Globenewswireยท2025-07-31 04:25Group Financial Performance - Group net income for H1 2025 reached EUR 3.1 billion, representing a 71% increase compared to H1 2024 [2][5][17] - Revenues for H1 2025 totaled EUR 13.9 billion, up 8.6% excluding asset disposals, exceeding the annual target of over 3% [5][11] - Operating expenses decreased by 2.6% in H1 2025 compared to H1 2024, ahead of the annual target of a decrease greater than 1% [5][12] - Cost-to-income ratio improved to 64.4% in H1 2025, below the initial target of less than 66% for the year [5][13] Shareholder Returns - The company announced a share buy-back program of EUR 1 billion, to commence on August 4, 2025 [5][19][20] - An interim cash dividend of EUR 0.61 per share will be paid on October 9, 2025, marking the introduction of a new distribution policy [5][18] Business Segment Performance - French Retail, Private Banking, and Insurance revenues increased by 6.5% in Q2 2025 compared to Q2 2024, with net interest income growing by 14.8% [8][29] - Global Banking and Investor Solutions reported revenues of EUR 2.6 billion in Q2 2025, up 0.7% year-on-year, driven by strong performance in Fixed Income and Currencies [9][42] - Mobility, International Retail Banking, and Financial Services saw revenues of EUR 2.0 billion in Q2 2025, up 7.2% compared to Q2 2024 [10][61] Cost Management - Operating expenses for Q2 2025 were EUR 4.3 billion, down 5.2% from Q2 2024, reflecting strong cost control measures [12][39] - The cost of risk remained low at 25 basis points in Q2 2025, below the target range of 25 to 30 basis points for the year [14][68] Capital and Liquidity - The Common Equity Tier 1 (CET1) ratio stood at 13.5% at the end of Q2 2025, significantly above the regulatory requirement [23][24] - The Liquidity Coverage Ratio (LCR) was 148% at the end of Q2 2025, indicating strong liquidity position [23][24]