2nd Quarter and 1st Half 2022 Results
IFRS 9 MONITORING
METHODOLOGY APPLIED
As of Q2 22, IFRS 9 parameters were updated in order to take into account the current economic environment:
•
3 macroeconomic scenarios were retained to capture the uncertainties around the war in Ukraine and the continuation of the Covid19 pandemic: central,
favourable and stress. The central scenario assumes that the growth in the eurozone would be lower in 2022 and 2023 due to a high level of inflation and the
probable recession scenario in case of the termination of energy supply from Russia.
• Additional sector / areas-at-risk adjustments to compensate for more favorable macroeconomic parameters
MACROECONOMIC SCENARIOS (FRANCE GDP GROWTH)
115
110
105
100
95
90
2021
2022
2023
2024
2025
*scenario weighting in IFRS 9 expected credit loss calculation
SOCIETE
GENERALE
-
SG FAVOURABLE 10%*
SG CENTRAL 60%*
SG STRESS 30%*
2ND QUARTER AND 1ST HALF 2022 RESULTS |3 AUGUST 2022View entire presentation