2022 Full Year Results
Return on Equity and Permanent Shareholders' Equity
Calculation of Return on Equity
in millions of euros
Net income Group share
Remuneration net of tax of Undated Super Subordinated Notes and exchange effect
Net income Group share used for the calculation of ROE/ROTE
Average permanent shareholders' equity, not revaluated, used for the ROE calculation (a)
Return on Equity (ROE)
Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (b)
Return on Tangible Equity (ROTE)
31-Dec-22
31-Dec-21
10,196
9,488
-575
-436
9,621
9,052
105,707
101,882
9.1%
8.9%
93,937
90,412
10.2%
10.0%
(a) Average Permanent shareholders' equity: average of beginning of the year and end of the period (Permanent Shareholders' equity = Shareholders' equity attributable to shareholders - changes in assets and liabilities recognised directly in equity - Undated
Super Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend distribution assumption); (b) Average Tangible permanent shareholders' equity: average of beginning of the year and end of the period
(Tangible permanent shareholders' equity = permanent shareholders' equity - intangible assets - goodwill)
Permanent Shareholders' Equity Group share, not revaluated, used for the calculation of ROE / ROTE
in millions of euros
31-Dec-22
31-Dec-21
Net Book Value
109,809
108,573
(1)
of which changes in assets and liabilities recognised directly in equity (valuation reserve)
-3,553
222
(2)
of which 2021 dividend distribution project
of which assumption of distribution of 2022 net income
Permanent shareholders' equity, not revaluated, used for the calculation of ROE (a)
Goodwill and intangibles
4,527
(3)
5,773
(4)
107,589
103,824
(1)-(2)-(3)-(4)
11,991
11,549
Tangible permanent shareholders' equity, not revaluated, used for the calculation of ROTE (a)
Average permanent shareholders' equity, not revaluated, used for the ROE calculation (b)
Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (c)
95,598
92,275
105,707
101,882
93,937
90,412
(a) Excluding Undated Super Subordinated Notes, remuneration net of tax payable to holders of Undated Super Subordinated Notes, and including the assumptions of distribution of net income; (b) Average Permanent shareholders' equity: average of
beginning of the year and end of the period (Permanent Shareholders' equity Shareholders' equity attributable to shareholders - changes in assets and liabilities recognised directly in equity - Undated Super Subordinated Notes - remuneration net of tax
payable to holders of Undated Super Subordinated Notes - dividend distribution assumption); (c) Average Tangible permanent shareholders' equity: average of beginning of the year and end of the period (Tangible permanent shareholders' equity =
permanent shareholders' equity - intangible assets - goodwill)
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 93View entire presentation