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BNP Paribas: net profit up nearly 27% over one year in the second quarter

2021-07-30T05:15:25.494Z

The BNP Paribas banking group reported on Friday a sharp rise in net profit in the second quarter, driven by a drop in its costs of ...



The BNP Paribas banking group reported on Friday a sharp rise in net profit in the second quarter, driven by a drop in its management fees, a decline in its provisions for risks and exceptional effects, against a background of sustained commercial activity .

Read also: BNP Paribas benefits from its diversification

From April to the end of June, the bank posted a net profit of just over 2.9 billion euros, up almost 27% from the second quarter of 2020 and around 18% from the second quarter 2019. Adjusted for exceptional effects, the increase in net profit was 16.5% compared to the second quarter of 2020 and 4.9% compared to the second quarter of 2019.

Source: lefigaro

All business articles on 2021-07-30

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