Investor Presentaiton
GOOD MOMENTUM IN NET BANKING INCOME
+9.0%
3,956
3,974
3,793
3,628
170
20
52
106
(445)
443
H1 2020 NBI
H1 2020 NBI Net interest margin
underlying
Fees and
commissions/Other
Insurance
H1 2021 NBI
underlying
PEL/CEL provision PPA adjustments
CNP Assurances
Changes in scope
and currency effects
CNP Assurances
H1 2021 NBI
Net banking income up 9.0% (1):
Despite the €106m negative impact on the deposit margin attributable to
the unfavourable interest rate environment, net interest margin rose
4.5% thanks to the retail and commercial lending businesses' resilience
(credit margin up €67m)
-
Fee and commission income rose 9%, reflecting bank charges and fees
for current account services, as well as wealth management and real
estate advisory fees
Net insurance revenue: improved revenue reflecting robust business
volumes, increased technical reserves and an 11.0% growth in the own-
funds portfolio
LA
BANQUE
POSTALE
Investor presentation / December 2021
(1) Excluding changes in consolidation scope, currency effects, reversals of purchase price allocations, PEL/CEL effect and ALM methodological review in 2020
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