BNP Paribas records increased profit in retail recovery and reduced provisions

BNP Paribas records increased profit in retail recovery and reduced provisions

Our Standards: The Thomson Reuters Trust Principles. Reporting by Matthieu Protard and Jean-Michel Belot;
Editing by Sarah White

The lender said it will pay shareholders an additional dividend of 1.55 euro per share this year after the European Central Bank said last week it would lift restrictions on bank dividend payments and share buybacks beyond September, ending a crisis measure that forced banks to retain capital during the pandemic. Revenue was up 0.9%, as a 9.5% rebound in retail banking offset a drop in earnings from corporate and investment banking.

($1 = 0.8420 euros) The euro zone’s biggest listed lender said net income profit stood at 2.91 billion euros ($3.5 billion) with its cost of risk, reflecting provisions for bad loans, down by 43.8% at 813 million euros in the quarter.

The News Highlights

  • BNP Paribas records increased profit in retail recovery and reduced provisions
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Secretary of State warns of misleading business direct mail
Grindrod Shipping Holdings Ltd. Announces Closure of IVS Bulk Financing and Acquisition of IVS Phoenix
The statements in this press release that are not historical facts may be forward-looking statements. The Private Securities Litigation Reform Act of 1995 ...
Telemundo is hosting a phone bank today to answer questions on the citizenship process
Telemundo is hosting a phone bank today to answer questions on the citizenship process
Telemundo, in conjunction with the NALEO organization, will hold a phone bank on Friday to answer questions about the naturalization process. Do you have ...
Popular financial scam: ED attaches assets worth Rs 31 crore
Popular financial scam: ED attaches assets worth Rs 31 crore
It alleged that the company had no viable business to sustain the “promise of higher interest” to depositors. The hard-earned money of general public, ...
‘Janitor Bleeds’ Is An Old-School Survival Horror Game Coming to Switch, PlayStation, Xbox, and PC in 2022
‘Janitor Bleeds’ Is An Old-School Survival Horror Game Coming to Switch, PlayStation, Xbox, and PC in 2022
Suddenly Janitor starts to take control of your life and the whole world, and the only way for you to survive is to find some more coins to keep playing it. ...
Small Biz Grants to Jumpstart Your Plans
Small Biz Grants to Jumpstart Your Plans
Hers is a well-known story, one which’s been replicated throughout industries and states since early 2020. However not like the a whole bunch of 1000’s of ...
Watch this video to see how a Colorado municipality is pleading for the recovery of a stolen phone booth
Watch this video to see how a Colorado municipality is pleading for the recovery of a stolen phone booth
Cope residents Vickie Cecil and Lanny Payne said the phone booth was a major landmark in the town of about 56 people for some 50 years. Sept. 17 (UPI) — ...
These investment mistakes will cost you money
Virginia Governor’s Race: Main Findings of the First Debate
ELECTION INTEGRITY During the GOP nomination contest, Youngkin made “election integrity” a top campaign issue, allowing him to appeal to supporters of former ...
Fort Myers family who immigrated from Columbia works to build a family business
Fort Myers family who immigrated from Columbia works to build a family business
“Proud of what I could achieve, and happy because I’m bringing my family on board and my son on board as well. This is the land of opportunity. If you work ...
WhatsApp Chat Transfer From iOS to Android Is Coming to a Lot of Samsung Phones: Here’s How to Use It
WhatsApp Chat Transfer From iOS to Android Is Coming to a Lot of Samsung Phones: Here’s How to Use It
The instant messaging app published a blogpost to announce the expansion of the WhatsApp chat history transfer feature. This feature will work on Samsung ...
Financial Severity Responds to Attacks on Legitimate Tax Planning
Graham told Trump that trumpism will ‘die’ if the GOP loses in 2022: book
“If we come back in 2022 and recapture the House and take back the Senate, you’ll get your fair share of credit,” the senator said, according to the book. “If ...
Show next
Compsmag - Latest News from tech, business and health
Logo