Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

BNP Paribas Q2 net income marginally up

BNP Paribas has reported a net income attributable to equity holders of EUR2.13bn for the second quarter of 2011, up 1.1%, compared to EUR2.11bn for the same period in 2010.

Revenues were EUR10.98bn for the second quarter of 2011, compared to EUR11.17bn for the same period in 2010.

Operating income was EUR3.03bn for the second quarter of 2011, compared to EUR3.68bn for the same period in 2010.

The retail banking network’s pre-tax income jumped 25.5% compared to the second quarter 2010. All the retail banking business units grew their income.

Revenues of French retail banking which totaled EUR1.77bn, were up 2.5% compared to the second quarter of 2010.

BeLux retail banking revenues were EUR876m, up 4.4%, compared to the second quarter of 2010, driven by net interest income due to volume growth.

Europe-Mediterranean’s revenues, which totalled to EUR385m, were down 6.6% compared to the second quarter of 2010 due notably to the depreciation the U.S. dollar and of the Turkish lira during the period.

BNP Paribas CEO Baudouin Prot said again this quarter, in a challenging market environment, all the operating divisions improved their performance compared to last year, thereby contributing to maintaining a high level of income despite the negative impact of the Greek assistance programme.