BPCE: reported net income of 917 ME in Q3
Revenues from the Retail Banking and Insurance division (BPA) came to 3,721 million euros (-8%) in Q3 2023 and 11,267 million euros (-9%) in 9 months 2023. The Global Financial Services division reported revenues up 2% in Q3 2023 and 9 months 2023, to 1,736 million euros and 5,356 million euros respectively.
Net interest margin reached 2.0 billion euros in Q3 2023, down 17% year-on-year. Commissions rose by 4% to 2.5 billion euros in Q3 2023 and were stable at 7.5 billion euros in 9 months 2023.
Reported net income attributable to equity holders of the parent in Q3 2023 totaled 917 million euros, down 28% (1,273 million euros in Q3 2022) and reached 2,423 million euros in 9 months 2023 compared with 3,211 million euros in 9 months 2022 (-25%).
Underlying net income attributable to equity holders of the parent came to 957 million euros in Q3 2023, down 28% on Q3 2022 (1,337 million euros) and 2,445 million euros in 9 months 2023 (-26%).
Groupe BPCE's CET1 ratio at end-September 2023 reached an estimated 15.4%, compared with 15.2% at end-June 2023.
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