2023 RESULTS In 2023, the underlying net banking income of the Wealth Management business line amounted to €1,022.9 million, up +10% compared with 2022. Expenses excluding SRF were up +7% to €824 million, mainly related to the inflationary environment, one-off costs linked to the planned acquisition of Bank Degroof Petercam and other non-recurring expenses. The scissor effect over 2023 was therefore positive at +3 percentage points. Underlying gross operating income increased by +26% to €195.3 million. In total, net income Group share reached €127.5 million, up +13% compared with 2022. ASSETS UNDER MANAGEMENT With more than €135 billion in assets under management (+4% as of 31/12/2023), Indosuez Wealth Management is among the world’s leading wealth management companies. Despite unfavourable market conditions attributable to the rise in interest rates and geopolitical upheavals, the Group recorded net private client inflows of €2.6 billion. These results reflect the diversification of its activities, the relevance of its strategy and strong sales momentum in this segment. Indosuez’s value proposition has been strengthened, particularly in terms of its real estate, structured products and responsible offering. ASSET ALLOCATION IN % A diversified asset allocation, reflecting our ambition to protect and grow our clients' wealth. NBI (€ MILLION) Key figures €135.1 BN IN AUM A LOCAL approach AND INTERNATIONAL support 2021 841.3 2022 929.4 2023 1,022.9 25 Funds 24 ↗ Compared to 2022, in %. 22 Cash assets 23 ↘ 16 Equities 15 ↗ 5 Structured products 4 ↗ 4 Other 4 → 16 Bonds 15 ↗ 13 Life Insurance 15 ↘ Annual Report 2023 11
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