Third Quarter 2022 Results
CPBS BancWest - 3Q22
-
Continued strong business activity
Sustained business drive
Loans: +3.0%¹ vs. 3Q21, increase in mortgage and corporate loans
Increase in loan production (+6.7% vs. 3Q21) with a very good business
drive in corporate loans (+31.4%² vs. 3Q21)
Deposits: -8.8%² vs. 3Q21, decrease in customer deposits³ (-8.5%²),
decrease notably linked to money-market deposits
Private Banking: $18.5bn in assets under management as at 30.09.22
(+0.8% vs. 30.09.21)
Reminder: announcement on 20 December 2021 of the sale of Bank of the
West to BMO Financial Group (closing of the transaction expected late 2022)4
Loan production
+6.7%¹
3Q21
Revenues
+6.4%²
$bn
3Q22
733
588
Revenues5: €733m
(+6.4% vs. 3Q21)
• Increase in net interest income due to
margin improvement and increase in loan
volumes
• Good performance in banking fees
Operating expenses5: €566m
(+14.2% vs. 3Q21)
Increase notably due to targeted
projects (+7.2% excluding direct
costs related to the sale)
3Q21
€m
3Q22
Pre-tax income: €103m
(-54.1% vs. 3Q21)
•
Increase in the cost of risk
(reminder: release of provisions in
3Q21)
1. At constant scope and exchange rates excluding Paycheck Protection Program loans; 2. At constant scope and exchange rates; 3. Deposits excluding treasury activities;
4. Upon customary condition precedents; see press release of 20 December 2021; 5. Including 100% of Private Banking in the United States; 6. Including 2/3 of Private Banking in the United States
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 30View entire presentation