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BNP Paribas Wealth Revenues Rise In Q4 2024

Editorial Staff

5 February 2025

Wealth management revenues at rose 10.8 per cent in the fourth quarter of 2024 from where they were a year before, while assets under management among high net worth clients and the commercial and personal banking side also rose. AuM was propelled by rising inflows during 2024 – €29.7 billion ($30.1 billion) – and rising markets. 

In total, wealth management AuM stood at €628 billion at the end of 2024, the Paris-listed group said in a statement today. 

“Wealth management achieved good net asset inflows (€3.1 billion Q4, 24), particularly in Asia and Germany. On the year, asset inflows were very strong in all geographies (€29.7 billion) and assets under management increased, supported by market gains,” BNP Paribas said.

There was an inflow rate of 7.2 per cent last year. Transaction fees rose across all geographies. 

Wealth management sits in the investment and protection services (IPS) division. IPS revenues in the fourth quarter rose 8.4 per cent year-on-year, with wealth revenue gains making an important contribution. IPS assets under management rose 11.4 per cent during 2024 to €1.377 trillion. In 2024, revenues, at €5.824 billion, rose 4.2 per cent, BNP Paribas said.

As reported in September – just before the final quarter – BNP Paribas agreed to buy HSBC’s private arm in Germany, continuing a build-out of the French bank’s activities in the country.