2nd Quarter and 1st Half 2022 Results
STRONG UNDERLYING RESULTS
GROUP NET INCOME
EUR 1.5bn (¹)
-EUR 1.5bn reported
incl. the impact of the Russian disposal
for EUR 3.3bn before tax
in Q2 22
ROTE
10.5%(1)
in Q2 22
Excellent business
performance
Revenues
(+13.4%*)
+12.8%
vs. Q2 21
Record quarter for private banking,
F&A, ALD and international retail
Strong performance in Global Markets
Solid commercial activity in
French retail
Cost/income ratio
61.8%(2)
in Q2 22
High asset
quality
Cost of risk
15 bps
in Q2 22
Limited defaults
High level of S1/S2
provisions
Solid
capital
CET 1
12.9% (3)
at end of Q2 22
~360 bps over MDA
Launch of the 2021 share
buy-backs
~ EUR 915m
Provision for
2022 distribution
~EUR 1.44 (4)
per share at H1-22
H1 22 underlying Group net result (1) of EUR 3.1bn (+16.3% vs. H1 21)
H1 22 reported Group net result of -EUR 640m
(1) Underlying data: adjusted for exceptional items (see Supplement) (2) Underlying and excluding the contribution to the Single Resolution Fund
(3) Including IFRS9 phasing, 12.8% fully-loaded (4) Based on a payout of 50% of the underlying group net income after deduction of interest on deeply subordinated notes and undated subordinated notes
*When adjusted for changes in Group structure and at constant exchange rates
SOCIETE
GENERALE
2ND QUARTER AND 1ST HALF 2022 RESULTS |3 AUGUST 2022View entire presentation