sempre ottimi numeri da Bnp
ARIS (Dow Jones)--BNP Paribas SA (BNP.FR), France's largest bank by market capitalization, Wednesday reported a better-than-expected 15% hike in first-quarter net profit, aided by a sharp decline in provisions for bad loans in an improved economic environment. The Paris-based lender also reiterated that it doesn't need to raise fresh capital to meet new banking rules, known as Basel III, and said an eventual restructuring of Greece's sovereign debt would only have a limited impact on its business.
BNP Paribas's net profit in the three months to March 31 rose 15% to EUR2.62 billion from EUR2.28 billion a year earlier, beating a EUR2.25 billion consensus of analysts polled by Dow Jones Newswires. The improvement reflected a 31% decline in provisions for bad loans, which totaled EUR919 million in the quarter, as well as a buoyant retail banking business that helped offset lower investment banking revenue.
Revenue in the period totaled EUR11.68 billion, up 1.3% compared with the first quarter in 2010, when the capital markets business recorded an exceptional performance.