BNP Paribas : 4Q22 - Quarterly series

0.

FOURTH QUARTER 2022 RESULTS

Please note that some of the figures in the quarterly series may differ from those originally published in previous reports (due, for example, to adjustments subsequent to organisational changes) and please also refer to quarterly presentations for methodological explanations.

&1#&"Calibri"&10&K0078D7Classification : Internal

1.

Group results
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Scénario	Scénario	Scénario	Scénario	Scénario
Catégorie	Catégorie	Catégorie	Catégorie	Catégorie
Décembre	Décembre	Septembre	Juin	Mars
Cumulé	Trimestre	Trimestre	Trimestre	Trimestre
En millions d'euros
Group	Groupe
Revenues	PNB	50,419	12,109	12,311	12,781	13,218	46,235	11,232	11,398	11,776	11,829
incl. Interest Income	23,168	6,018	5,721	5,695	5,734	21,209	5,169	5,218	5,370	5,452
incl. Commissions	10,570	2,746	2,572	2,615	2,637	10,717	2,919	2,603	2,640	2,555
Operating Expenses and Dep.	Frais de gestion	-33,702	-8,473	-7,857	-7,719	-9,653	-31,111	-7,930	-7,412	-7,172	-8,597
Gross Operating Income	RBE	16,717	3,636	4,454	5,062	3,565	15,124	3,302	3,986	4,604	3,232
Cost of Risk	Coût du risque	-2,965	-773	-947	-789	-456	-2,925	-510	-706	-813	-896
Operating Income	Résultat d'exploitation	13,752	2,863	3,507	4,273	3,109	12,199	2,792	3,280	3,791	2,336
Share of Earnings of Equity-Method Entities	Quote-part du résultat net des sociétés mises en équivalence	699	96	187	251	165	494	138	131	101	124
Other Non Operating Items	Autres éléments hors exploitation	-1	-22	40	-22	3	944	240	39	302	363
Non Operating Items	Eléments hors exploitation	698	74	227	229	168	1,438	378	170	403	487
Pre-Tax Income	Résultat avant impôt	14,450	2,937	3,734	4,502	3,277	13,637	3,170	3,450	4,194	2,823
Corporate Income Tax	Impôt sur les bénéfices	-3,853	-685	-881	-1,240	-1,047	-3,757	-759	-836	-1,193	-969
Net Income Attributable to Minority Interests	Intérêts minoritaires	-401	-102	-92	-85	-122	-392	-105	-111	-90	-86
Net Income Attributable to Equity Holders	Résultat net part du groupe	10,196	2,150	2,761	3,177	2,108	9,488	2,306	2,503	2,911	1,768
Cost/income	66.8%	70.0%	63.8%	60.4%	73.0%	67.3%	70.6%	65.0%	60.9%	72.7%
Average loan outstandings (€bn)	859.3	881.6	875.3	851.8	828.3	792.4	806.4	793.5	787.9	781.9
Average deposits (€bn)	849.6	865.7	865.2	842.9	824.7	790.3	809.3	796.2	785.4	770.2
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	949.6	988.4	963.7	942.7	903.8	867.7	883.0	873.9	866.8	846.9
Cost of risk (in annualised bp)	31	31	39	33	20	34	23	32	38	42

&1#&"Calibri"&10&K0078D7Classification : Internal

2.

€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial, Personal Banking & Services (including 100% of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany)1
Revenues	28,301	7,028	7,110	7,184	6,979	25,888	6,506	6,485	6,467	6,430
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-17,928	-4,487	-4,330	-4,263	-4,848	-16,909	-4,252	-4,046	-4,001	-4,609
Gross Operating Income	10,373	2,542	2,780	2,921	2,131	8,979	2,253	2,439	2,466	1,821
Cost of Risk	-2,452	-676	-730	-645	-401	-2,598	-597	-639	-694	-668
Operating Income	7,920	1,866	2,050	2,275	1,730	6,381	1,657	1,800	1,771	1,154
Share of Earnings of Equity-Method Entities	433	69	120	157	86	287	70	92	73	51
Other Non Operating Items	-19	-62	5	32	6	53	-5	104	-10	-36
Pre-Tax Income	8,334	1,873	2,175	2,464	1,822	6,721	1,722	1,996	1,834	1,169
Income Attributable to Wealth and Asset Management	-334	-103	-83	-86	-61	-275	-74	-70	-71	-60
Pre-Tax Income of Commercial, Personal Banking & Services	8,000	1,770	2,092	2,378	1,761	6,446	1,648	1,926	1,763	1,110
Cost/Income	63.3%	63.8%	60.9%	59.3%	69.5%	65.3%	65.4%	62.4%	61.9%	71.7%
Average loan outstandings (€bn)	671	686	680	667	651	627	636	628	624	622
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	666	685	677	659	643	628	633	630	624	625
Average deposits (€bn)	646	647	656	645	634	606	624	612	600	586
Cost of risk (in annualised bp)	37	39	43	39	25	41	38	41	44	43
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany)	47.4	47.4	47.0	46.3	44.9	43.3	43.3	43.3	43.5	43.8
RWA (€bn)	427.4	427.4	432.7	426.5	422.3	402.8	402.8	395.6	393.7	395.3
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial, Personal Banking & Services (including 2/3 of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany)
Revenues	27,563	6,835	6,926	7,001	6,800	25,216	6,334	6,321	6,298	6,263
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-17,518	-4,383	-4,229	-4,168	-4,738	-16,523	-4,153	-3,954	-3,912	-4,504
Gross Operating Income	10,044	2,452	2,697	2,833	2,062	8,693	2,181	2,367	2,386	1,759
Cost of Risk	-2,458	-690	-731	-644	-394	-2,586	-597	-638	-686	-665
Operating Income	7,586	1,762	1,967	2,189	1,669	6,106	1,583	1,729	1,700	1,094
Share of Earnings of Equity-Method Entities	433	69	120	157	86	287	70	92	73	51
Other Non Operating Items	-19	-62	5	32	6	53	-5	104	-10	-36
Pre-Tax Income	8,000	1,770	2,092	2,378	1,761	6,446	1,648	1,926	1,763	1,110
Cost/Income	63.6%	64.1%	61.1%	59.5%	69.7%	65.5%	65.6%	62.5%	62.1%	71.9%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	47.4	47.4	47.0	46.3	44.9	43.3	43.3	43.3	43.5	43.8
RWA (€bn)	423.1	423.1	428.4	422.2	418.1	398.9	398.9	391.8	389.9	391.7
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking (including 100% of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye and the United States)1
Revenues	18,630	4,660	4,694	4,702	4,575	17,252	4,318	4,379	4,297	4,257
incl. net interest income	12,259	3,088	3,115	3,071	2,984	11,179	2,745	2,873	2,763	2,798
incl. fees	6,371	1,571	1,579	1,630	1,590	6,073	1,574	1,507	1,534	1,459
Operating Expenses and Dep.	-13,033	-3,243	-3,151	-3,065	-3,575	-12,293	-3,071	-2,959	-2,861	-3,402
Gross Operating Income	5,596	1,417	1,542	1,637	1,000	4,959	1,247	1,420	1,437	855
Cost of Risk	-833	-191	-334	-265	-43	-1,129	-219	-280	-316	-313
Operating Income	4,763	1,226	1,209	1,372	957	3,831	1,028	1,140	1,121	542
Share of Earnings of Equity-Method Entities	377	75	100	133	70	238	48	76	78	37
Other Non Operating Items	-43	-54	2	3	6	19	-12	68	-1	-36
Pre-Tax Income	5,097	1,246	1,310	1,508	1,033	4,087	1,064	1,283	1,198	542
Income Attributable to Wealth and Asset Management	-332	-103	-83	-86	-61	-273	-73	-70	-71	-59
Pre-Tax Income of Commercial & Personal Banking	4,765	1,143	1,227	1,422	972	3,814	991	1,214	1,127	483
Cost/Income	70.0%	69.6%	67.1%	65.2%	78.1%	71.3%	71.1%	67.6%	66.6%	79.9%
Average loan outstandings (€bn)	526	537	535	523	510	490	496	491	486	486
Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in bp)	545	562	554	538	525	511	517	512	508	508
Average deposits (€bn)	615	616	625	614	604	578	594	584	573	560
Cost of risk (in annualised bp)	15	14	24	20	3	22	17	22	25	25
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye and the United States)	35.3	35.3	35.0	34.6	33.5	32.0	32.0	31.9	32.0	32.4
RWA (€bn)	315.8	315.8	323.8	317.9	315.5	300.5	300.5	294.9	291.9	291.3
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking (including 2/3 of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye and the United States)
Revenues	17,901	4,469	4,512	4,521	4,398	16,589	4,149	4,217	4,131	4,092
incl. net interest income	11,965	3,001	3,038	3,004	2,923	10,945	2,685	2,817	2,703	2,739
incl. fees	5,935	1,468	1,474	1,518	1,476	5,644	1,463	1,400	1,427	1,354
Operating Expenses and Dep.	-12,631	-3,141	-3,052	-2,972	-3,466	-11,914	-2,974	-2,868	-2,773	-3,299
Gross Operating Income	5,270	1,328	1,460	1,550	932	4,675	1,174	1,349	1,358	793
Cost of Risk	-839	-205	-334	-264	-36	-1,117	-219	-279	-308	-310
Operating Income	4,431	1,123	1,126	1,286	896	3,558	955	1,070	1,050	483
Share of Earnings of Equity-Method Entities	377	75	100	133	70	238	48	76	78	37
Other Non Operating Items	-43	-54	2	3	6	18	-12	68	-1	-37
Pre-Tax Income	4,765	1,143	1,227	1,422	972	3,814	991	1,214	1,127	483
Cost/Income	70.6%	70.3%	67.6%	65.7%	78.8%	71.8%	71.7%	68.0%	67.1%	80.6%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposit (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	35.3	35.3	35.0	34.6	33.5	32.0	32.0	31.9	32.0	32.4
RWA (€bn)	311.5	311.5	319.4	313.6	311.3	296.6	296.6	291.1	288.2	287.7
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in the Eurozone (including 100% of Private Banking in France, Italy, Belgium and Luxembourg)1
Revenues	13,553	3,403	3,354	3,479	3,317	12,885	3,243	3,280	3,246	3,116
incl. net interest income	8,082	2,050	2,011	2,074	1,947	7,682	1,922	1,979	1,921	1,861
incl. fees	5,470	1,353	1,343	1,405	1,370	5,203	1,321	1,302	1,325	1,255
Operating Expenses and Dep.	-9,323	-2,301	-2,193	-2,152	-2,678	-8,990	-2,220	-2,151	-2,061	-2,557
Gross Operating Income	4,229	1,102	1,161	1,327	640	3,895	1,023	1,129	1,185	559
Cost of Risk	-719	-105	-230	-187	-198	-1,030	-211	-288	-249	-281
Operating Income	3,510	997	931	1,140	442	2,866	812	841	936	277
Share of Earnings of Equity-Method Entities	1	0	0	1	0	4	1	5	1	-3
Other Non Operating Items	40	-1	5	31	6	52	-15	60	3	3
Pre-Tax Income	3,552	996	936	1,171	448	2,922	799	906	940	278
Income Attributable to Wealth and Asset Management	-264	-80	-61	-72	-50	-240	-64	-63	-64	-50
Pre-Tax Income of Commercial & Personal Banking in the Eurozone	3,288	917	875	1,099	397	2,682	735	843	876	228
Cost/Income	68.8%	67.6%	65.4%	61.9%	80.7%	69.8%	68.5%	65.6%	63.5%	82.1%
Average loan outstandings (€bn)	436	444	441	433	425	406	412	407	404	402
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	452	463	460	449	437	425	430	427	421	421
Average deposits (€bn)	501	502	508	501	492	469	481	473	465	456
Cost of risk (in annualised bp)	16	9	20	17	18	24	20	27	24	27
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in France, Belgium, Italy and Luxembourg)	24.1	24.1	24.1	24.0	23.2	22.0	22.0	22.0	22.0	22.2
RWA (€bn)	213.0	213.0	215.8	214.0	218.8	207.2	207.2	201.7	201.3	201.5
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in the Eurozone (including 2/3 of Private Banking in France, Italy, Belgium and Luxembourg)
Revenues	12,948	3,249	3,208	3,326	3,164	12,303	3,096	3,137	3,099	2,971
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-8,976	-2,213	-2,108	-2,073	-2,583	-8,659	-2,136	-2,073	-1,986	-2,465
Gross Operating Income	3,972	1,036	1,100	1,254	582	3,644	960	1,065	1,113	506
Cost of Risk	-726	-119	-230	-186	-191	-1,018	-212	-287	-241	-278
Operating Income	3,246	918	870	1,068	391	2,626	748	778	872	227
Share of Earnings of Equity-Method Entities	1	0	0	1	0	4	1	5	1	-3
Other Non Operating Items	40	-1	5	31	6	52	-15	60	3	3
Pre-Tax Income	3,288	917	875	1,099	397	2,682	735	843	876	228
Cost/Income	69.3%	68.1%	65.7%	62.3%	81.6%	70.4%	69.0%	66.1%	64.1%	83.0%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	24.1	24.1	24.1	24.0	23.2	22.0	22.0	22.0	22.0	22.2
RWA (€bn)	208.8	208.8	211.6	209.9	214.7	203.4	203.4	198.0	197.6	197.9
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in France (including 100% of Private Banking in France)1
Revenues	6,680	1,670	1,669	1,728	1,613	6,269	1,608	1,574	1,607	1,481
incl. net interest income	3,568	902	899	919	847	3,401	884	859	860	797
incl. fees	3,112	768	769	809	766	2,869	724	714	747	684
Operating Expenses and Dep.	-4,698	-1,210	-1,133	-1,117	-1,239	-4,557	-1,178	-1,129	-1,075	-1,175
Gross Operating Income	1,982	460	536	612	374	1,712	430	444	532	306
Cost of Risk	-237	21	-102	-64	-93	-441	-99	-115	-101	-125
Operating Income	1,745	481	434	548	281	1,271	331	329	431	181
Share of Earnings of Equity-Method Entities	1	-0	0	1	0	-1	0	-0	-2	0
Other Non Operating Items	25	-1	1	25	0	39	-15	54	-0	0
Pre-Tax Income	1,771	481	434	574	282	1,309	316	383	429	181
Income Attributable to Wealth and Asset Management	-158	-48	-36	-42	-31	-127	-35	-34	-30	-28
Pre-Tax Income of Commercial & Personal Banking in France	1,613	433	398	531	250	1,181	280	349	399	153
Cost/Income	70.3%	72.4%	67.9%	64.6%	76.8%	72.7%	73.3%	71.8%	66.9%	79.3%
Average loan outstandings (€bn)	209	213	212	208	203	199	201	200	199	198
Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in bp)	224	228	227	221	218	214	215	216	213	213
Average deposits (€bn)	245	247	249	244	240	234	241	237	231	226
Cost of risk (in annualised bp)	11	-4	18	12	17	21	19	21	19	24
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in France)	11.3	11.3	11.1	11.0	10.6	10.6	10.6	10.7	10.8	10.8
RWA (€bn)	103.4	103.4	105.2	102.8	103.2	98.0	98.0	96.4	97.1	99.6
Reminder on PEL/CEL provision: this provision, accounted in the revenues of CPB in France, takes into account the risk generated by Plans Epargne Logement (PEL) and Comptes Epargne Logement (CEL) during their whole lifetime.
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
PEL/CEL effects 100% of Private Banking in France	46	8	13	14	11	29	6	3	19	1
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in France (including 2/3 of Private Banking in France)
Revenues	6,361	1,592	1,592	1,647	1,531	5,966	1,530	1,499	1,531	1,406
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-4,530	-1,166	-1,092	-1,078	-1,195	-4,395	-1,136	-1,091	-1,036	-1,132
Gross Operating Income	1,831	426	500	569	336	1,572	395	408	495	274
Cost of Risk	-245	8	-103	-64	-86	-428	-100	-113	-94	-121
Operating Income	1,587	434	397	505	250	1,144	295	295	401	153
Non Operating Items	26	-1	1	26	0	37	-15	54	-2	1
Pre-Tax Income	1,613	433	398	531	250	1,181	280	349	399	153
Cost/Income	71.2%	73.2%	68.6%	65.4%	78.0%	73.7%	74.2%	72.8%	67.7%	80.5%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	11.3	11.3	11.1	11.0	10.6	10.6	10.6	10.7	10.8	10.8
RWA (€bn)	100.5	100.5	102.3	100.0	100.4	95.5	95.5	93.9	94.6	97.2
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
BNL bc (including 100% of Private Banking in Italy)1
Revenues	2,634	656	652	671	654	2,680	668	667	669	676
incl. net interest income	1,519	369	382	387	380	1,539	370	385	387	398
incl. fees	1,115	286	271	284	274	1,141	298	282	283	278
Operating Expenses and Dep.	-1,735	-426	-440	-416	-454	-1,780	-438	-449	-435	-458
Gross Operating Income	899	230	213	255	201	900	230	218	235	217
Cost of Risk	-465	-114	-114	-110	-128	-487	-143	-130	-105	-110
Operating Income	433	116	99	146	73	413	87	88	130	107
Share of Earnings of Equity-Method Entities	0	0	0	-0	-0	-0	-0	-0	-0	-0
Other Non Operating Items	2	0	0	2	0	0	0	0	0	0
Pre-Tax Income	436	116	99	148	73	413	87	88	130	107
Income Attributable to Wealth and Asset Management	-26	-5	-4	-8	-8	-35	-9	-8	-10	-9
Pre-Tax Income of BNL bc	410	111	95	139	65	377	78	80	120	98
Cost/Income	65.9%	64.9%	67.4%	62.0%	69.3%	66.4%	65.6%	67.3%	64.9%	67.9%
Average loan outstandings (€bn)	79	79	79	78	79	77	78	77	76	77
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	80	80	80	79	82	79	80	78	77	79
Average deposits (€bn)	64	64	65	65	63	59	62	59	59	58
Cost of risk (in annualised bp)	58	57	57	55	63	62	71	67	54	56
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Italy)	6.0	6.0	6.0	6.0	5.9	5.3	5.3	5.3	5.3	5.5
RWA (€bn)	47.6	47.6	48.7	49.3	49.8	49.1	49.1	49.2	48.2	47.7
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
BNL bc (including 2/3 of Private Banking in Italy)
Revenues	2,548	635	631	649	633	2,591	645	645	647	654
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-1,676	-411	-423	-403	-440	-1,726	-424	-435	-422	-445
Gross Operating Income	872	224	208	246	193	865	222	210	225	208
Cost of Risk	-464	-114	-114	-109	-128	-488	-143	-130	-104	-110
Operating Income	408	110	95	138	65	377	78	80	120	98
Share of Earnings of Equity-Method Entities	0	0	0	-0	-0	-0	-0	-0	-0	-0
Other Non Operating Items	2	0	0	2	0	0	0	0	0	0
Pre-Tax Income	410	111	95	139	65	377	78	80	120	98
Cost/Income	65.8%	64.7%	67.0%	62.0%	69.5%	66.6%	65.7%	67.4%	65.2%	68.1%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	6.0	6.0	6.0	6.0	5.9	5.3	5.3	5.3	5.3	5.5
RWA (€bn)	47.1	47.1	48.2	48.8	49.3	48.7	48.7	48.8	47.8	47.3
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in Belgium (including 100% of Private Banking in Belgium)1
Revenues	3,764	947	917	965	935	3,509	854	933	864	858
incl. net interest income	2,618	673	636	677	632	2,404	581	649	589	585
incl. fees	1,146	274	281	288	303	1,106	273	284	275	274
Operating Expenses and Dep.	-2,615	-598	-558	-554	-905	-2,384	-540	-511	-488	-845
Gross Operating Income	1,149	348	359	412	30	1,125	314	422	376	14
Cost of Risk	-36	-20	-17	-16	17	-99	28	-36	-45	-47
Operating Income	1,113	328	342	396	47	1,026	342	386	331	-33
Share of Earnings of Equity-Method Entities	0	0	-0	1	-0	6	2	5	2	-3
Other Non Operating Items	10	-1	3	3	4	13	1	6	4	3
Pre-Tax Income	1,123	327	345	399	52	1,045	344	397	337	-33
Income Attributable to Wealth and Asset Management	-74	-25	-19	-20	-10	-71	-18	-20	-22	-12
Pre-Tax Income of Commercial & Personal Banking in Belgium	1,049	303	326	379	42	973	326	377	315	-45
Cost/Income	69.5%	63.2%	60.9%	57.3%	96.8%	67.9%	63.3%	54.8%	56.5%	98.4%
Average loan outstandings (€bn)	135	138	137	134	131	118	120	119	116	115
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	135	141	140	136	125	120	122	120	118	118
Average deposits (€bn)	162	161	162	162	161	148	149	149	149	146
Cost of risk (in annualised bp)	3	6	5	5	-6	8	-9	12	15	16
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Belgium)	6.1	6.1	6.1	6.2	5.9	5.3	5.3	5.2	5.2	5.2
RWA (€bn)	54.5	54.5	54.2	54.2	58.4	53.1	53.1	49.4	49.1	47.5
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in Belgium (including 2/3 of Private Banking in Belgium)
Revenues	3,577	896	871	920	890	3,332	810	890	819	813
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-2,502	-571	-532	-529	-870	-2,277	-514	-486	-466	-811
Gross Operating Income	1,075	324	339	392	20	1,055	296	403	353	3
Cost of Risk	-36	-21	-17	-16	18	-100	28	-37	-44	-48
Operating Income	1,039	303	323	376	38	954	324	367	309	-45
Share of Earnings of Equity-Method Entities	0	0	-0	1	-0	6	2	5	2	-3
Other Non Operating Items	10	-1	3	3	4	13	1	6	4	3
Pre-Tax Income	1,049	303	326	379	42	973	326	377	315	-45
Cost/Income	69.9%	63.8%	61.1%	57.4%	97.8%	68.3%	63.4%	54.7%	56.9%	99.7%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	6.1	6.1	6.1	6.2	5.9	5.3	5.3	5.2	5.2	5.2
RWA (€bn)	53.9	53.9	53.4	53.5	57.6	52.4	52.4	48.7	48.4	46.8
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in Luxembourg (including 100% of Private Banking in Luxembourg)1
Revenues	475	130	116	114	115	427	113	107	106	101
incl. net interest income	377	105	94	90	88	339	87	86	85	81
incl. fees	97	25	22	24	27	88	26	21	21	20
Operating Expenses and Dep.	-275	-67	-62	-66	-80	-268	-64	-62	-64	-79
Gross Operating Income	200	63	54	48	35	158	49	45	42	22
Cost of Risk	19	9	3	3	5	-2	3	-7	1	1
Operating Income	219	72	56	51	40	156	52	38	43	23
Share of Earnings of Equity-Method Entities	-0	-0	-0	-0	-0	-0	-0	0	-0	-0
Other Non Operating Items	3	0	1	0	2	-0	-0	0	0	0
Pre-Tax Income	222	72	58	51	42	156	52	38	43	23
Income Attributable to Wealth and Asset Management	-6	-2	-1	-2	-2	-6	-2	-2	-1	-1
Pre-Tax Income of Commercial & Personal Banking in Luxembourg	216	70	56	49	40	150	50	37	42	21
Cost/Income	57.9%	51.3%	53.8%	57.8%	69.8%	62.9%	56.3%	58.1%	60.2%	78.2%
Average loan outstandings (€bn)	13	13	13	13	13	12	12	12	12	12
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	13	13	13	13	13	12	12	12	12	12
Average deposits (€bn)	30	30	31	30	29	28	29	28	27	27
Cost of risk (in annualised bp)	-15	-25	-8	-9	-17	2	-10	23	-3	-2
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Luxembourg)	0.8	0.8	0.8	0.8	0.8	0.7	0.7	0.7	0.7	0.7
RWA (€bn)	7.4	7.4	7.8	7.6	7.5	6.8	6.8	6.6	6.9	6.7
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in Luxembourg (including 2/3 of Private Banking in Luxembourg)
Revenues	461	127	113	110	111	414	110	104	103	97
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-268	-65	-61	-64	-78	-262	-62	-61	-62	-77
Gross Operating Income	193	62	52	46	33	153	48	43	41	21
Cost of Risk	19	8	3	3	5	-2	3	-7	1	1
Operating Income	213	70	55	49	38	150	51	36	42	21
Share of Earnings of Equity-Method Entities	-0	-0	-0	-0	-0	-0	-0	0	-0	-0
Other Non Operating Items	3	0	1	0	2	-0	-0	0	0	0
Pre-Tax Income	216	70	56	49	40	150	50	37	42	21
Cost/Income	58.1%	51.3%	53.7%	57.9%	70.4%	63.2%	56.5%	58.2%	60.4%	78.9%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	0.8	0.8	0.8	0.8	0.8	0.7	0.7	0.7	0.7	0.7
RWA (€bn)	7.3	7.3	7.7	7.5	7.4	6.8	6.8	6.6	6.8	6.7
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in the rest of the world (including 100% of Private Banking in Poland, Türkiye and the United States)1
Revenues	5,077	1,257	1,340	1,223	1,258	4,367	1,075	1,099	1,052	1,141
incl. net interest income	4,176	1,038	1,104	997	1,037	3,496	822	894	842	938
incl. fees	901	218	236	225	221	871	253	205	209	204
Operating Expenses and Dep.	-3,710	-942	-958	-913	-897	-3,303	-851	-808	-799	-845
Gross Operating Income	1,367	315	381	310	361	1,064	224	291	252	297
Cost of Risk	-114	-86	-104	-78	154	-99	-8	8	-67	-32
Operating Income	1,253	229	277	232	515	965	216	299	185	265
Share of Earnings of Equity-Method Entities	376	74	100	132	70	234	46	71	77	40
Other Non Operating Items	-84	-53	-3	-27	-0	-34	2	8	-4	-40
Pre-Tax Income	1,545	250	374	337	585	1,165	265	378	258	265
Income Attributable to Wealth and Asset Management	-68	-23	-21	-14	-10	-33	-9	-7	-7	-9
Pre-Tax Income of Commercial & Personal Banking in the rest of the world	1,477	227	353	323	575	1,133	256	371	251	255
Cost/Income	73.1%	74.9%	71.5%	74.6%	71.3%	75.6%	79.2%	73.5%	76.0%	74.0%
Average loan outstandings (€bn)	91	93	94	90	85	84	84	83	83	84
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	92	99	94	89	87	87	87	86	87	87
Average deposits (€bn)	114	114	118	113	112	109	113	111	108	105
Cost of risk (in annualised bp)	12	35	44	35	-71	11	4	-4	31	15
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Poland, Türkiye and the United States)	11.1	11.1	11.0	10.6	10.3	10.0	10.0	10.0	10.0	10.2
RWA (€bn, year to date)	102.8	102.8	107.9	103.8	96.8	93.4	93.4	93.2	90.7	89.8
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Commercial & Personal Banking in the rest of the world (including 2/3 of Private Banking in Poland, Türkiye and the United States)
Revenues	4,953	1,220	1,304	1,195	1,234	4,286	1,053	1,080	1,032	1,122
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-3,655	-928	-944	-899	-883	-3,255	-839	-795	-787	-834
Gross Operating Income	1,298	292	360	296	351	1,031	214	284	245	288
Cost of Risk	-113	-86	-104	-78	154	-99	-8	8	-67	-32
Operating Income	1,185	206	256	218	505	932	207	292	178	255
Share of Earnings of Equity-Method Entities	376	74	100	132	70	234	46	71	77	40
Other Non Operating Items	-84	-53	-3	-27	-0	-34	2	8	-4	-40
Pre-Tax Income	1,477	227	353	323	575	1,133	256	371	251	255
Cost/Income	73.8%	76.1%	72.4%	75.2%	71.6%	75.9%	79.6%	73.7%	76.3%	74.3%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	11.1	11.1	11.0	10.6	10.3	10.0	10.0	10.0	10.0	10.2
RWA (€bn)	102.7	102.7	107.8	103.7	96.7	93.2	93.2	93.1	90.6	89.8
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Europe-Mediterranean (including 100% of Private Banking in Poland and Türkiye)1
Revenues	2,346	534	607	566	639	1,941	449	511	464	516
incl. net interest income	1,895	433	488	455	518	1,470	320	401	349	399
incl. fees	451	101	118	111	121	471	129	109	115	117
Operating Expenses and Dep.	-1,649	-417	-393	-418	-422	-1,606	-395	-383	-394	-435
Gross Operating Income	697	118	214	148	217	335	54	128	71	82
Cost of Risk	-153	-10	-55	-48	-39	-144	-32	-15	-58	-39
Operating Income	544	108	159	100	178	190	22	113	12	43
Share of Earnings of Equity-Method Entities	376	74	100	132	70	234	46	71	77	40
Other Non Operating Items	-87	-53	-5	-29	0	-53	-3	-1	-7	-41
Pre-Tax Income	833	129	253	203	248	372	65	183	82	41
Income Attributable to Wealth and Asset Management	-16	-6	-3	-3	-3	-8	-2	-1	-2	-3
Pre-Tax Income of Europe-Mediterranean	817	122	250	200	245	364	63	182	80	39
Cost/Income	70.3%	78.0%	64.7%	73.8%	66.1%	82.8%	87.9%	74.9%	84.8%	84.2%
Average loan outstandings (€bn)	35	35	35	35	34	34	34	35	34	34
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	37	38	38	37	37	37	38	37	36	37
Average deposits (€bn)	42	43	43	41	40	40	41	41	40	39
Cost of risk (in annualised bp)	41	11	58	53	43	39	34	17	65	42
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Poland and Türkiye)	5.5	5.5	5.4	5.2	5.1	5.0	5.0	5.0	5.0	5.1
RWA (€bn)	50.5	50.5	52.0	51.8	48.4	46.5	46.5	47.6	45.9	44.5
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Europe-Mediterranean (including 2/3 of Private Banking in Poland and Türkiye)
Revenues	2,321	526	601	560	634	1,926	445	508	461	512
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-1,641	-415	-391	-416	-420	-1,598	-393	-381	-392	-433
Gross Operating Income	680	111	210	145	214	327	52	127	69	80
Cost of Risk	-152	-10	-55	-48	-39	-145	-32	-15	-58	-39
Operating Income	528	101	155	97	174	182	20	112	10	41
Share of Earnings of Equity-Method Entities	376	74	100	132	70	234	46	71	77	40
Other Non Operating Items	-87	-53	-5	-29	0	-53	-3	-1	-7	-41
Pre-Tax Income	817	122	250	200	245	364	63	182	80	39
Cost/Income	70.7%	78.8%	65.0%	74.1%	66.3%	83.0%	88.3%	75.0%	85.1%	84.5%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	5.5	5.5	5.4	5.2	5.1	5.0	5.0	5.0	5.0	5.1
RWA (€bn)	50.5	50.5	52.0	51.8	48.4	46.5	46.5	47.6	45.9	44.5
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
BancWest (including 100% of Private Banking in United States)1
Revenues	2,731	722	733	657	619	2,426	626	588	587	625
incl. net interest income	2,282	605	615	542	519	2,026	502	493	493	538
incl. fees	450	117	118	114	100	400	124	96	94	87
Operating Expenses and Dep.	-2,061	-525	-566	-495	-475	-1,697	-457	-425	-406	-410
Gross Operating Income	670	197	167	162	144	729	169	163	182	215
Cost of Risk	39	-76	-49	-30	194	45	24	23	-8	7
Operating Income	709	121	119	132	337	774	194	186	173	222
Share of Earnings of Equity-Method Entities	0	0	0	0	0	0	0	0	0	0
Other Non Operating Items	4	0	2	2	-0	19	6	9	3	2
Pre-Tax Income	713	121	121	134	337	794	199	195	176	223
Income Attributable to Wealth and Asset Management	-52	-17	-18	-11	-7	-25	-7	-6	-5	-7
Pre-Tax Income of BancWest	660	104	103	123	330	769	192	189	171	216
Cost/Income	75.5%	72.7%	77.2%	75.4%	76.8%	70.0%	73.0%	72.3%	69.1%	65.6%
Average loan outstandings (€bn)	56	58	59	55	51	49	50	49	49	50
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	55	61	57	53	51	50	49	49	51	50
Average deposits (€bn)	73	72	75	73	72	69	72	71	68	65
Cost of risk (in annualised bp)	-7	50	34	23	-153	-9	-20	-19	7	-5
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in the United States)	5.6	5.6	5.6	5.4	5.2	5.0	5.0	4.9	5.0	5.0
RWA (€bn)	52.3	52.3	55.9	52.1	48.3	46.8	46.8	45.5	44.8	45.3
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
BancWest (including 2/3 of Private Banking in United States)
Revenues	2,632	694	703	635	600	2,361	608	572	571	609
incl. net interest income	0	0	0	0	0	0	0	0	0	0
incl. fees	0	0	0	0	0	0	0	0	0	0
Operating Expenses and Dep.	-2,014	-513	-554	-484	-463	-1,656	-446	-415	-395	-401
Gross Operating Income	618	180	150	151	137	704	162	157	176	208
Cost of Risk	39	-76	-49	-30	194	45	24	23	-8	7
Operating Income	657	104	101	121	331	750	187	180	168	215
Share of Earnings of Equity-Method Entities	0	0	0	0	0	0	0	0	0	0
Other Non Operating Items	4	0	2	2	-0	19	6	9	3	2
Pre-Tax Income	660	104	103	123	330	769	192	189	171	216
Cost/Income	76.5%	74.0%	78.7%	76.2%	77.2%	70.2%	73.3%	72.5%	69.1%	65.8%
Average loan outstandings (€bn)	0	0	0	0	0	0	0	0	0	0
Average deposits (€bn)	0	0	0	0	0	0	0	0	0	0
Allocated Equity (€bn, year to date)	5.6	5.6	5.6	5.4	5.2	5.0	5.0	4.9	5.0	5.0
RWA (€bn)	52.2	52.2	55.8	52.0	48.2	46.7	46.7	45.4	44.7	45.3
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Specialised businesses (Personal Finance, Arval & Leasing Solutions, New Digital Businesses & Personal Investors including 100% of Private Banking in Germany)1
Revenues	9,672	2,369	2,416	2,482	2,404	8,635	2,187	2,106	2,169	2,173
Operating Expenses and Dep.	-4,895	-1,244	-1,179	-1,199	-1,274	-4,616	-1,181	-1,087	-1,141	-1,207
Gross Operating Income	4,776	1,125	1,238	1,284	1,130	4,020	1,007	1,019	1,029	966
Cost of Risk	-1,619	-485	-396	-380	-357	-1,469	-378	-359	-378	-354
Operating Income	3,157	640	841	903	773	2,551	629	660	650	612
Share of Earnings of Equity-Method Entities	56	-5	21	24	16	49	22	17	-4	15
Other Non Operating Items	24	-8	3	28	0	35	7	36	-9	1
Pre-Tax Income	3,237	627	865	956	789	2,634	658	712	637	627
Income Attributable to Wealth and Asset Management	-2	-1	-0	-0	-1	-2	-1	-0	-0	-1
Pre-Tax Income of the specialised businesses	3,235	626	865	956	789	2,632	658	712	636	626
Cost/Income	50.6%	52.5%	48.8%	48.3%	53.0%	53.5%	54.0%	51.6%	52.6%	55.5%
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	121	123	123	121	118	117	116	117	117	117
Cost of risk (in annualised bp)	133	157	129	125	121	126	130	122	130	121
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Germany)	12.1	12.1	12.0	11.8	11.4	11.3	11.3	11.4	11.5	11.4
RWA (€bn)	111.6	111.6	109.0	108.6	106.8	102.3	102.3	100.7	101.7	104.0
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Personal Finance
Revenues	5,387	1,283	1,345	1,371	1,388	5,216	1,294	1,271	1,319	1,332
Operating Expenses and Dep.	-2,922	-739	-689	-718	-776	-2,804	-710	-644	-700	-750
Gross Operating Income	2,465	544	656	653	612	2,412	584	627	619	581
Cost of Risk	-1,373	-413	-336	-309	-315	-1,314	-346	-303	-344	-321
Operating Income	1,092	131	320	344	297	1,097	238	324	276	260
Share of Earnings of Equity-Method Entities	57	-5	22	26	14	53	22	16	-2	16
Other Non Operating Items	-29	-15	-2	-12	0	25	-2	36	-9	1
Pre-Tax Income	1,121	111	340	358	312	1,175	258	376	264	277
Cost/Income	54.2%	57.6%	51.2%	52.4%	55.9%	53.8%	54.9%	50.7%	53.1%	56.4%
Average Total consolidated outstandings (€bn)	94	96	94	94	93	91	91	90	91	91
Loan outstandings at the beginning of the quarter (used for cost of risk in bp)	96	97	97	96	94	93	93	94	93	93
Cost of risk (in annualised bp)	143	170	139	129	134	141	150	130	147	138
Allocated Equity (€bn, year to date)	8.1	8.1	8.1	8.0	7.7	7.7	7.7	7.8	7.8	7.8
RWA (€bn)	74.8	74.8	73.0	73.1	72.4	69.5	69.5	68.4	70.0	71.5
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Arval & Leasing Solutions
Revenues	3,438	858	874	895	811	2,675	709	658	670	639
Operating Expenses and Dep.	-1,395	-347	-341	-341	-366	-1,298	-328	-314	-319	-338
Gross Operating Income	2,043	511	534	553	445	1,377	381	344	350	301
Cost of Risk	-146	-30	-38	-49	-30	-150	-30	-54	-34	-32
Operating Income	1,897	482	496	505	415	1,227	351	291	317	269
Share of Earnings of Equity-Method Entities	8	2	1	1	4	7	3	3	1	2
Other Non Operating Items	52	7	5	40	0	0	0	0	0	-0
Pre-Tax Income	1,957	491	502	545	419	1,235	353	293	317	271
Cost/Income	40.6%	40.4%	39.0%	38.1%	45.1%	48.5%	46.2%	47.7%	47.7%	52.9%
Allocated Equity (€bn, year to date)	3.5	3.5	3.4	3.4	3.3	3.2	3.2	3.2	3.3	3.3
RWA (€bn)	32.0	32.0	31.2	30.7	29.5	29.3	29.3	28.9	28.2	29.0
Total consolidated outstandings (€bn)	49	51	49	49	48	46	47	46	46	45
Financed fleet ('000 of vehicles)	1,524	1,592	1,520	1,501	1,484	1,430	1,470	1,441	1,417	1,393
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
New Digital Businesses & Personal Investors (including 100% of Private Banking in Germany)1
Revenues	846	228	197	217	205	744	184	177	180	203
Operating Expenses and Dep.	-578	-158	-149	-139	-132	-513	-143	-130	-122	-119
Gross Operating Income	268	70	48	77	73	231	41	47	59	84
Cost of Risk	-100	-42	-23	-23	-12	-5	-1	-1	-1	-2
Operating Income	168	28	25	54	61	226	40	46	58	82
Share of Earnings of Equity-Method Entities	-10	-2	-2	-2	-3	-11	-3	-2	-3	-3
Other Non Operating Items	1	0	0	1	0	9	9	0	0	0
Pre-Tax Income	159	25	23	53	58	224	47	43	55	79
Income Attributable to Wealth and Asset Management	-2	-1	-0	-0	-1	-2	-1	-0	-0	-1
Pre-Tax Income of New Digital Businesses & Personal Investors	157	25	22	52	58	222	46	43	54	79
Cost/Income	68.3%	69.4%	75.7%	64.3%	64.4%	68.9%	77.6%	73.4%	67.5%	58.6%
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Germany)	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4	0.3	0.3
RWA (€bn)	4.8	4.8	4.9	4.8	4.9	3.5	3.5	3.4	3.4	3.5
Number of accounts opened for Nickel	0	0	0	0	0	0	0	0	0	0
Average Loans personal Investors (€bn)	1	2	2	2	1	1	1	1	1	1
Average deposits personal Investors (€bn)	30	30	31	31	30	28	30	28	27	26
AUM Personal Investors (€bn)	150	150	150	147	162	163	163	161	157	146
European Customer Orders (millions) of Personal Investors	42.4	9.2	10.1	10.1	13.0	44.9	11.8	10.7	10.0	12.4
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
New Digital Businesses and Personal Investors (including 2/3 of Private Banking in Germany)
Revenues	837	225	195	214	203	735	182	175	178	201
Operating Expenses and Dep.	-571	-156	-147	-137	-130	-506	-141	-128	-120	-117
Gross Operating Income	266	69	48	77	72	229	41	47	58	83
Cost of Risk	-100	-42	-23	-23	-12	-5	-1	-1	-1	-2
Operating Income	166	27	25	54	60	224	40	45	57	82
Share of Earnings of Equity-Method Entities	-10	-2	-2	-2	-3	-11	-3	-2	-3	-3
Other Non Operating Items	1	0	0	1	0	9	9	0	0	0
Pre-Tax Income	157	25	22	52	58	222	46	43	54	79
Cost/Income	68.2%	69.4%	75.5%	64.1%	64.3%	68.9%	77.6%	73.3%	67.3%	58.5%
Allocated Equity (€bn, year to date)	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4	0.3	0.3
RWA (€bn)	4.8	4.8	4.9	4.8	4.9	3.5	3.5	3.4	3.4	3.5
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Investment & Protection Services
Revenues	6,670	1,665	1,632	1,723	1,650	6,476	1,639	1,498	1,686	1,652
Operating Expenses and Dep.	-4,363	-1,157	-1,087	-1,068	-1,051	-4,218	-1,164	-1,038	-1,001	-1,015
Gross Operating Income	2,307	508	545	655	599	2,258	475	461	684	638
Cost of Risk	3	14	2	-6	-7	-7	7	-6	-3	-5
Operating Income	2,309	522	547	649	592	2,251	482	455	681	633
Share of Earnings of Equity-Method Entities	223	63	42	66	52	157	57	17	38	44
Other Non Operating Items	88	-3	39	13	39	92	-3	-4	2	97
Pre-Tax Income	2,620	582	627	729	683	2,499	537	468	721	774
Cost/Income	65.4%	69.5%	66.6%	62.0%	63.7%	65.1%	71.0%	69.3%	59.4%	61.4%
Asset Under Management (€bn) with 100% of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany	1,189	1,189	1,175	1,198	1,244	1,277	1,277	1,220	1,205	1,174
Allocated Equity (€bn, year to date)	10.0	10.0	10.0	10.0	9.9	12.0	12.0	11.8	11.6	11.5
RWA (€bn)	40.7	40.7	43.3	44.8	48.8	51.3	51.3	50.2	50.5	51.4
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Insurance
Revenues	2,774	608	658	787	721	2,827	655	613	767	792
Operating Expenses and Dep.	-1,558	-387	-391	-396	-384	-1,536	-410	-376	-367	-383
Gross Operating Income	1,216	221	267	391	337	1,291	245	237	399	409
Cost of Risk	-2	-0	-0	-1	-0	-1	-1	-0	-1	0
Operating Income	1,214	221	266	390	337	1,289	244	237	399	409
Share of Earnings of Equity-Method Entities	149	34	31	48	36	86	30	-2	25	33
Other Non Operating Items	12	-1	-1	14	1	-6	-2	-4	0	0
Pre-Tax Income	1,376	253	296	453	373	1,368	272	231	424	442
Cost/Income	56.2%	63.6%	59.5%	50.3%	53.3%	54.3%	62.6%	61.3%	47.9%	48.3%
Asset Under Management (€bn)	247	247	248	255	270	282	282	277	274	268
Allocated Equity (€bn, year to date)	7.1	7.1	7.1	7.2	7.2	9.4	9.4	9.2	9.1	9.0
RWA (€bn)	14.8	14.8	16.5	18.2	23.2	26.4	26.4	26.5	26.5	28.6
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Wealth and Asset Management
Revenues	3,896	1,057	974	936	929	3,649	984	885	919	861
Operating Expenses and Dep.	-2,806	-771	-696	-672	-667	-2,682	-754	-662	-634	-632
Gross Operating Income	1,091	287	278	264	262	967	230	223	285	229
Cost of Risk	5	14	2	-5	-7	-6	8	-5	-2	-5
Operating Income	1,095	301	280	259	255	962	238	218	282	223
Share of Earnings of Equity-Method Entities	74	29	11	18	16	72	28	19	13	12
Other Non Operating Items	75	-2	40	-1	38	98	-0	-0	2	96
Pre-Tax Income	1,244	328	331	276	310	1,131	265	237	297	331
Cost/Income	72.0%	72.9%	71.4%	71.8%	71.8%	73.5%	76.6%	74.8%	69.0%	73.4%
Asset Under Management (€bn) with 100% of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany	943	943	927	942	974	995	995	944	930	906
Allocated Equity (€bn, year to date)	2.9	2.9	2.9	2.8	2.8	2.6	2.6	2.6	2.5	2.5
RWA (€bn)	25.9	25.9	26.7	26.5	25.5	24.8	24.8	23.6	23.9	22.7
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Wealth Management
Revenues	1,612	421	409	393	389	1,476	365	375	369	367
Operating Expenses and Dep.	-1,230	-328	-306	-285	-311	-1,134	-290	-280	-270	-294
Gross Operating Income	382	93	103	108	78	342	75	95	99	73
Cost of Risk	3	13	1	-3	-7	-10	1	-2	-6	-4
Operating Income	385	106	104	105	71	332	77	93	93	69
Share of Earnings of Equity-Method Entities	0	0	0	0	0	0	0	0	0	0
Other Non Operating Items	39	-1	40	0	0	1	-0	0	1	0
Pre-Tax Income	424	104	144	105	71	333	77	93	94	69
Cost/Income	76.3%	78.0%	74.8%	72.5%	79.9%	76.8%	79.3%	74.7%	73.1%	80.1%
Asset Under Management (€bn) with 100% of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the US and Germany	411	411	408	411	421	427	427	412	411	403
Allocated Equity (€bn, year to date)	1.4	1.4	1.4	1.3	1.3	1.2	1.2	1.3	1.3	1.3
RWA (€bn)	12.1	12.1	13.3	13.4	12.4	11.9	11.9	11.2	11.4	11.4
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Asset Management (including Real Estate & Principal Investment)
Revenues	2,284	636	565	543	540	2,173	619	510	550	494
Operating Expenses and Dep.	-1,576	-442	-390	-387	-356	-1,548	-464	-381	-364	-338
Gross Operating Income	709	194	175	156	184	625	155	128	186	156
Cost of Risk	2	1	1	-2	1	5	6	-4	3	-1
Operating Income	710	195	176	154	185	630	161	125	189	155
Share of Earnings of Equity-Method Entities	74	29	11	18	16	72	28	19	13	12
Other Non Operating Items	37	-0	-0	-1	38	97	-0	-0	1	96
Pre-Tax Income	820	224	187	171	239	798	189	144	203	262
Cost/Income	69.0%	69.5%	69.0%	71.3%	65.9%	71.2%	75.0%	74.8%	66.2%	68.4%
Asset Under Management (€bn)	532	532	519	531	553	568	568	532	519	503
Allocated Equity (€bn, year to date)	1.5	1.5	1.5	1.5	1.5	1.3	1.3	1.3	1.3	1.2
RWA (€bn)	13.8	13.8	13.5	13.2	13.2	12.9	12.9	12.4	12.5	11.3
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Corporate and Institutional Banking
Revenues	16,465	3,858	3,799	4,106	4,702	14,236	3,264	3,588	3,714	3,670
Operating Expenses and Dep.	-10,753	-2,743	-2,343	-2,314	-3,353	-9,467	-2,348	-2,243	-2,042	-2,834
Gross Operating Income	5,712	1,115	1,456	1,792	1,349	4,769	915	1,346	1,672	836
Cost of Risk	-325	-157	-90	-76	-2	-173	80	-24	-57	-172
Operating Income	5,387	958	1,366	1,716	1,347	4,596	996	1,322	1,615	664
Share of Earnings of Equity-Method Entities	20	2	5	9	4	33	6	9	10	9
Other Non Operating Items	-10	-8	-3	-1	1	24	1	0	12	11
Pre-Tax Income	5,398	952	1,369	1,724	1,353	4,654	1,003	1,331	1,637	683
Cost/Income	65.3%	71.1%	61.7%	56.4%	71.3%	66.5%	72.0%	62.5%	55.0%	77.2%
Allocated Equity (€bn, year to date)	29.9	29.9	29.6	28.9	27.4	26.2	26.2	25.8	25.3	25.0
RWA (€bn)	244.0	244.0	266.5	260.7	256.2	234.8	234.8	236.7	231.8	224.9
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Global Banking
Revenues	5,218	1,522	1,181	1,248	1,268	5,087	1,324	1,282	1,238	1,243
Operating Expenses and Dep.	-2,878	-743	-663	-657	-815	-2,652	-655	-640	-589	-768
Gross Operating Income	2,340	779	518	591	453	2,435	669	642	649	475
Cost of Risk	-336	-155	-116	-85	20	-201	72	-24	-64	-185
Operating Income	2,004	624	402	505	473	2,234	741	618	585	290
Share of Earnings of Equity-Method Entities	4	1	1	1	1	16	1	1	9	6
Other Non Operating Items	0	0	0	0	0	-4	-1	-3	0	-0
Pre-Tax Income	2,009	626	403	506	474	2,246	740	616	594	296
Cost/Income	55.1%	48.8%	56.1%	52.7%	64.3%	52.1%	49.5%	49.9%	47.6%	61.8%
Average loan outstandings (€bn)	180	188	187	176	168	155	161	156	154	149
Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in bp)	175	189	179	170	163	152	156	153	154	145
Average deposits (€bn)	204	219	209	198	190	184	185	184	185	184
Cost of risk (in annualised bp)	19	33	26	20	-5	13	-18	6	17	51
Allocated Equity (€bn, year to date)	16.5	16.5	16.4	16.0	15.2	14.3	14.3	14.0	13.5	13.6
RWA (€bn)	146.3	146.3	155.5	149.0	145.3	133.8	133.8	137.4	134.5	124.0
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Global Markets
Revenues	8,660	1,657	1,986	2,196	2,821	6,820	1,338	1,731	1,904	1,846
incl. FICC	5,234	1,094	1,124	1,317	1,700	3,947	755	896	1,148	1,149
incl. Equity & Prime Services	3,426	563	863	878	1,121	2,872	583	835	757	697
Operating Expenses and Dep.	-5,806	-1,480	-1,167	-1,158	-2,000	-4,924	-1,224	-1,137	-999	-1,564
Gross Operating Income	2,855	177	819	1,038	821	1,896	115	594	905	282
Cost of Risk	11	-3	28	8	-21	27	10	-2	5	14
Operating Income	2,866	174	847	1,046	799	1,923	124	592	910	296
Share of Earnings of Equity-Method Entities	14	1	3	8	2	14	5	2	5	2
Other Non Operating Items	-10	-9	-1	-1	1	5	-5	4	2	3
Pre-Tax Income	2,870	166	848	1,053	802	1,942	125	598	917	302
Cost/Income	67.0%	89.3%	58.8%	52.7%	70.9%	72.2%	91.4%	65.7%	52.5%	84.7%
Allocated Equity (€bn, year to date)	12.0	12.0	11.8	11.5	10.9	10.7	10.7	10.7	10.7	10.4
RWA (€bn)	87.7	87.7	99.4	98.5	96.3	89.1	89.1	87.4	85.6	90.2
Average 99% 1-day interval VaR (value at risk) (€m)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Securities Services
Revenues	2,587	679	632	663	613	2,329	602	575	571	581
Operating Expenses and Dep.	-2,069	-520	-513	-499	-538	-1,892	-469	-465	-454	-503
Gross Operating Income	517	159	119	164	75	438	132	110	117	78
Cost of Risk	-0	1	-2	0	0	1	-2	2	2	-1
Operating Income	517	160	118	164	75	439	130	112	120	77
Share of Earnings of Equity-Method Entities	2	-1	1	0	1	4	0	6	-4	1
Other Non Operating Items	-0	1	-1	0	-0	23	7	-1	10	7
Pre-Tax Income	519	161	118	164	77	466	138	117	126	85
Cost/Income	80.0%	76.6%	81.1%	75.3%	87.7%	81.2%	78.0%	80.9%	79.4%	86.5%
Assets under custody (€bn)	11,133	11,133	10,798	11,214	11,907	12,635	12,635	12,273	12,067	11,638
Assets under administration (€bn)	2,303	2,303	2,262	2,256	2,426	2,521	2,521	2,451	2,388	2,295
Number of fransactions (in million)	36.9	36.9	35.5	38.0	38.6	35.5	35.5	32.8	33.3	35.7
Allocated Equity (€bn, year to date)	1.4	1.4	1.4	1.4	1.3	1.2	1.2	1.2	1.1	1.1
RWA (€bn)	9.9	9.9	11.6	13.2	14.6	11.8	11.8	11.8	11.7	10.6
€m	2022	4Q22	3Q22	2Q22	1Q22	2021	4Q21	3Q21	2Q21	1Q21
Corporate Center
Revenues	-279	-249	-46	-50	66	308	-5	-10	79	243
Operating Expenses and Dep.	-1,067	-190	-199	-168	-511	-903	-264	-178	-217	-244
Incl. Restructuring, IT Reinforcement and Adaptation Costs	-503	-188	-129	-110	-76	-292	-82	-62	-71	-77
Gross Operating Income	-1,346	-438	-245	-218	-445	-595	-269	-187	-138	-0
Cost of Risk	-185	59	-128	-63	-54	-159	0	-38	-67	-54
Operating Income	-1,531	-379	-372	-281	-499	-754	-269	-225	-205	-54
Share of Earnings of Equity-Method Entities	23	-38	19	19	23	16	4	13	-20	20
Other Non Operating Items	-59	51	-1	-66	-43	775	247	-61	298	292
Pre-Tax Income	-1,567	-366	-354	-328	-519	38	-18	-274	73	257
Cost/Income	-301.42%	-35.57%	-331.10%	-247.50%	723.16%	241.61%	-4056.60%	-1528.14%	246.54%	83.70%
Allocated Equity (€bn, year to date)	3.7	3.7	3.7	3.5	3.8	4.3	4.3	4.2	4.3	3.9
RWA (€bn)	37.1	37.1	27.9	28.3	22.1	28.7	28.7	33.4	32.4	35.2

&"Arial,Gras"&A

&1#&"Calibri"&10&K0078D7Classification : Internal

3.

€	31.12.22	30.09.22	30.06.22	31.03.22	31.12.21	30.09.21	30.06.21	31.03.21	31.12.20	30.09.20	30.06.20	31.03.20	31.12.19	30.09.19	30.06.19	31.03.19	31.12.18	30.09.18	30.06.18	31.03.18	31.12.17	30.09.17	30.06.17	31.03.17	31.12.16	30.09.16	30.06.16	31.03.16	31.12.15	30.09.15	30.06.15	31.03.15	31.12.14*	30.09.14*	30.06.14*	31.03.14*	31.12.13*	30.09.13*	30.06.13*	31.03.13*	31.12.12*	30.09.12*	30.06.12*	31.03.12*	31.12.11
DATA PER SHARE
Return on equity (%)
Return on Equity	9.1%	10.1%	11.0%	12.0%	8.9%	9.2%	9.4%	9.4%	6.7%	7.3%	7.7%	7.0%	8.5%	9.0%	9.6%	9.7%***	8.2%	9.5%***	9.6%	10.2%***	8.9%	9.8%	10.6%	10.4%	9.3%	9.8%	9.7%	9.4%	9.2%	9.6%	10.1%	9.6%	7.7%**	7.9%**	7.8%**	5.9%	6.1%	7.5%	7.7%	7.7%	8.9%	8.5%	9.1%	11.5%	8.8%
Return on Tangible Equity	10.2%	11.4%	12.4%	13.5%	10.0%	10.4%	10.6%	10.6%	7.6%	8.2%	8.7%	8.0%	9.8%	10.3%	11.0%	11.2%***	9.6%	11.0%***	11.2%	11.9%***	10.5%	11.6%	12.5%	12.3%	11.1%	11.7%	11.6%	11.2%	11.1%	11.7%	12.3%	11.7%	9.3%**	9.5%**	9.3%**	7.0%	7.3%	9.0%	9.3%	9.2%	11.1%	10.6%	11.3%	14.3%	11.1%
Number of shares (in millions)
Number of Shares (end of period)	1,234.0	1,234.0	1,234.0	1,234.0	1,234.0	1,250.0	1,250.0	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,249.8	1,248.9	1,248.6	1,248.4	1,247.9	1,247.0	1,246.5	1,246.5	1,246.4	1,246.4	1,246.3	1,246.2	1,246.1	1,246.0	1,246.3	1,246.2	1,246.2	1,245.2	1,244.7	1,244.5	1,244.3	1,242.3	1,253.8	1,253.7	1,207.8	1,207.7
Number of Shares excluding Treasury Shares (end of period)	1,233.0	1,233.0	1,232.0	1,233.0	1,234.0	1,246.0	1,249.0	1,248.6	1,248.1	1,248.5	1,247.7	1,249.1	1,248.6	1,248.4	1,248.1	1,247.4	1,247.6	1,248.8	1,248.5	1,248.2	1,248.1	1,246.4	1,246.9	1,245.1	1,246.1	1,243.6	1,245.6	1,243.6	1,244.8	1,244.3	1,242.9	1,241.6	1,243.0	1,240.0	1,241.4	1,244.1	1,242.4	1,240.8	1,241.6	1,241.2	1,238.8	1,234.8	1,238.0	1,190.6	1,191.8
Average number of Shares outstanding excluding Treasury Shares	1,233.0	1,233.0	1,233.0	1,233.0	1,247.0	1,248.0	1,248.0	1,248.1	1,247.8	1,247.8	1,248.0	1,248.2	1,248.0	1,247.8	1,247.6	1,247.5	1,248.3	1,248.4	1,248.2	1,248.1	1,246.4	1,246.1	1,245.8	1,245.5	1,244.5	1,244.4	1,246.1	1,243.8	1,243.0	1,242.5	1,241.9	1,241.6	1,241.9	1,242.1	1,242.9	1,242.9	1,241.3	1,241.0	1,240.8	1,239.7	1,214.5	1,207.1	1,192.3	1,191.2	1,197.4
Book value per share (€bn)
Book Value per Share	89.0	89.1	87.6	89.5	88.0	85.8	85.4	83.7	82.3	81.2	81.0	79.0	79.0	78.0	75.7	76.7	74.7	73.3	72.4	73.6	75.1	74.3	73.3	75.1	73.9	73.1	71.8	71.7	70.9	69.8	68.8	70.2	66.6	65.2	62.7	66.7	65.0	64.3	63.3	64.5	63.1	62.3	60.1	61.2	57.1
Tangible Book Value per Share	79.3	79.3	78.0	80.1	78.7	76.8	76.3	74.5	73.2	72.2	71.8	69.7	69.7	68.7	66.6	67.1	64.8	63.7	62.4	63.7	65.1	64.4	63.3	64.8	63.3	62.7	61.1	61.1	60.2	58.6	57.5	58.8	55.7	54.4	52.6	56.8	55.0	54.3	53.2	54.2	52.4	51.2	49.0	49.9	45.4
Book Value per Share non Reevaluated	91.9	90.2	88.1	89.3	87.8	85.6	85.3	84.0	82.7	81.5	80.0	78.2	77.3	75.9	74.5	75.6	74.3	73.2	71.6	72.8	72.6	71.4	69.9	70.7	69.0	67.7	66.1	66.5	65.5	64.9	63.5	62.7	61.7	60.5	59.4	64.5	63.4	62.7	61.5	61.6	60.5	60.2	59.2	60.2	58.2
Tangible Book Value per Share non Reevaluated	82.2	80.4	78.4	79.8	78.5	76.6	76.3	74.8	73.6	72.4	70.8	69.0	68.0	66.7	65.4	66.0	64.4	63.6	61.6	62.9	62.6	61.5	59.9	60.4	58.4	57.3	55.4	55.9	54.8	53.7	52.2	51.3	50.8	49.7	49.3	54.5	53.4	52.7	51.4	51.4	49.8	49.1	48.1	48.9	46.6
Earnings per share (€)
Net Earnings/(Loss) per Share	7.80	6.19	4.04	1.53	7.26	5.49	3.56	1.31	5.31	4.12	2.69	0.93	6.21	4.82	3.35	1.46	5.73	4.65	3.02	1.18	6.05	4.87	3.30	1.44	6.00	4.92	3.43	1.39	5.14	4.63	3.22	1.27	4.70	3.61	2.37	1.08	3.68	3.63	2.59	1.22	5.17	4.83	3.84	2.35	4.82
* Restated according to the IFRIC 21 interpretation (2014), IFRS 10-11 (2013) and IAS 19 (2012); ** Costs relative to the comprehensive settlement with US authorities have been restated
*** Excluding one-off items (see slides 5 of Q1 2015 results, Q2 2015 results, Q3 2015 results, FY 2015 results, Q1 2016 results, Q2 2016 results, Q3 2016 results, Q1 2017 results , Q1 2018 results, Q3 2018 results and Q1 2019 results)
€m	31.12.22	30.09.22	30.06.22	31.03.22	31.12.21	30.09.21	30.06.21	31.03.21	31.12.20	30.09.20	30.06.20	30.03.20	31.12.19	30.09.19	30.06.19	31.03.19	31.12.18	30.09.18	30.06.18	31.03.18	31.12.17	30.09.17	30.06.17	31.03.17	31.12.16	30.09.16	30.06.16	31.03.16	31.12.15	30.09.15	30.06.15	31.03.15	31.12.14*	30.09.14*	30.06.14*	31.03.14*	31.12.13*	30.09.13*	30.06.13*	31.03.13*	31.12.12*	30.09.12*	30.06.12*	31.03.12*	31.12.11
BALANCE SHEET SELECTED DATA
Total Assets	2,666,376	3,009,340	2,891,007	2,860,836	2,634,444	2,725,667	2,671,803	2,660,266	2,488,491	2,595,498	2,622,988	2,673,276	2,164,713	2,510,204	2,372,620	2,284,496	2,040,836	2,234,226	2,234,485	2,150,517
Financial Assets at Fair Value Through Profit or Loss	685,134	922,214	861,483	826,015	681,738	807,286	788,625	829,013	689,584	780,065	806,342	939,106	576,149	879,734	770,890	715,020	538,565	730,649	709,239	660,867
Financial Assets at Fair Value Through shareholders' equity	38,066	36,582	40,670	41,913	41,464	45,067	46,049	52,710	58,190	57,556	61,291	64,192	52,669	56,749	55,505	53,975	55,989	53,043	52,784	56,879
Derivatives used for hedging purposes	25,401	21,772	15,497	8,977	8,680	9,380	9,075	9,879	15,600	17,192	16,359	15,791	12,452	18,150	15,037	11,027	9,810	10,962	11,750	11,727
Financial Assets at amortised cost	1,003,650	1,034,428	1,011,567	994,203	944,261	988,007	976,885	974,384	946,831	968,899	1,000,981	1,001,020	935,923	936,797	924,239	896,550	860,500	841,084	841,664	825,038
of which Loans and Receivables Due From Credit Institutions	32,616	47,368	37,341	37,523	21,751	31,118	33,133	33,280	18,982	37,896	45,888	41,825	21,692	39,177	40,015	33,510	19,556	25,708	22,433	23,900
of which Loans and Receivables Due From Customers	857,020	869,500	855,044	838,965	814,000	835,693	825,226	821,991	809,533	811,409	828,053	841,099	805,777	797,357	793,960	783,273	765,871	744,632	747,799	734,053
Shareholders' Equity	121,792	120,764	115,945	119,050	117,886	116,169	115,991	113,788	112,799	111,786	111,469	109,037	107,453	107,157	104,135	105,340	101,467	99,876	98,711	100,102
Goodwill	5,294	5,295	5,282	5,164	5,121	7,424	7,551	7,626	7,493	7,584	7,719	7,794	7,817	7,821	7,694	8,260	8,487	8,458	8,389	9,482
BALANCE SHEET SELECTED DATA
Total Assets	1,960,252	2,158,500	2,142,961	2,197,658	2,076,959	2,173,877	2,171,989	2,121,021	1,994,193	2,145,416	2,138,509	2,392,177	2,077,758	2,068,648	1,906,652	1,882,798	1,810,522	1,856,671	1,858,495	1,960,881	1,907,200	1,993,505	1,969,943	1,965,283
Financial Assets at Fair Value Through Profit or Loss	590,172	727,833	688,976	729,452	691,727	769,014	789,489	769,343	684,983	841,533	828,859	1,039,669	813,647	837,782	739,416	717,518	683,711	740,799	728,969	804,083	762,740	797,284	797,616	820,463
Available-for-Sale Financial Assets	231,975	241,972	247,455	255,527	267,559	268,496	265,409	261,126	258,933	263,198	267,055	270,148	252,292	240,031	224,000	211,501	199,056	195,095	191,530	192,822	192,506	185,182	183,892	192,468
Loans and Receivables Due From Credit Institutions	45,670	46,741	46,345	49,187	47,411	54,204	55,967	42,665	43,427	40,647	43,803	46,018	43,348	50,330	54,280	87,002	57,545	80,495	72,756	56,254	40,406	38,778	49,883	49,369
Loans and Receivables Due From Customers	727,675	711,589	715,466	718,009	712,233	690,082	693,304	691,620	682,497	676,548	697,405	696,737	657,403	647,129	623,703	618,791	612,455	596,420	608,246	618,418	630,520	636,459	657,441	665,834
Shareholders' Equity	101,983	100,544	99,318	102,076	100,665	98,711	97,509	98,549	96,269	94,788	92,078	93,921	89,458	87,564	84,482	89,752	87,433	86,510	86,005	87,388	85,444	84,239	81,721	75,370
Goodwill	9,571	9,653	9,791	10,135	10,216	9,997	10,116	10,049	10,316	10,913	11,024	11,172	10,577	10,547	9,925	9,865	9,846	9,901	10,085	10,192	10,591	11,116	11,181	11,406
* Restated according to the IFRIC 21 interpretation (2014), IFRS 10-11 (2013) and IAS 19 (2012)
31.12.22	30.09.22	30.06.22	31.03.22	31.12.21	30.09.21	30.06.21	31.03.21	31.12.20	30.09.20	30.06.20	31.03.20	31.12.19	30.09.19	30.06.19	31.03.19	31.12.18	30.09.18	30.06.18	31.03.18**	31.12.17	30.09.17	30.06.17	31.03.17	31.12.16	30.09.16	30.06.16	31.03.16	31.12.15	30.09.15	30.06.15	31.03.15	31.12.14	30.09.14	30.06.14	31.03.14	31.12.13	30.09.13	30.06.13	31.03.13	31.12.12	30.09.12	30.06.12	31.03.12	31.12.11
CREDIT QUALITY METRICS*
Doubtful loans (€bn)	19.3	20.1	20.7	21.6	21.8	23.1	23.6	23.8	23.3	24.0	24.4	23.7	23.1	25.8	25.7	26.5	26.2	27.1	27.8	28.4	27.9	28.0	28.2	30.0	31.2	30.8	30.6	30.3	30.7	31.4	31.8	31.9	31.5	32.9	32.3	32.7	32.3	32.3	31.9	31.4	33.2	33.3	33.8	33.4	33.1
Allowance for loan losses (€bn)	14.0	14.7	15.1	15.8	16.1	17.0	16.8	16.8	16.7	17.1	17.6	17.3	17.1	19.4	19.2	20.1	19.9	21.5	22.1	22.1	25.3	24.9	25.1	26.8	27.8	27.2	27.2	26.9	26.9	27.8	27.8	27.8	27.2	28.5	26.6	26.6	26.3	26.3	26.4	26.5	27.6	27.4	27.2	27.1	27.2
Coverage ratio (%)	72.5%	73.1%	73.2%	73.3%	73.6%	73.6%	71.3%	70.6%	71.5%	71.3%	72.3%	73.2%	74.0%	75.2%	74.6%	75.9%	76.2%	79.3%	79.4%	77.8%	91%	89%	89%	89%	89%	88%	89%	89%	88%	89%	87%	87%	87%	86%	83%	81%	81%	81%	83%	84%	83%	82%	80%	81%	82%
Doubtful loans / gross outstandings (%)	1.7%	1.7%	1.8%	1.9%	2.0%	2.0%	2.1%	2.1%	2.1%	2.2%	2.2%	2.1%	2.2%	2.4%	2.5%	2.6%	2.6%	2.8%	2.9%	2.9%	3.3%	3.4%	3.4%	3.6%	3.8%	3.8%	3.9%	3.9%	4.0%	4.1%	4.0%	4.0%	4.2%	4.4%	4.5%	4.3%	4.5%	4.4%	4.3%	4.3%	4.6%	4.5%	4.4%	4.4%	4.3%
* Excluding Greek debt
'** New definition as from 01.01.18 Coverage ratio=Allowance (a) / Doubtful loans (b) (a) Stage 3 provisions (b) Impaired loans (stage 3) to customers and credit institutions, on-balance sheet and off-balance sheet, netted of guarantees, including debt securities measured at amortized costs or at fair value through shareholders' equity (excluding insurance)
Doubtful loans (a) / gross outstandings(b) (a) Impaired loans (stage 3) to customers and credit institutions, not netted of guarantees, including on-balance sheet and off-blance sheet and debt securities measured at amortized costs or at fair value through shareholders' equity (b) Gross loans outstanding to customers and credit institutions, on-balance sheet and off-balance sheet and including debt securities measured at amortized costs or at fair value through shareholders' equity

&1#&"Calibri"&10&K0078D7Classification : Internal

4.

€bn	31.12.22***	30.09.22***	30.06.22***	31.03.22***	31.12.21***	30.09.21***	30.06.21***	31.03.21***	31.12.20***	30.09.20***	30.06.20***	31.03.20***	31.12.19	30.09.19	30.06.19	31.03.19	31.12.18*	30.09.18*	30.06.18*	31.03.18*	31.12.17*	30.09.17*	30.06.17*	31.03.17*	31.12.16*	30.09.16*	30.06.16*	31.03.16*	31.12.15*	30.09.15*	30.06.15*	31.03.15*	31.12.14*	30.09.14*	30.06.14*	31.03.14*	31.12.13	30.09.13	30.06.13	31.03.13	31.12.12	30.09.12	30.06.12	31.03.12	31.12.11
PRUDENTIAL STATISTICS
Risk-Weighted Assets	745	766	756	745	714	712	705	703	696	686	696	697	669	677	669	667	647	645	657	638	641	635	638	640	638	630	634	624	630	624	630	642	614	607	620	617	560	550	563	578	552	565	578	576	614
Common equity Tier 1 Capital	91.8	92.8	92.0	92.1	92.0	92.5	91.1	89.7	88.8	86.6	86.0	83.3	81.2	81.1	79.7	77.9	76.2	75.9	75.4	74.2	76.1	75.6	75.5	75.0	74.1	72.9	71.2	69.4	69.6	68.0	67.9	67.2	64.5	62.6	63.3	67.7	65.7	69.4	68.6	67.9	64.7	64.6	63.2	60.1	58.9
Tier 1 capital	103.4	103.4	99.7	100.5	100.3	101.5	100.2	98.8	98.8	96.6	96.3	93.7	90.0	90.0	89.3	87.9	84.9	84.5	84.1	82.9	84.4	83.2	83.4	83.6	82.2	80.2	78.9	78.3	76.9	75.4	73.9	73.4	70.4	69.1	69.8	74.3	71.9	75.8	76.5	75.4	74.8	74.8	73.3	70.2	71.0
Total Eligible Capital	120.6	121.8	118.7	119.3	117.3	118.4	116.1	113.6	113.8	111.7	110.6	108.2	103.7	104.1	102.0	100.8	97.2	95.9	95.5	94.0	94.7	93.2	93.8	94.5	92.5	90.6	88.9	87.0	85.9	83.9	81.6	81.4	77.2	74.1	75.0	80.1	80.0	84.3	85.7	84.8	85.5	86.1	85.0	83.2	86.0
%	31.12.22***	30.09.22***	30.06.22***	31.03.22***	31.12.21***	30.09.21***	30.06.21***	31.03.21***	31.12.20***	30.09.20***	30.06.20***	31.03.20***	31.12.19	30.09.19	30.06.19	31.03.19	31.12.18*	30.09.18*	30.06.18*	31.03.18*	31.12.17*	30.09.17*	30.06.17*	31.03.17*	31.12.16*	30.09.16*	30.06.16*	31.03.16*	31.12.15*	30.09.15*	30.06.15*	31.03.15*	31.12.14*	30.09.14*	30.06.14*	31.03.14*	31.12.13	30.09.13	30.06.13	31.03.13	31.12.12	30.09.12	30.06.12	31.03.12	31.12.11
Common equity Tier 1 ratio	12.3%	12.1%	12.2%	12.4%	12.9%	13.0%	12.9%	12.8%	12.8%	12.6%	12.4%	12.0%	12.1%	12.0%	11.9%	11.7%	11.8%	11.8%	11.5%	11.6%	11.9%**	11.9%	11.8%	11.7%	11.6%	11.6%	11.2%	11.1%	11.0%	10.9%	10.8%	10.5%	10.5%	10.3%	10.2%	11.0%	11.7%	12.6%	12.2%	11.7%	11.7%	11.4%	10.9%	10.4%	9.6%
Tier 1 ratio	13.9%	13.5%	13.2%	13.5%	14.0%	14.3%	14.2%	14.0%	14.2%	14.1%	13.9%	13.4%	13.5%	13.3%	13.3%	13.2%	13.1%	13.1%	12.8%	13.0%	13.2%	13.1%	13.1%	13.1%	12.9%	12.7%	12.4%	12.6%	12.2%	12.1%	11.7%	11.4%	11.5%	11.4%	11.3%	12.0%	12.8%	13.8%	13.6%	13.0%	13.6%	13.2%	12.7%	12.2%	11.6%
Total capital ratio	16.2%	15.9%	15.7%	16.0%	16.4%	16.6%	16.5%	16.2%	16.4%	16.3%	15.9%	15.5%	15.5%	15.4%	15.2%	15.1%	15.0%	14.9%	14.5%	14.7%	14.8%	14.7%	14.7%	14.8%	14.5%	14.4%	14.0%	13.9%	13.6%	13.4%	13.0%	12.7%	12.6%	12.2%	12.1%	13.0%	14.3%	15.3%	15.2%	14.7%	15.5%	15.3%	14.7%	14.4%	14.0%
* Basel 3 (CRD4) taking into consideration CRR transitory provisions (but with full deduction of goodwill)
** Reminder: pro forma Core EquityTier 1 ratio as at 01.01.18: 11.7%
*** Including IFRS 9 transitional provisions

&1#&"Calibri"&10&K0078D7Classification : Internal

5.

€m	4Q22	3Q22	2Q22	1Q22	4Q21	3Q21	2Q21	1Q21	4Q20	3Q20	2Q20	1Q20	4Q19	3Q19	2Q19	1Q19	4Q18	3Q18	2Q18	1Q18	4Q17	3Q17	2Q17	1Q17	4Q16	3Q16	2Q16	1Q16	4Q15	3Q15	2Q15	1Q15	4Q14	3Q14	2Q14	1Q14	4Q13	3Q13	2Q13	1Q13	4Q12	3Q12	2Q12	1Q12	4Q11
AVERAGE ONE-DAY, 99% VALUE-AT-RISK	33	34	34	33	32	31	33	55	45	46	54	35	26	25	20	23	27	23	24	25	22	22	27	31	31	28	34	43	43	43	37	31	28	29	36	33	35	35	42	32	34	40	46	48	52

&1#&"Calibri"&10&K0078D7Classification : Internal