Investor Presentaiton
GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS
Revenues
Stable vs. Q1 22
Operating expenses
-5.9% vs. Q1 22
+1.7% (1) excl. SRF(2)
C/I ratio (¹) excl. SRF(2)
53.7% in Q1 23
In EUR m
Net banking income
Q1 23
Q1 22
Variation
2,758
2,755
+0.1%
-1.3%*
Operating expenses
(2,043)
(2,172)
-5.9%
-6.1%*
(1)
Underlying operating expenses
(1,603)
(1,611) -0.5%
-0.8%*
Gross operating income
715
Underlying gross operating income
(1)
1,155
Net cost of risk
583 +22.6% +15.9%*
1,144 +1.0% -1.9%*
(194) -97.4% -97.4%*
Operating income
710
389
+82.5% +68.5%*
Reported Group net income
565
302
+87.1% +73.1%*
Underlying Group net income
(1)
899
734
+22.6%
+18.7%*
RONE
15.5%
8.6%
Underlying RONE (1)
24.7%
20.8%
Q1 23 RONE 24.7% (1) (27.3% (1) excl. SRF(2))
(1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement), (2) Single Resolution Fund
* When adjusted for changes in Group structure and at constant exchange rates
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023
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