +14% driven by rising car values 1,184 ALD Used Car Sales net results(1) at EUR 1,033 per unit in Q3 23 vs. EUR 3,014 in Q3 22 974 50.2 44.0
Slide 27: Corporate Centre
Corporate Centre Main revenue impacts Unwinding of the TLTRO hedges (EUR -63m) In EURm Q3 2 3 Q3 22 9M 23 9M 22 Change in fair value of the swaps used for the replacement of equity stakes in subsidiaries Net banking income (231) 39 (870) (64) Operating expenses (53) (58) (155) (228) Gross op erat i
Slide 28: Leading in ESG with new commitments taken in Q3
Leading in ESG with new commitments taken in Q3 23 Accelerating decarbonisation Leading by example NZBA alignment targets(1) - Oil & Gas: -70% absolute carbon emissions(1) by 2030 Invest in new frontiers with a EUR 1bn transition investment - Automotive: -51% carbon emission intensity by 2030 fund d
Slide 29: Key ESG targets
Key ESG targets Focused on fossil fuel financing reduction Engaging our business - Oil & Gas: -80% upstream exposure reduction by 2030 vs. 2019, EUR 300bn to support sustainable finance 2022 - 2025 with an intermediary step in 2025 at -50% vs. 2019 Ayvens ~50% of electric vehicles in new car deliver
Slide 30: 3. Supplement
3. Supplement SOCIETE GENERALE
Slide 31: Group long term funding breakdown
Group long term funding breakdown(1) Breakdown as of 30.09.2023 Access to diversified and complementary Subordinated Debt ⁽²⁾ 11% investor bases through: 16% Senior Non-Preferred Issues Subordinated issuances Senior Vanilla Preferred Unsecured Issues⁽³⁾ 8% 17% Senior vanilla issuances (public or pri
Slide 32: Credit rating overview
Credit rating overview Credit Rating as of October 2023 Fitch revised SG rating outlook to “Positive” on July 3rd 2023 “The Positive Outlook reflects SG's steady progress in its earnings level and stability, as seen over the last three years, and our expectation that the bank Fitch Moody’s S&P will
Slide 33: NZBA portfolio alignment targets
NZBA portfolio alignment targets Striving to meet or exceed the relevant 1.5°C scenario Oil&Gas(1) Power generation Automotive Steel Cement(3) Absolute emissions in gCO2/kWh in gCO2e/v-km in alignment score (2) in kgCO2e/t cement (index base 100) IEA SG scenario IEA IEA 100 221 SG 184 IEA IEA SG 671
Slide 34: Well recognized by extra-financial rating agencies
Well recognized by extra-financial rating agencies AGENCIES BEST SCORE WORST POSITION VERSUSPEERS AAA AA A BBB BB B CCC TOP5% BANKS WORLDWIDE AAA 0 20 30 40 80+ TOP14% BANKS WORLDWIDE Low risk 19.6 100 60 50 30 0 TOP 1% ALL COMPANIES 69 WORLDWIDE 100 60 54 30 0 TOP 5% BANKS WORLDWIDE 69 A+ C+ C C- D
Slide 35: Simplified and clear performance reporting
Simplified and clear performance reporting FROM TO Cost to achieve reported in TRANSFORMATION COSTS Cost to achieve borne by businesses Corporate Centre NORMATIVE CAPITAL ALLOCATION 11% of normative allocation 12% of normative allocation Insurance within Financial Services ; Consumer Insurance trans
Slide 36: Quarterly income statement by core business
Group Quarterly income statement by core business French Retail, Private Banking Global Banking and Investor International Retail, Mobility and Corporate Centre Group and Insurance Solutions Leasing Services In EURm Q3 23 Q3 22 Q3 23 Q3 22 Q3 23 Q3 22 Q3 23 Q3 22 Q3 23 Q3 22 Net banking income 1,883
Slide 37: 9M income statement by core business
Group 9M 23 income statement by core business French Retail, Private Banking Global Banking and Investor International Retail, Mobility and Corporate Centre Group and Insurance Solutions Leasing Services In EURm 9M 23 9M 22 9M 23 9M 22 9M 23 9M 22 9M 23 9M 22 9M 23 9M 22 Net banking income 6,070 6,9
Slide 38: IFRIC impact
Group IFRIC 21 impact Total IFRIC 21 Im pact o/w Resolution Funds - costs In EURm 9M 23 9M 22 9M 23 9M 22 French Retail, Priv ate B anking and Insurance ( 167) ( 225) ( 112) ( 173) Global B anking and Inv estor Solutions ( 581) ( 741) ( 481) ( 623) Global Markets and Investor Services (421) (566) (3
Slide 39: CRR2/CRD5 prudential capital ratios
Group CRR2/CRD5 prudential capital ratios Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 30.09.2023 31.12.2022 Shareholder equity Group share 68.1 66.5 (1) Deeply subordinated notes (11.1) (10.0) Distribution to be paid & interest on subordinated notes(2) (1.2) (1.9) Goodwill and
Slide 40: CRR2 leverage ratio
Group CRR2 leverage ratio CRR2 phased-in Leverage Ratio(1) In EURbn 30.09.2023 31.12.2022 Tier 1 Capital 61.2 58.8 (2) Total prudential balance sheet 1,454 1,340 Adjustments related to derivative financial instruments (6) (7) (3) Adjustments related to securities financing transactions 14 15 Off-bal
Slide 41: Risk-weighted assets
Group Risk-weighted assets(1) (CRR2/CRD5, in EUR bn) 385.0 384.2 371.6 48.8 48.7 45.6 131.5 125.6 128.0 121.0 118.2 120.7 119.4 11.6 11.3 117.5 7.3 7.4 15.3 5.0 5.1 28.9 5.1 0.3 0.0 98.2 0.1 Total 0.0 0.0 29.0 29.0 4.5 13.9 0.3 10.5 Operational 10.4 Market 120.5 324.6 324.2 115.9 113.1 112.4 118.1 3
Slide 42: Geographic breakdown of SG Group commitments
Group Geographic breakdown of SG Group commitments at 30.09.2023 On-and off-balance sheet EAD(1) All customers included: EUR 1,171bn Africa and Middle Latin America and East 3% Caribbean 1% Asia Pacific 6% Eastern Europe (EU) 7% France 44% North America 16% Western Europe (excl. France) 22% (1) Tota
Slide 43: Change in gross book outstandings
Group Change in gross book outstandings(1) End of period in EURbn 594.7 597.0 597.8 Total 573.0 579.9 585.0 586.1 572.4 553.9 131.9 138.1 139.3 163.5 164.3 145.3 142.3 137.8 141.7 International Retail, Mobility & Leasing Services Global Banking and Investor Solutions 190.7 190.1 182.9 170.7 176.9 17
Slide 44: Cost of risk
Group Cost of risk In EURm Q3 23 Q3 22 9M 23 9M 22 Net Cost Of Risk 144 196 342 264 French Retail, Private Banking Gross loan Outstandings 243,740 246,467 248,757 244,941 and Insurance Cost of Risk in bps 24 32 18 14 Net Cost Of Risk 13 80 (9) 343 Global Banking and Investor Gross loan Outstandings
Slide 45: Non-performing loans
Group Non-performing loans In EUR bn 30.09.2023 30.06.2023 30.09.2022 Performing loans 543.1 544.7 573.1 inc. Stage 1 book outstandings ⁽¹⁾ 489.4 491.9 511.2 inc. Stage 2 book outstandings 38.3 36.9 44.0 Non-performing loans 16.4 16.4 15.6 inc. Stage 3 book outstandings 16.4 16.4 15.6 Total Gross bo
Slide 46: Focus on exposures
Focus on exposures Corporate portfolio breakdown Exposure to sensitive sectors Corporate EAD(1) in each sector(2) in % of total group COMMERCIAL REAL ESTATE: 2% of total Group EAD EAD at 30.09.2023 Total group EAD: EUR 1,171bn Financial services 6.7% CONSTRUCTION: 1.0% of total Group EAD Real Estate
Slide 47: Limited and sound commercial real estate exposure
Limited and sound commercial real estate exposure Diversified exposure European portfolio US portfolio Commercial real estate gross exposure European commercial real estate gross US commercial real estate gross by geography (%) exposure by asset class (%) exposure by asset class (%) 6% 2% France Off
Slide 48: IFRS expected credit loss monitoring
IFRS 9 expected credit loss monitoring METHODOLOGY APPLIED As of Q3 23, IFRS 9 parameters were updated in order to take into account the current economic environment: • 3 macroeconomic scenarios were retained to capture the uncertainties around the general economic context and the war in Ukraine: ce
Slide 49: Change in trading VaR and stressed VaR
Group Change in trading VaR(1) and stressed VaR(2) Quarterly Average of 1-Day, 99% Trading VaR(1) (in EURm) 24 25 27 24 15 15 18 10 13 23 18 18 17 21 15 __ Trading VaR(1) 11 Credit 7 7 17 15 14 16 18 Interest Rates 12 15 13 10 Equity 8 11 12 14 14 Forex 8 9 9 10 3 4 3 2 Commodities 1 2 2 2 2 0 0 1 1
Slide 50: EPS calculation
Group EPS calculation Average number of shares (thousands) 9M 23 H1 23 2022 Existing shares 821,765 822,101 845,478 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 6,818 6,845 6,252 Other own shares and treasury shares 14,864 13,892 16,788 Number of shares us
Slide 51: Net asset value, tangible net asset value
Group Net asset value, tangible net asset value End of period (in EURm) 9M 23 H1 23 2022 Shareholders' equity Group share 68,077 68,007 66,970 Deeply subordinated and undated subordinated notes (11,054) (10,815) (10,017) Interest payable to holders of deeply & undated subordinated notes, issue premi
Slide 52: ROE/ROTE calculation detail
Group ROE/ROTE calculation detail End of period (in EURm) Q3 23 Q3 22 9M 23 9M 22 Shareholders' equity Group share 68,077 66,835 68,077 66,835 Deeply subordinated and undated subordinated notes (11,054) (9,350) (11,054) (9,350) (1) Interest payable to holders of deeply & undated subordinated notes,
Slide 53: French Retail, Private Banking and Insurance: quarterly and 9M results
French Retail, Private Banking and Insurance Quarterly results and 9M 23 French Retail, Private Banking French Retail, Private Banking O.w Insurance O.w Insurance and Insurance and Insurance In EURm Q3 23 Q3 22 Change Q3 23 Q3 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change Net banking income 1,883
Slide 54: French Retail: net banking income
French Retail, Private Banking and Insurance Net banking income NBI, (in EURm) 2,253 2,277 -16.4% 2,083 2,105 1,883 Commissions #REF! vs. Q3 22 998 973 1,014 1,022 +20.9% Fees 983 59 78 Other Income Net interest margin 81 95 8 #REF! vs. Q3 22 Net Interest Margin 1,014 1,077 846 808 744 Insurance Rev
Slide 55: French Retail: customer deposits and financial savings
French Retail, Private Banking and Insurance Customer deposits and financial savings Change Average outstandings (in EURbn) Q3 23 / Q3 22 459 463 462 459 461 +0.4% 130 132 133 133 132 +1.7% 25 27 27 28 29 +16.3% Life Insurance(1) Mutual Funds and Others 161 153 146 178 172 -18.1% Sight Deposits PEL
Slide 56: French Retail: loans outstanding
French Retail, Private Banking and Insurance Loans outstanding Change Average outstandings, net of provisions (in EURbn) Q3 23 / Q3 22 249 247 244 241 237 -4.7% 127 126 124 124 122 -3.6% Housing 20 20 19 17 16 -20.7% Consumer Credit and Overdraft Business 102 102 100 100 99 -3.0% Customers(1) and Fi
Slide 57: French Retail: insurance key figures
French Retail, Private Banking and Insurance Insurance key figures Life Insurance Outstandings Personal Protection Insurance Premiums (in EUR m) and Unit Linked Breakdown (in EUR bn) 1% 350 Change Q3 23/ Q3 22 126.6 131.6 131.8 1% 1% 132.9 133.3 300 250 0.9%* 268 1% 1% 35% 36% 37% 38% 37% 256 264 26
Slide 58: Global banking and investor solutions: quarterly results
Global banking and investor solutions Quarterly results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm Q3 23 Q3 22 Change Q3 23 Q3 22 Change Q3 23 Q3 22 Change Net banking income 1,482 1,508 +0.7%* 827 810 +4.7%* 2,309 2,318 -0.4% +2.1
Slide 59: Global banking and investor solutions: 9M results
Global banking and investor solutions 9M 23 results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm 9M 23 9M 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change Net banking income 4,940 5,221 -4.2%* 2,515 2,428 +4.5%* 7,455 7,649 -2.5% -1.4
Slide 60: Global banking and investor solutions: key financial indicators
Global banking and investor solutions Key financial indicators Global Markets and Investor Services RWA (in EURbn) Financing and Advisory RWA (in EURbn) 62.1 60.2 59.5 69.4 60.5 59.9 5.9 5.6 5.6 23.0 23.3 23.4 1.2 0.8 0.8 12.7 Operational 9.6 9.6 54.9 53.8 53.1 Market 33.7 27.5 26.9 Credit Q3 22 Q2
Slide 61: Global Banking and Investor Solutions: revenues
Global Banking and Investor Solutions Revenues Global Markets and Investor Services Revenues (in EURm) Financing & Advisory Revenues (in EURm) 210 161 275 179 168 Securities 892 Services 959 539 558 514 810 830 858 827 578 Fixed Income and Currencies 808 832 787 800 647 Equities Q3 22 Q4 22 Q1 23 Q2
Slide 62: Financing & Advisory: supporting clients in their transformations
Financing & Advisory Supporting clients in their transformations Client proximity AUD 4.7bn (EUR 2.8bn) sustainability-linked loan to refinance a hyperscale AirTrunk Innovation data centre specialist in Asia-Pacific & Japan. AirTrunk is owned by Macquarie Productexcellence Mandated Lead Arranger AM
Slide 63: Recognised expertise: league tables, rankings, awards
Global Banking and Investor Solutions Recognised expertise: league tables - rankings - awards GLOBAL MARKETS GLOBAL BANKING & ADVISORY SUSTAINABLE FINANCE #2 Sustainability-Linked Loans Bookrunner EMEA INSTITUTIONAL INVESTOR ENERGYRISK ASIA #3 Sustainability-Linked Loans Bookrunner France EUROMONEY
Slide 64: International Retail, Mobility and Leasing Services: quarterly results
International Retail, Mobility and Leasing Services Quarterly results International Retail Banking Mobility and Leasing Services O.w Consumer finance Total In EURm Q3 23 Q3 22 Change Q3 23 Q3 22 Change Q3 23 Q3 22 Change Q3 23 Q3 22 Change Net banking income 1,044 1,016 +2.8%* 1,184 974 -4.6%* 226 2
Slide 65: International Retail, Mobility and Leasing Services: 9M results
International Retail, Mobility and Leasing Services 9M 23 results International Retail Banking Mobility and Leasing Services O.w Consumer finance Total In EURm 9M 23 9M 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change Net banking income 3,124 3,139 +6.5%* 3,368 2,889 +2.5%* 689 742
Slide 66: International Retail Banking: breakdown by region, quarterly
International Retail Banking Breakdown by region – Quarterly results Czech Republic Romania Russia(1) Africa, Mediterranean basin Total International Retail and Overseas Banking In EURm Q3 23 Q3 22 Change Q3 23 Q3 22 Change Q3 23 Q3 22 Change Q3 23 Q3 22 Change Q3 23 Q3 22 Change Net banking income
Slide 67: International Retail Banking: breakdown by region, 9M
International Retail Banking Breakdown by region – 9M 23 results (1) Czech Republic Romania Russia Africa, Mediterranean basin Total International Retail and Overseas Banking In EURm 9M 23 9M 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change 9M 23 9M 22 Change Net banking income 1,0
Slide 68: Breakdown of loans and deposits outstanding
International Retail, Mobility and Leasing Services Breakdown of loans and deposits outstanding Breakdown of Loans Outstanding (in EUR bn) Change Breakdown of Deposits Outstanding (in EUR bn) Change Q3 23 / Q3 22 Q3 23 / Q3 22 89.9 +45.3% n/a 15.1 Sub-total Mobility and Leasing 2.1 +7.5% 24.0 +2.9%
Slide 69: Presence in Africa
International Retail Banking Presence in Africa Clients NBI Net income C/I RWA 4.5m EUR 1.4bn EUR 211m 56% EUR 25bn NBI RWA Credits Deposits L/D Ratio Ranking 9M 23 (in EUR m) (in EUR m) (in EUR m) (in EUR m) Morocco 361 8,121 8,315 7,129 117% 5th Algeria 119 1,726 1,567 2,528 62% - Tunisia 120 2,03
Slide 70: Methodology (1/2)
Methodology (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 41 of Societe Generale’s 2023 Universal Registration Document. The terms “Revenues” or “Net Banking Income” are used interchangeably. They provide a normalised measure of each pillar’s net banking income taki
Slide 71: Methodology (2/2)
Methodology (2/2) 7 – The Societe Generale Group’s Common Equity Tier 1 capital is calculated in accordance with applicable CRR2/CRD5 rules. The phased-in ratios include the earnings for the current financial year and the related provision for dividends. The difference between phased-in ratio and fu
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