BNP Paribas Group: Release of the EU-wide Stress Test results by European Banking Authority
28 Juli 2023 - 6:15PM
BNP Paribas Group: Release of the EU-wide Stress Test results by
European Banking Authority
Paris, 28 July 2023
Release
of the EU-wide Stress Test
results by
European
Banking
Authority
On 28 July 2023, the European Banking Authority
(EBA) published the results of the EU-wide Stress Test carried out
jointly with the European Central Bank (ECB). This exercise covered
the 70 most important banks of the European Union (versus 50 in
2021). The exercise is conducted every two years, with the
exception of the 2020 exercise stopped due to the health
crisis.
The stress test results demonstrate BNP Paribas’
capacity to withstand a scenario of major stress based on extremely
severe assumptions of economic and market conditions
evolutions.
The results of this thorough exercise conducted
by EBA and ECB confirm the Group’s balance sheet strength and the
quality of its risk policy.
About BNP Paribas BNP Paribas is the European
Union’s leading bank and key player in international banking. It
operates in 65 countries and has nearly 185,000 employees,
including more than 145,000 in Europe. The Group has key positions
in its three main fields of activity: Commercial, Personal Banking
& Services for the Group’s commercial & personal banking
and several specialised businesses including BNP Paribas Personal
Finance and Arval; Investment & Protection Services for
savings, investment and protection solutions; and Corporate &
Institutional Banking, focused on corporate and institutional
clients. Based on its strong diversified and integrated model, the
Group helps all its clients (individuals, community associations,
entrepreneurs, SMEs, corporates and institutional clients) to
realise their projects through solutions spanning financing,
investment, savings and protection insurance. In Europe, BNP
Paribas has four domestic markets: Belgium, France, Italy and
Luxembourg. The Group is rolling out its integrated commercial
& personal banking model across several Mediterranean
countries, Turkey, and Eastern Europe. As a key player in
international banking, the Group has leading platforms and business
lines in Europe, a strong presence in the Americas as well as a
solid and fast-growing business in Asia-Pacific. BNP Paribas has
implemented a Corporate Social Responsibility approach in all its
activities, enabling it to contribute to the construction of a
sustainable future, while ensuring the Group's performance and
stability.
Press contactsSandrine Romano –
sandrine.romano@bnpparibas.com – +33 (0)6 71 18 23 05Hacina Habchi
– hacina.habchi@bnpparibas.com - +33 (0)7 61 97 65 20
- 2023.07.28-StressTestPR_ENG.VDEF1
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