Natixis — Groupe BPCE — Q1 2025 Earnings Presentation
66 slides from Natixis's earnings presentation, May 6, 2025
Slide 1: Groupe BPCE Q1 2025 Results
MAY 6, 2025 GROUPE BPCE Q1 2025 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: Revenues up 10% and net income at €910m, +4% YoY
REVENUES UP 10% AND NET INCOME(1) AT €910M, +4% YOY SWIFT AND DISCIPLINED EXECUTION OF VISION 2030 DEVELOPMENTS PERFORMANCE RB&I Net revenues at €6.3bn, +10% in Q1-25 YoY Solid commercial activities achieved by BP & CE networks; Underlying C/I ratio at 68.2%, -3.3pp in Q1-25 YoY 230,000 new clients
Slide 4: A group mobilized to decarbonize the economy and make impact accessible
A GROUP MOBILIZED TO DECARBONIZE THE ECONOMY AND COMMITTED TO MAKE IMPACT ACCESSIBLE TO ALL Decarbonization pathways Impact solutions for our clients Publication of our commitments on funded Impact-driven real estate Loan emissions and on supporting our clients in their Banques Populaires and Caisse
Slide 5: Summary
Summary 01 Groupe BPCE results 02 Capital and liquidity 03 Business line results 04 Conclusion
Slide 6: Groupe BPCE Results
01 GROUPE BPCE RESULTS
Slide 7: Q1-25 Results: Reported Net Banking Income
Q1-25 RESULTS: REPORTED NET BANKING INCOME RETAIL BANKING & INSURANCE in €m GLOBAL FINANCIAL SERVICES in €m +10% +9% +10% 4,140 3,763 +13% +3% 3,235 2,103 2,942 +14% +8% +7% 1,931 327 1,101 1,247 287 247 830 856 228 215 229 BP & CE networks FSE Insurance Digital & RB&I CIB AWM GFS Payments RB&I(1) G
Slide 8: Q1-25 Results: Reported Operating Expenses
Q1-25 RESULTS: REPORTED OPERATING EXPENSES OPERATING EXPENSES in €m +5% 63 24 7 4 20 86 7 4,359 4,151 (3) Q1-24 BP & CE FSE Insurance Digital & Other AWM CIB Corporate Q1-25 networks Payments network center RB&I: • Limited increase in expenses in the 2 networks, +3% YoY, with strong jaws effect • Ex
Slide 9: Q1-25 Results: Reported Cost of Risk/Asset Quality
Q1-25 RESULTS: REPORTED COST OF RISK/ASSET QUALITY COST OF RISK Total Stage 1/2 Stage 3 Groupe BPCE 651 34 97 527 595 488 627 554 560 596 (35) (31) 523 (145) In €m 382 2 4 26 28 (2) (1) 25 28 29 24 30 23 26 18 (7) In bps(1) RB&I (1) 1 1 1 30 30 23 27 28 26 28 (7) 22 in bps(1) 16 23 52 55 28 61 67 CI
Slide 10: Q1-25 Results: Reported Group P&L
Q1-25 RESULTS: REPORTED GROUP P&L STRONG MOMENTUM IN Q1-25 % €m Q1-25 Q1-24 RESULTING IN A 21% RISE IN GOI Change Net banking income 6,305 5,753 10% Net revenues up 10% in Q1-25 to €6.3bn driven by the Operating expenses (4,359) (4,151) 5% strong momentum of all businesses over the first quarter Net
Slide 11: Capital and Liquidity
02 CAPITAL AND LIQUIDITY
Slide 12: Capital and Loss-Absorbing Capacity
CAPITAL AND LOSS-ABSORBING CAPACITY HIGH LEVEL OF CAPITAL Change in the CET 1 ratio (in bps) Actual level Requirements as at +18bps +14bps +1bps +36bps April 1st, 2025 16.2% +1bp 16.2%(1) March 31, 2025 (16)bps (48)bps CET1 ratio 10.59%(2) 16.2%(1) (ECB) CET1 ratio at Earnings Change in Issuance of
Slide 13: Liquidity: 53% of 2025 Funding Plan Already Completed
LIQUIDITY: 53% OF 2025 FUNDING PLAN ALREADY COMPLETED(1,3) 2025 MLT WHOLESALE FUNDING PLAN Structure of MLT wholesale funding raised in 2025(2) TARGETS FUNDING (excl. €12.1bn (53%) 28% €23.0bn Unsecured bonds ABS*) TLAC 49% Covered bonds (TIER 2 + SENIOR €7.5bn (75%) €10.0bn NON PREF) ABS TIER 2 €1.
Slide 14: Business Line Results
03 BUSINESS LINE RESULTS
Slide 15: Retail Banking & Insurance: Banques Populaires
RETAIL BANKING & INSURANCE Banques Populaires LOAN OUTSTANDINGS in €bn PRODUCTION DYNAMIC BUSINESS ACTIVITY GOOD ADEQUACY OF CLIENT PRICING Q1-24 Q1-25 ACROSS ALL SEGMENT Residential mortgages €1.8bn €3.3bn +84% stable (0.9)pp 22,300 new professional clients YTD Average rate 4.2% 3.3% 2,600 new corp
Slide 16: Retail Banking & Insurance: Caisses d'Epargne
RETAIL BANKING & INSURANCE Caisses d’Epargne LOAN OUTSTANDINGS in €bn PRODUCTION SOLID DYNAMIC IN CREDIT GOOD ADEQUACY OF CLIENT PRICING Q1-24 Q1-25 ACROSS ALL SEGMENT Residential mortgages €3.5bn STRONG INFLOWS IN DEPOSITS & SAVINGS €4.8bn +37% +1% Average rate 4.3% 3.3% (1)pp 372 378 Consumers loa
Slide 17: Retail Banking & Insurance: Financial Solutions & Expertise
RETAIL BANKING & INSURANCE Financial Solutions & Expertise % BREAKDOWN OF REVENUES PER BUSINESS LINE in Q1-25 €m(1) Q1-25 Change Consumer credit Net banking income 327 14% 27% 8% Operating expenses (177) 16% Retail securities services Gross operating income 150 12% BPCE Lease Cost of risk (38) 57% (
Slide 18: 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 5.7 5.7 +1% INSURANCE AUM 1.0 116.4 1.9 GROSS INFLOWS REMAIN HIGH 0.9 +19% 112.6 +10% Life insurance AuM(2): up +3% YTD to €116.4bn driven by positive net inflows (€2.8bn) (1)%
Slide 19: Retail Banking & Insurance: Digital & Payments
RETAIL BANKING & INSURANCE Digital & Payments DIGITAL & AI % €m(1) Q1-25 Change 8.2 million (74%) of active main banking clients use digital services on mobile apps at end- March 2025 (+6% vs. Q1-24) Net banking income 229 7% Operating expenses (167) 5% >200,000 sales initiated from digital channels
Slide 20: Retail Banking & Insurance: Business Line P&L
RETAIL BANKING & INSURANCE Business Line P&L THANKS TO SOLID COMMERCIAL DEVELOPMENT, GOOD ADEQUACY OF PRICING AND RELEVANT LIABILITY MANAGEMENT, STRONG REBOUND IN NET INTEREST % INCOME AS ANTICIPATED €m(1) Q1-25 Change Residential mortgages: stable YoY to €401bn Net banking income 4,140 10% Equipmen
Slide 21: Global Financial Services: Corporate & Investment Banking
GLOBAL FINANCIAL SERVICES Corporate & Investment Banking NET REVENUES(1) in €m 1,132 1,087 1,247 RECORD LEVEL IN REVENUES, €1.2BN IN Q1-25, UP 13% YOY 1,101 1,117 6 ACROSS THE BOARD 141 IMPROVED PROFITABILITY YOY 42 158 4 131 171 167 436 462 406 436 466 GLOBAL MARKETS 202 Net revenues: €675m in Q1-2
Slide 22: Global Financial Services: Asset & Wealth Management
GLOBAL FINANCIAL SERVICES Asset & Wealth Management ASSETS UNDER MANAGEMENT(1) in €bn AuM(1): stand at €1,260bn including positive net inflows and a significant negative change effect 6 AM flows(1): net inflows reached €7bn in Q1-25 mainly on fixed income 1,287 1 products driven by Loomis Sayles and
Slide 23: Global Financial Services: Business Line P&L
GLOBAL FINANCIAL SERVICES Business Line P&L STRONG COMMERCIAL AND FINANCIAL PERFORMANCE Constant DELIVERED BY THE GLOBAL BUSINESSES % €m(1) Q1-25 Fx % Change change Net banking income 2,103 9% 8% CIB o/w CIB 1,247 13% 12% Revenues reached €1,247m in Q1-25 up 13% YoY driven by the strong o/w AWM 856
Slide 24: Conclusion
04 CONCLUSION
Slide 25: Conclusion
CONCLUSION STRONG PERFORMANCES DISCIPLINED EXECUTION OF VISION 2030 +10% revenues in Q1-25 Leadership positions in France Continued expansion in RB&I footprint RB&I Launch in February 2025 of Estreem to build a major French and European actor in payment processing 230,000 new clients YTD Life insura
Slide 26: Annexes
MAY 6, 2025 Q1 2025 Results ANNEXES
Slide 27: 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 28: 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 29: 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 30: 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 31: 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 customers who have made at least one visit via a mobile app in a given month. This metric only includes customers whose main banking act
Slide 32: 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 33: 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 34: Reconciliation of Reported Data to Alternative Performance Measures
Q1-25 & Q1-24 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 Q1-25 results 6,305 (4,359) (651) 6 1,318 835 Business lines/Corporate
Slide 35: Underlying Cost to Income Ratio
Q1-25 & Q1-24 RESULTS: UNDERLYING COST TO INCOME RATIO Net banking Operating Underlying €m income expenses cost income ratio Q1-25 reported figures 6,305 (4,359) Impact of exceptional items (61) Q1-25 underlying figures 6,305 (4,298) 68.2% Net banking Operating Underlying €m income expenses cost inc
Slide 36: 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 Q1-25 Q1-24 Q1-25 Q1-24 pf Q1-25 Q1-24 pf Q1-25 Q1-24 % Net banking income 4,140 3,763 2,103 1,931 62 58 6,305 5,753 10% Operating expenses (2,642) (2,547) (
Slide 37: Groupe BPCE: Quarterly Series
GROUPE BPCE: QUARTERLY SERIES GROUPE BPCE €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net banking income 5,753 5,626 5,892 6,046 6,305 Operating expenses (4,151) (4,008) (4,041) (4,184) (4,359) Gross operating income 1,602 1,618 1,851 1,862 1,946 Cost of risk (382) (560) (523) (596) (651) Income before tax 1,2
Slide 38: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET ASSETS LIABILITIES March 31, 2025 Dec. 31, 2024 March 31, 2025 Dec. 31, 2024 €m €m Cash and amounts due from central banks 129,794 133,186 Amounts due to central banks 4 1 Financial assets at fair value through profit or loss 228,676 230,521 Financial liabilities at fair v
Slide 39: Statement of Changes in Shareholders' Equity
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Equity attributable to €m shareholders’ equity January 1st, 2025 87,137 Distributions 0 Change in capital (cooperative shares) 235 Impact of acquisitions and disposals on non-controlling interests (minority interests) (8) Income 835 Changes in gains & los
Slide 40: Changes in Regulatory Capital and Prudential Ratios
FINANCIAL STRUCTURE: CHANGES IN REGULATORY CAPITAL AND PRUDENTIAL RATIOS REGULATORY CAPITAL (in €bn) (1) €m March 31, 2025 Dec. 31, 2024 87.0 86.1 13.8 12.2 Equity attribuable to shareholders’ equity 87.9 87.1 Tier-2 capital Cancelation of hybrid securities in equity 29.6 29.6 - - Cooperative shares
Slide 41: 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 April 1st, 2025 requirement requirement buffer buffer (CCyB)
Slide 42: Prudential Ratios and Credit Ratings
FINANCIAL STRUCTURE: PRUDENTIAL RATIOS AND CREDIT RATINGS Long-term senior preferred credit ratings March 31, 2025(1) Dec. 31, 2024 Dec. 31, 2023 (May 6, 2025) Total risk-weighed assets €451bn €457bn €458bn A+ stable outlook Common Equity Tier-1 capital €73.2bn €73.8bn €71.2bn A1 Tier-1 capital €73.
Slide 43: 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) 34.7% 6.7% 28.0% 27.3% Eligible Senior Preferred debt 22.4% 7.9% Senior Non-Preferred 7.9% Senior Non-Preferred 3.9% 3.9% Tier 2 Tier 2 CET1 CET1 16.2% 16.2% 2025 TLAC March 31, 2025 2
Slide 44: Risk-Weighted Assets
RISK-WEIGHTED ASSETS(1) BREAKDOWN PER BUSINESS LINE (in €bn) BREAKDOWN PER TYPE OF RISK(2) (in €bn) 457 451 457 451 Other 9% 10% Operational Risk 8% 7% 3% 3% 21% 21% Global Financial Services Market Risk Retail Banking & 88% Credit Risk 87% Insurance 71% 72% Dec. 31, 2024 March 31, 2025 Dec. 31, 202
Slide 45: Leverage Ratio
LEVERAGE RATIO €bn March. 31, 2025(1) Dec. 31, 2024 Tier-1 capital 73.2 73.8 Balance sheet total(2) 1,599.7 1,584.6 Prudential restatements (125.8) (123.3) Prudential balance sheet total(2) 1,474.0 1,461.3 (3) Adjustments related to exposure to derivates (13.8) (19.0) Adjustments related to security
Slide 46: Financial Conglomerate
FINANCIAL CONGLOMERATE Financial conglomerate FINANCIAL CONGLOMERATE RATIO CRR/CRD IV(2) Restatements viewpoint viewpoint +4.4 Banking CR (1) (CRR/CRD IV) Regulatory capital + Total capital 91.4 Insurance CR(1) (Solvency 2) (in €bn) 87.0 RESTATEMENTS APPLIED - 1 2 3 +4.7 74.8 Shift from a Cancellati
Slide 47: 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 329 328 186% 190% 195% 324 177% 177%
Slide 48: 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 Q1- Q1- €m Q1-25 Q1-24 % Q1-25 Q1-24 % Q1-25 % Q1-25 % Q1-25 Q1-24 % Q1-25 Q1-24 % Q1-25 Q1-2
Slide 49: Retail Banking & Insurance: Quarterly Series
RETAIL BANKING & INSURANCE: QUARTERLY SERIES RETAIL BANKING & INSURANCE €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net banking income 3,763 3,701 3,869 4,064 4,140 Operating expenses (2,547) (2,456) (2,403) (2,497) (2,642) Gross operating income 1,217 1,245 1,467 1,567 1,498 Cost of risk (296) (475) (423) (55
Slide 50: 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 Net banking income 1,489 1,489 1,506 1,614 1,622 Operating expenses (1,043) (1,025) (999) (980) (1,080) Gross operating 445 464 508 634 542 income Cos
Slide 51: Retail Banking & Insurance: Deposits & Loans
RETAIL BANKING & INSURANCE DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +1% 236 236 0% Sight deposits 4% Passbook savings accounts 241 (7)% Regulated home savings 232 plans 41% Deposits linked to group 400 401 issuances(1) 67 72 1% Term accounts 30 0% Residential
Slide 52: Banque Populaire Network
RETAIL BANKING & INSURANCE: BANQUE POPULAIRE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +0% 1% Sight deposits 121 119 3% Passbook savings accounts (4)% Regulated home savings plans 77 (1)% Residential mortages 75 (1) 165 37% Deposits linked to group issu
Slide 53: Caisse d'Epargne Network
RETAIL BANKING & INSURANCE: CAISSE D’EPARGNE NETWORK DEPOSITS & SAVINGS (in €bn) LOAN OUTSTANDINGS (in €bn) Change YoY Change YoY +2% +1% 105 107 (2)% Sight deposits 162 4% Passbook savings accounts 156 230 233 (8)% Regulated home savings plans 48 52 1% Residential mortages 22 42% Deposits linked to
Slide 54: FSE Quarterly Series
RETAIL BANKING & INSURANCE: FSE QUARTERLY SERIES FINANCIAL SOLUTIONS & EXPERTISE M€ Q1-24pf Q2-24pf Q3-24pf Q4-24pf Q1-25 Net banking income 287 280 280 291 327 Operating expenses (153) (145) (142) (160) (177) Gross operating income 134 135 139 131 150 Cost of risk (24) (22) (24) (38) (38) Income be
Slide 55: 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 Net banking income 228 157 258 215 247 Operating expenses (50) (34) (50) (46) (47) Gross operating income 178 124 209 169 199 Income before tax 181 130 209 172 200 Net income – Group share 1
Slide 56: Digital & Payments Quarterly Series
RETAIL BANKING & INSURANCE: DIGITAL & PAYMENTS QUARTERLY SERIES DIGITAL & PAYMENTS €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net banking income 215 214 218 227 229 Operating expenses (160) (159) (154) (173) (167) Gross operating 55 55 64 54 62 income Cost of risk (31) (32) (30) (33) (31) Income before tax 24
Slide 57: Other Network Quarterly Series
RETAIL BANKING & INSURANCE: OTHER NETWORK QUARTERLY SERIES OTHER NETWORK €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net banking income 91 93 90 101 101 Operating expenses (55) (55) (51) (53) (59) Gross operating 37 38 39 48 43 income Cost of risk (16) (17) (14) (15) (21) Income before tax 20 25 25 33 22 Net i
Slide 58: 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 Q1-25 Q1-24 Q1-25 Q1-24 pf Q1-25 Q1-24 pf % Net banking income 856 830 1,247 1,101 2,103 1,931 9% Operating expenses (682) (662) (790) (705)
Slide 59: 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 Net banking income 1,931 1,982 1,975 2,055 2,103 Operating expenses (1,367) (1,365) (1,414) (1,501) (1,473) Gross operating income 564 616 561 554 630 Cost of risk (58) (82) (41) (86) (
Slide 60: 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 Net banking income 1,101 1,132 1,117 1,087 1,247 Operating expenses (705) (693) (750) (738) (790) Gross operating income 396 439 367 349 457 Cost of risk (54) (91) (39) (98) (
Slide 61: Asset & Wealth Management: Quarterly Series
ASSET & WEALTH MANAGEMENT: QUARTERLY SERIES ASSET & WEALTH MANAGEMENT €m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net banking income 830 850 858 968 856 Operating expenses (662) (673) (664) (763) (682) Gross operating income 168 178 194 205 173 Cost of risk (5) 9 (2) 12 (9) Income before tax 163 187 192 217 17
Slide 62: 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 Net banking income 58 (57) 48 (73) 62 Operating expenses (237) (187) (224) (186) (244) Gross operating income (178) (244) (176) (259) (182) Cost of risk (28) (2) (59) 46 (46) Share in income of associate
Slide 63: Performing & Non-Performing Loans and Impairment
PERFORMING & NON-PERFORMING LOANS AND IMPAIRMENT €bn March. 31, 2025 Dec. 31, 2024 Gross outstanding loans to customers and credit institutions 999.4 983.2 O/w S1 outstandings 838.9 823.9 O/w S2 outstandings 135.0 134.9 O/w S3 outstandings 25.5 24.3 Non-performing loans/gross outstanding loans 2.5%
Slide 64: 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 30 35 2 2 4 BP network 16 26 28 (8) (1) 24 28 31 29 24 in bps(1) CE network 22 (2) (1) (1) 1 20 21 23 23 19 17 24 (9) 18 in bps(1) 11 (1) 1 1 1 RB&I 26 30 28 (7) 30 16 23 27 28 in bps(1) 23 22 52 55 28 61 67
Slide 65: Breakdown of Gross Exposures at March 31, 2025
BREAKDOWN OF GROSS EXPOSURES AT MARCH 31, 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% 8% 2%
Slide 66: groupeBPCE.com
groupeBPCE.com groupeBPCE.com