Natixis — Groupe BPCE — H1 2025 Earnings Presentation
74 slides from Natixis's earnings presentation, Aug 5, 2025
Slide 1: Groupe BPCE Q2 & H1 2025 Results
AUGUST 5, 2025 GROUPE BPCE Q2 & H1 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: Q2-25: +21% in net income at €1.0bn
Q2-25: +21% IN NET INCOME(1) YOY, AT €1.0BN STRONG ORGANIC GROWTH ACROSS ALL BUSINESSES STRONG DEVELOPMENTS CONTINUED PERFORMANCES RB&I Net revenues at €6.3bn, +12% in Q2-25 YoY, €12.6bn in H1-25, +11% YoY Solid commercial activities achieved by BP & CE networks; Underlying C/I ratio at 66.3%, -4.2p
Slide 4: Growth and diversification of Groupe BPCE: six months of transformation
: GROWTH AND DIVERSIFICATION OF GROUPE BPCE Six months of transformation August 2025 March 2025 Signature of project to February 2025 acquire novobanco, aiming to make Portugal BPCE’s Completion of the 2nd-largest domestic acquisition of SGEF market in retail banking February 2025 announced in April
Slide 5: Development project in Portugal with the acquisition of novobanco
BPCE DEVELOPMENT PROJECT IN PORTUGAL WITH THE ACQUISITION OF NOVOBANCO A growth project fostering value creation and diversification ▶ novobanco is Portugal’s 4th-largest bank in terms of total assets with market shares of 9% with individual clients and 14% with corporates novobanco at a glance 2024
Slide 6: A group mobilized being useful to society
A GROUP MOBILIZED BEING USEFUL TO SOCIETY Impact in close proximity to the local level Comprehensive impact solutions BP and CE, the first French banks to sign an agreement with the EIB: Impact home insurance The BP and CE are creating, with BPCE Assurances, an innovative initiative aimed at encoura
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: H1-25 Results: Reported net banking income
H1-25 RESULTS: REPORTED NET BANKING INCOME RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m +12% +8% +10% 8,335 7,464 4,212 6,477 3,913 5,899 +12% +2% +26% +25% +8% 2,232 2,496 716 1,681 1,716 567 481 386 429 461 BP & CE networks FSE Insurance Digital & RB&I CIB AWM GFS Payments RB&I
Slide 10: H1-25 Results: Positive jaws effect leading to improved cost to income ratio
H1-25 RESULTS: POSITIVE JAWS EFFECT LEADING TO IMPROVED COST TO INCOME RATIO REPORTED OPERATING EXPENSES IN €M +6% 179 69 8,662 90 8 14 4 20 8,159 120 H1-24 BP & CE FSE Insurance Digital & Other AWM CIB Corporate H1-25 networks Payments network center RB&I: • Increase in expenses in the 2 networks b
Slide 11: Q2-25 & H1-25 Results: Reported cost of risk/asset quality
Q2-25 & H1-25 RESULTS: REPORTED COST OF RISK/ASSET QUALITY COST OF RISK Total Stage 1/2 Stage 3 Groupe BPCE 651 560 596 559 (35) 34 (31) 97 (37) 527 595 488 627 554 596 523 (145) In €m 382 4 29 2 25 28 26 27 26 28 30 (2) (1) (2) 23 24 25 (7) 18 In bps(1) (1) 1 1 1 (3) 30 30 27 28 28 RB&I 26 23 28 25
Slide 12: Q2-25 & H1-25 Results: Reported Group P&L
Q2-25 & H1-25 RESULTS: REPORTED GROUP P&L % % STRONG ORGANIC DEVELOPMENT €m Q2-25 Q2-24 H1-25 H1-24 Change Change RESULTING IN A NET INCOME UP BY 21% VS. Q2-24 Net banking income 6,315 5,626 12% 12,619 11,379 11% Operating expenses (4,304) (4,008) 7% (8,662) (8,159) 6% Double digit growth in net rev
Slide 13: Capital and Liquidity
02 CAPITAL AND LIQUIDITY
Slide 14: 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 21bps Requirements as at July 1st, 2025 June 30, 2025 +22bps 16.3%(1) 16.2% (1)bps (11)bps CET1 ratio 16.3%(1) 10.59%(2) (ECB) Total capital ratio 19.1%(1) 14.65%(2) (E
Slide 15: Liquidity: 78% of 2025 funding plan already completed
LIQUIDITY: 78% OF 2025 FUNDING PLAN ALREADY COMPLETED(1,3) 2025 MLT WHOLESALE FUNDING PLAN Structure of MLT wholesale funding raised in 2025(2) TARGETS 28% FUNDING (excl. €17.9bn (78%) €23.0bn Unsecured bonds ABS*) TLAC Covered bonds €9.8bn (98%) €10.0bn 45% (TIER 2 + SENIOR NON PREF) ABS TIER 2 €2.
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, H1-24 H1-25 GOOD ADEQUACY OF CLIENT PRICING AND STRONG FINANCIAL PERFORMANCES Residential mortgages €4.3bn €7.9bn +83% stable (0.8)pp Average rate 4.0% 3.2% 302 302 39,600 new professional cl
Slide 18: Retail Banking & Insurance: Caisses d'Epargne
RETAIL BANKING & INSURANCE Caisses d’Epargne LOAN OUTSTANDINGS in €bn PRODUCTION SOLID DYNAMIC IN CREDIT WITH ADEQUATE CLIENT PRICING H1-24 H1-25 GOOD INFLOWS IN DEPOSITS & SAVINGS AND STRONG FINANCIAL PERFORMANCES Residential mortgages €8.2bn €11.1bn +1% +35% Average rate 4.1% 3.2% (0.9)pp 375 380
Slide 19: Retail Banking & Insurance: Financial Solutions & Expertise
RETAIL BANKING & INSURANCE Financial Solutions & Expertise % % BREAKDOWN OF REVENUES PER BUSINESS LINE in H1-25 €m(1) Q2-25 Change H1-25 Change Retail Banking services Consumer credit 7% Net banking income 388 39% 716 26% 25% 33% Retail securities services Operating expenses (211) 45% (388) 30% BPCE
Slide 20: 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, P&C AND LOAN GUARANTEES 1.7 119.3 10.9 +4% 3.5 10.5 +31% 1.5 +9% Life insurance AuM(2) close to €120bn up +6% 112.6 5.2 4.8 +45% +10% YTD driven by €5bn net inflows
Slide 21: Retail Banking & Insurance: Digital & Payments
RETAIL BANKING & INSURANCE Digital & Payments DIGITAL & AI 8.3 million (74%) of active main banking clients use digital services on mobile apps at end- June 2025 (+6% vs. H1-24) >400k sales initiated from digital channels at end-June 2025 YTD Digital NPS of B2C customer on mobile apps still >50 at e
Slide 22: Retail Banking & Insurance: Business Line P&L
RETAIL BANKING & INSURANCE Business Line P&L DOUBLE DIGIT GROWTH IN NET INTEREST INCOME THANKS TO STRONG ORGANIC DEVELOPMENT AND FINANCIAL EQUILIBRIUM WELL MANAGED % % €m(1) Q2-25 H1-25 Change Change Residential mortgages: +1% YoY to €394bn Net banking income 4,195 13% 8,335 12% Equipment loans: +3%
Slide 23: Global Financial Services: Corporate & Investment Banking
GLOBAL FINANCIAL SERVICES Corporate & Investment Banking NET REVENUES(1) in €m €1.2BN NET REVENUES IN Q2-25, UP 12% AT CONSTANT FX IMPROVED PROFITABILITY YOY 1,247 1,249 2,496 1,132 1,117 2,232 33 1,087 6 27 328 141 187 3 288 GLOBAL MARKETS 158 4 171 167 436 871 Net revenues: €1.3bn in H1-25 (+ 19 %
Slide 24: Global Financial Services: Asset & Wealth Management
GLOBAL FINANCIAL SERVICES Asset & Wealth Management AuM(1): almost stable YtD at €1,276bn including positive net inflows and market ASSETS UNDER MANAGEMENT(1) in €bn effect mitigated by a negative change effect AM flows(1): net inflows reached €22bn (including €16bn in Q2-25) mainly on fixed income
Slide 25: Global Financial Services: Business Line P&L
GLOBAL FINANCIAL SERVICES Business Line P&L STRONG QUARTER THANKS TO COMMERCIAL PERFORMANCES, Constant Constant NBI UP 9% IN Q2-25 (1) % % €m Q2-25 Fx % H1-25 Fx % Change Change change change Net banking income 2,109 6% 9% 4,212 8% 8% CIB o/w CIB 1,249 10% 12% 2,496 12% 12% Revenues reached €2.5bn i
Slide 26: Conclusion
04 CONCLUSION
Slide 27: Conclusion
CONCLUSION STRONG ORGANIC DEVELOPMENTS DISCIPLINED EXECUTION OF VISION 2030 Double digit growth in net revenues Leadership positions in France in Q2-25 Continued commercial expansion in RB&I RB&I Expansion in Europe 430,000 new clients YTD Life insurance AuM close to €120bn Dynamic commercial moment
Slide 28: Q2 & H1 2025 Annexes
AUGUST 5, 2025 Q2 & H1 2025 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 (1/4)
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 31: 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 32: 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 33: Notes on methodology (4/4)
NOTES ON METHODOLOGY (4/4) Digital indicators The number of active main banking clients use digital services on mobile apps corresponds to the number of individual clients who have made at least one visit via a mobile app in a given month. This metric only includes clients whose main banking activit
Slide 34: 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 35: 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 36: Q2-25 & Q2-24 reconciliation to alternative performance measures
Q2-25 & Q2-24 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 Q2-25 results 6,315 (4,304) (559) (12) 1,468 976 Business lines/Corpora
Slide 37: H1-25 & H1-24 reconciliation to alternative performance measures
H1-25 & H1-24 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 H1-25 results 12,619 (8,662) (1,210) (6) 2,786 1,811 Business lines/Cor
Slide 38: Q2-25 & Q2-24 underlying cost to income ratio
Q2-25 & Q2-24 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio Q2-25 reported figures 6,315 (4,304) Impact of exceptional items 1 (116) Q2-25 underlying figures 6,314 (4,187) 66.3% Net banking Operating Underlying €m income expenses cost
Slide 39: H1-25 & H1-24 underlying cost to income ratio
H1-25 & H1-24 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio H1-25 reported figures 12,619 (8,662) Impact of exceptional items 1 (177) H1-25 underlying figures 12,619 (8,485) 67.2% Net banking Operating Underlying €m income expenses cos
Slide 40: 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 Q2-25 Q2-24 Q2-25 Q2-24 pf Q2-25 Q2-24 pf Q2-25 Q2-24 % Net banking income 4,195 3,701 2,109 1,982 11 (57) 6,315 5,626 12% Operating expenses (2,596) (2,456)
Slide 41: Half-year income statement per business line
GROUPE BPCE: HALF-YEAR INCOME STATEMENT PER BUSINESS LINE RETAIL BANKING GLOBAL FINANCIAL CORPORATE GROUPE & INSURANCE SERVICES CENTER BPCE €m H1-25 H1-24 H1-25 H1-24 H1-25 H1-24 H1-25 H1-24 % Net banking income 8,335 7,464 4,212 3,913 73 2 12,619 11,379 11% Operating expenses (5,238) (5,002) (2,932
Slide 42: Groupe BPCE: Quarterly series
GROUPE BPCE: QUARTERLY SERIES GROUPE BPCE €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net banking income 5,753 5,626 5,892 6,046 6,305 6,315 Operating expenses (4,151) (4,008) (4,041) (4,184) (4,359) (4,304) Gross operating income 1,602 1,618 1,851 1,862 1,946 2,011 Cost of risk (382) (560) (523) (596) (
Slide 43: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES June 30, 2025 Dec. 31, 2024 June 30, 2025 Dec. 31, 2024 €m €m Cash and amounts due from central banks 119,723 133,186 Amounts due to central banks 11 1 Financial assets at fair value through profit or loss 245,865 230,521 Financial liabilities at fair va
Slide 44: Goodwill
GOODWILL Dec. 31, 2024 Acquisitions Disposals Conversion Others June 30, 2025 €m Retail Banking & Insurance entities 879 110 (24) 966 Asset & Wealth Management entities 3,280 (1) (188) 3,092 Corporate & Investment Banking entities 151 (13) 138 Total 4,312 110 (1) (201) (24) 4,197 R e s u l t s f o r
Slide 45: Statement of changes in shareholders' equity
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Equity attributable to €m shareholders’ equity January 1st, 2025 87,137 Distributions (725) Change in capital (cooperative shares) (295) Impact of acquisitions and disposals on non-controlling interests (minority interests) (27) Income 1,811 Changes in ga
Slide 46: Changes in regulatory capital and prudential ratios
FINANCIAL STRUCTURE: CHANGES IN REGULATORY CAPITAL AND PRUDENTIAL RATIOS REGULATORY CAPITAL (in €bn) (1) €m June 30, 2025 Dec. 31, 2024 86.3 86.1 12.6 12.2 Equity attribuable to shareholders’ equity 87.1 87.1 Tier-2 capital (3) Cancelation of hybrid securities in equity 29.6 29.6 - - Cooperative sha
Slide 47: 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 July 1st, 2025 requirement requirement buffer buffer (CCyB)
Slide 48: Prudential ratios and credit ratings
FINANCIAL STRUCTURE: PRUDENTIAL RATIOS AND CREDIT RATINGS Long-term senior preferred credit ratings June 30, 2025(1) Dec. 31, 2024 Dec. 31, 2023 (August 5, 2025) Total risk-weighed assets €452bn €457bn €458bn A+ stable outlook Common Equity Tier-1 capital €73.7bn €73.8bn €71.2bn A1 Tier-1 capital €7
Slide 49: 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) 33.8% 6.2% 27.6% 27.5% Eligible Senior Preferred debt 22.4% 8.0% Senior Non-Preferred 8.0% Senior Non-Preferred 3.3% 3.3% Tier 2 Tier 2 CET1 CET1 16.3% 16.3% 2025 TLAC June 30, 2025 20
Slide 50: Risk-weighted assets
RISK-WEIGHTED ASSETS(1) BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(2) (in €bn) 457 452 457 452 Other 9% 10% Operational Risk 8% 6% 3% 3% 21% 22% Global Financial Services Market Risk Retail Banking & 88% Credit Risk 87% Insurance 71% 72% Dec. 31, 2024 June 30, 2025 Dec. 31, 2024
Slide 51: Leverage ratio
LEVERAGE RATIO €bn June. 30, 2025(1) Dec. 31, 2024 Tier-1 capital 73.7 73.8 Balance sheet total(2) 1,616.6 1,584.6 Prudential restatements (130.2) (123.3) Prudential balance sheet total(2) 1,486.4 1,461.3 (3) Adjustments related to exposure to derivates (21.2) (19.0) Adjustments related to security
Slide 52: Financial conglomerate
FINANCIAL CONGLOMERATE Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +4.9 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 91.2 Insurance CR(1) (Solvency 2) (in €bn) 86.3 RESTATEMENTS APPLIED - 1 2 3 +4.7 75.2 Shift from a Cancellati
Slide 53: 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 329 328 190% 195% 177% 177% 183% 302
Slide 54: 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 Q2-25 Q2-24 % Q2-25 Q2-24 % Q2-25 Q2-24pf % Q2-25 Q2-24pf % Q2-25 Q2-24 % Q2-25 Q2-24 % Q2
Slide 55: Retail Banking & Insurance: Half-year income statement
RETAIL BANKING & INSURANCE: HALF-YEAR INCOME STATEMENT BANQUE POPULAIRE CAISSE D'EPARGNE FINANCIAL SOLUTIONS RETAIL BANKING & INSURANCE DIGITAL & PAYMENTS OTHER NETWORK NETWORK NETWORK & EXPERTISE INSURANCE €m H1-25 H1-24 % H1-25 H1-24 % H1-25 H1-24pf % H1-25 H1-24pf % H1-25 H1-24 % H1-25 H1-24 % H1
Slide 56: 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 Net banking income 3,763 3,701 3,869 4,064 4,140 4,195 Operating expenses (2,547) (2,456) (2,403) (2,497) (2,642) (2,596) Gross operating 1,217 1,245 1,467 1,567 1,498 1,599 income Cost of
Slide 57: 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 Net banking income 1,489 1,489 1,506 1,614 1,622 1,622 Operating expenses (1,043) (1,025) (999) (980) (1,080) (1,060) Gross operating income 445
Slide 58: Retail Banking & Insurance: Deposits & savings and loans
RETAIL BANKING & INSURANCE DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +1% 232 235 (2)% Sight deposits 3% Passbook savings accounts 244 1% Residential 236 (7)% Regulated home savings 394 391 mortages plans (2) 35% Deposits linked to group 3% Consumer loans 65 (1)
Slide 59: Banque Populaire network: Deposits & savings and loans
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +0% (1)% Sight deposits 121 122 2% Passbook savings accounts (3)% Regulated home savings plans 79 (1)% Residential 77 (1) 164 162 mortages 34% Deposits linked to grou
Slide 60: Caisse d'Epargne network: Deposits & savings and loans
RETAIL BANKING & INSURANCE: CAISSE D’EPARGNE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +1% 101 105 (4)% Sight deposits 164 158 4% Passbook savings accounts 225 228 (9)% Regulated home savings plans 48 2% Residential 52 21 35% Deposits linked to group is
Slide 61: 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 Net banking income 287 280 280 291 327 388 Operating expenses (153) (145) (142) (160) (177) (211) Gross operating income 134 135 139 131 150 177 Cost of risk (24) (22) (24)
Slide 62: 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 Net banking income 228 157 258 215 247 234 Operating expenses (50) (34) (50) (46) (47) (44) Gross operating income 178 124 209 169 199 190 Income before tax 181 130 209 172 200 194 Net
Slide 63: 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 Net banking income 215 214 218 227 229 232 Operating expenses (160) (159) (154) (173) (167) (166) Gross operating income 55 55 64 54 62 66 Cost of risk (31) (32) (30) (33) (31) (
Slide 64: 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 Net banking income 91 93 90 101 101 99 Operating expenses (55) (55) (51) (53) (59) (54) Gross operating income 37 38 39 48 43 44 Cost of risk (16) (17) (14) (15) (21) (4) Income before tax
Slide 65: 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 Q2-25 Q2-24 pf Q2-25 Q2-24 Q2-25 Q2-24 pf % Net banking income 1,249 1,132 860 850 2,109 1,982 6% Operating expenses (786) (693) (673) (673)
Slide 66: Global Financial Services: Half-yearly income statement per business line
GLOBAL FINANCIAL SERVICES: HALF-YEARLY INCOME STATEMENT PER BUSINESS LINE CORPORATE & ASSET AND WEALTH GLOBAL FINANCIAL INVESTMENT MANAGEMENT SERVICES BANKING €m H1-25 H1-24 H1-25 H1-24 H1-25 H1-24 % Net banking income 2,496 2,232 1,716 1,681 4,212 3,913 8% Operating expenses (1,576) (1,398) (1,355)
Slide 67: 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 Net banking income 1,931 1,982 1,975 2,055 2,103 2,109 Operating expenses (1,367) (1,365) (1,414) (1,501) (1,473) (1,459) Gross operating income 564 616 561 554 630 650 Cost of ri
Slide 68: 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 Net banking income 1,101 1,132 1,117 1,087 1,247 1,249 Operating expenses (705) (693) (750) (738) (790) (786) Gross operating income 396 439 367 349 457 463 Cost of risk
Slide 69: 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 Net banking income 830 850 858 968 856 860 Operating expenses (662) (673) (664) (763) (682) (673) Gross operating income 168 178 194 205 173 187 Cost of risk (5) 9 (2) 12 (9) 1 Income before
Slide 70: 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 Net banking income 58 (57) 48 (73) 62 11 Operating expenses (237) (187) (224) (186) (244) (249) Gross operating income (178) (244) (176) (259) (182) (238) Cost of risk (28) (2) (59) 46 (46) (22) Sh
Slide 71: Performing & non-performing loans and impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn June. 30, 2025 Dec. 31, 2024 Gross outstanding loans to customers and credit institutions 1,003.0 983.2 O/w S1 outstandings 839.6 823.9 O/w S2 outstandings 137.1 134.9 O/w S3 outstandings 26.2 24.3 Non-performing loans/gross outstanding loans 2.6%
Slide 72: 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 2 4 BP network 30 26 28 29 (1) 31 29 31 (2) 28 in bps(1) 24 (2) (1) 1 21 23 23 23 CE network (1) 18 17 22 24 (4) in bps(1) 19 19 (1) 1 1 1 RB&I 26 30 28 (3) 27 30 28 28 in bps(1) 23 25 22 28 52 55 61 67
Slide 73: Breakdown of gross exposures at June 30, 2025
BREAKDOWN OF GROSS EXPOSURES AT JUNE 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 30% 5% 2% 8%
Slide 74: groupeBPCE.com
groupeBPCE.com groupeBPCE.com