Investor Presentaiton
INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES
QUARTERLY RESULTS
International Retail Banking
Insurance
Financial Services
Total
In EUR m
Q123
Q1 22
Change
Q123
Q1 22
Change
Q123
Q122
Change
Q123
Q122
Change
Net banking income
1,262
1,335
+6.5%*
147
102
+51.2%*
797
634
+26.3%*
2,206
2,071
+15.3%*
Operating expenses
(743)
(806)
+4.9%*
(23)
(21)
+21.0%*
(342)
(256)
+31.9%*
(1,108)
(1,083)
+12.2%*
Gross operating income
519
529
+8.8%*
124
81
+58.6%*
455
378
+22.5%
1,098
988
+18.6%*
Net cost of risk
(83)
(313)
-31.1%*
0
0
n/s
(8)
(12)
-36.6%*
(91)
(325)
-31.9%*
Operating income
436
216
+21.5%*
124
81
+59.2%*
447
366
+24.3%*
1,007
663
+26.6%*
Net profits or losses from other assets
(1)
2
n/s
0
0
n/s
0
0
n/s
(1)
2
n/s
Income tax
(112)
(61)
+25.6%*
(32)
(21)
+58.4%*
(110)
(83)
+34.9%*
(254)
(165)
+33.2%*
Group net income
216
74
+13.1%*
91
59
+59.7%*
257
228
+14.7%*
564
361
+19.6%*
C/I ratio
59%
60%
16%
21%
43%
40%
50%
52%
Average allocated capital
5,429
6,118
2,147
2,069
2,948
2,810
10,564
11,026
* When adjusted for changes in Group structure and at constant exchange rates
NB: 2022 figures restated in compliance with IFRS 17 and IFRS 9 for insurance entities
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023View entire presentation