2nd Quarter and 1st Half 2022 Results
RELENTLESS FOCUS ON EFFICIENCY ACROSS THE GROUP
Key levers to ensure strict
cost management
Delivering on the ongoing cost reduction
plans with related transformation charges
mainly in 2022 and 2023
Cost/income ratio to decrease with
positive jaws across businesses
_Group cost-to-income ratio under IFRS 4 (%)
67%(2)
Continuous discipline to maintain structural
cost (1) growth below inflation on average
End of the ramp up phase of the Single
Resolution Fund expected end of 2023
≤ 62%
2021
Revenue
growth (3)
Efficiency
plans(4)
SRF
Inflation
Business investment
(incl. LeasePlan
integration) and
2025
others
≤62% Cost/income ratio in 2025
(1) Excluding SRF, transformation costs and LeasePlan integration (2) Underlying data: adjusted for exceptional items (see Supplement)
(3) Excluding LeasePlan integration (4) Including efficiency plans of Vision 25, in GBIS, ALD and IT
SOCIETE
GENERALE
2ND QUARTER AND 1ST HALF 2022 RESULTS 13 AUGUST 2022 44View entire presentation