2022 Full Year Results
A unique positioning
2023 distributable income: post-Bank of the West sale and post-SRF
€bn
10.2
Effect of
BOW sale
(~€0.5bn)
2022 Net Income
(incl. BoW)
+€1bn
Anticipation of the
end of the ramp-up
Organic
growth
of the SRF1
Adjustment
of hedges
2023
SRF
BOW
capital gain
Upward adjustment in 2023
distributable income by +€1bn
Extraordinary items
2023 adjusted
distributable income²
Return to shareholders of 60%,
based on adjusted 2023
distributable income
Extraordinary items excluded from
2023 distributable income
Adjustment of hedges in 1H23 related to
changes in terms and conditions decided
by the ECB in 4Q223
Capital gain related to the sale of Bank
of the West4
→ Strong increase in 2023 distributable income, as per the objective (CAGR 22-25 >+9%)
→ Growth in 2023 EPS boosted by share buyback programmes (€5bn planned in 20235) &
therefore anticipated higher than the objective (CAGR 22-25 >+12%)
1. Single Resolution Fund: 2.Note: Illustration of the distributable income before taking into account the remuneration net of tax of Undated Super Subordinated Notes ("TSSDI");
3. Booked in 1H23 under Corporate Centre revenues; 4. See slide 4; 5. Subject to ECB authorisation
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 6View entire presentation