2nd Quarter and 1st Half 2022 Results
GROUP
ROE/ROTE CALCULATION DETAIL
End of period (in EURm)
Q222
Q2 21
H122
H121
Shareholders' equity Group share
64,583
63,136
64,583
63,136
Deeply subordinated notes
(8,683)
(8,905)
(8,683)
(8,905)
Undated subordinated notes
(62)
Interest of deeeply & undated subodinated notes, issue premium amortisations (1)
(8)
(1)
(8)
(1)
OCI excluding conversion reserves
854
(699)
854
(699)
Distribution provision (2)
(1,193)
(1,021)
(1,193)
(1,021)
Distribution for N-1
(914)
(914)
ROE equity end-of-period
Average ROE equity*
Average Goodwill
54,638
52,448
54,638
52,448
54,833
52,161
54,751
51,856
(3,646)
(3,927)
(3,636)
(3,928)
Average Intangible Assets
(2,723)
(2,542)
(2,738)
(2,524)
Average ROTE equity*
48,464
45,692
48,377
45,404
Group net Income
(1,482)
1,439
(640)
2,253
Interest on deeply subordinated notes and undated subordinated notes
(159)
(165)
(278)
(309)
Cancellation of goodwill impairment
2
Ajusted Group net Income
(1,641)
1,274
(916)
1,944
Average ROTE equity*
ROTE
48,464
45,692
48,377
45,404
-13.5%
11.2%
-3.8%
8.6%
Underlying Group net income
Interest on deeply subordinated notes and undated subordinated notes
Cancellation of goodwill impairment
Ajusted Underlying Group net Income
Average ROTE equity (underlying)*
Underlying ROTE
1,505
1,349
3,079
2,647
(159)
(165)
(278)
(309)
2
1,346
1,184
2,803
2,338
51,451
45,602
52,096
45,797
10.5%
10.4%
10.8%
10.2%
ROE/ROTE: see Methodology (1) Interest net of tax, payable or paid to holders of deeply subordinated notes & undated subordinated notes, issue premium amortisations (2) The dividend to be paid is calculated based on a pay-out ratio of 50% of the underlying
Group net income, after deduction of deeply subordinated notes and on undated subordinated notes
* Amounts restated compared with the 2020 financial statements (See Note 1,7 of the financial statements)
SOCIETE
GENERALE
2ND QUARTER AND 1ST HALF 2022 RESULTS 13 AUGUST 2022
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