Quarterly Financial Information

• Net banking income for the core businesses of EUR 5.9bn (-5.9% vs. Q3 16): substantial growth in International Retail Banking & Financial Services (+5.2%*), revenue decline in Global Banking & Investor Solutions, in a historically low volatility environment (-14.7% vs. Q3 16), and in French Retail Banking (-6.6%⁽¹⁾ vs. Q3 16) against a backdrop of low interest rates.
• Group book net banking income was slightly lower (-0.9%) at EUR 5,958m (EUR 6,010m in Q3 16).
• Stable operating expenses: -0.4% vs. Q3 16.
• Commercial cost of risk⁽²⁾ halved, at 17bp in Q3 17 (34bp in Q3 16) reflecting the improvement in the Group’s risk profile observed for several quarters. Additional allocation to the provision for disputes of EUR 300m.
• Book Group net income of EUR 932m in Q3 17 (EUR 1,099m in Q3 16).
• Group net income excluding non-economic items of EUR 894m in Q3 17 (EUR 1,257m in Q3 16).
• Fully-loaded CET 1 ratio of 11.7% (stable vs. June 30th, 2017).

9M 17: INCREASE IN UNDERLYING GROUP NET INCOME

• Underlying net banking income⁽³⁾ of EUR 18.8bn (+0.4% vs. 9M 16)
• Underlying operating expenses⁽³⁾ under control: +1.2% vs. 9M 16
• Underlying Group net income⁽³⁾ of EUR 3,616m, up +16.9% vs. 9M 16
• Underlying ROE⁽³⁾ of 9.0% (8.0% in 9M 16)

EPS**: EUR 3.12 in 9M 17 (EUR 4.19 in 9M 16). Provision for dividend of EUR 1.65/share

Presentation of the strategic plan on November 28th, 2017

The footnotes * and ** in this document are specified below:
*     When adjusted for changes in Group structure and at constant exchange rates.
** Excluding non-economic items.