2024 RESULTS In 2024, Indosuez Wealth Management’s net banking income was €1,397 million, up 36.6% compared to end-December 2023, benefiting in particular from the integration of Degroof Petercam in June 2024. Expenses excluding SRF were up 37.5% due to the scope effect of Degroof Petercam in addition to €26.4 million in integration costs. Adjusted for these factors, 2024 expenses were up slightly by 2.8% compared to 2023. Gross operating income increased by 35% to €264 million. The cost of risk at end-2024 was €15 million, up €11 million compared to endDecember 2023, due to the inclusion of disputes and provisioning for various issues. Net losses on other assets amounted to €23 million, mainly corresponding to acquisition costs for Degroof Petercam, restated for specific items. Net income Group share for 2024 came to €142 million, up 11.1% compared to 2023. Restated before integration and acquisition costs, net income Group share for 2024 amounted to €177 million. NBI (€ MILLIONS) Key figures ASSETS UNDER MANAGEMENT With €215 billion in assets under management at 31 December 2024, the Indosuez Wealth Management Group posted €87 billion (or +68.2%) in growth given the €69 billion scope effect for the acquisition of Degroof Petercam in June 2024. 2022 929 2023 1,029 2024 1,397 €215 bn in AuM +€87 bn in growth +11.1% in net banking income Annual Report 2024 11
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