BNP Paribas raises profitability targets for its Belgian unit

BNP Paribas raised profitability targets for its Belgian commercial and personal banking unit, setting pre-tax ROE goals of 22% by 2028 and 25% by 2030 (from 13.6% in 2025). The unit is expected to contribute 0.5 percentage points to group ROTE by 2028 (up from 0.3), while the group still targets ROTE above 13% by 2028. Additional targets include ~9% average annual revenue growth (2025-28), a cost-income ratio of ~59% by 2028 (about 10 percentage points improvement) and ~2% annual loans/deposits growth. The guidance should be read as a positive signal for BNP Paribas’ profitability outlook and could support sentiment for French banking names and the France 40 index.