Investor Presentaiton
GROUP RESULTS
In EUR m
Net banking income
Q1 23
Q1 22
Change
6,671
7,043
-5.3%
-3.8%*
Operating expenses
(5,057)
(5,131)
-1.4%
+0.3%*
Underlying operating expenses
(1)
(4,201)
(4,147)
+1.3%
+3.6%*
Gross operating income
1,614
1,912
-15.6%
Underlying gross operating income
(1)
2,470
2,896
-14.7%
Net cost of risk
(182)
(561)
-67.6%
-14.6%*
-14.1%*
-51.4%*
Operating income
1,432
1,351
+6.0%
-5.9%*
(1)
Underlying operating income
2,288
2,335
-2.0%
-8.7%*
Net profits or losses from other assets
(17)
2
n/s
n/s
Income tax
(328)
(333)
-1.6%
-4.0%*
Net income
1,092
1,020
+7.1%
-7.9%*
O.w. non-controlling interests
224
199
+12.6%
+12.4%*
Reported Group net income
868
821
+5.7%
-12.0%*
Underlying Group net income
(1)
1,508
1,538
-2.0%
-11.5%*
ROE
5.0%
5.1%
ROTE
5.7%
5.8%
Underlying ROTE
(1)
10.7%
11.6%
(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
NB: 2022 figures have been restated, in compliance with IFRS 17 and IFRS 9 for insurance entities
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023 12View entire presentation