2022 Full Year Results
CPBS - Specialised Businesses - 4Q22
Arval & Leasing Solutions
€m
Arval & Leasing Solutions
Revenues
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
Cost/Income
Allocated Equity (Єbn, year to date)
4Q22
4021
4Q22/
3Q22
4Q22/
2022
2021
2022 /
4Q21
3Q22
2021
858
-347
-328
511
-30
482
25
709
+21.0%
874
-1.9%
3,438 2,675
+28.5%
+5.8%
-341
+1.7% -1,395 -1,298
+7.4%
381
+34.2%
534
-4.2% 2,043
1,377
+48.4%
-30
-1.8%
-38
-20.4%
-146
-150
-2.6%
351
+37.3%
496
-2.9%
1,897
1,227
+54.6%
2
3
-16.9%
1
+93.8%
8
7
+12.0%
7
0
n.s.
5
+44.8%
52
0
n.s.
491
353
+38.8%
502 -2.3%
1,957
1,235
+58.5%
40.4%
46.2%
-5.8 pt 39.0%
+1.4 pt
40.6%
48.5%
-7.9 pt
3.5
3.2
+7.0%
Revenues: +21.0% vs. 4Q21
Very good performance at Arval, driven by very high used car prices and by organic growth in the financed
fleet
Good increase at Leasing Solutions, driven by higher outstandings
Operating expenses: +5.8% vs. 4Q21
Growth at marginal cost
Very positive jaws effect (+15.3 pts)
Pre-tax income: +38.8% vs. 4Q21 (reminder: 4Q22 impact of the effects induced by the hyperinflation situation
in Türkiye (application of IAS 29) in the amount of +€7m on "Other non-operating items", and thus + €51m for
2022)
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 80View entire presentation