In 2025, BNP Paribas entered a new phase of development. Our three operating divisions delivered excellent results, contributing to the Group’s growth momentum and to the achievement of our objectives.
The Corporate & Institutional Banking (CIB) industry platform, which we have positioned as one of Europe’s top three players over the past ten years, continues to gain market share among corporate and institutional clients while rigorously managing its risks and resources. It is a powerful asset for our clients and for Europe as a whole in an economy that is set to increasingly rely on market financing.
The fourth quarter was pivotal for our Commercial, Personal Banking & Services (CPBS) division. Its various business lines benefitted from strong commercial momentum, strategic plans already in motion, and favourable tailwinds, such as a supportive interest rate environment for our commercial and personal banking entities in the eurozone and BNP Paribas Personal Finance. The Investment & Protection Services (IPS) division, meanwhile, delivered impressive results, driven by organic growth across its business lines and the acquisition of AXA Investment Managers. This acquisition adds a new dimension to our asset management activities, creating strong momentum at the heart of IPS, which will benefit the Group as a whole.
The acquisition of AXA Investment Managers, completed at the end of 2025, enabled us to bring together the Group’s asset management activities within a unified structure, BNP Paribas Asset Management. Operating on a large scale, it now provides a wide range of investment products and solutions covering all asset classes, client segments and regions. This new platform, which ranks among the top three asset managers in Europe, addresses a key challenge for the continent: harnessing long-term savings – which are particularly abundant in Europe – to help tackle the challenges of the ecological transition, technological innovation and defence, and in turn contribute to Europe’s sovereignty.
In 2025, we carried out other structuring initiatives that lay the foundations for our future development. Several strategic acquisitions further strengthened our portfolio, in high-value-added business lines such as private banking, with HSBC’s activities in Germany, and leasing, with the recent proposed acquisition of Athlon.
