Strong Revenue Growth
Revenues increased by 10% excluding asset disposals, surpassing the full-year target of more than 3% growth.
Significant Cost Reduction
Costs were reduced by more than 4%, achieving a cost-to-income ratio of 65%, which is better than the target of less than 66% by year-end and an improvement of 10 percentage points compared to Q1 2024.
Improved ROTI
Return on Tangible Equity (ROTI) climbed to 11%, exceeding the year-end guidance of more than 8%.
Strong Capital Position
The CET1 ratio reached 13.4% post Basel IV implementation, ahead of the year-end target.
French Retail Banking Improvement
French retail banking division saw a cost-to-income ratio decrease from 86% in Q1 2024 to 68% in Q1 2025, driven by a 16.5% revenue increase and a 6.6% cost reduction.
Global Markets and Investor Services Performance
Total revenues for GMIS increased by 10% from Q1 2024, with equities revenues up by 22%.