BNP Paribas revenues up 9.6% yoy at end 2015

Paris headquartered BNP Paribas group has published its 2015 results.

The group has totalled revenues of €42.9m, up 9.6% compared to end 2014.

Net income of BNP Paribas has hit €6.7bn, dropping by 51.7% year-on-year, with a dividend per share of €2.31.

At 31 December 2015, the Tier 1 ratio of BNP Paribas was 10.9%, up by 60 basis points compared to 31 December 2014.

As for its insurance and wealth & asset management division, BNP reports total assets under management of €954bn at end December 2015, up 6.8% yoy (+€60bn).

In detail, AUM amounted to €390bn for the asset management, €327bn for the wealth management business, €215bn for the insurance division and €22bn for the real estate services of BNP.

BNP outlined “largely positive net asset inflows of €35.7bn with good asset inflows in wealth management in the domestic markets and in Asia, very good asset inflows in asset management driven in particular by the diversified funds and good asset inflows in insurance in France, in Italy and in Asia.”

The company estimated foreign exchange effect for 2015 at +€11.7bn and the performance effect at €12.7bn due to the favourable evolution of equity markets and rates during the year.

Wealth and asset management’s revenues stood at at €3.02m, up 7.4% compared to 2014.

“The business unit will expand digitalisation in all the business units, in particular by accelerating the expansion of mobile and digital banking, including in new countries, and focusing on innovative solution offerings,” BNP Paribas said.

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