Eric Vial President Mathieu Ferragut Chief Executive Officer Message from General Management CFM Indosuez Wealth Management The year 2024 allows CFM Indosuez Wealth Management to once again demonstrate the continued strength of its results and its ability to navigate an uncertain global environment. Geopolitical tensions persisted, notably with the escalation of the conflict in the Middle East and the prolongation of the war in Ukraine, generating increased volatility on the financial markets. Faced with these challenges, our teams have supported our customers by drawing on their expertise and in-depth knowledge of their expectations, to provide them with a high-quality, made-to-measure service. In 2024, CFM Indosuez's consolidated revenues amounted to €199.4 million, up 1.1% on the previous year. Net profit (group share) came to €59.4 million, a very fine performance, despite a slight fall of -2.4% compared with an all-time high in 2023. These results reflect not only the effectiveness of our financial strategies, but also the expertise of our teams. While dynamic transactional activity has contributed to this high level of NBI, our success is based above all on the commitment of our employees. The results of the independent Indice de Mise en Responsabilité (IMR - Accountability Index) survey continue to show a strong sense of pride among our employees. These results underline the effectiveness of our management transformation initiatives. In 2024, we made significant progress in the three pillars of our Ambitions 2025 business plan: the Customer Project, the People Project and the Social Project. The completion of these developments on schedule and within budget demonstrates our ability to deliver on our strategic ambitions with discipline and efficiency. We would like to thank our directors and the Monegasque authorities for their ongoing support and renewed confidence. The history of CFM Indosuez is closely linked to that of the Principality, reflecting more than a century of mutual commitment. Our 25-year partnership with the Compagnie des Ballets de Monte-Carlo, and our collaboration since 2020 with the Oceanographic Institute for the protection of the oceans, illustrate our commitment to contributing to the Principality's cultural influence and environmental sustainability. We are honoured to have been named the best bank in the Principality in 2025 for the 9th year running by Global Finance. This recognition underlines the excellence of our expertise in our two core businesses: Wealth Management and Corporate Finance. The completion of the acquisition of Belgian bank Degroof Petercam by the Indosuez Wealth Management group in 2024 represents a major step in the development of our bank, opening up new prospects and enriching our value proposition for our customers. On the strength of our successes and our vigilance in controlling risks, we look to the future with determination and optimism. We are convinced that our commitment and our strategic vision will enable us to meet the challenges of the future with precision and confidence. Annual Report 2024 27
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