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Saturday, April 4, 2020

BNP Paribas Group reports solid growth in third quarter

BNP Paribas Group reported significant growth Monday for the third quarter and the first nine months of 2014.

The company cited its diversity in business clients, loyalty from individual and business clients, and geographical breadth as reasons for its success. Revenues in the third quarter were up 3.9 percent over 2013's third quarter, at $11.9 million. All operating divisions reported profits ranging from 2.6 percent to 5.2 percent in the area of investment solutions.

Operating expenses increased by 3.8 percent, or $8.2 million. This includes the impact of the euro on transformation costs. Among the operating divisions, increased expenses varied between 1.3 percent and 4.8 percent.

The overall cost of risks was down 9.2 percent, exemplifying efforts in risk control. The group also reported a 10.1 percent solvency ratio and $336 billion in liquidity reserves.

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BNP Paribas - Ukraine

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