BNP Paribas Fortis 2022 First Half Results

In attachment you will find the press release and the slideshow of the half-year results 2022 of BNP Paribas Fortis.

 

SOLID CONSOLIDATED BUSINESS GROWTH SUPPORTED BY ALL ACTIVITIES

CUSTOMER LOANS[1] AT EUR 238 BILLION, +7.7%* vs. 30.06.2021

CUSTOMER DEPOSITS[2] AT EUR 216 BILLION, +5.2%* vs. 30.06.2021

 

 

STRONG SUPPORT TO THE BELGIAN ECONOMY

EUR 20.1 BILLION (+15.0%) OF LOANS PRODUCTION[3]

EUR 148 BILLION (+13.1%) OF LOANS PORTFOLIO[4]

EUR 86 BILLION (-7.1%)* OF OFF BALANCE SHEET ASSETS UNDER MANAGEMENT[5]

 

 

REVENUES: EUR 4,786 MILLION, +16.9%* vs. 1H 2021

STRONG GROWTH IN REVENUES SUPPORTED BY ALMOST ALL ACTIVITIES

COSTS: EUR 2,657 MILLION, +8.7%* vs. 1H 2021

CONTAINED COST INCREASE TO SUPPORT THE BUSINESS DEVELOPMENT

GROSS OPERATING INCOME: EUR 2,129 MILLION, +28.4%* vs. 1H 2021

STRONG OPERATIONAL PERFORMANCE AND VERY POSITIVE JAWS EFFECT

COST OF RISK: EUR 131 MILLION, -9bp[6]vs. 1H 2021

PRUDENT RISK PROFILE REFLECTED IN A LOW COST OF RISK AT 12bp

PRE-TAX INCOME: EUR 2,460 MILLION, +36.8%* vs. 1H 2021

NET INCOME : EUR 1,634 MILLION, +29.8%* vs. 1H 2021

 

 

VERY SOLID FINANCIAL STRUCTURE

COMMON EQUITY TIER 1 RATIO OF 17.3%

LIQUIDITY COVERAGE RATIO OF 154%[7]

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]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 (excluding the Arval’s rental fleet in Belgium).
[4]Including Belgian subsidiaries (including the Arval’s rental fleet in Belgium).
[5]Commercial & Personal Banking in Belgium (CPB BE) scope, excluding Assets under Administration (AuA).
[6]Cost of risk on average outstanding loans.
[7]On a non-consolidated basis.

2022-09-02 BNPPF HYR 2022

PDF 2.9 MB

Press release Half-year results 2022

PDF 3.5 MB

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