Natixis — Groupe BPCE — Q3 2021 Earnings Presentation
81 slides from Natixis's earnings presentation, Nov 4, 2021
Slide 1: Results for the 3rd quarter and first 9 months of 2021
Results for the 3rd quarter and first 9 months of 2021 November 4, 2021
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
Slide 3: Groupe BPCE delivered strong net income at €3.5bn in 9M-21
Groupe BPCE delivered strong net income at €3.5bn(1) in 9M-21, reflecting dynamic business activity and decrease in cost of risk in a period of robust economic recovery Group revenues: €18.8bn, +15.5% vs. 9M-20 and +7.5% vs. 9M-19 Retail Banking & Insurance: revenues +7.5% YoY; ongoing buoyant activ
Slide 4: Groupe BPCE intends to reinforce its asset management business and extend CNP agreements
Groupe BPCE intends to reinforce its asset management business and to extend its commercial and industrial agreements with CNP Assurances ʘ Project to sell the 16.1% stake of BPCE in CNP Assurances to La Banque Postale at a price of €21.9 per share, Divestment i.e. €2.4bn and acquisitions ʘ Project
Slide 5: Groupe BPCE results
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 5 RESULTS FOR THE 3RD QUARTER AND FIRST 9 MONTHS OF 2021
Slide 6: Q3-21 & 9M-21 results
Q3-21 & 9M-21 results Strong set of results in Q3-21 9M-21 reported net income(1) at €3.2bn Restated figures Q3-21 Q3-20 % Change 9M-21 9M-20 % Change €m Net banking income 6,295 5,511 14.2% 18,749 16,237 15.5% Operating expenses (4,119) (3,905) 5.5% (12,924) (12,288) 5.2% o/w expenses excluding Sin
Slide 7: Exceptional items
Q3-21 & 9M-21 results – Exceptional items Limited impact of exceptional items €m Q3-21 Q3-20 9M-21 9M-20 Revaluation of assets associated with DSN Net banking income Corporate center (2) 3 (4) 3 denominated in foreign currencies Contribution to the insurance guarantee fund Net banking income Insuran
Slide 8: Underlying figures
Q3-21 & 9M-21 results – Underlying figures Strong revenue generation in a favorable economic and financial context and lower cost of risk Underlying figures Q3-21 % Change % Change 9M-21 % Change % Change €m vs. Q3-20 vs. Q3-19 vs. 9M-20 vs. 9M-19 Net banking income 6,293 14.4% 9.6% 18,758 15.5% 7.5
Slide 9: Cost of risk/Asset quality
Q3-21 & 9M-21 results – Cost of risk/Asset quality Cost of risk down 43.7% at €1.2bn in 9M-21, reflecting improved economic conditions; continued prudent provisioning: cost of risk +25.2% vs. 9M-19 COST OF RISK(1) S1/S2 S3 45 49 (in bps) 13 30 21 20 23 25 18 21 21 10 36 15 17 26 20 17 RB&I(2) 13 19
Slide 10: Digital & Data
Digital & Data Increased use of data resources and digital services for the benefit of our customers and their advisers Data resources and digital services to assist our customer advisers Q3-21 key figures DATA – AUTOMATION IN THE COLLECTION AND VERIFICATION OF CUSTOMER DOCUMENTS 11.7 million custom
Slide 11: Groupe BPCE's commitments to society
Groupe BPCE's commitments to society Groupe BPCE, committed to a responsible transition October 2021: publication by Groupe BPCE and Natixis of their first TCFD reports Alignment of portfolios Implementing the commitments Favoring the energy transition with a 'Net Zero' trajectory of the Paris finan
Slide 12: Capital and liquidity
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 12 RESULTS FOR THE 3RD QUARTER AND FIRST 9 MONTHS OF 2021
Slide 13: Capital and Loss-absorbing Capacity
Capital and Loss-absorbing Capacity High capital and TLAC/MREL positions, well above requirements CHANGE IN THE CET1 RATIO (in bps) Organic capital creation = 22bps Requirements Actual levels +31bps +6bps 15.8%(1) Sept. 30, 2021 as at Sept. 30, 2021(1) 15.6% (9)bps CET1 ratio 9.32%(2) 15.8% (4)bps (
Slide 14: Liquidity: 98% of the 2021 MLT funding plan raised
Liquidity: 98% of the 2021 MLT wholesale funding plan(1) raised(2) MLT wholesale funding: revised 2021 plan and execution YTD (2) ʘ Target: €22bn(1) / Raised YTD(1,2): €21.6bn or 98% Structure of MLT wholesale funding(3) • Tier 2 and/or Senior Non-Preferred raised in 2021 YTD(2) Target: €5.5bn / Rai
Slide 15: Business line results
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 15 RESULTS FOR THE 3RD QUARTER AND FIRST 9 MONTHS OF 2021
Slide 16: Retail Banking & Insurance
Retail Banking & Insurance Continued strong commercial performance and large positive jaws effect across all business lines Loan outstandings: €638bn, +6.9% YoY On-balance sheet deposits & savings(1): o/w residential mortgages +8.8% YoY €561bn, +7.3% YoY o/w consumer loans +5.9% YoY o/w sight deposi
Slide 17: Retail Banking & Insurance – Banques Populaires
Retail Banking & Insurance – Banques Populaires Sharp increase in GOI: +25.7% in 9M-21, expenses under control LOAN OUTSTANDINGS - in €bn - DEPOSITS & SAVINGS PRODUCTION +7.7% +10.1% P&C – Individual customers 355 265 +45% In thousands of contracts 272 183 323 252 82 19 Off-balance sheet D&S 75 16 3
Slide 18: Retail Banking & Insurance – Caisses d'Epargne
Retail Banking & Insurance – Caisses d’Epargne Strong increase in GOI: +10.9% in 9M-21, tight control of expenses LOAN OUTSTANDINGS - in €bn - DEPOSITS & SAVINGS PRODUCTION +4.3% 494 484 +6.3% 474 409 P&C – Individual customers +18% In thousands of contracts 330 135 140 310 Off-balance sheet D&S 10
Slide 19: Financial Solutions & Expertise
Retail Banking & Insurance – Financial Solutions & Expertise Good financial performance of all FSE businesses thanks to an increasingly buoyant commercial momentum and a strict control of risk Business activities Breakdown of revenues per business line in 9M-21 ʘ Consumer credit: 22% growth in perso
Slide 20: Retail Banking & Insurance – Insurance
Retail Banking & Insurance – Insurance Scope: Insurance division of Natixis Continued strong commercial momentum Premiums(1) In €bn Life insurance AuMs(1) Share of UL products – 9M-21 10.7 +35% +7% +9% YTD YoY share of UL +3pp +3pp 2.8 +6% 7.9 2.6 €8.5bn +5% 1.6 €79.3bn 2.7 €3.2bn 38% 2.3 €22.6bn 29
Slide 21: Payments / Oney Bank
Retail Banking & Insurance – Payments / Oney Bank PAYMENTS Scope: Payments division of Natixis Net revenues: +14% in 9M-21 compared with a low base in 2020 owing to the impact on commercial activities of lockdown measures imposed in France Underlying figures(1) Q3-21 % change 9M-21 % change ʘ Paymen
Slide 22: Global Financial Services
Global Financial Services Sustained growth in revenues and low cost of risk ASSET & WEALTH MANAGEMENT CORPORATE & INVESTMENT BANKING TWO GLOBAL BUSINESS LINES Net revenues: +22.2% in Q3-21 and +27.6% in 9M-21 Underlying figures(1) Q3-21 % 9M-21 % Constant ʘ Sustained commercial activity in a favorab
Slide 23: Global Financial Services – Asset & Wealth Management
Global Financial Services – Asset & Wealth Management Sustained growth in revenues and income before tax Underlying figures(1) Q3-21 % change 9M-21 % change Constant FX Q3-21 % change 9M-21 % change Constant €m % change FX % change Net banking income 848 17.7% 2,434 16.8% 21.1% incl. 896 20.3% 2,521
Slide 24: Global Financial Services – Asset Management
Global Financial Services – Asset Management AuM growth and fee rate Assets under management(1) (in €bn) Q3-21 AM fee rate (excluding performance fees) (in bps. Figures excluding H2O AM) ~39 ~38 (+1.2bp vs. Q3-20) Controlling affiliates WCM IM ~35 13 1,199 6 4 87 ~25 1,183 82 (6) 833 1,113 1,100 ~3
Slide 25: Global Financial Services – Corporate & Investment Banking
Global Financial Services – Corporate & Investment Banking Strong commercial activity across the board and decrease in cost of risk Net revenues continue to show good momentum thanks to a strong Net revenues(1) (in €m) 929 2,727 commercial environment and compared with a low base in H1-20 resulting
Slide 26: Conclusion
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 26 RESULTS FOR THE 3RD QUARTER AND FIRST 9 MONTHS OF 2021
Slide 27: Conclusion
Conclusion Strong commercial performance leading to a robust set of results Revenue growth and cost discipline leading to significant improvement in cost to income ratio: 66.9% in 9M-21, down 6.3pp YoY Continued prudent provisioning: cost of risk in 9M-21 down 43.7% vs. 9M-20 and up 25.2% vs. 9M-19
Slide 28: Annexes
Annexes 28 RESULTS FOR THE 3RD QUARTER AND FIRST 9 MONTHS OF 2021
Slide 29: Annexes Content
Annexes Content Organization chart of Groupe BPCE Retail Banking & Insurance ʘ Income statement and quarterly series Consolidated results of Groupe BPCE ʘ Banque Populaire and Caisse d’Epargne – quarterly series ʘ Note on methodology ʘ Deposits & savings and loan outstandings ʘ Reconciliation of res
Slide 30: Organization chart of Groupe BPCE
Annexes Organization chart of Groupe BPCE as at July 26, 2021 9 MILLION COOPERATIVE SHAREHOLDERS 100% 100% (1) FNBP (2) FNCE (3) BANQUES 50% 50% 14 POPULAIRES BANKS 15 CAISSES D’EPARGNE 100% SUBSIDIARIES BPCE NATIXIS Banque Palatine, Subsidiaries grouped together within the Financial Solutions & Exp
Slide 31: Note on methodology (1/4)
Annexes Note on methodology (1/4) Presentation of restated quarterly results Simplified Public Tender Offer on Natixis shares Following the announcement on February 25, 2020 of the sale of a On February 9, 2021, BPCE SA announced its intent to acquire the shares 29.5% stake in Coface, all impacts re
Slide 32: Note on methodology (2/4)
Annexes Note on methodology (2/4) Exceptional items Operating expenses The exceptional items and the reconciliation of the restated income The operating expenses correspond to the aggregate total of the statement to the income statement reported by Groupe BPCE are “Operating Expenses” (as presented
Slide 33: Note on methodology (3/4)
Annexes Note on methodology (3/4) Digital indicators The percentage of consumer loans initiated via digital pathways is the The number of support documents collected and automatically verified is number of consumer loans initiated via digital pathways that have the number of support documents transm
Slide 34: Note on methodology (4/4)
Annexes Note on methodology (4/4) Total loss-absorbing capacity Liquidity The amount of liabilities eligible for inclusion in the numerator Total liquidity reserves comprise the following: used to calculate the Total Loss-Absorbing Capacity (TLAC) ratio is ʘ Central bank-eligible assets include: ECB
Slide 35: Reconciliation of restated data to reported data
Annexes Reconciliation of restated data to reported data GROUPE GROUPE BPCE BPCE In millions of euros Q3-21 Coface Q3-21 Q3-20 Coface Q3-20 Reported Restated reported restated Net banking income 6,295 6,295 5,511 5,511 Operating expenses (4,119) (4,119) (3,905) (3,905) Gross operating income 2,176 2
Slide 36: Reconciliation of restated data to reported data
Annexes Reconciliation of restated data to reported data GROUPE GROUPE BPCE BPCE In millions of euros 9M-21 Coface 9M-21 9M-20 Coface 9M-20 Reported Restated reported restated Net banking income 18,749 18,749 16,237 16,237 Operating expenses (12,924) (12,924) (12,288) (12,288) Gross operating income
Slide 37: Q3-21 results: reconciliation of alternative performance measures
Annexes Q3-21 results: reconciliation of alternative performance measures to restated data Net Operating Income Net banking expenses before tax income income - Group share excluding In millions of euros Coface Restated Q3-21 results 6,295 (4,119) 1,898 1,327 Revaluation of assets associated with dee
Slide 38: 9M-21 results: reconciliation of alternative performance measures
Annexes 9M-21 results: reconciliation of alternative performance measures to restated data Net Operating Income Net banking expenses before tax income income - Group share excluding In millions of euros Coface Restated 9M-21 results 18,749 (12,924) 4,864 3,178 Revaluation of assets associated with d
Slide 39: Q3-20 results: reconciliation of alternative performance measures
Annexes Q3-20 results: reconciliation of alternative performance measures to restated data Net Operating Cost of Gains or Income Net banking expenses risk losses on before tax income income other - Group assets share excluding In millions of euros Coface Restated Q3-20 results 5,511 (3,905) (589) 7
Slide 40: 9M-20 results: reconciliation of alternative performance measures
Annexes 9M-20 results: reconciliation of alternative performance measures to restated data Net Operating Cost of Associates Gains or Income Net banking expenses risk losses on before tax income income other - Group assets share excluding In millions of euros Coface Restated 9M-20 results 16,237 (12,
Slide 41: Reconciliation of 2020 data to pro forma data (1/2)
Annexes Reconciliation of 2020 data to pro forma data (1/2) Retail banking and Q1-20 Q2-20 Q3-20 Q4-20 Insurance Net Net Net Net In millions of euros Operating Income Operating Income Operating Income Operating Income banking Net income banking Net income banking Net income banking Net income expens
Slide 42: Reconciliation of 2020 data to pro forma data (2/2)
Annexes Reconciliation of 2020 data to pro forma data (2/2) Corporate center Q1-20 Q2-20 Q3-20 Q4-20 Net Net Net Net In millions of euros Operating Income Operating Income Operating Income Operating Income banking Net income banking Net income banking Net income banking Net income expenses before ta
Slide 43: Exceptional items and IFRIC 21 effects per business line
Annexes Exceptional items and IFRIC 21 effects per business line Q3-21 RETAIL BANKING GLOBAL CORPORATE GROUPE BPCE & INSURANCE FINANCIAL CENTER In millions of euros SERVICES Impact of exceptional items (29) (7) (28) (64) (excl. Coface) Impact of IFRIC 21 29 10 115 154 Total impact on Income before 0
Slide 44: Exceptional items and IFRIC 21 effects per business line
Annexes Exceptional items and IFRIC 21 effects per business line Q3-20 pf RETAIL BANKING GLOBAL CORPORATE GROUPE BPCE & INSURANCE FINANCIAL CENTER In millions of euros SERVICES Impact of exceptional items (66) (39) (1) (107) (excl. Coface) Impact of IFRIC 21 31 11 107 149 Total impact on Income befo
Slide 45: Exceptional items and IFRIC 21 effects per business line
Annexes Exceptional items and IFRIC 21 effects per business line 9M-21 RETAIL BANKING GLOBAL CORPORATE GROUPE BPCE & INSURANCE FINANCIAL CENTER In millions of euros SERVICES Impact of exceptional items (62) (51) (127) (240) (excl. Coface) Impact of IFRIC 21 29 10 115 154 Total impact on Income befor
Slide 46: Exceptional items and IFRIC 21 effects per business line
Annexes Exceptional items and IFRIC 21 effects per business line 9M-20 pf RETAIL BANKING GLOBAL CORPORATE GROUPE BPCE & INSURANCE FINANCIAL CENTER In millions of euros SERVICES Impact of exceptional items (213) (46) (161) (420) (excl. Coface) Impact of IFRIC 21 31 11 107 149 Total impact on Income b
Slide 47: Restated quarterly income statement per business line
Annexes Groupe BPCE: restated quarterly income statement per business line RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE In millions of euros Q3-21 Q3-20pf Q3-21 Q3-20pf Q3-21 Q3-20pf Q3-21 Q3-20pf % Net banking income 4,393 4,098 1,758 1,439 144 (26) 6,295 5,511
Slide 48: Restated income statement per business line
Annexes Groupe BPCE: restated income statement per business line RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE In millions of euros 9M-21 9M-20pf 9M-21 9M-20pf 9M-21 9M-20pf 9M-21 9M-20pf % Net banking income 13,111 12,184 5,223 4,108 415 (55) 18,749 16,237 15.5%
Slide 49: Groupe BPCE: restated quarterly series
Annexes Groupe BPCE: restated quarterly series GROUPE BPCE In millions of euros Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 Net banking income 5,543 5,183 5,511 6,303 6,117 6,337 6,295 Operating expenses (4,546) (3,837) (3,905) (4,356) (4,655) (4,151) (4,119) Gross operating income 997 1,346 1
Slide 50: Consolidated balance sheet
Annexes Consolidated balance sheet ASSETS LIABILITIES Sept. 30, 2021 Dec. 31, 2020 Sept. 30, 2021 Dec. 31, 2020 (in millions of euros) (in millions of euros) Cash and amounts due from central banks 193,873 153,403 Financial liabilities at fair value through profit or loss 179,632 191,371 Financial a
Slide 51: Statement of changes in shareholders' equity
Annexes Statement of changes in shareholders' equity Equity attributable to equity In millions of euros holders of the parent December 31, 2020 72,683 Distributions (324) Capital increase (cooperative shares) 656 Impact of acquisitions and disposals on non-controlling interests (minority interests)
Slide 52: Changes in regulatory capital and fully-loaded ratios
Annexes Financial structure: changes in regulatory capital and fully-loaded ratios Reconciliation of shareholders’ equity to total capital Regulatory capital (in €bn) 78.2 78.0 In billions of euros Sept. 30, 2021 Dec. 31, 2020 9.3 8.1 Equity attribuable to equity holders of the parent 78.1 72.7 27.7
Slide 53: Financial structure: MDA trigger threshold
Annexes Financial structure: MDA trigger threshold Capital Capital Pillar I Pillar II conservation G-SIB Countercyclical Pillar I Pillar II conservation G-SIB Countercyclical 12/31/2020 requirement requirement buffer buffer buffer Total 09/30/2021 requirement requirement buffer buffer buffer Total S
Slide 54: Prudential ratios and credit ratings
Annexes Financial structure: prudential ratios and credit ratings Long-term SENIOR PREFERRED credit ratings Sept. 30, 2021(1) Dec. 31, 2020 Dec. 31, 2019 (November 4, 2021) Total risk-weighed assets €442bn €431bn €422bn A+ negative outlook Common Equity Tier-1 capital €69.9bn €69.0bn €66.0bn Tier-1
Slide 55: TLAC / MREL ratio
Annexes TLAC / MREL ratio TLAC(1,2) RATIO (as a % of risk-weighted assets) MREL(1,2) RATIO (as a % of risk-weighted assets) 29.7% 25.0% 6.4% 23.3% 19.5% 4.8% Eligible Senior Preferred debt 4.8% Senior Non-Preferred 2.7% Senior Non-Preferred 2.7% Tier 2 Tier 2 Additional Tier 1 Additional Tier 1 CET1
Slide 56: Risk-Weighed Assets
Annexes Risk-Weighed Assets BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(1) (in €bn) 431 442 431 442 12% Other 9% 9% 13% 3% 3% 19% 20% Global Financial Services Operational Risk Retail Banking & 88% 88% Market Risk 68% 68% Insurance Credit Risk Dec. 31, 2020 Sept. 30, 2021 Dec. 31
Slide 57: Leverage ratio
Annexes Leverage ratio(1) In billions of euros Sept. 30, 2021 Dec. 31, 2020 Tier-1 capital 69.9 69.0 Balance sheet total 1,504.5 1,446.3 Prudential restatements (127.5) (119.5) Prudential balance sheet total(1) 1,377.0 1,326.8 Adjustments related to exposure to derivates (3) (11.5) (32.5) Adjustment
Slide 58: Financial conglomerate
Annexes Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) viewpoint Restatements Financial conglomerate viewpoint +4.4 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital (in €bn) 82,4 82,4 82.5 Insurance CR(1) (Solvency 2) 78.0 78 RESTATEMENTS APPLIED - 1 2 3 +7.6 67.4 Sh
Slide 59: Liquidity reserves and short-term funding
Annexes Liquidity reserves and short-term funding TOTAL LIQUIDITY RESERVES OF GROUPE BPCE(1) SHORT-TERM FUNDING AND MLT DEBT MATURING (in €bn) IN THE SHORT TERM (in €bn) Coverage ratio of short-term funding + MLT debt maturing in the short-term by liquidity reserves(2) 331 329 307 255% 246% 242% 158
Slide 60: Retail Banking & Insurance: quarterly income statement
Annexes Retail Banking & Insurance: quarterly income statement BANQUE CAISSE FINANCIAL SOLUTIONS OTHER RETAIL BANKING POPULAIRE D'EPARGNE INSURANCE PAYMENTS & EXPERTISE NETWORKS & INSURANCE NETWORK NETWORK Q3-21 Q3-20pf % Q3-21 Q3-20pf % Q3-21 Q3-20pf % Q3-21 Q3-20pf % Q3-21 Q3-20pf % Q3-21 Q3-20pf
Slide 61: Retail Banking & Insurance: income statement
Annexes Retail Banking & Insurance: income statement BANQUE CAISSE FINANCIAL SOLUTIONS OTHER RETAIL BANKING POPULAIRE D'EPARGNE INSURANCE PAYMENTS & EXPERTISE NETWORKS & INSURANCE NETWORK NETWORK 9M-21 9M-20pf % 9M-21 9M-20pf % 9M-21 9M-20pf % 9M-21 9M-20pf % 9M-21 9M-20pf % 9M-21 9M-20pf % 9M-21 9M
Slide 62: Retail Banking & Insurance: quarterly series
Annexes Retail Banking & Insurance: quarterly series RETAIL BANKING & INSURANCE Q1-20 pf Q2-20 pf Q3-20 pf Q4-20 pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 4,076 4,010 4,098 4,276 4,298 4,420 4,393 Operating expenses (2,794) (2,577) (2,620) (2,816) (2,760) (2,687) (2,666) Gross ope
Slide 63: 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 Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 1,572 1,483 1,588 1,672 1,669 1,738 1,736 Operating expenses (1,092) (1,016) (1,053)
Slide 64: Retail Banking & Insurance deposits & savings and loans
Annexes Retail Banking & Insurance DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 867.1 812.7 +6.7% +6.9% 637.9 264.3 596.4 241.8 +9.3% Sight deposits Passbook savings accounts 357.4 214.6 +7.1% 328.6 200.4 +0.8% Regulated home savings plans +6.9% Term accounts Resident
Slide 65: Banque Populaire network
Annexes Retail Banking & Insurance: Banque Populaire network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 355.0 +10.1% +7.7% 322.6 137.9 121.3 271.9 +13.7% Sight deposits 252.5 +11.4% Passbook savings accounts 68.5 150.6 61.6 +1.3% Regulated home savings plans 137.7 2
Slide 66: Caisse d'Epargne network
Annexes Retail Banking & Insurance: Caisse d’Epargne network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 494.1 +4.3% +6.3% 473.5 117.4 330.2 111.7 310.5 +5.0% Sight deposits 145.0 +5.2% Passbook savings accounts 137.9 +0.5% 187.6 202.9 Regulated home savings plans +1
Slide 67: FSE quarterly series
Annexes Retail Banking & Insurance: FSE quarterly series FINANCIAL SOLUTIONS & EXPERTISE Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 288 262 284 300 295 302 303 Operating expenses (159) (141) (150) (154) (157) (156) (153) Gross operating income 130 120 1
Slide 68: Insurance quarterly series
Annexes Retail Banking & Insurance: Insurance quarterly series INSURANCE Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 222 229 221 233 240 252 229 Operating expenses (134) (116) (117) (123) (138) (124) (120) Gross operating income 88 113 104 110 102 128 10
Slide 69: Payments quarterly series
Annexes Retail Banking & Insurance: Payments quarterly series PAYMENTS Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 113 85 117 115 117 118 126 Operating expenses (93) (94) (97) (102) (103) (101) (103) Gross operating income 19 (9) 20 13 14 16 23 Income be
Slide 70: Other networks quarterly series
Annexes Retail Banking & Insurance: Other networks quarterly series OTHER NETWORKS Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 197 189 184 189 181 187 184 Operating expenses (141) (123) (127) (146) (125) (114) (133) Gross operating income 56 67 57 44 56
Slide 71: Global Financial Services: restated quarterly income statement
Annexes Global Financial Services: restated quarterly income statement per business line CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING In millions of euros Q3-21 Q3-20pf Q3-21 Q3-20pf Q3-21 Q3-20pf % Net banking income 896 745 862 695 1,758 1,439 22.2% Operatin
Slide 72: Global Financial Services: restated income statement
Annexes Global Financial Services: restated income statement per business line CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING In millions of euros 9M-21 9M-20pf 9M-21 9M-20pf 9M-21 9M-20pf % Net banking income 2,521 2,223 2,702 1,885 5,223 4,108 27.1% Operating
Slide 73: Global Financial Services: restated quarterly series
Annexes Global Financial Services: restated quarterly series GLOBAL FINANCIAL SERVICES Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 1,454 1,215 1,439 1,888 1,698 1,766 1,758 Operating expenses (1,140) (1,017) (1,088) (1,254) (1,184) (1,208) (1,226) Gross
Slide 74: Asset & Wealth Management: restated quarterly series
Annexes Asset & Wealth Management: restated quarterly series ASSET & WEALTH MANAGEMENT Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 774 705 745 1,003 773 851 896 Operating expenses (581) (539) (577) (698) (601) (625) (652) Gross operating income 193 166 1
Slide 75: Corporate & Investment Banking: restated quarterly series
Annexes Corporate & Investment Banking: restated quarterly series CORPORATE & INVESTMENT BANKING Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 En millions d’euros Net banking income 680 511 695 885 925 915 862 Operating expenses (559) (478) (512) (556) (583) (583) (573) Gross operating income 12
Slide 76: Corporate center: restated quarterly series
Annexes Corporate center: restated quarterly series CORPORATE CENTER Q1-20pf Q2-20pf Q3-20pf Q4-20pf Q1-21 Q2-21 Q3-21 In millions of euros Net banking income 13 (42) (26) 139 121 151 144 Operating expenses (612) (244) (197) (286) (711) (255) (227) Gross operating income (598) (286) (223) (148) (590
Slide 77: Performing & non-performing loans and impairment
Annexes Performing & non-performing loans and impairment In billions of euros Sept. 30, 2021 Dec.31, 2020 Gross outstanding loans to customers and credit institutions 877.4 850.4 O/w S1 outstandings 776.0 764.6 O/w S2 outstandings 79.5 64.3 O/w S3 outstandings 21.9 21.5 Non-performing loans/gross ou
Slide 78: Cost of risk by business lines
Annexes Cost of risk by business lines COST OF RISK(1) (in bps) 49 48 16 17 25 20 18 20 22 15 33 6 30 22 20 BP network 5 12 3 18 2 2 45 37 5 15 21 19 17 16 41 8 7 12 10 11 22 14 8 10 CE network 5 -2 7 45 49 13 21 20 23 25 18 21 17 26 10 36 20 19 17 RB&I 5 13 5 -1 4 163 123 121 124 95 112 112 65 53 1
Slide 79: Asset quality: limited exposures to sensitive sectors
Annexes Asset quality: limited exposures to sensitive sectors Diversified portfolio Exposure to sectors considered to be sensitive Breakdown of Group gross exposure per Corporate and small business Group exposures(2) counterparty at September 30, 2021(1) % % Gross % Total Group State- % Corporate cu
Slide 80: Breakdown of gross exposure at September 30, 2021
Annexes Breakdown of gross exposure at September 30, 2021(1) BREAKDOWN PER GEOGRAPHICAL REGION Financial institutions/local governments Central administrations/ Corporate customers Central banks and other sovereign exposures 4% 1% 3% 1% 7% 4% 2% 8% 7% 10% 24% 17% 15% 70% 58% 69% France Centralizatio
Slide 81: groupebpce.com
GROUPE ~ BPCE - PARIS 2024 PARIS 2024 QQY PARTENAIRE PREMIUM Gq groupebpce.com © te) O ©)