Third Quarter 2022 Results
CPBS Specialised Businesses - Personal Finance - 3Q22
-
Growth in revenues and improvement in the risk profile
Good level of activity
•
Loans outstanding
Loans outstanding: +4.4%¹ vs. 3Q21 at a higher level than in 2019,
consolidation of 50% of Floa's loans outstanding (€1.1bn)²
€bn
+4.4%¹
•
Increase in production (+8.2%³ in 9M22 vs. 9M21) despite a
lacklustre environment in the automotive industry
Structural improvement in the risk profile throughout the
cycle
•
•
Constant portfolio review with long-term, prudent and proactive risk
management
Decrease in cost of risk throughout the cycle with change in the
product mix: increase in the share of auto loans with a more
favourable risk profile (2019-3Q22 average cost of risk: ~40 bps5)
94
90
3Q21
3Q22
Improvement of cost of risk with
the product mix
Personal
loans
Credit
cards
Auto
loans
51% 43%
36%
Change
18%
20%
11%
Revenues: €1,345m
(+5.8% vs. 3Q21)
+2.6% at constant scope² and
exchange rates
Increase driven by stronger volumes
and the increase in production
BNP PARIBAS
Operating expenses: €689m
(+7.0% vs. 3Q21)
•
•
+3.7% at constant scope² and
exchange rates
Support to business
in the
mix4
Average
CoR5
-190 bps
~345 bps ~45 bps
Pre-tax income²: €340m
(-9.5% vs. 3Q21)
development and targeted
projects
•
3Q21 reminder: a high basis in other non-
operating items
1. +3.2% excluding Floa; 2. Consolidation of 50% of Floa's contribution, effective 01.02.22; 3. +5.3% excluding Floa; 4. Between 31.12.2016 and 30.09.2022;
5. 2019-3Q22 average calculated on the basis of management figures and average outstandings
The bank for a changing world
Third quarter 2022 results | 31View entire presentation