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BNP Paribas Group Economy
30.07.2021

BNP Paribas Group: Results as at 30 June 2021

BNP_780x354

 

 

 

A SOLID MODEL AND A STRONG PERFORMANCE

 

 

 

 

SUSTAINED GROWTH IN REVENUES

REVENUES: +0.9% vs. 2Q20

(+4.9% vs. 2Q19)

 

 

 

 

DECREASE IN COSTS, POSITIVE JAWS EFFECT

COSTS: -2.3% vs. 2Q20

(-3.5% vs. 2Q19)

 

 

 

 

STRONG INCREASE IN GOI1 VS. 2Q20 AND 2Q19

GOI1: +6.2% vs. 2Q20

(+21.5% vs. 2Q19)

 

 

 

 

LOW COST OF RISK: 38 bps2

  • Below the 45-55 bps range2
  • With overall no release of provisions on performing loans (stages 1 & 2)

 

 

 

 

STRONG RISE IN OPERATING INCOME VS. 2Q20 AND 2Q19

2Q21 OPERATING INCOME: €3,791m, +31.2% vs. 2Q20

(+19.7% vs. 2Q19)

 

 

 

 

 

VERY GOOD LEVEL OF RESULTS

STRONG RISE IN NET INCOME3 VS. 2Q20 AND 2Q19

2Q21 NET INCOME3: €2,911m, +26.6% vs. 2Q20
(+17.9% vs. 2Q19)

 

 

 

 

SOLID BALANCE SHEET – TRIM finalised

 

CET1 RATIO4: 12.9%

 

 

 

  • An additional ordinary dividend of €1.55 in cash,
    will be proposed at the General Meeting of 24 Sept. 2021, to be paid out on 30 Sept. 20215
  • 1 GOI: Gross Operating Income; 2. Cost of risk / customer loans outstanding at the beginning of the period (in bps); 3. Net Income, Group share; 4.CRD4; including IFRS9 transitional arrangements; 5. Additional ordinary dividend per share on 2020 net income that would raise the pay-out ratio to 50%, in accordance with the Group’s ordinary distribution policy and further to the ECB announcements of 23 July 2021 – Subject to the approval of the General Meeting of 24 Sept. 2021; detachment scheduled for 28 Sept. 2021, pay-out for 30 Sept. 2021


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