BNP Paribas’s first quarter earnings increased, mainly due to the increase in trading revenues, while maintaining its long-term goals.
The French bank’s net profit rose to 2.11 billion euros from 1.77 billion euros a year ago.
Revenue stood at € 12.58 billion, up from € 11.19 billion a year ago, following the application of IFRS5 accounting standard which does not include the impact of BNP Paribas’s BancWest activities, the sale of which was agreed in December and is expected to be completed later this year.
Prior to the new accounting standards, revenues were 12% higher at 13.22 billion euros.
The bank said it experienced strong momentum despite the tougher environment during the quarter, while maintaining estimates for 2025, including revenue growth of more than 3.5% a year ago.
Source: Capital
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