Investor Presentaiton
SOLID RESULTS AND FUNDAMENTALS
GROUP NET INCOME
EUR 1.5bn (¹)
in Q1 23
EUR 0.9bn reported
+5.7% vs. Q1 22
ROTE
10.7% (1) in Q123
Robust business
performance
Group revenues
EUR 6.7bn under IFRS17
-3.8%* vs.
vs. Q1 22
o/w +0.3%* on businesses
Strong growth for Boursorama, ALD
and International Retail Banking
Excellent contribution of Global
Banking and Investor Solutions
French networks impacted by
temporary decrease in NIM
Gross operating income
EUR 2.5bn (¹)
Cost/income ratio
60.5% (2)
in Q1 23
Strong balance sheet
and liquidity profile
Cost of risk
13 bps in Q123
2023
<30 bps
Limited defaults, high stock of provision
CET 1
(3)
13.5% at end Q123
~410 bps over MDA
Approval of the 2022 share buy-backs
~EUR 440m
Liquidity Coverage Ratio
171% at end Q123
EUR 296bn liquidity reserves
Increase in deposits
2023 funding programme
>70% already completed
(1) Underlying data: adjusted for exceptional items (see Supplement), (2) Underlying and excluding the contribution to the Single Resolution Fund, (3) Including IFRS 9 phasing, 13.4% fully-loaded
*When adjusted for changes in Group structure and at constant exchange rates
NB: 2022 figures have been restated, in compliance with IFRS 17 and IFRS 9 for insurance entities
Major steps in the
strategic initiatives
French networks merger
Success of the 1st IT migration
2nd IT migration scheduled 13 & 14 May
2023
Boursorama
Breakeven in Q1 23 with still a strong
client organic growth
LeasePlan acquisition by ALD
Share purchase agreement signed to sell
six entities
ALD Extraordinary General Meeting
scheduled on 22 May 2023
Bernstein
Signing of the acquisition agreement
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023View entire presentation