2022 Full Year Results
CPBS - Specialised Businesses - Personal Finance - 2022
Transformation and adaptation of activities
•
Business drive
•
•
Loans: +3.5% vs. 2021, consolidation of 50% of Floa's loans
outstanding (€1.0bn)²
Rollout of the exclusive strategic partnership with Jaguar Land
Rover in January 2023: targeted increase in outstandings of ~€3bn by
2025
Implementation of the new partnership with Stellantis scheduled
in April 2023: targeted increase in outstandings of ~€7bn by 2025
Business transformation and adaptation project
•
Geographical refocusing of activities in the Eurozone
Reorganisation of the operating model and continuation of ongoing
technological and industrial transformation
Implementation of strategic partnerships in auto loans
Objective of continued improvement in the risk profile and
profitability
Revenues: €5,387m
(+3.3% vs. 2021)
+0.3% at constant scope² and
exchange rates
Impact of higher volumes partly offset
by the strong pressure on margins
Operating expenses: €2,922m
(+4.2% vs. 2021)
+1.4% at constant scope² and
exchange rates
Support to business development
and targeted projects
Loans
+3.5%¹
€bn
91
2021
94
44
2022
Structural improvement of cost
of risk with the product mix
Personal
loans
Credit
cards
Auto
loans
51%
42%
Change
in the
mix3
36%
18%
20%
11%
Average
COR4
-190 bps
~345 bps
~45 bps
Pre-tax income²: €1,121m
(-4.6% vs. 2021)
2021 reminder: a high basis in other
non-operating items
1.+2.5% excluding Floa; 2. Consolidation of 50% of Floa's contribution, effective 01.02.22; 3. Between 31.12.2016 and 31.12.2022;
4. 2019-3Q22 average calculated on the basis of management figures and average outstandings excluding Floa
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 37View entire presentation