Natixis — Groupe BPCE — Q1 2026 Earnings Presentation
64 slides from Natixis's earnings presentation, May 5, 2026
Slide 1: Groupe BPCE Q1 2026 Results
MAY 5, 2026 GROUPE BPCE Q1 2026 RESULTS 23 juin 2025 R e su lt s f or t h e 1 st q u a r t e r of 20 26 | M a y 5 , 20 26 1
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements and comments Preparation of the financial information requires Management to make relating to the objectives and strategy of Groupe BPCE. By their very nature, estimates and assumptions in certain areas regarding uncertain future ev
Slide 3: Net income +21% YoY at €1.0bn; novobanco acquisition finalized
NET INCOME(1): +21% YOY AT €1.0BN ACQUISITION OF NOVOBANCO FINALIZED ON APRIL 30TH 2026 BUSINESS PERFORMANCE FINANCIAL PERFORMANCE RB&I Net revenues at €6.8bn, +7% YoY Sustained commercial activity achieved by BP & CE networks; 217,000 new clients across all segments YTD Underlying C/I ratio at 65.0
Slide 4: Novobanco, a major step in Vision 2030 strategic project
NOVOBANCO, A MAJOR STEP IN VISION 2030 STRATEGIC PROJECT Groupe BPCE is strengthening its position as a leading European banking player THE LARGEST CROSS-BORDER BANKING 2025 KEY FIGURES ACQUISITION IN THE EUROZONE OVER TEN YEARS 1.7M 9%(2) 18%(2) ~€30bn clients overall medium-sized Loan book market
Slide 5: A group committed to helping clients meet transition challenges
A GROUP COMMITTED TO HELPING ITS CLIENTS MEET THE CHALLENGES OF TRANSITION The 2nd Sustainability CSRD Report highlights further progress in results and ambitions to make impact accessible to all ENERGY TRANSITION COMMITMENT TO SOCIETY SUPPORTING COMPETITIVENESS AND ENERGY SOVEREIGNTY STRENGTHENING
Slide 6: Summary
Summary 01 Groupe BPCE results 02 Capital and liquidity 03 Business line results 04 Conclusion
Slide 7: Groupe BPCE Results
01 GROUPE BPCE RESULTS
Slide 8: Q1-26 Results: Reported Net Banking Income
Q1-26 RESULTS: REPORTED NET BANKING INCOME RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m +13% +24% -7% +5% +12% +7% +4% +6% At constant change +3% -2% +1% 4,637 4,140 3,652 2,103 2,127 3,235 1 247 1,286 407 327 856 841 247 228 229 241 BP & CE networks FSE Insurance Digital & RB&I
Slide 9: Q1-26 Results: Operational Efficiency
Q1-26 RESULTS: OPERATIONAL EFFICIENCY REPORTED OPERATING EXPENSES IN €M Very positive jaws effect thanks to strong revenue growth: +7% +3% 46 2 25 2 4,490 81 4,359 (1) (1) (21) Q1-25 BP & CE FSE Insurance Digital & Other AWM CIB Corporate Q1-26 networks Payments network center RB&I: • Networks expen
Slide 10: Q1-26 Results: Reported Cost of Risk/Asset Quality
Q1-26 RESULTS: REPORTED COST OF RISK/ASSET QUALITY COST OF RISK Total Stage 1/2 Stage 3 Groupe BPCE 651 669 654 97 13 683 694 642 559 587 (37) (25) 554 596 (97) In €m 4 1 31 31 30 30 29 (2) (1) 29 27 (4) 27 In bps(1) 25 26 RB&I 28 28 33 28 1 (3) (2) (2) (4) 28 28 31 35 32 in bps(1) 25 28 17 32 30 29
Slide 11: Q1-26 Results: Reported Group P&L
Q1-26 RESULTS: REPORTED GROUP P&L DOUBLE DIGIT GROWTH IN REPORTED NET INCOME % €m Q1-26 Q1-25 Change Net revenues stand at €6.8bn in Q1-26 (+7% YoY) Net banking income 6,758 6,305 7% Net interest margin reached €2.8bn in Q1-26 (+23% YoY) Commissions stand at €2.8bn in Q1-26 (+1% YoY) Operating expen
Slide 12: Capital and Liquidity
02 CAPITAL AND LIQUIDITY
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 level(4) Requirements +22bps as at May 1, 2026 16.5% March 31, 2026 +2bps 16.4%(2) (19)bps (15)bps (1)bp CET1 ratio 16.4%(2) 10.59%(3) (ECB) Total capital ratio 19.2%(2) 14.65%(3) CET1 ratio at Earnin
Slide 14: Liquidity: 47% of 2026 Funding Plan Already Completed
LIQUIDITY: 47% OF 2026 FUNDING PLAN ALREADY COMPLETED(1,3) 2026 MLT WHOLESALE FUNDING PLAN COMPLETION Structure of MLT wholesale funding raised in 2026(2) *Asset-Backed Securities TARGETS 19% FUNDING (excl. ABS*) €10.4bn (47%) €22.0bn Unsecured bonds TLAC €7.5bn (68%) 49% Covered bonds (Tier2 + Seni
Slide 15: Business Line Results
03 BUSINESS LINE RESULTS
Slide 16: Retail Banking & Insurance: Banques Populaires
RETAIL BANKING & INSURANCE Banques Populaires DEPOSITS & SAVINGS in €bn PRODUCTION SUSTAINED COMMERCIAL MOMENTUM INCREASED LOAN PRODUCTION AND SAVINGS Q1-25 pf Q1-26 IMPROVING FINANCIAL RESULTS +4% Residential mortgages €3.3bn €3.7bn +14% Off-balance 105 Average rate 3.4% 3.3% (0.1)pp ~106,000 new c
Slide 17: Retail Banking & Insurance: Caisses d'Epargne
RETAIL BANKING & INSURANCE Caisses d’Epargne DEPOSITS & SAVINGS in €bn PRODUCTION STRONG GROWTH IN OFF-BALANCE SHEET SAVINGS INCREASING SUPPORT FOR LOCAL ECONOMIES Q1-25 pf Q1-26 STRONG MARGIN RECOVERY LEADING TO VERY +4% Residential mortgages €4.8bn €5.5bn +15% SOLID FINANCIAL RESULTS Off-balance 1
Slide 18: Retail Banking & Insurance: Financial Solutions & Expertise
RETAIL BANKING & INSURANCE Financial Solutions & Expertise % BREAKDOWN OF REVENUES PER BUSINESS LINE in Q1-26 €m(1) Q1-26 Change Consumer credit 7% Net banking income 407 24% Retail Banking services 30% 23% Retail securities services Operating expenses (224) 26% 21% BPCE Lease Gross operating income
Slide 19: Retail Banking & Insurance: Insurance
RETAIL BANKING & INSURANCE Insurance(1) LIFE INSURANCE AuM(2) in €bn CONTINUED GROWTH MOMENTUM IN LIFE INSURANCE AUM GROSS INFLOWS REMAIN HIGH 127.7 2.5 Life insurance AuM(2) stand at €128bn up +3% YTD driven by €3.6bn net (0.2) inflows in Q1-26. Positive net inflows in both € funds and UL products,
Slide 20: Retail Banking & Insurance: Digital & Payments
RETAIL BANKING & INSURANCE Digital & Payments STRONG FINANCIAL PERFORMANCE THROUGH SOLID ACTIVITIES AND CONTROL OF COSTS WHILE INVESTING IN INNOVATION AND SOVEREIGNTY INITIATIVES % €m(1) Q1-26 Change PAYMENTS Sovereignty : BPCE 1st bank to launch Wero e-commerce service for client and small Net bank
Slide 21: Retail Banking & Insurance: Business Line P&L
RETAIL BANKING & INSURANCE Business Line P&L STRONG QUARTER WITH DOUBLE DIGIT GROWTH IN NET INTEREST INCOME % €m(1) Q1-26 SOLID DYNAMICS ON LOANS PRODUCTION Change AND SAVINGS COLLECTION Net banking income 4,637 12% On-balance sheet deposits & savings(2,3) inflows at end-March 2026: +€16bn YoY; grow
Slide 22: Global Financial Services: Corporate & Investment Banking
GLOBAL FINANCIAL SERVICES Corporate & Investment Banking NET REVENUES(1) in €m €1.3BN NET REVENUES – RECORD QUARTER GROSS OPERATING INCOME UP 7% YOY AT CONSTANT FX 1,247 1,249 1,286 1,160 1,161 6 27 158 141 188 22 0 133 185 436 435 427 477 GLOBAL FINANCE 487 Net revenues reached €477m in Q1-26, up 1
Slide 23: Global Financial Services: Asset & Wealth Management
GLOBAL FINANCIAL SERVICES Asset & Wealth Management ASSETS UNDER MANAGEMENT(1) in €bn DOUBLE DIGIT GROWTH IN GROSS OPERATING INCOME POSITIVE FLOWS IN A SHIFTING ENVIRONMENT 1,323 9 1,268 14 1,261 AM flows(1): net inflows reached €9bn mainly on fixed income, MMF and insurance products (55) driven by
Slide 24: Global Financial Services: Business Line P&L
GLOBAL FINANCIAL SERVICES Business Line P&L ROBUST GROWTH OF GLOBAL BUSINESSES GROSS OPERATING INCOME AT CONSTANT FX IMPROVED COST EFFICIENCY YOY Constant % €m(1) Q1-26 Fx % Change change CIB Net banking income 2,127 1% 6% Net revenues reached €1.3bn in Q1-26 up 7% YoY at constant change (+3% YoY) d
Slide 25: Conclusion
CONCLUSION ‘ ANS
Slide 26: Conclusion
CONCLUSION BUSINESS PERFORMANCE FINANCIAL PERFORMANCE STRONG BALANCE SHEET RB&I Net revenues: €6.8bn, +7% YoY Average monthly LCRs Deposits & savings(1): RB&I: €4.6bn, +12% YoY in Q1-26: 144% +€16bn in Q1-26 YoY GFS: €2.1bn, +6% YoY at constant FX ~€7bn Good control of operating expenses: +3% YoY of
Slide 27: Annexes
5 MAI 2026 Q 1 2026 ANNEXES 23 juin 2025 R e su lt s f or t h e 1 st q u a r t e r of 20 26 | M a y 5 , 20 26 27
Slide 28: Content
CONTENT Consolidated results of Groupe BPCE Retail Banking & Insurance • Notes on methodology • Income statement and quarterly series • Income statement: reconciliation of reported data to • Banque Populaire and Caisse d’Epargne – quarterly series alternative performance measures • Deposits & saving
Slide 29: Notes on Methodology (1/4)
NOTES ON METHODOLOGY (1/4) E xc e p t i o n a l i t e m s Loan outstandings and deposits & savings • Exceptional items and the reconciliation of the reported income statement to • Restatements regarding transitions from book outstandings the underlying income statement of Groupe BPCE are detailed in
Slide 30: Notes on Methodology (2/4)
NOTES ON METHODOLOGY (2/4) Total loss-absorbing capacity Liquidity The Total Loss-Absorbing Capacity (TLAC) requirement is determined by Total liquidity reserves comprise the following: article 92a of CRR. • Central bank-eligible assets include: ECB-eligible securities not The TLAC numerator consist
Slide 31: Notes on Methodology (3/4)
NOTES ON METHODOLOGY (3/4) Business line indicators – BP & CE networks Business line indicators – Insurance Average rate (%) for residential mortgages: the average client rate for The percentage of individual clients insured corresponds to the residential mortgages corresponds to the weighted averag
Slide 32: Reconciliation of Reported Data to Alternative Performance Measures
Q1-26 & Q1-25 RESULTS: RECONCILIATION OF REPORTED DATA TO ALTERNATIVE PERFORMANCE MEASURES Net Share in net Gains or Net income Operating Cost of Income €m banking income of losses on - Group expenses risk before tax income associates other assets share Reported Q1-26 results 6,758 (4,490) (654) 18
Slide 33: Underlying Cost to Income Ratio
Q1-26 & Q1-25 RESULTS: UNDERLYING COST TO INCOME RATIO Underlying Net banking Operating €m cost income income expenses ratio Q1-26 reported figures 6,758 (4,490) 66.4% Impact of exceptional items (2) (94) Q1-26 underlying figures 6,759 (4,396) 65.0% Underlying Net banking Operating €m cost income in
Slide 34: 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 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 % Net banking income 4,637 4,140 2,127 2,103 (7) 62 6,758 6,305 7% Operating expenses (2,769) (2,642) (1,476)
Slide 35: Groupe BPCE: Quarterly Series
GROUPE BPCE: QUARTERLY SERIES GROUPE BPCE €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 6,305 6,315 6,410 6,693 6,758 Operating expenses (4,359) (4,304) (4,157) (4,471) (4,490) Gross operating income 1,946 2,011 2,253 2,222 2,267 Cost of risk (651) (559) (587) (669) (654) Income before tax 1,3
Slide 36: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES March 31, 2026 Dec. 31, 2025 March 31, 2026 Dec. 31, 2025 €m €m Cash and amounts due from central banks 140,304 133,938 Amounts due to central banks 20 12 Financial assets at fair value through profit or loss 254,526 239,646 Financial liabilities at fair
Slide 37: Statement of Changes in Shareholders' Equity
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Equity attributable to €m shareholders’ equity January 1st, 2026 89,309 Distributions 0 Change in capital (cooperative shares) 215 Impact of acquisitions and disposals on non-controlling interests 1 (minority interests) Income 1,008 Changes in gains & los
Slide 38: Changes in Regulatory Capital and Prudential Ratios
FINANCIAL STRUCTURE: CHANGES IN REGULATORY CAPITAL AND PRUDENTIAL RATIOS REGULATORY CAPITAL (in €bn) €m March 31, 2026 (1) Dec. 31, 2025 90.3 88.7 13.3 12.4 Equity attribuable to shareholders’ equity 90.5 89.3 Tier-2 capital 29.7 29.7 Cancelation of hybrid securities in equity - Cooperative shares a
Slide 39: Financial Structure: Distance to MDA
FINANCIAL STRUCTURE: DISTANCE TO MDA Capital Capital Countercycli Pillar I Pillar II conservation G-SIB Countercyclical Pillar I Pillar II conservation G-SIB cal buffer Jan. 2, 2026 requirement requirement buffer buffer buffer (CCyB) Total March 2, 2026 requirement requirement buffer buffer (CCyB) T
Slide 40: Prudential Ratios and Credit Ratings
FINANCIAL STRUCTURE: PRUDENTIAL RATIOS AND CREDIT RATINGS Long-term senior preferred credit ratings March 31, 2026(1) Dec. 31, 2025 Dec. 31, 2024 (May 5, 2026) Total risk-weighed assets €471bn €463bn €457bn A+ stable outlook Common Equity Tier-1 capital €77.0bn €76.3bn €73.8bn A2 Tier-1 capital €77.
Slide 41: 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) 32.9% 5.6% Eligible Senior Preferred debt 27.8% 27.3% 22.4% Senior Non-Preferred 8.0% Senior Non-Preferred 8.0% 2.9% 2.9% Tier 2 Tier 2 CET1 CET1 16.4% 16.4% 2026 TLAC March 31, 2026 2
Slide 42: Risk-Weighted Assets
RISK-WEIGHTED ASSETS(1) BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(2) (in €bn) 463 471 463 471 Other 11% 11% Operational Risk 7% 7% 4% 4% 21% 21% Global Financial Services Market Risk Retail Banking & Credit Risk 85% 85% Insurance 72% 71% Dec. 31, 2025 March 31, 2026 Dec. 31, 20
Slide 43: Leverage Ratio
LEVERAGE RATIO €bn March. 31, 2026(1) Dec. 31, 2025 Tier-1 capital 77.0 76.3 Balance sheet total(2) 1,678.8 1,645.7 Prudential restatements (140.0) (136.7) Prudential balance sheet total(2) 1,538.8 1,509.0 (3) Adjustments related to exposure to derivates (18.6) (16.0) Adjustments related to security
Slide 44: Financial Conglomerate
FINANCIAL CONGLOMERATE Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +4.6 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 94.9 Insurance CR(1) (Solvency 2) (in €bn) 90.3 RESTATEMENTS APPLIED - 1 2 3 +5.3 78.5 Shift from a Cancellati
Slide 45: 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) 324 304 303 305 294 134 124 114 123 128 Cash placed with central banks 173 168 161 162 159 LCR securities 33 MLT 34 75 88 34 36 34 78 80 7
Slide 46: Retail Banking & Insurance: Quarterly Income Statement
RETAIL BANKING & INSURANCE: QUARTERLY INCOME STATEMENT BANQUE CAISSE FINANCIAL DIGITAL & RETAIL BANKING & POPULAIRE D'EPARGNE SOLUTIONS & INSURANCE OTHER NETWORK PAYMENTS INSURANCE NETWORK NETWORK EXPERTISE €m Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 % Net
Slide 47: Retail Banking & Insurance: Quarterly Series
RETAIL BANKING & INSURANCE: QUARTERLY SERIES RETAIL BANKING & INSURANCE €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 4,140 4,195 4,439 4,729 4,637 Operating expenses (2,642) (2,596) (2,519) (2,694) (2,769) Gross operating income 1,498 1,599 1,920 2,034 1,868 Cost of risk (533) (480) (532) (62
Slide 48: Banque Populaire and Caisse d'Epargne Networks Quarterly Series
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE AND CAISSE D’EPARGNE NETWORKS QUARTERLY SERIES BANQUE POPULAIRE NETWORK €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 1,622 1,622 1,731 1,825 1,821 Operating expenses (1,080) (1,060) (1,034) (1,066) (1,125) Gross operating income 542 562 697 759 696
Slide 49: Retail Banking & Insurance: Deposits & Savings, Loan Outstandings
RETAIL BANKING & INSURANCE DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 238 +3% +2% 230 3% Sight deposits 2% Passbook savings accounts 248 243 (5)% Regulated home savings 400 392 plans 2% Residential mortages 23% Deposits linked to group 62 issuances(1) 1% Consumer lo
Slide 50: Banque Populaire Network
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +4% +1% 127 5% Sight deposits 120 3% Passbook savings accounts (1)% Regulated home savings plans 1% Residential mortages 81 162 164 79 (1) 13% Deposits linked to group is
Slide 51: Caisse d'Epargne Network
RETAIL BANKING & INSURANCE: CAISSE D’EPARGNE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +3% +2% 100 100 0% Sight deposits 165 162 2% Passbook savings accounts (7)% Regulated home savings plans 226 232 3% Residential mortages 45 48 26 20 25% Deposits linked t
Slide 52: FSE Quarterly Series
RETAIL BANKING & INSURANCE: FSE QUARTERLY SERIES FINANCIAL SOLUTIONS & EXPERTISE M€ Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 327 388 390 406 407 Operating expenses (177) (211) (212) (228) (224) Gross operating income 150 177 178 178 183 Cost of risk (38) (36) (59) (46) (48) Income before tax
Slide 53: Insurance Quarterly Series
RETAIL BANKING & INSURANCE: INSURANCE QUARTERLY SERIES INSURANCE €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 247 234 238 241 228 Operating expenses (47) (44) (44) (47) (46) Gross operating income 199 190 194 194 182 Income before tax 200 194 196 200 185 Net income – Group share 152 155 149 1
Slide 54: Digital & Payments Quarterly Series
RETAIL BANKING & INSURANCE: DIGITAL & PAYMENTS QUARTERLY SERIES DIGITAL & PAYMENTS €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 229 232 237 238 241 Operating expenses (167) (166) (160) (168) (166) Gross operating income 62 66 77 71 75 Cost of risk (31) (34) (35) (35) (38) Income before tax 34
Slide 55: Other Network Quarterly Series
RETAIL BANKING & INSURANCE: OTHER NETWORK QUARTERLY SERIES OTHER NETWORK €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 101 99 102 101 108 Operating expenses (59) (54) (51) (60) (60) Gross operating income 43 44 51 41 48 Cost of risk (21) (4) (5) (16) (13) Income before tax 22 40 46 28 35 Net i
Slide 56: 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 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 % Net banking income 841 856 1,286 1,247 2,127 2,103 1.2% Operating expenses (661) (682) (815) (790) (1,
Slide 57: Global Financial Services: Quarterly Series
GLOBAL FINANCIAL SERVICES: QUARTERLY SERIES GLOBAL FINANCIAL SERVICES €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 2,103 2,109 2,004 2,141 2,127 Operating expenses (1,473) (1,459) (1,435) (1,584) (1,476) Gross operating income 630 650 569 557 651 Cost of risk (72) (57) (52) (54) (62) Income b
Slide 58: Corporate & Investment Banking: Quarterly Series
CORPORATE & INVESTMENT BANKING: QUARTERLY SERIES CORPORATE & INVESTMENT BANKING €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 1,247 1,249 1,160 1,161 1,286 Operating expenses (790) (786) (768) (842) (815) Gross operating income 457 463 392 319 471 Cost of risk (62) (58) (53) (55) (60) Income b
Slide 59: Asset & Wealth Management: Quarterly Series
ASSET & WEALTH MANAGEMENT: QUARTERLY SERIES ASSET & WEALTH MANAGEMENT €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 856 860 844 980 841 Operating expenses (682) (673) (667) (742) (661) Gross operating income 173 187 178 238 180 Cost of risk (9) 1 0 1 (2) Income before tax 170 187 178 240 179 N
Slide 60: Corporate Center: Quarterly Series
CORPORATE CENTER: QUARTERLY SERIES CORPORATE CENTER €m Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net banking income 62 11 (33) (177) (7) Operating expenses (244) (249) (203) (193) (246) Gross operating income (182) (238) (236) (370) (252) Cost of risk (46) (22) (3) 7 (56) Share in income of associates 2 (1) 1 0
Slide 61: Performing & Non-Performing Loans and Impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn March. 31, 2026 Dec. 31, 2025 Gross outstanding loans to customers and credit institutions 1,024.9 1,017.5 O/w S1 outstandings 873.6 867.8 O/w S2 outstandings 123.2 122.3 O/w S3 outstandings 28.1 27.4 Non-performing loans/gross outstanding loans 2
Slide 62: Cost of Risk by Business Line
COST OF RISK BY BUSINESS LINE Cost of risk by business line (in pbs) Total Stage 1/2 Stage 3 38 -1 -2 -1 -1 -2 39 BP network 28 29 31 30 29 31 32 32 in bps(1) 1 27 CE network -4 -3 -3 -5 26 24 23 23 23 in bps(1) 24 19 21 21 1 (1) -2 1 35 RB&I 28 33 -4 in bps(1) 25 28 28 28 28 31 32 28 12 17 -2 51 CI
Slide 63: Breakdown of Gross Exposures at March 31, 2026
BREAKDOWN OF GROSS EXPOSURES AT MARCH 31, 2026(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 5% 2% 4% 2%
Slide 64: groupeBPCE.com
groupeBPCE.com groupeBPCE.com