Investor Presentaiton
LA BANQUE POSTALE: INVESTMENT CASE
A LARGE AND DIVERSIFIED BANCASSURER
11th largest bank in the
Eurozone with total assets
of €754bn and NBI of €4.0bn
100% owned by Groupe La
Poste (in turn 66%-owned
by Caisse des Dépôts and 34%
by the French state)
10.2 million active retail customers
in France (1)
An international footprint through CNP
Assurances (2)
A balanced mix of businesses:
Bancassurance France: 60% (3)
International Bancassurance: 12 %
Wealth and Asset Management: 6%
Corporate and Investment Banking: 22%
2030 STRATEGIC PLAN: 2025 TARGETS
NBI
>3% (2020-2025 CAGR)
20% generated internationally
C/I RATIO
-10 points
RWA
Controlled growth at 3.5% (2020-2025 CAGR)
RONE
of 8% in 2023 (4)
LA
BANQUE
POSTALE
H1 2021: STRONG BUSINESS MOMENTUM IN A STILL
UNCERTAIN ENVIRONMENT
Higher profit:
Attributable net profit: +7% at €499m (5)
Very robust balance sheet
structure:
-
-
NBI: +9% to €3,956 million
Improved C/I ratio at 69.1% (-3.9 pts)
RONE of 8.2%
Cost of risk at a low 13 bps in an
environment shaped by a gradual
recovery from the crisis
Investor presentation / December 2021
Solid CET1 ratio of 20.2%
Solvency II ratio of 219%
for CNP Assurances
Very strong liquidity position: LCR of
220%
-
Robust NSFR at 146%
JUST TRANSITION: A HEIGHTENED CSR COMMITMENT
Customers
Successful community
consultation promoted
through a new
advertising campaign
Innovative
community offers
Community
-
Broader access to
positive-impact finance
The European
Commission approved in
principle the payment to
La Banque Postale of
€1.77bn in consideration
of its public service
mission for 2021-2026
Co-workers
Launch of an internal
participative
consultation
process to increase
La Banque Postale's
community
engagement
Data as of 30 June 2021 unless specified
(1) Core customers whose income is paid into their La Banque Postale account and who have purchased one or more products
(2) 62.84%-owned; On 28 October 2021, La Banque Postale announced its intention to acquire CNP Assurances' shares held by Groupe BPCE and to file a simplified public tender
offer with the AMF for CNP Assurances' minority shareholders at the price of €21.90 per share with the intention of ultimately implementing a squeeze-out if conditions are met
(3) As a % of Attributable net profit generated by business segments (4) Excluding Basel IV impact (5) Excluding first-time consolidation entries and PPA adjustments
5View entire presentation