BPCE: H1 underlying earnings reach E1.8bn

(CercleFinance.com) - Groupe BPCE's net banking income fell slightly (-1.
4%) to 12.1 billion euros in the first half of 2019.

The group reported sound momentum at all businesses in its Retail Banking network and Insurance (net banking income up 1.8%), stable revenue at constant exchange rates in the Asset and Wealth Management division. Revenues of Global Consumer Banking compare to an historically high comparison basis in H1 2018.

Net income, group share amounted to 986 million euros in Q2 2019, reaching 1,610 million euros in H1 2019, down 14.4% and 10.7%, respectively, impacted by a tax increase. After restating the IFRIC 21 impact, this reached 1.8 billion euros in H1 2019.


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