BNP Paribas Group announce 2022 full-year results

BNP Paribas Group achieved very solid results in 2022 thanks to its diversified and integrated model and its ability to support clients and the economy globally. They reflect an increase in revenues, supported by all divisions including Arval BNP Paribas Group and BNP Paribas Leasing Solutions.

2022 full-year results:

• Revenues: €50.4bn +9.0% vs 2021
• Operating expenses: €33.7bn +8.3% vs 2021
• Net income group share: €10.2bn +7.5% vs 2021 (+19% excluding exception items)

The Group is also reinforcing its policy of engagement in society. It pursues a global approach and is committed to supporting its clients in the transition to a sustainable and low carbon economy. It is taking the necessary steps to align its credit portfolios to meet its carbon neutral commitments.

Arval BNP Paribas Group and BNP Paribas Leasing Solutions are increasingly contributing towards the dynamism and prospects of the Group, with strong growth in Commercial & Personal Banking driven by the strong increase in net interest income and the rise in fees, and a very strong rise in revenues in the Specialised Businesses.

• Revenues: €3,438m (+28.5% vs 2021)
• Operating expenses: €1,395m (+7.4% vs 2021)
• Pre-tax income: €1,957m (x 1.6 vs 2021)

In 2022, Arval BNP Paribas Group’s performance significantly outgrew the market despite a challenging environment and automotive sector. Reaching the halfway point of their Arval Beyond strategic plan, Arval successfully launched innovative mobility solutions, signing strategic partnerships and continued their efforts to support their clients with energy transition.

• Very good growth in the financed fleet (+8.3% vs 31/12/2021) and continued very high used car prices.
• Targeted acquisitions and new partnerships – acquisition of Terberg Business Lease (38k vehicles) in the Netherlands, takeover of BCR business in Romania (3.5k vehicles) and implementation of the agreement Jaguar Land Rover.
• Strong increase in flexible mobility solutions (55k vehicles, +48.0% vs 31/12/2021) and already 7,800 users of the mobility app (+178% vs 31/12/2021).
• A balanced distribution in 2022 revenues: Used car sales margin 45%, Financial margin 29% and Services margin 26%.
• Around 300,000 electrified vehicles in leased fleet.

BNP Paribas Leasing Solutions also performed well in 2022 demonstrating good growth with the increase in outstandings

• Increase in outstandings (+3.9% vs 2021) and good resilience in business activity.
• New partnerships and financing of the energy transition: Eaton Industries Manufacturing GmbH (energy management) and Arcelor (electric vehicle recharging stations).

Alain de Groenendael (pictured above), Chairman and CEO at Arval BNP Paribas Group commented, “What a positively impactful year 2022 has been for Arval BNP Paribas Group! Over the course of 2022, Arval and our teams have yet again proved their strength amidst the challenges that our industry faces. We continue to grow and expand our expertise thanks to major partnerships and acquisitions. Throughout the large number of innovative solutions provided to our clients, we have demonstrated flexibility and a willingness for forward-thinking. Our company remains determined to show strength as we come closer to achieving the goals of the Arval Beyond strategic plan.”