146 2019 Universal registration document and annual financial report - BNP PARIBAS
3 2019 review of oPerations
3
Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation
m 2019 2018
BancWest (Including 2/3 of Private Banking in United States)
Revenues 2,309 2,226
Operating Expenses and Dep. -1,674 -1,647
Gross Operating Income 635 579
Cost of Risk -148 -70
Operating Income 487 510
Non Operating Items -3 2
Pre-Tax Income 484 512
Allocated Equity ( bn, year to date) 5.4 4.9
➤ Reconciliation with the aggregate cost of risk on outstanding (cost of risk/customer loans at the beginning of the period, in annualised bp(1))
2019 2018
Domestic Markets(1)
Loan outstandings as of the beg. of the quarter ( bn) 414.0 401.3
Cost of risk ( m) 1,021 1,046
Cost of risk (in annualised bp) 25 26
FRB(1)
Loan outstandings as of the beg. of the quarter ( bn) 190.4 185.2
Cost of risk ( m) 329 288
Cost of risk (in annualised bp) 17 16
BNL bc(1)
Loan outstandings as of the beg. of the quarter ( bn) 77.2 78.6
Cost of risk ( m) 490 592
Cost of risk (in annualised bp) 64 75
BRB(1)
Loan outstandings as of the beg. of the quarter ( bn) 113.0 106.4
Cost of risk ( m) 55 43
Cost of risk (in annualised bp) 5 4
(1) With Private Banking at 100%.
