Groupe BPCE posts strong Q1 2025, amidst equipment solutions integration

Groupe BPCE has announced a robust set of results for the first quarter of 2025, underscored by dynamic commercial activity, strong financial performance, and disciplined execution of its Vision 2030 strategic plan.

Central to this success was the seamless integration of BPCE Equipment Solutions into its Financial Solutions & Expertise business unit, a move that, following the acquisition of Société Générale Equipment Finance, has firmly positioned BPCE as the No.1 equipment leasing provider in Europe.

The group’s net banking income rose 10% year-on-year to €6.3 billion, buoyed by strong momentum across both retail and global business lines. Gross operating income surged 21%, with improved operational efficiency driving the cost/income ratio down to 68.2%, a 3.3 percentage point improvement from the previous year. Net income stood at €910 million, up 4% from Q1 2024, reflecting both sound cost control and sustained commercial growth. After accounting for an exceptional corporate income tax item, reported net income was €835 million.

“Groupe BPCE achieved a very good financial performance in the first quarter of 2025 with a 10% growth in net banking income and a net income at 910 million euros, underpinned by strong commercial activity across all businesses and the continued repricing of our assets.”

He also highlighted the group’s strategic progress: “Our Vision 2030 strategic project is being pursued in a disciplined manner, as demonstrated by the successful integration of BPCE Equipment Solutions into the Financial Solutions & Expertise business unit, making BPCE the leader in equipment leasing in Europe.”

Groupe BPCE’s performance in the first quarter of 2025 demonstrates its growing strength and resilience amid a complex economic environment. With Vision 2030 progressing on track and recent strategic integrations already delivering impact, the group is well-positioned to capitalise on emerging opportunities in leasing, payments, and digital transformation.

“These very strong results illustrate the strength of our cooperative business model and our ability to deliver our Vision 2030, thanks to the commitment of our 100,000 employees, serving our customers, our cooperative shareholders, and the regions in which we operate,” said Namias. “The current environment more than ever highlights the relevance of our strategic project aimed at supporting all our clients facing the major environmental, technological, demographic and geopolitical transitions to enable everyone to build their future with confidence.”