2020 Universal registration document and annual financial report - BNP PARIBAS156
3 2020 review of oPerations
3
Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation
In millions of euros 2020 2019
BancWest (Including 2/3 of the Private Bank in United States)
Revenues 2,399 2,309
Operating Expenses and Dep. (1,685) (1,674)
Gross Operating Income 715 635
Cost of Risk (322) (148)
Operating Income 392 487
Non Operating Items 0 (3)
Pre-Tax Income 392 484
Allocated Equity ( bn, year to date) 5.5 5.4
➤ Reconciliation with the aggregate cost of risk on outstanding (cost of risk/customer loans at the beginning of the period, in annualised bp)
2020 2019
Domestic Markets(1)
Loan outstandings as of the beg. of the quarter ( bn) 431.0 414.0
Cost of risk ( m) 1,456 1,021
Cost of risk (in annualised bp) 34 25
FRB(1)
Loan outstandings as of the beg. of the quarter ( bn) 202.2 190.4
Cost of risk ( m) 496 329
Cost of risk (in annualised bp) 25 17
BNL bc(1)
Loan outstandings as of the beg. of the quarter ( bn) 76.6 77.2
Cost of risk ( m) 525 490
Cost of risk (in annualised bp) 69 64
BRB(1)
Loan outstandings as of the beg. of the quarter ( bn) 117.8 113.0
Cost of risk ( m) 230 55
Cost of risk (in annualised bp) 19 5
(1) With Private Banking at 100%.
