2022 Full Year Results
4Q22: Very solid results driven by the strength of BNP Paribas' model
Revenue growth, positive jaws effect and prudent risk management
Strong growth in revenues, supported by all divisions
•
Very strong increase in Corporate & Institutional Banking (+18.2%)
Very strong growth in Commercial, Personal Banking & Services¹ (+8.0%)
• Increase in revenues in Investment & Protection Services (+1.6%) in an
unfavourable market environment
Positive jaws effect (+1.0 pt, +1.7 pt at constant scope and exchange rates)
(~40% of the increase in operating expenses related to scope and exchange rate
effects)
Prudent, proactive and long-term risk management reflected in low
cost of risk
Revenues: +7.8% vs. 4Q21
Operating expenses: +6.8% vs. 4Q21
(at constant scope and exchange rates)
Revenues: +5.8% vs. 4Q21
Operating expenses: +4.2% vs. 4Q21
Cost of risk: 31 bps²
Solid growth in net income (excluding exceptional items)³
Strong decrease in exceptional items (-€311m vs. 4Q21)
Net income³: €2,150m
+7.3% vs. 4Q21 (excluding exceptional
items)
1. Including 100% of Private Banking in Commercial & Personal Banking (including PEL/CEL effects in France); 2. Cost of risk /customer loans outstanding at the beginning of the period (in bps); 3. Group share
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