2nd Quarter and 1st Half 2022 Results
NORMALISATION OF COST OF RISK
Low S3 cost of
risk
Solid buffer of
provisions
Continuous improvement
in credit quality
_Cost of risk (bp)
52
52
37
44
64
_Total S1/S2 provisions (in EURbn)
3.6
3.4
3.4
_NPL rate (1) (%)
39
2.3
2.4
38
2.0
5.3%
2.2
4.9%
4.2%
3.4%
3.3%
2.9%
2.8%
3.1%
2015
2016
2017 2018
2019 2020
2021
Q2 22
30.06.2022
25
1.2
21
19
22
18
15
1.1
1.2
1.4
1.2
13
11
2015
2016 2017 2018 2019
2020
2021
Q1 22 Q2 22
31.12.2019
31.12.2020
31.12.2021
Stage 1
Stage 2
Cost of risk (in bp)
S3 cost of risk
NPL rate (in %)
Regression curve
2ND QUARTER AND 1ST HALF 2022 RESULTS |3 AUGUST 2022 45
Cost of risk at ~30 bps in 2025
(1) Calculated based on Gross loans outstanding at the beginning of period (annualised). 2015 NPL rate has not been restated according to EBA methodology published on 16 July 2019
SOCIETE
GENERALEView entire presentation