Paris, February 5, 2025• Net income (Group share) of €3.5bn in 2024, strong growth of +26%• VISION 2030: dynamic implementation of the strategic project •2024: net banking income of €23.3bn, 5% growth YoYbusiness lines; changes express differences between Q4-24 and Q4-23 and between full-year 2024 and full-year 2023.In Q4-24, the cost of risk remained stable for the Retail Banking & InsuranceThe cost of risk for the Corporate & Investment BankingThe cost of risk was 24bpsThe cost of risk for the Corporate & Investment BankingLiquidity reserves stood at 302 billion euros at December 2024, representing a coverage ratio of 177% of short-term financial debt (including short-term maturities of medium- to long-term financial debt).^{1business lines; changes express differences between Q4-24 and Q4-23 and between full-year 2024 and full-year 2023.1,567 million euros and by 10% in full-year 2024 to 5,495 million euros.The Banque Populaire retail banking network is comprised of 14 cooperative banks (12 regional Banques Populaires alongwith CASDEN Banque Populaire and Crédit Coopératif) and their subsidiaries, Crédit Maritime Mutuel, and the MutualGuarantee Companies.On-balance sheet customer deposits & savingsIn Q4-24, net banking incomeThe underlying cost/income ratio(+2%).The Caisse d’Epargne retail banking network comprises 15 individual Caisses d’Epargne along with their subsidiariesOn-balance sheet customer deposits & savings(+7%).(+13%).The results presented below concern the Insurance business unit held directly by BPCE since March 1, 2022.8Net banking income for the Digital & Payments business unitThe GFS business unit includes the Asset & Wealth Management activities and the Corporate & Investment Banking activities ofNatixis.The Corporate & Investment Banking (CIB) business unit includes the Global markets, Global finance, Investment banking andM&A activities of Natixis.The M&ANatixis Partners has acquired a stake in Financière de CourcellesThe business unit includes the Asset & Wealth Management activities of Natixis.        The sectoral reallocation of the results of the private equity activities of the entities BP Développement & CE Développement from Corporate center to RB&I and GFS divisions.
The new management standards adopted by Natixis (including the normative allocation of capital to the business lines) within the GFS division.
The main evolutions impact RB&I, GFS and the Corporate center.
The data for 2023 has been recalculated to obtain a like-for-like basis of comparison.
The quarterly series of Groupe BPCE remain unchanged.
The tables showing the transition from reported 2023 to pro-forma 2023 are presented on annexes.Business line cost/income ratios are calculated on the basis of underlying net banking income and operating expenses.Loan outstandings: the scope of outstandings under management does not include securities classified as customer loans and receivables and other securities classified as financial operations,
Deposits & savings: the scope of outstandings under management does not include debt securities (certificates of deposit and savings bonds).Additional Tier-1The leverage ratioThis amount is consequently comprised of the 4 following items:Customer deposits are subject to the following adjustments:The number of documents checked automatically- ECO PTZ MPR: consumer credit designed for renovation work eligible for the MaPrimeRenov program (government scheme to support energy-efficient home renovation work) for up to a total of €30,000,
– ECO PTZ: interest-free regulated home improvement loan for up to a total of €50,000taxincometaxincometaxincometaxincometaxincometaxincometaxincometaxincometaxincometaxincometaxincometaxincomerisklosses onother assetsbefore tax– Group sharerisklosses onother assetsbefore tax– Group sharerisklosses onother assetsbefore tax– Group sharerisklosses onother assetsbefore tax– Group sharecost income ratiocost income ratiocost income ratiocost income ratio& INSURANCEBPCE& INSURANCEBPCEGroupe BPCE : Consolidated balance sheet€m€mRetail Banking & Insurance: FSE quarterly seriesBANKINGSERVICESBANKINGSERVICESThis financial information is not the equivalent of summary financial statements for an interim period as defined by IAS 34 “Interim Financial Reporting”.With respect to the financial information of Groupe BPCE for the quarter ended December 31, 2024, and in view of the context mentioned above, attention should be drawn to the fact that the estimated increase in credit risk and the calculation of expected credit losses (IFRS 9 provisions) are largely based on assumptions that depend on the macroeconomic context.Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the wholesale banking expertise of Natixis Corporate & Investment Banking and with the asset & wealth management services provided by Natixis Investment Managers.The Group’s financial strength is recognized by four financial rating agencies: Moody’s (A1, stable outlook), Standard & Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A+, stable outlook).
(GlobeNewsWire)}