2nd Quarter and 1st Half 2022 Results
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES
HALF YEAR RESULTS
International Retail Banking
Insurance
Financial Services
Total
In EURm
H122
H121
Change
H122
H121
Change
H122
H121
Change
H122
H121
Change
Net banking income
2,613
2,418
+12.4%*
502
474
+6.7%*
1,412
959
+44.6%*
4,527
3,851
+20.4%*
Operating expenses
(1,478)
(1,451)
+6.3%*
(211)
(200)
+6.9%*
(539)
(449) +16.9%* (2,228)
(2,100)
+9.0%*
Gross operating income
1,135
967
+21.3%*
291
274
+6.5%*
873
510
+69.5%*
2,299
1,751
+33.9%*
Net cost of risk
(396)
(228)
-8.4%*
0
0
n/s
(26)
(35)
-28.5%*
(422)
(263)
-11.2%*
Operating income
739
739
+46.9%*
291
274
+6.5%*
847
475
+76.7%
1,877
1,488
+51.2%*
Net profits or losses from other assets
10
5
+98.0%*
0
1
-100.0%*
0
0
n/s
10
6
+65.3%*
Income tax
(193)
(183)
+41.7%*
(76)
(77)
-1.0%*
(192)
(110)
+72.9%*
(461)
(370)
+44.0%
Group net income
350
423
+26.0%*
214
196
+9.6%*
530
295
+77.3%*
1,094
914
+39.9%*
C/I ratio
57%
60%
42%
42%
38%
47%
49%
55%
Average allocated capital
5,787
5,607
2,102
2,000
2,877
2,429
10,794
10,058
* When adjusted for changes in Group structure and at constant exchange rates (excluding disposed Russian activities)
SOCIETE
GENERALE
2ND QUARTER AND 1ST HALF 2022 RESULTS |3 AUGUST 2022 77View entire presentation