BNP Paribas Group: Results as at 31 December 2020

2020: BNP Paribas diversified and integrated model demonstrated its effectiveness and resilience in a context marked by the health crisis

• Resources and expertise mobilised to serve the economy and society
  Loans outstanding: +€33bn (+4.4% vs. 2019)
  More than 120,000 state-guaranteed loans1
  €396bn raised for clients on the syndicated credit, bond and equity markets
• Stable revenues
  Revenues: -0.7% vs. 2019
  (+1.3% at constant scope and exchange rates)
• Operating expenses down, driven by the successful digital and industrial transformation
  Operating expenses: -3.6% vs. 2019
  (-2.7% at constant scope and exchange rates)
• cost of risk up with the effects of the health crisis – 66 bps3
  including €1.4bn (16 bps) in provisioning of performing loans (stages 1 and 2)
• Resilient net income
  net income4 : €7,067m (-13.5% vs. 2019)
• Very solid balance sheet
  CET1 RATIO: 12.8%
  (+70 bps vs. 31.12.19)

Commenting on these results, Jean-Laurent Bonnafé, Chief Executive Officer, said after the Board meeting:
“The world is now experiencing a health crisis that is unprecedented in its extent and duration. It has tested us, as it has tested all components of our societies. And it has reminded us of the importance of values such as solidarity and inclusion.
In 2020 and still today, our main concerns are helping our clients cope with the effects of the health crisis and safeguarding our employees’ health. I would like to thank our teams for having adjusted nimbly throughout the year. The bank has mobilised all its resources to help our clients weather this crisis and lay the foundation for a solid and sustainable economic recovery. BNP Paribas has been highly resilient, thanks to its diversified and integrated model, its financial solidity, its digital and industrial transformation, and its platforms’ execution capabilities. On the strength of these advantages, we are well positioned to enter a new phase in the development of our activities.”