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
HIGHER PROFIT
- 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
A VERY ROBUST CAPITAL STRUCTURE
- 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 DIGITAL TRANSFORMATIONF
- 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