2nd Quarter and 1st Half 2022 Results
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS
Revenues
+18.3% vs. Q2 21
driven by strong performance across
businesses
Operating expenses
+8.1%(¹) vs. Q2 21, +4.7% (1) excl. SRF (2)
C/I ratio (¹) excl. SRF (2)
62.2%
High positive jaws
In EURm
Q2 22
Q2 21
Variation
H1 22
H121
Variation
Net banking income
2,563
2,166
Operating expenses
(1,565)
(1,498) +4.5%
Underlying operating expenses
(1)
(1,755)
(1,623) +8.1%
Gross operating income
998
668
(1)
Underlying gross operating income
808
543
Net cost of risk
(69)
(15)
Operating income
929
653
+7.1%* (3,366)
+49.4% +43.8%* 1,581
+48.9% +42.1%* 1,952
x 4.6
+42.3%
+18.3% +16.1%* 5,318 4,499
+3.4%* (3,737) (3,391)
(3,149)
1,108
+18.2% +16.5%*
+10.2% +10.3%*
+6.9% +7.0%*
+42.7% +34.3%*
1,350
+44.6%
+37.5%*
X4.2*
(263)
(18)
x 14.6
x 14.2*
Reported Group net income
742
506
Underlying Group net income
RONE
(1)
596
Underlying RONE
(1)
410
20.3% 14.9%
16.3% 12.1%
+37.1%*
+46.6% +41.2%*
853
+45.3% +38.6%* 1,329 1,039
14.5% 12.6%
15.4%
1,318
1,090
+20.9%
+13.7%*
1,044
+22.4% +15.2%*
+27.9% +21.7%*
18.5%
Q2 22 RONE 16.3% (1) (20.6% (1) excl. SRF(2))
(1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement)
(2) Single Resolution Fund
*When adjusted for changes in Group structure and at constant exchange rates
NB: excluding Private banking activities as per Q122 restatement (France and International). Excludes other businesses transferred following the disposal of Lyxor
SOCIETE
GENERALE
2ND QUARTER AND 1ST HALF 2022 RESULTS |3 AUGUST 2022View entire presentation