BNP Paribas Group Posts Financial Results for Q4 and Full Year of 2020

BNP Paribas Asset Management (BNPP AM), the world's eighth largest bank by assets, posted its financial results for the final quarter and full year of 2020, ending on December 31, 2020.

Key Financial Highlights for Q4:

· Revenues of 10,827 million euros, revealing a YoY decrease of 4.5%;

· Operating Expenses and Dep. of 30,194 million euros;

· Operating Income of 8,364 million euros, falling 28.6 percent year-over-year;

· Gross Operating Income of 3,265 million euros, decreased by 1.1%;

· Pre-tax Income of 2,230 million euros, down from the previous year’s 2,529 million euros

Key Financial Highlights for 2020:

· Revenues of 44,275 million euros, were down by 0.7% compared to 2019;

· Operating Expenses and Dep. of 7,562 million euros;

· Operating Income of 1,666 million euros, showing a YoY decrease of 16.8%;

· Gross Operating Income of 14.081 million euros, incresed by 6.2%;

· Pre-tax Income of 9,822 million euros, down from the previous year’s 11,394 million euros

Commenting on these results, Jean-Laurent Bonnafé, Chief Executive Officer, said:“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.”