Strong Earnings Growth
BNP Paribas delivered an 18% increase in distributable earnings per share in 2023 compared to 2022. Distributable net income stood at EUR 11.2 billion, up 10.2% from 2022.
Cost Management Success
Operating expenses decreased by 1% in 2023, resulting in a positive jaws effect. The cost of risk was low, at 32 basis points.
CIB Record Performance
Corporate and Institutional Banking (CIB) revenues reached a record level of EUR 16.5 billion in 2023, up 2% year-on-year on a like-for-like basis.
Solid Financial Structure
BNP Paribas maintains a strong CET1 ratio at 13.2%, well above the target of 12%, with liquidity reserves at nearly EUR 0.5 billion.
Technology and AI Investments
Continued investment in technology and AI is expected to drive future growth and operational efficiency.