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  • BNP Paribas Group: Results as at 30 June 2011 - BNP Paribas Ireland
    to the second quarter 2010 Excluding the effect of systemic taxes introduced in 2011 in a number of European countries their rise was limited to 2 1 Gross operating income was down 8 0 compared to the second quarter 2010 For the operating divisions alone it was up 3 7 despite the effect of systemic taxes The cost of risk which was 1 350 million euros was affected this quarter by the provision set aside for Greek government bonds that are eligible under the Greek assistance programme The Greek assistance programme to which BNP Paribas has committed pertains to government bonds that mature before 31 December 2020 It will result in a 21 loss for the private holders of these bonds BNP Paribas holds 2 3 billion euros in Greek government bonds that mature before 31 December 2020 Therefore the Group set aside a provision for 21 of this amount as well as for the corresponding effect on the portfolio of insurance businesses or a total of 534 million euros Furthermore certain minority interests consolidated under the equity method in the insurance sector had a negative impact to the tune of 26 million euros Excluding this one time effect the cost of risk continues the downward trend observed in previous quarters 24 5 amounting to 48bp of outstanding customer loans compared to 66bp in the second quarter 2010 For the first half of the year as a whole the Group s revenues totalled 22 666 million euros a level comparable to the first half 2010 0 2 Affected by the impact of systemic taxes operating expenses were up 2 5 excluding this effect the rise is limited to 1 7 Gross operating income was down 3 7 at 9 336 million euros Despite the impact of the provision set aside

    Original URL path: http://www.bnpparibas.ie/en/2011/08/02/bnp-paribas-group-results-as-at-30-june-2011/ (2016-02-17)
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  • Michel Pébereau announces that BNP Paribas' Board of Directors will be asked to approve the appointment of Baudouin Prot as Chairman and Jean-Laurent Bonnafé as Chief Executive Officer on 1st December 2011 - BNP Paribas Ireland
    possible by an amendment of the Group s Articles of Association and Memorandum approved by shareholders at the General Shareholders Meeting on 31 May 2002 It was put into effect as of 1 June 2003 by Michel Pébereau who was at that time Chairman and CEO of the Group This organisation has been particularly successful in a large group like BNP Paribas with diversified business operations spread across the globe especially with respect to representing the Group in its dealings with major clients and domestic and international authorities It allows the Chief Executive Officer to benefit from the experience counsel and guidance of the Chairman It makes corporate governance smooth and facilitates the process of preparing senior executives for the top position Baudouin Prot joined the company in 1983 and was made Chief Executive Officer in June 2003 Jean Laurent Bonnafé joined the bank in 1993 and became Chief Operating Officer in September 2008 Michel Pébereau Chairman of BNP Paribas said I have devoted 18 years of my life to BNP Paribas including 10 years as Chief Executive Officer and 8 years as Chairman Being in the top leadership position during the bank s transformation and expansion serving its customers and the economies of the countries in which we have a presence and creating value for our shareholders have been extraordinary challenges for me I have always focussed on paving the way for the next generations I am convinced that with Baudouin Prot and Jean Laurent Bonnafé two highly qualified and capable men at its helm BNP Paribas has a very bright future indeed About BNP Paribas BNP Paribas www bnpparibas com is one of the strongest banks in the world The Group has a presence in more than 80 countries and more than 200 000 employees including more than

    Original URL path: http://www.bnpparibas.ie/en/2011/05/11/michel-pebereau-announces-that-bnp-paribas-board-of-directors-will-be-asked-to-approve-the-appointment-of-baudouin-prot-as-chairman-and-jean-laurent-bonnafe-as-chief-executive-officer-on-1st-december/ (2016-02-17)
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  • BNP Paribas Group: Results as at 31 March 2011 - BNP Paribas Ireland
    million euros in the first quarter 2011 they would have been up only 1 3 Gross operating income rose 0 5 for the period to 4 957 million euros The Group s cost income ratio was 57 6 up only 0 4 point compared to the first quarter 2010 which benefited from CIB s exceptionally low cost income ratio The ratio improved in Retail Banking 0 4 point at 58 3 and in all of the Investment Solutions business units in total 1 4 points at 69 3 CIB s cost income ratio at 52 7 3 3 points remained among the best in the industry As part of the continuing process of integrating the entities of BNP Paribas Fortis and BGL BNP Paribas 135 million in synergies were achieved this quarter bringing total aggregate synergies to 733 million euros out of the 1 2 billion euro revised target set for 2012 This performance is in line with the new plan announced at the end of 2010 At 919 million euros or 54 basis points of outstanding customer loans the Group s cost of risk continued its decline in an improved global economic environment It was down by 418 million euros and 243 million euros respectively compared to the first and fourth quarters 2010 At 34 1 billion euros doubtful loans On and off balance sheet gross doubtful outstandings net of guarantees declined by 1 5 billion euros since 31 December 2010 The operating performances of all the Group s business units combined with the impact of the integration of BNP Paribas Fortis and the fall in the cost of risk drove pre tax income up by 7 0 compared to the first quarter 2010 to 4 109 million euros including the negative impact of the impairment charge on equity

    Original URL path: http://www.bnpparibas.ie/en/2011/05/04/bnp-paribas-group-results-as-at-31-march-2011/ (2016-02-17)
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  • Dividend - BNP Paribas Ireland
    results it has been specified that the Board of Directors will propose to the Annual General Meeting the payment of a dividend of 2 10 per share in cash only The Board of Directors will also propose to the Annual General Meeting that the dividend be detached from the share on Friday May 20th 2011 the payment taking place on Wednesday May 25th 2011 1 About BNP Paribas BNP Paribas www bnpparibas com is one of the six strongest banks in the world The Group has a presence in more than 80 countries and more than 200 000 employees including 160 000 in Europe It ranks highly in its three core activities Retail Banking Investment Solutions and Corporate Investment Banking In Europe the Group has four domestic markets Belgium France Italy and Luxembourg and BNP Paribas Personal Finance is the leader in consumer lending BNP Paribas is rolling out its integrated retail banking model across the Europe Mediterranean zone and boasts a large network in the western part of the United States In its Corporate Investment Banking and Investment Solutions activities BNP Paribas also enjoys top positions in Europe a strong presence in the Americas and solid and fast growing businesses in Asia Rated AA by Standard Poor s i e 3rd rating level on a scale of 22 1 If agreed by the May 11th 2011 AGM Press Contacts Antoine Sire 01 40 14 21 06 antoine sire bnpparibas com Carine Lauru 01 42 98 13 36 carine lauru bnpparibas com Isabelle Wolff 01 57 43 89 26 isabelle wolff bnpparibas com Pascal Henisse 01 40 14 65 14 pascal henisse bnpparibas com Alia Ouabdesselam 01 40 14 66 28 alia ouabdesselam bnpparibas com Julie Beuter 01 57 43 06 63 julie beuter bnpparibas com Ilias Catsaros 01 43

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  • BNP Paribas Group: Results as at 31 December 2010 - BNP Paribas Ireland
    at constant scope and exchange rates Gross operating income was therefore virtually stable at 17 363 million euros 3 0 5 1 at constant scope and exchange rates Thanks to the sharp decline in the cost of risk 42 6 at 4 802 million euros 50 0 at constant scope and exchange rates due to the improved economic environment pre tax income soared to 13 020 million euros up 44 7 36 5 at constant scope and exchange rates Each of the operating divisions grew its pre tax income and strong rebound in Retail Banking helped rebalance their respective contributions The successful merger of BNP Paribas Fortis and BGL BNP Paribas entities with those of the Group thanks to the dedication of teams in all the territories and business units resulted in an increase in the synergies estimated for 2012 from 900 million euros to 1 200 million euros with the associated restructuring costs revised up from 1 3 billion to 1 65 billion euros Return on equity was 12 3 compared to 10 8 in 2009 Net earnings per share was 6 3 up 21 7 compared to 2009 The net book value per share at 55 5 was up 9 0 compared to 2009 It was up 29 4 since 2006 the last year before the global economic crisis BNP Paribas model has generated robust growth in the book value throughout the cycle The Board of Directors will propose to shareholders to pay a cash 2 10 dividend a 33 4 payout ratio This allocation of earnings makes it possible to reinvest two thirds of earnings back into the company In the fourth quarter 2010 the Group s revenues totalled 10 320 million euros up 2 6 compared to the fourth quarter 2009 The net income attributable to

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  • BNP Paribas Group: Results as at 30 September 2010 - BNP Paribas Ireland
    620 million euros were up 9 7 This negative jaws effect comes exclusively from restructuring costs 176 million euros compared to 33 million euros in the third quarter 2009 when Fortis s integration was just getting under way and costs from CIB whose exceptionally low cost base in the third quarter 2009 had been reported as non significant at the time At 1 222 million euros or 72 basis points of outstanding customer loans the cost of risk was down sharply 46 9 compared to the third quarter 2009 helping the Group generate 3 014 million euros in operating income up by 29 6 compared to the third quarter 2009 Pre tax income totalled 3 151 million euros 28 9 CIB s and Investment Solution s performance remained strong and the rebound in income from Retail Banking which more than doubled rebalanced the divisions income contributions For the first nine months of the year the Group s revenues totalled 33 560 million euros up by 11 4 compared to the first nine months of 2009 and gross operating income moved up 7 7 At constant scope and exchange rates revenues were comparable 0 3 to the value in the first nine months of 2009 and operating expenses excluding restructuring costs fell 1 0 At 3 640 million euros the cost of risk was down sharply 43 7 compared to the first nine months of 2009 Thus net income attributable to shareholders was 6 293 million euros increasing by 40 9 during the period This solid performance illustrates the Group s capacity to generate capital and further strengthens it Earnings per ordinary share was 5 1 euros compared to 3 7 euros in the first nine months of 2009 The annualised return on equity was 13 2 up 2 2 points

    Original URL path: http://www.bnpparibas.ie/en/2010/11/04/bnp-paribas-group-results-as-at-30-september-2010/ (2016-02-17)
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  • BNP Paribas Group: Results as at 30 June 2010 - BNP Paribas Ireland
    a 237 million euros charge in the second quarter 2009 Operating expenses which totalled 6 414 million euros were up 10 2 1 2 and gross operating income rose 14 0 1 7 1 compared to the second quarter 2009 The cost of risk which was 1 081 million euros continued the downward trend reported in previous quarters It was cut more than half from the second quarter 2009 which led to a doubling of operating income At 3 676 million euros pre tax income soared 69 4 compared to the second quarter 2009 The average corporate income tax rate this quarter was unusually high 34 2 due to 160 million euros in one off charges associated with the legal integration of the Fortis Group s businesses in Italy and the U S For the first half of the year as a whole the Group s revenues were 22 704 million euros up 16 6 compared to the first half 2009 At constant scope and exchange rates revenues were flat 0 2 during the same period Good control of operating expenses 1 4 1 pushed gross operating income up 2 3 1 to 9 694 million euros illustrating the Group s powerful cash flow generating capacity Thanks to a significant shrinking of the cost of risk which was cut by nearly half compared to the first half 2009 net income attributable to equity holders was 4 388 million euros up 38 8 compared to the first half 2009 So half yearly net earnings per ordinary share were 3 6 euros 25 compared to the first half 2009 Annualised return on equity came to 13 7 compared to 11 8 in the first half 2009 The far reaching plan to tie up the entities of BNP Paribas Fortis and BGL BNP

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  • BNP Paribas Group: Results as at 31 March 2010 - BNP Paribas Ireland
    first quarter 2009 This rise is due both to the Group s new dimension and to good income growth at constant scope and exchange rates of each of the Group s three operating divisions Net earnings per share in the first quarter reached 1 87 euro up 20 6 compared to the first quarter 2009 The annualised return on equity was 14 4 compared to 12 3 in the first quarter 2009 The new Group posted 11 530 million euros in revenues up 21 7 compared to the first quarter 2009 In keeping with the Group s strategy the retail banking businesses account for more than half of revenues 53 CIB s account for 34 and Investment Solutions for 13 At constant scope and exchange rates the level of revenues was comparable to that of the first quarter 2009 despite an exceptionally high base This solid performance is due to the sales and marketing drive of the business units as well as the strengthening of the Group s franchise At 6 596 million euros operating expenses rose 23 3 compared to the first quarter 2009 At constant scope and exchange rates they were down 3 4 compared to the same period a year earlier thanks to cost cutting efforts undertaken across all the business units during the crisis The Group s cost income ratio was 57 2 At constant scope and exchange rates it improved by 2 points Gross operating income totalled 4 934 million euros up 19 5 compared to the first quarter 2009 At constant scope and exchange rates it was up 5 0 compared to the first quarter 2009 reflecting the good operating performance of all the Group s business units The Group s cost of risk at 1 337 million euros or 83bp of customer loans was down respectively 489 million euros and 561 million euros compared to the first and fourth quarters of 2009 The good operating performance of all the Group s business units combined with the effects of the integration of BNP Paribas Fortis and the drop in the cost of risk helped generate 3 840 million euros in pre tax income up 67 7 compared to the first quarter 2009 55 4 at constant scope and exchange rates BNP Paribas has never bought a Greek bank Therefore it has no material exposure to the country s local economy Its exposure to the Greek banking system is negligible Its corporate commitments are limited about 3 billion euros or 0 2 of the Group s total commitments They are focussed on corporations which are primarily international and in the shipping sector with asset secured loans and risks with minimal correlation to the Greek economy Moreover the Group has some exposure limited compared to its size in respect of Greek sovereign debt about 5 billion euros or 0 4 of the Group s total commitments Besides banking risks BNP Paribas net exposure to Greece arising from its insurance business is negligible The integration of entities

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