Investor Presentaiton
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES
RESULTS
Revenues
+15.3%* vs. Q1 22
International Retail Banking revenues +6.5%*
vs. Q1 22
Insurance and Financial Services revenues
+29.6%* vs. Q1 22
Operating expenses
+13.5%*(1) vs. Q1 22
including ALD costs for the preparation of the
integration of LeasePlan
In EURM
Net banking income
RONE
Underlying RONE
Q1 23
Q1 22
Change
2,206
2,071
+6.5%
+15.3%*
Operating expenses
(1,108)
(1,083)
+2.3%
+12.2%*
(1)
Underlying operating expenses
(1,039)
(1,011)
+2.8%
+13.5%*
Gross operating income
1,098
988
+11.1%
+18.6% *
Underlying gross operating income
Net cost of risk
(1)
1,167
1,060
+10.1%
+17.0%*
(91)
(325)
-72.0%
Operating income
1,007
663
+51.9%
Net profits or losses from other assets
(1)
2
Reported Group net income
564
361
n/s
+56.2%
Underlying Group net income
(1)
600
400
+50.1%
-31.9%*
+26.6%*
n/s
+19.6%*
+17.6%*
21.4%
13.1%
(1)
22.7%
14.5%
Q1 23 RONE 22.7% (1)
(1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement)
* When adjusted for changes in Group structure and at constant exchange rates (excluding activities sold in Russia)
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