Cost of risk - BNP Paribas

media.cms.bnpparibas.com

Cost of risk - BNP Paribas

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

In millions of euros 2Q07 1Q08 1H07

Revenues 55 76 -27.6% 97 -43.3% 152 183 -16.9%

Operating Expenses and Dep. -29 -24 +20.8% -27 +7.4% -56 -49 +14.3%

Gross Operating Income 26 52 -50.0% 70 -62.9% 96 134 -28.4%

Provisions 0 -1 n.s. -1 n.s. -1 -1 +0.0%

Operating Income 26 51 -49.0% 69 -62.3% 95 133 -28.6%

Non Operating Items 4 0 n.s. 0 n.s. 4 1 n.s.

Pre-Tax Income 30 51 -41.2% 69 -56.5% 99 134 -26.1%

Cost/Income 52.7% 31.6% +21.1 pt 27.8% +24.9 pt 36.8% 26.8% +10.0 pt

Allocated Equity (€bn) 0.5 0.4 +19.0%

Revenues: -16.9%/1H07

Provision on asset values due to the appreciation of currencies outside the eurozone

14% increase in rents, of which 5.5% at constant scope

Lesser capital gains on property sales than in 1H07

Revaluated net assets*: €42.50 per share (+3.5%/31.12.07)

Or €3,071mn group share

Acquisition of Scandinavia's premiere commercial centre property developer

Property: €2.5bn

Net rents expected on a full year basis: €154mn

Effective in 2H08 after approval by the relevant authorities

Klépierre

* Interests included

Results as at 30.06.2008 Klépierre

63

More magazines by this user
Similar magazines