BNP Paribas (BNP) investor relations material

Strategic positioning and growth drivers

• Complementary franchises in CIB, CPBS, and IPS are leveraged to accelerate growth, profitability, and shareholder returns.

• CIB holds the #1 EMEA position among European banks, with a scalable platform and strong market share gains.

• CPBS benefits from a strong net interest income trajectory and enhanced profitability through fee growth and efficiency.

• IPS is building a leading asset-gathering platform, integrating AXA IM, and maximizing cross-selling opportunities.

• Efficiency gains, AI deployment, and disciplined risk and capital management are key to EPS growth and a >13% ROTE target for 2028.

Financial performance and operational efficiency

• 2Q26 saw double-digit revenue growth (+12%), with strong contributions from CIB (+12.7%), CPBS (+4.8%), and IPS (+27.3%).

• Operating efficiency improved, with a cost/income ratio of 56.7% and a strong jaws effect (+3.7 pts).

• Net income rose 33.4% YoY to €4.3bn, and CET1 ratio reached 13.0%.

• 12m rolling net income CAGR 23-26 was +13.8%, with operating income CAGR at +11.8%.

• Interim dividend for 2026 is €3.23, up 24.7% from 2025.

Business segment highlights

• CIB revenue grew at a 6.7% CAGR (2020-2025), with improved operational efficiency and stable risk-weighted assets.

• CPBS leverages eurozone rate environment for sustained NII growth and profitability, with digital and cross-selling initiatives.

• IPS assets under management reached €2,590bn (+85.2% YoY), with AXA IM integration driving scale and synergies.

• IPS delivers high profitability (pre-tax RONE 23%) and is a key pillar for recurring revenues and cross-selling.