2022 Full Year Results
CPBS BNL banca commerciale - 4Q22
1
Єm
BNL bc¹
Revenues
incl. net interest income
incl. fees
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
Income Attributable to Wealth and Asset Management
Pre-Tax Income of BNL bc
Cost/Income
Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in Italy)
4Q22
4Q21
4Q22 /
3Q22
4Q22 /
2022
2021
2022 /
4Q21
3Q22
2021
656
668
-1.9%
652
+0.5%
2,634
2,680
-1.7%
369
370
-0.2%
382
-3.2%
1,519
1,539
-1.3%
286
298
-3.9%
271
+5.7%
1,115
1,141
-2.2%
-426
-438
-2.9%
-440
-3.2%
-1,735
-1,780
-2.5%
230
230
+0.1%
213
+8.1%
899
900
-0.1%
-114
-143
-19.8%
-114
+0.6%
-465
-487
-4.5%
116
87
+32.5%
99
+16.8%
433
413
+5.0%
0
0
n.s.
0
n.s.
0
0
n.s.
0
0
n.s.
0
n.s.
2
0
n.s.
116
87
+33.2%
99
+17.2%
436
413
+5.7%
-5
-9
-41.4%
-4
+19.9%
-26
-35
-27.8%
111
78
+41.8%
95
+17.1%
410
377
+8.8%
64.9%
65.6%
-0.7 pt
67.4%
-2.5 pt
65.9%
66.4%
-0.5 pt
6.0
5.3
+11.4%
1. Including 100% of Private Banking in Italy for the Revenues to Pre-tax income line items
•
Revenues: -1.9% vs. 4Q21 (stable at constant scope¹)
Net interest income (-0.2%): positive impact of the interest-rate environment on deposits and gradual adjustment in loan
margins
Fees (-3.9%): increase at constant scope 1 (+0.3%), driven by higher banking fees, offset partly by lower financial fees
Operating expenses: -2.9% vs. 4Q21 (-0.5% at constant scope¹)
•
Impact of the transformation of the operating model and adaptation measures (("Quota 100" retirement plan)
Positive jaws effect (+1.0 pt)
Pre-tax income: +41.8% vs. 4Q21 (+46.1% at constant scope¹), decrease in the cost of risk
1. Business divestment effective 02.01.22
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