Natixis — Groupe BPCE — Q3 2025 Earnings Presentation
72 slides from Natixis's earnings presentation, Nov 5, 2025
Slide 1: Groupe BPCE Q3 & 9M 2025 Results
NOVEMBER 5, 2025 GROUPE BPCE Q3 & 9M 2025 Results
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements and comments These estimates are based on the judgment of the individuals preparing this relating to the objectives and strategy of Groupe BPCE. By their very nature, financial information and the information available at the date o
Slide 3: Q3-25: +24% in net income YoY, at €1.1bn
Q3-25: +24% IN NET INCOME(1) YOY, AT €1.1BN CONTINUED DEVELOPMENTS STRONG GROWTH PERFORMANCES RB&I Net revenues at €6.4bn, +9% in Q3-25 YoY, €19.0bn, +10% in 9M-25 YoY Dynamic commercial activities achieved by BP & CE networks; 630,000 new clients YTD across all segments Underlying C/I ratio at 63.3
Slide 4: Growth and diversification of Groupe BPCE
GROWTH AND DIVERSIFICATION OF GROUPE BPCE Achievements aligned with Vision 2030 strategic plan to develop and diversify Groupe BPCE in France, in Europe and in the world TO SUPPORT KEY INDUSTRIAL SECTORS TO PURSUE GROUPE BPCE EUROPEAN STRATEGY TO SOVEREIGNTY BPCE's issuance of the first European Def
Slide 5: A group committed to decarbonizing the economy
A GROUP COMMITTED TO DECARBONIZING THE ECONOMY, CONCRETE IMPACT IN ALL TERRITORIES ENERGY RENOVATION & TRANSITION PROTECTION OF LOCAL NATURAL HERITAGE Banque Populaire and Caisse d’Epargne expand their energy Engaging in the protection of local natural heritage renovation offering with Cozynergy to
Slide 6: Summary
Summary 01 Groupe BPCE results 02 Capital and liquidity 03 Business line results 04 Conclusion
Slide 7: Groupe BPCE Results
01 GROUPE BPCE RESULTS
Slide 8: 9M-25 Results: Reported net banking income
9M-25 RESULTS: REPORTED NET BANKING INCOME RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m +13% +10% +2% +7% At constant change +12% 12,773 +6% 11,333 9,949 6,216 8,922 +31% +12% +8% +9% +1% 5,888 1,106 3,349 3,656 847 718 2,539 2,560 644 646 698 BP & CE networks FSE Insurance Digit
Slide 9: 9M-25 Results: Operational efficiency
9M-25 RESULTS: OPERATIONAL EFFICIENCY REPORTED OPERATING EXPENSES IN €M +5% 197 48 12,819 160 2 20 4 23 12,200 165 9M-24 BP & CE FSE Insurance Digital & Other AWM CIB Corporate 9M-25 networks Payments network center RB&I: Improved • Limited increase in expenses in the 2 networks, by 3% YoY, with ver
Slide 10: Q3-25 & 9M-25 Results: Cost of risk / asset quality
Q3-25 & 9M-25 RESULTS: REPORTED COST OF RISK/ASSET QUALITY COST OF RISK Total Stage 1/2 Stage 3 Groupe BPCE 651 34 97 627 554 596 683 596 559 587 (31) (37) (97) 488 523 In €m 30 2 4 31 24 28 25 27 (1) (2) 29 26 27 (4) 23 In bps(1) 30 28 28 31 RB&I 30 28 28 1 1 1 (2) 22 23 25 (3) in bps(1) 55 67 51 2
Slide 11: Q3-25 & 9M-25 Results: Reported Group P&L
Q3-25 & 9M-25 RESULTS: REPORTED GROUP P&L % % STRONG QUARTER: NET INCOME UP 24% VS. Q3-24 €m Q3-25 Q3-24 9M-25 9M-24 Change Change SOLID REVENUES GROWTH YTD Net banking income 6,410 5,892 9% 19,029 17,271 10% Operating expenses (4,157) (4,041) 3% (12,819) (12,200) 5% Net revenues stand at €19bn in 9
Slide 12: Capital and Liquidity
02 CAPITAL AND LIQUIDITY
Slide 13: Capital and loss-absorbing capacity
CAPITAL AND LOSS-ABSORBING CAPACITY HIGH LEVEL OF CAPITAL Change in the CET 1 ratio (in bps) Organic capital creation: Actual level +14bps Requirements as at Oct. 1st, 2025 +25bps Sept. 30, 2025 16.4%(1) 16.3% (11)bps (5)bps CET1 ratio 16.4%(1) 10.59%(2) (ECB) Total capital ratio 19.1%(1) 14.65%(2)
Slide 14: Liquidity: 96% of 2025 funding plan completed
LIQUIDITY: 96% OF 2025 FUNDING PLAN ALREADY COMPLETED(1,3) 2025 MLT WHOLESALE FUNDING PLAN Structure of MLT wholesale funding raised in 2025(2) *Asset-Backed Securities TARGETS FUNDING (excl. €22.1bn (96%) 31% €23.0bn ABS*) Unsecured bonds TLAC (TIER 2 + SENIOR €10.8bn (108%) €10.0bn Covered bonds 4
Slide 15: Business Line Results
03 BUSINESS LINE RESULTS
Slide 16: Retail Banking & Insurance: Banques Populaires
RETAIL BANKING & INSURANCE Banques Populaires LOAN OUTSTANDINGS in €bn PRODUCTION STRONG SUPPORT FOR THE ECONOMY, 9M-25 RESULTING IN A CLEAR INCREASE IN LOANS 9M-24 PRODUCTION AND SAVINGS Residential mortgages €7.7bn €12.8bn +67% stable Average rate 3.8% 3.2% (0.6)pp 302 303 Consumers loans(1) €3.7b
Slide 17: Retail Banking & Insurance: Caisses d'Epargne
RETAIL BANKING & INSURANCE Caisses d’Epargne LOAN OUTSTANDINGS in €bn PRODUCTION STRONG DYNAMICS IN LOANS PRODUCTION 9M-24 9M-25 AND SAVINGS AND STRONG FINANCIAL Residential mortgages PERFORMANCES +1% €13.6bn €17.9bn +32% Average rate 3.9% 3.2% (0.7)pp 376 381 Consumers loans(1) €7.1bn €7.2bn +1% 28
Slide 18: Retail Banking & Insurance: Financial Solutions & Expertise
RETAIL BANKING & INSURANCE Financial Solutions & Expertise % % BREAKDOWN OF REVENUES PER BUSINESS LINE in 9M-25 €m(1) Q3-25 Change 9M-25 Change Retail Banking services Consumer credit 7% Net banking income 390 39% 1,106 31% 25% 32% Retail securities services Operating expenses (212) 50% (600) 36% BP
Slide 19: Retail Banking & Insurance: Insurance
RETAIL BANKING & INSURANCE Insurance(1) LIFE INSURANCE AuM(2) in €bn PREMIUMS(2,3) in €bn CONTINUED GROWTH MOMENTUM IN LIFE INSURANCE 2.4 121.5 15.3 +7% AUM GROSS INFLOWS STILL HIGH 4.5 2.1 14.3 +30% 112.6 4.4 +16% Life insurance AuM(2) stand at €121bn up +8% YTD 3.8 +29% +11% driven by €7bn net inf
Slide 20: Retail Banking & Insurance: Digital & Payments
RETAIL BANKING & INSURANCE Digital & Payments DIGITAL & AI 8 M of active main banking clients use digital services on mobile apps at end-September 2025 (+4% YoY) Groupe BPCE jumps 15 places in the 2025 Evident AI Index ranking, rising to 25th among the 50 largest banks in the world % % €m(1) Q3-25 9
Slide 21: Retail Banking & Insurance: Business Line P&L
RETAIL BANKING & INSURANCE Business Line P&L DOUBLE DIGIT GROWTH IN NET INTEREST INCOME % % STRONG DYNAMICS ON LOANS AND SAVINGS €m(1) Q3-25 9M-25 Change Change Net banking income 4,439 15% 12,773 13% Quarterly residential mortgage production: +35% in Q3-25 YoY Operating expenses (2,519) 5% (7,756)
Slide 22: Global Financial Services: Corporate & Investment Banking
GLOBAL FINANCIAL SERVICES Corporate & Investment Banking NET REVENUES(1) in €m €3.7BN NET REVENUES IN 9M-25, UP 10% YOY AT CONSTANT FX 1,247 1,249 3,656 1,117 1,160 3,349 1,087 6 55 141 27 22 461 GLOBAL MARKETS 4 187 458 173 133 168 Net revenues: €1.9bn in 9M-25 (+ 17 % YoY) including €584m in 436 1
Slide 23: Global Financial Services: Asset & Wealth Management
GLOBAL FINANCIAL SERVICES Asset & Wealth Management ASSETS UNDER MANAGEMENT(1) in €bn AuM(1): up 1 % YtD at €1,301bn including high net inflows and market effects partially offset by negative change effect AM flows(1): net inflows reached €23bn (including €1bn in Q3-25) mainly on fixed income 74 pro
Slide 24: Global Financial Services: Business Line P&L
GLOBAL FINANCIAL SERVICES Business Line P&L SUSTAINABLE GROWTH DESPITE UNFAVORABLE FX IMPACT Constant Constant STRONG QUARTER FOR CIB (1) % % €m Q3-25 Fx % 9M-25 Fx % Change Change change change Net banking income 2,004 1% 4% 6,216 6% 7% CIB o/w CIB 1,160 4% 6% 3,656 9% 10% Revenues reached €3.7bn i
Slide 25: Conclusion
04 CONCLUSION
Slide 26: Conclusion
CONCLUSION STRONG COMMERCIAL OPERATIONAL EFFICIENCY STRONG BALANCE SHEET AND FINANCIAL PERFORMANCES MANAGEMENT RB&I GFS Good control of Average monthly LCRs Global Markets +17% operating expenses: in Q3-25: 148% Deposits & savings: +€13bn YoY YoY in 9M-25 +3% YoY in Q3-25 and +5% YoY in 9M-25 96% of
Slide 27: Annexes
NOVEMBER 5, 2025 Q3 & 9M 2025 ANNEXES
Slide 28: 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 29: 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 2024 quarterly series are presented pro forma with changes computed on the basis of interest earned from transactions with
Slide 30: Notes on methodology (2/4)
NOTES ON METHODOLOGY (2/4) Total loss-absorbing capacity Loan outstandings and deposits & savings The Total Loss-Absorbing Capacity (TLAC) requirement is determined by • Restatements regarding transitions from book outstandings article 92a of CRR. to outstandings under management are as follows: The
Slide 31: 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 32: Notes on methodology (4/4)
NOTES ON METHODOLOGY (4/4) Business line indicators – Insurance The percentage of individual clients insured corresponds to the proportion of principal banking clients of legal age with an auto, 2-wheeler, home, civil liability/private life, personal accident, comprehensive personal accident, legal
Slide 33: Reconciliation of 2024 reported data to pro forma data
RECONCILIATION OF 2024 REPORTED DATA TO PRO FORMA DATA FINANCIAL SOLUTIONS & EXPERTISE Q1-24 Q2-24 Q3-24 Q4-24 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
Slide 34: Reconciliation of 2024 reported data to pro forma data
RECONCILIATION OF 2024 REPORTED DATA TO PRO FORMA DATA CORPORATE & INVESTMENT BANKING Q1-24 Q2-24 Q3-24 Q4-24 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
Slide 35: Q3-25 & Q3-24 reconciliation to alternative performance measures
Q3-25 & Q3-24 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 Q3-25 results 6,410 (4,157) (587) (9) 1,682 1,146 Business lines/Corpor
Slide 36: 9M-25 & 9M-24 reconciliation to alternative performance measures
9M-25 & 9M-24 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-25 results 19,029 (12,819) (1,796) (15) 4,469 2,957 Business lines/C
Slide 37: Q3-25 & Q3-24 underlying cost to income ratio
Q3-25 & Q3-24 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio Q3-25 reported figures 6,410 (4,157) Impact of exceptional items (27) (82) Q3-25 underlying figures 6,437 (4,075) 66.3% Net banking Operating Underlying €m income expenses cos
Slide 38: 9M-25 & 9M-24 underlying cost to income ratio
9M-25 & 9M-24 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio 9M-25 reported figures 19,029 (12,819) Impact of exceptional items (26) (259) 9M-25 underlying figures 19,055 (12,560) 65.9% Net banking Operating Underlying €m income expense
Slide 39: 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 Q3-25 Q3-24 Q3-25 Q3-24 pf Q3-25 Q3-24 pf Q3-25 Q3-24 % Net banking income 4,439 3,869 2,004 1,975 (33) 48 6,410 5,892 8.8% Operating expenses (2,519) (2,403
Slide 40: 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-25 9M-24 9M-25 9M-24 9M-25 9M-24 9M-25 9M-24 % Net banking income 12,773 11,333 6,216 5,888 40 49 19,029 17,271 10.2% Operating expenses (7,756) (7,405) (4,
Slide 41: Groupe BPCE: Quarterly series
GROUPE BPCE: QUARTERLY SERIES GROUPE BPCE €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net banking income 5,753 5,626 5,892 6,046 6,305 6,315 6,410 Operating expenses (4,151) (4,008) (4,041) (4,184) (4,359) (4,304) (4,157) Gross operating income 1,602 1,618 1,851 1,862 1,946 2,011 2,253 Cost of risk
Slide 42: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES Sept. 30, 2025 Dec. 31, 2024 Sept. 30, 2025 Dec. 31, 2024 €m €m Cash and amounts due from central banks 128,200 133,186 Amounts due to central banks 17 1 Financial assets at fair value through profit or loss 240,365 230,521 Financial liabilities at fair
Slide 43: Statement of changes in shareholders' equity
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Equity attributable to €m shareholders’ equity January 1st, 2025 87,137 Distributions (728) Change in capital (cooperative shares) (52) Impact of acquisitions and disposals on non-controlling interests (minority interests) (39) Income 2,957 Changes in gai
Slide 44: Changes in regulatory capital and prudential ratios
FINANCIAL STRUCTURE: CHANGES IN REGULATORY CAPITAL AND PRUDENTIAL RATIOS REGULATORY CAPITAL (in €bn) €m Sept. 30, 2025 (1) Dec. 31, 2024 87.1 86.1 12.4 12.2 Equity attribuable to shareholders’ equity 88.4 87.1 Tier-2 capital (3) Cancelation of hybrid securities in equity 29.6 29.6 - - Cooperative sh
Slide 45: 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, 2025 requirement requirement buffer buffer buffer (CCyB) Total October 1st, 2025 requirement requirement buffer buffer (CCy
Slide 46: Prudential ratios and credit ratings
FINANCIAL STRUCTURE: PRUDENTIAL RATIOS AND CREDIT RATINGS Long-term senior preferred credit ratings Sept. 30, 2025(1) Dec. 31, 2024 Dec. 31, 2023 (November 5, 2025) Total risk-weighed assets €455bn €457bn €458bn A+ stable outlook Common Equity Tier-1 capital €74.6bn €73.8bn €71.2bn A1 Tier-1 capital
Slide 47: 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) 33.3% 6.4% 26.9% 27.5% Eligible Senior Preferred debt 22.4% 7.6% Senior Non-Preferred 7.6% Senior Non-Preferred 2.9% 2.9% Tier 2 Tier 2 CET1 CET1 16.4% 16.4% 2025 TLAC Sept. 30, 2025 2
Slide 48: Risk-weighted assets
RISK-WEIGHTED ASSETS(1) BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(2) (in €bn) 457 455 457 455 7% Other 9% 10% Operational Risk 8% 3% 3% 21% 21% Global Financial Services Market Risk Retail Banking & 88% 87% Credit Risk Insurance 71% 72% Dec. 31, 2024 Sept. 30, 2025 Dec. 31, 202
Slide 49: Leverage ratio
LEVERAGE RATIO €bn Sept. 30, 2025(1) Dec. 31, 2024 Tier-1 capital 74.6 73.8 Balance sheet total(2) 1,629.6 1,584.6 Prudential restatements (133.2) (123.3) Prudential balance sheet total(2) 1,496.5 1,461.3 (3) Adjustments related to exposure to derivates (10.4) (19.0) Adjustments related to security
Slide 50: Financial conglomerate
FINANCIAL CONGLOMERATE Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +5 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 92.1 Insurance CR(1) (Solvency 2) (in €bn) 87.1 RESTATEMENTS APPLIED - 1 2 3 +5 75.8 Shift from a Cancellation o
Slide 51: 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) 328 302 304 303 294 130 Cash placed with 127 124 114 123 central banks 168 171 173 161 162 77 LCR securities 29 33 33 34 36 MLT 67 75 78 8
Slide 52: 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 Q3-25 Q3-24 % Q3-25 Q3-24 % Q3-25 Q3-24 % Q3-25 Q3-24 % Q3-25 Q3-24 % Q3-25 Q3-24 % Q3-25
Slide 53: Retail Banking & Insurance: 9-month income statement
RETAIL BANKING & INSURANCE: 9-MONTH INCOME STATEMENT BANQUE POPULAIRE CAISSE D'EPARGNE FINANCIAL SOLUTIONS RETAIL BANKING & INSURANCE DIGITAL & PAYMENTS OTHER NETWORK NETWORK NETWORK & EXPERTISE INSURANCE €m 9M-25 9M-24 % 9M-25 9M-24 % 9M-25 9M-24 % 9M-25 9M-24 % 9M-25 9M-24 % 9M-25 9M-24 % 9M-25 9M
Slide 54: Retail Banking & Insurance: Quarterly series
RETAIL BANKING & INSURANCE: QUARTERLY SERIES RETAIL BANKING & INSURANCE €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net banking income 3,763 3,701 3,869 4,064 4,140 4,195 4,439 Operating expenses (2,547) (2,456) (2,403) (2,497) (2,642) (2,596) (2,519) Gross operating 1,217 1,245 1,467 1,567 1,498 1
Slide 55: 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 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net banking income 1,489 1,489 1,506 1,614 1,622 1,622 1,731 Operating expenses (1,043) (1,025) (999) (980) (1,080) (1,060) (1,031) Gross
Slide 56: Retail Banking & Insurance: Deposits & savings and loans
RETAIL BANKING & INSURANCE DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +3% +1% 234 (1)% Sight deposits 236 4% Passbook savings accounts 1% Residential (6)% Regulated home savings 395 246 392 mortages 237 plans (2) 43% Deposits linked to group 3% Consumer loans (1) 65
Slide 57: Banque Populaire network
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +3% +0% 0% Sight deposits 122 122 4% Passbook savings accounts (2)% Regulated home savings plans (1)% Residential 80 164 163 mortages 77 (1) 31% Deposits linked to group
Slide 58: Caisse d'Epargne network
RETAIL BANKING & INSURANCE: CAISSE D’EPARGNE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +4% +1% 101 105 (3)% Sight deposits 4% Passbook savings accounts 164 158 225 229 (8)% Regulated home savings plans 2% Residential 47 51 35% Deposits linked to group issua
Slide 59: FSE quarterly series
RETAIL BANKING & INSURANCE: FSE QUARTERLY SERIES FINANCIAL SOLUTIONS & EXPERTISE M€ Q1-24pf Q2-24pf Q3-24pf Q4-24pf Q1-25 Q2-25 Q3-25 Net banking income 287 280 280 291 327 388 390 Operating expenses (153) (145) (142) (160) (177) (211) (212) Gross operating income 134 135 139 131 150 177 178 Cost of
Slide 60: Insurance quarterly series
RETAIL BANKING & INSURANCE: INSURANCE QUARTERLY SERIES INSURANCE €m Q1-24 pf Q2-24 pf Q3-24 pf Q4-24 pf Q1-25 Q2-25 Q3-25 Net banking income 228 157 258 215 247 234 238 Operating expenses (50) (34) (50) (46) (47) (44) (44) Gross operating income 178 124 209 169 199 190 194 Income before tax 181 130
Slide 61: Digital & Payments quarterly series
RETAIL BANKING & INSURANCE: DIGITAL & PAYMENTS QUARTERLY SERIES DIGITAL & PAYMENTS €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net banking income 215 214 218 227 229 232 237 Operating expenses (160) (159) (154) (173) (167) (166) (160) Gross operating 55 55 64 54 62 66 77 income Cost of risk (31) (3
Slide 62: Other network quarterly series
RETAIL BANKING & INSURANCE: OTHER NETWORK QUARTERLY SERIES OTHER NETWORK €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net banking income 91 93 90 101 101 99 102 Operating expenses (55) (55) (51) (53) (59) (54) (51) Gross operating 37 38 39 48 43 44 51 income Cost of risk (16) (17) (14) (15) (21) (4)
Slide 63: GFS: 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 Q3-25 Q3-24 Q3-25 Q3-24 Q3-25 Q3-24 % Net banking income 1,160 1,117 844 858 2,004 1,975 1.5% Operating expenses (768) (750) (667) (664) (1,
Slide 64: GFS: 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-25 9M-24 9M-25 9M-24 9M-25 9M-24 % Net banking income 3,656 3,349 2,560 2,539 6,216 5,888 5.6% Operating expenses (2,344) (2,148) (2,022) (
Slide 65: Global Financial Services: Quarterly series
GLOBAL FINANCIAL SERVICES: QUARTERLY SERIES GLOBAL FINANCIAL SERVICES €m Q1-24 pf Q2-24 pf Q3-24 pf Q4-24 pf Q1-25 Q2-25 Q3-25 Net banking income 1,931 1,982 1,975 2,055 2,103 2,109 2,004 Operating expenses (1,367) (1,365) (1,414) (1,501) (1,473) (1,459) (1,435) Gross operating income 564 616 561 55
Slide 66: Corporate & Investment Banking: Quarterly series
CORPORATE & INVESTMENT BANKING: QUARTERLY SERIES CORPORATE & INVESTMENT BANKING €m Q1-24 pf Q2-24 pf Q3-24 pf Q4-24 pf Q1-25 Q2-25 Q3-25 Net banking income 1,101 1,132 1,117 1,087 1,247 1,249 1,160 Operating expenses (705) (693) (750) (738) (790) (786) (768) Gross operating income 396 439 367 349 45
Slide 67: Asset & Wealth Management: Quarterly series
ASSET & WEALTH MANAGEMENT: QUARTERLY SERIES ASSET & WEALTH MANAGEMENT €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net banking income 830 850 858 968 856 860 844 Operating expenses (662) (673) (664) (763) (682) (673) (667) Gross operating income 168 178 194 205 173 187 178 Cost of risk (5) 9 (2) 12
Slide 68: Corporate Center: Quarterly series
CORPORATE CENTER: QUARTERLY SERIES CORPORATE CENTER €m Q1-24 pf Q2-24 pf Q3-24 pf Q4-24 pf Q1-25 Q2-25 Q3-25 Net banking income 58 (57) 48 (73) 62 11 (33) Operating expenses (237) (187) (224) (186) (244) (249) (203) Gross operating income (178) (244) (176) (259) (182) (238) (236) Cost of risk (28) (
Slide 69: Performing & non-performing loans and impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn Sept. 30, 2025 Dec. 31, 2024 Gross outstanding loans to customers and credit institutions 1,007.5 983.2 O/w S1 outstandings 843.8 823.9 O/w S2 outstandings 136.7 134.9 O/w S3 outstandings 27.1 24.3 Non-performing loans/gross outstanding loans 2.7%
Slide 70: Cost of risk by business line
COST OF RISK BY BUSINESS LINE Cost of risk by business line (in pbs) Total Stage 1/2 Stage 3 35 2 4 29 (1) (2) (1) 31 31 32 BP network 26 28 31 29 in bps(1) 24 (1) (1) 1 (4) (3) 23 23 23 23 CE network 18 in bps(1) 22 24 19 17 21 1 1 1 (3) (2) RB&I 30 28 30 31 23 25 28 28 28 in bps(1) 22 28 55 1 (13)
Slide 71: Breakdown of gross exposures at September 30, 2025
BREAKDOWN OF GROSS EXPOSURES AT SEPTEMBER 30, 2025(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 5% 2% 5%
Slide 72: groupeBPCE.com
groupeBPCE.com groupeBPCE.com