Investor Presentaiton
IFRS 9 MONITORING
METHODOLOGY APPLIED
As of Q4 22, IFRS 9 parameters were updated in order to take into account the current economic environment:
•
•
3 macroeconomic scenarios were retained to capture the uncertainties around the general economic context and the war in Ukraine: central, favourable and stress.
The central scenario assumes that the growth in the eurozone would be only slightly positive in 2023 due to the tighter monetary policies, still high inflation and
global slowdown.
Additional sector / areas-at-risk adjustments to capture specific risks not reflected by the ECL models, in particular the specific economic context with high inflation
and rising interest rate and the Russian-Ukrainian crisis
MACROECONOMIC SCENARIOS (FRANCE GDP GROWTH)
115
110
105
100
95
95
90
90
2022
2023
*scenario weighting in IFRS 9 expected credit loss calculation
SOCIETE
GENERALE
2024
2025
2026
2027
-
SG FAVOURABLE 10%*
SG CENTRAL 60%*
SG STRESS 30%*
4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023View entire presentation