BNP Paribas (BNP) Investor presentation summary

Key financial performance and strategic progress

• Achieved record 1Q26 results with revenues up 8.5% YoY to €14.1bn and net income above €3.2bn, reflecting strong operational performance and transformative strategies.

• Cost of risk remained low at 39 bps, in line with guidance, and gross operating income rose 13.7% YoY.

• Dividend of €5.16 per share for 2025 earnings and €1.15bn share buyback finalized in December 2025.

• 2028 targets confirmed: ROTE >13%, cost-income ratio <56%, and net income CAGR >10% from 2025-2028.

• Strategic plans and digital transformation, including AI deployment, underpin profitability and cost savings.

Solvency, capital, and funding

• CET1 ratio at 12.8% as of 31 March 2026, progressing toward 13% target; total capital ratio at 17.3%, ~270bps above requirements.

• Liquidity Coverage Ratio (LCR) at 125% and leverage ratio at 4.4%, reflecting strong liquidity and prudent management.

• TLAC and MREL ratios well above regulatory minimums, with significant buffers to MDA restrictions.

• 2026 regulatory issuance plan of €14bn, with ~75% completed by June 2026; diversified funding by currency and instrument.

• Long-term debt ratings remain strong across agencies, all with stable outlooks.

Business model, risk, and operating divisions

• Diversified business model by country and segment, with >90% of gross commitments in wealthy markets and no major concentration risks.

• Cost of risk stable and well-managed, with a low ratio of doubtful loans (1.6%) and high coverage (67.1%).

• CIB delivered resilient revenues (+3.1% csr), maintaining #1 EMEA investment banking position among European banks.

• CPBS showed strong momentum with revenues up 5.3% csr and improved cost/income ratio.

• IPS posted a 10.6% csr revenue increase, driven by asset management integration and strong net inflows.