Societe Generale S.a. Class A · EURONEXT:GLE
Societe Generale S.a. Class A — Debt Investor Presentation (November 2021)
70 slides from Societe Generale S.a. Class A's debt investor presentation, November 2021
Slide 1: Presentation to Debt Investors
PRESENTATION TO DEBT INVESTORS 3rd quarter and nine months 2021
Slide 2: Disclaimer
DISCLAIMER The financial information on Société Générale for its 3rd quarter and nine months 2021 comprises this presentation and a dedicated press release which are available on the website: https://investors.societegenerale.com/fr. This presentation contains forward-looking statements relating to
Slide 3: Key Highlights and Group Performance
1 KEY HIGHLIGHTS AND GROUP PERFORMANCE
Slide 4: Q3 21: Excellent Quarter
Q3 21: EXCELLENT QUARTER EARNINGS GROWTH SOLID CAPITAL, DELIVERING ACROSS BUSINESSES ATTRACTIVE DISTRIBUTION ON STRATEGY Revenues +14.9% (15.0%*) CET1 ratio 13.4%(2) French networks merger vs. Q3 20 at 30.09.21 progressing as planned Strong growth in Financial Services and Presentation of the new ba
Slide 5: Q3 21: Strong Growth in Gross Operating Income
Q3 21: STRONG GROWTH IN GROSS OPERATING INCOME GROSS OPERATING INCOME POSITIVE JAWS COST/INCOME RATIO _Underlying gross operating Income (1) (EURm) _Change in revenues and _Underlying cost/income ratio (1) underlying costs(1) Q3 21/Q3 20 +44.1% +32.8% 2,400 +14.9% 72.1% 1,807 68.9% 1,666 64.0% +6.8%
Slide 6: Pursued Cost Discipline
PURSUED COST DISCIPLINE COST EVOLUTION (9M 21/9M 20) POSITIVE JAWS COST/INCOME RATIO _Underlying costs (EURm)(1) _Change in revenues and _Underlying cost/income (1) 9M 21/9M 20 underlying costs(1) 9M 21/9M 20 +3.3% +595 +67 -207 -47 12,594 +17.8% 74.9% 12,186 65.7% +3.3% 9M 20 Variable IFRIC 21 Othe
Slide 7: Low Cost of Risk Across All Businesses
LOW COST OF RISK ACROSS ALL BUSINESSES _Cost of risk(1) (in bp) 9M 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 9M 21 NON-PERFORMING LOANS RATIO(2) 67 SEP 18 SEP 19 SEP 20 MAR 21 JUN 21 SEP 21 GROUP 40 54 21 11 15 16 3.7% 3.4% 3.3% 52 3.2% 3.1% 50 3.1% FRENCH RETAIL BANKING 24 23 1 -1 8 INTERNATIONAL RETAIL 98
Slide 8: Limited Defaults, Prudent Provisioning
LIMITED DEFAULTS, PRUDENT PROVISIONING COST OF RISK STAGE 1/STAGE 2 TOTAL PROVISIONS _Cost of risk (in EURm) _Total provisions(1) (in EURm) 3,622 3,578 3,548 3,486 1,279 2,282 2,379 2,329 2,262 2,162 820 626 689 518 1,231 609 322 653 382 276 196 300 142 1,051 1,243 1,249 1,286 1,324 211 367 266 137
Slide 9: Leading the Energy Transition with Flagship Targets
LEADING THE ENERGY TRANSITION WITH FLAGSHIP TARGETS DECARBONISING ENGAGING OUR OUR PORTFOLIOS BUSINESSES BEST-IN-CLASS SECTOR POLICIES OIL AND GAS COAL EUR 120bn Reduce overall exposure to Reduce to zero our exposure to support the energy transition extraction sector by 10% to thermal coal in 2030 i
Slide 10: Group Results
GROUP RESULTS In EU R m Q3 2 1 Q3 2 0 C hange 9M 21 9M 20 C hange N et b ank i ng i ncom e 6,672 5,809 +14.9% +15.0%* 19,178 16,275 +17.8% +20.0%* Op erat i ng exp enses (4 , 1 7 0 ) (3 , 8 2 5 ) +9.0% +9.0%* (1 3 , 0 2 5 ) (1 2 , 3 6 3 ) +5.4% +6.6%* Underlying operating expenses(1) (4,272) (4,002)
Slide 11: Capital and Liquidity
2 CAPITAL AND LIQUIDITY
Slide 12: Regulatory Ratios Comfortably Above Minimum Requirements
REGULATORY RATIOS COMFORTABLY ABOVE MINIMUM REQUIREMENTS Requirements (1) End-Q3 21 ratios End-Q3 21 ratios Including IFRS9 phasing Fully-loaded CET1 9.02% (2) 13.4% 13.2% Total Capital 13.3% 18.6% 18.4% Leverage ratio 3.1% 4.5%(5) 4.4%(5) 19.5% (% RWA) (3) 29.9% (% RWA) 29.8% (% RWA) TLAC 6.0% (% l
Slide 13: Strong CET1 at 13.4% Post Share Buy-Back and Distribution Provision
STRONG CET 1 AT 13.4% POST SHARE BUY-BACK AND DISTRIBUTION PROVISION CET 1 AT 13.4% _Q3 21 change in CET 1(1) ratio (in bp) ~ 440bp buffer over MDA at 9.02% +17bp -13bp 9M 21 ORGANIC CAPITAL +2bp 13.4% 13.4% 13.4% GENERATION AT +61BP(2) IFRS 9 IFRS 9 +19bp IFRS 9 phasing +20bp post provision for dis
Slide 14: TLAC / MREL
GROUP TLAC / MREL TLAC Q3 21 ratios MREL Q3 21 ratios Meeting 2021 and 2022 requirements Meeting 2021 and 2022 requirements(2) % RWA (1) SP % RWA (2) 1.5% SP SNP T2 (*) 9.0% 25.2% SNP 21.5% AT1 % Leverage % Leverage T2 (*) 19.5% CET 1 9.0% AT1 3.8% CET 1 8.6% 3.8% 2.2% 28.4% 6% 6.75% >5.91% 2.2% 28.
Slide 15: Long Term Funding Programme
LONG TERM FUNDING PROGRAMME Long term funding programme completed giving flexibility to consider 2022 prefunding in Q4 21 2021 LONG TERM FUNDING PROGRAMME (1) 2021 funding programme: - c. EUR 14.5bn of vanilla debt, well balanced across the Senior Preferred and Secured debt ~EUR 3.5bn different form
Slide 16: Business Performance
3 BUSINESS PERFORMANCE
Slide 17: French Retail Banking Results
FRENCH RETAIL BANKING RESULTS I n EURm Q3 2 1 Q3 2 0 C hange 9M 21 9M 20 C hange REVENUES +5.7%(2) vs. Q3 20 Net banking income 1,976 1,836 +7.6% 5,729 5,470 +4.7% Net banking income excl. PEL/CEL 1,963 1,857 +5.7% 5,711 5,511 +3.6% Operating expenses (1,351) (1,292) +4.6% (4,101) (3,975) +3.2% Net
Slide 18: Merger Progress According to Plan
MERGER PROGRESS ACCORDING TO PLAN SOCIETE GENERALE & CREDIT DU NORD 10M CLIENTS TOP 3 IN CLIENT SATISFACTION IN OUR CORE SEGMENTS PRODUCT MIGRATION DESIGN COMPLETED SIGNATURE OF AGREEMENT ON HR CONDITIONS ~EUR 450M DECREASE IN PRESENTATION OF DETAILED BANKING MODEL COST BASE IN 2025 (VS. 2019) From
Slide 19: French Networks
FRENCH NETWORKS SOCIETE GENERALE & CREDIT DU NORD -2% (+9% vs. Q3 19) +7% +4% +12% AV. LOANS OUTSTANDING vs. Q3 20 AV. DEPOSITS OUTSTANDING vs. Q3 20 AV. LIFE INSURANCE OUTSTANDINGS vs. Q3 AV. PRIVATE BANKING AUM vs. Q3 20 20 _Loans (EURbn) _Deposits (EURbn) _Life insurance outstandings (EURbn) _Pri
Slide 20: Boursorama
BOURSORAMA +26% +24% +28% +29% NEW CLIENT ONBOARDING vs. Q3 20 TOTAL CLIENTS vs. end of Sept. 20 AV. LOANS OUTSTANDING vs. Q3 20 AV. DEPOSITS OUTSTANDING vs. Q3 20 _New client onboarding (‘000) _Total number of clients (m) _Loans (EURbn) _Deposits and financial savings (EURbn) >4m 35 163 3.1 2.5 13
Slide 21: International Retail Banking and Financial Services Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS I n EURm Q3 2 1 Q3 2 0 Change 9M 21 9M 20 Change REVENUES +12.8%* vs. Q3 20 Net banking income 2,107 1,891 +11.4% +12.8%* 5,958 5,605 +6.3% +9.8%* Operating expenses (1,015) (999) +1.6% +2.3%* (3,115) (3,124) -0.3% +2.6%* International Reta
Slide 22: International Retail Banking
INTERNATIONAL RETAIL BANKING EUROPE RUSSIA(2) AFRICA AND OTHER +5%* +12%* +8%* +4%* +1%* +7%* LOANS OUTSTANDING DEPOSITS OUTSTANDING LOANS OUTSTANDING DEPOSITS OUTSTANDING LOANS OUTSTANDING DEPOSITS OUTSTANDING vs. end of Sept. 20 vs. end of Sept. 20 vs. end of Sept. 20 vs. end of Sept. 20 vs. end o
Slide 23: Financial Services
FINANCIAL SERVICES INSURANCE FINANCIAL SERVICES TO CORPORATES +8%* +7%* 1.7m +11%* SAVINGS LIFE INSURANCE PROTECTION PREMIUM TOTAL ALD CONTRACTS EQUIPMENT FINANCE NEW OUTSTANDINGS vs. end of Sep. 20 vs. Q3 20 as of end of Sep. 21 BUSINESS VOLUMES vs. Q3 20 _Revenues (EURm) _Revenues (EURm) +40%* 700
Slide 24: Global Banking and Investor Solutions Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS In EURm Q3 21 Q3 20 Change 9M 21 9M 20 Change Net banking income 2,361 2,034 +16.1% +15.4%* 7,210 5,541 +30.1% +32.5%* REVENUES UP +16.1% vs. Q3 20, driven by Operating expenses (1,608) (1,478) +8.8% +8.2%* (5,307) (5,025) +5.6% +6.9%* strong business dy
Slide 25: Global Markets and Investor Services
GLOBAL MARKETS AND INVESTOR SERVICES GLOBAL MARKETS & INVESTOR SERVICES REVENUES: +8.4% vs. Q3 20 _Global Markets revenues (EURm) EQUITIES +53% vs. Q3 20, +30% vs. 2019 quarterly average 1,476 Strong performance across all products 1,228 1,194 High demand from clients for both structured and listed
Slide 26: Financing and Advisory, Asset and Wealth Management
FINANCING AND ADVISORY ASSET AND WEALTH MANAGEMENT FINANCING & ADVISORY REVENUES : +31% VS. Q3 20 _Revenues (EURm) Highest performance on record Excellent momentum in Acquisition Finance, M&A and LBO Strong dynamics in Asset Finance, Natural Resources and Asset-Backed Products 757 681 633 720 Contin
Slide 27: Corporate Centre
CORPORATE CENTRE I n EURm Q3 2 1 Q3 2 0 9M 21 9M 20 Net banking income 228 48 281 (341) Operating expenses (196) (56) (502) (239) EXCEPTIONNAL ITEMS BEFORE TAX: Underlying operating expenses (1) (110) (69) (259) (226) Gross op erat i ng i ncom e 32 (8 ) (2 2 1 ) (5 8 0 ) EUR 97m(2) TRANSFORMATION Un
Slide 28: CSR Strategy
4. CSR STRATEGY
Slide 29: Established Leadership in ESG
ESTABLISHED LEADERSHIP IN ESG AAA A1+ 69/100 2021 Investment Bank of the Year for #1 Best Bank for TOP 3% MSCI TOP 1% VIGEO EIRIS Sustainable Finance Sustainability ENERGY #1 Renewable Energy Project Financing in EMEA (1) TRANSITION #1 in Top 20 Clean Energy Lead Arrangers, by deal value (2) Exclusi
Slide 30: Mapping of 2021 Extra-Financial Ratings
MAPPING OF 2021 EXTRA-FINANCIAL RATINGS AGENCIES BEST SCORE WORST POSITION VERSUS PEERS A1+ D3- TOP 1% ALL COMPANIES 100 69 60 50 30 0 WORLDWIDE AAA AA A BBB BB B CCC TOP 3% BANKS WORLDWIDE 100 79 60 57 54 30 0 TOP DECILE BANKS WORLDWIDE (1) A+ C+ C C- D+ D D- TOP DECILE BANKS WORLDWIDE 0 10 20 25.9
Slide 31: Supplement
5 SUPPLEMENT
Slide 32: Quarterly Income Statement by Core Business
GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm Q3 2 1 Q3 2 0 Q3 2 1 Q3 2 0 Q3 2 1 Q3 2 0 Q3 2 1 Q3 2 0 Q3 2 1 Q3 2 0 Net banking incom e 1,976 1,836 2,107
Slide 33: 9M Income Statement by Core Business
GROUP 9M 21 INCOME STATEMENT BY CORE BUSINESS International Retail Banking Global Banking and Investor French Retail Banking Corporate Centre Group and Financial Services Solutions In EURm 9M 21 9M 20 9M 21 9M 20 9M 21 9M 20 9M 21 9M 20 9M 21 9M 20 Net banking incom e 5,729 5,470 5,958 5,605 7,210 5
Slide 34: Underlying Data - Reconciliation with Reported Figures
GROUP UNDERLYING DATA - RECONCILIATION WITH REPORTED FIGURES Net profit or losses Impairment losses Income Q3 21 (in EURm) Operating Expenses from Group net income Business on goodwill tax other assets Reported (4,170) 175 0 (699) 1,601 (+) IFRIC 21 linearisation (199) 46 (149) (+) Transformation ch
Slide 35: Underlying Data - IFRIC Impact
GROUP UNDERLYING DATA - IFRIC 21 IMPACT International Retail Global B anking and French Retail B anking B anking and Financial Corporate Centre Group Inv estor Solutions Serv ices In EUR m 9M 21 9M 20 9M 21 9M 20 9M 21 9M 20 9M 21 9M 20 9M 21 9M 20 Total IFRIC 21 Im pact - costs -157 -132 -95 -96 -4
Slide 36: CRR2/CRD5 Prudential Capital Ratios
GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 30.09.2021 31.12.2020 Shareholder equity Group share 63.6 61.7 Deeply subordinated notes* (7.8) (8.8) Undated subordinated notes* (0.3) Dividend to be paid & interest on subordinated notes (1
Slide 37: CRR2 Leverage Ratio
GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio(1) In EURbn 30.09.2021 31.12.2020 Tier 1 Capital 56.6 56.2 Total prudential balance sheet (2) 1,367 1,309 Adjustements related to derivative financial instruments (28) (78) Adjustements related to securities financing transactions(3) 21 6 Off-
Slide 38: Focus on Exposures
FOCUS ON EXPOSURES CORPORATE PORTFOLIO BREAKDOWN EXPOSURE TO SENSITIVE SECTORS CORPORATE EAD(1) IN EACH SECTOR IN % OF TOTAL GROUP EAD AT 30.09.2021 Total Group EAD: EUR 1,077BN ACCOMMODATION*: 0.3% of total Group EAD Finance & insurance 7.3% Business services 3.8% CATERING*: 0.3% of total Group EAD
Slide 39: IFRS 9 Monitoring
IFRS 9 MONITORING METHODOLOGY APPLIED As of Q3 21, IFRS 9 parameters were updated keeping a prudent approach: • Updated 4 macroeconomic scenarios with conservative adjustments made to take into account both the delay in defaults and the massive State support in the major countries in which we operat
Slide 40: Risk-Weighted Assets
GROUP RISK-WEIGHTED ASSETS* (CRR2/CRD5, IN EUR BN) 361.5 363.5 351.8 Total 134.3 136.8 49.2 49.2 52.0 124.5 14.1 14.3 113.0 31.9 15.9 Operational 112.2 111.2 31.9 6.8 5.6 5.6 0.2 32.2 Market 97.5 0.1 0.4 94.9 94.5 13.4 13.7 Credit 5.4 0.1 4.4 4.4 0.0 0.1 15.5 298.2 300.0 283.9 105.3 105.2 107.2 92.0
Slide 41: Geographic Breakdown of SG Group Commitments
GROUP - GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 30.06.2021 On-and off-balance sheet EAD* All customers included: EUR 1,053bn Africa and Middle East Latin America and Asia-Pacific Caribbean 4% 5% 1% Others Eastern Europe 0% (excl.EU) 2% Eastern Europe EU 7% France 46% North America 14% Wester
Slide 42: Change in Gross Book Outstandings
GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EUR bn Total 553.9 529.4 530.2 538.8 527.7 518.6 520.8 504.8 507.1 178.1 162.4 162.2 167.4 175.7 147.5 154.7 157.5 158.1 Global Banking and Investor Solutions 135.7 134.2 135.5 136.7 139.9 141.7 International Retail 139.8 138.2 135.9 Banking
Slide 43: Cost of Risk
GROUP COST OF RISK ( In EUR m ) Q3 21 Q3 2 0 9M 21 9M 20 Net Cost Of Risk (5) 130 124 821 French Retail B anking Gross loans Outstanding 217,332 217,156 217,549 208,604 Cost of Risk in bp ( 1) 24 8 52 Net Cost Of Risk 145 331 408 978 International Retail B anking Gross loans Outstanding 134,725 129,
Slide 44: Non-Performing Loans
GROUP NON-PERFORMING LOANS In EU R bn 30.09.2021 30.06.2021 30.09.2020 Performing loans 532.3 519.3 500.2 (1) inc. Stage 1 book outstandings 468.7 454.8 445.9 inc. Stage 2 book outstandings 42.5 42.0 32.6 Non-performing loans 16.9 16.7 17.7 inc. Stage 3 book outstandings 16.9 16.7 17.7 Total Gross b
Slide 45: Change in Trading VaR and Stressed VaR
GROUP CHANGE IN TRADING VAR* AND STRESSED VAR** _Quarterly Average of 1-Day, 99% Trading VaR* (in EUR m) 40 34 30 Trading VaR* 23 28 26 22 15 15 Credit Interest Rates 43 Equity 33 23 18 Forex 16 20 10 28 21 14 Commodities 19 19 10 11 7 11 Compensation Effect 13 19 13 15 19 20 20 20 17 12 10 3 2 3 3
Slide 46: Group Long Term Funding Breakdown
GROUP LONG TERM FUNDING BREAKDOWN(1) Access to diversified and _Breakdown as of complementary investor bases through: Senior Non-Preferred Issues 30.09.2021 Subordinated issuances 10% Senior vanilla issuances (public or private 17% Subordinated Debt(2) placements) Senior structured notes distributed
Slide 47: Strengthened Funding Structure
STRENGTHENED FUNDING STRUCTURE _Loan to Deposit Ratio 105% Robust balance sheet 600 92% 90% 89% 525 89% 537 89% 553 513 Stable loan to deposit ratio of 89% 500 463 504 463 469 479 490 80% High quality asset buffers 400 Loans (EUR bn) Comfortable LCR at 135% on average in Q3 21 55% Deposits (EUR bn)
Slide 48: Credit Rating Overview
CREDIT RATING OVERVIEW Good fundamentals S&P: “Diverse business model by geography and segment” _ Credit Rating as of October 2021 Moody’s: “Strong franchise and well-diversified universal banking business model” Fitch Moody’s S&P Fitch: “The bank's ratings remain supported by a diversified company
Slide 49: EPS Calculation
GROUP EPS CALCULATION Average number of shares (thousands) 9M 21 H1 21 2020 Existing shares 853,371 853,371 853,371 Deductions Shares allocated to cover stock option plans and 3,335 3,466 2,987 free shares awarded to staff Other own shares and treasury shares Num ber of shares used to calculate EPS*
Slide 50: Net Asset Value, Tangible Net Asset Value
GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period 9M 21 H1 21 2020 Shareholders' equity Group share 63,638 63,136 61,684 Deeply subordinated notes (7,820) (8,905) (8,830) Undated subordinated notes - (62) (264) Interest, net of tax, payable to holders of deeply subordinated notes & undat
Slide 51: ROE/ROTE Calculation Detail
GROUP ROE/ROTE CALCULATION DETAIL End of period Q3 21 Q3 20 9M 21 9M 20 Shareholders' equity Group share 63,638 60,593 63,638 60,593 Deeply subordinated notes (7,820) (7,873) (7,820) (7,873) Undatednet Interest subordinated notes of tax payable to holders of deeply subordinated notes & undated (274)
Slide 52: French Retail Banking: Net Banking Income
FRENCH RETAIL BANKING NET BANKING INCOME _Change _NBI, in EURm Q3 21 vs. Q3 20 1,836 1,845 1,847 1,906 1,976 +7.6% Commissions(2) +5.1% vs. 9M 20 Fees(2) 877 834 855 856 +5.2% 866 Other Income (2) 57 52 39 50 66 +8.9% Net interest margin(1)(2) +0.5% vs. 9M 20 Net Interest Margin(1)(2) 971 976 967 1,
Slide 53: French Retail Banking: Customer Deposits and Financial Savings
FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Change _Average outstandings, in EURbn Q3 21 vs. Q3 20 343 349 +7.3% 354 362 369 Life Insurance +5.0% 98 98 Financial Savings 94 96 Mutual Funds 93 EUR 109.4bn 11 11 +5.6% 12 +10.6% 10 12 143 148 Sight Deposits(1) 140 141 140 +5.7% Depos
Slide 54: French Retail Banking: Loans Outstanding
FRENCH RETAIL BANKING LOANS OUTSTANDING _Average outstandings, net of provisions in EURbn _Change Q3 21 vs. Q3 20 222 223 221 220 220 -1.0% +3.7% Housing 109 110 111 112 113 Consumer Credit 13 13 12 12 -2.8% and Overdraft 12 Business 100 99 97 96 94 -5.7% Customers* 0.2 0.2 0.2 0.2 0.2 Financial Ins
Slide 55: International Retail Banking and Financial Services: Quarterly Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS Financial Services to International Retail Banking Insurance Total Corporates In EUR m Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Net banking incom e 1,271 1,216 +4.0%* 246 223 +10.2%*
Slide 56: International Retail Banking and Financial Services: 9M Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES 9M 21 RESULTS International Retail Banking Insurance Financial Services to Corporates Total In EUR m 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C hange Net banking incom e 3,689 3,666 +2.6%* 720 663 +8.8%* 1,549 1,276 +
Slide 57: International Retail Banking: Breakdown by Region - Quarterly Results
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Africa, Asia, Mediterranean bassin Total International Retail Western Europe Czech Republic Romania Russia (1) and Overseas Banking In M EUR Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3
Slide 58: International Retail Banking: Breakdown by Region - 9M Results
INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION – 9M 21 RESULTS Africa, Asia, Mediterranean Western Europe Czech Republic Romania Russia (1) Total International Retail Banking bassin and Overseas In M EUR 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C
Slide 59: Breakdown of Loans and Deposits Outstanding
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EURbn) _Breakdown of Deposits Outstanding (in EURbn) _Change _Change Sept 21 vs. Sept 20 Sept 21 vs. Sept 20 Equipment Finance(1) 1.1 14.3 +3.1%* 90.1 17.8 +0.0%* 1.1 S
Slide 60: SG Russia
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES SG RUSSIA(1) _SG Russia Results In EUR m Q3 21 Q3 20 Change 9M 21 9M 20 Change Net banking incom e 186 196 -4.8%* 538 608 -1.4%* Operating expenses (121) (113) +7.5%* (349) (380) +2.0%* Gross operating incom e 65 83 -21.6%* 188 228 -7.2%* Net cost
Slide 61: Insurance Key Figures
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES _Life Insurance Outstandings _Personal Protection Insurance Premiums (in EURm) and Unit Linked Breakdown (in EURbn) Change Q3 21 /Q3 20 122.4 125.6 128.1 130.6 131.8 266 266 273 276 +5.2%* 259 Unit Linked 30% 32% 34% 35% 35% E
Slide 62: Global Banking and Investor Solutions: Quarterly Results
GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Asset and Wealth Total Global Banking and Investor Financing and Advisory Services Management Solutions I n EUR m Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Q3 2 1 Q3 2 0 C hange Net banking in
Slide 63: Global Banking and Investor Solutions: 9M Results
GLOBAL BANKING AND INVESTOR SOLUTIONS 9M 21 RESULTS Global Markets and Investor Total Global Banking and Investor Financing and Advisory Asset and Wealth Management Services Solutions I n EUR m 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C hange 9M 21 9M 20 C hange Net banking incom e 4,388
Slide 64: Global Banking and Investor Solutions: Risk-Weighted Assets
GLOBAL BANKING AND INVESTOR SOLUTIONS RISK-WEIGHTED ASSETS _Global Markets and Investor Services (in EURbn) 63.4 68.0 69.5 24.0 24.0 24.7 12.2 12.3 14.6 31.8 33.3 24.1 Q3 20 Q2 21 Q3 21 Operational _Financing and Advisory (in EURbn) Market _Asset and Wealth Management (in EURbn) Credit 52.1 57.4 58.
Slide 65: Global Banking and Investor Solutions: Revenues
GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURm) _Asset and Wealth Management Revenues (in EURm) 7 Securities 5 5 4 175 4 Others Services 64 160 64 47 57 155 53 145 625 Lyxor 153 380 470 Fixed Income and 569 414 Currencies Private 162 173 171 18
Slide 66: Global Banking and Investor Solutions: Key Figures
GLOBAL BANKING AND INVESTOR SOLUTIONS KEY FIGURES _Private Banking: Assets under Management (in EURbn) _Lyxor: Assets under Management (in EURbn) 114 116 121 126 127 165 169 140 154 133 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 _Securities Services: Assets under Custody (in EURbn)
Slide 67: Recognised Expertise: League Tables, Rankings, Awards
GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS LEAGUE TABLES AND RANKINGS GLOBAL BANKING & ADVISORY GLOBAL MARKETS GLOBAL CUSTODIAN MUTUAL FUND ADMINISTRATION SURVEY 2021 THE BANKER INVESTMENT GLOBAL FINANCE THE ASSET MAGAZINE SBI-SG Global Secur
Slide 68: Financing & Advisory: Supporting Clients in Their Transformations
FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY AIR LIQUIDE, TOTALENERGIES, EUR 1.5bn - Creation, structuring and fundraising towards industrial INNOVATION VINCI investors of Hy24, the world’s largest Hydrogen-dedicated Sole Financial Advisor infrastructure fund PRO
Slide 69: Methodology (1/2)
METHODOLOGY (1/2) 1 – The financial information presented for the third quarter ended 30 September 2021 was reviewed by the Board of Directors on 3 November 2021 and has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. These items have not been audi
Slide 70: Methodology (2/2)
METHODOLOGY (2/2) 7 – ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 and 44 of Societe Generale’s 2021 Universal Registration Document. This measure makes it possible to assess return
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