Quarterly financial information

Published on 04/05/2017

Q1 17: GOOD COMMERCIAL AND FINANCIAL PERFORMANCE FROM CORE BUSINESSES

Net banking income for the businesses of EUR 6,518m (+4.0% vs. Q1 16) driven by the growth in International Retail Banking & Financial Services and Global Banking & Investor Solutions.
Book net banking income of EUR 6,474m, up +4.8% vs. Q1 16.
Operating expenses reflecting the growth of the businesses and investments in the transformation of French Retail Banking, +2.6%(1) vs. Q1 16 (+1.4%*(1)).
Commercial cost of risk(2) of 24bp in Q1 17 (46bp in Q1 16) reflecting the improvement in the Group’s risk profile.
Net cost of risk including an additional allocation to provision for disputes of EUR 350m. Announcement today of a settlement, after the Q1 Board review of the accounts, regarding the civil dispute opposing Societe Generale and the Libyan Investment Authority (LIA) relating to transactions dating back to 2007.
Book Group net income of EUR 747m in Q1 17 (EUR 924m in Q1 16).
Underlying Group net income(3) of EUR 1,392m in Q1 17 (EUR 928m in Q1 16, +50.0%).
ROE(3) of 10.5% in Q1 17 (7.1% in Q1 16)