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:
Go deeper with GlobalData
- 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.
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.
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
