Third Quarter 2022 Results
CPBS Specialised Businesses - 9M22
New Digital Businesses and Personal Investors
€m
New Digital Businesses & Personal Investors
Revenues
Operating Expenses and Dep.
Gross Operating Income
Cost of Risk
Operating Income
Share of Earnings of Equity-Method Entities
Other Non Operating Items
Pre-Tax Income
Income Attributable to Wealth and Asset Management
Pre-Tax Income of New Digital Businesses & Personal Investors
Cost/Income
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Germany)
3Q22
3Q21
3Q22/
2Q22
3Q22/
9M22
9M21
9M22 /
3Q21
2Q22
9M21
-149
1742220♡ON
177
+11.4%
217
-9.1%
619
560
+10.5%
-130
+14.9%
-139
+7.0%
-420
-370
+13.6%
48
47
+1.7%
77
-38.1%
198
190
+4.5%
-23
-1
n.s.
-23
-0.0%
-58
-4
n.s.
25
46
-45.4%
54
-54.1%
140
186
-24.6%
-2
-2
+2.5%
-2
+1.2%
-7
-9
-15.9%
0
n.s.
1
-79.1%
1
0
n.s.
23
43
-47.7%
53
-56.9%
134
178
-24.7%
0
-39.6%
0
-36.1%
-1
-2
-13.3%
43
-47.8%
52
-57.0%
132
32
176
-24.8%
75.7%
73.4%
+2.3 pt
64.3%
+11.4 pt
68.0%
66.1%
+1.9 pt
0.5
0.4
+37.5%
1. Including 100% of Private Banking in Germany for the Revenues to Pre-tax income line items
Revenues¹: +10.5% vs. 9M21
Strong expansion at Nickel and consolidation of 50% of Floa's contribution (reminder: consolidation effective
since 01.02.22)
Decrease in Personal Investors revenues in an unfavourable market context
Operating expenses¹: +13.6% vs. 9M21, increase driven by development and start-up costs in New Digital
Businesses
Pre-tax income²: -24.8% vs. 9M21, effect of the consolidation of Floa on the cost of risk
1. Including 100% of Private Banking in Germany; 2. Including 2/3 of Private Banking in Germany
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Third quarter 2022 results | 69View entire presentation