Investor Presentaiton
Corporate and Institutional Banking
Global Markets - 4Q21
4Q21
4Q20
4Q21 /
3Q21
4Q21 /
2021
2020
2021 /
€m
Revenues
incl. FICC
incl. Equity & Prime Services
4Q20
3Q21
2020
1,338
1,498
-10.7%
1,731
-22.7%
6,820
6,819
+0.0%
755
1,002
-24.6%
896
-15.7%
3,947
5,652
-30.2%
583
497
+17.4%
835
-30.2%
2,872
1,166
n.s.
Operating Expenses and Dep.
-1,224
-1,089
+12.4%
-1,137
+7.6%
-4,887
-4,452
+9.8%
Gross Operating Income
115
410
-72.0%
594
-80.7%
1,933
2,367
-18.3%
Cost of Risk
10
-2
n.s.
-2
n.s.
27
-117
n.s.
Operating Income
124
407
-69.5%
592
-79.0%
1,960
2,250
-12.9%
Share of Earnings of Equity-Method Entities
5
2
n.s.
2
n.s.
14
1
n.s.
Other Non Operating Items
-5
0
n.s.
4
n.s.
5
3
+66.5%
Pre-Tax Income
125
409
-69.5%
598
-79.1%
1,979
2,254
-12.2%
Cost/Income
91.4%
72.7%
+18.7 pt
65.7%
+25.7 pt
71.7%
65.3%
+6.4 pt
Allocated Equity (bn)
10.7
10.0
+6.5%
•
•
Revenues: -10.7% vs. a high 4Q20 base and -0.1% vs. 4Q19
FICC: decrease vs. a high 4Q20 base, due to a challenging market context, in particular on rates
Equity & Prime Services: good growth with the contribution from the consolidation of BNP Paribas Exane
(~€95m) and a good momentum in Prime Services, but lower client activity in equity derivatives this
quarter
Operating expenses: 12.4% vs. 4Q20
Increase related to the development of platforms (consolidation of Exane and completion of the transfer
of prime brokerage clients in 4Q21)
BNP PARIBAS
The bank for a changing world
2021 Full Year Results | 87View entire presentation