Natixis — Groupe BPCE — FY2019 Earnings Presentation
79 slides from Natixis's earnings presentation, Feb 6, 2020
Slide 1: Results for Q4 and full year 2019
Results for Q4 and full year 2019 February 6, 2020
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: Key messages
Key messages Strong Q4-19 Strong CET1, TLAC and MREL ratios, Revenues +7.9% and positive jaws effect for all activities well above requirements Income before tax +28.3% CET1 ratio at 15.6%(2), TLAC ratio at 23.3%(2) and MREL ratio at 29.2%(2) at end-December 2019 Increase in business activity In 201
Slide 4: Results of Groupe BPCE
Results of Groupe BPCE Strategic developments Capital and liquidity Results of the business lines Conclusion 4 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 5: Q4-19 net income - Group share +34.2% at €789m
Q4-19 net income - Group share +34.2% at €789m Robust 2019 net income - Group share at €3bn Reported figures Q4-19 Q4-18 % Change 2019 2018 % Change €m Net banking income 6,300 5,844 7.8% 24,305 24,001 1.3% Operating expenses (4,580) (4,621) (0.9)% (17,582) (17,687) (0.6)% o/w expenses excluding SRF
Slide 6: Decrease in exceptional items
Decrease in exceptional items €m Q4-19 Q4-18 2019 2018 Breakdown of transformation Revaluation of assets Net banking income Corporate and reorganization associated center 2 5 17 14 costs in 2019 with deeply subordinated notes denominated in foreign currencies 14% SWL provision reversal Net banking i
Slide 7: Strong increase in Q4-19 income before tax +28.3%
Strong increase in Q4-19 income before tax +28.3% 2019 income before tax +1.6% at €6.1bn Underlying figures Q4-19 Q4-18 % Change 2019 2018 % Change €m Net banking income 6,298 5,839 7.9% 24,287 23,919 1.5% Operating expenses (4,420) (4,338) 1.9% (17,142) (16,991) 0.9% o/w expenses excluding SRF (16,
Slide 8: Cost of risk remains at a low level, below the guidance
Cost of risk remains at a low level, below the guidance (20/30 bps) COST OF RISK(1) NPLs & COVERAGE RATIO In bps 28 Ratio of non-performing loans/gross loan outstandings 23 19 17 19 22 BP 15 network 3.2% 2.8% 2.7% January 1st, Dec. 31, Dec. 31, 16 15 CE 23 17 13 2018 2018 2019 16 12 network(2) Impai
Slide 9: Strategic developments
Results of Groupe BPCE Strategic developments Capital and liquidity Results of the business lines Conclusion 9 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 10: A streamlined Group on the move
A streamlined Group on the move FURTHER SIMPLIFICATION OF THE GROUP STRUCTURE Integration of Crédit Integration of FSE Foncier activities and businesses within Disposal of banking expertise BPCE SA interests in Africa April 2019 April 2019 October 2019 October 2019 October 2019 December 2019 Digital
Slide 11: Cost synergies well on track
Cost synergies well on track Good execution of the transformation and business Group cost synergies at December 31, 2019 efficiency plan ʘ Main items of savings: branch network optimization, adaptation of 19% Streamlining structure and IT 20% Crédit Foncier, IT rationalization, purchasing (banking a
Slide 12: Transformation dynamic: Groupe BPCE #1 in the D-Rating ranking
Transformation dynamic: Groupe BPCE(1) #1 in the D-Rating ranking Higher traffic on digital channels and greater customer satisfaction Customer experience optimization: enrichment of self-care functionalities 48.1% +10.6pp +1.1 YOY BP 4.4/5 +1.6 YOY CE Credit transfers via mobile of principal custom
Slide 13: Groupe BPCE committed to sustainability
Groupe BPCE committed to sustainability Creation of the innovative concept of Green Weighting Factor Innovating for green and responsible Delivering on our commitments to Being exemplary growth our customers and regions with our stakeholders ʘ Natixis, the 1st bank to create a Green Weighting ʘ 1.6
Slide 14: Capital and liquidity
Results of Groupe BPCE Strategic developments Capital and liquidity Results of the business lines Conclusion 14 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 15: Strong CET 1, TLAC and MREL ratios, well above requirements
Strong CET 1, TLAC and MREL ratios, well above requirements CHANGE IN THE CET1 RATIO (in bps) Organic capital creation ≈ +5bps +17bps +12bps 15.6%(2) Requirements Actual levels 15.5%(1) +5bps as of (11)bps Dec. 31, 2019(1,2) Targets (12)bps CET1 ratio 9.98%(3) 15.6% ≥15.5% (ECB) Total capital ratio
Slide 16: 2020 medium-/long-term wholesale funding plan
2020 medium-/long-term wholesale funding plan(1) amounting to €20bn/€21bn: 29% already completed YTD(2) MLT wholesale funding: execution of the 2019 plan Structure of MLT wholesale funding ʘ €19.4bn(1) raised in 2019 raised in 2019 Of which €5.4bn of senior non-preferred debt (o/w €1.4bn prefundin
Slide 17: Results of the business lines
Results of Groupe BPCE Strategic developments Capital and liquidity Results of the business lines Conclusion 17 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 18: Retail Banking & Insurance: strong client dynamic
Strong client dynamic Positive jaws effect and increase in income before tax Loan outstandings: €551bn, +8.2% YoY On-balance sheet deposits & savings(1): o/w residential mortgages +8.7% YoY €458bn, +8.3% YoY o/w consumer loans +16.5% YoY o/w sight deposits +12.9% YoY o/w equipment loans +6.6% YoY NE
Slide 19: Banque Populaire network: income before tax +20.0% in Q4
Income before tax(1)(2) +20.0% in Q4 and +7.8% in FY19 CUSTOMER BASE LOAN OUTSTANDINGS in €bn DEPOSITS & SAVINGS +8.5% +2.2% YoY +7.6% 288 266 +88,400 225 Off-balance sheet D&S 70 76 Centralized regulated 13 209 savings 11 +8.3% Principal customers On-balance sheet D&S, 184 200 using banking service
Slide 20: Caisse d'Epargne network: income before tax +20.2% in Q4
Income before tax(1)(2) +20.2% in Q4 and +2.6% in FY19 CUSTOMER BASE LOAN OUTSTANDINGS in €bn DEPOSITS & SAVINGS +5.5% 418 441 +0.9% YoY +7.6% 291 Off-balance sheet D&S 135 139 +58,900 270 Centralized regulated savings 55 55 +7.9% Principal customers On-balance sheet D&S, 247 using banking services
Slide 21: Financial Solutions & Expertise: strong activity with networks
Strong activity with the BP and CE retail banking networks across the board Business activities Breakdown of revenues per business line in 2019 ʘ Consumer credit: outstanding personal loans of nearly €25bn, up 8% year-on-year 9% ʘ Leasing: dynamic new production, up 13% vs. 2018 8% 24% Consumer cred
Slide 22: Insurance: sustained commercial activity; GOI +9% in 2019
Scope: Insurance division of Natixis Sustained commercial activity; GOI +9% in 2019 Life(1) and Personal protection insurance Premiums(1) In €bn Life insurance AuMs(1) ʘ Total AuMs at €68.4bn at end-December 2019 €1.4bn of net inflows in Q4-19 (€6.0bn in 2019) 68.4 +6% 12.0 12.7 60.1 ʘ Unit-linked A
Slide 23: Payments: positive jaws effect and double-digit growth
Scope: Payments division of Natixis Positive jaws effect and double-digit growth in Income before tax Net revenues: Underlying figures(1) Q4-19 % Change 2019 % Change +8.5% YoY in 2019, driven by all Payments activities €m ʘ Payment Processing & Services: steady +6% revenue growth in Natixis Payment
Slide 24: Integration of Oney Bank in Q4-19
Integration of Oney Bank in Q4-19 ID CARD 2019 business activity 400 > 6 MILLION 2,600 RETAIL AND CARD USERS EMPLOYEES 7.7 MILLION +1.6% E-COMMERCE IN EUROPE PARTNERS IN 10 CUSTOMERS vs. Dec. 31,2018 COUNTRIES Consumer loan +9.4% production vs. 2018 BELGIUM POLAND RUSSIA Contribution to the Group’s
Slide 25: Asset management: positive net flows on LT products
Positive net flows on LT products both in North America and Europe in Q4-19 Asset management(1): net inflows on LT products reached ~€3bn Asset Management: Assets under management(1) (in €bn) in Q4-19 with an improving trend throughout the quarter 921 26 934 ʘ European affiliates(2): ~€0.5bn net inf
Slide 26: Corporate & Investment Banking: resilient 2019, improved Q4 momentum
Resilient 2019 with broad-based strength Improved momentum in Q4-19 A diversified revenue mix Net revenues(2) (in €m) Net revenues: +16%(1) in Q4-19 Change 3,338 Change 2019/2018 Q/Q 3,140 Global markets: +40%(1) in Q4-19 with strong performance from the EMEA 395 +6% 901 372 region +14% 500 145 (2)%
Slide 27: Conclusion
Results of Groupe BPCE Strategic developments Capital and liquidity Results of the business lines Conclusion 27 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 28: Conclusion
Conclusion In 2019, Groupe BPCE proved its ability to transform itself and to innovate in favor of its customers and sustainable finance Successful execution of strategic projects Groupe BPCE(1) recognized as a digital transformer and #1 for its transformation dynamic in the D-rating ranking Reduced
Slide 29: Results for Q4 and full year 2019
29 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 30: Content
Content Consolidated results of Groupe BPCE Retail Banking & Insurance ʘ Note on methodology ʘ Income statement and quarterly series ʘ Income statement: reconciliation of alternative ʘ Banque Populaire and Caisse d’Epargne – quarterly series performance measures to reported data ʘ Deposits & Savings
Slide 31: Results for Q4 and full year 2019
31 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 32: Note on methodology (1/5)
Note on methodology (1/5) Presentation of the pro-forma quarterly results Exceptional items The segment information has been modified as of Q1-19 reflecting The exceptional items and the reconciliation of the restated income the strategic project: statement to the income statement reported by Groupe
Slide 33: Note on methodology (2/5)
Note on methodology (2/5) Net banking income Business line performance presented using Customer net interest income, excluding regulated home savings Basel 3 standards schemes, is computed on the basis of interest earned from transactions The accounting ROE of Groupe BPCE is the ratio between with c
Slide 34: Note on methodology (3/5)
Note on methodology (3/5) Capital adequacy This amount is comprised of the following 4 items: Common Equity Tier 1 is determined in accordance with the applicable ʘ Common Equity Tier 1 in accordance with the applicable CRR/CRD IV rules, after deduction, following the instructions of the CRR/CRD IV
Slide 35: Note on methodology (4/5)
Note on methodology (4/5) Liquidity Loan outstandings and Deposits & Savings Total liquidity reserves comprise the following: Restatements regarding transitions from book outstandings ʘ Central bank-eligible assets include: ECB-eligible securities not to outstandings under management are as follows:
Slide 36: Note on methodology (5/5)
Note on methodology (5/5) Digital indicators The number of users of BP/CE apps corresponds to the number of active customers who logged in to the app from a mobile device in December 2019 at least once during the month. The App/Play scores are the average of all scores awarded by users in the month
Slide 37: 2019 results: reconciliation of alternative performance measures
2019 results: reconciliation of alternative performance measures to reported data Net Operating Cost Share Gains Goodwill Income Net income banking expenses of risk in income or losses before tax attributable income of equity- on other to equity accounted assets holders of In millions of euros assoc
Slide 38: 2018 pf results: reconciliation of alternative performance measures
2018 pf results: reconciliation of alternative performance measures to reported data Net banking Operating Cost of risk Gains or Goodwill Income Net income income expenses losses before tax attributable on other to equity assets holders In millions of euros of the parent 2018 pf results 24,001 (17,6
Slide 39: Q4-19 results: reconciliation of alternative performance measures
Q4-19 results: reconciliation of alternative performance measures to reported data Net banking Operating Cost of risk Gains or Goodwill Income Net income income expenses losses before tax attributable on other to equity assets holders In millions of euros of the parent Q4-19 results 6,300 (4,580) (4
Slide 40: Q4-18 pf results: reconciliation of alternative performance measures
Q4-18 pf results: reconciliation of alternative performance measures to reported data Net banking Operating Gains or losses Goodwill Income Net income income expenses on other assets before tax attributable to equity holders In millions of euros of the parent Q4-18 pf results 5,844 (4,621) 20 (16) 9
Slide 41: Reconciliation of reported consolidated data to pro-forma data (1/5)
Reconciliation of reported consolidated data to pro-forma data (1/5) CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros Q1-18 CFF BPCE I Creation Q1-18 pf Q1-18 Creation Q1-18 pf Q1-18 Creation Q1-18 pf Q1-18 CFF BPCE
Slide 42: Reconciliation of reported consolidated data to pro-forma data (2/5)
Reconciliation of reported consolidated data to pro-forma data (2/5) CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros Q2-18 CFF BPCE I Creation Q2-18 pf Q2-18 Creation Q2-18 pf Q2-18 Creation Q2-18 pf Q2-18 CFF BPCE
Slide 43: Reconciliation of reported consolidated data to pro-forma data (3/5)
Reconciliation of reported consolidated data to pro-forma data (3/5) CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros Q3-18 CFF BPCE I Creation Q3-18 pf Q3-18 Creation Q3-18 pf Q3-18 Creation Q3-18 pf Q3-18 CFF BPCE
Slide 44: Reconciliation of reported consolidated data to pro-forma data (4/5)
Reconciliation of reported consolidated data to pro-forma data (4/5) CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros Q4-18 CFF BPCE I Creation Q4-18 pf Q4-18 Creation Q4-18 pf Q4-18 Creation Q4-18 pf Q4-18 CFF BPCE
Slide 45: Reconciliation of reported consolidated data to pro-forma data (5/5)
Reconciliation of reported consolidated data to pro-forma data (5/5) CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros 2018 CFF BPCE I Creation 2018 pf 2018 Creation 2018 pf 2018 Creation 2018 pf 2018 CFF BPCE I Crea
Slide 46: Exceptional items and IFRIC 21 effects per business line: 2019 vs. 2018 pf
Exceptional items and IFRIC 21 effects per business line: 2019 vs. 2018 pf 2019 RETAIL BANKING AWM CIB CORPORATE GROUPE BPCE In millions of euros & INSURANCE CENTER Impact of exceptional items (247) (9) (42) (294) (591) Total impact on Income before tax (247) (9) (42) (294) (591) BANQUE POPULAIRE CA
Slide 47: Exceptional items and IFRIC 21 effects per business line: Q4-19 vs. Q4-18 pf
Exceptional items and IFRIC 21 effects per business line: Q4-19 vs. Q4-18 pf Q4-19 RETAIL BANKING AWM CIB CORPORATE GROUPE BPCE In millions of euros & INSURANCE CENTER Impact of exceptional items (128) (2) (12) (31) (174) Impact of IFRIC 21 27 1 8 95 131 Total impact on Income before tax (101) (1) (
Slide 48: Groupe BPCE: annual income statement per business line
Groupe BPCE: annual income statement per business line CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros 2019 2018 pf 2019 2018 pf 2019 2018 pf 2019 2018 pf 2019 2018 pf % Net banking income 16,317 16,056 3,760 3,513
Slide 49: Groupe BPCE: quarterly income statement per business line
Groupe BPCE: quarterly income statement per business line CORPORATE RETAIL BANKING ASSET & WEALTH CORPORATE GROUPE & INVESTMENT & INSURANCE MANAGEMENT CENTER BPCE BANKING In millions of euros Q4-19 Q4-18 pf Q4-19 Q4-18 pf Q4-19 Q4-18 pf Q4-19 Q4-18 pf Q4-19 Q4-18 pf % Net banking income 4,176 4,024
Slide 50: Groupe BPCE: quarterly series
Groupe BPCE: quarterly series GROUPE BPCE In millions of euros Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19 Q3-19 Q4-19 2019 Net banking income 6,010 6,241 5,906 5,844 24,001 5,953 6,116 5,935 6,300 24,305 Operating expenses (4,606) (4,235) (4,225) (4,621) (17,687) (4,686) (4,180) (4,1
Slide 51: Consolidated balance sheet
Consolidated balance sheet ASSETS LIABILITIES Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2018 (in millions of euros) (in millions of euros) Cash and amounts due from central banks 80,244 76,458 Amounts due to central banks 9 Financial assets at fair value through profit or loss 218,767 200,5
Slide 52: Goodwill
Goodwill Acquisitions Dec. 31, 2018 Impairment Conversion Dec. 31, 2019 En millions of euros /Disposals Retail Banking & Insurance entities 1,239 180 (88) 1,330 Asset & Wealth Management entities 3,121 40 30 3,191 Corporate & Investment Banking entities 129 11 4 144 Total 4,489 231 (88) 34 4,665 Goo
Slide 53: Statement of changes in shareholders' equity
Statement of changes in shareholders' equity Equity attributable to equity In millions of euros holders of the parent December 31, 2018 66,194 Distributions (375) Capital increase (cooperative shares) 1,633 Redemption of super-subordinated notes (TSSDI) (747) Remuneration of super-subordinated notes
Slide 54: Financial structure: changes in regulatory capital and fully-loaded ratios
Financial structure : changes in regulatory capital and fully-loaded ratios Reconciliation of shareholders’ equity to total capital(1) Regulatory capital(1) (in €bn) 75.4 79.6 In billions of euros Dec.31, 2019 Dec.31, 2018(2) 13.6 14.5 Equity attribuable to equity holders of the parent 69.9 66.2 0.3
Slide 55: Financial structure: prudential ratios and credit ratings
Financial structure: prudential ratios and credit ratings Long-term SENIOR PREFERRED credit ratings Dec. 31, 2019(1)(2) Dec. 31, 2018(3) Dec. 31, 2017(3) (February 6, 2020) Total risk-weighed assets €422bn €392bn €386bn A+ outlook stable Common Equity Tier-1 capital €66.0bn €62.2bn €59.0bn Tier-1 ca
Slide 56: SREP
SREP CAPITAL REQUIREMENT / SREP 2019 (as a %) 18.9% Total surplus of 538 bps Tier 2 3.3 CET1 surplus 13.48% of 417 bps 2.00 Tier 2 0.01 Pillar 2 Requirement ("P2R") 1.49 Additional Tier 1 2019 Countercyclical buffer 1.75 0.23 2019 G-SIB buffer CET 1 15.6 1.00 2019 capital conservation buffer 11.47%
Slide 57: TLAC / MREL ratio
TLAC / MREL ratio TLAC(1,2) RATIO (as a % of risk-weighted assets) MREL(1,2) RATIO (as a % of risk-weighted assets) 29.2% 23.3% 5.9% 23.2% >21.5% 4.3% 4.3% Eligible Senior preferred debt 3.4% Senior non-preferred 3.4% Senior non-preferred Tier 2 Tier 2 Additional Tier 1 Additional Tier 1 CET1 CET1 1
Slide 58: Risk-weighed assets
Risk-weighed assets BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(1) (in €bn) 422 422 392 392 15% Other 9% 15% 10% 3% 15% 3% 15% 3% 3% Corporate & Operational Risk Investment Banking 88% Market Risk Asset & Wealth 87% 67% 67% Credit Risk Management Retail Banking & (2) Insurance De
Slide 59: Leverage ratio
Leverage ratio(1) 31/12/2019 31/12/2018 In billions of euros Tier-1 capital 66.0 62.3 Deduction of irrevocable payment commitments - (0.6) Tier 1 capital restated(3) 66.0 61.7 Balance sheet total 1,338.1 1,273.9 Prudential restatements (112.9) (104.9) Prudential balance sheet total(2) 1,225.2 1,169.
Slide 60: Financial conglomerate
Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) viewpoint Restatements Financial conglomerate viewpoint +1.0 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital (in €bn) Insurance CR(1) (Solvency 2) 79.6 79,566 80,612 80,612 80.6 RESTATEMENTS APPLIED - 1 2 3 +5.3 59.2 Sh
Slide 61: Liquidity reserves and short-term funding
Liquidity reserves and short-term funding TOTAL LIQUIDITY RESERVES OF GROUPE BPCE(1) SHORT-TERM FUNDING AND MLT DEBT MATURING (in €bn) IN THE SHORT TERM (in €bn) 174% 231 160% 214 155% 204 69 21 83 67 20 22 Cash placed with 66 central banks 127 LCR securities 101 107 58 62 Assets eligible for centra
Slide 62: Retail Banking & Insurance: 2019 income statement
Retail Banking & Insurance: 2019 income statement BANQUE CAISSE FINANCIAL OTHER RETAIL BANKING POPULAIRE D'EPARGNE SOLUTIONS INSURANCE PAYMENTS NETWORKS & INSURANCE NETWORK NETWORK & EXPERTISE 2019 2018 pf % 2019 2018 pf % 2019 2018 pf % 2019 2018 pf % 2019 2018 pf % 2019 2018 pf % 2019 2018 pf % In
Slide 63: Retail Banking & Insurance: quarterly income statement
Retail Banking & Insurance: quarterly income statement BANQUE CAISSE FINANCIAL OTHER RETAIL BANKING POPULAIRE D'EPARGNE SOLUTIONS INSURANCE PAYMENTS NETWORKS & INSURANCE NETWORK NETWORK & EXPERTISE Q4-19 Q4-18 pf % Q4-19 Q4-18 pf % Q4-19 Q4-18 pf % Q4-19 Q4-18 pf % Q4-19 Q4-18 pf % Q4-19 Q4-18 pf %
Slide 64: Retail Banking & Insurance: quarterly series
Retail Banking & Insurance: quarterly series RETAIL BANKING & INSURANCE Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19pf Q3-19 Q4-19 2019 In millions of euros Net banking income 3,977 4,080 3,975 4,024 16,056 4,070 4,099 3,972 4,176 16,317 Operating expenses (2,765) (2,667) (2,556) (2,81
Slide 65: Banque Populaire and Caisse d'Epargne networks quarterly series
Retail Banking & Insurance: Banque Populaire and Caisse d’Epargne networks quarterly series BANQUE POPULAIRE NETWORK Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 Q3-19 Q4-19 2019 In millions of euros Net banking income 1,586 1,641 1,559 1,590 6,377 1,618 1,626 1,568 1,622 6,434 Operating
Slide 66: Retail Banking & Insurance
Retail Banking & Insurance DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 700.4 746.4 +6.6% +8.2% 551.5 194.2 509.5 172.1 +12.9% Sight deposits 314.0 184.7 +4.4% Passbook savings accounts 288.9 176.9 +1.7% Regulated home savings plans 78.6 80.0 +16.5% Term accounts +8.7
Slide 67: BP and CE networks - changes in net banking income
Retail Banking & Insurance : BP and CE networks - changes in net banking income Banque populaire network (in €m) Caisse d’Epargne network (in €m) +0.9% -0.4% 7,080 7,048 6,377 6,434 3,177 3,159 2,632 2,622 17 35 177 197 3,886 3,854 3,568 3,615 2018 2019 2018 2019 67 RESULTS FOR Q4 AND FULL YEAR 2019
Slide 68: Retail Banking & Insurance: Banque Populaire network
Retail Banking & Insurance: Banque Populaire network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +8.5% +7.6% 288.3 225.0 265.7 209.0 98.0 88.7 +10.5% Sight deposits 130.3 119.7 +7.3% Passbook savings accounts 55.7 51.9 +2.5% Regulated home savings plans 21.4 Home loa
Slide 69: Retail Banking & Insurance: Caisse d'Epargne network
Retail Banking & Insurance: Caisse d’Epargne network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +5.5% +7.6% 441.4 418.4 88.6 76.2 291.0 270.3 +16.3% Sight deposits +3.1% Passbook savings accounts 124.2 128.1 +1.5% Regulated home savings plans 178.9 165.5 Home loans
Slide 70: Retail Banking & Insurance: FSE quarterly series
Retail Banking & Insurance: FSE quarterly series FINANCIAL SOLUTIONS & EXPERTISE Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19 Q3-19 Q4-19 2019 In millions of euros Net banking income 268 273 270 278 1,089 272 279 268 298 1,117 Operating expenses (153) (151) (150) (163) (618) (155) (152
Slide 71: Retail Banking & Insurance: Insurance quarterly series
Retail Banking & Insurance: Insurance quarterly series INSURANCE Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 Q3-19 Q4-19 2019 In millions of euros Net banking income 204 193 192 201 790 218 207 205 216 846 Operating expenses (118) (108) (103) (118) (448) (125) (116) (112) (125) (478) Gro
Slide 72: Retail Banking & Insurance: Payments quarterly series
Retail Banking & Insurance: Payments quarterly series PAYMENTS Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 Q3-19 Q4-19 2019 In millions of euros Net banking income 93 95 96 105 389 103 105 103 111 423 Operating expenses (79) (88) (84) (90) (341) (88) (94) (93) (96) (370) Gross operating
Slide 73: Retail Banking & Insurance: Other networks quarterly series
Retail Banking & Insurance: Other networks quarterly series OTHER NETWORKS Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19pf Q3-19 Q4-19 2019 In millions of euros Net banking income 82 81 84 85 332 81 81 84 203 450 Operating expenses (57) (63) (54) (75) (250) (58) (64) (60) (147) (329) Gr
Slide 74: Asset & Wealth Management: quarterly series
Asset & Wealth Management: quarterly series ASSET & WEALTH MANAGEMENT Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 Q3-19 Q4-19 2019 In millions of euros Net banking income 799 842 841 1,032 3,513 773 932 945 1,109 3,760 Operating expenses (548) (569) (584) (642) (2,343) (558) (605) (648)
Slide 75: Corporate & Investment Banking: quarterly series
Corporate & Investment Banking: quarterly series CORPORATE & INVESTMENT BANKING Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 Q2-19 Q3-19 Q4-19 2019 In millions of euros Net banking income 944 976 828 518 3,266 807 847 784 899 3,337 Operating expenses (566) (551) (525) (559) (2,202) (582) (523)
Slide 76: Corporate center: quarterly series
Corporate center: quarterly series CORPORATE CENTER Q1-18 pf Q2-18 pf Q3-18 pf Q4-18 pf 2018 pf Q1-19 pf Q2-19pf Q3-19 Q4-19 2019 In millions of euros Net banking income 290 344 263 269 1,166 302 239 234 116 891 Operating expenses (726) (449) (559) (605) (2,339) (852) (361) (365) (434) (2,012) Gross
Slide 77: Non-performing loans and impairments
Non-performing loans and impairments Dec.31, 2019 Dec. 31, 2018 Jan. 1, 2018 In billions of euros Gross outstanding loans to customers and credit institutions 795.8 763.1 730.1 O/w S3 outstandings 21.6 21.5 23.2 Non-performing/gross outstanding loans 2.7% 2.8% 3.2% S3 impairments recognized 9.9 9.7
Slide 78: Breakdown of gross exposure at December 31, 2019
Breakdown of gross exposure at December 31, 2019(1) BREAKDOWN PER COUNTERPARTY BREAKDOWN PER GEOGRAPHICAL REGION Financial institutions/local Central administrations/ Corporate governments Central banks and other customers sovereign exposures 5% 1% 3% 1% 5% 3% 29% 5% 8% 9% 13% 11% 7% 14% 4% 7% €1,18
Slide 79: groupebpce.com
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