ACTIVITY REPORT 2021 BRED Group consolidated income statement excluding non-recurring items (in millions of euros) 2021 Increase Net banking income 1,452.9 + 14.6% Operating expenses excluding SRF and BPCE contribution - 748.7 + 6.3% Expenses - 802 + 5.5% Gross operating profit 650.9 + 28.1% Cost-to-income ratio 55.2% - 4.7 pt Cost of risk - 124.1 - 24.9% Operating profit 526.8 + 53.7% Pre-tax profit 554.4 + 50% Net profit 412.8 + 55.9% Net profit attributable to equity holders 410.8 + 55.2% of the parent company 43 Open to the world