Natixis — Groupe BPCE — Q3 2024 Earnings Presentation
71 slides from Natixis's earnings presentation, Nov 6, 2024
Slide 1: Groupe BPCE Q3 & 9M 2024 Results
NOVEMBER 6, 2024 GROUPE BPCE Q3 & 9M 2024 Results
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements and comments Preparation of the financial information requires Management to make relating to the objectives and strategy of Groupe BPCE. By their very nature, estimates and assumptions in certain areas regarding uncertain future ev
Slide 3: Rebound in financial performances in Q3-24 and 9M-24
REBOUND IN FINANCIAL PERFORMANCES IN Q3-24 AND 9M-24 DEVELOPMENTS PERFORMANCE RB&I Net revenues at €5.9bn, +8% in Q3-24 Cost of risk at 23bps in 9M-24, Strong commercial activities achieved by BP & CE YoY and at 17.3bn, +3% in 9M-24 YoY 24bps in Q3-24, -2bps vs. Q2-24 networks; 658,000 new clients(1
Slide 4: Dynamic implementation of Vision 2030 strategic plan
DYNAMIC IMPLEMENTATION OF VISION 2030 STRATEGIC PLAN Leadership positions in France, Europe and worldwide, underpinning a diversified growth France Europe World 658,000 new clients(1) YTD across all Société Générale Equipment Finance CIB: Revenues from the APAC and US segments in Banque Populaire an
Slide 5: Make positive impact accessible to all
MAKE POSITIVE IMPACT ACCESSIBLE TO ALL STRONG ENVIRONMENTAL ... AND CONCRETE ACTIONS FOR CLIENTS AND SOCIETY COMMITMENTS ... STRENGTHENING THE GROUP'S Enhanced partnership with the European Investment Bank (EIB) to support the COMMITMENT TO THE ENVIRONMENT BY innovation and energy transition project
Slide 6: Groupe BPCE: partner in the success of the Paris 2024 Games
GROUPE BPCE: PARTNER IN THE SUCCESS OF THE PARIS 2024 GAMES HELPING TO MAKE THE WORLD'S BIGGEST EVENT POSSIBLE 12.1 million tickets sold for a total of €1.2 billion, 2.9 million transactions, 0 incident: BPCE Payments successfully operated the first centralized ticketing platform for the Olympic & P
Slide 7: Summary
Summary 01 Groupe BPCE results 02 Capital and liquidity 03 Business line results 04 Conclusion
Slide 8: Groupe BPCE Results
01 GROUPE BPCE RESULTS
Slide 9: 9M-24 results: reported net banking income
9M-24 RESULTS: REPORTED NET BANKING INCOME RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m stable +1% +8% 11,252 11,333 +3% +7% +5% 5,892 8,914 8,922 5,450 +7% +10% 3,353 3,132 2,539 969 2,318 939 523 617 646 487 BP & CE networks FSE Insurance Digital & RB&I CIB AWM GFS Payments RB&
Slide 10: 9M-24 results: reported operating expenses
9M-24 RESULTS: REPORTED OPERATING EXPENSES OPERATING EXPENSES in €m FLAT 4 188 12,199 103 5 86 12,200 (16) (8) (362) 9M-23 BP & CE FSE Insurance Digital & Other AWM CIB Corporate 9M-24 networks Payments network center RB&I: • Slight increase in expenses in the 2 networks, +2% YoY • Expenses well und
Slide 11: Q3-24 & 9M-24 results: reported cost of risk/asset quality
Q3-24 & 9M-24 RESULTS: REPORTED COST OF RISK/ASSET QUALITY COST OF RISK TOTAL PROVISIONS(2) (in €bn) DECLINE IN Q3-24 COST OF Stage 3 RISK VS. Q2-24 Stage 1/Stage 2 14.3 14.6 In bps(1) 14.2 INCREASE IN 9M-24 26 23 22 VS. A LOW BASE OF 17 27 22 16 COMPARISON IN 9M-23 21 24 20 RB&I (5) (1) 1 (2) (4) 8
Slide 12: Q3-24 & 9M-24 results: reported Group P&L
Q3-24 & 9M-24 RESULTS: REPORTED GROUP P&L % % €m Q3-24 Q3-23 9M-24 9M-23 STRONG REBOUND IN REVENUES Change Change Net banking income 5,892 5,455 8% 17,271 16,736 3% Operating expenses (4,041) (3,812) 6% (12,200) (12,199) 0% Net revenues at €5.9bn in Q3-24, +8% YoY NBI at €17.3bn in 9M-24, up 3% YoY
Slide 13: Capital and liquidity
02 CAPITAL AND LIQUIDITY
Slide 14: Capital and loss-absorbing capacity
CAPITAL AND LOSS-ABSORBING CAPACITY HIGH LEVEL IN SOLVENCY Change in the CET 1 ratio (in bps) +42bps Actual level 16.2% Requirements as at September 30, September 30, +21bps +1bp 2024 (2)bps 15.7%(1) 2024(1) 15.6% (55)bps CET1 ratio 10.47%(2) 16.2% (ECB) Total capital 14.50%(2) 19.0% CET1 ratio at E
Slide 15: Liquidity: 91% of 2024 funding plan already completed
LIQUIDITY: 91% OF 2024 FUNDING PLAN ALREADY COMPLETED(1,3) 2024 MLT WHOLESALE FUNDING PLAN Structure of MLT wholesale funding raised in 2024(2) TARGETS 41% FUNDING (excl. ABS*) €25.7bn (91%) €28.3bn Unsecured bonds Covered bonds TLAC €7.8bn (92%) €8.5bn 41% (TIER 2 + SENIOR NON PREF) ABS TIER 2 €1.6
Slide 16: Business line results
03 BUSINESS LINE RESULTS
Slide 17: Retail Banking & Insurance: Banques Populaires
RETAIL BANKING & INSURANCE Banques Populaires LOAN OUTSTANDINGS in €bn PRODUCTION DYNAMIC BUSINESS ACTIVITY 9M-23 9M-24 WITH PROFESSIONAL CLIENTS -1% Residential mortgages STRONG INFLOWS IN DEPOSITS & SAVINGS €12bn €8bn (35)% Average rate 3.1% 3.8% +0.8pp 303 299 Equipment loans €15bn €14bn (3)% Ave
Slide 18: Retail Banking & Insurance: Caisses d'Epargne
RETAIL BANKING & INSURANCE Caisses d’Epargne LOAN OUTSTANDINGS in €bn PRODUCTION SOLID DYNAMIC IN CREDIT STRONG INFLOWS IN DEPOSITS & SAVINGS 9M-23 9M-24 +1% Residential mortgages €20bn €14bn (30)% Average rate 3.2% 3.9% +0.7pp 369 375 305,700 new individual clients(1) YTD Equipment loans (12)% €15b
Slide 19: Retail Banking & Insurance: Financial Solutions & Expertise
RETAIL BANKING & INSURANCE Financial Solutions & Expertise BREAKDOWN OF REVENUES PER BUSINESS LINE in 9M-24 €m(1) Q3-24 % 9M-24 % Change Change Consumer credit Net banking income 322 1% 969 3% 25% Leasing 23% Operating expenses (151) (2)% (467) 1% Factoring Gross operating income 171 4% 502 5% Cost
Slide 20: Retail Banking & Insurance: Insurance
RETAIL BANKING & INSURANCE Insurance(1) LIFE INSURANCE AuM(2) in €bn PREMIUMS(2) in €bn MORE THAN €100BN AUM IN LIFE INSURANCE 13.8 +16% +54% OF PREMIUMS IN Q3-24 100.9 +54% 3.7 11.9 4.9 2.6 +8% 1.4 +9% 92.0 2.4 +17% Net revenues up 7% vs. 9M-23 (+19% vs +66% Q3-23) Life insurance AuM(2): +10% vs. e
Slide 21: Retail Banking & Insurance: Digital & Payments
RETAIL BANKING & INSURANCE Digital & Payments % % €m(1) Q3-24 9M-24 DIGITAL & AI Change Change 11.6 million clients active on mobile apps at end-September 2024 (+1.8% vs. Dec 2023) Net banking income 218 4% 646 5% AI for all: 20,000 active users of internal AI generative tool at end-October 2024 Tra
Slide 22: Retail Banking & Insurance: Business Line P&L
RETAIL BANKING & INSURANCE Business Line P&L REBOUND IN FINANCIAL PERFORMANCES THANKS TO DYNAMIC % % COMMERCIAL ACTIVITY AND ACTIVE ASSET REPRICING €m(1) Q3-24 9M-24 Change Change Net banking income 3,869 4% 11,333 1% Residential mortgages: stable YoY to €399bn Equipment loans: +3% YoY to €196bn Con
Slide 23: Global Financial Services: Corporate & Investment Banking
GLOBAL FINANCIAL SERVICES Corporate & Investment Banking NET REVENUES(1) in €m REVENUES REACH €1.1BN IN Q3-24, UP 12% YOY 3,353 DRIVEN BY ALL BUSINESSES 3,132 1,102 1,133 1,118 133 458 1,002 1,034 353 42 155 25 131 173 43 110 181 1,304 GLOBAL MARKETS 1,132 462 374 406 436 Net revenues: €512m in Q3-2
Slide 24: Global Financial Services: Asset & Wealth Management
GLOBAL FINANCIAL SERVICES Asset & Wealth Management ASSETS UNDER MANAGEMENT(1) in €bn AuM(1): historical highest level of €1,279bn, up 10% YTD, with a record level in net inflows 77 1,279 AM flows(1): net inflows reached €24bn in Q3-24 and €41bn in 9M-24 14 (5) mainly on fixed income products driven
Slide 25: Global Financial Services: Business Line P&L
GLOBAL FINANCIAL SERVICES Business Line P&L Constant Constant % % €m(1) Q3-24 Fx % 9M-24 Fx % STRONG PERFORMANCES DELIVERED BY THE GLOBAL BUSINESSES, Change Change change change RESULTING IN A DOUBLE DIGIT GROWTH IN NET REVENUES IN Q3-24 Net banking income 1,976 12% 12% 5,892 8% 8% o/w CIB 1,118 12%
Slide 26: Conclusion
04 CONCLUSION
Slide 27: Conclusion
CONCLUSION STRONG PERFORMANCES IMPLEMENTATION OF VISION 2030 PLAN +8% revenues in Q3-24, +3% in 9M-24 Market shares conquest in France New clients in RB&I, equipment rates reached 34.6% in P&C RB&I 658,000 new clients(1) YTD Life insurance AuM >€100bn Expansion in Europe is ongoing With SGEF and Nag
Slide 28: Annexes
NOVEMBER 6TH, 2024 Q3 2024 Results ANNEXES
Slide 29: Content
CONTENT Consolidated results of Groupe BPCE Retail Banking & Insurance • Notes on methodology • Income statement and quarterly series • Reconciliation of reported data to pro forma data • Banque Populaire and Caisse d’Epargne – quarterly series • Income statement: reconciliation of reported data to
Slide 30: Notes on methodology (1/3)
NOTES ON METHODOLOGY (1/3) Net banking income Presentation of the pro -forma quarterly results • Customer net interest income, excluding regulated home savings schemes, is • The 2023 quarterly series are presented pro forma with changes computed on the basis of interest earned from transactions with
Slide 31: Notes on methodology (2/3)
NOTES ON METHODOLOGY (2/3) Total loss-absorbing capacity Loan outstandings and deposits & savings The amount of liabilities eligible for inclusion in the numerator used to • Restatements regarding transitions from book outstandings calculate the Total Loss-Absorbing Capacity (TLAC) ratio is determin
Slide 32: Notes on methodology (3/3)
NOTES ON METHODOLOGY (3/3) Liquidity B u s i n e s s l i n e i n d i c a t o r s – B P & C E n e t w o r ks Total liquidity reserves comprise the following: Average rate (%) for residential mortgages: the average client rate for residential mortgages corresponds to the weighted average of actuarial
Slide 33: Reconciliation of 2023 reported data to pro forma data
RECONCILIATION OF 2023 REPORTED DATA TO PRO FORMA DATA Retail banking and Insurance Q1-23 Q2-23 Q3-23 Q4-23 Net banking Operating Income Income Net Net banking Operating Income Income Net Net banking Operating Income Income Net Net banking Operating Income Income Net €m income expenses before tax ta
Slide 34: Q3-24 & Q3-23 results: reconciliation to alternative performance measures
Q3-24 & Q3-23 RESULTS: RECONCILIATION OF REPORTED DATA TO ALTERNATIVE PERFORMANCE MEASURES Net Gains or Operating Cost of Income Net income €m banking losses on expenses risk before tax - Group share income other assets Reported Q3-24 results 5,892 (4,041) (523) 3 1,336 925 Business lines/Corporate
Slide 35: 9M-24 & 9M-23 results: reconciliation to alternative performance measures
9M-24 & 9M-23 RESULTS: RECONCILIATION OF REPORTED DATA TO ALTERNATIVE PERFORMANCE MEASURES Net Gains or Operating Cost of Income Net income €m banking losses on expenses risk before tax - Group share income other assets Reported 9M-24 results 17,271 (12,200) (1,465) 63 3,694 2,607 Business lines/Cor
Slide 36: Q3-24 & Q3-23 results: underlying cost to income ratio
Q3-24 & Q3-23 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio Q3-24 reported figures 5,892 (4,041) Impact of exceptional items 1 (42) Q3-24 underlying figures 5,891 (3,998) 67.9% Net banking Operating Underlying €m income expenses cost i
Slide 37: 9M-24 & 9M-23 results: underlying cost to income ratio
9M-24 & 9M-23 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio 9M-24 reported figures 17,271 (12,200) Impact of exceptional items 2 (122) 9M-24 underlying figures 17,269 (12,078) 69.9% Net banking Operating Underlying €m income expenses c
Slide 38: Groupe BPCE: quarterly income statement per business line
GROUPE BPCE: QUARTERLY INCOME STATEMENT PER BUSINESS LINE RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE €m Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 % Net banking income 3,869 3,709 1,976 1,767 46 (21) 5,892 5,455 8% Operating expenses (2,403) (2,359) (1,415
Slide 39: Groupe BPCE: 9-month income statement per business line
GROUPE BPCE: 9-MONTH INCOME STATEMENT PER BUSINESS LINE RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE €m 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 % Net banking income 11,333 11,252 5,892 5,450 45 34 17,271 16,736 3% Operating expenses (7,405) (7,316) (4,150
Slide 40: Groupe BPCE: quarterly series
GROUPE BPCE: QUARTERLY SERIES GROUPE BPCE €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 5,815 5,467 5,455 5,462 5,753 5,626 5,892 Operating expenses (4,587) (3,799) (3,812) (4,129) (4,151) (4,008) (4,041) Gross operating income 1,228 1,667 1,642 1,332 1,602 1,618 1,851 Cost of risk
Slide 41: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES Sept. 30, 2024 Dec. 31, 2023 Sept. 30, 2024 Dec. 31, 2023 €m €m Cash and amounts due from central banks 136,033 152,669 Amounts due to central banks 40 2 Financial assets at fair value through profit or loss 226,319 214,582 Financial liabilities at fair
Slide 42: Statement of changes in shareholders' equity
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Equity attributable to €m shareholders’ equity December 31, 2023 84,407 Restatements1 (56) December 31, 2023 restated 84,351 Distributions (853) Change in capital (cooperative shares) (134) Impact of acquisitions and disposals on non-controlling interests
Slide 43: Financial structure: changes in regulatory capital and fully-loaded ratios
FINANCIAL STRUCTURE: CHANGES IN REGULATORY CAPITAL AND FULLY-LOADED RATIOS REGULATORY CAPITAL (in €bn) €m Sept. 30, 2024 Dec. 31, 2023 83.4 84.6 12.2 12.2 Equity attribuable to shareholders’ equity 85.7 84.4 Tier-2 capital Cancelation of hybrid securities in equity 29.3 29.5 - - Cooperative shares a
Slide 44: Financial structure: distance to MDA
FINANCIAL STRUCTURE: DISTANCE TO MDA Capital Capital Countercycli Pillar I Pillar II conservation G-SIB Countercyclical Pillar I Pillar II conservation G-SIB cal buffer Jan. 2, 2024 requirement requirement buffer buffer buffer (CCyB) Total Sept. 30, 2024 requirement requirement buffer buffer (CCyB)
Slide 45: Financial structure: prudential ratios and credit ratings
FINANCIAL STRUCTURE: PRUDENTIAL RATIOS AND CREDIT RATINGS Sept. 30, 2024(1) Long-term senior preferred credit ratings Sept. 30, 2024(1) Dec. 31, 2023 Proforma (November 6, 2024) Total risk-weighed assets €446bn €459bn €458bn A+ stable outlook Common Equity Tier-1 capital €72.4bn €71.9bn €71.2bn A1 T
Slide 46: 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) 35.1% 8.1% 27.0% 27.3% Eligible Senior Preferred debt 22.4% 7.3% Senior Non-Preferred 7.3% Senior Non-Preferred 3.5% 3.5% Tier 2 Tier 2 CET1 CET1 16.2% 16.2% 2024 TLAC Sept. 30, 2024 2
Slide 47: Risk-weighted assets
RISK-WEIGHTED ASSETS BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(1) (in €bn) 458 446 458 446 Other 9% 10% Operational Risk 8% 8% 3% 3% 19% 21% Global Financial Services Market Risk Retail Banking & 88% Credit Risk 87% Insurance 72% 71% Dec. 31, 2023 Sept. 30, 2024 Dec. 31, 2023 S
Slide 48: Leverage ratio
LEVERAGE RATIO €bn Sept. 30, 2024(1) Dec. 31, 2023 Tier-1 capital 72.4 71.2 Balance sheet total(2) 1,566.5 1,539.3 Prudential restatements (119.9) (105.6) Prudential balance sheet total(2) 1,446.7 1,433.7 (3) Adjustments related to exposure to derivates (9.5) (18.1) Adjustments related to security f
Slide 49: Financial conglomerate
FINANCIAL CONGLOMERATE Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +4.8 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 89.4 Insurance CR(1) (Solvency 2) (in €bn) 84.6 RESTATEMENTS APPLIED - 1 2 3 +4.7 72.9 Shift from a Cancellati
Slide 50: 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 (in €bn) THE SHORT TERM (in €bn) Coverage ratio of short-term funding + MLT debt (2) maturing in the short-term by liquidity reserves 324 329 328 190 % 195 % 302 186 % 289
Slide 51: Retail Banking & Insurance: quarterly income statement
RETAIL BANKING & INSURANCE: QUARTERLY INCOME STATEMENT FINANCIAL BANQUE POPULAIRE CAISSE D'EPARGNE RETAIL BANKING & SOLUTIONS & INSURANCE DIGITAL & PAYMENTS OTHER NETWORK NETWORK NETWORK INSURANCE EXPERTISE €m Q3-24 Q3-23 % Q3-24 Q3-23 % Q3-24 Q3-23 % Q3-24 Q3-23 % Q3-24 Q3-23 % Q3-24 Q3-23 % Q3-24
Slide 52: Retail Banking & Insurance: 9-month income statement
RETAIL BANKING & INSURANCE: 9-MONTH INCOME STATEMENT FINANCIAL BANQUE POPULAIRE CAISSE D'EPARGNE RETAIL BANKING & SOLUTIONS & INSURANCE DIGITAL & PAYMENTS OTHER NETWORK NETWORK NETWORK INSURANCE EXPERTISE €m 9M-24 9M-23 % 9M-24 9M-23 % 9M-24 9M-23 % 9M-24 9M-23 % 9M-24 9M-23 % 9M-24 9M-23 % 9M-24 9M
Slide 53: Retail Banking & Insurance: quarterly series
RETAIL BANKING & INSURANCE: QUARTERLY SERIES RETAIL BANKING & INSURANCE €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 3,903 3,640 3,709 3,576 3,763 3,701 3,869 Operating expenses (2,497) (2,460) (2,359) (2,499) (2,547) (2,456) (2,403) Gross operating income 1,406 1,180 1,350 1,077
Slide 54: Banque Populaire and Caisse d'Epargne networks quarterly series
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE AND CAISSE D’EPARGNE NETWORKS QUARTERLY SERIES BANQUE POPULAIRE NETWORK €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 1,569 1,442 1,469 1,382 1,489 1,489 1,506 Operating expenses (1,018) (1,015) (961) (975) (1,043) (1,025) (999) Gross op
Slide 55: Retail Banking & Insurance: deposits & savings and loan outstandings
RETAIL BANKING & INSURANCE DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 934 3% 1% 908 716 719 235 (6)% Sight deposits 249 2% Passbook savings accounts (8)% Regulated home savings plans 401 399 237 233 20% Term accounts 0% Residential mortages 70 72% BPCE bonds placed
Slide 56: Retail Banking & Insurance: Banque Populaire network
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 3% (1)% 387 377 (5)% Sight deposits 303 299 120 126 1% Passbook savings accounts 91 93 (7)% Regulated home savings plans 14 15 2% Equipment loans 76 76 16% Term accounts
Slide 57: 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 3% 1% 529 513 375 369 20 21 107 (6)% Sight deposits 113 2% Passbook savings accounts 93 96 (8)% Regulated home savings plans 159 23 22 156 23% Term accounts 4% Personal l
Slide 58: Retail Banking & Insurance: FSE quarterly series
RETAIL BANKING & INSURANCE: FSE QUARTERLY SERIES FINANCIAL SOLUTIONS & EXPERTISE €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 315 306 318 335 327 320 322 Operating expenses (157) (151) (154) (167) (162) (154) (151) Gross operating income 158 155 164 168 166 166 171 Cost of risk (6
Slide 59: Retail Banking & Insurance: Insurance quarterly series
RETAIL BANKING & INSURANCE: INSURANCE QUARTERLY SERIES INSURANCE €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 180 126 181 146 188 118 217 Operating expenses (43) (37) (42) (41) (42) (25) (40) Gross operating income 137 89 139 105 146 93 177 Income before tax 139 93 137 107 149 99
Slide 60: Retail Banking & Insurance: Digital & Payments quarterly series
RETAIL BANKING & INSURANCE: DIGITAL & PAYMENTS QUARTERLY SERIES DIGITAL & PAYMENTS €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 205 203 209 199 215 214 218 Operating expenses (161) (163) (157) (171) (160) (159) (154) Gross operating income 44 40 52 27 55 55 64 Cost of risk (32) (4
Slide 61: Retail Banking & Insurance: Other Network quarterly series
RETAIL BANKING & INSURANCE: OTHER NETWORK QUARTERLY SERIES OTHER NETWORK €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 97 97 99 91 91 93 90 Operating expenses (51) (52) (52) (63) (55) (55) (51) Gross operating income 46 45 47 28 37 38 39 Cost of risk (2) 2 (14) (19) (16) (17) (14)
Slide 62: Global Financial Services: quarterly income statement per business line
GLOBAL FINANCIAL SERVICES: QUARTERLY INCOME STATEMENT PER BUSINESS LINE CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 % Net banking income 858 764 1,118 1,002 1,976 1,767 12% Operating expenses (664) (633) (751) (650) (1,4
Slide 63: Global Financial Services: 9-month income statement per business line
GLOBAL FINANCIAL SERVICES: 9-MONTH INCOME STATEMENT PER BUSINESS LINE CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 % Net banking income 2,539 2,318 3,353 3,132 5,892 5,450 8% Operating expenses (2,000) (1,913) (2,151) (1,
Slide 64: Global Financial Services: quarterly series
GLOBAL FINANCIAL SERVICES: QUARTERLY SERIES GLOBAL FINANCIAL SERVICES €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 1,854 1,829 1,767 1,908 1,933 1,983 1,976 Operating expenses (1,305) (1,287) (1,283) (1,394) (1,368) (1,366) (1,415) Gross operating income 549 542 483 514 564 617 56
Slide 65: Corporate & Investment Banking: quarterly series
CORPORATE & INVESTMENT BANKING: QUARTERLY SERIES CORPORATE & INVESTMENT BANKING €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 1,074 1,056 1,002 1,034 1,102 1,133 1,118 Operating expenses (661) (651) (650) (703) (706) (694) (751) Gross operating income 412 405 352 331 396 439 367 Co
Slide 66: Asset & Wealth Management: quarterly series
ASSET & WEALTH MANAGEMENT: QUARTERLY SERIES ASSET & WEALTH MANAGEMENT €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 781 773 764 874 830 850 858 Operating expenses (644) (636) (633) (691) (662) (673) (664) Gross operating income 137 137 131 183 168 178 194 Cost of risk 6 (1) 11 (12)
Slide 67: Corporate Center: quarterly series
CORPORATE CENTER: QUARTERLY SERIES CORPORATE CENTER €m Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net banking income 57 (3) (21) (22) 57 (58) 46 Operating expenses (785) (52) (170) (237) (236) (186) (223) Gross operating income (728) (55) (191) (259) (179) (244) (176) Cost of risk (46) 1 0 (28) (28)
Slide 68: Performing & non-performing loans and impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn Sept. 30, 2024 Dec. 31, 2023 Gross outstanding loans to customers and credit institutions 974.9 963.7 O/w S1 outstandings 810.9 809.8 O/w S2 outstandings 139.3 131.1 O/w S3 outstandings 24.7 22.8 Non-performing loans/gross outstanding loans 2.5% 2
Slide 69: Cost of risk by business line
COST OF RISK BY BUSINESS LINE S3 COST OF RISK(1) (in bps) S1/S2 36 30 26 16 29 16 28 23 24 7 24 BP network 2 2 (6) (8) 23 19 17 12 11 16 22 21 18 20 CE network (4) 1 (2) (1) (9) 35 17 30 z 16 26 23 21 23 27 22 RB&I 5 (1) 1 (5) (7) 52 37 32 17 21 61 22 34 21 22 16 1 CIB (4) (2) (9) 35 26 24 15 28 18
Slide 70: Breakdown of gross exposures at September 30, 2024
BREAKDOWN OF GROSS EXPOSURES AT SEPTEMBER 30, 2024(1) Diversified portfolio Breakdown per geographical region Breakdown of Group gross Financial institutions/ Central administrations/ Corporate customers exposure per counterparty Local governments Central banks and other sovereign exposures 6% 2% 5%
Slide 71: groupeBPCE.com
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