Third Quarter 2022 Results
Return on Equity and Permanent Shareholders' Equity
Calculation of Return on Equity
in millions of euros
Net income Group share
Exceptional items (after tax) (a)
30-Sep-22
8,046
30-Sep-21
7,182
(1)
-383
307
of which exceptional items (not annualised)
-159
455
NO
of which IT reinforcement and restructuring costs (annualised)
Contribution to the Single Resolution Fund (SRF) and levies after tax
Net income Group share, not revaluated (exceptional items, contribution to SRF and taxes not annualised) (b)
Remuneration net of tax of Undated Super Subordinated Notes and exchange effect
Impact of annualised IT reinforcement and restructuring costs
Net income Group share used for the calculation of ROE/ROTE (c)
Average permanent shareholders' equity, not revaluated, used for the ROE calculation (d)
Return on Equity (ROE)
-224
-148
-1,664
-1,298
11,634
10,054
(4)
(5)
(6)
-587
-433
-299
-197
10,748
9,424
106,097
102,204
10.1%
9.2%
94,245
11.4%
Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (e)
Return on Tangible Equity (ROTE)
90,894
10.4%
(a) See slide 8; (b) Annualised net income Group share as at 30 September, (6)=4/3*[(1)-(2)-(5)]+(3)+(5); (c) Annualised Group share as at 30 September; (d) Average Permanent shareholders' equity: average of beginning of the year and end of the period
including in particular annualised net income as at 30 September with exceptional items and contribution to SRF and taxes not annualised (Permanent Shareholders' equity = Shareholders' equity attributable to shareholders - changes in assets and liabilities
recognised directly in equity - Undated Super Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend distribution assumption); (e) Average Tangible permanent shareholders' equity: average of
beginning of the year and end of the period including in particular annualised net income as at 30 September with exceptional items and contribution to SRF and taxes not annualised (Tangible permanent shareholders' equity = permanent shareholders' equity -
intangible assets - goodwill)
-Permanent Shareholders' Equity Group share, not revaluated, used for the calculation of ROE/ROTE
in millions of euros
Net Book Value
of which changes in assets and liabilities recognised directly in equity (valuation reserve)
of which 2021 dividend distribution project
of which 2022 net income distribution project
Annualisation of restated result (a)
Restatement of remuneration of Undated Super Subordinated Notes for the annualised calculation
Permanent shareholders' equity, not revaluated, used for the calculation of ROE (b)
Goodwill and intangibles
Tangible permanent shareholders' equity, not revaluated, used for the calculation of ROTE (b)
Average permanent shareholders' equity, not revaluated, used for the ROE calculation (c)
Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (d)
30-Sep-22
30-Sep-21
109,906
106,904
(1)
-1,388
304
(2)
4,709
(3)
6,043
(4)
3,289
2,675
(5)
-171
-99
(6)
108,369
104,467
(1)-(2)-(3)-(4)+(5)+(6)
12,154
96,215
11,227
93,240
106,097
94,245
102,204
90,894
(a) 1/3 of 9M Net Income Group share excluding exceptional items but including IT reinforcement, adaptation and restructuring costs and excluding contribution to SRF and levies after tax; (b) Excluding Undated Super Subordinated Notes, remuneration net of tax
payable to holders of Undated Super Subordinated Notes, and including the assumptions of distribution of net income; (c) Average Permanent shareholders' equity: average of beginning of the year and end of the period including in particular annualised net income
as at 30 September with exceptional items and contribution to SRF and taxes not annualised (Permanent Shareholders' equity Shareholders' equity attributable to shareholders - changes in assets and liabilities recognised directly in equity - Undated Super
Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend distribution assumption); (d) Average Tangible permanent shareholders' equity: average of beginning of the year and end of the period including in
particular annualised net income as at 30 September with exceptional items and contribution to SRF and taxes not annualised (Tangible permanent shareholders' equity = permanent shareholders' equity - intangible assets - goodwill)
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 81View entire presentation