BNP Paribas : CET1 RATIO TARGET RAISED TO 13% BY 2027 - ECB authorisation for €1.15 billion share buyback program

Core Points - BNP Paribas has raised its CET1 ratio target to 13% by 2027, driven by stronger profitability, moderate growth in risk-weighted assets, and accelerated disposal of non-strategic assets [1] - The confirmed ROTE target is set at 13% by 2028, reflecting a 210 basis point increase compared to 2024, with two-thirds of this improvement coming from strategic plans in key business areas [2] - The Group aims to improve its cost/income ratio to 61% by 2026 and 58% by 2028, demonstrating a strong commitment to cost control [2] - BNP Paribas will redistribute excess capital above the 13% CET1 ratio to shareholders, with a €1.15 billion share buyback program launching in November 2025 [3] - The growth and profitability trajectory through 2028 will be detailed with the release of the 2025 results, and the 2027-2030 plan will be presented in early 2027 [3] - The CEO emphasized that the announcements align with the long-term strategy and aim to enhance profitability while maintaining an attractive distribution policy for shareholders [4] Company Overview - BNP Paribas is a leader in banking and financial services in Europe, operating in 64 countries with nearly 178,000 employees, including over 144,000 in Europe [5] - The Group has key positions in Commercial, Personal Banking & Services, Investment & Protection Services, and Corporate & Institutional Banking [5] - BNP Paribas is rolling out its integrated commercial and personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe, while also having a strong presence in the Americas and Asia-Pacific [5] - The Group has implemented a Corporate Social Responsibility approach to contribute to a sustainable future while ensuring performance and stability [5]