Cost of risk - BNP Paribas

media.cms.bnpparibas.com

Cost of risk - BNP Paribas

€ 713mn record revenues in 2Q08

Corporate and Investment Banking

Financing Businesses

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

In millions of euros 2Q07 1Q08 1H07

Revenues 713 702 +1.6% 603 +18.2% 1,316 1,415 -7.0%

Operating Expenses and Dep. -301 -301 +0.0% -290 +3.8% -591 -591 +0.0%

Gross Operating Income 412 401 +2.7% 313 +31.6% 725 824 -12.0%

Provisions -43 59 n.s. 40 n.s. -3 115 n.s.

Operating Income 369 460 -19.8% 353 +4.5% 722 939 -23.1%

Non Operating Items 1 49 -98.0% 0 n.s. 1 49 -98.0%

Pre-Tax Income 370 509 -27.3% 353 +4.8% 723 988 -26.8%

Cost/Income 42.2% 42.9% -0.7 pt 48.1% -5.9 pt 44.9% 41.8% +3.1 pt

Allocated Equity (€bn) 6.5 6.0 +8.5%

Record net interest income in a context of volume growth and adapting conditions

Greater presence in major acquisition finance deals offsetting the limited LBO origination flow

Significant growth in energy, commodities and project finance: price levels driving up

customers’ financing needs

Operating expenses stables/2Q07

Stringent cost control in businesses experiencing a slow down and continued growth in key

franchises

Cost of risk: -€43mn vs. a €59mn write-back in 2Q07

Results as at 30.06.2008 Corporate and Investment Banking

60

More magazines by this user
Similar magazines