Third Quarter 2022 Results
9M22 Corporate Centre
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Revenues
Revaluation of proprietary credit risk included in derivatives (DVA) (+€202m), offset by a negative non-
recurring item in 1Q22
Reminder 9M21: +€58m capital gain on the sale of 4.99% in SBI Life
Operating expenses
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Increase in taxes subject to IFRIC 211 in 1Q22
Restructuring and adaptation costs: -€85m (-€103m in 9M21)
IT reinforcement costs: -€229m (-€107m in 9M21)
Cost of risk
Impact of the "Act on assistance to borrowers" in Poland: -€204m
Other non-operating items
Badwill (bpost bank): +€244m
Capital gain on the sale of a stake: +€204m
Impairment (Ukrsibbank): -€159m
Reclassification to profit and loss of exchange differences (Ukrsibbank)²: -€274m
9M21 reminders:
Capital gain on the sale of Allfunds shares³: +€444m
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Capital gain on the sale of buildings (exceptional item): +€302m
Goodwill impairments: -€149m
1. Booking in 1Q of almost the entire amount of taxes and contributions for the year, based on the application of IFRIC 21 "Taxes", including the estimated contribution to the Single Resolution Fund;
2. Previously recorded in Consolidated Equity; 3. Disposal of 8.69% stake in Allfunds
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Third quarter 2022 results | 77View entire presentation