(Reuters) -French bank BNP Paribas said on Tuesday it was setting a target of 13% for 2028 for return on tangible equity (ROTE), as part of the medium-term plan it will announce in early 2027.
The group also forecasts its CET1 ratio reaching 12.5% by end-2027, it said in a statement.
The euro zone’s biggest bank by assets anticipates the recovery within its commercial and personal banking division to drive a 0.5% in ROTE by 2026.
“Commercial banking revenues are already benefiting from the new rate environment,” it said.
The group will continue to implement cost control measures across all its units, it added.
(Reporting by Alban Kacher; Editing by Tom Hogue and Janane Venkatraman)