Bnl, the Italian arm of the French BNP Paribas, ended 2022 with a Useful before taxes of 410 million, in 8,8% increase compared to 2021. In the fourth quarter of the year the same figure amounted to 111 million euros, an increase of 41,8% compared to the same period of the previous year. The pre-tax profit, specifies a press release from the bank, is calculated after allocating one third of the results of Private Banking Italy to the Wealth Management business line (Investment & Protection Services division).
Bnl: loans grow, but indirect deposits fall
For Bnl the uses they grew by 2,1% compared to 2021 and by 4,1% on the perimeter net of non-performing loans, supported by the growth in mortgages and factoring. THE deposits they increased by 8,5% compared to 2021, with a sharp increase in all customer segments and above all in the corporate sector.
Instead the indirect collection it recorded a decline of 8,6% due to the unfavorable market environment, the statement said. Even the intermediation margin, equal to 2,634 billion, decreased by 1,7% (-0,1% on a like-for-like basis) and the interest margin decreased by 1,3%.
On the one hand, the credit institution was able to benefit from the positive impact of the context of rates on deposits, on the other it suffered the effect of the gradual adjustment of margins on loans. Consequently the gross result of management remained almost stable to 899 million over the previous year. In the fourth quarter alone, the intermediation margin fell by 1,9% to 656 million, the interest margin by 0,2%, while the pre-tax profit jumped by 41,8% to 111 million.
Le commissions they decreased by 2,2% (+1,5% on a like-for-like basis thanks to the growth in bank commissions, particularly in the corporate customer segment, partially offset by the decrease in finance commissions). On the other hand i operating costs, equal to 1.735 million euros, decreased by 2,5% compared to 2021 (-0,5% at constant scope and exchange rates), thanks to the effects of the transformation of the operating model and to adaptation measures (retirement plan 100).
Bnl: parent company Bnp Paribas makes 10 billion profit and launches buyback
At the same time also the parent company BNP Paribas, the eurozone's largest lender, released end-2022 data which showed a Net income equal to 10,2 billion euros, up 7,5% year-on-year: a level never that high in the history of the bank. In the last quarter of last year, net income fell by 6,7% on the previous year to 2,15 billion euros, below expectations. However the parent company has raised his goals medium-term which now forecast an average growth of theNet income more than 9% from the previous +7% and dell'earning per share more than 12% between 2022 and 2025. In addition, Bnp Paribas has announced that it will return 5 billion to shareholders through two tranches of buyback in 2023, of which €4 billion related to the recently completed sale of Bank of the West and €1 billion in ordinary distribution. At the Paris Stock Exchange Bnp Paribas shares gain 2,74% to 62,17 euros.
