BNP Paribas: adjusted earnings down slightly in 2018
(CercleFinance.com) - For 2018 BNP Paribas has published net income group share, excluding the effect of extraordinary items that is down 1.
4% at 8,036 million euros, with gross operating income that is down 9.7% at 11,933 million euros.
At 42,516 million euros, net banking income fell by 0.9% in the group's operating divisions (-0.4% in organic terms), "penalised by the still low interest rate environment and an unfavourable financial market context with particularly challenging conditions at the end of the year."
Posting a return on equity of 8.2% (8.8% excluding exceptional items) and EPS of 5.73 euros, BNP Paribas' board of directors will propose to pay a stable dividend of 3.02 euros per share, payable in cash.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% at 8,036 million euros, with gross operating income that is down 9.7% at 11,933 million euros.
At 42,516 million euros, net banking income fell by 0.9% in the group's operating divisions (-0.4% in organic terms), "penalised by the still low interest rate environment and an unfavourable financial market context with particularly challenging conditions at the end of the year."
Posting a return on equity of 8.2% (8.8% excluding exceptional items) and EPS of 5.73 euros, BNP Paribas' board of directors will propose to pay a stable dividend of 3.02 euros per share, payable in cash.
Copyright (c) 2019 CercleFinance.com. All rights reserved.