BPCE: Q1 net income, group share of 955 million euros
(CercleFinance.com) - BPCE has reported sound Q1 2018 results, with net banking income of 6,022 million euros, down slightly (-0.
8%) at current exchange rates.
At constant exchange rates, revenues rose by 0.9% thanks to strong growth at its asset management division (+20.2%), along with sound performance in Insurance (+7.7%) and Specialist Financial Services (+5.2%).
Net income, group share came in at 634 million euros, down 3.7% y-o-y, with a significant increase in regulatory contributions. After restating for the impact of IFRIC 21, the group's net income, group share rose by 0.9% to 955 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8%) at current exchange rates.
At constant exchange rates, revenues rose by 0.9% thanks to strong growth at its asset management division (+20.2%), along with sound performance in Insurance (+7.7%) and Specialist Financial Services (+5.2%).
Net income, group share came in at 634 million euros, down 3.7% y-o-y, with a significant increase in regulatory contributions. After restating for the impact of IFRIC 21, the group's net income, group share rose by 0.9% to 955 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.