Cost of risk - BNP Paribas

media.cms.bnpparibas.com

Cost of risk - BNP Paribas

International Retail Services

Personal Finance

2Q08 2Q07 2Q08/ 1Q08 2Q08/ 1H08 1H07 1H08/

In millions of euros 2Q07 1Q08 1H07

Revenues 944 857 +10.2% 912 +3.5% 1,856 1,670 +11.1%

Operating Expenses and Dep. -517 -492 +5.1% -503 +2.8% -1,020 -946 +7.8%

Gross Operating Income 427 365 +17.0% 409 +4.4% 836 724 +15.5%

Provisions -274 -183 +49.7% -230 +19.1% -504 -338 +49.1%

Operating Income 153 182 -15.9% 179 -14.5% 332 386 -14.0%

Associated Companies 17 25 -32.0% 21 -19.0% 38 40 -5.0%

Other Non Operating Items 0 0 n.s. 0 n.s. 0 0 n.s.

Pre-Tax Income 170 207 -17.9% 200 -15.0% 370 426 -13.1%

Cost/Income 54.8% 57.4% -2.6 pt 55.2% -0.4 pt 55.0% 56.6% -1.6 pt

Allocated Equity (€bn) 2.6 2.4 +7.1%

At constant scope and exchange rates/2Q07: Revenues: +9.0%; Operating expense: +5.6%; GOI: +13.4%

Legal merger of Cetelem and UCB completed on 30 June 2008

Major gross operating income growth: +13.4%/2Q07 at constant scope and exchange rates

3.4pts positive jaws effect at constant scope and exchange rates

Positive impact of cost-cutting programmes implemented (in particular Défi 2008 in France)

Increased cost of risk primarily due to the economic environment (in particular Spain)

Results as at 30.06.2008 International Retail Services

46

More magazines by this user
Similar magazines