Investor Presentaiton
Corporate and Institutional Banking - 4Q21
4Q21
4Q20
4Q21 /
3Q21
4Q21 /
2021
2020
2021 /
€m
Revenues
Operating Expenses and Dep.
4Q20
3Q21
2020
3,264
3,315
-1.5%
3,588
-9.0%
14,236
13,763
+3.4%
-2,348
-2,190
+7.2%
-2,243
+4.7%
-9,400
-8,920
+5.4%
Gross Operating Income
915
1,125
-18.6%
1,346
-32.0%
4,836
4,843
-0.1%
Cost of Risk
80
-432
n.s.
-24
n.s.
-173
-1,424
-87.9%
Operating Income
996
692
+43.8%
1,322
-24.7%
4,664
3,419
+36.4%
Share of Earnings of Equity-Method Entities
6
8
-21.7%
9
-26.8%
33
11
n.s.
Other Non Operating Items
1
9
-88.6%
0
n.s.
24
24
+2.3%
Pre-Tax Income
1,003
710
+41.3%
1,331
-24.6%
4,721
3,454
+36.7%
Cost/Income
72.0%
66.1%
+5.9 pt
62.5%
+9.5 pt
66.0%
64.8%
+1.2 pt
Allocated Equity (bn)
26.2
24.5
+7.1%
Revenues: -1.5% vs. a high 4Q20 base and +5.3% vs. 4Q19
Good growth in Corporate Banking (+3.3%) and strong growth in Securities Services (+12.3%)
Good performance of Global Markets (-10.7% vs. a high 4Q20 and stable vs. 4Q19), driven by
business diversification and the development of the Equity & Prime Services platform
Operating expenses: +7.2% vs. 4Q20
Increase driven mainly by the development of platforms (consolidation of Exane and completion of the
transfer of prime brokerage clients in 4Q21);
Stable at constant scope and exchange rates
Cost of risk: provisions more than offset by releases this quarter
BNP PARIBAS
The bank for a changing world
2021 Full Year Results | 85View entire presentation