Investor Presentaiton
2021 - A solid financial structure
•
CET1 ratio: 12.9% as at 31.12.211 (+10 bps vs. 31.12.20)
2021 results, after taking into account a 50% pay-out ratio and the impact of the
execution of the €900m share buyback programme in 4Q21: +50 bps
•
Increase in risk-weighted assets at constant scope and exchange rates²: -25 bps
Other impacts on the ratio, in particular due to the tapering of regulatory
amendments related to the public health crisis³: -15 bps
2022 prospect: Impacts related to the updating of models and regulation (-20 bps)4
expected in 1Q22, offset by ordinary capital management by the end of 2022
CET1 ratio
12.8%
12.9%
31.12.20
31.12.21
Liquidity reserve (€bn)6
Leverage ratio5: 4.1% as at 31.12.21
Immediately available liquidity reserve: €452bn
(€432bn as at 31.12.20): Room to manoeuvre >1 year in terms of wholesale
funding
432
Liquidity Coverage Ratio: 143% as at 31.12.21
31.12.20
452
31.12.21
1. CRD4; including IFRS9 transitional arrangements; see slide 97; 2. Including impacts related to the updating of models and regulations; 3. IFRS9 transitional provisions and PVA aggregation factor (-10 bps);
4. In particular the application of the regulatory requirements related to Forex Risk in the banking book;
5. Calculated in accordance with Regulation (EU) 2019/876, without opting for the temporary exclusion related to deposits with Eurosystem central banks authorised by the ECB decision of 18 June 2021;
6. Liquid market assets or eligible assets in central banks (counterbalancing capacity), taking into account prudential standards, notably US standards, minus intra-day payment system needs
BNP PARIBAS
The bank for a changing world
2021 Full Year Results | 12
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