BGL BNP Paribas financial results for the year to 31 December 2014

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On 2 April 2015, the Ordinary General Meeting of Shareholders, chaired by Etienne Reuter, approved the consolidated financial statements of BGL BNP Paribas under IFRS at 31 December 2014.

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02/04/2015 | Banques, caisses rurales et autres activités financières

Consolidated net profit (Group share) came to €342.5 million

Net profit was up 2% compared with 2013.

Commercial activities held up well

Net banking income was €1,346.8 million, steady compared with 2013.
Luxembourg Retail and Corporate Banking reported 1.4% growth in average loan outstandings and a 3.6% increase in average deposits.
Wealth Management reported strong inflows.
Leasing International continued to expand its business.
Corporate and Investment Banking activities remain solid.

Management costs were kept under control

Management costs were cut by 6%.
Excluding exceptional items, expenditures increased slightly by 0.3%.

High solvency

Own funds of €5.2 billion.
Solvency ratio of 22.8% according to Basel III rules, well above the regulatory minimum.

A socially-responsible, innovative and committed bank

BGL BNP Paribas plays an important role in financing the national economy, notably through its partnership with the European Investment Bank on a €50 million loan for small and mid-sized businesses.
BGL BNP Paribas is heavily involved in the country’s sporting, cultural and community life.