BNP Paribas Raises Belgian Unit Profitability Targets
BNP Paribas aims for a 22% pre-tax return on notional equity for its Belgian division by 2028. The lender expects 9% average yearly revenue growth and plans to reduce staff by 1,000 through natural attrition to improve its cost-income ratio.
BNP Paribas raised profitability targets for its commercial and personal banking unit in Belgium on June 1, aiming for a 22% pre-tax return on notional equity by 2028. The new goal nearly doubles the 13.6% return recorded last year and climbs to 25% by 2030. This shift strengthens the French lender's path to exceeding a group-wide ROTE of 13% by 2028.
### Revenue Growth and Efficiency Gains The Belgian unit expects average annual revenue growth of 9% between 2025 and 2028. Net interest income will serve as the primary driver for this expansion. The bank also targets a cost-income ratio of approximately 59% by 2028, representing a 10 percentage point improvement.
