BNP PARIBAS Group: Confirmation of the Net Income trajectory
13 Marzo 2024 - 7:00AM
BNP PARIBAS Group: Confirmation of the Net Income trajectory
Confirmation of
the Net Income trajectoryPress releaseParis, 13 March
2024
The BNP Paribas Group confirms a steady growth
trajectory in Net Income, Group Share through the cycle. As such,
2024 Net Income will be higher than 2023 Distributable Net
Income.
BNP Paribas also confirms its 2025 ROTE1 target
in a range of 11.5% to 12%, as well as its ROTE target of 12% in
2026.
This trajectory, combined with a 60% pay-out
ratio2, should enable the Group to return a total of about 20
billion euros3 to its shareholders from 2024 to 2026.
Leveraging its diversified and customer-focused
model, BNP Paribas should continue to grow faster than its
underlying economy and to gain market share.
The trajectory will also be driven by the return
on capital deployed since 2022, following the sale of Bank of the
West, with a 2025 return on invested capital of more than 16%.
In addition, the Group announces an acceleration
and widening of operating efficiency measures amounting to a
recurring figure of about 400 million euros, thus raising the
target of the 2022-2025 plan to 2.7 billion euros. The Group also
confirms a jaws effect of an average of at least 2 points4 from
2022 to 2025.
Lastly, the Group maintains a conservative
origination policy and strict risk control. It reiterates its cost
of risk target of below 40 basis points each year over the duration
of the plan.
About BNP ParibasBNP Paribas is
the European Union’s leading bank and key player in international
banking. It operates in 63 countries and has nearly 183,000
employees, including more than 145,000 in Europe. The Group has key
positions in its three main fields of activity: Commercial,
Personal Banking & Services for the Group’s commercial &
personal banking and several specialised businesses including BNP
Paribas Personal Finance and Arval; Investment & Protection
Services for savings, investment and protection solutions; and
Corporate & Institutional Banking, focused on corporate and
institutional clients. Based on its strong diversified and
integrated model, the Group helps all its clients (individuals,
community associations, entrepreneurs, SMEs, corporate and
institutional clients) to realise their projects through solutions
spanning financing, investment, savings and protection insurance.
In Europe, BNP Paribas has four domestic markets: Belgium, France,
Italy and Luxembourg. The Group is rolling out its integrated
commercial & personal banking model across several
Mediterranean countries, Turkey, and Eastern Europe. As a key
player in international banking, the Group has leading platforms
and business lines in Europe, a strong presence in the Americas as
well as a solid and fast-growing business in Asia-Pacific. BNP
Paribas has implemented a Corporate Social Responsibility approach
in all its activities, enabling it to contribute to the
construction of a sustainable future, while ensuring the Group's
performance and stability.
Press contactSandrine Romano –
sandrine.romano@bnpparibas.com – +33 6 71 18 23 05Hacina Habchi –
hacina.habchi@bnpparibas.com - +33 7 61 97 65 20
1 Return on non-revaluated tangible equity 2
Applied to distributable Net Income after taking into account the
remuneration of Undated Super Subordinated Notes (“TSSDI”)3 Subject
to the approval of the General Meeting and to ECB authorization
(for the share buyback program), cumulated amount with respect to
financial years 2023, 2024 and 20254 CAGR 2022-2025 of Group
revenues minus CAGR 2022-2025 of Group operating expenses excluding
Bank of the West
Grafico Azioni BNP Paribas (BIT:1BNP)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni BNP Paribas (BIT:1BNP)
Storico
Da Dic 2023 a Dic 2024
