Third Quarter 2022 Results
CPBS BNL banca commerciale - 9M22
-
€m
BNL bc¹
Revenues
incl. net interest income
incl. fees
Operating Expenses and Dep.
Gross Operating Income
Cost of Risk
Operating Income
Share of Earnings of Equity-Method Entities
Other Non Operating Items
Pre-Tax Income
Income Attributable to Wealth and Asset Management
Pre-Tax Income of BNL bc
Cost/Income
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Italy)
3Q22
3Q21
3Q22 /
2Q22
3Q22 /
9M22
9M21
9M22 /
3Q21
2Q22
9M21
652
667
-2.2%
671
-2.8%
1,978
2,012
-1.7%
382
385
-0.8%
387
-1.4%
1,149
1,169
-1.7%
271
282
-4.1%
284
-4.8%
829
843
-1.6%
-440
-449
-2.1%
-416
+5.6%
-1,310
-1,342
-2.4%
213
218
-2.4%
255
-16.7%
669
670
-0.2%
-114
-130
-12.7%
-110
+3.8%
-351
-345
+1.8%
99
88
+12.8%
146
-32.0%
318
325
-2.4%
0
0
n.s.
0
n.s.
0
0
-9.2%
0
0
n.s.
2
-98.5%
2
0
n.s.
99
88
+13.0%
148
-32.8%
320
325
-1.7%
-4
-8
-42.2%
-8
-46.0%
-20
-26
-23.2%
95
80
+18.3%
139
-32.0%
299
299
+0.2%
67.4%
67.3%
+0.1 pt
62.0%
+5.4 pt
66.2%
66.7%
-0.5 pt
6.0
5.3
+12.2%
1. Including 100% of Private Banking in Italie for the Revenues to Pre-tax income line items
•
Revenues: -1.7% vs. 9M21 (-0.2% at constant scope¹)
Net interest income (-1.7%): decrease despite higher volumes and the gradual adjustment in margins
•
Fees (-1.6%): rise at constant scope 1 (+1.9%) driven by banking fees, particularly with corporate clients
Operating expenses: -2.4% vs. 9M21 (-0.4% at constant scope¹)
•
Impact of the transformation of the operating model and adaptation measures ("Quota 100” retirement plan)
Positive jaws effect (+0.9 pt excluding taxes subject to IFRIC 21)
Pre-tax income: +0.2% vs. 9M21 (+1.4% at constant scope¹)
1. Business divestment effective 02.01.22
BNP PARIBAS
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Third quarter 2022 results | 55View entire presentation