Third Quarter 2022 Results
Corporate and Institutional Banking - 9M22
3Q22
3Q21
3Q22 /
2Q22
3Q22 /
9M22
9M21
9M22 /
3Q21
2Q22
9M21
€m
Corporate and Institutional Banking
Revenues
Operating Expenses and Dep.
3,799
3,588
+5.9%
4,106
-7.5%
12,608
10,972
+14.9%
-2,343
-2,243
+4.5%
-2,314
+1.2%
-8,010
-7,119
+12.5%
Gross Operating Income
1,456
1,346
+8.2%
1,792
-18.7%
4,597
3,853
+19.3%
Cost of Risk
-90
-24
n.s.
-76
+18.1%
-168
-253
-33.5%
Operating Income
1,366
1,322
+3.4%
1,716
-20.4%
4,429
3,600
+23.0%
Share of Earnings of Equity-Method Entities
5
9
-40.2%
9
-43.2%
19
27
-31.6%
Other Non Operating Items
-3
0
Pre-Tax Income
1,369
1,331
n.s.
+2.9%
-1
n.s.
-3
23
n.s.
1,724
-20.6%
4,445
3,651
+21.8%
Cost/Income
61.7%
62.5%
-0.8 pt
56.4%
+5.3 pt
63.5%
64.9%
-1.4 pt
Allocated Equity (Єbn, year to date)
29.6
25.8
+14.8%
Revenues: +14.9% vs. 9M21 (+10.2% at constant scope and exchange rates)
Increase in Global Markets (+27.8%) and Securities Services (+10.4%); decrease in Global
Banking (-1.8%) in an unfavourable market context, particularly in 2Q22 and 3Q22
Operating expenses: +12.5% vs. 9M21 (+6.5% vs. 9M21 at constant scope and exchange rates)
Support for business development, impact of exchange rates, the change in scope in 1H221 and
increase in taxes subject to IFRIC 21
Very positive jaws effect (+2.4 pts)
Cost of risk: -33.5% vs. 9M21, low cost of risk, decrease due to a high basis of comparison in 1Q21
Allocated equity: +14.8% vs. 9M21
Increase related to volume growth, impacts of regulations in 1Q22 and impact of markets volatility
1. Consolidation of Exane effective 01.07.21
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 47View entire presentation