Investor Presentaiton
FRENCH RETAIL BANKING RESULTS
Revenues
-9.5% excl. PEL/CEL vs. Q1 22
Net interest margin excl. PEL/CEL and other
-18% vs. Q1 22
Fees stable vs. Q1 22
Operating expenses
-2.0% vs. Q1 22
In EUR m
Q1 23
Q1 22
Change
Net banking income
1,932
2,170
-11.0%
Net banking income excl. PEL/CEL
1,942
2,147
-9.5%
Operating expenses
(1,664)
(1,698)
-2.0%
Underlying operating expenses
(1)
(1,535)
(1,528)
+0.5%
Gross operating income
268
472
-43.2%
Underlying gross operating income
(1)
397
642
-38.2%
Net cost of risk
(89)
(47)
+89.4%
Operating income
179
425
-57.9%
Net profits or losses from other assets
5
0
n/s
Reported Group net income
138
316
-56.3%
RONE
Underlying Group net income
Underlying RONE
(1)
233
442
-47.2%
(1)
4.5%
7.5%
10.7%
15.0%
Q1 23 RONE 7.5% (1)
(1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement) including PEL/CEL
NB: 2022 figures have been restated, in compliance with IFRS 17 and IFRS 9 for insurance entities
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023View entire presentation