Investor Presentaiton
LA
FIRST-HALF 2021 CONSOLIDATED INCOME STATEMENT
BANQUE
POSTALE
(Єm)
Net banking income
Operating expenses
Gross operating profit
Cost-income ratio
H1 2020
reported
H1 2021
reported
3,793
3,974
+9%(1)
(2,710)
(3,143)
+3.1% (2)
1,083
831
71.9%
79.7%
Cost of risk
(228)
(98)
/ 2.2
Operating profit
855
733
Changes in goodwill (and gains/losses on other assets)
2,998
2
Share of profits of equity-accounted companies
663
30
Pre-tax profit
4,516
765
Net profit
4,201
465
Book attributable net profit
4,001
282
Attributable net profit
excluding first-time consolidation entries in 2020 and reversals of
purchase price allocations
468
499
+7%
Underlying cost-income ratio (1) (2)
RONE (3)
73.0%
8.0%
69.1%
8.2%
-3.9 pts
+19 bps
(1) Underlying net banking income, after restatement for changes in consolidation scope, currency effects, reversals of purchase price allocations, PEL/CEL effect and ALM methodological review in 2020
(2) Underlying operating expenses, after restatement for changes in consolidation scope and currency effects (CNP Assurances), reversals of purchase price allocations, SRF/FGDR contributions
(3) RONE = Attributable net profit/Average risk-weighted assets capitalised at 14% (computed excluding badwill and PPA)
Investor presentation / December 2021
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