Investor Presentaiton
Wealth and Asset Management
Financial results
Business performances
Wealth Management
Asset Management
(in € millions)
H1 2022
H1 2023
Change
Net banking income
154
165
7.6%
Assets under management
(in €bn)
Vs H1 2022
+6.5%
Operating expenses
(100)
(112)
12.2%
Gross operating profit
54
53
Cost-income ratio
65.1%
67.9%
Cost of risk
2
-0.9%
+2,8 Pts
-96.4%
54.8
55.8
58.3
Outstanding
home loans
€5.0bn
+8.2%
Operating profit
56
53
-3.9%
Profit before tax
117
53
-54.4%
Attributable net profit
93
34
-63.1%
Asset
deposits
€17.1bn
+22.7%
Attributable net profit up by €3m excluding capital gains (€63m) from the sale of
equity stakes in AEW Europe and Ostrum AM effective 13/05/2022
Higher assets under management: +6.5% for LBP AM, +22.7% for Louvre Banque
Privée year-on-year
Rise in operating expenses reflecting the creation of the wealth management
business unit and the execution of LFDE acquisition
Acquisition of 100% of LFDE not taken into account in 2023 H1 indicators
(acquisition effective 04/07/2023)
30/06/2022 31/12/2022 30/06/2023
SIX
2022
022
ALPHA LEAGUE
SAX
202
X
ALPHA LEA
Tocqueville Finance on the
Alpha League Table podium
for the second year in a row
MIEUX VOTRE
VIVRE ARGENT
LBP AM and Tocqueville:
most awarded companies
at the Grands Prix des SICAV 2023
Managed funds²
€9.5bn
+24.8%
TROPHÉES
2023
MEILLEURS
FONDS
Le Revenu
2023 Gold Trophy:
"Best listed offer over 3 years""
for the full LBP AM Tocqueville
Finance offer
INVESTOR PRESENTATION - SEPTEMBER 2023
1. Assets under management
2. Assets under discretionary management
31
LA
BANQUE
POSTALEView entire presentation