2022 Full Year Results
GTS 2025 Investment & Protection Services
Solid franchises, well positioned to benefit from the recovery
Extend our commercial outperformance over time
2025 Targets4
AM: 2022 Net asset inflows /
WM: Assets under management²
2021 AuM1
BNPP
+2.3%
BNPP
-1.0%
Peer 1
Peer 1
Peer 2
Peer 2
Peer 3
Peer 3
Average:
Peer 4
Peer 4
Peer 5
-1.5%
Peer 5
Average:
-10%
Peer 6
Peer 6
Peer 7
GOI: CAGR 21-25 >+6%
WAM³
Insurance CAGR: ~+9%
CAGR: +4%
GS
2025
Capitalise on the good momentum generated by the
plan's launch
•
•
Extension of the product offering: creation of a Private
Assets franchise; expansion of protection internationally
Strong development of partnerships: new partnerships,
renewals of existing ones and joint-ventures
Enhanced operating performance of platforms & next-
level digitalisation
Seize new growth opportunities
Targeted acquisitions & expansion in specific
expertises
Adapting the offering to higher interest rates
2021
Sustained growth in AuM:
CAGR 22-25: >+7 %
Change in Insurance accounting
standards effective from 01.01.23
Pre-tax income 2023 (IFRS17)>
Pre-tax income 2022 (IFRS4)
2025
Improvement in C/I ratio with the change of
treatment of attributable expenses5
1. Source: Morningstar database, net asset inflows of European mutual funds, 2022 vs. 2021- Amundi (including CPR AM & Lyxor), Axa, Crédit Suisse, DWS (including Xtrackers), Natixis (including Ecofi), UBS (including LS AM); 2.
Change in assets under management, as published by the main market actors (i.e., public information), 9M22 vs. 9M21 - Bank of America, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, UBS ;3. WAM:
Asset Management, Wealth Management, Real Estate and Principal Investments; 4. Excluding Bank of the West and the positive impact of the redeployment of capital released by the sale of BoW from 2023; 5. See slide 85
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 48View entire presentation