Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Q1 2026 Earnings Presentation
65 slides from Societe Generale S.a. Class A's earnings presentation, Apr 30, 2026
Slide 1: Group Results: First quarter 2026 results
Societe Generale Group Results First quarter 2026 results
Slide 2: Disclaimer
Disclaimer The financial information on Societe Generale for its first quarter currently deem immaterial, and there is no guarantee that the Registration Document and, where applicable, in the methodological 2026 financial results comprises this presentation and a dedicated anticipated events will o
Slide 3: ROTE of 11.7% in Q1 26, well above the 2026 target
ROTE of 11.7% in Q1 26, well above the 2026 target Income Balance Sheet Quarterly results on track Statement and Capital to reach end-of-year targets Revenues 2025 ordinary share buy-back completed Q1 26 NBI growth Q1 26 Costs Q1 26 C/I ratio EUR 7.1bn in Q1 26 +0.3%(3) vs. Q1 25 -6.0%(4) vs. Q1 25
Slide 4: 1. Group performance
1. Group performance SOCIETE GENERALE
Slide 5: Q1 revenue drivers
Q1 26 revenue drivers Q1 26 Revenues (EURm) +0.3% +242 -140 7,083 -154 +58 +17 7,106 Q1 25 Disposals RPBI(1) GBIS(2) MIBS(3) Corporate Q1 26 Centre Group revenues +0.3% vs. Q1 25 and +4.4% at constant perimeter and exchange rates. Impact from disposals mainly concentrated in Q1 26 French Retail, Pri
Slide 6: Further cost reduction in Q1
Further cost reduction in Q1 26 Q1 26 Operating expenses (EURm) C/I ratio by business (%) -6.0% 4,604 -100 -57 -62 68.1% 65.0% 60.9% -55 4,330 59.7% 60.6% 62.5% 59.0% <60% 53.7% Q1 25 Disposals FX CTA(1) Net cost Q1 26 RPBI(2) GBIS(3) MIBS(4) Group 2026 decrease Target Q1 25 Q1 26 Costs down -6.0% v
Slide 7: Q1 cost of risk at the low end of 2026 guidance range
Q1 26 cost of risk at the low end of 2026 guidance range Cost of risk(1) Total S1/S2 provisions(2) (in EURm) In EURm 4.7% 3.9% 3.5% In bps Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 3,131 2,939 2,946 Group 23 25 26 29 25 2,107 2,003 2,004 French Retail, Private Banking and 29 25 33 34 28 Insurance 1,024 936 942
Slide 8: Solid capital position
Solid capital position Change in CET1 ratio(1) (in bps) Risk-weighted assets (in EURbn) 393 393 397 +20bps -2bps -3bps -6bps -7bps 13.5% 13.5% +43bps earnings -23bps distribution Q1 25 Q4 25 Q1 26 Main regulatory ratios Q4 25 Earnings Organic OCI & PVA Bernstein US Regulatory Q1 26 Requirements Rati
Slide 9: Liquidity profile and deposit base
Liquidity profile and deposit base Robust balance sheet(1) Diversified deposit base Funded balance sheet(2) in EURbn at end Q1 26 In EURbn at end Q1 26 934 957 934 957 Short term Net deposits in 68 71 wholesale funding 124 146 French retail central banks Private banking HQLA⁽³⁾ 163 150 3% 15% Mobili
Slide 10: Group results
Group results In EURm Q1 26 Q1 25 Change Net banking income 7,106 7,083 +0.3% +4.4%* Operating expenses (4,330) (4,604) -6.0% -2.6%* Gross operating income 2,776 2,479 +12.0% +17.7%* Net cost of risk (355) (344) +3.2% +2.6%* Operating income 2,421 2,135 +13.4% +20.3%* Net profits or losses from othe
Slide 11: 2. Business performance
2. Business performance SOCIETE GENERALE
Slide 12: SG network, Private Banking and Insurance
1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE (RPBI) SG network, Private Banking and Insurance -1% -2% SG network SG network SG network Loans outstanding vs. Q1 25 Deposits outstanding vs. Q1 25 In EURbn In EURbn Loans outstanding excluding PGE stable vs. Q1 25 226 225 221 192 193 190 Deposit bas
Slide 13: BoursoBank
1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE (RPBI) BoursoBank +8% +15% Loans outstanding vs. Q1 25 AuA(3) outstanding vs. Q1 25 Commercial activity In EURbn In EURbn Deposits outstanding at EUR 48bn in Q1 26, +12% vs. Q1 25 17.3 17.6 78 80 16.3 70 Savings life insurance outstandings at EUR 15bn
Slide 14: French Retail, Private Banking and Insurance
1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE (RPBI) French Retail, Private Banking and Insurance Highlights Income Statement In EURm Q1 26 Q1 25 Change Revenues +8.9% vs. Q1 25 Net banking income 2,504 2,299 +8.9% +10.7%* Of which net interest income 1,189 1,061 +12.0% +13.8%* NII +12.0% vs. Q1
Slide 15: Global Markets and Investor Services
2 - GLOBAL BANKING AND INVESTOR SOLUTIONS (GBIS) Global Markets and Investor Services Global Markets and Investor Services revenues -2.9% vs. Q1 25, +1.1% at constant FX Q1 26 Global Markets revenues In EURm Global Markets revenues -3.9% vs. Q1 25, +0.5% at constant FX 1,759 1,690 Equities +5.5% vs.
Slide 16: Financing and Advisory
2 - GLOBAL BANKING AND INVESTOR SOLUTIONS (GBIS) Financing and Advisory Financing and Advisory revenues -8.6% vs. Q1 25, -3.8% at constant FX Q1 26 F&A revenues In EURm Global Banking and Advisory -10.7% vs. Q1 25, -5.0% at constant FX 973 Base effect vs. a record first quarter last year 885 889 Sol
Slide 17: Global Banking and Investor Solutions
2 - GLOBAL BANKING AND INVESTOR SOLUTIONS (GBIS) Global Banking and Investor Solutions Highlights Income Statement In EUR m Q1 26 Q1 25 Change Revenues -4.9% vs. Q1 25 Net banking income 2,755 2,896 -4.9% -0.5%* Global Markets and Investor Services -2.9% vs. Q1 25 Operating expenses (1,723) (1,755)
Slide 18: International Retail Banking
3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES (MIBS) International Retail Banking International Retail Banking revenues +2.0%* vs. Q1 25 +6%* / +10%* Stable* Loans / deposits outstanding* vs. Q1 25 Revenues* vs. Q1 25 In EURbn In EURm Europe 60.9 Strong commercial performance wit
Slide 19: Mobility and Financial Services
3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES (MIBS) Mobility and Financial Services Mobility and Financial Services revenues +3.7%* vs. Q1 25 Q1 26 M&FS revenues In EURm Ayvens revenues +1.7%(1) vs. Q1 25 Higher margins reflecting the strategic focus on profitability (587bps(2)
Slide 20: Mobility, International Retail Banking and Financial Services
3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES (MIBS) Mobility, International Retail Banking and Financial Services Highlights Income Statement In EURm Q1 26 Q1 25 Change Revenues +2.9%* vs. Q1 25 Net banking income 1,943 2,000 -2.9% +2.9%* International Retail Banking +2.0%* vs.
Slide 21: Corporate Centre
Corporate Centre In EURm Q1 26 Q1 25 Net banking income (96) (112) Operating expenses (71) (103) Net profits or losses from other assets Gross operating income (167) (215) Mainly related to the disposal of a real estate property in France Net cost of risk 1 6 Net profits or losses from other assets
Slide 22: Sustainable development
Sustainable development Seizing new business opportunities on emerging adaptation topics Deliver water solutions: . Financing the biggest African desalination . Contributing to the future of UK water . Supporting water accessibility in the region through project in Greater Casablanca supply with the
Slide 23: 3. Conclusion
3. Conclusion SOCIETE GENERALE
Slide 24: On track to achieve 2026 targets
On track to achieve 2026 targets 2026 2024 2025 Q1 26 TARGETS REVENUES (REPORTED) +6.7% vs. 2023 +1.7% vs. 2024 +0.3%(2) vs. Q1 25 REVENUES >+2% REVENUES (EXCLUDING DISPOSALS) +7.3% vs. 2023 +6.8% vs. 2024 +2.5% vs. Q1 25 vs. 2025 COSTS (REPORTED) -0.3% vs. 2023 -6.1% vs. 2024 -6.0%(3) vs. Q1 25 COS
Slide 25: 4. Supplement
4. Supplement SOCIETE GENERALE
Slide 26: Overview of exceptional items
Group Overview of exceptional items In EURm Q1 26 Q1 25 Operating expenses - Total one-off items and transformation charges (12) (74) Transformation charges (12) (74) Of which French Retail, Private Banking and Insurance (4) (23) Of which Global Banking & Investor Solutions (4) (12) Of which Mobilit
Slide 27: IFRIC impact
Group IFRIC 21 impact Total IFRIC 21 - costs o/w Resolution Funds In EURm Q1 26 Q1 25 Q1 26 Q1 25 French Retail, Private Banking and Insurance (46) (46) 0 0 Global Banking and Investor Solutions (137) (131) 0 0 Global Markets and Investor Services (102) (97) 0 0 Financing and Advisory (35) (34) 0 0
Slide 28: Q1 income statement by core business
Group Q1 26 income statement by core business French Retail, Private Banking and Global Banking and Investor Mobility, International Retail Corporate Centre Group Insurance Solutions Banking & Financial Services In EURm Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Net banking income 2
Slide 29: CRR3/CRD6 prudential capital ratios
Group CRR3/CRD6 prudential capital ratios Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31.03.2026 31.12.2025 Shareholder equity Group share 71.0 70.1 (1) Deeply subordinated notes and undated subordinated notes (10.4) (9.4) (2) Distribution to be paid , Distribution N-1 and inte
Slide 30: CRR3/CRD6 leverage ratio
Group CRR3/CRD6 leverage ratio Phased-in Leverage Ratio(1) In EURbn 31.03.2026 31.12.2025 Tier 1 Capital 64.6 62.9 (2) Total prudential balance sheet 1,448 1,370 Adjustments related to derivative financial instruments (6) 3 (3) Adjustments related to securities financing transactions 21 18 Off-balan
Slide 31: TLAC and MREL ratios
Group TLAC and MREL ratios TLAC Q1 26 ratios MREL Q1 26 ratios % RWA EUR bn % Leverage % RWA EUR bn % Leverage 32.4% EUR 129bn 29.7% EUR 118bn SP 2.7% 11 SP SNP 27.5% SNP T2 ⁽¹⁾ T2 ⁽¹⁾ 10.8% 43 10.8% 43 22.4% AT1 AT1 CET1 CET1 2.6% 10 2.6% 10 2.8% 11 EUR 118bn 2.8% 11 EUR 118bn 8.0% 8.7% o.w. junior
Slide 32: Risk-weighted assets
Group Risk-weighted assets(1) (CRR3/CRD6, in EUR bn) 397.2 393.1 393.1 61.8 64.7 61.9 129.9 130.5 129.9 128.2 125.0 125.5 124.3 124.7 125.1 11.8 11.9 18.8 18.8 10.7 18.7 19.6 18.5 18.4 24.9 24.7 24.1 0.0 0.0 0.0 0.1 0.1 0.1 10.9 9.7 10.8 Operational Market 319.3 323.6 317.7 106.3 111.1 111.7 105.8 1
Slide 33: Geographic breakdown commitments at 31.03.2026
Group Geographic breakdown commitments at 31.03.2026 On-and off-balance sheet EAD(1) 1% 2% 8% France 9% Western Europe (excl. France) North America 43% Eastern Europe 15% EUR 1,091bn Asia Pacific Africa & Middle East Latin America & Caribbean 23% (1) Total credit risk (debtor, issuer and replacement
Slide 34: Change in gross loans outstanding
Group Change in gross loans outstanding(1) End of period in EURbn 566.6 571.0 572.5 583.1 568.5 557.6 557.2 556.8 567.9 142.9 143.2 144.2 141.9 142.7 141.1 141.3 141.8 144.8 Mobility, International Retail Banking & Financial Services Global Banking and Investor Solutions 169.0 167.7 177.7 176.2 167.
Slide 35: Cost of risk
Group Cost of risk In EURm Q1 26 Q1 25 Net Cost Of Risk 164 171 French Retail, Private Banking and Insurance Gross loan Outstandings 233,691 233,536 Cost of Risk in bp 28 29 Net Cost Of Risk 47 55 Global Banking and Investor Solutions Gross loan Outstandings 162,414 172,782 Cost of Risk in bp 12 13
Slide 36: Non-performing loans
Group Non-performing loans In EURbn 31.03.2026 31.12.2025 31.03.2025 Performing loans 506.5 493.4 492.0 ⁽¹⁾ inc. Stage 1 book outstandings 446.0 437.8 439.0 inc. Stage 2 book outstandings 49.3 43.7 39.7 Non-performing loans 14.3 14.3 14.3 inc. Stage 3 book outstandings 14.3 14.3 14.3 (2) Total Gross
Slide 37: Sovereign bonds exposure by geography
Group Sovereign bonds(1) exposure by geography Bank i ng b ook Trad i ng b ook Bond s Tot al Tot al o/w bonds o/w bonds o/w bonds at F V t hrough P &L (A + B) (A) at amortised cost at FV through OCI at FV through P&L In EUR bn, as of 31 March 2026 (B) France 9.5 7.4 6.9 0.5 - 2.2 Czech Republic 7.5
Slide 38: Limited exposure to French sovereign
Group Limited exposure to French sovereign French sovereign exposure(1) EUR 17.2bn ~30% Total French EUR 7.3bn ~10% sovereign exposure: ~90% ~70% EUR 0.1bn ~100% EUR 24.6bn French OAT Public sectors loans and other Other securities Amortised cost (HTC(2)) Fair value (HTCS(3)) Limited exposure to Fre
Slide 39: Private credit, data centres, IT consulting and software exposures
Group Private credit, data centres, IT consulting and software exposures Private credit exposure Data centres, IT consulting & software Small exposure to private credit Well-diversified exposure 8% 12% Data centres Collateralised leveraged loans financing 20% 12% IT consulting ~1.4% ~1.1% Software C
Slide 40: Limited and diversified commercial real estate exposure
Group Limited and diversified commercial real estate exposure Diversified exposure European portfolio US portfolio Commercial real estate EAD by geography (%) European commercial real estate EAD by asset class (%) US commercial real estate EAD by asset class (%) 2% 4% France Office 10% 15% 23% Europ
Slide 41: Focus on exposures
Group Focus on exposures Corporate portfolio breakdown Most sensitive exposures Corporate EAD(1) in each sector(2) in % of total Group EAD at 31.03.2026 Total Group EAD: EUR 1,091bn PRIVATE CREDIT: ~1.4%(4) of total Group EAD Financial services 7.3% Utilities 3.2% HEDGE FUNDS: ~0.5% of total Group E
Slide 42: 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 EUR m) 24 25 43 19 20 19 18 10 20 33 14 16 10 9 17 8 10 15 11 __ Trading VaR(1) 9 10 13 15 23 9 10 8 Credit 8 8 9 10 9 11 Interest rates 10 13 17 16 Equity 14 16 15 12 11 13 12 5 Forex 3 3 2 2 2 1 1
Slide 43: Long term funding programme
Group Long term funding programme 2026 vanilla long-term funding program well advanced Main recent transactions Societe Generale Societe Generale April-26 January-26 Senior Non-Preferred 8NC7 Additional Tier 1 PerpNC10 EUR 1.25bn 3.875% Apr-34NC33 USD 1bn 7.125% PerpNC36 Programme Issued* (in EURbn)
Slide 44: Liquid asset buffer
Group Liquid asset buffer Strong liquidity reserves Liquid Asset Buffer (in EURbn) 328 334 Liquidity reserves at EUR 334bn at end of Q1 26 316 313 318 54 46 46 45 55 . Significant part of cash at Central Banks (EUR 144bn at end of Q1 26 vs. EUR 166bn at end of Q1 25) 104 129 127 136 142 . HQLA secur
Slide 45: EPS calculation
Group EPS calculation Average number of shares (thousands) Q1 26 2025 2024 Existing shares 759,309 790,605 801,915 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 2,244 2,328 4,402 Other own shares and treasury shares 14,604 12,021 2,344 (1) Number of shares
Slide 46: Net asset value, tangible net asset value
Group Net asset value, tangible net asset value End of period (in EURm) Q1 26 2025 2024 Shareholders' equity Group share 70,997 70,144 70,256 Deeply subordinated and undated subordinated notes (10,397) (9,366) (10,526) (1) Interest payable to holders of deeply & undated subordinated notes, issue pre
Slide 47: ROE/ROTE calculation detail
Group ROE/ROTE calculation detail End of period (in EURm) Q1 26 Q1 25 Shareholders' equity Group share 70,997 70,556 Deeply subordinated and undated subordinated notes (10,397) (10,153) (1) Distribution provision , distribution N-1 to be paid and interest payable to holders of deeply (1,656) (1,894)
Slide 48: French Retail, Private Banking and Insurance: Q1 results
French Retail, Private Banking and Insurance Q1 26 results French Retail, Private Banking o/w Insurance and Insurance In EURm Q1 26 Q1 25 Change Q1 26 Q1 25 Change Net banking income 2,504 2,299 +8.9% 179 170 +5.4% Operating expenses (1,494) (1,566) -4.6% (26) (34) -22.1% Gross operating income 1,01
Slide 49: French Retail, Private Banking and Insurance: Net banking income
French Retail, Private Banking and Insurance Net banking income NBI (in EURm) 2,504 +8.9% 2,378 179 2,299 2,269 2,281 188 170 173 177 Insurance revenues +4.6% 1,114 987 1,056 1,013 1,021 Fees +79.6% Net Interest Income +10.4% (excluding PEL/CEL provision or reversal) 1,149 1,165 +5.4% Other income 1
Slide 50: Customer deposits and financial savings
French Retail, Private Banking and Insurance Customer deposits and financial savings End of period outstandings (in EURbn) 462 466 475 475 464 148 Life Insurance (1) 150 153 158 159 Mutual Funds 27 26 28 28 29 Sight Deposits 119 PEL 122 120 121 120 Passbook deposits 12 12 11 11 10 36 37 39 39 39 Reg
Slide 51: Loans outstanding
French Retail, Private Banking and Insurance Loans outstanding End of period outstandings, net of provisions (in EURbn) 221 222 223 223 220 0.9% 113 115 116 116 115 Housing +0.8% Consumer Credit and Overdraft 14 14 14 14 14 +0.7% Business Customers(1) and Financial Institutions 94 93 93 93 91 -3.1%
Slide 52: Insurance key figures
French Retail, Private Banking and Insurance Insurance key figures Life Insurance Outstandings and Unit-Linked Breakdown (in EURbn) 350 Personal Protection Insurance Premiums (in EURm) 180 158.1 159.2 300 160 148.1 150.3 153.4 250 262 140 41% 41% 252 252 260 262 120 40% 40% 41% 200 100 Unit-Linked 1
Slide 53: Global Banking and Investor Solutions: Q1 results
Global Banking and Investor Solutions Q1 26 results Global Markets and Investor Total Global Banking and Investor Financing and Advisory Services Solutions In EURm Q1 26 Q1 25 Change Q1 26 Q1 25 Change Q1 26 Q1 25 Change Net banking income 1,866 1,922 +1.1%* 889 973 -3.8%* 2,755 2,896 -4.9% -0.5%* O
Slide 54: 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) 70.5 71.7 74.5 57.7 53.3 55.3 8.5 8.0 8.0 16.4 16.1 16.7 Operational 1.0 1.3 1.2 8.6 9.4 9.7 Market Credit 60.9 62.4 65.4 32.7 27.8 29.0 Q1 25 Q4 2
Slide 55: 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) 163 176 176 Securities 167 698 571 Services 615 167 597 Fixed Income and 435 Currencies 973 1,017 895 882 889 1,061 1,119 Equities 962 824 789 Q1 25 Q2 25 Q3
Slide 56: Financing & Advisory: supporting clients in their transformations
Global Banking and Investor Solutions Financing & Advisory: supporting clients in their transformations Client proximity Innovation Amazon EUR 14.5bn Bond Offering, the largest ever for the EUR market, and USD 37.7bn Product excellence Bond Offering, one of the largest ever across the EUR and USD ma
Slide 57: Recognised expertise: league tables - rankings - awards
Global Banking and Investor Solutions Recognised expertise: league tables - rankings - awards AWARDS & RANKINGS LEAGUE TABLES GLOBAL BANKING & ADVISORY GLOBAL MARKETS SUSTAINABLE FINANCE #4 Green, Social and Sustainability Euro-denominated Bonds EMEA1 Real Estate Capital Global Finance Awards 2026 S
Slide 58: Mobility, International Retail Banking and Financial Services: Q1 26 results
Mobility, International Retail Banking and Financial Services Q1 26 results International Retail Banking Mobility and Financial Services o/w Consumer Finance Total In EURm Q1 26 Q1 25 Change Q1 26 Q1 25 Change Q1 26 Q1 25 Change Q1 26 Q1 25 Change Net banking income 880 913 +2.0%* 1,063 1,088 +3.7%*
Slide 59: Breakdown by region - Q1 26 results
Mobility, International Retail Banking and Financial Services Breakdown by region - Q1 26 results Czech Republic Romania Africa, Mediterranean basin and Total International Retail Banking Overseas In EURm Q1 26 Q1 25 Change Q1 26 Q1 25 Change Q1 26 Q1 25 Change Q1 26 Q1 25 Change Net banking income
Slide 60: Breakdown of loans and deposits outstanding
Mobility, International Retail Banking and Financial Services Breakdown of loans and deposits outstanding Breakdown of loans outstanding end of period* Variation* Breakdown of deposits outstanding end of period* Variation* (in EURbn)(1) Q1 26 / Q1 25 (in EURbn) Q1 26 / Q1 25 18.7 +6.2%* 17.6 3.8 +25
Slide 61: Presence in Africa
Mobility, International Retail Banking and Financial Services Presence in Africa Clients NBI Net income C/I RWA 2.6m EUR 0.3bn EUR 51m 55% EUR 18bn NBI RWA Loans Deposits L/D Ratio Ranking 3M 26 (in EURm) (in EURbn) (in EURbn) (in EURbn) Côte d'Ivoire 103 5.6 3.8 4.3 88% 1st Tunisia 44 2.5 1.8 2.1 8
Slide 62: ESG Ambitions - Quantified
ESG Ambitions - Quantified EUR 500 billion to support sustainable finance over the period 2024-2030 with: Sustainable finance ~EUR 400bn financing and ~EUR 100bn bonds ~EUR 400bn in environmental activities and ~EUR 100bn in social Energy transition EUR 1bn focused on emerging leaders - Oil & Gas: -
Slide 63: External recognition of our ESG expertise
External recognition of our ESG expertise AGENCIES WORST SCORE BEST AWARDS Sector average SG World's Best Bank for ESG by Euromoney Awards for Excellence 2025 CCC B BB BBB A AA AAA Sector average SG World’s Best Bank for Sustainable Infrastructure & 60+ 50 40 30 20 Low Risk 0 World’s Best Bank for P
Slide 64: Methodology (1/2)
Methodology (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 42 of Societe Generale’s 2026 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 65: Methodology (2/2)
Methodology (2/2) 8 – Solvency and leverage ratios are calculated in accordance with applicable CRR3/CRD6 rules transposing the final Basel III text, also called Basel IV, including the procedures provided by the regulation for the calculation of phased-in and fully loaded ratios. The solvency ratio