Investor Presentaiton
4Q21 - DM - French Retail Banking (excluding PEL/CEL effects)
4Q21
4Q20
4Q21 /
3Q21
4Q21 /
2021
2020
2021 /
€m
4Q20
3Q21
2020
Revenues
1,602
1,516
+5.7%
1,570
+2.0%
6,240
5,944
+5.0%
Incl. Net Interest Income
879
855
+2.7%
856
+2.6%
3,371
3,303
+2.1%
Incl. Commissions
724
661
+9.5%
714
+1.3%
2,869
2,641
+8.6%
Operating Expenses and Dep.
-1,178
-1,126
+4.6%
-1,129
+4.3%
-4,551
-4,490
+1.4%
Gross Operating Income
424
390
+8.7%
441
-3.9%
1,689
1,454
+16.2%
Cost of Risk
-99
-169
-41.1%
-115
-13.8%
-441
-496
-11.1%
Operating Income
325
221
+46.8%
326
-0.4%
1,248
958
+30.3%
Non Operating Items
-15
40
n.s.
54
n.s.
37
38
-0.8%
Pre-Tax Income
310
261
+18.8%
380
-18.3%
1,285
995
+29.1%
Income Attributable to Wealth and Asset Management
Pre-Tax Income
-37
-36
+4.0%
-36
+3.4%
-136
-133
+2.0%
Cost/Income
272
73.5%
225
+21.2%
343
-20.6%
1,149
862
+33.3%
74.3%
-0.8 pt
71.9%
+1.6 pt
72.9%
75.5%
-2.6 pt
Allocated Equity (€bn)
10.6
11.0
-3.1%
Including 100% of Private Banking in France for the Revenues to Pre-Tax Income line items (excluding PEL/CEL effects)1
Revenues: +5.7% vs. 4Q20
•
.
Net interest income: +2.7%, increase driven by loan activity mitigated by the impact of the low-interest-rate
environment
Fees: +9.5%, strong increase in all fees to a level higher than in 2019, and in particular financial fees and
payment and cash management fees
Operating expenses: +4.6% vs. 4Q20, increase driven by the economic recovery and targeted initiatives,
ongoing cost-optimisation measures - positive jaws effect (+1.1 pt)
Pre-tax income: +21.2% vs. 4Q20
1. PEL/CEL effect: + €29m in 2021 (+€3m in 2020) and +€6m in 4Q21 (€0m in 4Q20)
BNP PARIBAS
The bank for a changing world
2021 Full Year Results | 65View entire presentation