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BNP Paribas Earnings Release 2024
1158_iss_2025-03-28_d3e6d393-8472-4a77-b218-23b35cb320cb.pdf
Earnings Release
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RESTATEMENT OF NEW 2024 QUARTERLY SERIES IN THE 2025 FORMAT
PRESS RELEASE
Paris, 28 March 2025
This restatement has no impact on the Group's published 2024 results and changes only the analytical breakdown of business lines, divisions and Corporate Centre segment. However, it impacts the risk-weighted assets of the various business lines, divisions and Group.
In order to present a consistent reference with the presentation of the financial statements and the results applied from 1 January 2025, the quarterly series for the 2024 financial year include the main effects described below:
- The change in the allocation of normalized equity from 11% to 12% of risk-weighted assets: as part of the coming into force of the finalisation of Basel 3 (Basel 4) on 1 January 20251 , and in line with its CET1 target of 12%, the Group decided to change the normalized equity allocated to its business lines, excluding Insurance, to 12% of risk-weighted assets, from 11% previously, as of 1 January 2025;
- The impact of this transposition (Basel 4)1 on the level of risk-weighted assets;
- Full consolidation in the prudential scope of entities under the exclusive control of the Arval business as if it had occurred on 1 January 2024 (instead of 1 July 2024);
- The geographical focus (sale and run-off of businesses in 10 countries) carried out by Personal Finance. It leads to the reclassification of income and business data from the non-strategic or non-core perimeter (equivalent to the activities put into run-off) in the Corporate Centre. Personal Finance's profit and loss account therefore corresponds to the remaining strategic or core perimeter ;
- A change in revenue allocation methodology between Wealth Management and Corporate Centre;
- The business indicators at BNL are restated to take into account a precise breakdown of deposits by category (current, savings and term) and off balance sheet savings (assets under Discretionary Portfolio Management now included).
1 Transposition into European law of the finalisation of Basel 3 (Basel 4) by Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) 575/2013, published in the Official Journal of the European Union on 19 June 2024.
The following non-audited appendices detail the 2024 quarterly results in line with these developments.
- Appendix 1: 2024 restated Group profit & loss, unchanged compared to 2024 Published Group profit & loss
- Appendix 2: Effects of the restatement on operating divisions
- Appendix 3: Effects of the restatement on Corporate Centre
- Appendix 4: Effects on deposits and off balance sheet savings of BNL
- Appendix 5: New quarterly restated series for all operating divisions and businesses
New quarterly series in excel format are available on the following website: https://invest.bnpparibas.com
Calendar
- 9 April 2025: start of the quiet period
- 24 April 2025: release of 1Q25 results
- 13 May 2025: Annual General Meeting
- 19 May 2025: 2024 Dividend detachment date
- 21 May 2025: 2024 Dividend payment date
- 10 June 2025: Deep Dive Personal Finance
- 26 June 2025: Deep Dive Commercial & Personal Banking in France
- 24 July 2025: release of 2Q25 results
Investor relations contact
Bénédicte Thibord - [email protected]
Equity
Raphaëlle Bouvier-Flory - [email protected] Lisa Bugat - [email protected] Didier Leblanc - [email protected] Olivier Parenty - [email protected] Guillaume Tiberghien - [email protected]
Debt & Rating agencies
Didier Leblanc - [email protected] Olivier Parenty - [email protected]
Retail & ESG
Antoine Labarsouque - [email protected]
E-mail : [email protected]
APPENDIX 1: 2024 RESTATED GROUP PROFIT & LOSS, UNCHANGED COMPARED TO 2024 PUBLISHED GROUP PROFIT & LOSS
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Group | |||||
| Revenues | 48,831 | 12,137 | 11,941 | 12,270 | 12,483 |
| Operating Expenses and Dep. | -30,193 | -7,867 | -7,213 | -7,176 | -7,937 |
| Gross Operating Income | 18,638 | 4,270 | 4,728 | 5,094 | 4,546 |
| Cost of Risk | -2,999 | -878 | -729 | -752 | -640 |
| Other net losses for risk on financial instruments | -202 | -64 | -42 | -91 | -5 |
| Operating Income | 15,437 | 3,328 | 3,957 | 4,251 | 3,901 |
| Share of Earnings of Equity-Method Entities | 701 | 92 | 224 | 164 | 221 |
| Other Non Operating Items | 50 | -77 | -121 | 7 | 241 |
| Pre-Tax Income | 16,188 | 3,343 | 4,060 | 4,422 | 4,363 |
| Corporate Income Tax | -4,001 | -898 | -1,051 | -886 | -1,166 |
| Net Income Attributable to Minority Interests | -499 | -123 | -141 | -141 | -94 |
| Net Income from discontinued activities | 0 | 0 | 0 | 0 | 0 |
| Net Income Attributable to Equity Holders | 11,688 | 2,322 | 2,868 | 3,395 | 3,103 |
| Cost/income | 61.8% | 64.8% | 60.4% | 58.5% | 63.6% |
| Average loan outstandings (€bn) | 830.4 | 837.1 | 833.0 | 829.0 | 822.6 |
| Average deposits (€bn) | 785.5 | 799.4 | 787.1 | 779.2 | 776.3 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) |
911.0 | 923.8 | 919.8 | 904.6 | 895.7 |
| Cost of risk (in annualised bp) | 33 | 38 | 32 | 33 | 29 |
| RWA (Md€) | 799 | 799 | 794 | 788 | 776 |
APPENDIX 2: EFFECTS OF THE RESTATEMENT ON OPERATING DIVISIONS
| 2024 reported |
Effects of 2024 restatement | 2024 restated |
|||
|---|---|---|---|---|---|
| 2024 | CRR3, allocation of equity and others |
Change in Wealth Management methodology |
Core / non core perimeter of Personal Finance |
2024 | |
| €m | |||||
| Commercial, Personal Banking & Services (including 2/3 of Private Banking) |
|||||
| Revenues | 26,027 | 163 | -139 | 26,050 | |
| Operating Expenses and Dep. | -16,119 | 0 | 207 | -15,912 | |
| Gross Operating Income | 9,908 | 163 | 0 | 67 | 10,137 |
| Cost of Risk and others | -3,275 | 0 | 74 | -3,201 | |
| Operating Income | 6,633 | 163 | 0 | 141 | 6,937 |
| Share of Earnings of Equity-Method Entities | 405 | 3 | 409 | ||
| Other Non Operating Items | -234 | 0 | -64 | -298 | |
| Pre-Tax Income | 6,804 | 166 | 0 | 77 | 7,047 |
| Investment & Protection Services | |||||
| Revenues | 5,824 | 9 | -40 | 5,793 | |
| Operating Expenses and Dep. | -3,570 | 0 | -3,570 | ||
| Gross Operating Income | 2,254 | 9 | -40 | 0 | 2,223 |
| Cost of Risk and others | -15 | 0 | -15 | ||
| Operating Income | 2,239 | 9 | -40 | 0 | 2,208 |
| Share of Earnings of Equity-Method Entities | 120 | 0 | 120 | ||
| Other Non Operating Items | -4 | 0 | -4 | ||
| Pre-Tax Income | 2,355 | 9 | -40 | 0 | 2,324 |
| Corporate and Institutional Banking | |||||
| Revenues | 17,897 | 95 | 17,993 | ||
| Operating Expenses and Dep. | -10,731 | 0 | -10,731 | ||
| Gross Operating Income | 7,166 | 95 | 0 | 0 | 7,261 |
| Cost of Risk and others | 143 | 0 | 143 | ||
| Operating Income | 7,310 | 95 | 0 | 0 | 7,405 |
| Share of Earnings of Equity-Method Entities | 17 | 0 | 17 | ||
| Other Non Operating Items | -4 | 0 | -4 | ||
| Pre-Tax Income | 7,323 | 95 | 0 | 0 | 7,418 |
APPENDIX 3: EFFECTS OF THE RESTATEMENT ON CORPORATE CENTRE
| 2024 reported |
Effects of 2024 restatement | 2024 restated |
||||
|---|---|---|---|---|---|---|
| 2024 | CRR3, allocation of equity and others |
Change in Wealth Management methodology |
Non Core perimeter of Personal Finance |
2024 | ||
| €m Corporate Center incl. restatement related to insurance activities of the volatility (IFRS 9 ) and attributable costs (internal distribution) and non core PF |
||||||
| Revenues | -917 | -267 | 40 | 139 | -1,004 | |
| Incl. Restatement of the volatility (Insurance business) Incl. Restatement of attributable costs (Internal |
-5 | 0 | -5 | |||
| Distributors) | -1,085 | 0 | -1,085 | |||
| Operating Expenses and Dep. | 227 | 0 | -207 | 20 | ||
| Incl. Restructuring, IT Reinforcement and Adaptation Costs |
-571 | 0 | -571 | |||
| Incl. Restatement of attributable costs (Internal Distributors) |
1,085 | 0 | 1,085 | |||
| Gross Operating Income | -690 | -267 | 40 | -67 | -984 | |
| Cost of Risk and others | -55 | 0 | -74 | -129 | ||
| Operating Income | -745 | -267 | 40 | -141 | -1,113 | |
| Share of Earnings of Equity-Method Entities | 158 | -3 | 155 | |||
| Other Non Operating Items | 292 | 0 | 64 | 356 | ||
| Pre-Tax Income | -294 | -270 | 40 | -77 | -602 |
APPENDIX 4: EFFECTS ON DEPOSITS AND ON OFF BALANCE SHEET SAVINGS OF BNL
| Actual 2024 | Actual 2024 restated | Impacts of the 2024 restatement |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | |
| Deposits and savings (€bn)* |
68,3 | 68,5 | 66,3 | 67,7 | 68,3 | 68,5 | 66,3 | 67,7 | 0,0 | 0,0 | 0,0 | 0,0 |
| Of which Current Accounts | 55,5 | 54,6 | 52,0 | 52,8 | ||||||||
| Of which Savings Accounts | 0,2 | 0,2 | 0,2 | 0,2 | ||||||||
| Of which Market Rate Deposits |
12,6 | 13,7 | 14,1 | 14,8 | ||||||||
| Off balance sheet savings (€bn) |
||||||||||||
| Life Insurance | 21,9 | 21,6 | 21,7 | 21,9 | 22,2 | 22,0 | 22,1 | 22,3 | 0,3 | 0,3 | 0,4 | 0,4 |
| Mutual Funds | 15,5 | 15,5 | 15,8 | 16,0 | 16,3 | 16,3 | 16,7 | 17,1 | 0,7 | 0,9 | 0,9 | 1,0 |
*Including 100% of Private Banking
APPENDIX 5: NEW QUARTERLY RESTATED SERIES FOR ALL OPERATING DIVISIONS AND BUSINESSES
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Corporate and Institutional Banking | |||||
| Revenues | 17,993 | 4,529 | 4,267 | 4,500 | 4,696 |
| Operating Expenses and Dep. | -10,731 | -2,930 | -2,571 | -2,489 | -2,741 |
| Gross Operating Income | 7,261 | 1,599 | 1,697 | 2,011 | 1,955 |
| Cost of Risk and others | 143 | -30 | -27 | 106 | 95 |
| Operating Income | 7,405 | 1,569 | 1,669 | 2,117 | 2,050 |
| Share of Earnings of Equity-Method Entities | 17 | 5 | 6 | 4 | 3 |
| Other Non Operating Items | -4 | 1 | -3 | -2 | 0 |
| Pre-Tax Income | 7,418 | 1,575 | 1,672 | 2,118 | 2,052 |
| Cost/Income | 59.6% | 64.7% | 60.2% | 55.3% | 58.4% |
| Allocated Equity (€bn, year to date) | 35.5 | 35.5 | 35.1 | 34.6 | 33.7 |
| RWA (€bn) | 277.9 | 277.9 | 277.0 | 277.6 | 274.0 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Global Banking | |||||
| Revenues | 6,276 | 1,727 | 1,493 | 1,507 | 1,548 |
| Operating Expenses and Dep. | -2,921 | -758 | -718 | -715 | -730 |
| Gross Operating Income | 3,355 | 969 | 775 | 792 | 818 |
| Cost of Risk and others | 171 | -33 | -17 | 134 | 87 |
| Operating Income | 3,526 | 936 | 759 | 926 | 905 |
| Share of Earnings of Equity-Method Entities | 6 | 1 | 1 | 1 | 1 |
| Other Non Operating Items | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Income | 3,532 | 938 | 760 | 928 | 906 |
| Cost/Income | 46.5% | 43.9% | 48.1% | 47.5% | 47.2% |
| Average loan outstandings (€bn) | 183 | 186 | 186 | 183 | 178 |
| Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in | 178 | 179 | 185 | 176 | 172 |
| bp) | |||||
| Average deposits (€bn) | 220 | 231 | 220 | 213 | 217 |
| Cost of risk (in annualised bp) | -10 | 7 | 4 | -30 | -20 |
| Allocated Equity (€bn, year to date) | 18.0 | 18.0 | 17.7 | 17.3 | 17.0 |
| RWA (€bn) | 144.3 | 144.3 | 149.2 | 149.2 | 142.7 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Global Markets | |||||
| Revenues | 8,770 | 2,025 | 2,036 | 2,262 | 2,448 |
| incl. FICC | 5,100 | 1,165 | 1,212 | 1,111 | 1,612 |
| incl. Equity & Prime Services | 3,671 | 861 | 824 | 1,151 | 835 |
| Operating Expenses and Dep. | -1,620 | -1,301 | -1,242 | -1,486 | |
| Gross Operating Income | -5,649 | ||||
| 3,122 | 406 | 735 | 1,020 | 961 | |
| Cost of Risk and others | -28 | 3 | -11 | -29 | 9 |
| Operating Income | 3,093 | 409 | 723 | 991 | 970 |
| Share of Earnings of Equity-Method Entities | 2 | 2 | 0 | 0 | 1 |
| Other Non Operating Items Pre-Tax Income |
-1 3,095 |
2 412 |
0 723 |
-2 989 |
0 970 |
| Cost/Income Allocated Equity (€bn, year to date) |
64.4% 16.0 |
80.0% 16.0 |
63.9% 15.9 |
54.9% 15.8 |
60.7% 15.2 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Securities Services | |||||
| Revenues | 2,946 | 777 | 738 | 731 | 700 |
| Operating Expenses and Dep. | -2,161 | -553 | -552 | -532 | -524 |
| Gross Operating Income | 785 | 224 | 186 | 199 | 175 |
| Cost of Risk and others | 0 | 0 | 1 | 0 | -1 |
| Operating Income | 785 | 224 | 187 | 199 | 175 |
| Share of Earnings of Equity-Method Entities | 9 | 2 | 4 | 2 | 1 |
| Other Non Operating Items | -3 | 0 | -2 | 0 | 0 |
| Pre-Tax Income | 791 | 226 | 189 | 201 | 175 |
| Cost/Income | 73.4% | 71.2% | 74.8% | 72.8% | 74.9% |
| Assets under custody (€bn) | 13,249 | 13,249 | 13,439 | 13,016 | 13,356 |
| Assets under administration (€bn) | 2,763 | 2,763 | 2,658 | 2,576 | 2,538 |
| Number of fransactions (in million) | 45.1 | 45.1 | 39.7 | 37.2 | 36.7 |
| Allocated Equity (€bn, year to date) | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| RWA (€bn) | 13.9 | 13.9 | 12.9 | 12.0 | 12.5 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial, Personal Banking & Services (including 100% of Private Banking)1 | |||||
| Revenues | 26,788 | 6,758 | 6,607 | 6,788 | 6,636 |
| Operating Expenses and Dep. | -16,304 | -4,094 | -3,862 | -3,936 | -4,413 |
| Gross Operating Income | 10,483 | 2,664 | 2,745 | 2,852 | 2,223 |
| Cost of Risk and others | -3,198 | -871 | -736 | -888 | -703 |
| Operating Income | 7,286 | 1,793 | 2,009 | 1,963 | 1,520 |
| Share of Earnings of Equity-Method Entities | 409 | 64 | 164 | 83 | 97 |
| Other Non Operating Items | -298 | -80 | -66 | -49 | -103 |
| Pre-Tax Income | 7,396 | 1,777 | 2,107 | 1,998 | 1,514 |
| Income Attributable to Wealth and Asset Management | -349 | -88 | -93 | -94 | -74 |
| Pre-Tax Income of Commercial, Personal Banking & Services | 7,047 | 1,689 | 2,014 | 1,904 | 1,440 |
| Cost/Income | 60.9% | 60.6% | 58.5% | 58.0% | 66.5% |
| Average loan outstandings (€bn) | 638 | 644 | 639 | 637 | 633 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 633 | 634 | 636 | 629 | 631 |
| Average deposits (€bn) | 565 | 568 | 567 | 566 | 559 |
| Cost of risk (in annualised bp) | 47 | 51 | 44 | 51 | 44 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
55.5 | 55.5 | 55.3 | 55.0 | 54.6 |
| RWA (€bn) | 445.7 | 445.7 | 443.8 | 443.2 | 438.5 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Commercial, Personal Banking & Services - excl. PEL/CEL (including 100% of Private Banking)1 | |||||
| Revenues | 26,775 | 6,759 | 6,598 | 6,786 | 6,633 |
| Operating Expenses and Dep. | -16,304 | -4,094 | -3,862 | -3,936 | -4,413 |
| Gross Operating Income | 10,471 | 2,665 | 2,736 | 2,850 | 2,221 |
| Cost of Risk and others | -3,198 | -871 | -736 | -888 | -703 |
| Operating Income | 7,273 | 1,793 | 2,000 | 1,961 | 1,518 |
| Share of Earnings of Equity-Method Entities | 409 | 64 | 164 | 83 | 97 |
| Other Non Operating Items | -298 | -80 | -66 | -49 | -103 |
| Pre-Tax Income | 7,383 | 1,777 | 2,098 | 1,996 | 1,512 |
| Income Attributable to Wealth and Asset Management | -349 | -88 | -93 | -94 | -74 |
| Pre-Tax Income of Commercial, Personal Banking & Services | 7,034 | 1,690 | 2,005 | 1,902 | 1,438 |
| Cost/Income | 60.9% | 60.6% | 58.5% | 58.0% | 66.5% |
| Average loan outstandings (€bn) | 638 | 644 | 639 | 637 | 633 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 633 | 634 | 636 | 629 | 631 |
| Average deposits (€bn) | 565 | 568 | 567 | 566 | 559 |
| Cost of risk (in annualised bp) | 47 | 51 | 44 | 51 | 44 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
55.5 | 55.5 | 55.3 | 55.0 | 54.6 |
| RWA (€bn) | 445.7 | 445.7 | 443.8 | 443.2 | 438.5 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial, Personal Banking & Services (including 2/3 of Private Banking) | |||||
| Revenues | 26,050 | 6,577 | 6,423 | 6,599 | 6,452 |
| Operating Expenses and Dep. | -15,912 | -3,999 | -3,770 | -3,840 | -4,303 |
| Gross Operating Income | 10,137 | 2,578 | 2,653 | 2,759 | 2,148 |
| Cost of Risk and others | -3,201 | -873 | -737 | -889 | -702 |
| Operating Income | 6,937 | 1,705 | 1,915 | 1,870 | 1,446 |
| Share of Earnings of Equity-Method Entities | 409 | 64 | 164 | 83 | 97 |
| Other Non Operating Items | -298 | -80 | -66 | -49 | -103 |
| Pre-Tax Income | 7,047 | 1,689 | 2,014 | 1,904 | 1,440 |
| Cost/Income | 61.1% | 60.8% | 58.7% | 58.2% | 66.7% |
| Allocated Equity (€bn, year to date) | 55.5 | 55.5 | 55.3 | 55.0 | 54.6 |
| RWA (€bn) | 441.9 | 441.9 | 439.6 | 438.7 | 433.9 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial, Personal Banking & Services - excl. PEL/CEL (including 2/3 of Private Banking) | |||||
| Revenues | 26,037 | 6,578 | 6,414 | 6,596 | 6,449 |
| Operating Expenses and Dep. | -15,912 | -3,999 | -3,770 | -3,840 | -4,303 |
| Gross Operating Income | 10,125 | 2,578 | 2,644 | 2,757 | 2,146 |
| Cost of Risk and others | -3,201 | -873 | -737 | -889 | -702 |
| Operating Income | 6,924 | 1,706 | 1,907 | 1,867 | 1,444 |
| Share of Earnings of Equity-Method Entities | 409 | 64 | 164 | 83 | 97 |
| Other Non Operating Items | -298 | -80 | -66 | -49 | -103 |
| Pre-Tax Income | 7,034 | 1,690 | 2,005 | 1,902 | 1,438 |
| Cost/Income | 61.1% | 60.8% | 58.8% | 58.2% | 66.7% |
| Allocated Equity (€bn, year to date) | 55.5 | 55.5 | 55.3 | 55.0 | 54.6 |
| RWA (€bn) | 441.9 | 441.9 | 439.6 | 438.7 | 433.9 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Commercial & Personal Banking (including 100% of Private Banking)1 | |||||
| Revenues | 17,109 | 4,390 | 4,249 | 4,267 | 4,203 |
| incl. net interest revenue | 10,851 | 2,766 | 2,747 | 2,656 | 2,682 |
| incl. fees | 6,258 | 1,624 | 1,502 | 1,611 | 1,521 |
| Operating Expenses and Dep. | -11,444 | -2,866 | -2,680 | -2,748 | -3,151 |
| Gross Operating Income | 5,665 | 1,524 | 1,569 | 1,519 | 1,052 |
| Cost of Risk and others | -1,395 | -400 | -307 | -427 | -262 |
| Operating Income | 4,269 | 1,123 | 1,262 | 1,093 | 791 |
| Share of Earnings of Equity-Method Entities | 382 | 62 | 157 | 76 | 86 |
| Other Non Operating Items | -249 | -57 | -62 | -41 | -88 |
| Pre-Tax Income | 4,403 | 1,128 | 1,357 | 1,128 | 789 |
| Income Attributable to Wealth and Asset Management | -345 | -87 | -92 | -93 | -73 |
| Pre-Tax Income of Commercial & Personal Banking | 4,057 | 1,042 | 1,265 | 1,035 | 716 |
| Cost/Income | 66.9% | 65.3% | 63.1% | 64.4% | 75.0% |
| Average loan outstandings (€bn) | 469 | 471 | 469 | 469 | 468 |
| Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in bp) |
499 | 497 | 502 | 497 | 499 |
| Average deposits (€bn) | 532 | 536 | 534 | 533 | 526 |
| Cost of risk (in annualised bp) | 24 | 27 | 21 | 27 | 21 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
36.7 | 36.7 | 36.5 | 36.3 | 36.1 |
| RWA (€bn) | 293.2 | 293.2 | 293.8 | 294.2 | 290.7 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial & Personal Banking - excl. PEL/CEL (including 100% of Private Banking)1 | |||||
| Revenues | 17,096 | 4,390 | 4,240 | 4,265 | 4,201 |
| incl. net interest revenue | 10,839 | 2,766 | 2,738 | 2,654 | 2,680 |
| incl. fees | 6,258 | 1,624 | 1,502 | 1,611 | 1,521 |
| Operating Expenses and Dep. | -11,444 | -2,866 | -2,680 | -2,748 | -3,151 |
| Gross Operating Income | 5,652 | 1,524 | 1,560 | 1,517 | 1,050 |
| Cost of Risk and others | -1,395 | -400 | -307 | -427 | -262 |
| Operating Income | 4,257 | 1,124 | 1,254 | 1,091 | 788 |
| Share of Earnings of Equity-Method Entities | 382 | 62 | 157 | 76 | 86 |
| Other Non Operating Items | -249 | -57 | -62 | -41 | -88 |
| Pre-Tax Income | 4,390 | 1,129 | 1,349 | 1,126 | 787 |
| Income Attributable to Wealth and Asset Management | -345 | -87 | -92 | -93 | -73 |
| Pre-Tax Income of Commercial & Personal Banking | 4,045 | 1,042 | 1,256 | 1,033 | 714 |
| Cost/Income | 66.9% | 65.3% | 63.2% | 64.4% | 75.0% |
| Average loan outstandings (€bn) Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in |
469 499 |
471 497 |
469 502 |
469 497 |
468 499 |
| bp) | |||||
| Average deposits (€bn) | 532 | 536 | 534 | 533 | 526 |
| Cost of risk (in annualised bp) Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
24 36.7 |
27 36.7 |
21 36.5 |
27 36.3 |
21 36.1 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Commercial & Personal Banking (including 2/3 of Private Banking) | |||||
| Revenues | 16,384 | 4,212 | 4,068 | 4,081 | 4,022 |
| Operating Expenses and Dep. | -11,061 | -2,774 | -2,590 | -2,654 | -3,044 |
| Gross Operating Income | 5,322 | 1,438 | 1,478 | 1,427 | 978 |
| Cost of Risk and others | -1,398 | -402 | -308 | -427 | -261 |
| Operating Income | 3,924 | 1,037 | 1,170 | 1,000 | 717 |
| Share of Earnings of Equity-Method Entities | 382 | 62 | 157 | 76 | 86 |
| Other Non Operating Items | -249 | -57 | -63 | -42 | -88 |
| Pre-Tax Income | 4,057 | 1,042 | 1,265 | 1,035 | 716 |
| Cost/Income | 67.5% | 65.9% | 63.7% | 65.0% | 75.7% |
| Allocated Equity (€bn, year to date) | 36.7 | 36.7 | 36.5 | 36.3 | 36.1 |
| RWA (€bn) | 289.4 | 289.4 | 289.5 | 289.7 | 286.1 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial & Personal Banking - excl. PEL/CEL (including 2/3 of Private Banking) | |||||
| Revenues | 16,371 | 4,213 | 4,059 | 4,079 | 4,020 |
| Operating Expenses and Dep. | -11,061 | -2,774 | -2,590 | -2,654 | -3,044 |
| Gross Operating Income | 5,310 | 1,439 | 1,470 | 1,425 | 976 |
| Cost of Risk and others | -1,398 | -402 | -308 | -427 | -261 |
| Operating Income | 3,912 | 1,037 | 1,162 | 998 | 715 |
| Share of Earnings of Equity-Method Entities | 382 | 62 | 157 | 76 | 86 |
| Other Non Operating Items | -249 | -57 | -63 | -42 | -88 |
| Pre-Tax Income | 4,045 | 1,042 | 1,256 | 1,033 | 714 |
| Cost/Income | 67.6% | 65.8% | 63.8% | 65.1% | 75.7% |
| Allocated Equity (€bn, year to date) | 36.7 | 36.7 | 36.5 | 36.3 | 36.1 |
| RWA (€bn) | 289.4 | 289.4 | 289.5 | 289.7 | 286.1 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial & Personal Banking in the Eurozone (including 100% of Private Banking)1 | |||||
| Revenues | 13,877 | 3,488 | 3,419 | 3,530 | 3,440 |
| incl. net interest revenue | 8,232 | 2,052 | 2,058 | 2,061 | 2,060 |
| incl. fees | 5,645 | 1,436 | 1,360 | 1,468 | 1,380 |
| Operating Expenses and Dep. | -9,417 | -2,314 | -2,200 | -2,255 | -2,648 |
| Gross Operating Income | 4,460 | 1,174 | 1,219 | 1,275 | 792 |
| Cost of Risk and others | -1,029 | -271 | -221 | -319 | -217 |
| Operating Income | 3,431 | 903 | 997 | 956 | 575 |
| Share of Earnings of Equity-Method Entities | 80 | -1 | 75 | 5 | 1 |
| Other Non Operating Items | 1 | -4 | 2 | 1 | 1 |
| Pre-Tax Income | 3,512 | 898 | 1,074 | 962 | 578 |
| Income Attributable to Wealth and Asset Management | -307 | -81 | -81 | -81 | -64 |
| Pre-Tax Income of Commercial & Personal Banking in the Eurozone | 3,205 | 817 | 994 | 881 | 514 |
| Cost/Income | 67.9% | 66.3% | 64.3% | 63.9% | 77.0% |
| Average loan outstandings (€bn) | 434 | 434 | 434 | 434 | 434 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 463 | 461 | 464 | 461 | 464 |
| Average deposits (€bn) | 484 | 487 | 485 | 485 | 480 |
| Cost of risk (in annualised bp) | 22 | 24 | 19 | 28 | 19 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
29.3 | 29.3 | 29.2 | 29.1 | 29.0 |
| RWA (€bn) | 225.4 | 225.4 | 230.7 | 231.5 | 230.1 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Commercial & Personal Banking in the Eurozone - excl. PEL/CEL (including 100% of Private Banking)1 | |||||
| Revenues | 13,864 | 3,489 | 3,410 | 3,528 | 3,438 |
| incl. net interest revenue | 8,220 | 2,053 | 2,050 | 2,059 | 2,058 |
| incl. fees | 5,645 | 1,436 | 1,360 | 1,468 | 1,380 |
| Operating Expenses and Dep. | -9,417 | -2,314 | -2,200 | -2,255 | -2,648 |
| Gross Operating Income | 4,448 | 1,175 | 1,210 | 1,273 | 790 |
| Cost of Risk and others | -1,029 | -271 | -221 | -319 | -217 |
| Operating Income | 3,419 | 903 | 988 | 954 | 573 |
| Share of Earnings of Equity-Method Entities | 80 | -1 | 75 | 5 | 1 |
| Other Non Operating Items | 1 | -4 | 2 | 1 | 1 |
| Pre-Tax Income | 3,500 | 898 | 1,066 | 960 | 575 |
| Income Attributable to Wealth and Asset Management | -307 | -81 | -81 | -81 | -64 |
| Pre-Tax Income of Commercial & Personal Banking in the Eurozone | 3,192 | 817 | 985 | 879 | 511 |
| Cost/Income | 67.9% | 66.3% | 64.5% | 63.9% | 77.0% |
| Average loan outstandings (€bn) | 434 | 434 | 434 | 434 | 434 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 463 | 461 | 464 | 461 | 464 |
| Average deposits (€bn) | 484 | 487 | 485 | 485 | 480 |
| Cost of risk (in annualised bp) | 22 | 24 | 19 | 28 | 19 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
29.3 | 29.3 | 29.2 | 29.1 | 29.0 |
| RWA (€bn) | 225.4 | 225.4 | 230.7 | 231.5 | 230.1 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial & Personal Banking in the Eurozone (including 2/3 of Private Banking) | |||||
| Revenues | 13,202 | 3,320 | 3,253 | 3,358 | 3,271 |
| Operating Expenses and Dep. | -9,046 | -2,225 | -2,113 | -2,164 | -2,544 |
| Gross Operating Income | 4,157 | 1,095 | 1,140 | 1,195 | 728 |
| Cost of Risk and others | -1,033 | -273 | -223 | -320 | -216 |
| Operating Income | 3,124 | 822 | 917 | 874 | 511 |
| Share of Earnings of Equity-Method Entities | 80 | -1 | 75 | 5 | 1 |
| Other Non Operating Items | 0 | -4 | 2 | 1 | 1 |
| Pre-Tax Income | 3,205 | 817 | 994 | 881 | 514 |
| Cost/Income | 68.5% | 67.0% | 65.0% | 64.4% | 77.8% |
| Allocated Equity (€bn, year to date) | 29.3 | 29.3 | 29.2 | 29.1 | 29.0 |
| RWA (€bn) | 221.5 | 221.5 | 226.5 | 227.0 | 225.5 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Commercial & Personal Banking in the Eurozone - excl. PEL/CEL (including 2/3 of Private Banking) | |||||
| Revenues | 13,190 | 3,320 | 3,244 | 3,356 | 3,269 |
| Operating Expenses and Dep. | -9,046 | -2,225 | -2,113 | -2,164 | -2,544 |
| Gross Operating Income | 4,144 | 1,095 | 1,131 | 1,193 | 725 |
| Cost of Risk and others | -1,033 | -273 | -223 | -320 | -216 |
| Operating Income | 3,111 | 822 | 908 | 872 | 509 |
| Share of Earnings of Equity-Method Entities | 80 | -1 | 75 | 5 | 1 |
| Other Non Operating Items | 0 | -4 | 2 | 1 | 1 |
| Pre-Tax Income | 3,192 | 817 | 985 | 879 | 511 |
| Cost/Income | 68.6% | 67.0% | 65.1% | 64.5% | 77.8% |
| Allocated Equity (€bn, year to date) | 29.3 | 29.3 | 29.2 | 29.1 | 29.0 |
| RWA (€bn) | 221.5 | 221.5 | 226.5 | 227.0 | 225.5 |
| Revenues 6,613 1,665 1,648 1,677 1,622 incl. net interest revenue 3,361 848 862 823 828 incl. fees 3,252 817 786 855 794 Operating Expenses and Dep. -4,597 -1,174 -1,134 -1,118 -1,171 Gross Operating Income 2,016 492 514 559 451 Cost of Risk and others -668 -190 -122 -239 -116 Operating Income 1,349 301 392 320 335 Share of Earnings of Equity-Method Entities 0 0 0 0 0 Other Non Operating Items -2 0 0 -1 0 Pre-Tax Income 1,347 301 392 319 335 Income Attributable to Wealth and Asset Management -179 -44 -46 -45 -46 Pre-Tax Income of CPBF 1,167 257 347 275 289 Cost/Income 69.5% 70.5% 68.8% 66.7% 72.2% 208 208 208 208 209 Average loan outstandings (€bn) Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in 231 230 231 230 232 bp) 231 231 232 233 230 Average deposits (€bn) 29 33 21 41 20 Cost of risk (in annualised bp) Allocated Equity (€bn, year to date; including 2/3 of Private 13.3 13.3 13.2 13.1 13.0 Banking) 102.8 102.8 107.9 107.9 106.0 RWA (€bn) €m 2024 4Q24 3Q24 2Q24 1Q24 CPBF - excl. PEL/CEL (including 100% of Private Banking)1 Revenues 6,600 1,666 1,640 1,675 1,620 incl. net interest revenue 3,348 849 853 821 826 incl. fees 3,252 817 786 855 794 Operating Expenses and Dep. -4,597 -1,174 -1,134 -1,118 -1,171 Gross Operating Income 2,004 492 505 557 449 Cost of Risk and others -668 -190 -122 -239 -116 Operating Income 1,336 302 383 318 332 Share of Earnings of Equity-Method Entities 0 0 0 0 0 Other Non Operating Items -2 0 0 -1 0 Pre-Tax Income 1,334 301 383 317 332 Income Attributable to Wealth and Asset Management -179 -44 -46 -45 -46 Pre-Tax Income of CPBF 1,155 258 338 272 287 Cost/Income 69.6% 70.5% 69.2% 66.7% 72.3% 208 208 208 208 209 Average loan outstandings (€bn) Loan outstandings at the beginning of the quarter (€bn) (used for cost of risk in 231 230 231 230 232 bp) 231 231 232 233 230 Average deposits (€bn) 29 33 21 41 20 Cost of risk (in annualised bp) Allocated Equity (€bn, year to date; including 2/3 of Private 13.3 13.3 13.2 13.1 13.0 |
€m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|---|
| CPBF (including 100% of Private Banking)1 | ||||||
| Banking) | ||||||
| 102.8 102.8 107.9 107.9 106.0 RWA (€bn) |
Reminder on PEL/CEL provision: this provision, accounted in the revenues of CPB in France, takes into account the risk generated by Plans Epargne Logement (PEL) and Comptes Epargne Logement (CEL) during their whole lifetime. €m 2024 4Q24 3Q24 2Q24 1Q24
| PEL/CEL effects 100% of Private Banking in France | 12 | -1 | 9 | 2 | 2 |
|---|---|---|---|---|---|
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| CPBF (including 2/3 of Private Banking) | |||||
| Revenues | 6,258 | 1,578 | 1,561 | 1,588 | 1,531 |
| Operating Expenses and Dep. | -4,420 | -1,130 | -1,091 | -1,072 | -1,126 |
| Gross Operating Income | 1,839 | 448 | 470 | 516 | 405 |
| Cost of Risk and others | -670 | -190 | -124 | -240 | -116 |
| Operating Income | 1,169 | 258 | 347 | 276 | 289 |
| Non Operating Items | -2 | -1 | 0 | -1 | 0 |
| Pre-Tax Income | 1,167 | 257 | 347 | 275 | 289 |
| Cost/Income | 70.6% | 71.6% | 69.9% | 67.5% | 73.6% |
| Allocated Equity (€bn, year to date) | 13.3 | 13.3 | 13.2 | 13.1 | 13.0 |
| RWA (€bn) | 100.4 | 100.4 | 105.1 | 105.0 | 103.0 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| CPBF - excl. PEL/CEL (including 2/3 of Private Banking) | |||||
| Revenues | 6,246 | 1,578 | 1,552 | 1,586 | 1,529 |
| Operating Expenses and Dep. | -4,420 | -1,130 | -1,091 | -1,072 | -1,126 |
| Gross Operating Income | 1,826 | 448 | 462 | 514 | 403 |
| Cost of Risk and others | -670 | -190 | -124 | -240 | -116 |
| Operating Income | 1,157 | 258 | 338 | 274 | 287 |
| Non Operating Items | -2 | -1 | 0 | -1 | 0 |
| Pre-Tax Income | 1,155 | 258 | 338 | 272 | 287 |
| Cost/Income | 70.8% | 71.6% | 70.3% | 67.6% | 73.7% |
| Allocated Equity (€bn, year to date) | 13.3 | 13.3 | 13.2 | 13.1 | 13.0 |
| RWA (€bn) | 100.4 | 100.4 | 105.1 | 105.0 | 103.0 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| BNL bc (including 100% of Private Banking)1 | |||||
| Revenues | 2,864 | 726 | 684 | 724 | 731 |
| incl. net interest revenue | 1,718 | 431 | 411 | 428 | 447 |
| incl. fees | 1,147 | 295 | 273 | 295 | 284 |
| Operating Expenses and Dep. | -1,805 | -461 | -418 | -486 | -440 |
| Gross Operating Income | 1,059 | 266 | 266 | 237 | 290 |
| Cost of Risk and others | -339 | -58 | -114 | -95 | -72 |
| Operating Income | 720 | 208 | 152 | 142 | 218 |
| Share of Earnings of Equity-Method Entities | -2 | -1 | -1 | 0 | 0 |
| Other Non Operating Items | -2 | -3 | 0 | 0 | 0 |
| Pre-Tax Income | 716 | 204 | 152 | 142 | 218 |
| Income Attributable to Wealth and Asset Management | -30 | -7 | -8 | -8 | -7 |
| Pre-Tax Income of BNL bc | 686 | 197 | 144 | 134 | 211 |
| Cost/Income | 63.0% | 63.4% | 61.1% | 67.2% | 60.3% |
| Average loan outstandings (€bn) | 71 | 71 | 71 | 71 | 72 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 73 | 72 | 73 | 72 | 74 |
| Average deposits (€bn) | 68 | 68 | 66 | 68 | 68 |
| Cost of risk (in annualised bp) | 46 | 32 | 62 | 53 | 39 |
| Allocated Equity (€bn, year to date; including 2/3 of Private | 6.4 | 6.4 | 6.4 | 6.5 | 6.5 |
| Banking) | |||||
| RWA (€bn) | 46.4 | 46.4 | 46.4 | 46.6 | 46.4 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| BNL bc (including 2/3 of Private Banking) | |||||
| Revenues | 2,774 | 704 | 662 | 700 | 708 |
| Operating Expenses and Dep. | -1,745 | -445 | -404 | -471 | -425 |
| Gross Operating Income | 1,029 | 259 | 258 | 229 | 283 |
| Cost of Risk and others | -338 | -58 | -113 | -95 | -72 |
| Operating Income | 690 | 201 | 144 | 134 | 211 |
| Share of Earnings of Equity-Method Entities | -2 | -1 | -1 | 0 | 0 |
| Other Non Operating Items | -2 | -3 | 0 | 0 | 0 |
| Pre-Tax Income | 686 | 197 | 144 | 134 | 211 |
| Cost/Income | 62.9% | 63.2% | 61.1% | 67.3% | 60.1% |
| Allocated Equity (€bn, year to date) | 6.4 | 6.4 | 6.4 | 6.5 | 6.5 |
| RWA (€bn) | 46.0 | 46.0 | 46.0 | 46.2 | 45.9 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| CPBB (including 100% of Private Banking)1 | |||||
| Revenues | 3,771 | 933 | 930 | 976 | 932 |
| incl. net interest revenue | 2,623 | 636 | 652 | 681 | 654 |
| incl. fees | 1,148 | 297 | 278 | 295 | 278 |
| Operating Expenses and Dep. | -2,710 | -603 | -574 | -577 | -955 |
| Gross Operating Income | 1,061 | 330 | 356 | 398 | -23 |
| Cost of Risk and others | -19 | -18 | 17 | 11 | -28 |
| Operating Income | 1,042 | 312 | 373 | 409 | -52 |
| Share of Earnings of Equity-Method Entities | 82 | 0 | 76 | 5 | 1 |
| Other Non Operating Items | 5 | 0 | 2 | 2 | 1 |
| Pre-Tax Income | 1,129 | 311 | 450 | 416 | -49 |
| Income Attributable to Wealth and Asset Management | -89 | -28 | -25 | -26 | -9 |
| Pre-Tax Income of CPBB | 1,040 | 284 | 425 | 390 | -58 |
| Cost/Income | 71.9% | 64.6% | 61.7% | 59.2% | 102.5% |
| Average loan outstandings (€bn) | 142 | 143 | 142 | 142 | 141 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 146 | 146 | 147 | 146 | 145 |
| Average deposits (€bn) | 155 | 157 | 157 | 155 | 153 |
| Cost of risk (in annualised bp) | 1 | 5 | -5 | -3 | 8 |
| Allocated Equity (€bn, year to date; including 2/3 of Private | 8.6 | 8.6 | 8.6 | 8.6 | 8.5 |
| Banking) RWA (€bn) |
68.8 | 68.8 | 68.8 | 69.4 | 70.3 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| CPBB (including 2/3 of Private Banking) | |||||
| Revenues | 3,559 | 879 | 878 | 922 | 880 |
| Operating Expenses and Dep. | -2,585 | -575 | -547 | -550 | -913 |
| Gross Operating Income | 974 | 304 | 331 | 372 | -33 |
| Cost of Risk and others | -21 | -20 | 16 | 11 | -28 |
| Operating Income | 953 | 284 | 347 | 383 | -61 |
| Share of Earnings of Equity-Method Entities | 82 | 0 | 76 | 5 | 1 |
| Other Non Operating Items | 5 | 0 | 2 | 2 | 1 |
| Pre-Tax Income | 1,040 | 284 | 425 | 390 | -58 |
| Cost/Income | 72.6% | 65.4% | 62.3% | 59.6% | 103.7% |
| Allocated Equity (€bn, year to date) | 8.6 | 8.6 | 8.6 | 8.6 | 8.5 |
| RWA (€bn) | 67.8 | 67.8 | 67.8 | 68.5 | 69.3 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| CPBL (including 100% of Private Banking)1 | |||||
| Revenues | 629 | 163 | 157 | 153 | 156 |
| incl. net interest revenue | 530 | 137 | 133 | 130 | 131 |
| incl. fees | 98 | 27 | 24 | 24 | 25 |
| Operating Expenses and Dep. | -304 | -77 | -74 | -73 | -81 |
| Gross Operating Income | 324 | 87 | 83 | 80 | 75 |
| Cost of Risk and others | -4 | -5 | -3 | 4 | -1 |
| Operating Income | 320 | 82 | 80 | 84 | 74 |
| Share of Earnings of Equity-Method Entities | 0 | 0 | 0 | 0 | 0 |
| Other Non Operating Items | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Income | 320 | 82 | 80 | 84 | 74 |
| Income Attributable to Wealth and Asset Management | -9 | -3 | -2 | -2 | -2 |
| Pre-Tax Income of CPBL | 311 | 79 | 79 | 82 | 72 |
| Cost/Income | 48.4% | 46.9% | 47.0% | 47.9% | 52.0% |
| Average loan outstandings (€bn) | 13 | 13 | 13 | 13 | 13 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) |
13 | 13 | 13 | 13 | 13 |
| Average deposits (€bn) | 30 | 31 | 31 | 29 | 28 |
| Cost of risk (in annualised bp) | 3 | 15 | 8 | -13 | 2 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) | 1.0 | 1.0 | 1.0 | 1.0 | 0.9 |
| RWA (€bn) | 7.3 | 7.3 | 7.6 | 7.5 | 7.4 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| CPBL (including 2/3 of Private Banking) | |||||
| Revenues | 611 | 159 | 152 | 149 | 152 |
| Operating Expenses and Dep. | -296 | -74 | -71 | -71 | -79 |
| Gross Operating Income | 316 | 84 | 81 | 78 | 73 |
| Cost of Risk and others | -4 | -5 | -2 | 4 | -1 |
| Operating Income | 312 | 79 | 79 | 82 | 72 |
| Share of Earnings of Equity-Method Entities | 0 | 0 | 0 | 0 | 0 |
| Other Non Operating Items | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Income | 311 | 79 | 79 | 82 | 72 |
| Cost/Income | 48.4% | 46.9% | 46.8% | 47.9% | 52.0% |
| Allocated Equity (€bn, year to date) | 1.0 | 1.0 | 1.0 | 1.0 | 0.9 |
| RWA (€bn) | 7.2 | 7.2 | 7.6 | 7.4 | 7.3 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Europe-Mediterranean (including 100% of Private Banking)1 | |||||
| Revenues | 3,232 | 902 | 830 | 737 | 763 |
| incl. net interest revenue | 2,619 | 714 | 688 | 595 | 622 |
| incl. fees | 613 | 188 | 141 | 143 | 141 |
| Operating Expenses and Dep. | -2,028 | -552 | -480 | -493 | -503 |
| Gross Operating Income | 1,205 | 350 | 350 | 245 | 260 |
| Cost of Risk and others | -366 | -129 | -85 | -108 | -45 |
| incl. Cost of Risk | -165 | -66 | -44 | -16 | -40 |
| incl. Other net losses for risk on financial instruments | -201 | -64 | -41 | -91 | -5 |
| Operating Income | 838 | 220 | 265 | 137 | 215 |
| Share of Earnings of Equity-Method Entities | 302 | 63 | 82 | 71 | 85 |
| Other Non Operating Items | -249 | -53 | -64 | -42 | -89 |
| Pre-Tax Income | 891 | 231 | 283 | 166 | 211 |
| Income Attributable to Wealth and Asset Management | -38 | -6 | -12 | -12 | -9 |
| Pre-Tax Income of Europe-Mediterranean | 853 | 225 | 271 | 154 | 202 |
| Cost/Income | 62.7% | 61.2% | 57.8% | 66.8% | 66.0% |
| Average loan outstandings (€bn) | 35 | 36 | 35 | 35 | 33 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 36 | 36 | 37 | 36 | 35 |
| Average deposits (€bn) | 48 | 50 | 48 | 48 | 46 |
| Cost of risk (in annualised bp) | 46 | 73 | 47 | 18 | 45 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
7.4 | 7.4 | 7.3 | 7.2 | 7.1 |
| RWA (€bn) | 67.9 | 67.9 | 63.0 | 62.7 | 60.5 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Europe-Mediterranean (including 2/3 of Private Banking) | |||||
| Revenues | 3,181 | 893 | 815 | 723 | 751 |
| Operating Expenses and Dep. | -2,016 | -549 | -477 | -490 | -500 |
| Gross Operating Income | 1,165 | 344 | 338 | 233 | 251 |
| Cost of Risk and others | -365 | -129 | -85 | -107 | -45 |
| incl. Cost of Risk | -165 | -66 | -44 | -16 | -40 |
| incl. Other net losses for risk on financial instruments | -200 | -63 | -41 | -91 | -5 |
| Operating Income | 800 | 215 | 254 | 125 | 206 |
| Share of Earnings of Equity-Method Entities | 302 | 63 | 82 | 71 | 85 |
| Other Non Operating Items | -249 | -53 | -64 | -42 | -89 |
| Pre-Tax Income | 853 | 225 | 271 | 154 | 202 |
| Cost/Income | 63.4% | 61.5% | 58.5% | 67.8% | 66.6% |
| Allocated Equity (€bn, year to date) | 7.4 | 7.4 | 7.3 | 7.2 | 7.1 |
| RWA (€bn) | 67.9 | 67.9 | 63.0 | 62.7 | 60.5 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Specialised businesses (Personal Finance, Arval & Leasing Solutions, New Digital Businesses & Personal Investors including 100% of Private Banking)1 |
|||||
| Revenues | 9,679 | 2,368 | 2,358 | 2,521 | 2,432 |
| Operating Expenses and Dep. | -4,860 | -1,228 | -1,182 | -1,188 | -1,262 |
| Gross Operating Income | 4,819 | 1,140 | 1,176 | 1,332 | 1,171 |
| Cost of Risk and others | -1,803 | -471 | -429 | -462 | -441 |
| Operating Income | 3,016 | 669 | 746 | 871 | 730 |
| Share of Earnings of Equity-Method Entities | 27 | 2 | 6 | 7 | 11 |
| Other Non Operating Items | -50 | -24 | -3 | -7 | -16 |
| Pre-Tax Income | 2,993 | 648 | 750 | 870 | 725 |
| Income Attributable to Wealth and Asset Management | -4 | -1 | -1 | -1 | -1 |
| Pre-Tax Income of the specialised businesses | 2,989 | 647 | 748 | 869 | 724 |
| Cost/Income | 50.2% | 51.9% | 50.1% | 47.1% | 51.9% |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 134 | 136 | 135 | 133 | 132 |
| Cost of risk (in annualised bp) | 135 | 138 | 127 | 139 | 134 |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) |
18.8 | 18.8 | 18.8 | 18.7 | 18.5 |
| RWA (€bn) | 152.5 | 152.5 | 150.1 | 149.0 | 147.9 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| Personal Finance (Core) | |||||
| Revenues | 4,950 | 1,253 | 1,229 | 1,246 | 1,222 |
| Operating Expenses and Dep. | -2,572 | -634 | -622 | -633 | -684 |
| Gross Operating Income | 2,378 | 619 | 607 | 613 | 539 |
| Cost of Risk and others | -1,499 | -376 | -370 | -381 | -371 |
| Operating Income | 879 | 243 | 237 | 232 | 168 |
| Share of Earnings of Equity-Method Entities | 36 | 6 | 8 | 9 | 13 |
| Other Non Operating Items | 0 | -2 | 0 | 3 | -1 |
| Pre-Tax Income | 914 | 247 | 245 | 244 | 179 |
| Cost/Income | 52.0% | 50.6% | 50.6% | 50.8% | 55.9% |
| Average Total consolidated outstandings (€bn) | 104 | 106 | 104 | 104 | 103 |
| Loan outstandings at the beginning of the quarter (used for cost of risk in bp) | 105 | 108 | 106 | 105 | 104 |
| Cost of risk (in annualised bp) | 142 | 140 | 140 | 146 | 143 |
| Allocated Equity (€bn, year to date) | 10.7 | 10.7 | 10.7 | 10.6 | 10.5 |
| RWA (€bn) | 85.8 | 85.8 | 84.2 | 84.0 | 84.0 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Arval & Leasing Solutions | |||||
| Revenues | 3,656 | 843 | 861 | 999 | 952 |
| Operating Expenses and Dep. | -1,556 | -403 | -381 | -379 | -393 |
| Gross Operating Income | 2,100 | 440 | 481 | 620 | 559 |
| Cost of Risk and others | -202 | -65 | -32 | -58 | -46 |
| Operating Income | 1,898 | 375 | 448 | 562 | 513 |
| Share of Earnings of Equity-Method Entities | 0 | 0 | 0 | 0 | 0 |
| Other Non Operating Items | -62 | -32 | -4 | -12 | -14 |
| Pre-Tax Income | 1,836 | 343 | 445 | 549 | 499 |
| Cost/Income | 42.6% | 47.8% | 44.2% | 38.0% | 41.3% |
| Allocated Equity (€bn, year to date) | 7.1 | 7.1 | 7.0 | 7.0 | 7.0 |
| RWA (€bn) | 61.4 | 61.4 | 59.9 | 58.9 | 57.9 |
| Total consolidated outstandings (€bn) | 63 | 65 | 64 | 63 | 61 |
| Financed fleet ('000 of vehicles) | 1,758 | 1,796 | 1,765 | 1,748 | 1,722 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| New Digital Businesses & Personal Investors (including 100% of Private Banking)1 | |||||
| Revenues | 1,073 | 271 | 268 | 276 | 258 |
| Operating Expenses and Dep. | -733 | -191 | -180 | -176 | -185 |
| Gross Operating Income | 341 | 80 | 88 | 99 | 73 |
| Cost of Risk and others | -102 | -30 | -27 | -22 | -24 |
| Operating Income | 239 | 51 | 61 | 77 | 49 |
| Share of Earnings of Equity-Method Entities | -9 | -3 | -2 | -2 | -2 |
| Other Non Operating Items | 13 | 10 | 1 | 2 | 0 |
| Pre-Tax Income | 243 | 58 | 60 | 77 | 47 |
| Income Attributable to Wealth and Asset Management | -4 | -1 | -1 | -1 | -1 |
| Pre-Tax Income of New Digital Businesses & Personal Investors | 239 | 57 | 59 | 77 | 46 |
| Cost/Income | 68.3% | 70.3% | 67.1% | 64.0% | 71.8% |
| Allocated Equity (€bn, year to date; including 2/3 of Private Banking) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| RWA (€bn) | 5.3 | 5.3 | 5.9 | 6.1 | 5.9 |
| Average Loans personal Investors (€bn) | 2 | 2 | 2 | 2 | 2 |
| Average deposits personal Investors (€bn) | 33 | 32 | 33 | 34 | 34 |
| AUM Personal Investors (€bn) | 153 | 153 | 186 | 186 | 177 |
| European Customer Orders (millions) of Personal Investors | 8.9 | 8.9 | 8.3 | 8.6 | 9.2 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|
| New Digital Businesses and Personal Investors (including 2/3 of Private Banking) | |||||
| Revenues | 1,060 | 268 | 265 | 273 | 255 |
| Operating Expenses and Dep. | -724 | -188 | -178 | -174 | -183 |
| Gross Operating Income | 337 | 80 | 87 | 98 | 72 |
| Cost of Risk and others | -102 | -30 | -27 | -22 | -24 |
| Operating Income | 235 | 50 | 60 | 76 | 48 |
| Share of Earnings of Equity-Method Entities | -9 | -3 | -2 | -2 | -2 |
| Other Non Operating Items | 13 | 10 | 1 | 2 | 0 |
| Pre-Tax Income | 239 | 57 | 59 | 77 | 46 |
| Cost/Income | 68.2% | 70.3% | 67.2% | 63.9% | 71.8% |
| Allocated Equity (€bn, year to date) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| RWA (€bn) | 5.3 | 5.3 | 5.9 | 6.1 | 5.9 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Investment & Protection Services | |||||
| Revenues | 5,793 | 1,434 | 1,489 | 1,466 | 1,403 |
| Operating Expenses and Dep. | -3,570 | -927 | -881 | -879 | -883 |
| Gross Operating Income | 2,223 | 507 | 609 | 587 | 521 |
| Cost of Risk and others | -15 | -13 | 0 | 2 | -4 |
| Operating Income | 2,208 | 494 | 609 | 589 | 516 |
| Share of Earnings of Equity-Method Entities | 120 | -5 | 42 | 44 | 40 |
| Other Non Operating Items | -4 | 0 | -4 | -1 | 1 |
| Pre-Tax Income | 2,324 | 489 | 647 | 632 | 557 |
| Cost/Income | 61.6% | 64.6% | 59.1% | 60.0% | 62.9% |
| 1,377 | 1,377 | 1,344 | 1,312 | 1,283 | |
| Asset Under Management (€bn) with 100% of Private Banking | |||||
| Allocated Equity (€bn, year to date) | 12.4 | 12.4 | 12.3 | 12.2 | 11.9 |
| RWA (€bn) | 46.3 | 46.3 | 45.7 | 42.7 | 43.4 |
| €m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
| Insurance | |||||
| Revenues | 2,241 | 538 | 571 | 586 | 545 |
| Operating Expenses and Dep. | -840 | -223 | -209 | -204 | -205 |
| Gross Operating Income | 1,401 | 316 | 363 | 382 | 340 |
| Cost of Risk and others | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1,401 | 316 | 363 | 382 | 340 |
| Share of Earnings of Equity-Method Entities | 176 | 37 | 50 | 46 | 43 |
| Other Non Operating Items | -4 | 0 | -4 | -1 | 1 |
| Pre-Tax Income | 1,572 | 352 | 408 | 428 | 384 |
| Cost/Income | 37.5% | 41.3% | 36.5% | 34.8% | 37.6% |
| Asset Under Management (€bn) | 287 | 287 | 272 | 265 | 262 |
| Allocated Equity (€bn, year to date) | 8.0 | 8.0 | 7.9 | 7.7 | 7.6 |
| RWA (€bn) | 15.0 | 15.0 | 13.9 | 10.3 | 11.5 |
| WAM Revenues 3,551 896 918 880 858 Operating Expenses and Dep. -2,729 -704 -672 -675 -678 Gross Operating Income 822 192 246 204 180 Cost of Risk and others -15 -13 0 2 -4 Operating Income 807 178 246 207 176 Share of Earnings of Equity-Method Entities -55 -42 -7 -3 -3 Other Non Operating Items 0 1 0 0 0 Pre-Tax Income 752 137 238 204 173 Cost/Income 76.8% 78.6% 73.2% 76.8% 79.0% 1,090 1,090 1,072 1,047 1,020 Asset Under Management (€bn) with 100% of Private Banking 4.5 4.5 4.5 4.4 4.3 Allocated Equity (€bn, year to date) 31.3 31.3 31.8 32.5 31.9 RWA (€bn) €m 2024 4Q24 3Q24 2Q24 1Q24 Wealth Management Revenues 1,651 414 410 413 414 Operating Expenses and Dep. -1,199 -314 -285 -295 -304 Gross Operating Income 452 101 124 117 110 Cost of Risk and others 0 -2 2 4 -4 Operating Income 452 99 126 121 106 Share of Earnings of Equity-Method Entities 0 0 0 0 0 Other Non Operating Items 0 0 0 0 0 Pre-Tax Income 452 99 126 121 105 Cost/Income 72.6% 75.7% 69.7% 71.6% 73.5% 462 462 456 446 432 Asset Under Management (€bn) with 100% of Private Banking 1.9 1.9 1.9 1.9 1.9 Allocated Equity (€bn, year to date) 15.1 15.1 14.0 15.4 15.5 RWA (€bn) €m 2024 4Q24 3Q24 2Q24 1Q24 Asset Management (including Real Estate & IPS Investment) Revenues 1,900 481 508 467 444 Operating Expenses and Dep. -1,530 -390 -386 -380 -373 Gross Operating Income 370 91 121 87 71 Cost of Risk and others -15 -11 -2 -2 0 Operating Income 355 80 120 85 70 Share of Earnings of Equity-Method Entities -55 -42 -7 -3 -3 Other Non Operating Items 0 1 0 0 0 Pre-Tax Income 300 38 112 83 67 Cost/Income 80.5% 81.1% 76.1% 81.3% 84.1% 628 628 616 601 588 Asset Under Management (€bn) 2.6 2.6 2.6 2.5 2.5 Allocated Equity (€bn, year to date) 16.2 16.2 17.8 17.1 16.4 RWA (€bn) |
€m | 2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 |
|---|---|---|---|---|---|---|