GROWTH
Leveraging our position as a European leader to build growth drivers
Our development is sustained by capitalising on the strengths of our diversified, integrated and at-scale 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 2024 through their performance and the complementary nature of their expertise. Our results exceeded the targets announced, with significant increases compared to 2023: revenues and net income were up 4.1%.
ACCELERATION DRIVEN BY EXTERNAL GROWTH TRANSACTIONS
In addition to dynamic organic growth, BNP Paribas initiated ambitious external development transactions that translate into additional streams of growth, such as the planned acquisition of AXA Investment Managers, and investments in wealth management and life insurance with the planned acquisition of HSBC’s private banking business in Germany and the acquisitions of Neuflize Vie in France and BCC Vita in Italy. BNP Paribas is therefore well positioned to continue its momentum in 2025 and 2026.
+4.1%in growth in net income, Group share, in 2024 compared to 2023, on a distributable basis.
“In 2024, we posted a very strong performance, better than forecasted. We are specifying our 2025-2026 trajectory and already have medium-term growth drivers.”
TECHNOLOGY
Placing technology at the core of our efforts to enhance our client and employee experience
We are strengthening the industrialisation of our technological platforms, with a focus on both our clients, for whom we provide innovative and secure services, and our employees, with whom we work as they adopt new tools and evolving working methods.
KEEPING OUR IT INFRASTRUCTURES AT THE CUTTING EDGE AND INTEGRATING AI
Providing our clients with innovative solutions while protecting them from cyber risks and securing the use of their data are our main priorities. With these objectives in mind, we continuously modernise our applications, interfaces and infrastructures. In this last field, which is essential to our robustness, we continue to reinforce collaboration with market leaders to consolidate our position.
We have also widely adopted artificial intelligence (AI), with a target of 1,000 use cases in production by 2025, and made a major shift towards generative AI. The partnership established in 2024 with Mistral AI to roll out its models across most of our business lines allows us to gain leverage in this context.
OVER800AI use cases in production at the end of 2024.
“We are accelerating the integration of generative AI into our systems by combining three priorities: security to preserve the trust of our clients and regulators, partnerships to access cutting-edge technologies, and training to engage our teams.”