BNP Paribas has posted first half net income
of €4.39bn ($5.7bn), up 38.8% from the corresponding period last
year, boosted by a strong performance from its retail banking
units.

In particular:

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  • BNP Paribas’ (BNPP) French retail unit posted first half
    pre-tax profits of €976m, up 13.5% from the year-ago period;
  • BNPP’s Benelux retail unit returned to the black, recording
    first half pre-tax profits of €391m, compared to a loss of €26m in
    the year ago period, and
  • BNPP’s Personal Finance division first half pre-tax profits
    were 47.2% up at €377m.

But pre-tax profits at BNL banca commerciale
were down 28.5% at €226m

“BNP Paribas confirmed the effectiveness of
its diversified, integrated and client-centric business model,”
said CEO Baudouin Prot.

Lending at BNPP’s domestic retail unit was up
3.3% while retail deposits grew by 7%.

BNPP said that it had scored an early
distribution hit with its mobile banking channel, already
attracting 100,000 regular monthly users in France.

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