ACTIVITY REPORT 2021 PROXIMITY: SOURCE OF RESILIENCE AND PERFORMANCE I SABELLE GRATIANT CHAIR OF THE BOARD OF DIRECTORS BRED’s excellent results are the fruit Far from the pressure of the financial markets, its status as of the continuous and sustained efforts a cooperative enables BRED to preserve its local proximity of its teams, to support its members banking model, through a strong local presence, to be and its customers throughout this year attentive to its members and customers, to constantly marked by the health crisis. adapt, to anticipate, and to drive the changes required by economic, social and environmental transformations. These results are part of a long-term process and further increase its means of development in France and abroad.One of its distinctive features? A concern for local presence: some banks are closing their branches and reducing the Guided by its cooperative values, BRED thinks and actsnumber of advisers. BRED wants to be available for its over the long term. It is by being true to them that BRED customers. can fully support its customers faced with economic and social realities, the demands of daily life and the need toBRED stands by each customer, each member, in all its plan for the future. territories, with an increased commitment overseas and an unwavering desire to be present abroad. This proximity and local presence enable BRED to have in-depth knowledge of regional stakeholders and issues. The pandemic revealed trends - as is shown by the increased use of digital technology - but above all it has reminded us that human relations are BRED stands essential, digital technology enhances the human aspect. Investments are made continually to train advisers, renovate by each customer branches and deploy digital tools in order to strengthen the local banking model. and each member, in all its territories Consequently, with the support of its cooperative customers, who have once again shown their commitment to its cooperative model by subscribing to the capital increase, and driven by its cooperative values, BRED is preparing to meet future challenges by defending a vision of the economy that combines performance with attention to people in its local and regional environment. 10 dlrow eht ot nepO