BRD Groupe Societe Generale S A : Quarterly summary of financial statements 2022 - 20223

June 30, 2022

September 30, 2022

December 31, 2022

March 31, 2023

June 30, 2023

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

ASSETS

Cash and due from Central Bank

7,534,142

6,786,543

7,625,002

7,455,414

10,137,630

Due from banks

7,152,539

7,191,100

7,220,963

5,867,141

5,643,792

Derivatives and other financial instruments held for trading

992,111

1,374,470

2,343,377

1,373,986

1,628,958

Financial assets at fair value through profit and loss

7,936

13,739

14,262

13,813

12,656

Financial assets at fair value through other comprehensive income

15,091,718

14,079,229

13,439,596

13,776,021

13,221,971

Financial assets at amortised cost

36,068,961

37,574,905

39,019,048

40,134,823

42,103,551

Loans and advances to customers

35,328,558

36,176,880

36,288,342

37,179,322

37,991,030

Treasury bills at amortised cost

740,403

1,398,025

2,730,706

2,955,501

4,112,521

Finance lease receivables

1,325,738

1,371,372

1,407,394

1,470,930

1,567,195

Investments in subsidiaries, associates and joint ventures

108,012

107,288

113,670

114,435

79,041

Property, plant and equipment

1,027,301

1,032,731

1,063,863

1,046,025

1,044,721

Investment property

15,983

15,863

15,503

15,213

14,986

Goodwill

50,130

50,130

50,130

50,130

50,130

Intangible assets

346,427

360,881

407,487

422,284

433,445

Current tax asset

7,484

-

23,563

-

-

Deferred tax asset

535,430

558,438

496,034

422,129

382,382

Other assets

534,834

646,122

590,963

665,372

617,682

Non-current assets held for sale

11,040

10,946

10,912

10,850

22,505

Total assets

70,809,786

71,173,757

73,841,767

72,838,566

76,960,645

LIABILITIES AND SHAREHOLDERS' EQUITY

Due to banks

621,502

735,453

636,888

759,990

1,143,855

Derivatives and other financial instruments held for trading

496,944

764,233

1,443,546

696,092

891,084

Due to customers

53,665,039

55,158,255

56,660,841

55,574,160

58,440,681

Borrowed funds

7,600,823

5,677,460

5,625,488

5,633,743

5,668,496

Subordinated debts

1,237,282

1,238,564

1,238,651

1,239,330

1,242,916

Current tax liability

40,116

53,630

5,595

37,642

77,701

Provisions

330,068

373,105

393,452

384,522

375,621

Other liabilities

846,553

864,076

877,540

904,821

835,691

Total liabilities

64,838,327

64,864,776

66,882,001

65,230,300

68,676,045

Share capital

2,515,622

2,515,622

2,515,622

2,515,622

2,515,622

Other reserves

(2,322,104)

(2,383,388)

(2,054,109)

(1,747,714)

(1,489,402)

Retained earnings and capital reserves

5,719,947

6,116,181

6,439,441

6,776,679

7,192,849

Non-controlling interest

57,994

60,566

58,812

63,679

65,531

Total shareholders' equity

5,971,459

6,308,981

6,959,766

7,608,266

8,284,600

Total liabilities and shareholders' equity

70,809,786

71,173,757

73,841,767

72,838,566

76,960,645

Tier 1 ratio

18.5%

18.0%

20.6%

18.1%

not available

CAR

22.1%

21.6%

24.3%

21.5%

not available

6M ended

9M ended

Year ended

3M ended

6M ended

June 30, 2022

September 30, 2022

December 31, 2022

March 31, 2023

June 30, 2023

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Interest from loans and financial leases

989,720

1,620,790

2,351,821

772,973

1,565,696

Interest from deposits with banks

14,909

31,950

60,254

52,631

137,443

Interest from treasury bonds

262,107

388,691

520,034

147,233

288,215

Interest income from hedging instruments

7,951

9,177

9,177

-

-

Interest and similar income

1,274,687

2,050,608

2,941,286

972,837

1,991,354

Interest on deposits

(113,167)

(244,370)

(434,301)

(221,803)

(483,284)

Interest on borrowings and other debts

(36,078)

(76,159)

(119,242)

(61,914)

(135,356)

Interest expense on lease liabilities

(2,383)

(3,719)

(5,042)

(1,324)

(2,840)

Interest expense from hedging instruments

-

(1,970)

(12,267)

(17,258)

(40,806)

Interest and similar expense

(151,628)

(326,218)

(570,852)

(302,299)

(662,286)

Net interest income

1,123,059

1,724,390

2,370,434

670,538

1,329,068

Fees and commission income

536,496

834,690

1,123,056

273,903

565,576

Fees and commission expense

(163,181)

(259,347)

(368,727)

(101,573)

(205,010)

Fees and commissions, net

373,315

575,343

754,329

172,330

360,566

Gain on derivative, other financial instruments held for trading and foreign exchange

133,856

227,809

316,229

90,534

169,635

Gain from financial instruments at fair value through other comprehensive income

2,415

2,415

2,415

-

-

Gain from financial instruments at fair value through profit and loss

2,352

2,019

2,541

1,538

4,157

Net (loss)/Income from associates and joint ventures

(4,418)

(1,040)

5,344

763

1,838

Other income/(expense) from banking activities

10,940

10,110

7,931

(364)

(3,812)

Total non-interest income

145,145

241,313

334,460

92,471

171,818

Net banking income

1,641,519

2,541,046

3,459,223

935,339

1,861,452

Personnel expenses

(415,227)

(648,981)

(898,901)

(223,879)

(461,791)

Depreciation, amortization and impairment on tangible and intangible assets

(113,111)

(170,557)

(228,889)

(59,929)

(121,564)

Contribution to Guarantee Scheme and Resolution Fund

(69,171)

(69,171)

(69,171)

(75,775)

(68,094)

Other operating expenses

(255,195)

(387,218)

(547,641)

(148,423)

(292,117)

Total operating expenses

(852,704)

(1,275,927)

(1,744,602)

(508,006)

(943,566)

Gross operating profit

788,815

1,265,119

1,714,621

427,333

917,886

Cost of risk

(46,095)

(36,898)

(95,106)

(9,448)

5,230

Operating profit

742,720

1,228,221

1,619,515

417,885

923,116

Profit before income tax

742,720

1,228,221

1,619,515

417,885

923,116

Current tax expense

(112,485)

(210,529)

(280,610)

(60,234)

(149,509)

Deferred tax income/(expense)

(13,464)

(2,114)

(1,817)

(15,548)

(6,087)

Total income tax

(125,949)

(212,643)

(282,427)

(75,782)

(155,596)

Profit for the period

616,771

1,015,578

1,337,088

342,103

767,520

Profit attributable to equity holders of the parent

608,509

1,004,744

1,328,008

337,236

753,410

Profit attributable to non-controlling interests

8,262

10,834

9,080

4,867

14,110

C/I

51.9%

50.2%

50.4%

54.3%

50.7%

June 30, 2022

September 30, 2022

December 31, 2022

March 31, 2023

June 30, 2023

(Unaudited)

(Unaudited)

ASSETS

Cash and due from Central Bank

7,534,141

6,786,477

7,624,933

7,455,347

10,137,628

Due from banks

7,136,879

7,175,282

7,204,987

5,851,012

5,628,732

Derivatives and other financial instruments held for trading

978,692

1,354,129

2,337,311

1,356,728

1,618,052

Financial assets at fair value through profit and loss

7,936

7,791

8,132

9,485

10,334

Financial assets at fair value through other comprehensive income

15,091,718

14,079,229

13,439,596

13,776,021

13,221,971

Financial assets at amortised cost

35,371,284

36,878,869

38,272,985

39,394,723

41,394,134

Loans and advances to customers

34,630,881

35,480,844

35,542,279

36,439,222

37,281,613

Treasury bills at amortised cost

740,403

1,398,025

2,730,706

2,955,501

4,112,521

Investments in subsidiaries, associates and joint ventures

159,087

159,087

129,964

129,964

115,744

Property, plant and equipment

1,008,953

1,015,195

1,046,443

1,025,579

1,021,754

Investment property

15,983

15,863

15,503

15,213

14,986

Goodwill

50,130

50,130

50,130

50,130

50,130

Intangible assets

345,140

359,264

405,667

420,390

431,655

Current tax asset

7,484

-

23,563

-

-

Deferred tax asset

521,929

545,057

478,893

413,678

369,153

Other assets

401,971

525,802

473,958

563,340

503,927

Non-current assets held for sale

11,040

10,946

10,912

10,850

22,943

Total assets

68,642,367

68,963,121

71,522,977

70,472,460

74,541,143

LIABILITIES AND SHAREHOLDERS' EQUITY

Due to banks

621,502

735,453

636,888

759,990

1,143,855

Derivatives and other financial instruments held for trading

496,944

764,233

1,443,546

696,092

891,084

Due to customers

53,796,167

55,316,544

56,915,740

55,793,184

58,626,400

Borrowed funds

5,770,889

3,793,031

3,567,262

3,568,748

3,579,033

Subordinated debts

1,237,282

1,238,564

1,238,651

1,239,330

1,242,916

Current tax liability

33,142

49,729

-

36,528

73,128

Provisions

320,113

363,199

380,172

364,083

365,815

Other liabilities

726,553

742,843

763,682

798,327

725,020

Total liabilities

63,002,592

63,003,596

64,945,941

63,256,282

66,647,251

Share capital

2,515,622

2,515,622

2,515,622

2,515,622

2,515,622

Other reserves

(2,322,104)

(2,383,388)

(2,054,109)

(1,747,714)

(1,489,402)

Retained earnings and capital reserves

5,446,257

5,827,291

6,115,523

6,448,270

6,867,672

Total shareholders' equity

5,639,775

5,959,525

6,577,036

7,216,178

7,893,892

Total liabilities and shareholders' equity

68,642,367

68,963,121

71,522,977

70,472,460

74,541,143

Tier 1 ratio

16.8%

18.2%

21.1%

18.2%

18.7%

CAR

20.7%

22.0%

24.9%

21.9%

22.4%

6M ended

9M ended

Year ended

3M ended

6M ended

June 30, 2022

September 30, 2022

December 31, 2022

March 31, 2023

June 30, 2023

(Unaudited)

(Unaudited)

Interest from loans and financial leases

916,354

1,509,725

2,201,210

729,281

1,473,753

Interest from deposits with banks

14,591

31,474

59,622

52,478

137,136

Interest from treasury bonds

262,107

388,691

520,034

147,233

288,215

Interest income from hedging instruments

7,951

9,177

9,177

-

-

Interest and similar income

1,201,003

1,939,067

2,790,043

928,992

1,899,104

Interest on deposits

(114,919)

(247,278)

(439,038)

(224,159)

(487,543)

Interest on borrowings and other debts

(26,993)

(61,202)

(94,620)

(48,464)

(105,506)

Interest expense on lease liabilities

(2,318)

(3,623)

(4,920)

(1,253)

(2,768)

Interest expense from hedging instruments

-

(1,970)

(12,267)

(17,258)

(40,806)

Interest and similar expense

(144,230)

(314,073)

(550,845)

(291,134)

(636,623)

Net interest income

1,056,773

1,624,994

2,239,198

637,858

1,262,481

Fees and commission income

514,363

801,960

1,079,100

264,386

546,475

Fees and commission expense

(158,522)

(252,571)

(359,906)

(99,850)

(200,647)

Fees and commissions, net

355,841

549,389

719,194

164,536

345,828

Gain on derivative, other financial instruments held for trading and foreign exchange

132,969

226,218

313,165

89,868

168,723

Gain from financial instruments at fair value through other comprehensive income

2,415

2,415

2,415

-

-

Gain from financial instruments at fair value through profit and loss

2,360

2,214

2,554

1,353

3,837

Net (loss)/Income from associates and joint ventures

(5,054)

(952)

(30,075)

-

17,040

Other income/(expense) from banking activities

46,372

44,647

42,412

(254)

6,309

Total non-interest income

179,062

274,542

330,471

90,967

195,909

Net banking income

1,591,676

2,448,925

3,288,863

893,361

1,804,218

Personnel expenses

(387,739)

(609,892)

(839,169)

(212,469)

(440,087)

Depreciation, amortization and impairment on tangible and intangible assets

(110,053)

(166,450)

(223,599)

(58,854)

(119,239)

Contribution to Guarantee Scheme and Resolution Fund

(69,171)

(69,171)

(69,171)

(75,775)

(68,094)

Other operating expenses

(239,387)

(361,980)

(508,946)

(139,506)

(277,406)

Total operating expenses

(806,350)

(1,207,493)

(1,640,885)

(486,604)

(904,826)

Gross operating profit

785,326

1,241,432

1,647,978

406,757

899,392

Cost of risk

(52,368)

(44,744)

(92,699)

(7,060)

(1,572)

Operating profit

732,958

1,196,688

1,555,279

399,697

897,820

Profit before income tax

732,958

1,196,688

1,555,279

399,697

897,820

Current tax expense

(103,237)

(197,402)

(264,300)

(60,092)

(143,496)

Deferred tax income/(expense)

(13,049)

(1,579)

(5,041)

(6,858)

(2,175)

Total income tax

(116,286)

(198,981)

(269,341)

(66,950)

(145,671)

Profit for the period

616,672

997,707

1,285,938

332,747

752,149

C/I

50.7%

49.3%

49.9%

54.5%

50.2%