BNP PARIBAS FORTIS 2021 FULL YEAR RESULTS
In attachment you will find the press release and the slideshow of the full year results 2021 of BNP Paribas Fortis.
DYNAMIC BUSINESS ACTIVITY IN A CONTEXT OF REBOUND OF THE ECONOMY
CUSTOMER LOANS[1] AT EUR 218 BILLION, +5.4%* vs. 31.12.2020
CUSTOMER DEPOSITS[2] AT EUR 199 BILLION, +4.9%* vs. 31.12.2020
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STRONG SUPPORT FOR THE BELGIAN ECONOMY
EUR 38.1 BILLION (+18.7%) OF FINANCING PRODUCTION[3]
EUR 134 BILLION (+3.2%) OF LOANS[4]
EUR 93.3 BILLION (+10.4%) OFF BALANCE ASSETS UNDER MANAGEMENT[5]
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REVENUES: EUR 8,412 MILLION, +7.5%* vs. 2020 HIGHER REVENUES IN BELGIUM DESPITE THE IMPACT OF LOW INTEREST RATES EXCELLENTPERFORMANCEOF SUBSIDIARIES COSTS: EUR 4,577 MILLION, +2.7%* vs. 2020 STRICT COST MANAGEMENT WITH A COST REDUCTION IN BELGIUM
GROSS OPERATING INCOME: EUR 3,835 MILLION, +14.0%* vs. 2020
POSITIVE JAWS EFFECT
COST OF RISK: EUR 359 MILLION, -15bp vs. 2020
COST OF RISK ON AVERAGE OUTSTANDING CUSTOMER LOANS AT 17bp
PRE-TAX INCOME: EUR 3,813 MILLION, +26.9%* vs. 2020
NET INCOME: EUR 2,593 MILLION, +29.5%* vs. 2020
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VERY SOLID FINANCIAL STRUCTURE COMMON EQUITY TIER 1 RATIO OF 18.0% LIQUIDITY COVERAGE RATIO OF 192%[6]
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* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding other one-off results.
[1]Loans and receivables due from customers excl. securities and reverse repos and incl. Arval’s rental fleet.
[2]Amounts due to customers excl. repurchase agreements (‘repos’).
[3]Including Belgian subsidiaries.
[4]Including Belgian subsidiaries and including the Arval’s rental fleet in Belgium.
[5]BRB scope, excluding Assets under Administration (AuA).
[6]On a non-consolidated basis.
