BNP Paribas: Q3 Ebitda up 13%
(CercleFinance.com) - BNP Paribas has published Q3 net income (group share) of 1,938 million euros, down 8.
8% y-o-y (+3.4% excluding exceptional items), with EBITDA of 3,475 million euros, up 13%.
"Good cost containment led to a positive 3.3 point jaws effect (with a positive jaws effect in each of the operating divisions) thanks to the implementation, in line with the 2020 plan, of cost reduction measures (166 million euros in recurring savings generated this quarter," the bank said.
At 10,896 million euros, Net banking incomeincreased by 5.3% (+4% LFL), with a virtual stagnation (+0.5%) in Domestic Markets, although growth of 5.1% in International Financial Services and 12% growth in CIB.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
8% y-o-y (+3.4% excluding exceptional items), with EBITDA of 3,475 million euros, up 13%.
"Good cost containment led to a positive 3.3 point jaws effect (with a positive jaws effect in each of the operating divisions) thanks to the implementation, in line with the 2020 plan, of cost reduction measures (166 million euros in recurring savings generated this quarter," the bank said.
At 10,896 million euros, Net banking incomeincreased by 5.3% (+4% LFL), with a virtual stagnation (+0.5%) in Domestic Markets, although growth of 5.1% in International Financial Services and 12% growth in CIB.
Copyright (c) 2019 CercleFinance.com. All rights reserved.