BNP PARIBAS FORTIS 2020 FULL YEAR RESULTS
In attachment you will find the press release and the presentation of the full year results 2020 of BNP Paribas Fortis.

STRONGLY COMMITTED TO SUPPORTING THE BELGIAN ECONOMY IN THE CURRENT EXCEPTIONAL CIRCUMSTANCES OF THE HEALTH CRISIS
CUSTOMER LOANS AT EUR 115 BILLION,+3.5% vs. 31.12.2019 CUSTOMER DEPOSITS AT EUR 138 BILLION, +5.3% vs. 31.12.2019
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RESILIENT GROSS OPERATING RESULTS AND NET INCOME WITHIN THE CONTEXT OF THE CURRENT HEALTH CRISIS AND PERSISTENTLY LOW INTEREST RATES
REVENUES: EUR 7,893 MILLION, +1.1%* vs. 2019 LOWER REVENUES IN BELGIUM
COSTS: EUR 4,542 MILLION, DOWN BY -0.6%* vs. 2019 STRICT COST MANAGEMENT WITH A COST REDUCTION IN BELGIUM
GROSS OPERATING INCOME: EUR 3,351 MILLION, +3.4%* vs. 2019
POSITIVE JAWS EFFECT
COST OF RISK AT EUR 676 MILLION OR 32bp[1], +67.0%* vs. 2019
PRE-TAX INCOME: EUR 2,883 MILLION, -6.5%* vs. 2019
NET INCOME: EUR 1,870 MILLION, -7.7%* vs. 2019
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STRONG FINANCIAL STRUCTURE AT 31 DECEMBER 2020 COMMON EQUITY TIER 1 RATIO OF 15.9% LIQUIDITY COVERAGE RATIO OF 191%[2]
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Please find attached the entire press release.
* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates, and excluding other one-off results.
[1]Cost of risk on average outstanding customer loans.
[2]On a non-consolidated basis.