Investor Presentaiton
GROUP RESULTS
In EURM
Net banking income
Q422
Q421
Change
2022
2021
Change
6,885
6,620
+4.0%
+6.2%*
28,059
25,798
+8.8%
+9.7%*
Underlying net banking income (¹)
6,885
6,503
+5.9%
+8.1%*
28,059
25,681
+9.3%
+10.2%*
Operating expenses
(4,610)
(4,565)
+1.0%
+3.3%*
(18,630)
(17,590)
+5.9%
+7.5%*
Underlying operating expenses (1)
(4,718)
(4,617)
+2.2%
+4.5%*
(17,991)
(17,211)
+4.5%
+6.1%*
Gross operating income
2,275
2,055
+10.7%
+12.5%*
9,429
8,208
+14.9%
+14.4%*
Underlying gross operating income (1)
2,167
1,886
+14.9%
+16.9%*
10,068
8,470
+18.9%
+18.4%*
Net cost of risk
(413)
(86)
x4.8
X6.3*
(1,647)
(700)
x2.4
+93.0%*
Operating income
1,862
1,969
-5.4%
-4.7%*
7,782
7,508
+3.6%
+5.3%*
Underlying operating income (1)
1,754
1,800
-2.6%
-1.7%*
8,421
7,770
+8.4%
+10.1%*
Net profits or losses from other assets
(4)
449
n/s
n/s
(3,290)
635
n/s
n/s
Income tax
(484)
(311)
+55.5%
+55.5%*
(1,560)
(1,697)
-8.1%
-5.8%*
Net income
1,381
1,995
-30.8%
-30.2%*
2,947
6,338
-53.5%
-53.2%*
O.w. non-controlling interests
221
208
+6.3%
+7.6%*
929
697
+33.3%
+32.3%*
Reported Group net income
1,160
1,787
-35.1%
-34.5%*
2,018
5,641
-64.2%
-64.0%*
Underlying Group net income (¹)
1,126
1,226
-8.1%
-7.2%*
5,616
5,264
+6.7%
+7.9%*
ROE
6.9%
12.1%
2.6%
9.6%
ROTE
7.8%
16.6%
2.9%
11.7%
Underlying ROTE (1)
7.6%
9.2%
9.6%
10.2%
(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
SOCIETE
GENERALE
4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023
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