2022 Full Year Results
Investment & Protection Services - 4Q22
4Q22
4Q21 4Q22/
3Q22
4Q22 /
2022
2021
2022 /
€m
Investment & Protection Services
Revenues
4Q21
3Q22
2021
1,665
1,639 +1.6%
1,632
+2.0%
6,670
6,476
+3.0%
Operating Expenses and Dep.
-1,157
-1,164
-0.6%
-1,087
+6.5%
-4,363
-4,218
+3.5%
Gross Operating Income
508
475
+6.8%
545
-6.8%
2,307
2,258
+2.2%
Cost of Risk
14
7
+99.0%
2
n.s.
3
-7
n.s.
Operating Income
522
482
+8.2%
547
-4.6%
2,309
2,251
+2.6%
Share of Earnings of Equity-Method Entities
63
57
+9.5%
42
+49.7%
223
157
+41.7%
Other Non Operating Items
-3
-3
+15.4%
39
n.s.
88
92
-4.1%
Pre-Tax Income
582
537
+8.3%
627
-7.3%
2,620
2,499
+4.8%
Cost/Income
Allocated Equity (Єbn, year to date)
Revenues: +1.6% vs. 4Q21
69.5%
71.0%
-1.5 pt
66.6%
+2.9 pt
65.4%
65.1%
+0.3 pt
10.0
12.0
-16.8%
•
Strong increase in Wealth Management revenues
•
•
Decrease in Insurance revenues driven by a lower financial result, despite overall increases in Savings and
Protection
Very unfavourable impact of the market environment on Asset Management revenues
Slowdown in the real-estate market impacting Real-Estate Advisory and Property Development activities
Very strong increase in Principal Investments revenues
Operating expenses: -0.6% vs. 4Q21
•
Impact of cost control measures
• Very positive jaws effect (+2.1pts)
Pre-tax income: +8.3% vs. 4Q21
•
Increase in contribution by associates
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 84View entire presentation