BNP Paribas: Q1 net income up 19%
(CercleFinance.com) - BNP Paribas has published Q1 2022 net income, group share, that is up 19.
2% to 2.11 billion euros (+34% excluding extraordinary items and tax, subject to IFRIC 21), along with operating income that is up 33.1% to 3.11 billion euros.
The company's cost of risk fell by 49.1% to 456 million euros, while its gross operating income rise by 10.3% to 3.56 billion euros, on net banking income that is up 11.7% to over 13.2 billion euros.
At its operating divisions, NBI increased 13.5% (+12.1% LFL), driven by a sound commercial momentum, particularly in CIB (+23.6% in organic terms) with gains in market share.
As at 31 March 2022, BNP Paribas' common equity Tier 1 ratio stood at 12.4%, while its liquidity reserve that can be instantly mobilised, was 468 billion euros, i.e. providing it with over one year's leeway compared to market resources.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
2% to 2.11 billion euros (+34% excluding extraordinary items and tax, subject to IFRIC 21), along with operating income that is up 33.1% to 3.11 billion euros.
The company's cost of risk fell by 49.1% to 456 million euros, while its gross operating income rise by 10.3% to 3.56 billion euros, on net banking income that is up 11.7% to over 13.2 billion euros.
At its operating divisions, NBI increased 13.5% (+12.1% LFL), driven by a sound commercial momentum, particularly in CIB (+23.6% in organic terms) with gains in market share.
As at 31 March 2022, BNP Paribas' common equity Tier 1 ratio stood at 12.4%, while its liquidity reserve that can be instantly mobilised, was 468 billion euros, i.e. providing it with over one year's leeway compared to market resources.
Copyright (c) 2022 CercleFinance.com. All rights reserved.