Reports
First-Quarter Profits Rise At BNP Paribas
Earnings increased at the Paris-listed lender in the first three months of 2017.
BNP Paribas,
France's largest bank, has reported first-quarter 2017 net
income, attributable to shareholders, of €1.894 billion ($2.086
billion), a 4.4 per cent gain on a year earlier.
When exceptional items are taken out, the Paris-listed lender's
profit rose 13.2 per cent year-on-year, it has reported. Revenues
of the operating divisions rose 7.0 per cent in the quarter from
a year ago.
At €3.909 billion euros, revenues at the international financial
services arm - which covers some wealth management and some other
segments - rose by 5.8 per cent compared to the first quarter
2016, the bank said.
Insurance and wealth and asset Management’s assets under
management5 reached €1.042 trillion as at 31 March 2017 (+10.4
per cent as compared to 31 March 2016). They rose by €32 billion
compared to 31 December 2016 due in particular to "very good" net
asset inflows totalling €15.2 billion and a positive performance
effect of €16.1 billion.
