- Attributable net profit of €831 million, up sharply 61.4% vs. H1 2024;
- Growth in NBI to €3.9 billion (+7.9% year-on-year) in the first half of 2025, in line with growth in NIM (+26.5%) and the strong performance of life insurance;
- Strongly positive jaws effect (+8.6 points);
- Operating expenses of €2.5 billion, down 0.7% vs. H1 2024, thanks to effective management of expenses;
- The cost-income ratio stood at 62.5%, down 5.4 points;
- RONE up to 12.4% (+4.7 points vs. H1 2024)*$
RONE = Attributable net profit/Average risk-weighted assets capitalised at 14%.
Financial Structure
- A high solvency position, with a CET 1 ratio of 18.2%;
- Robust liquidity position with LCR ratios at 178% and NSFR at 126%;
- CNP Assurances Group SCR coverage ratio of 242% at the end of the first half of 2025 (+5 points vs. 31 December 2024).
Positive market indicators
- Increase in sales in the commercial space of Post offices (+18%) and digital (+28%);
- Significant growth in the number of Louvre Banque Privée - La Banque Postale dual-banking customers*$ (+57% year-on-year);
- Growth in revenue from insurance businesses (+14%) driven by the momentum of new money in the wealth savings segment and in the La Banque Postale network.
Wealth management customers of La Banque Postale Retail Banking benefiting from the wealth management offer of Louvre Banque Privée.
Non-financial performance
- Increase in the share of sustainable financing*$ (+3 points*$ compared to H1 2024) to reach 34% of total originations;
- Marginal exposure to fossil fuels at 0.005%*$.
In total new medium- and long-term loan originations intended for retail customers, corporates and institutions in support of the energy transition and social and regional projects.
The classification of consumer finance sustainable loans was subject to a methodological change in early 2025.
Proportion of financing and investment in the “Corporates” portfolio in the coal, oil and gas sectors, excluding companies with a transition plan and/or renewable energy projects The net exposure at 31 December 2024 was €1.72 million.
Our significantly improved interim results reflect the recovery of our banking activities and the strong performance of our insurance businesses, despite a still volatile macroeconomic environment. This growth reflects the smooth progress of our transformation plan, whose results continue to gain traction and strengthen our bancassurance model.
Stéphane Dedeyan, Chairman of the Executive Board
