Natixis S.A

Natixis — Groupe BPCE — H1 2019 Earnings Presentation

74 slides from Natixis's earnings presentation, Aug 1, 2019

  1. Slide 1: Results for the 2nd Quarter and 1st Half of 2019

    RESULTS FOR THE 2ND QUARTER AND 1ST HALF OF 2019 AUGUST 1, 2019

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation may contain forward-looking statements and comments relating to the objectives and strategy of Groupe BPCE. By their very nature, these forward-looking statements inherently depend on assumptions, project considerations, objectives and expectations linked to future event

  3. Slide 3: Key Messages

    KEY MESSAGES Sound H1-19 underlying performance with strict cost control (-0.6%1) Capital ratios at high levels and revenues slightly down (-1.4%) CET1 ratio at 15.5%3 and TLAC ratio at 23.2%3 at end-June 2019 RB&I: strong increase in revenues and in income before tax in H1-19 ʘ Good business drive

  4. Slide 4: Contents

    CONTENTS 1 Results of Groupe BPCE 2 Capital and liquidity 3 Results of the business lines 4 Conclusion 4 RESULTS FOR THE 2ND QUARTER AND THE 1ST HALF OF 2019

  5. Slide 5: H1-19 & Q2-19 Results 1/3

    H1-19 & Q2-19 RESULTS 1/3 Resilient Q2-19 income before tax at €1.7bn Change in H1-19 reported net income driven by Q1-19 transformation costs Reported figures H1-19 Q2-19 H1-19 H1-18 Q2-19 Q2-18 €m vs. H1-18 vs. Q2-18 Net banking income 12,069 12,251 (1.5)% 6,116 6,241 (2.0)% Operating expenses (8,

  6. Slide 6: H1-19 & Q2-19 Results 2/3: Exceptional items

    H1-19 & Q2-19 RESULTS 2/3 Exceptional items: bulk of the transformation costs incurred at end Q1-19 More limited transformation costs notably in retail networks in Q2-191 Breakdown of transformation and reorganization costs in H1-19 €m H1-19 H1-18 pf Q2-19 Q2-18 pf Revaluation of assets associated w

  7. Slide 7: H1-19 & Q2-19 Results 3/3

    H1-19 & Q2-19 RESULTS 3/3 Resilient Q2-19 and H1-19 income before tax compared to a high base in 2018 H1-19 Q2-19 Underlying figures H1-19 Q2-19 H1-19 H1-18 pf vs. H1-18 pf Q2-19 Q2-18 pf vs. Q2-18 pf €m vs. H1-18 pf vs. Q2-18 pf constant FX constant FX Net banking income 12,068 12,244 (1.4)% (2.4)%

  8. Slide 8: Focus on Cost Synergies and Operating Expenses

    H1-19 RESULTS – FOCUS ON COST SYNERGIES AND OPERATING EXPENSES Strict cost control driven by cost synergies and cost reduction in RB&I RB&I – change in operating expenses2 (in €m) Group cost synergies at June 30, 2019 22% Streamlining structure and IT 15 20% 13 Transformation of the customer relatio

  9. Slide 9: Focus on Cost of Risk

    H1-19 RESULTS – FOCUS ON COST OF RISK Cost of risk remains low and stable vs. H1-18 at 18 bps Cost of risk1 NPLs & coverage ratio In bps Ratio of non-performing loans/gross loan outstandings BP network 24 16 27 28 21 15 17 15 3.2% 2.8% 2.7% CE network 12 15 22 17 January 1st, 2018 Dec. 31, 2018 June

  10. Slide 10: Focus on Strategic Developments

    H1-19 RESULTS – FOCUS ON STRATEGIC DEVELOPMENTS Project1 to create a top European player in life insurance asset management with La Banque Postale AM and renewed partnership with CNP Assurances Asset management – key highlights of Ranking of asset managers by life insurance AuM the project of partne

  11. Slide 11: Contents

    CONTENTS 1 Results of Groupe BPCE 2 Capital and liquidity 3 Results of the business lines 4 Conclusion 11 RESULTS FOR THE 2ND QUARTER AND THE 1ST HALF OF 2019

  12. Slide 12: Capital and Loss-Absorbing Capacity

    CAPITAL AND LOSS-ABSORBING CAPACITY CET1 and TLAC ratios at high levels Change in the CET1 ratio (in bps) Organic capital creation ≈ 7 bps +22bps +4bps Pro forma impacts: 15.5%1 15.5% 15.5%2 ʘ Acquisition of 50.1% of Oney Bank4 -15bps -5bps ʘ Disposal of African subsidiaries -4bps CET1 ratio Retaine

  13. Slide 13: Liquidity

    LIQUIDITY 80% of the medium-/long-term funding plan completed Structure of MLT funding at June 30, 2019 2019 MLT funding plan of €20bn ʘ Unsecured segment: €13bn to €14bn  Of which €3bn to €4bn of senior non-preferred debt Unsecured bond issues ʘ Secured segment: €6bn to €7bn of covered bonds and o

  14. Slide 14: Contents

    CONTENTS 1 Results of Groupe BPCE 2 Capital and liquidity 3 Results of the business lines 4 Conclusion 14 RESULTS FOR THE 2ND QUARTER AND THE 1ST HALF OF 2019

  15. Slide 15: Retail Banking & Insurance 1/7

    RETAIL BANKING & INSURANCE 1/7 Strong revenue momentum and strict cost control drive a positive jaws effect in H1-19 Loan outstandings: €506bn, +7.1% YoY On-balance sheet deposits & savings1: €443bn, +6.7% YoY o/w residential mortgages +7.8% YoY o/w consumer loans +7.0% YoY o/w sight deposits +13.5%

  16. Slide 16: Retail Banking & Insurance 2/7: Digital

    RETAIL BANKING & INSURANCE 2/7 Digital inside at the service of our customers A 100% digital residential mortgage, simple, flexible and fast 100% digital loan application process, from simulation to signature of the loan contract Consumer loans: full digital subscription with the electronic signatur

  17. Slide 17: Retail Banking & Insurance 3/7: Banque Populaire network

    RETAIL BANKING & INSURANCE 3/7 network: income before tax +9.2% in H1-19 Customer base Loan outstandings in €bn Deposits & Savings +5.6% +6.8% 265 279 +2.3% YoY 74 75 217 Off-balance sheet D&S +89,700 11 12 203 Centralized regulated savings +7.0% On-balance sheet D&S, excluding centralized items 179

  18. Slide 18: Retail Banking & Insurance 4/7: Caisse d'Epargne network

    RETAIL BANKING & INSURANCE 4/7 Caisse d’Epargn network: expenses under tight control with positive jaws effect Customer base Loan outstandings in €bn Deposits & Savings +4.5% +7.3% 416 435 +0.9% YoY Off-balance sheet D&S 135 138 280 +56,100 Centralized regulated savings 57 57 261 +6.8% On-balance sh

  19. Slide 19: Financial Solutions & Expertise

    RETAIL BANKING & INSURANCE 5/7 Financial Solutions & Expertise – business dynamism and solid revenue base Breakdown of revenues per business line Business activities at June 30, 2019 ʘ Consumer credit: loan outstandings +6.8% YoY Consumer credit Progressive ramp-up of the loan restructuration offer,

  20. Slide 20: Insurance – continued strong momentum

    RETAIL BANKING & INSURANCE 6/7 Scope: Insurance division of Natixis Insurance – continued strong momentum with GOI +9% Business activities Premiums1 in €bn Life insurance AuMs1 Life1 and Personal protection insurance 65.0 ʘ Total AuMs at €65.0bn at end-June 2019 6.6 6.7 58.6 €3.4bn of net inflows in

  21. Slide 21: Payments – continued strong growth

    RETAIL BANKING & INSURANCE 7/7 Scope: Payments division of Natixis Payments – continued strong growth Net revenues: +10.4% YoY ʘ Payment Processing & Services: +5% YoY in H1-19 revenue growth in Natixis Payments’ historical activities Number of card transactions processed +9% YoY in Q2-19 Underlying

  22. Slide 22: Asset & Wealth Management

    ASSET & WEALTH MANAGEMENT Active asset management delivering performance and growth Asset Management: Asset management: >€3bn net inflows on LT products in Q2-19 (excl. H2O), positive net inflows in the US Assets under management1 (in €bn) Controlled affiliates 22 898 ʘ European affiliates1: ~€1bn n

  23. Slide 23: Corporate & Investment Banking

    CORPORATE & INVESTMENT BANKING Tight cost control and diversification creating value though large single file CoR impact Net revenues: good overall performance in a tough environment A diversified revenue mix Global markets: H1-19 revenue performance reflecting a high base, Net revenues1 (in €m) esp

  24. Slide 24: Contents

    CONTENTS 1 Results of Groupe BPCE 2 Capital and liquidity 3 Results of the business lines 4 Conclusion 24 RESULTS FOR THE 2ND QUARTER AND THE 1ST HALF OF 2019

  25. Slide 25: Conclusion

    CONCLUSION Strategic agility with the partnership project1 with La Banque Postale and CNP Assurances Retail banking & Insurance: robust growth in revenues (+1.8%) and strict cost discipline (operating expenses: -0.4%2) Strength of our diversified universal banking model faced with challenging market

  26. Slide 26: Annexes

    RESULTS FOR THE 2"? QUARTER AND 15" HALF OF 2019 a EXES AUGUST 1, 2019

  27. Slide 27: Contents

    ANNEXES Contents Retail Banking & Insurance Organizational structure of Groupe BPCE ʘ Income statement and quarterly series ʘ Banque Populaire and Caisse d’Epargne – Consolidated results of Groupe BPCE quarterly series ʘ Note on methodology ʘ Quarterly changes in net banking income ʘ Income statemen

  28. Slide 28: Organizational Structure of Groupe BPCE

    ANNEXES Organizational structure of Groupe BPCE at June 30, 2019 9 MILLION COOPERATIVE SHAREHOLDERS 100% 100% (3) FNBP(1) FNCE(2) 50% 50% 14 BANQUES POPULAIRES 15 CAISSES D’EPARGNE BPCE 100% 71% (5) SUBSIDIARIES (4) NATIXIS (1) Fédération Nationale des Banques Populaires (2) Fédération Nationale des

  29. Slide 29: Note on Methodology (1/4)

    ANNEXES Note on methodology (1/4) Presentation of the pro-forma quarterly results Exceptional items ʘ The segment information has been modified as of Q1-19 reflecting ʘ The exceptional items and the reconciliation of the restated the strategic project: income statement to the income statement report

  30. Slide 30: Note on Methodology (2/4)

    ANNEXES Note on methodology (2/4) Net banking income Business line performance presented using Basel 3 standards ʘ Customer net interest income, excluding regulated home savings schemes, is computed on the basis of interest earned from ʘ The accounting ROE of Groupe BPCE is the ratio between the tra

  31. Slide 31: Note on Methodology (3/4)

    ANNEXES Note on methodology (3/4) Capital adequacy ʘ Common Equity Tier 1 is determined in accordance with the ʘ This amount is comprised of the following 4 items: applicable CRR/CRD IV rules, after deduction, following the  Common Equity Tier 1 in accordance with the applicable instructions of the

  32. Slide 32: Note on Methodology (4/4)

    ANNEXES Note on methodology (4/4) Liquidity Loan outstandings and Deposits & Savings ʘ Total liquidity reserves comprise the following: ʘ Restatements regarding transitions from book outstandings to  Central bank-eligible assets include: ECB-eligible securities outstandings under management are as

  33. Slide 33: H1-19 Results: Reconciliation of Alternative Performance Measures

    ANNEXES H1-19 results: reconciliation of alternative performance measures to reported data Share in Gains or Net income income of Net banking Operating losses on Income attributable to Cost of risk equity- Goodwill income expenses other before tax equity holders accounted assets of the parent associ

  34. Slide 34: H1-18 pf Results: Reconciliation of Alternative Performance Measures

    ANNEXES H1-18 pf results: reconciliation of alternative performance measures to reported data Gains or losses Net income Net banking Operating on other Income attributable to Cost of risk income expenses assets before tax equity holders of the parent in millions of euros H1-18 results 12,251 (8,841)

  35. Slide 35: Q2-19 Results: Reconciliation of Alternative Performance Measures

    ANNEXES Q2-19 results: reconciliation of alternative performance measures to reported data Net income Net banking Operating Income attributable to Goodwill income expenses before tax equity holders of the parent in millions of euros Q2-19 results 6,116 (4,180) 3 1,693 956 Revaluation of assets assoc

  36. Slide 36: Q2-18 pf Results: Reconciliation of Alternative Performance Measures

    ANNEXES Q2-18 pf results: reconciliation of alternative performance measures to reported data Gains or losses Net income Net banking Operating on other Income attributable to Cost of risk income expenses assets before tax equity holders of the parent in millions of euros Q2-18 results 6,241 (4,235)

  37. Slide 37: Reconciliation of Reported to Pro-Forma Data (1/5)

    ANNEXES Reconciliation of reported consolidated data to pro-forma data (1/5) Corporate & Investment Retail Banking & Insurance Asset & Wealth Management Corporate center Groupe BPCE Banking Creation Creation Creation Creation Creation Q1-18 CFF BPCE I Q1-18 Q1-18 Q1-18 CFF BPCE I Q1-18 in millions o

  38. Slide 38: Reconciliation of Reported to Pro-Forma Data (2/5)

    ANNEXES Reconciliation of reported consolidated data to pro-forma data (2/5) Corporate & Investment Retail Banking & Insurance Asset & Wealth Management Corporate center Groupe BPCE Banking Creation Creation Creation Creation Creation Q2-18 CFF BPCE I Q2-18 Q2-18 Q2-18 CFF BPCE I Q2-18 in millions o

  39. Slide 39: Reconciliation of Reported to Pro-Forma Data (3/5)

    ANNEXES Reconciliation of reported consolidated data to pro-forma data (3/5) Corporate & Investment Retail Banking & Insurance Asset & Wealth Management Corporate center Groupe BPCE Banking Creation Creation Creation Creation Creation Q3-18 CFF BPCE I Q3-18 Q3-18 Q3-18 CFF BPCE I Q3-18 in millions o

  40. Slide 40: Reconciliation of Reported to Pro-Forma Data (4/5)

    ANNEXES Reconciliation of reported consolidated data to pro-forma data (4/5) Corporate & Investment Retail Banking & Insurance Asset & Wealth Management Corporate center Groupe BPCE Banking Creation Creation Creation Creation Creation Q4-18 CFF BPCE I Q4-18 Q4-18 Q4-18 CFF BPCE I Q4-18 in millions o

  41. Slide 41: Reconciliation of Reported to Pro-Forma Data (5/5)

    ANNEXES Reconciliation of reported consolidated data to pro-forma data (5/5) Corporate & Investment Retail Banking & Insurance Asset & Wealth Management Corporate center Groupe BPCE Banking Creation Creation Creation Creation Creation 2018 CFF BPCE I 2018 2018 2018 CFF BPCE I 2018 in millions of eur

  42. Slide 42: Exceptional Items and IFRIC 21 Effects: H1-19 vs H1-18 pf

    ANNEXES Exceptional items and IFRIC 21 effects per business line: H1-19 vs. H1-18 pf H1-19 Retail Banking Corporate Groupe AWM CIB in €m & Insurance center BPCE Impact of exceptional items (73) (5) (21) (238) (336) Impact of IFRIC 21 (53) (3) (16) (191) (263) Total impact on Income before tax (126)

  43. Slide 43: Exceptional Items and IFRIC 21 Effects: Q2-19 vs Q2-18 pf

    ANNEXES Exceptional items and IFRIC 21 effects per business line: Q2-19 vs. Q2-18 pf Q2-19 Retail Banking Corporate Groupe AWM CIB in €m & Insurance center BPCE Impact of exceptional items (41) 0 (3) (17) (61) Impact of IFRIC 21 26 1 8 95 131 Total impact on Income before tax (15) 1 5 78 70 Banque P

  44. Slide 44: Half-Yearly Income Statement per Business Line

    ANNEXES Groupe BPCE: half-yearly income statement per business line Corporate & Investment Retail Banking & Insurance Asset and Wealth Management Corporate center Groupe BPCE Banking in millions of euros H1-19 H1-18 pf H1-19 H1-18 pf H1-19 H1-18 pf H1-19 H1-18 pf H1-19 H1-18 pf % Net banking income

  45. Slide 45: Quarterly Income Statement per Business Line

    ANNEXES Groupe BPCE: quarterly income statement per business line Corporate & Investment Retail Banking & Insurance Asset and Wealth Management Corporate center Groupe BPCE Banking in millions of euros Q2-19 Q2-18 pf Q2-19 Q2-18 pf Q2-19 Q2-18 pf Q2-19 Q2-18 pf Q2-19 Q2-18 pf % Net banking income 4,

  46. Slide 46: Groupe BPCE: Quarterly Series

    ANNEXES Groupe BPCE: quarterly series Groupe BPCE in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19 H1-19 Net banking income 6,010 6,241 12,251 5,906 5,844 24,001 5,953 6,116 12,069 Operating expenses (4,606) (4,235) (8,841) (4,225) (4,621) (17,687) (4,686) (4,

  47. Slide 47: Consolidated Balance Sheet

    ANNEXES Consolidated balance sheet ASSETS (in €m) June 30, 2019 Dec. 31, 2018 LIABILITIES (in €m) June 30, 2019 Dec. 31, 2018 Cash and amounts due from central banks 92,718 76,458 Amounts due to central banks 0 9 Financial assets at fair value through profit or loss 206,087 200,516 Financial liabili

  48. Slide 48: Goodwill

    ANNEXES Goodwill Dec. 31, 2018 Acquisitions Impairments Conversion Reclassification June 30, 2019 In millions of euros Retail Banking & Insurance entities 1,239 10 (88) (1) 1,160 Asset & Wealth Management entities 3,121 40 6 1 3,168 Corporate & Investment Banking 129 11 140 entities Total 4,489 61 (

  49. Slide 49: Statement of Changes in Shareholders' Equity

    ANNEXES Statement of changes in shareholders' equity Equity attributable to equity holders of the parent In millions of euros December 31, 2018 66,194 Distributions (368) Capital increase (cooperative shares) 576 Remuneration of super-subordinated notes (TSSDI) (25) Impact of acquisitions and dispos

  50. Slide 50: Financial Structure: Regulatory Capital and Fully-Loaded Ratios

    ANNEXES Financial structure: changes in regulatory capital and fully-loaded ratios Reconciliation of shareholders' equity to total capital1 Regulatory capital1 (in €bn) June 30, 2019 Dec. 31, 20182 75.4 77.6 In billions of euros 14.0 14,5 0.3 0.3 Tier-2 capital Equity attributable to equity holders

  51. Slide 51: Financial Structure: Prudential Ratios and Credit Ratings

    ANNEXES Financial structure: prudential ratios and credit ratings June 30, 20191,2 Dec. 31, 20183 Dec. 31, 20173 LONG-TERM SENIOR PREFERRED CREDIT RATINGS (AUGUST 1, 2019) Total risk-weighted assets €407bn €392bn €386bn A+ outlook stable Common Equity Tier-1 capital €63.3bn €62.2bn €59.0bn Tier-1 ca

  52. Slide 52: SREP Capital Requirement

    ANNEXES SREP Capital requirement / SREP 2018 (as a %) Pillar 2 Requirement 2019 Countercyclical buffer 19.0% 2019 G-SIB buffer Total surplus of 578bps 2019 capital conservation buffer Tier 2 3.4 Tier 2 surplus of Pillar 1 Additional Tier 1 0.1 147bps 13.27% CET1 surplus of 431bps 2.00 Tier 2 0.06 1.

  53. Slide 53: Risk-Weighted Assets

    ANNEXES Risk-weighted assets Breakdown per business line (in €bn) Breakdown per type of risk1 (in €bn) (at current exchange rates) 392 407 407 Other 392 8% 8% 9% 10% 3% 15% 15% 3% 3% 3% Corporate & Investment Banking Operational risk Asset & Wealth 88% Market risk 87% 74% 74% Management Credit risk

  54. Slide 54: Leverage Ratio

    ANNEXES Leverage ratio1 June 30, 2019 Dec. 31, 2018 In billions of euros Tier-1 capital 63.3 62.3 Deduction of irrevocable payment commitments - (0.6) Tier 1 capital restated3 63.3 61.7 Balance sheet total 1,338.6 1,273.9 Prudential restatements (111.9) (104.9) Prudential balance sheet total2 1,226.

  55. Slide 55: Financial Conglomerate

    ANNEXES Financial conglomerate CRR/CRD IV2 Restatements Financial viewpoint conglomerate viewpoint Financial conglomerate ratio -0.3 Banking CR1 Total capital (CRR/CRD IV) (in €bn) 77.6 77,3 77,3 77,3 77.3 Regulatory + capital > Insurance CR1 (Solvency 2) 1 2 3 - Restatements applied +4.1 55.4 1 shi

  56. Slide 56: Liquidity Reserves and Short-Term Funding

    ANNEXES Liquidity reserves and short-term funding Total liquidity reserves of Groupe BPCE1 Short-term funding and MLT debt maturing (in €bn) in the short term (in €bn) 169% 223 2232 160% 153%2 203 81 86 67 20 12 20 64 120 126 62 64 107 June 30, 2018 Dec. 31, 2018 June 30, 2019 78 74 73 ST MLT Covera

  57. Slide 57: Retail Banking & Insurance: Half-Yearly Income Statement

    ANNEXES Retail Banking & Insurance: half-yearly income statement Banque Populaire Caisse d'Epargne Financial Solutions & Retail Banking & Insurance Payments Other networks network network Expertise Insurance in millions of euros H1-19 H1-18 pf % H1-19 H1-18 pf % H1-19 H1-18 pf % H1-19 H1-18 pf % H1-

  58. Slide 58: Retail Banking & Insurance: Quarterly Income Statement

    ANNEXES Retail Banking & Insurance: quarterly income statement Banque Populaire Caisse d'Epargne Financial Solutions & Retail Banking & Insurance Payments Other networks network network Expertise Insurance in millions of euros Q2-19 Q2-18 pf % Q2-19 Q2-18 pf % Q2-19 Q2-18 pf % Q2-19 Q2-18 pf % Q2-19

  59. Slide 59: Retail Banking & Insurance: Quarterly Series

    ANNEXES Retail Banking & Insurance: quarterly series Retail Banking & Insurance in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 3,977 4,080 8,057 3,975 4,024 16,056 4,069 4,129 8,200 Operating expenses (2,765) (2,667) (5,432) (2,556) (2,

  60. Slide 60: Banque Populaire and Caisse d'Epargne Networks: Quarterly Series

    ANNEXES Retail Banking & Insurance: Banque Populaire and Caisse d’Epargne networks quarterly series Banque Populaire network in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 1,586 1,641 3,228 1,559 1,590 6,377 1,618 1,626 3,244 Operating

  61. Slide 61: Retail Banking & Insurance: Changes in Net Banking Income

    ANNEXES Retail Banking & Insurance: changes in net banking income Banque Populaire network (in €m) Caisse d’Epargne network (in €m) +1.2% +0.5% 3,475 3,518 Change Change 3,228 3,244 57 59 40 38 -2 +2 1,506 1,509 1,286 1,266 -20 -3 97 13 21 95 +36 +36 1,807 1,843 1,896 1,932 H1-18 pf H1-19 H1-18 H1-1

  62. Slide 62: Retail Banking & Insurance: Deposits, Savings and Loans

    ANNEXES Retail Banking & Insurance Deposits & Savings (in €bn) Loan outstandings (in €bn) Change YoY Change YoY 730.6 697.2 +4.8% +7.1% 184.5 +13.5% Sight deposits 506.3 162.5 472.8 +3.8% Passbook savings accounts +7.8% Home loans 177.9 184.6 +1.8% Regulated home 299.0 savings plans 277.4 +7.0% Cons

  63. Slide 63: Banque Populaire Network: Deposits, Savings and Loans

    ANNEXES Retail Banking & Insurance: Banque Populaire network Deposits & Savings (in €bn) Loan outstandings (in €bn) Change YoY Change YoY +5.6% +6.8% 279.3 264.6 216.6 202.8 83.8 93.5 +11.5% Sight deposits +8.8% Home loans +6.4% Passbook savings accounts 125.5 115.3 51.3 54.6 +8.3% Consumer loans +2

  64. Slide 64: Caisse d'Epargne Network: Deposits, Savings and Loans

    ANNEXES Retail Banking & Insurance: Caisse d’Epargne network Deposits & Savings (in €bn) Loan outstandings (in €bn) Change YoY Change YoY 434.6 416.0 +4.5% +7.3% 83.6 71.8 +16.5% Sight deposits 280.2 261.2 +2.6% Passbook savings 129.0 accounts 125.7 Home loans +7.0% +1.4% Regulated home savings plan

  65. Slide 65: FSE Quarterly Series

    ANNEXES Retail Banking & Insurance: FSE quarterly series Financial Solutions & Expertise in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19 H1-19 Net banking income 268 273 541 270 278 1,089 272 279 551 Operating expenses (153) (151) (305) (150) (163) (618) (155

  66. Slide 66: Insurance Quarterly Series

    ANNEXES Retail Banking & Insurance: Insurance quarterly series Insurance in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 204 193 397 192 201 790 218 207 425 Operating expenses (118) (108) (226) (103) (118) (448) (125) (116) (241) Gross o

  67. Slide 67: Payments Quarterly Series

    ANNEXES Retail Banking & Insurance: Payments quarterly series Payments in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 93 95 188 96 105 389 103 105 208 Operating expenses (79) (88) (167) (84) (90) (341) (88) (94) (181) Gross operating in

  68. Slide 68: Other Networks Quarterly Series

    ANNEXES Retail Banking & Insurance: Other networks quarterly series Other networks in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 112 116 228 112 120 460 115 139 253 Operating expenses (78) (81) (159) (73) (94) (326) (79) (83) (162) Gro

  69. Slide 69: Asset & Wealth Management: Quarterly Series

    ANNEXES Asset & Wealth Management: quarterly series Asset & Wealth Management in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 799 842 1,641 841 1,032 3,513 773 932 1,705 Operating expenses (548) (569) (1,117) (584) (642) (2,343) (558) (6

  70. Slide 70: Corporate & Investment Banking: Quarterly Series

    ANNEXES Corporate & Investment Banking: quarterly series Corporate & Investment Banking in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 H1-19 Net banking income 944 976 1,920 828 518 3,266 807 847 1,654 Operating expenses (566) (551) (1,117) (525) (559) (2,202)

  71. Slide 71: Corporate Center: Quarterly Series

    ANNEXES Corporate center: quarterly series Corporate Center in millions of euros Q1-18 pf Q2-18 pf H1-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19 H1-19 Net banking income 290 344 634 263 269 1,166 304 208 510 Operating expenses (726) (449) (1,175) (559) (605) (2,339) (853) (361) (1,213) Gross ope

  72. Slide 72: Non-Performing Loans and Impairment

    ANNEXES Non-performing loans and impairment June 30, 2019 March 31, 2019 Dec. 31, 2018 In billions of euros Gross outstanding loans to customers and credit 782.6 774.0 763.1 institutions O/w S3 outstandings 21.0 21.2 21.5 Non-performing/gross outstanding loans 2.7% 2.7% 2.8% S3 impairment recognized

  73. Slide 73: Breakdown of Gross Exposure at June 30, 2019

    ANNEXES Breakdown of gross exposure at June 30, 20191 Breakdown per counterparty Breakdown per geographical region 5% Financial institutions/local Central administrations/Central banks and 27% governments other sovereign exposures 8% 5% 1% 8% 6% 1% 1% 5% 14% €1,210bn 15% 15% 7% 48% 1% 71% 30% 31% 1%

  74. Slide 74: © Direction de la Communication groupe

    groupebpce.fr © Direction de la Communication groupe

Groupe BPCE — H1 2019 Earnings Presentation on 6ix