2022 Full Year Results
2022 Corporate Centre
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Reminder: scope excluding Principal Investments, which has been integrated into IPS
Revenues
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Revaluation of proprietary credit risk included in derivatives (DVA) (+€185m) offset by a negative non-recurring
item in 1Q22
2021 reminder: high level of positive non-recurring items, in particular:
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+€58m capital gain on the sale of 4.99% of SBI Life: +58m
Cumulative accounting impact of a swap set up for the transfer of an activity in 2020: +€86m
Impact of a positive non-recurring item in 4Q21: +€91m
Operating expenses
Increase in taxes subject to IFRIC 211
Restructuring and adaptation costs: -€188m (-€164m in 2021)
IT reinforcement costs: -€314m (-€128m in 2021)
Cost of risk
Impact of the "Act on Assistance to Borrowers" in Poland in 3Q22 (-€204m)
Other non-operating items
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Badwill (bpost bank): +€244m
Capital gain on the sale of a stake: +€204m
Impairment (Ukrsibbank): -€159m
Reclassification to profit-and-loss of exchange differences (Ukrsibbank)²: -€274m
2021 reminder:
Capital gain on the sale of Allfunds shares³: +€444m
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Capital gain on the sale of buildings (exceptional item): +€486m
Total impairments: -€74m
1. Booking in 1Q of almost the entire amount of taxes and contributions for the year, based on the application of IFRIC 21 "Taxes", including the estimated contribution to the Single Resolution Fund;
2. Previously booked under consolidated' equity; 3. Disposal of 8.69% of Allfunds shares
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2022 Full Year Results | 89View entire presentation