BNP Paribas raises its profitability targets in Belgium

BNP Paribas has unveiled its growth strategy for its Belgian Commercial Bank (BCEB), targeting a 22% return on equity (ROE) in 2028 and 25% in 2030. BCEB, a key player in the Eurozone, holds leading positions in various segments. The bank is consolidating its customer franchises and accelerating its digitalization, notably by increasing customer interactions through artificial intelligence, with a target of 7 million interactions in 2028.

The bank forecasts a CAGR of 9% for revenues between 2025 and 2028, driven by net interest income. It also aims for a 10-point improvement in its cost-to-income ratio, maintaining it at 59% by 2028. This strategy is reinforced by prudent risk management and a stable deposit structure.