BGL BNP Paribas: First quarter 2013 results
The Board of Directors of BNP Paribas met on 2 May 2013. The meeting was chaired by Baudouin Prot and the Board examined the Group’s results for the first quarter 2013.
€1.6BN IN NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS IN A CHALLENGING ECONOMIC ENVIRONMENT
In a lacklustre economic environment in Europe, the Group’s revenues totalled 10,055 million euros, up 1.7% compared to the first quarter 2012. It included this quarter the positive impact of two exceptional items for a net total of 149 million euros:
-215 million euros in own credit adjustment and +364 million euros as a result of the first-time adoption of Debit Value Adjustment (DVA) under IFRS 13. The revenues of the operating divisions dropped 5.9%, although Retail Banking1 (+0.2%2) and Investment Solutions (+3.4%2) held up well, while this quarter was a transition for CIB after the end of the adaptation plan (-20.2%2).
The consult the detailed results, please open the document below.
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