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BNP Paribas Group: Results as at 30 September 2019
6 November 2019

The Board of Directors of BNP Paribas met on 30 October 2019. The meeting was chaired by Jean Lemierre and the Board examined the Group’s results for the third quarter 2019.

GOOD BUSINESS GROWTH

OUTSTANDING LOANS: +5.5% vs. 3Q18

SIGNIFICANT REVENUE GROWTH

REVENUES: +5.3% vs. 3Q18 (+4.0% at constant scope and exchange rates)

POSITIVE JAWS EFFECT IN THE THREE OPERATING DIVISIONS

OPERATING EXPENSES: +2.0% vs. 3Q18 (+0.4% at constant scope and exchange rates)

LOW COST OF RISK

41 bp of outstanding loans

INCREASE IN NET INCOME EXCLUDING EXCEPTIONAL ITEMS (reminder: capital gain on the sale of 30.3% of First Hawaiian Bank in the third quarter 2018)

NET INCOME: €1,938m

(-8.8% vs. 3Q18; +3.4% excluding exceptional items)

CONTINUED INCREASE OF THE CET1 RATIO

CET 1 RATIO: 12.0% (+10 bp vs. 30.06.19)

POSITIVE JAWS EFFECTstrong>

CET 1 RATIO AT 12.0%

The business of BNP Paribas was up this quarter in all the operating divisions in a context where economic growth slowed down but still remained positive in Europe, in particular in France. The new monetary policy measures occurred at the end of the quarter and they will produce their full effect only in 2020.

More information read here.