BNP Paribas Group: Results as at 30 June 2021
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
BNP Paribas Half Year Results 2021
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2q21-slides
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