BNP PARIBAS company profile

(AOF) – Key points

– Bank born in 1822, strengthened in 1999 by the merger with Paribas, 1st in France and 7th in the world;

– Net banking income of € 44.63 billion generated by international financial services (35%), banking networks (34%) and investment banking (31%);

– Over 80% commitments in “rich” countries: France for 34%, Belgium & Luxembourg for 15%, Italy for 10%, other European countries for 19%, North America for 12%, Asia-Pacific for 5 %;

– Business model based on diversification in establishments and trades, synergies and cooperation between trades, on operational innovation and for customers;

– Capital held by the Belgian State (7.7%), the Grand Duchy of Luxembourg (1%) and employees (4.4%), with a board of directors of 13 members chaired by Jean Lamierre, Jean- Laurent Bonnafé being general manager;

– Solid financial position – CET 1 ratio of 13% and cash of € 478 billion at the end of September.

Challenges

– Growth strategy being redefined in the future 2025 plan;

-The best rated innovation strategy in the sector and focused on digitization: internally: support for intrapreneurs (Lux Future Lab, People’sLab4Good, Bivwak) / in the offer to customers: 4.4 million “digital” customers , leader in France in digital functionalities, world leading platforms in government bonds, forex or swaps and in the top five European neo-banks with Hello Bank! / partnerships: Plug and Pay global start-up acceleration platform;

– Environmental strategy aiming to become the world’s 1st in sustainable finance (1st worldwide in green bonds, 1st in Europe for financing renewable energy projects, 1st in EMEA in bonds with ESG criteria): objective of carbon neutrality in 2050 / integration systematic ESG criteria in all of the group’s businesses / towards a portfolio of loans aligned with the trajectory of the Paris Agreement (end of coal financing in 2030 in Europe and deployment of the Pacta methodology) / target of € 210 billion in financing energy transition for 2022, financing of biodiversity;

– Strengthening in online banking with the takeover of Floa Bank.

Challenges

– Change in net book assets, of € 76.8 at the end of September, to be compared with the stock market price;

– At the end of September 2021, growth of 5.2% in net banking income and 13.6% in net income.