“Through the mobilisation and expertise of our teams, who benefit from our technological advances, BNP Paribas continues to grow and gain market share.“
+ 10.2%
increase in 2023 distributable net income, vs 2022 reported.
2022 reported net income: €10,196m, inc. Bank of the West.
GROWTH
Building on our European leadership to continue our growth
With GTS 2025, we continue to grow, driven by our diversified, integrated and scalable model. Our three operating divisions - Corporate & Institutional Banking (CIB); Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS) - made full contributions to the Group’s value creation in 2023 through their performance and the complementary nature of their areas of expertise.
Strong and sustainable development levers
In addition to the performance achieved, the unique positioning of our three divisions helps to strengthen our leading positions in Europe, notably in financing and market activities, the commercial banking business lines, the sustainable mobility sectors, and payment and savings products. These strengths enable us to steadily gain market share and to move faster and further along the road to growth.
We also continued to redeploy the capital released by the sale of Bank of the West. Nearly €3 billion has already been reinvested, one-third of which in organic growth and two-thirds of which in targeted partnerships and acquisitions, such as the strategic partnership signed with BCC Iccrea in Italy.
“Our drive to industrialise through technology is notably reflected in our widespread adoption of AI and our capacity to make generative AI an additional transformation lever.“
Over700
AI specialists working in the Group.
TECHNOLOGY
Placing technology at the heart of our efforts to improve our customers’ and teams’ experience
With GTS 2025, we’re stepping up the industrialisation of our technologies, focusing on both our customers, to whom we provide innovative and secure services that meet their expectations, and our employees, by infusing more autonomy and cross-functionality at the heart of working methods.
Multiple levers for our operational efficiency
As we continuously strive to protect our Group and our clients from cyber risks:
- we use the cloud for nearly half of our IT applications;
- we implement our APIsation approach(1) on a very large scale in order to generalise open banking(2). Our 900 APIs generate 700 million transactions per month on the Group’s platforms;
- we fully invest in the field of artificial intelligence (AI), with more than 750 use cases under development and over 300 under investigation or experimentation. We regularly amplify this ramp-up and extend it to the fields of generative AI, with all the necessary management and control precautions.