Natixis — Groupe BPCE — H1 2022 Earnings Presentation
75 slides from Natixis's earnings presentation, Aug 4, 2022
Slide 1: Results for the 2nd quarter and 1st half of 2022
Results for the 2nd quarter and 1st half of 2022 August 04, 2022
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: Strong H1-22 performances
Strong H1-22 performances Positive jaws effect: cost to income ratio(1) (1.5)pp at 64.6% Net income(2) +13.9% at €2.1bn RB&I: revenues +6.0% in H1-22, thanks to ongoing development of customer base in retail banking networks and successful cross-selling strategy in all other retail businesses Commer
Slide 4: Groupe BPCE results, Capital and liquidity, Business line results, Conclusion
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 4 RESULTS FOR THE 2ND QUARTER AND 1ST HALF OF 2022
Slide 5: Q2-22 & H1-22 results
Q2-22 & H1-22 results Positive jaws effect both in Q2 and H1 H1-22 net income at €2.1bn €m Q2-22 Q2-21 % Change H1-22 H1-21 % Change Net banking income 6,569 6,337 3.6% 13,144 12,455 5.5% Operating expenses (4,250) (4,151) 2.4% (9,211) (8,806) 4.6% o/w operating expenses excluding SRF (8,615) (8,384
Slide 6: Q2-22 & H1-22 results – Cost of risk/Asset quality
Q2-22 & H1-22 results – Cost of risk/Asset quality Cost of risk at €881m in H1-22, +7.3% YoY Prudent provisioning policy with €0.8bn additional S1/S2 provisions over one year COST OF RISK(1) S1/S2 S3 (in bps) 34 25 18 21 16 21 23 21 22 TOTAL PROVISIONS (in €bn) 20 12 14 13 19 17 18 19 RB&I 4 8 10 9
Slide 7: Digital & Data
Digital & Data Digital Inside and strategic alliances: two acceleration drivers for the Group and its customers Q2-22 key figures DIGITAL INSIDE, A STRATEGY FOR THE DIGITIZATION OF THE BANQUES POPULAIRES AND CAISSES D’EPARGNE Performance and ethical values at the service of customer practices 12.5 m
Slide 8: Climate change / ESG: a long-term commitment and clear strategic priorities
Climate change / ESG: a long-term commitment and clear strategic priorities Climate change issues forming an integral part of our business line activities Creation of the Groupe BPCE Sustainable Finance center in June 2022, a platform of expertise serving the Group's companies A source of propositio
Slide 9: Climate change / ESG: supporting our customers in their environmental transition
Climate change / ESG: a long-term commitment and clear strategic priorities Supporting our customers in their environmental transition is central to our actions Groupe BPCE's expertise in the financing of renewable energies ʘ Arrangement and financing of innovative territorial wind projects: Provenc
Slide 10: Groupe BPCE results, Capital and liquidity, Business line results, Conclusion
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 10 RESULTS FOR THE 2ND QUARTER AND 1ST HALF OF 2022
Slide 11: 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) Actual levels Requirements as at +31bps June 30, 2022(1) June 30, 2022 15.2% +2bps CET1 ratio 9.52%(2) 14.9% (36)bps (4)bps 14.9%(1) (ECB) (14)bps (7)bps Total capital
Slide 12: Liquidity
Liquidity 83% of 2022 funding plan already raised(2), including 97% of TLAC funding needs 2022 MLT wholesale funding plan Structure of MLT wholesale funding(3) ʘ Target: €24bn(1) / Raised(1,2): €19.9bn or 83% raised in 2022(2) • TLAC funding Unsecured bond Target: €6.3bn (€2.5bn Tier 2 / €3.8bn SNP)
Slide 13: Liquidity: MLT funding / 2022 Awards
Liquidity MLT funding / 2022 Awards BPCE BPCE SFH 6 June 2022: 7th Climate Bonds Awards 1 April 2022: Capital Eye Awards 2021 Largest Financial Corporate Green Bond Best deals of 2021 in cross-border JPY market in 2021 29 June 2022: Awards for Excellence 2022 Best Euro Issuer 2 June 2022: Dealwatch
Slide 14: Groupe BPCE results, Capital and liquidity, Business line results, Conclusion
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 14 RESULTS FOR THE 2ND QUARTER AND 1ST HALF OF 2022
Slide 15: Retail Banking & Insurance
Retail Banking & Insurance Strong increase in H1-22 revenues leading to income before tax +9.2% Loan outstandings: €678bn, +8.1% YoY On-balance sheet deposits & savings(1): o/w residential mortgages +8.6% YoY €565bn, +4.0% YoY o/w consumer loans +5.8% YoY o/w sight deposits +4.2% YoY o/w equipment l
Slide 16: Retail Banking & Insurance – Banques Populaires
Retail Banking & Insurance – Banques Populaires Strong increase in GOI: +13.1% in H1-22 LOAN OUTSTANDINGS - in €bn - DEPOSITS & SAVINGS PRODUCTION +8.0% +5.3% 289 359 209 P&C – Individual customers 341 190 (9)% 267 87 In thousands of contracts Off-balance sheet D&S 82 3.1 +18% Consumer loans 17 2.6
Slide 17: Retail Banking & Insurance – Caisses d'Epargne
Retail Banking & Insurance – Caisses d’Epargne Gross operating income: +5.7% in H1-22 LOAN OUTSTANDINGS - in €bn - DEPOSITS & SAVINGS PRODUCTION 489 +2.5% 501 +7.4% 338 326 P&C – Individual customers 349 139 (4)% In thousands of contracts 325 140 Off-balance sheet D&S 4.9 4.8 65 +2% Consumer loans C
Slide 18: Retail Banking & Insurance – Financial Solutions & Expertise
Retail Banking & Insurance – Financial Solutions & Expertise Sharp growth in profitability: sustained growth in net banking income, good control of expenses and risks Business activities Underlying figures(1) Q2-22 % change H1-22 % change €m ʘ Consumer credit: strong activity in H1-22 with personal
Slide 19: Retail Banking & Insurance – Insurance
Retail Banking & Insurance – Insurance Increase in GOI : +2.7% in H1-22 Premiums(1) In €bn Life insurance AuM(1) Share of UL products – H1-22 7.9 7.9 YoY share of UL (1)pp +1pp +6% 2.0 €82.0bn €6.0bn 1.5 €22.7bn 28% €2.4bn 39% UL 3.7 3.5 (5)% (2.7) (1)% +6% 81.3 82.0 € €59.4bn €3.6bn (6)% Q2-21 Q2-2
Slide 20: Retail Banking & Insurance – Payments & Oney
Retail Banking & Insurance – Payments & Oney Sustained business development PAYMENTS Underlying figures(2) Q2-22 % Change H1-22 % Change A 6-month period boasting strong growth and accelerated business €m transformation: ʘ Payment & Processing Solutions: increase in card transactions +22% YoY Net ba
Slide 21: Global Financial Services
Global Financial Services Growing revenues despite strong challenging market effects Net revenues: +2.3% vs. H1-21 Constant Constant Underlying figures(1) % % Revenue growth allowed by the diversification of our business Q2-22 FX % H1-22 FX % €m Change Change model and the strong commercial activity
Slide 22: Global Financial Services – Asset Management
Global Financial Services – Asset Management AuM at €1,107bn as of end-June 2022 Assets under management(1) (in €bn) Q2-22 AM fee rate (in bps, excluding performance fees) Other affiliates Private assets ≈40 ≈38 1,188 2.7 ≈34 (4.4) 92 (117) 1,107 ≈25 38 95 1,096 1,012 ≈3 AuM at Net inflows on Net in
Slide 23: Global Financial Services – Asset & Wealth Management
Global Financial Services – Asset & Wealth Management Resilient revenues in a bear market AWM net revenues(1): €1.6bn in H1-22 stable yoy due to: Constant Constant Underlying figures(1) % % Q2-22 FX % H1-22 FX % ʘ Higher asset-based fees for AM (+6% yoy as of €m Change Change change change 30/06/202
Slide 24: Global Financial Services – Corporate & Investment Banking
Global Financial Services – Corporate & Investment Banking Increased diversification and strong performance in Global Markets Net revenues +4.6% in Q2-22 and +4.0% in H1-22 Net revenues(1) (in €m) 986 1,963 960 977 1,844 Global markets: strong increase in revenues (+20% vs. Q2-21) thanks to 917 200
Slide 25: Groupe BPCE results, Capital and liquidity, Business line results, Conclusion
1 Groupe BPCE results 2 Capital and liquidity 3 Business line results 4 Conclusion 25 RESULTS FOR THE 2ND QUARTER AND 1ST HALF OF 2022
Slide 26: Conclusion
Conclusion Strength of Groupe Good asset quality Strong capital Solid liquidity BPCE’s diversified and prudent position position business model provisioning policy Revenues Well above LCR €13.1bn, +5.5% requirements 139%(4) NPL ratio: 2.3% Cost/income ratio(1) CET1 ratio Liquidity reserve (1.5)pp at
Slide 27: Annexes
Annexes 27 RESULTS FOR THE 2ND QUARTER AND 1ST HALF OF 2022
Slide 28: Annexes Content
Annexes Content Consolidated results of Groupe BPCE Retail Banking & Insurance ʘ Notes on methodology ʘ Income statement and quarterly series ʘ Reconciliation of reported data to restated data ʘ Banque Populaire and Caisse d’Epargne – quarterly series ʘ Reconciliation of reported data to pro forma d
Slide 29: Notes on methodology (1/4)
Annexes Notes on methodology (1/4) Presentation of the pro-forma quarterly results Simplification of the Group's organizational structure Creation of the Payments & Oney sub-segment Plans to simplify the Group's organizational structure were The Payments and Oney business lines have been brought tog
Slide 30: Notes on methodology (2/4)
Annexes Notes on methodology (2/4) Net banking income Cost of risk Customer net interest income, excluding regulated home savings The cost of risk is expressed in basis points and measures the level of schemes, is computed on the basis of interest earned from risk per business line as a percentage o
Slide 31: Notes on methodology (3/4)
Annexes Notes on methodology (3/4) 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 ʘ Central bank-eligible assets include: ECB-e
Slide 32: Notes on methodology (4/4)
Annexes Notes on methodology (4/4) Digital indicators The number of active customers using mobile apps or visiting The number of documents verified via data corresponds to the number websites corresponds to the number of customers who have made at of documents transmitted by customers on their onlin
Slide 33: Reconciliation of reported data to restated data: H1-21
Annexes Reconciliation of reported data to restated data: H1-21 GROUPE BPCE In millions of euros H1-21 Coface H1-21 Reported Restated Net banking income 12,455 12,455 Operating expenses (8,806) (8,806) Gross operating income 3,649 3,649 Cost of risk (822) (822) Share in net income of associates 156
Slide 34: Reconciliation of data to pro forma data
Annexes Reconciliation of data to pro forma data Retail banking and Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Insurance Net Net Net Net Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net In millions of euros banking banking banking banking banking expens
Slide 35: Reconciliation of data to pro forma data
Annexes Reconciliation of data to pro forma data Corporate Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 center Net Net Net Net Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net Operating Income Net In millions of euros banking banking banking banking banking expenses before ta
Slide 36: Q2-22 & Q2-21 results: reconciliation to alternative performance measures
Annexes Q2-22 & Q2-21 results: reconciliation of reported or restated data to alternative performance measures Net banking Operating Gains or Income Net income income expenses losses on before tax - Group share other assets In millions of euros Reported Q2-22 results 6,569 (4,250) 10 1,886 1,329 Bus
Slide 37: H1-22 & H1-21 results: reconciliation to alternative performance measures
Annexes H1-22 & H1-21 results: reconciliation of reported or restated data to alternative performance measures Net banking Operating Gains or Income Net income income expenses losses on before tax - Group share other assets In millions of euros Reported H1-22 results 13,144 (9,211) 48 3,131 2,114 Bu
Slide 38: Impact of exceptional items per business line
Annexes Impact of exceptional items per business line GLOBAL RETAIL BANKING CORPORATE GROUPE FINANCIAL & INSURANCE CENTER BPCE SERVICES In millions of euros Q2-22 Q2-21pf Q2-22 Q2-21pf Q2-22 Q2-21pf Q2-22 Q2-21 Impact of exceptional items (27) (18) (6) (9) (9) (61) (43) (88) on Income before tax BAN
Slide 39: Impact of exceptional items per business line
Annexes Impact of exceptional items per business line GLOBAL RETAIL BANKING CORPORATE GROUPE FINANCIAL & INSURANCE CENTER BPCE SERVICES In millions of euros H1-22 H1-21pf H1-22 H1-21pf H1-22 H1-21pf H1-22 H1-21 Impact of exceptional items (55) (33) 4 (43) (28) (99) (79) (175) on Income before tax BA
Slide 40: Groupe BPCE: underlying cost to income ratio
Annexes Groupe BPCE: underlying cost to income ratio Net banking Operating Cost income ratio In millions of euros income expenses Q2-22 reported figures 6,569 (4,250) Impact of exceptional items 5 (55) Q2-22 underlying figures 6,563 (4,195) 63.9% Net banking Operating Cost income ratio In millions o
Slide 41: Groupe BPCE: underlying cost to income ratio excluding SRF
Annexes Groupe BPCE: underlying cost to income ratio excluding SRF Net banking Operating Cost income ratio In millions of euros income expenses H1-22 reported figures 13,144 (9,211) Impact of exceptional items 8 (128) SRF (596) H1-22 underlying figures excluding SRF 13,136 (8,487) 64.6% Net banking
Slide 42: Groupe BPCE: quarterly income statement per business line
Annexes Groupe BPCE: quarterly income statement per business line RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE In millions of euros Q2-22 Q2-21pf Q2-22 Q2-21pf Q2-22 Q2-21pf Q2-22 Q2-21pf % Net banking income 4,630 4,425 1,769 1,759 170 153 6,569 6,337 3.6% Opera
Slide 43: Groupe BPCE: half-yearly income statement per business line
Annexes Groupe BPCE: half-yearly income statement per business line RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE In millions of euros H1-22 H1-21pf H1-22 H1-21pf H1-22 H1-21pf H1-22 H1-21pf % Net banking income 9,257 8,729 3,550 3,452 337 273 13,144 12,455 5.5% O
Slide 44: Groupe BPCE: quarterly series
Annexes Groupe BPCE: quarterly series GROUPE BPCE In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Net banking income 6,117 6,337 6,295 6,967 6,575 6,569 Operating expenses (4,655) (4,151) (4,119) (4,916) (4,961) (4,250) Gross operating income 1,462 2,187 2,176 2,051 1,614 2,319 Co
Slide 45: Consolidated balance sheet
Annexes Consolidated balance sheet ASSETS LIABILITIES June 30, 2022 Dec. 31, 2021 June 30, 2022 Dec. 31, 2021 (in millions of euros) (in millions of euros) Cash and amounts due from central banks 125,390 186,317 Amounts due to central banks 11 6 Financial assets at fair value through profit or loss
Slide 46: 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, 2021 78,884 Distributions (402) Capital increase (cooperative shares) 23 Buyback of TSSDIs (82) Impact of acquisitions and disposals on non-controlling interests
Slide 47: Financial structure: 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) 82.7 82.3 In billions of euros June 30, 2022 Dec. 31, 2021 12.9 13.7 Tier-2 capital Equity attribuable to equity holders of the paren
Slide 48: 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 2022 requirement requirement buffer buffer buffer Total 06/30/2022 requirement requirement buffer buffer buffer Total SREP CE
Slide 49: Financial structure: prudential ratios and credit ratings
Annexes Financial structure: prudential ratios and credit ratings Long-term SENIOR PREFERRED credit ratings June 30, 2022(1) Dec. 31, 2021 Dec. 31, 2020 (August 4, 2022) Total risk-weighed assets €459bn €441bn €431bn A+ negative outlook Common Equity Tier-1 capital €68.6bn €69.8bn €69.0bn Tier-1 cap
Slide 50: 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) 30.5% 6.3% Eligible Senior Preferred debt 25.0% 24.2% 21.5% 4.9% Senior Non-Preferred 4.9% Senior Non-Preferred 4.4% 4.4% Tier 2 Tier 2 CET1 CET1 14.9% 14.9% 2022 TLAC June 30,
Slide 51: Risk-Weighted Assets
Annexes Risk-Weighted Assets BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(1) (in €bn) 441 459 459 441 9% Other 9% 9% 10% 3% 3% Operational Risk 20% 21% Global Financial Services Market Risk Retail Banking & 88% 88% 70% 70% Insurance Credit Risk Dec. 31, 2021 June 30, 2022 Dec. 31,
Slide 52: Leverage ratio
Annexes Leverage ratio In billions of euros June 30, 2022(1) Dec. 31, 2021 Tier-1 capital 68.6 69.8 Balance sheet total(2) 1,483.9 1,516.0 Prudential restatements (126.5) (130.5) Prudential balance sheet total(2) 1,357.4 1,385.5 Adjustments related to exposure to derivates (3) (19.8) (17.4) Adjustme
Slide 53: Financial conglomerate
Annexes Financial conglomerate Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) viewpoint Restatements viewpoint +4.3 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital Insurance CR(1) (Solvency 2) (in €bn) 82.3 82,3 86,6 86,6 86.6 RESTATEMENTS APPLIED - 1 2 3 +4.6 70.9
Slide 54: 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) 329 324 310 273% 247% 177% 168
Slide 55: Retail Banking & Insurance: quarterly income statement
Annexes Retail Banking & Insurance: quarterly income statement BANQUE POPULAIRE CAISSE D'EPARGNE FINANCIAL SOLUTIONS RETAIL BANKING & INSURANCE PAYMENTS & ONEY OTHER NETWORK NETWORK NETWORK & EXPERTISE INSURANCE In millions of euros Q2-22 Q2-21pf % Q2-22 Q2-21pf % Q2-22 Q2-21pf % Q2-22 Q2-21pf % Q2-
Slide 56: Retail Banking & Insurance: half-yearly income statement
Annexes Retail Banking & Insurance: half-yearly income statement BANQUE CAISSE FINANCIAL SOLUTIONS OTHER RETAIL BANKING POPULAIRE D'EPARGNE INSURANCE PAYMENTS & ONEY & EXPERTISE NETWORK & INSURANCE NETWORK NETWORK H1-22 H1-21pf % H1-22 H1-21pf % H1-22 H1-21pf % H1-22 H1-21pf % H1-22 H1-21pf % H1-22
Slide 57: Retail Banking & Insurance: quarterly series
Annexes Retail Banking & Insurance: quarterly series RETAIL BANKING & INSURANCE Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 In millions of euros Net banking income 4,304 4,425 4,399 4,397 4,627 4,630 Operating expenses (2,757) (2,684) (2,664) (2,920) (2,856) (2,819) Gross operating income 1,547 1,74
Slide 58: 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 Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 In millions of euros Net banking income 1,669 1,737 1,736 1,725 1,838 1,818 Operating expenses (1,078) (1,056) (1,080) (1,141) (1,1
Slide 59: Retail Banking & Insurance: deposits & savings, loan outstandings
Annexes Retail Banking & Insurance DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 878.5 847.5 +3.6% +8.1% 268.4 678.3 257.6 627.7 +4.2% Sight deposits +5.2% Passbook savings accounts 210.9 222.0 377.9 (1.0)% Regulated home savings plans 348.1 +8.8% Term accounts Residen
Slide 60: Retail Banking & Insurance: Banque Populaire network
Annexes Retail Banking & Insurance: Banque Populaire network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 359.2 341.0 +5.3% +8.0% 132.1 138.2 288.6 267.3 +4.6% Sight deposits 71.8 +7.2% Passbook savings accounts 160.2 66.9 147.1 (0.6)% Regulated home savings plans 21.
Slide 61: Retail Banking & Insurance: Caisse d'Epargne network
Annexes Retail Banking & Insurance: Caisse d’Epargne network DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 501.1 +2.5% +7.4% 488.9 116.5 120.7 348.8 Sight deposits 324.8 +3.6% 149.1 +4.3% Passbook savings accounts 142.9 (1.1)% Regulated home savings plans 215.1 198.5 +
Slide 62: Retail Banking & Insurance: FSE quarterly series
Annexes Retail Banking & Insurance: FSE quarterly series FINANCIAL SOLUTIONS & EXPERTISE Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 In millions of euros Net banking income 300 307 308 306 336 332 Operating expenses (160) (157) (155) (172) (166) (163) Gross operating income 141 149 153 135 170 169 C
Slide 63: Retail Banking & Insurance: Insurance quarterly series
Annexes Retail Banking & Insurance: Insurance quarterly series INSURANCE In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Net banking income 242 253 231 245 258 257 Operating expenses (136) (121) (117) (129) (145) (129) Gross operating income 106 132 114 116 113 128 Income before tax
Slide 64: Retail Banking & Insurance: Payments & Oney quarterly series
Annexes Retail Banking & Insurance: Payments & Oney quarterly series PAYMENTS & ONEY In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Net banking income 219 218 229 233 239 239 Operating expenses (172) (169) (170) (184) (190) (184) Gross operating income 47 49 58 48 49 54 Income befo
Slide 65: Retail Banking & Insurance: Other network quarterly series
Annexes Retail Banking & Insurance: Other network quarterly series OTHER NETWORK Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 In millions of euros Net banking income 78 85 80 84 84 89 Operating expenses (54) (44) (63) (51) (50) (52) Gross operating income 24 41 16 33 34 37 Cost of risk (18) (24) (3)
Slide 66: Global Financial Services: quarterly income statement per business line
Annexes Global Financial Services: quarterly income statement per business line CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING In millions of euros % Q2-22 Q2-21pf Q2-22 Q2-21pf Q2-22 Q2-21pf Net banking income 814 849 955 910 1,769 1,759 0.6% Operating expenses
Slide 67: Global Financial Services: half-yearly income statement per business line
Annexes Global Financial Services: half-yearly income statement per business line CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING In millions of euros H1-22 H1-21pf H1-22 H1-21pf H1-22 H1-21pf % Net banking income 1,625 1,620 1,924 1,832 3,550 3,452 2.8% Operatin
Slide 68: Global Financial Services: quarterly series
Annexes Global Financial Services: quarterly series GLOBAL FINANCIAL SERVICES In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Net banking income 1,693 1,759 1,758 2,348 1,781 1,769 Operating expenses (1,188) (1,218) (1,225) (1,673) (1,275) (1,252) Gross operating income 506 541 53
Slide 69: Asset & Wealth Management: quarterly series
Annexes Asset & Wealth Management: quarterly series ASSET & WEALTH MANAGEMENT In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22 Q2-22 Net banking income 771 849 894 1,397 812 814 Operating expenses (593) (618) (644) (958) (644) (650) Gross operating income 178 231 250 439 167 164 Cost of ri
Slide 70: Corporate & Investment Banking: quarterly series
Annexes Corporate & Investment Banking: quarterly series CORPORATE & INVESTMENT BANKING In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Net banking income 922 910 864 950 969 955 Operating expenses (595) (599) (581) (715) (631) (602) Gross operating income 328 310 282 235 338 353
Slide 71: Corporate center: restated quarterly series
Annexes Corporate center: restated quarterly series CORPORATE CENTER In millions of euros Q1-21pf Q2-21pf Q3-21pf Q4-21pf Q1-22pf Q2-22 Net banking income 120 153 138 221 168 170 Operating expenses (710) (249) (230) (323) (830) (179) Gross operating income (590) (96) (92) (102) (662) (9) Cost of ris
Slide 72: Performing & non-performing loans and impairment
Annexes Performing & non-performing loans and impairment In billions of euros June 30, 2022 Dec.31, 2021 Gross outstanding loans to customers and credit institutions 926.3 889.0 O/w S1 outstandings 779.5 788.2 O/w S2 outstandings 125.2 79.2 O/w S3 outstandings 21.6 21.6 Non-performing loans/gross ou
Slide 73: Cost of risk by business lines
Annexes Cost of risk by business lines COST OF RISK(1) (in bps) S1/S2 S3 40 25 28 20 22 19 22 9 22 18 20 21 12 19 BP network 3 2 2 9 26 19 17 8 11 15 13 12 10 8 10 7 15 7 12 CE network 8 -2 2 34 25 21 23 18 16 21 20 12 14 19 17 18 RB&I 5 4 8 10 -1 53 56 44 26 17 47 54 17 11 14 8 27 CIB 6 9 29 11 2 -
Slide 74: Breakdown of gross exposure at June 30, 2022
Annexes Breakdown of gross exposure at June 30, 2022(1) Diversified portfolio Breakdown per geographical region Breakdown of Group gross exposure Financial institutions/ Central administrations/ Corporate customers per counterparty Local governments Central banks and other sovereign exposures 29% 5%
Slide 75: groupebpce.com
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