Earnings calls of companies listed in France ·
French earnings call, October 2026: BNP Paribas says it is on track on costs and risk
BNP Paribas said it achieved EUR 540 million of cost savings after three quarters of fiscal year 2026 and is well on track for its EUR 700 million full-year target. It said its cost of risk was stable at 39 basis points.
An update from FactIQ, written from company statements in earnings calls of companies listed in France. What is FactIQ?
Key figures
- BNP Paribas, cost savings achieved, first three quarters of fiscal year 2026
- EUR 540 millionstated by the chief executive; full-year target of EUR 700 million
- BNP Paribas, cost of risk, third quarter of fiscal year 2026
- 39 basis pointsstated by the chief executive; guidance of below 40 basis points through the cycle
- BNP Paribas, cost/income ratio, first nine months of fiscal year 2026
- 59%stated by the chief financial officer; full-year fiscal year 2026 target of 60%
- BNP Paribas, cost/income ratio target, fiscal year 2028
- below 56%stated by the chief financial officer as a goal the group is on track to reach
BNP Paribas said its costs and loan losses are within its targets
- The chief executive said the cost of risk, the amount a bank sets aside for loans that may not be repaid, was stable at 39 basis points in the third quarter of fiscal year 2026. The chief executive said this is within guidance of below 40 basis points through the cycle.
- The chief financial officer said the cost/income ratio, operating costs as a share of revenue, was 59% over the first nine months of fiscal year 2026. The chief financial officer said this underpins the full-year target of 60%.
- The chief financial officer said BNP Paribas improved its fiscal year 2026 corporate-center gross operating income trajectory by EUR 200 million, from -EUR 1.2 billion to -EUR 1 billion.
BNP Paribas said it is on track for its longer-term goals
- The chief executive said the company is well on track to achieve double-digit earnings growth over 2025–2028, measured as a compound annual growth rate (CAGR), the average yearly growth rate over a period.
- The chief financial officer said the group is on track to reduce its cost/income ratio to below 56% by fiscal year 2028.
- The chief executive said the company will announce the main targets of its next plan, running through 2030, on February 2, 2027. The chief executive said divisional deep dives will follow throughout 2027, starting on February 25, 2027.
BNP Paribas expects its Arval business to hold steady
The chief financial officer said Arval gross operating income is expected to be stable in fiscal year 2027 compared with fiscal year 2026, with Athlon partly limiting the impact. The chief financial officer said used-car headwinds are expected to have no impact on Arval's fiscal year 2030 objectives.
Analysts asked about the Personal Finance outlook, including whether cost of risk can stay near 150 basis points if economic conditions worsen. They also asked about capital distributions and the payout mix. Management gave partial answers to these questions.
Source: Earnings calls of companies listed in France.