Understanding our 2014 Q2 results

Frédéric Oudéa's editorial

The announcement of the second quarter 2014 results is our first meeting since the presentation of our strategic plan on 13 May. The performance of the businesses over the quarter demonstrates the relevance and strength of our growth-driven model, and we are fully on track with our roadmap. In a mixed economic environment with historically low interest rates, the Group posted a solid commercial performance. Earnings from the businesses are good, continuing the trend from the first quarter.

2014 Q2 key figures

  • EUR 6.3bn (+0.6%* vs. Q2 13)
    Revenues from Group businesses

  • -1.3%* vs. Q2 13
    Decline in operating expenses

  • -22.6%* vs. Q2 13
    Sharp decline in the net cost of risk

    * When adjusted for changes in Group structure and at constant exchange rates.

  • EUR 1.0bn (+7.8% vs. Q2 13)
    Group net income

  • ROE of 8.8% (+0.4 points vs. Q2 13)
    Return on equity

  • Basel 3 Common Equity Rier 1 Ratio of 10.2%

2014 H1 key figures

  • EUR 1.3bn
    Group net income

Results by business

The good performance of the businesses in Q2 2014 illustrates the relevance of our banking model.

French Retail Banking
International Retail Banking & Financial Services
Global Banking & Investor Solutions
Corporate Center

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