2022 Full Year Results
CPBS - Europe-Mediterranean - 4Q22
€m
Europe-Mediterranean¹
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 Europe-Mediterranean
Cost/Income
Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Poland and Turkey)
•
4Q22
4Q21
4Q22/
3Q22
4Q22 /
2022
2
4Q21
3Q22
2021
2022 /
2021
ន ៦ ៩៦ ន ៩៤៩ - ថ្ម ៦ ៖
534
449
+19.0%
607
-11.9%
2,346
1,941
+20.9%
433
320
+35.3%
488
-11.3%
1,895
1,470
+28.9%
101
129
-21.4%
118
-14.4%
451
471
-4.1%
-417
-395
+5.5%
-393
+6.1%
-1,649
-1,606
+2.7%
118
54
n.s.
214
-45.0%
697
335
n.s.
-10
-32
-68.5%
-55
-81.7%
-153
-144
+5.9%
108
22
n.s.
159
-32.2%
544
190
n.s.
74
46
+59.6%
100
-25.7%
376
234
+60.6%
-3
n.s.
-5
n.s.
-87
-53
+65.7%
65
+96.4%
253
-49.2%
833
372
n.s.
-6
-2
n.s.
-3
+77.1%
-16
-8
n.s.
122
63
+93.1%
250
-51.0%
817
364
n.s.
78.0%
87.9%
-9.9 pt
64.7%
+13.3 pt
70.3%
82.8%
-12.5 pt
5.5
5.0
+8.6%
1. Including 100% of Private Banking in Poland and in Türkiye for the Revenues to Pre-tax income line items
Foreign-exchange impact driven by the euro's appreciation vs. the Turkish lira and the zloty
TRY/EUR1: -24.4% vs. 4Q21, -9.2% vs. 3Q22, -24.4% vs. 2021
PLN/EUR²: -2.2% vs. 4Q21, +0.3% vs. 3Q22, -2.5% vs. 2021
Limited overall impact of the implementation of IAS 29, and taking into account the efficiency of the hedging
with CPI linkers (inflation-linked bonds) in 4Q22 in Türkiye: -€4m in pre-tax income
At constant scope and exchange rates³ vs. 4Q21
Revenues: +35.5%, driven by strong growth in net interest income on deposits and despite the impact of negative
items related to loans in 4Q21 and 4Q22 in Poland5
Operating expenses4: +17.2%, very positive jaws effect (+18.4 pts)
•
Pre-tax income: x3.5
1. End of period exchange rates based on the application in Türkiye of IAS 29; 2. Average exchange rates; 3. At constant scope and exchange rates excluding Türkiye at historical exchange rates in accordance with IAS 29;
4. Including 100% of Private Banking; 5. In particular impact of a negative item for -€82m in 4Q22; 6. Including 2/3 of Private Banking
BNP PARIBAS
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