Xin Lang Cai Jing·2026-03-17 09:42Group 1 - The core objective of BNP Paribas is to nearly double the pre-tax profit of its asset management division by 2030 following the acquisition of AXA's asset management business for €5.1 billion (approximately $5.87 billion) [1][3] - The bank aims to achieve a return on tangible equity of 13% by 2028, which is a key profitability indicator for the overall bank [1][3] - The pre-tax profit of the asset management division is expected to increase from €820 million last year to nearly double by 2030 [1][3] Group 2 - The asset management division manages over €1.6 trillion, making it one of the largest asset management institutions in Europe [2][4] - The bank targets an average annual growth of over 5% in asset management scale during the planning period, which is expected to drive revenue growth at an average annual compound rate of approximately 4% [2][4] - By 2030, the bank aims to achieve a cumulative net inflow of approximately €350 billion [2][4] - By 2029, revenue synergies are projected to contribute €150 million to profit, while cost synergies are expected to add around €400 million [2][4]