Economics

BNP Paribas remains stable in Luxembourg

BNP Paribas posted a net profit of EUR 1.76 billion in the second quarter of this year, down 4.7% year on year but above expectations.

31.07.2013

(ADW) BNP Paribas posted a net profit of EUR 1.76 billion in the second quarter of this year, down 4.7% year on year but above expectations. Luxembourg retail banking and corporate division of the group continues to grow especially in terms of outstanding credit and deposit collections.

In "a still difficult economic environment in Europe," the activity of the operating divisions remained stable year on year, BNP Paribas said in a statement. Net banking income (NBI equivalent of sales) of the group shows a slight decrease of 1.8% over the quarter to € 9.92 billion.