BNP Paribas Fortis 2019 Full Year Results

BNP Paribas Fortis Economy

March 13, 2020

In attachment you will find the press release and the slides of the annual results 2019 of BNP Paribas Fortis.

STRONG BUSINESS ACTIVITY

CONTINUED GROWTH OF CUSTOMER LOANS AND DEPOSITS

CUSTOMER LOANS[1] AT EUR 208 BILLION, +6.1%* vs. 31.12.2018

CUSTOMER DEPOSITS[2] AT EUR 184 BILLION, +6.3%* vs. 31.12.2018

COMMITTED TO THE BELGIAN ECONOMY
BRB[3] CUSTOMER LOANS AT EUR 111 BILLION, +4.4% vs. 31.12.2018

BRB CUSTOMER DEPOSITS AT EUR 131 BILLION, +5.1% vs. 31.12.2018

OVERALL GOOD RESULTS WITH A NET INCOME AT EUR 2,212 MILLION

REVENUES: EUR 8,036 MILLION, +4.1%* vs. 2018
SLIGHTLY LOWER REVENUES IN BELGIUM
 GROWING REVENUES IN OTHER BUSINESS LINES

COSTS: EUR 4,754 MILLION, +1.8%* vs. 2018
CONTROLLED COST REDUCTION IN BELGIUM
 CONTAINED COST INCREASE IN THE OTHER BUSINESS LINES

LOW COST OF RISK AT 22bp

PRE-TAX INCOME: EUR 3,238 MILLION, +6.0%* vs. 2018

NET INCOME: EUR 2,212 MILLION, +7.9%* vs. 2018

SOLID FINANCIAL STRUCTURE

COMMON EQUITY TIER 1 RATIO OF 13.2%

LIQUIDITY COVERAGE RATIO OF 127%[4]

* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding other one-off results (see page 5 for more details).

[1]Customer loans are loans and receivables due from customers excluding securities and reverse repos and including the property, plant and equipment of Arval. [2]Customer deposits consist of amounts due to customers excluding repurchase agreements (‘repos’). [3]Belgian Retail Banking [4]On a non-consolidated basis.