Results for the full year and 4th quarter of 2011

• Strong operational performance:
  Net banking income up 1.4% to a total of 23.1 billion euros
  Gross operating income up 3.1% to a total of 7.5 billion euros

• Net income attributable to equity holders of the parent:
  2.6 billion euros, down 27% compared with 2010, impacted by non-operational items for a total of 723 million euros.
  If non-operational items are excluded, net income stands at 3.4 billion euros, down 7% compared with 2010

• Major commitment by Groupe BPCE to finance the French economy:
  6.5% annual growth in loan outstandings[1].
• Recurrence of results posted by the core business lines:
  income before tax of 6 billion euros, reflecting a limited 3% decline compared with 2010 in spite of adverse market conditions.
• Capital adequacy further reinforced: Basel 2.5 Core Tier-1 ratio of 9.1 %[2].
  Capital shortfall, on the basis of EBA requirements for June 6, 2012, reduced from 3.7[3] billion euros to 0.7 billion euros in one quarter.
  Confirmation of the target to achieve Tier-1 Common equity under Basel 3 in excess of 9% in 2013 (without transitional measures[4]).
• Debt-reduction program ahead of target:
  1/3 of the debt-reduction program had already been completed at the end of 2011.

Access the 4th quarter & full year 2011 results presentation

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^{[1] At December 31, 2011, source: Banque de France / Financing the French economy
[2] Estimate at December 31, 2011 – Excluding the floor effect
[3] Calculated using the EBA’s stress test methods of December 8, 2011
[4] After restating deferred tax assets}

For further details:

• Read the Press Release (220.45 ko)

• Download the slideshow (934.59 ko)