Investor Presentaiton
IFS - BancWest - 2021
Sustained business drive and strong increase in result
Dynamic business drive in lending business
Good level of loan production 1 (+8.9%² vs. 2020), with in particular a very
good drive in loan to individuals (+30.3%² vs. 2020) and SMEs (+5.5%² vs.
2020)
Loans: -6.9% vs. 2020, decrease due in particular to the effects of economic
stimulus measures and the discontinuation of a business in 2020
Development of deposits and financial savings with a recognised
quality of service
•
Deposits: +10.0% vs. 2020, strong increase in customer deposits³
(+10.5% vs. 2020)
Private Banking: $19.5bn in assets under management as at 31.12.21
(+16.3% vs. 31.12.20)
#1 in overall customer satisfaction (individuals and SMEs) in California
Announcement on 20 December 2021 of the sale of Bank of the West
to BMO Financial Group (closing of the transaction expected late 20225)
Revenues6: €2,426m
(+2.1%² vs. 2020)
Growth driven by the increase in fees; stable
net interest income
Reminder: overall positive impact of 2021
non recurring items
Operating expenses6: €1,695m
(+1.9%² vs. 2020)
• Increase in connection with the
business activity
Positive jaws effect (+0.3 pt)
Loan production excluding
PPP loans¹
+8.9%2
$bn
2020
2021
Pre-tax income?
X2
771
392
€m
2020
2021
Pre-tax income7: €771m
(x22 vs. 2020)
Strong decrease in the cost of risk
1. Production of loans to individuals, production and flows in SMEs and corporates excluding Paycheck Protection Program loans; 2. At constant scope and exchange rates (figures at historical scope and exchange rates in the appendices);
3. Deposits excluding treasury activities; 4. Source: JD Power's Retail and SME Banking Studies in 2021; 5. Upon customary condition precedents, including the approval of the relevant antitrust and regulatory authorities;
6. Including 100% of Private Banking in the United States; 7. Including 2/3 of Private Banking in the US
BNP PARIBAS
The bank for a changing world
2021 Full Year Results | 25View entire presentation