Natixis — Groupe BPCE — FY2024 Earnings Presentation
75 slides from Natixis's earnings presentation, Feb 5, 2025
Slide 1: Groupe BPCE Q4 & 2024 Results
FEBRUARY 5, 2025 GROUPE BPCE Q4 & 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: Strong Financial and Commercial Performances
STRONG FINANCIAL AND COMMERCIAL PERFORMANCES NET INCOME(1) AT €3.5BN, +26% IN 2024 YOY DEVELOPMENTS PERFORMANCE RB&I Net revenues at €6.0bn, +11% in Q4-24 YoY and at 23.3bn, +5% in 2024 YoY Solid commercial activities achieved by BP & CE networks; Operating expenses: positive jaw effect in Q4-24 and
Slide 4: Vision 2030 Strategic Project Launched in June 2024
GROUPE BPCE LAUNCHED IN JUNE 2024 ITS STRATEGIC PROJECT VISION 2030 The execution is well on track to meet BPCE’s ambitions April 2024 June 2024 June 2024 June 2024 January 2025 Announcement of the SGEF Strategic partnership Groupe BPCE’s New offerings and Announcement of the project to acquisition,
Slide 5: Diversification Underway, with Significant Milestones in 2024
DIVERSIFICATION UNDERWAY, WITH SIGNIFICANT MILESTONES IN 2024 Leadership positions in France, Europe and worldwide France Europe World • 846,000 new clients(1) YTD across all segments in Banque Populaire and Caisse d’Epargne networks • Société Générale Equipment Finance acquisition • CIB: Revenues f
Slide 6: Project to Create a Common Technological Platform
LAUNCH OF A PROJECT TO CREATE A COMMON TECHNOLOGICAL PLATFORM FOR THE BANQUE POPULAIRE AND CAISSE D’EPARGNE BANKS Within four years, a common IT system would be used in place of Financials and timing the two existing systems The project provides an ambitious response to new technological • The total
Slide 7: A Group Mobilized to Decarbonize the Economy
A GROUP MOBILIZED TO DECARBONIZE THE ECONOMY AND COMMITTED TO MAKE POSITIVE IMPACT ACCESSIBLE TO ALL Strong commitments Innovative and concrete actions for our clients Climate commitments Innovations launched by the BP and CE to facilitate home ownership and offer Publication during 2024 of our deca
Slide 8: Summary
Summary 01 Groupe BPCE results 02 Capital and liquidity 03 Business line results 04 Conclusion
Slide 9: Groupe BPCE Results
01 GROUPE BPCE RESULTS
Slide 10: 2024 Results: Reported Net Banking Income
2024 RESULTS: REPORTED NET BANKING INCOME RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m +4% +8% +4% 14,828 15,397 11,720 12,152 +2% +10% +7% +7% +10% 7,358 7,947 4,440 4,166 3,507 1,303 3,192 1,274 694 816 873 633 BP & CE networks FSE Insurance Digital & RB&I CIB AWM GFS Payments
Slide 11: 2024 Results: Reported Operating Expenses
2024 RESULTS: REPORTED OPERATING EXPENSES OPERATING EXPENSES in €m FLAT 223 112 6 159 16,384 16,328 (20) (6) (5) (413) 2023 BP & CE FSE Insurance Digital & Other AWM CIB Corporate 2024 networks Payments network center RB&I: • Slight increase in expenses in the 2 networks, +1% YoY • Expenses well und
Slide 12: Q4-24 & 2024 Results: Reported Cost of Risk/Asset Quality
Q4-24 & 2024 RESULTS: REPORTED COST OF RISK/ASSET QUALITY COST OF RISK TOTAL PROVISIONS(2) (in €bn) LOW LEVEL OF COST OF RISK Stage 3 IN 2024, AT 24BPS, AND NPL Stage 1/Stage 2 14.7 RATIO AT 2.5%, WHILE In bps(1) 14.2 14.3 MAINTAINING A PRUDENT 35 30 PROVISIONING POLICY 23 21 24 30 22 30 23 26 RB&I
Slide 13: Q4-24 & 2024 Results: Reported Group P&L
Q4-24 & 2024 RESULTS: REPORTED GROUP P&L STRONG REBOUND IN PROFITABILITY % % €m Q4-24 Q4-23 2024 2023 Change Change Net revenues reached €23.3bn in 2024, up 5% YoY driven by the strong momentum of all Net banking income 6,046 5,462 11% 23,317 22,198 5% businesses over the year. Q4-24 net revenues up
Slide 14: Capital and Liquidity
02 CAPITAL AND LIQUIDITY
Slide 15: Capital and Loss-Absorbing Capacity
CAPITAL AND LOSS-ABSORBING CAPACITY HIGH LEVEL IN SOLVENCY Change in the CET 1 ratio (in bps) Actual level +21bps +3bps as at Requirements 16.2% +4bps 16.2% December 31, January 2, 2025 15.6%(1) 2024(1) (33)bps (54)bps CET1 ratio 16.2% 10.59%(2) (ECB) Total capital 18.8% 14.65%(2) ratio (ECB) CET1 r
Slide 16: Capital Ratios Well Above Regulatory Requirements
GROUPE BPCE CAPITAL RATIOS ARE WELL ABOVE REGULATORY REQUIREMENTS Ongoing discussions with SRB on 2025 subordinated MREL requirement Following the 2024 SREP exercise, the ECB notified the new minimum CET1 ratio requirement to Groupe BPCE for 2025 at 10.59% vs. 10.47% in 2024, meaning a very limited
Slide 17: Liquidity: 32% of 2025 Funding Plan Completed
LIQUIDITY: 32% OF 2025 FUNDING PLAN ALREADY COMPLETED(1,3) 2025 MLT WHOLESALE FUNDING PLAN Structure of MLT wholesale funding raised in 2025(2) TARGETS 73% FUNDING (excl. ABS*) €7.3bn (32%) €23.0bn Unsecured bonds Covered bonds TLAC €5.6bn (56%) €10.0bn (TIER 2 + SENIOR NON PREF) ABS 19% TIER 2 €1.7
Slide 18: Business Line Results
03 BUSINESS LINE RESULTS
Slide 19: Retail Banking & Insurance: Banques Populaires
RETAIL BANKING & INSURANCE Banques Populaires LOAN OUTSTANDINGS in €bn PRODUCTION DYNAMIC BUSINESS ACTIVITY 2023 2024 WITH PROFESSIONAL AND CORPORATE CLIENTS stable Residential mortgages €14bn €11bn (20)% Average rate 3.2% 3.7% +0.5pp 301 301 72,200 new professional clients YTD Equipment loans €20bn
Slide 20: 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 2023 2024 +1% Residential mortgages €24bn €19bn (23)% Average rate 3.4% 3.8% +0.4pp 391,000 new individual clients(1) YTD 372 376 Weight of clients under 15 y
Slide 21: Retail Banking & Insurance: Financial Solutions & Expertise
RETAIL BANKING & INSURANCE Financial Solutions & Expertise BREAKDOWN OF REVENUES PER BUSINESS LINE in 2024 €m(1) Q4-24 % 2024 % Change Change Consumer credit Net banking income 334 (0)% 1,303 2% 25% 23% Leasing Operating expenses (169) 1% (636) 1% Factoring Gross operating income 165 (2)% 667 3% Cos
Slide 22: Retail Banking & Insurance: Insurance
RETAIL BANKING & INSURANCE Insurance(1) LIFE INSURANCE AuM(2) in €bn PREMIUMS(2) in €bn STRONG COMMERCIAL ACTIVITY 18.6 +15% RESULTING IN A DOUBLE DIGIT 16.2 INCREASE IN GLOBAL TURNOVER 2.5 103.0 +12% +9% 6.6 4.8 4.3 1.9 +12% 92.0 +16% Global turnover up 15 % vs. 2023 driven both +12% by Life insura
Slide 23: Retail Banking & Insurance: Digital & Payments
RETAIL BANKING & INSURANCE Digital & Payments % % €m(1) Q4-24 2024 DIGITAL & AI Change Change 11.8 million clients active on mobile apps at end-December 2024 (+3% vs. Dec 2023) Net banking income 227 14% 873 7% AI for all: >26,000 active users of internal AI generative tool (25% of total Group emplo
Slide 24: Retail Banking & Insurance: Business Line P&L
RETAIL BANKING & INSURANCE Business Line P&L % % SOLID FINANCIAL PERFORMANCE €m(1) Q4-24 2024 THANKS TO DYNAMIC COMMERCIAL ACTIVITY Change Change AND ACTIVE ASSET REPRICING Net banking income 4,064 14% 15,397 4% Residential mortgages: stable YoY to €400bn Operating expenses (2,497) (0)% (9,902) 1% E
Slide 25: Global Financial Services: Corporate & Investment Banking
GLOBAL FINANCIAL SERVICES Corporate & Investment Banking NET REVENUES(1) in €m €1.1BN NET REVENUES IN Q4-24, UP 5% YOY 4,166 4,440 DRIVEN BY GLOBAL MARKETS DIVISION 1,102 1,133 1,118 1,087 1,034 3 42 155 4 158 627 25 131 173 168 535 181 GLOBAL MARKETS 462 1,770 406 436 1,587 466 Net revenues: €452m
Slide 26: Global Financial Services: Asset & Wealth Management
GLOBAL FINANCIAL SERVICES Asset & Wealth Management ASSETS UNDER MANAGEMENT(1) in €bn AuM(1): reached historical highest level of €1,317bn, up 13% YTD, driven by high net inflows and significant positive market and 39 1,317 change effects 71 AM flows(1): net inflows reached €40bn in 2024 mainly on f
Slide 27: Global Financial Services: Business Line P&L
GLOBAL FINANCIAL SERVICES Business Line P&L Constant Constant % % €m(1) Q4-24 Fx % 2024 Fx % CONTINUED MOMENTUM ON GLOBAL BUSINESSES Change Change change change IN Q4-24 AND 2024 Net banking income 2,055 8% 7% 7,947 8% 8% o/w CIB 1,087 5% 5% 4,440 7% 7% CIB o/w AWM 968 11% 10% 3,507 10% 10% Revenues
Slide 28: Conclusion
04 CONCLUSION
Slide 29: Conclusion
CONCLUSION DYNAMIC IMPLEMENTATION STRONG PERFORMANCES OF VISION 2030 PROJECT +11% revenues in Q4-24, +5% in 2024 Leadership positions and development in France New clients in RB&I Equipment rate around 35% in P&C and Personal Protection RB&I Strategic partnership in payments, to create the #1 proces
Slide 30: Annexes
FEBRUARY 5TH, 2025 Q4 & 12M Results ANNEXES
Slide 31: 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 32: Notes on Methodology (1/4)
NOTES ON METHODOLOGY (1/4) 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 33: Notes on Methodology (2/4)
NOTES ON METHODOLOGY (2/4) 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 34: Notes on Methodology (3/4)
NOTES ON METHODOLOGY (3/4) 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 35: Notes on Methodology (4/4)
NOTES ON METHODOLOGY (4/4) Impact indicators Financing for energy-efficient home renovation for individual clients: this indicator calculates the aggregate annual production of loans granted to individual customers (natural persons) to finance energy renovation work, expressed in €m: - Rénovation En
Slide 36: 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 37: Q4-24 & Q4-23 Reconciliation to Alternative Performance Measures
Q4-24 & Q4-23 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 Q4-24 results 6,046 (4,184) (596) (35) 1,262 913 Business lines/Corpora
Slide 38: 2024 & 2023 Reconciliation to Alternative Performance Measures
2024 & 2023 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 2024 results 23,317 (16,384) (2,061) 28 4,956 3,520 Business lines/Corpor
Slide 39: Q4-24 & Q4-23 Underlying Cost to Income Ratio
Q4-24 & Q4-23 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio Q4-24 reported figures 6,046 (4,184) Impact of exceptional items 0 (86) Q4-24 underlying figures 6,045 (4,098) 67.8% Net banking Operating Underlying €m income expenses cost i
Slide 40: 2024 & 2023 Underlying Cost to Income Ratio
2024 & 2023 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio 2024 reported figures 23,317 (16,384) Impact of exceptional items 3 (208) 2024 underlying figures 23,314 (16,176) 69.4% Net banking Operating Underlying €m income expenses cost
Slide 41: 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 Q4-24 Q4-23 Q4-24 Q4-23 Q4-24 Q4-23 Q4-24 Q4-23 % Net banking income 4,064 3,576 2,055 1,908 (73) (22) 6,046 5,462 11% Operating expenses (2,497) (2,499) (1,
Slide 42: 2024 Income Statement per Business Line
GROUPE BPCE: 2024 INCOME STATEMENT PER BUSINESS LINE RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE €m 2024 2023 2024 2023 2024 2023 2024 2023 % Net banking income 15,397 14,828 7,947 7,358 (27) 12 23,317 22,198 5% Operating expenses (9,902) (9,815) (5,651) (5,269)
Slide 43: 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 Q4-24 Net banking income 5,815 5,467 5,455 5,462 5,753 5,626 5,892 6,046 Operating expenses (4,587) (3,799) (3,812) (4,129) (4,151) (4,008) (4,041) (4,184) Gross operating 1,228 1,667 1,642 1,332 1,602 1,618 1,851
Slide 44: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES Dec. 31, 2024 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023 €m €m Cash and amounts due from central banks 133,186 152,669 Amounts due to central banks 1 2 Financial assets at fair value through profit or loss 230,521 214,582 Financial liabilities at fair val
Slide 45: Goodwill
GOODWILL IRFS5 Translation Dec. 31, 2023 Acquisitions Dec. 31, 2024 reclassifications adjustments €m Retail Banking & Insurance 822 58 879 Asset & Wealth Management 3,257 1 (72) 95 3,280 Corporate & Investment Banking 144 7 151 Total 4,224 58 (72) 102 4,312 Results for the 4th quarter and full year
Slide 46: 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 (833) Change in capital (cooperative shares) 90 Impact of acquisitions and disposals on non-controlling interests (m
Slide 47: Changes in Regulatory Capital and Fully-Loaded Ratios
FINANCIAL STRUCTURE: CHANGES IN REGULATORY CAPITAL AND FULLY-LOADED RATIOS REGULATORY CAPITAL (in €bn) €m Dec. 31, 2024 Dec. 31, 2023 83.4 86.1 12.2 12.2 Equity attribuable to shareholders’ equity 87.1 84.4 Tier-2 capital Cancelation of hybrid securities in equity 29.3 29.6 - - Cooperative shares at
Slide 48: 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 Jan. 2, 2025 requirement requirement buffer buffer (CCyB) To
Slide 49: Prudential Ratios and Credit Ratings
FINANCIAL STRUCTURE: PRUDENTIAL RATIOS AND CREDIT RATINGS Dec. 31, 2024(1) Long-term senior preferred credit ratings Dec. 31, 2024(1) Dec. 31, 2023 Proforma (February 5, 2025) Total risk-weighed assets €457bn €469bn €458bn A+ stable outlook Common Equity Tier-1 capital €73.8bn €73.3bn €71.2bn A1 Tie
Slide 50: 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) 34.6% 7.9% 27.3% Eligible Senior Preferred debt 26.7% 22.4% 7.1% Senior Non-Preferred 7.1% Senior Non-Preferred 3.4% 3.4% Tier 2 Tier 2 CET1 CET1 16.2% 16.2% 2024 TLAC Dec. 31, 2024 20
Slide 51: Risk-Weighted Assets
RISK-WEIGHTED ASSETS BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(1) (in €bn) 458 457 458 457 Other 9% 9% Operational Risk 8% 8% 3% 3% 19% 21% Global Financial Services Market Risk Retail Banking & 88% 88% Credit Risk Insurance 72% 71% Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023 Dec
Slide 52: Leverage Ratio
LEVERAGE RATIO €bn Dec. 31, 2024(1) Dec. 31, 2023 Tier-1 capital 73.8 71.2 Balance sheet total(2) 1,584.6 1,539.3 Prudential restatements (123.3) (105.6) Prudential balance sheet total(2) 1,461.3 1,433.7 (3) Adjustments related to exposure to derivates (19.0) (18.1) Adjustments related to security f
Slide 53: Financial Conglomerate
FINANCIAL CONGLOMERATE Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +4.7 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 90.8 Insurance CR(1) (Solvency 2) (in €bn) 86.1 RESTATEMENTS APPLIED - 1 2 3 +4.8 74.6 Shift from a Cancellati
Slide 54: 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% 302 302 186% 17
Slide 55: 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 Q4-24 Q4-23 % Q4-24 Q4-23 % Q4-24 Q4-23 % Q4-24 Q4-23 % Q4-24 Q4-23 % Q4-24 Q4-23 % Q4-24
Slide 56: Retail Banking & Insurance: 2024 Income Statement
RETAIL BANKING & INSURANCE: 2024 INCOME STATEMENT BANQUE POPULAIRE CAISSE D'EPARGNE FINANCIAL SOLUTIONS RETAIL BANKING & INSURANCE DIGITAL & PAYMENTS OTHER NETWORK NETWORK NETWORK & EXPERTISE INSURANCE €m 2024 2023 % 2024 2023 % 2024 2023 % 2024 2023 % 2024 2023 % 2024 2023 % 2024 2023 % Net banking
Slide 57: 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 Q4-24 Net banking income 3,903 3,640 3,709 3,576 3,763 3,701 3,869 4,064 Operating expenses (2,497) (2,460) (2,359) (2,499) (2,547) (2,456) (2,403) (2,497) Gross operating 1,406 1,180
Slide 58: 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 Q4-24 Net banking income 1,569 1,442 1,469 1,382 1,489 1,489 1,506 1,614 Operating expenses (1,018) (1,015) (961) (975) (1,043) (1,025) (9
Slide 59: Retail Banking & Insurance: Deposits & Savings, Loans
RETAIL BANKING & INSURANCE DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY 937 +2% +1% 918 719 724 238 (4) % Sight deposits 248 3% Passbook savings accounts (7) % Regulated home savings plans 402 400 238 231 5% Term accounts 0% Residential mortages 69 64 % BPCE bonds pla
Slide 60: Banque Populaire Network: Deposits & Loans
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +1% 0% 381 386 (5)% Sight deposits 301 301 120 125 2% Passbook savings accounts 91 95 (5)% Regulated home savings plans 14 15 4% Equipment loans 77 75 0% Term accounts 27
Slide 61: Caisse d'Epargne Network: Deposits & Loans
RETAIL BANKING & INSURANCE: CAISSE D’EPARGNE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +1% 533 520 372 376 20 21 107 (5)% Sight deposits 113 3% Passbook savings accounts 94 96 (8)% Regulated home savings plans 160 23 22 155 12% Term accounts 3% Personal
Slide 62: 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 Q4-24 Net banking income 315 306 318 335 327 320 322 334 Operating expenses (157) (151) (154) (167) (162) (154) (151) (169) Gross operating 158 155 164 168 166 166 171 165 in
Slide 63: 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 Q4-24 Net banking income 180 126 181 146 188 118 217 171 Operating expenses (43) (37) (42) (41) (42) (25) (40) (36) Gross operating 137 89 139 105 146 93 177 135 income Income before tax 139
Slide 64: 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 Q4-24 Net banking income 205 203 209 199 215 214 218 227 Operating expenses (161) (163) (157) (171) (160) (159) (154) (173) Gross operating 44 40 52 27 55 55 64 54 income C
Slide 65: 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 Q4-24 Net banking income 97 97 99 91 91 93 90 101 Operating expenses (51) (52) (52) (63) (55) (55) (51) (53) Gross operating 46 45 47 28 37 38 39 48 income Cost of risk (2) 2 (14) (1
Slide 66: Global Financial Services: Quarterly Income Statement
GLOBAL FINANCIAL SERVICES: QUARTERLY INCOME STATEMENT PER BUSINESS LINE CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m Q4-24 Q4-23 Q4-24 Q4-23 Q4-24 Q4-23 % Net banking income 968 874 1,087 1,034 2,055 1,908 8% Operating expenses (763) (691) (738) (703) (1,50
Slide 67: Global Financial Services: 2024 Income Statement
GLOBAL FINANCIAL SERVICES: 2024 INCOME STATEMENT PER BUSINESS LINE CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m 2024 2023 2024 2023 2024 2023 % Net banking income 3,507 3,192 4,440 4,166 7,947 7,358 8% Operating expenses (2,763) (2,604) (2,889) (2,666) (5,6
Slide 68: 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 Q4-24 Net banking income 1,854 1,829 1,767 1,908 1,933 1,983 1,976 2,055 Operating expenses (1,305) (1,287) (1,283) (1,394) (1,368) (1,366) (1,415) (1,501) Gross operating 549 542 483 5
Slide 69: 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 Q4-24 Net banking income 1,074 1,056 1,002 1,034 1,102 1,133 1,118 1,087 Operating expenses (661) (651) (650) (703) (706) (694) (751) (738) Gross operating 412 405 352 331 396
Slide 70: 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 Q4-24 Net banking income 781 773 764 874 830 850 858 968 Operating expenses (644) (636) (633) (691) (662) (673) (664) (763) Gross operating 137 137 131 183 168 178 194 205 income Cost o
Slide 71: 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 Q4-24 Net banking income 57 (3) (21) (22) 57 (58) 46 (73) Operating expenses (785) (52) (170) (237) (236) (186) (223) (186) Gross operating income (728) (55) (191) (259) (179) (244) (176) (259) Cost of r
Slide 72: Performing & Non-Performing Loans and Impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn Dec. 31, 2024 Dec. 31, 2023 Gross outstanding loans to customers and credit institutions 983.2 963.7 O/w S1 outstandings 823.9 809.8 O/w S2 outstandings 134.9 131.1 O/w S3 outstandings 24.3 22.8 Non-performing loans/gross outstanding loans 2.5% 2.
Slide 73: Cost of Risk by Business Line
COST OF RISK BY BUSINESS LINE S3 COST OF RISK(1) (in bps) S1/S2 36 30 35 26 29 16 31 28 24 24 BP network 7 2 2 4 (8) 23 19 17 22 22 11 23 21 18 CE network 1 20 (9) (2) (1) (1) 35 16 z 26 23 30 30 30 27 22 23 RB&I 5 1 1 (7) (1) 55 52 37 32 22 67 21 61 34 21 16 CIB 1 (2) (9) (13) 35 26 24 28 28 18 28
Slide 74: Breakdown of Gross Exposures at December 31, 2024
BREAKDOWN OF GROSS EXPOSURES AT DECEMBER 31, 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% 4%
Slide 75: groupeBPCE.com
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