Third Quarter 2022 Results
CIB Global Markets - 3Q22
Very strong increase in revenues sustained by solid demand
Very robust client activity on the whole
.
•
•
Fixed income, currencies & commodities: continued very strong client
demand for derivatives, driven in particular by reallocation and hedging
needs
Equity markets: sustained level of activity business in derivatives this
quarter; a good level of activity on the whole in prime services, but a less
active primary market
Primary markets: #1 in euro-denominated bond issuance led globally on
a decreasing market1; #1 in sustainable bonds and green bonds issuance
in EMEA¹
◆ Ongoing digitalisation
•
Consolidation of leadership
platforms
positions in multi-dealer electronic
Agreement to acquire² the fintech Kantox, a plateform for automation of
currency risk management for corporates
Revenues: €1,986m
(+14.7% vs. 3Q21)
€m
Strong increase in revenues
1,986
1,711
1,731
1,299
466
863
835
384
1,245
915
1,124
896
3Q19
3Q20
3Q21
Equity & Prime Services FICC
Ranking on multi-dealer
electronic platforms
3Q22
Forex market
#1 in NDFs and swaps³
Rates market
#1 on € Government bonds4
Credit market
+11.6% at constant scope and exchange rates
FICC (+25.5%): very good performance in commodity derivatives, rates, foreign
exchange and emerging markets; context less favourable on the primary and credit
markets
Equity & Prime Services (+3.3%7): good level of client activity, particularly in equity
derivatives, and good level of contribution from prime services
#1 in € bonds issued by
financial institutions5
#2 on the whole on € bonds5
Equity derivatives #1 on listed warrants and
securities in Europe
1. Source: Dealogic as at 30.09.22; bookrunner in volume; 2. In partnership with CPBS; subject to regulatory approvals; 3. Source: Bloomberg in 9M22; 4. Bloomberg and Tradeweb in 9M22;
5. Source: Bloomberg in 3Q22; 6. In market share in 3Q22; source: aggregated volumes (i) reported by the exchanges and (ii) traded on OTC platforms; 7. Reminder: consolidation of Exane effective 01.07.21
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 23View entire presentation