{"id":8656,"date":"2022-08-29T13:54:37","date_gmt":"2022-08-29T11:54:37","guid":{"rendered":"https:\/\/www.oklein.fr\/?p=8656"},"modified":"2022-08-29T13:54:39","modified_gmt":"2022-08-29T11:54:39","slug":"bred-achieves-excellent-2022-half-year-results","status":"publish","type":"post","link":"https:\/\/www.oklein.fr\/en\/bred-achieves-excellent-2022-half-year-results\/","title":{"rendered":"BRED achieves excellent 2022 half-year results"},"content":{"rendered":"\n

NET BANKING INCOME AT \u20ac827.8M UP +7.4%<\/strong>

GROWTH IN NBI IN COMMERCIAL BANKING FRANCE (+8.6%)<\/strong> AND THE INTERNATIONAL DIVISION (+ 39.6 % at constant exchange rate)<\/strong>

EXCELLENT COST\/INCOME RATIO AT 53.9%<\/strong>

NET INCOME OF \u20ac266.6 M, UP +12,4%<\/strong>

SHAREHOLDERS’ EQUITY<\/strong> AT 5.8\u20acbn<\/strong><\/p><\/blockquote>\n\n\n\n

The BRED Group recorded consolidated half-year net banking income (NBI) up +7.4%, to \u20ac827.8 million. Excluding exceptional items, NBI increased by 7.8%. It benefits from the excellent momentum of the various divisions: commercial banking in France (mainland and overseas), Corporate Banking Division and from the continued development of international subsidiaries.<\/p>\n\n\n\n

Growth in Net Banking Income \u2013 BRED Group (in M\u20ac)<\/h3>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

Breakdown of Net Banking Income (excluding non-recurring items)<\/h3>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

Operating expenses increased by 9%. Restated for the increase in variable compensation resulting from the improvement in results, operating expenses increased by 7.7%, reflecting IT investments and support for the growth of our subsidiaries.<\/p>\n\n\n\n

As a result, the gross operating income increased by 5.5% (6.6% excluding exceptional items), to reach a remarkable level, at \u20ac381.7m at the end of the first half of 2022.<\/p>\n\n\n\n

The cost of risk, under control, and with no effect of sectoral provisions reversal, was down 28% and represented \u20ac40.6 million.<\/p>\n\n\n\n

Evolution of the cost of risk in M\u20ac<\/h3>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

The half-year Net Income (NI), Group share reached a level of \u20ac266.6 million, witnessing the solidity of the BRED Group. Excluding exceptional items, it amounted to \u20ac267.1 million.<\/p>\n\n\n\n

Growth in consolidated net profit in M\u20ac<\/h3>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

Shareholders\u2019 equity amounted to \u20ac5.8 billion as of June 30, 2022, with an overall solvency ratio of 15.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"

NET BANKING INCOME AT \u20ac827.8M UP +7.4% GROWTH IN NBI IN COMMERCIAL BANKING FRANCE (+8.6%) AND THE INTERNATIONAL DIVISION (+ 39.6 % at constant exchange rate) EXCELLENT COST\/INCOME RATIO AT 53.9% NET INCOME OF \u20ac266.6 M, UP +12,4% SHAREHOLDERS’ EQUITY AT 5.8\u20acbn The BRED Group recorded consolidated half-year net banking income (NBI) up +7.4%, to […]<\/p>\n","protected":false},"author":1,"featured_media":4649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-8656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank"],"acf":[],"yoast_head":"\nBRED achieves excellent 2022 half-year results - Le Blog Note d'Olivier KLEIN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oklein.fr\/en\/bred-achieves-excellent-2022-half-year-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRED achieves excellent 2022 half-year results - 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