2022 Full Year Results
Corporate and Institutional Banking
Securities Services - 4Q22
4Q22
4Q21
4Q22 /
3Q22
4Q22 /
2022
2021
2022 /
4Q21
3Q22
2021
€m
Securities Services
Revenues
679
602
+12.8%
632
+7.4%
2,587
2,329
+11.0%
Operating Expenses and Dep.
-520
-469
+10.7%
-513
+1.4%
-2,069
-1,892
+9.4%
Gross Operating Income
159
132
+20.2%
119
+33.2%
517
438
+18.1%
Cost of Risk
1
-2
n.s.
-2
n.s.
0
1
n.s.
Operating Income
160
130
+22.9%
118
+36.1%
517
439
+17.8%
Share of Earnings of Equity-Method Entities
-1
0
n.s.
1
n.s.
2
4
-40.3%
Other Non Operating Items
1
7
-81.5%
-1
n.s.
0
23
n.s.
Pre-Tax Income
161
138
+16.6%
118
+36.4%
519
466
+11.4%
Cost/Income
76.6%
78.0%
-1.4 pt
81.1%
-4.5 pt
80.0%
81.2%
-1.2 pt
Allocated Equity (Ebn, year to date)
1.4
1.2
+16.1%
Revenues: +12.8% vs. 4Q21 (+11.8% at constant scope and exchange rates), favourable impacts of the steep
increase in transaction volumes and the interest-rate environment
Good control of operating expenses: positive jaws effect (+2.1 pts)
31.12.22
31.12.21
%Var/
31.12.21
30.09.22
%Var/
30.09.22
Securities Services
Assets under custody (€bn)
Assets under administration (€bn)
11,133
2,303
12,635
2,521
-11.9%
-8.7%
10,798
2,262
+3.1%
+1.8%
4Q22
4Q21
4Q22/4Q21
3Q22
4Q22/3Q22
Number of transactions (in million)
36.9
35.5
+3.9%
35.5
+4.0%
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 64View entire presentation