The retail banking arm of BNP Paribas has reported pre-tax income of EUR1.77bn for the first quarter of 2015, a surge of 20.4% as compared to the corresponding quarter of 2014.

For the quarter ended 31 March 2015, the division’s revenues were EUR7.61bn, up 10.2% compared with year the ago quarter.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The division’s operating income during the quarter rose by 21.2% to EUR1.67bn.

The bank’s French Retail Banking (FRB) unit revenues were down 2.2% compared to the first quarter of 2014 with a 3.5% decrease in net interest income due to the persistently low interest rate environment which generated a higher number of mortgage interest rate renegotiation.

Overall, BNP Paribas group’s first-quarter net income attributable to equity holders rose to EUR1.64bn, up 17.5% compared to the same period a year earlier.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.