2021 annual results

  • Attributable net profit of €636 million
  • Attributable net profit excluding PPA adjustments up 36.2% at €1,005 million
  • Business line net banking income2 up 6.2% to €8,261 million
  • 2.5-point improvement in the business line cost-income ratio3 to 70.2%
  • Low cost of risk at 16 bps
  • Group RONE4 up 1.9 points to 8.2% in line with 2025 targets

A robust capital structure

  • Dividend accrual of €1,542 million (including €1,256 million catch-up distribution)
  • Robust CET1 ratio of 19.1%5 (post-dividend) at La Banque Postale level
  • SCR coverage ratio of 217% (CNP Assurances)
  • Rating agencies recognised an improved credit profile: ratings upgraded by Fitch Ratings to A with a stable outlook and by S&P Global Ratings to A+ with a stable outlook.

2021 interim results


  • Attributable net profit up 7% at €499 million (excluding first-time consolidation entries and PPA adjustments)
  • Net banking income rose 9% to €3,956 million
  • 3.9-point improvement in underlying cost-income ratio to 69.1%
  • RONE of 8.2% 
  • Cost of risk at a low 13 bps in an environment shaped by a gradual recovery from the crisis


  • Solid CET1 ratio of 20.2% for La Banque Postale Group
  • Solvency II ratio of 219% for CNP Assurances
  • Very strong liquidity position, with LCR of 220%
  • Robust NSFR at 146%


  • Faster customer migration to digital solutions: 8.3 million users per month (up 12%)
  • Launch of a fully digitised account application process
  • New and more user-friendly La Banque Postale app