Third Quarter 2022 Results
CPBS BNL banca commerciale - 3Q22
-
Ongoing impact of the transformation of the operating model
Good business drive
•
Deposits
Loans: +3.2% vs. 3Q21, 5.3% rise on the perimeter excluding non-performing
loans, good increase in corporate and mortgage loans
+11.0%
Deposits: +11.0% vs. 3Q21, steep increase in all customer segments,
particularly corporates
•
•
Off-balance sheet savings: -6.7% vs. 30.09.21, good increase in life insurance
outstandings (+3.0% vs. 30.09.21) in an unfavourable market context
Optimising the operating model by outsourcing certain IT and back-
office activities in 1H22
Acceleration in the digital transformation and enhanced quality of service
Cost variability: total transfer of 803 FTES
65
59
€bn
3Q22
3Q21
Constant improvement in
cost of risk
Cost of risk
Revenues1: €652m
(-2.2% vs. 3Q21)
-0.5% at constant scope²
Net interest income: -0.8%, positive
impact of the interest-rate environment on
deposits offset by the gradual adjustment
in loan margins
Fees: -4.1%; stable at constant scope²,
increase in banking fees offset by the
decrease in financial fees
Operating expenses¹: €440m
(-2.1% vs. 3Q21)
-3.6% excluding taxes subject to IFRIC
21; positive jaws effect (+1.5 pt)
Impact of the transformation of the
operating model and adaptation
measures ("Quota 100" retirement plan)
(in bps)
179
124
116
75 69 57
2012 2014 2016 2018 2020 3Q22
Pre-tax income³: €95m
(+18.3% vs. 3Q21)
•
+22.3% at constant scope²
Decrease in the cost of risk
1. Including 100% of Italian Private Banking; 2. Business divestment effective 02.01.22; 3. Including 2/3 of Italian Private Banking
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 27View entire presentation