BNP PARIBAS FORTIS 2020 FULL YEAR RESULTS

In attachment you will find the press release and the presentation of the full year results 2020 of BNP Paribas Fortis.

STRONGLY COMMITTED TO SUPPORTING THE BELGIAN ECONOMY IN THE CURRENT EXCEPTIONAL CIRCUMSTANCES OF THE HEALTH CRISIS

CUSTOMER LOANS AT EUR 115 BILLION,+3.5% vs. 31.12.2019

MORE THAN 100,000 MORATORIA, OF WHICH SOME 45,500 RESIDENTIAL MORTGAGE LOANS AND 57,500 PROFESSIONAL LOANS. MORE THAN 12,000 EXTENDED MORATORIA AT THE REQUEST OF CUSTOMERS

CUSTOMER DEPOSITS AT EUR 138 BILLION, +5.3% vs. 31.12.2019

RESILIENT GROSS OPERATING RESULTS AND NET INCOME WITHIN THE CONTEXT OF THE CURRENT HEALTH CRISIS AND PERSISTENTLY LOW INTEREST RATES

REVENUES: EUR 7,893 MILLION, +1.1%* vs. 2019

LOWER REVENUES IN BELGIUM
GROWING REVENUES IN OTHER BUSINESS LINES

COSTS: EUR 4,542 MILLION, DOWN BY -0.6%* vs. 2019

STRICT COST MANAGEMENT WITH A COST REDUCTION IN BELGIUM
CONTAINED COST INCREASE IN THE OTHER BUSINESS LINES

GROSS OPERATING INCOME: EUR 3,351 MILLION, +3.4%* vs. 2019

POSITIVE JAWS EFFECT

COST OF RISK AT EUR 676 MILLION OR 32bp[1], +67.0%* vs. 2019

PRE-TAX INCOME: EUR 2,883 MILLION, -6.5%* vs. 2019

NET INCOME: EUR 1,870 MILLION, -7.7%* vs. 2019

STRONG FINANCIAL STRUCTURE AT 31 DECEMBER 2020

COMMON EQUITY TIER 1 RATIO OF 15.9%

LIQUIDITY COVERAGE RATIO OF 191%[2]

Please find attached the entire press release.

* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates, and excluding other one-off results.
[1] Cost of risk on average outstanding customer loans.
[2] On a non-consolidated basis.