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BNP Paribas is half-way through its latest business development plan, which runs from 2017 to 2020. In the bank’s own slightly clunky translation, its stated intention is to “build the European bank of reference”. So how is it getting on?
There are some quantifiable objectives: compound annual growth in revenues of at least 2.5% and in profits of above 6.5%, a return on equity in 2020 of 10%, a fully loaded common equity tier-1 (CET1) ratio of 12% in 2020 and a dividend payout ratio of 50%.
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