BNP PARIBAS: BNP PARIBAS SETS ROTE AMBITION AT 13% IN 2028 - CET1 ratio expected at 12.5% by end-2027

Core Points - BNP Paribas aims for a ROTE of 13% by 2028, with a net income target exceeding €12.2 billion in 2025 and a ROTE of 12% in 2026, concluding the 2022-2026 strategic plan [1][2] - The CET1 ratio is expected to reach 12.5% by the end of 2027, following the implementation of FRTB [2] Group Performance - The Group's diversified and integrated model supports its growth trajectory, with Corporate and Institutional Banking (CIB) serving as a high-value-added platform and growth engine [3] - The new strategic plan for Commercial Banking and Personal Banking Services (CPBS) aims to align profitability with the Group's overall level, contributing an additional +1% to ROTE by 2028, including +0.5% by 2026 [4] Growth Drivers - Investment in Insurance, Asset Management, and Wealth Management is driving strong organic growth, alongside external growth operations such as the AXA IM acquisition [5] - Operational efficiency measures are being implemented across all businesses and functions to enhance performance [5] Strategic Outlook - The next medium-term plan for 2027-2030 will be announced in early 2027, with continued acceleration and progress expected [2][6] - BNP Paribas is well-positioned to support the financing needs of the economy through its diversified and integrated model [6]