Financial Results

BNP Paribas Reports Mixed Wealth, Asset Management Results; Markets Hit AuM

Editorial Staff, 4 August 2022


The French banking group reported second-quarter and half-year financial figures, confirming how financial institutions have been buffeted by falling markets this year.

BNP Paribas has reported wealth management pre-tax income of €176 million ($178.9 million) for the first six months of 2022, up from €163 million in the same period a year ago. On a quarterly basis, meanwhile, the second-quarter figure for wealth and asset management pre-tax income showed a year-on-year drop of around 7 per cent.

Within the asset and wealth management segment, the French bank said assets under management came to €1.198 trillion, falling 0.6 per cent compared with 31 December 2021, mainly due to a highly unfavourable -€117.7 billion performance effect due to market trends, which was partly offset by a favourable exchange rate effect of +€17.6 billion and the impact of the acquisition of Dynamic Credit Group in the Netherlands and a new partnership in India.

The wider BNP Paribas group logged net income, attributable to shareholders, of €5.285 billion in H1 2022, up from €4.769 billion a year before. In the second quarter of this year, meanwhile, the French bank said that net income was €3.177 billion, up 9 per cent on a year ago, or at €3.258 billion – up 18.5 per cent – if exceptional items are stripped out.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes