Bnl (Bnp Paribas group) closes 2023 with a gross profit up significantly by 18.8% to 488 million euros.
This is what we read in the press release on the group results according to which, in the fourth quarter alone, the result amounted to 100 million (-9.6%) due to the amplified increase in operating costs (+9.2%). from increases for the renewal of the collective agreement (retroactive to July 2023).
The press release reports that in 2023 the bank led by Elena Goitini saw loans decline by 4.4% compared to 2022 and by 3.0% net of impaired loans.
"Loans to individual customers are holding up well and loans to the business segment are decreasing."
Indirect funding is down by 7.7% compared to 31 December 2022. Net funding from Private Banking is at an excellent level (2.8 billion euros).
The intermediation margin increased by 3.5%, reaching 2,727 million euros.
Net interest income increased by 6.6%, accelerating in the fourth quarter of 2023, driven by margins on deposits, partially offset by the effect of declining volumes and increased financing costs on loans.
"With 410 million euros, the cost of risk is improving by 55 million euros, thanks to the constant optimization of the risk profile, and stands at 53 basis points in relation to customer loans" concludes the bank.
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