12.05.2021

BNP Paribas Group: Results as at 31 March 2021

Middle and Small business Personal bank services Premium clients Private individuals Сorporate clients

The Board of Directors of BNP Paribas met on 29 April 2021. Jean Lemierre chaired the meeting, and the Board examined the Group’s results for the first quarter 2021.

SOLID RESULTS AND POSITIVE JAWS EFFECT
ONGOING MOBILISATION AT THE SERVICE OF THE ECONOMY AMIDST A GRADUAL RECOVERY
€112bn (+21% vs. 1Q20) in financing raised for clients on syndicated loan, bond and equity markets
Loans outstanding: +0.2% vs. 4Q20

REVENUE GROWTH
Revenues: +8.6% vs. 1Q20

POSITIVE JAWS EFFECT DESPITE THE INCREASE IN THE SINGLE RESOLUTION FUND CONTRIBUTION
Operating expenses: +5.4% vs. 1Q20 (+2.3% vs. 1Q20, excluding taxes subject to IFRIC 212)

COST OF RISK AT A LOW LEVEL
42 bps

SOLID NET INCOME
1Q21 net income4: €1,768m (+37.9% vs. 1Q20)

ROBUST BALANCE SHEET
CET1 RATIO: 12.8%

“While strengthening its environmental and social commitments and continuing its digital and industrial transformation, the Group relies on its diversied and integrated business model, robust financial structure, and the powerful execution capacity of its platforms to deliver solid results. I would like to thank all BNP Paribas teams around the world who, after longmonths of a health crisis, are constantly working with their clients to help them adapt, put in place the right solutions and accompany the recovery of their activities.” Jean-Laurent Bonnafé, Director and CEO.