Investor Presentaiton
SOUND LIQUIDITY PROFILE, INCREASING DEPOSITS IN Q1
Robust balance sheet
_Funded balance sheet (1) in EUR bn as of Q1 23
Diversified deposit base
_In EUR bn as of Q1 23
945
945
930
930
58
Short term wholesale funding
Cash at central banks
213
47
TLTRO
HQLA securities (2)
66
Interbank loans
40
Other(3)
78
Customer loans (4)
503
516
598
594
| +0.7%
Client deposits
242
Long term debt & equity
Long term assets 45
31.03.23
31.12.22
31.12.22
31.03.23
ASSETS
LIABILITIES
14%
4%
■French retail
■International banking
■Private banking
■Transaction Banking
6%
46%
EUR 598 bn
4%
■ Securities Services
7%
■ Wholesale
7%
4% 8%
■Central banks, Supranational &
Finance Ministries
■ Corporate deposits
■Fiduciary deposits
Excess of long-term resources, loan to deposit ratio at 84%
Liquid assets (cash at central banks and HQLA securities) accounting for
almost 30% of funded balance sheet
Assets in USD fully funded by highly diversified resources in USD, limited
reliance on money market fund (~USD 4bn)
Strong client deposit base, further strengthened
(+0.7% vs. 31.12.22, +6.4% vs. 31.12.21)
Highly diversified and granular deposit base largely
composed of retail and business driven deposits
(1) Economic view, see Appendix (methodology), (2) Market value, (3) Including ~EUR 26bn HQLA securities encumbered to cover local stress tests, (4) Of which additional unencumbered assets eligible to ECB refinancing policy
NB: 2022 figures have been restated, in compliance with IFRS 17 and IFRS 9 for insurance entities
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023
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