The French bank giant BNP Paribas closed the Fourth quarter 2024 With an intermediation margin of the group of 12,137 million euros, with an increase of 10.8% compared to the 4th quarter 2023 on a distribution basis. Net profit group is equal to 2,322 million euros in the 4th quarter 2024, with a increase of 15.7% compared to the same period of 2023 (2,007 million euros).
For the whole Exercise 2024the intermediation margin stands at 48,831 million euros, with an increase of 4.1% on 2023, while the net profit of the group is equal to 11,688 million euros (compared to 11,232 million euros in 2023).
Guidance 2024 passed
The objectives for 2024 have been exceeded: growing revenues of +4.1%/2023 (objective: growth of over 2%/2023); scissor effect +2.0 points (objective: positive scissor effect); Cost of risk at 33 pb (objective: less than 40 pb); net profit to 11.7 billion euros (objective: higher than 11.2 billion euros).
“In the fourth quarter 2024, the group records an excellent performance and exceeds its objectives for 2024, with a solid financial structure. There Rote trajectory until 2026 is confirmed and the growth axes are already defined beyond 2026 – commented on the CEO Jean-Laurent Bonnafé.
“I also foresee one strong accelerationdriven by the implementation of external growth operations with the Axa IM project and with developments in Wealth Management and Life Insurance – he added – thanks to its diversified and integrated model, BNP Paribas is in favorable position to face the New phase of the economic cycle“.
The extraordinary results of BNL
BNL Commercial Bank he closed the year with one significant growth of profitwhich reflects the good quality of the bank’s activity and its solid risk management. The intermediation margin it stands at 724 million euros (+2.8%). The interest margin is increasing by 2.5%. Commissions grow by 3.2%. The gross management result amounts to 263 million (+10.0%), while the profit -tax profit stands at 202 million, in a strong increase compared to the same period of 2023 and, after the attribution of a third of the results of the Private banking at the Business Wealth Management line, BNL BC generates a Useful doors of 195 million, upwards of +94.2%.
THE deposits They are increasing by 2.1% in the 4th quarter, with growth in the segments of corporate clientele and private banking. The use they are falling 2.9% compared to the 4th quarter of 2023 (1.8% on the perimeter net of deteriorated credits). Stable uses, however, at a sequential level (+0.1%).
There indirect collection (Life Insurance, Common Funds and Administrative Savings) records a 6.2% rise compared to 31/12/2023
thanks to the growth of mutual funds and the collection administered. The net collection in private banking stands at 1.9 billion in 2024 and is reflected in a growth of the managed masses equal to 4.7% in the comparison year on year.
Generous dividend politics
BNP Paribas he confirms one’s distribution policy (60%pay-out ratio, of which at least 50% in dividends) For exercises 2024, 2025 and 2026 e introduces a down payment Semi -annual on dividends starting from 2025, on the basis of 50% of the net profit per share of the first half of the semester, with a first payment on September 30, 2025 for the first half of 2025.
On this basis, the Board of Directors will propose to the General Assembly of shareholders of 13 May 2025 to pay a dividend of 4.79 eurospaid in cash, equal to a 50% distribution rate of the profit of the year 2024. The date of detachment of the dividend will be the May 19, 2025with a payment on 21 May 2025. Furthermore, in the second quarter of 2025 a program of Rebilling actions for 1.08 billion euro.
