2022 Full Year Results
CPBS - Commercial & Personal Banking in France - 4Q22
€m
4Q22
4Q21
4Q22 /
3Q22
4Q22 /
2022
2021
2022 /
4Q21
3Q22
2021
Commercial & Personal Banking in France
Revenues
incl. net interest income
incl. fees
Operating Expenses and Dep.
Gross Operating Income
Cost of Risk
Operating Income
Share of Earnings of Equity-Method Entities
Other Non Operating Items
Pre-Tax Income
Income Attributable to Wealth and Asset Management
Pre-Tax Income of Commercial & Personal Banking in France
Cost/Income
Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in France)
1,670
1,608
+3.9%
1,669
+0.1%
6,680
6,269
+6.6%
902
884
+2.0%
899
+0.3%
3,568
3,401
+4.9%
768
724
+6.1%
769
-0.2%
3,112
2,869
+8.5%
-1,210
-1,178
+2.7%
-1,133
+6.8%
-4,698
-4,557
+3.1%
460
430
+7.1%
536
-14.1%
1,982
1,712
+15.7%
21
-99
n.s.
-102
n.s.
-237
-441
-46.2%
481
331
+45.6%
434
+11.0%
1,745
1,271
+37.2%
0
0
n.s.
0
n.s.
1
-1
n.s.
-1
-15
-96.5%
1
n.s.
25
39
-34.6%
481
316
+52.3%
434
+10.7%
1,771
1,309
+35.3%
-48
-35
+34.6%
-36
+30.9%
-158
-127
+24.0%
433
280
+54.5%
398
+8.8%
1,613
1,181
+36.5%
72.4%
73.3%
-0.9 pt
67.9%
+4.5 pt
70.3%
72.7%
-2.4 pt
11.3
10.6
+6.0%
1. Including 100% of Private Banking in France for the Revenues to Pre-tax income line items¹
Revenues: +3.9% vs. 4Q21
•
Net interest income: +2.0%, increase driven by the positive impact of the interest-rate environment despite the
impact of the gradual adjustment of loan margins
Fees: +6.1%, further increase in particular in the corporate segment
Operating expenses: +2.7% vs. 4Q21, increase driven by business development and the impact of cost-savings
measures; positive jaws effect (+1.2 pt)
Pre-tax income: +54.5% vs. 4Q21, strong decrease in the cost of risk with a release of provisions for €163m on
performing loans (stages 1 & 2) due to a change in methodology2 (-€43m without this impact)
1. PEL/CEL effect:+€8m in 4Q22 (+€6m in 4Q21); 2. to align with specific European standards
BNP PARIBAS
The bank for a changing world
2022 Full Year Results | 66View entire presentation