Third Quarter 2022 Results
IPS - Investment & Protection Services - 9M22
€m
3Q22
3Q21
3Q22 /
2Q22
3Q22/
9M22
9M21
9M22 /
3Q21
2Q22
9M21
Investment & Protection Services
Revenues
Operating Expenses and Dep.
1,632
1,498
+8.9%
1,723
-5.3%
5,005
4,836
+3.5%
-1,087
-1,038
+4.8%
-1,068
+1.8%
-3,206
-3,054
+5.0%
Gross Operating Income
545
461
+18.3%
655
-16.8%
1,799
1,783
+0.9%
Cost of Risk
2
-6
n.s.
-6
n.s.
-11
-14
-21.4%
Operating Income
547
455
+20.2%
649
-15.8%
1,788
1,768
+1.1%
Share of Earnings of Equity-Method Entities
42
17
n.s.
66
-36.3%
160
100
+60.2%
Other Non Operating Items
39
-4
n.s.
13
n.s.
91
94
-3.6%
Pre-Tax Income
Cost/Income
Allocated Equity (€bn, year to date)
627
468
+34.1%
729
-13.9%
2,038
1,962
+3.9%
66.6%
69.3%
-2.7 pt
62.0%
+4.6 pt
64.1%
63.1%
+1.0 pt
10.0
11.8
-15.3%
Revenues: +3.5% vs. 9M21
•
•
Increase in Insurance revenues driven by Savings and Protection on the whole, offset by the decrease in financial result
due to the impact of the market decrease
Increase in Wealth Management and Real Estate revenues
Very unfavourable impact of the market environment on Asset Management revenues
Very strong increase in Principal Investments revenues
•
Increase driven by business development and targeted initiatives
Operating expenses: +5.0% vs. 9M21
Pre-tax income: +3.9% vs. 9M21
•
Increase in contribution by associates
Note: Stability in "Other non-operating items" due to the capital gain on sales by Asset Management in 9M21 and by
Insurance and Wealth Management in 9M22
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 71View entire presentation