BNP Paribas (EU:BNP)
Historical Stock Chart
3 Months : From Apr 2019 to Jul 2019
By Pietro Lombardi
BNP Paribas SA's (BNP.FR) first-quarter net profit rose 22%, boosted by capital gains on some disposals.
Net profit for the period was 1.92 billion euros ($2.15 billion) compared with EUR1.57 billion a year earlier. The sale of 14.3% of SBI Life Insurance Co. (540719.BY)--BNP's Indian joint venture with the State Bank of India--boosted the bottom line, France's largest listed bank by assets said Thursday.
Revenue increased 3.2% on year to EUR11.14 billion.
Analysts had expected a net profit of EUR1.99 billion on revenue of EUR10.74 billion for the period, according to a consensus forecast provided by the bank.
BNP's core Tier 1 capital ratio--a key measure of capital strength-- slipped to 11.7% in March from 11.8% at the end of December.
Write to Pietro Lombardi at email@example.com
(END) Dow Jones Newswires
May 02, 2019 01:19 ET (05:19 GMT)
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