2022 Full Year Results
Robust operational performance and disciplined expansion at the heart of growth
2022-2025 objective:
Positive jaws effect each year
>+2pts on average1
A recurring cost-savings plan of €2.3bn
Revised target: €300m in additional savings compared
to the initial plan
Recurring cost savings
(€bn)
Solid levers supporting operational performance and
growth at marginal cost in an inflationary context
Industrialised
~2.3
~0.6
-0.6
~0.6
€300m in
additional
savings
platforms &
pooled resources
~0.5
2022
(actual)
2023 2024 2025
Revised cumulative
target, 2025
End of the ramp-up of the SRF²: -€1bn in operating
expenses between 2023 and 20243
New ways of
working, new
uses & space
optimisation
29% cpbs
CIB
69%
IPS
Breakdown by division of the
SRF2 contribution in 2022
Cost discipline,
particularly in
external costs
Development of specialised internal
shared service centres (SSCs) and pooled
technical platforms
2025 target: +25% increase (5000 FTEs) in
resources in the main SSCs
Outsourcing & pooling of activities with
partners (banks and non-banking) (already
started in 2022)
Ongoing effort to simplify and automate
customer journeys & processes
Optimisation of premises costs
Buildings combining several business lines
Minimising the proportion of inner-city
locations
New ways of working as a catalyst
2025 target: mutualisation ratio 5 lowered to
<0.75 (>1 in 2021)
Rigorous discipline in managing external
spending in an inflationary environment
Proactive management of external spending
Action plan combining actions on both
demand and on prices
1. CAGR 22-25 Revenues minus CAGR 22-25 Operating expenses, excluding the positive impact of the change in accounting standards, see slide 48; 2. SRF: Single Resolution Fund;
3. Stabilisation of similar contributions to local banking taxes estimated at €200m annually, effective 2024; 4. Including external assistants; 5. Mutualisation ratio: number of offices/ number of occupants
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 18View entire presentation