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  • BNP Paribas Group: Results as at 31 March 2015 - BNP Paribas Ireland
    made in 2014 and favourable foreign exchange effects The revenues of the operating divisions thus rose by 13 7 compared to the first quarter 2014 2 3 for Domestic Markets1 20 3 at International Financial Services and 23 7 for CIB Operating expenses at 7 808 million euros were up by 14 9 They included the one off impact of Simple Efficient transformation costs and the restructuring costs of the acquisitions made in 2014 which totalled 130 million euros 142 million euros in the first quarter 2014 They also included a 245 million euro impact 2 for the first contribution to the Single Resolution Fund whose entire contribution for 2015 was fully booked this quarter based on the IFRIC 21 Levies interpretation The operating expenses of the operating divisions were up by 10 7 resulting in a largely positive jaws effect 3 points They were up 1 1 in Domestic Markets1 20 6 in International Financial Services and 13 4 in CIB Gross operating income was up by 4 5 at 3 257 million euros It increased by 20 3 for the operating divisions The Group s cost of risk was down by 3 7 at 1 044 million euros 61 basis points of outstanding customer loans It included a one off 100 million euro provision due to the exceptional situation in Eastern Europe in the first quarter 2014 It was on the whole stable excluding this effect Non operating items totalled 339 million euros They included in particular this year a 94 million capital gain 3 on the sale of a non strategic stake and a 67 million euro capital gain due to the merger between Klépierre and Corio Non operating items totalled 96 million euros in the first quarter 2014 Pre tax income was thus up 19 8 compared to the first quarter 2014 at 2 552 million euros For its part the pre tax income of the operating divisions was up by 38 6 The Group generated 1 648 million euros in net income attributable to equity holders 1 403 million euros in the first quarter 2014 up by 17 5 compared to the same period a year earlier 38 7 excluding one off items and the impact2 of the first contribution to the Single Resolution Fund Return on equity excluding one off items but including the impact of the first contribution to the Single Resolution Fund was 9 6 The Group s balance sheet is rock solid As at 31 March 2015 the fully loaded Basel 3 common equity Tier 1 ratio 4 was 10 3 The fully loaded Basel 3 leverage ratio 5 came to 3 4 6 The Group s immediately available liquidity reserve was 301 billion euros 291 billion euros as at 31 December 2014 equivalent to over one year of room to manoeuvre in terms of wholesale funding The net book value per share was 70 2 euros representing a compounded annualised growth rate of 7 1 since 31st December 2008 Lastly

    Original URL path: http://www.bnpparibas.ie/en/2015/04/30/bnp-paribas-group-results-as-at-31-march-2015/ (2016-02-17)
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  • BNP Paribas Group: Results as at 31 December 2014 - BNP Paribas Ireland
    of a total of 8 97 billion dollars in penalties 6 6 billion euros Given the amounts already provisioned the Group booked this year a one off charge for a total amount of 6 billion euros of which 5 750 millions in penalties and 250 million euros corresponding to the future costs of the remediation plan announced as part of the comprehensive settlement Non operating items totalled 212 million euros They included in particular this year a 297 million euro impairment of BNL bc s goodwill Non operating items totalled 397 million euros in 2013 and included in particular 171 million euros in one off items Pre tax income thus came to 3 149 million euros compared to 8 239 millions in 2013 Excluding one off items 4 it was up by 8 9 The Group generated 157 million euros in net income attributable to equity holders 4 818 million euros in 2013 Excluding one off items 4 it totalled 7 049 million euros The Group s balance sheet is rock solid At 31 December 2014 the fully loaded Basel 3 common equity Tier 1 ratio 5 which factors in the results of the banks Asset Quality Review AQR performed by the European Central Bank ECB and the early introduction of Prudent Valuation Adjustment PVA was 10 3 The fully loaded Basel 3 leverage ratio 6 came to 3 6 7 The Liquidity Coverage Ratio was 114 Lastly the Group s immediately available liquidity reserve was 291 billion euros 247 billion euros as at 31 December 2013 equivalent to over one year of room to manoeuvre in terms of wholesale funding The net book value per share 8 was 61 7 euros or a compounded annualised growth rate of 4 5 since 31st December 2008 The Board of Directors will propose to shareholders at the Shareholders Meeting to pay out the same amount of dividend paid last year i e 1 50 per share to be paid in cash Lastly the Group is actively implementing the remediation plan agreed as part of the comprehensive settlement with the U S authorities and is reinforcing its internal control and compliance setup In the fourth quarter 2014 revenues came to 10 150 million euros up 7 2 compared to the fourth quarter 2013 They benefited in particular from the scope effect as a result of LaSer becoming a wholly owned company and the acquisition of Bank BGZ in Poland One off revenue items were negligeable as in the fourth quarter 2013 At constant scope and exchange rates revenues of the operating divisions were up by 1 1 with a 3 3 rise at Retail Banking 9 and a 1 5 increase at Investment Solutions and a 3 9 decline for CIB Operating expenses were up 2 0 at 7 004 million euros They included this quarter 229 million euros in one off Simple Efficient transformation costs 287 million euros in the fourth quarter 2013 The rise was 3 0 excluding one off items

    Original URL path: http://www.bnpparibas.ie/en/2015/02/05/bnp-paribas-group-results-as-at-31-december-2014/ (2016-02-17)
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  • BNP Paribas Group: Results as at 30 September 2014 - BNP Paribas Ireland
    the third quarter 2013 up 8 9 Net income attributable to equity holders was 1 502 million euros 1 358 million euros in the third quarter 2013 Excluding one off items it was 1 730 million euros up 12 5 compared to the same period a year earlier On 26 October 2014 the European Central Bank ECB published the results of its Comprehensive Assessment of the assets of the 130 most significant Eurozone banking groups The assessment included a detailed review of the banks assets Asset Quality Review AQR and a Stress Test performed in close cooperation with the European Banking Authority EBA The exercise was unprecedented in terms of scope and duration BNP Paribas supplied 370 million data points and the ECB reviewed over 50 credit and market risk weighted assets in a process that lasted for almost a year The overall impact of the AQR adjustments on BNP Paribas Group s CET1 ratio as at 31 December 2013 was minor 15 basis points of which 8 basis points were already included in the CET1 ratio published on 30 June 2014 This places BNP Paribas amongst the best comparable European banks The Group has factored in the AQR results in the fully loaded Basel 3 common equity Tier 1 ratio 3 as at 30 September 2014 which came to 10 1 The Stress Test results also show the Group s ability to withstand a severe stress scenario based on extremely severe assumptions with respect to the evolutions of economic and market conditions The results of the assessment conducted by the ECB and the EBA thus confirm the Group s balance sheet solidity the quality of its assets and the rigor of its risk management policy The fully loaded Basel 3 leverage ratio 4 was 3 5 5 The Group s immediately available liquidity reserve is 268 billion euros 244 billion euros as at 30 June 2014 equivalent to over one year of room to manoeuvre in terms of wholesale funding Lastly the Group continues to reinforce its compliance and control procedures it is implementing the remediation plan agreed as part of the comprehensive settlement with the U S authorities and is reinforcing its internal control system For the first nine months of the year the Group s results include the impact of a total of 5 950 million euros in one off charges relating to the comprehensive settlement with the U S authorities Excluding the impact of all the one off items net income attributable to equity holders was 5 265 million euros Revenues totalled 29 018 million euros up 0 3 compared to the first nine months of 2013 It included 313 million euros in one off items compared to 161 million euros for the same period a year earlier Excluding the one off items and at constant scope and exchange rates it was up 2 7 2 1 for the operating divisions Operating expenses rose by 2 2 to 19 522 million euros The rise was 2

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  • Baudouin Prot has announced to the Board of Directors his decision to step down. Jean Lemierre will be appointed as Chairman of BNP Paribas. - BNP Paribas Ireland
    the financial industry BNP Paribas has become a European leader in its industry and one of the most solid banks in the world Over this period BNP Paribas has tripled its shareholders equity from 25 7 billion to 77 1 billion doubled revenues from 18 billion to 39 billion and doubled headcount from 89 000 to 185 000 employees 70 of whom are based outside France versus 35 ten years ago On this occasion the Board was moved to declare Beyond the remarkable growth of BNP Paribas at the service of its clients and the reinforcement of its financial strength we are grateful to Baudouin Prot for his total commitment during the financial crisis of 2007 2011 when he faced on a daily basis with his teams situations which were unprecedented in the financial sector His performance at the helm of the bank has been excellent Jean Lemierre s remarkable career and his success at the head of the European Bank for Reconstruction and Development have given him financial expertise and an exceptional international reputation among regulators as well as the economic and political leaders of major countries Mr Lemierre s vision of business banking activities and his own values will contribute to the success of BNP Paribas In a message to all BNP Paribas Group staff Baudouin Prot said The 31 years I have spent at this company have been a succession of challenges but also and above all an exceptional human adventure This period will remain the great adventure of my professional life I would simply like to say thank you to those with whom I had the pleasure to share this marvellous experience I was CEO and then Chairman during the turbulent years that were marked by the particularly testing climate of the financial crisis and its aftermath After dedicating myself fully to the success of the Group for more than 30 years I have made a personal decision to take a step back I feel the time has come to pass the reins to a new Chairman who will bring new energy to our bank at a time of post crisis challenges Today I therefore announced to the Board of Directors my decision to step down as Chairman and Director This decision will take effect from 1 December 2014 by which time I will have been Chairman for 3 years Jean Laurent Bonnafé CEO of BNP Paribas said I would like to thank Baudouin for everything that he has taught us and contributed I value his tenacity his ability to rally teams around the goal of developing BNP Paribas his personal interest in client relationships and his sharp awareness of the role of a bank in the economy Along with all BNP Paribas teams I would like to express our sincere and immense gratitude I also welcome our new Chairman Jean Lemierre can count on the support of all of us to succeed in our plans About BNP Paribas BNP Paribas has a presence in 75

    Original URL path: http://www.bnpparibas.ie/en/2014/09/26/baudouin-prot-has-announced-to-the-board-of-directors-his-decision-to-step-down-jean-lemierre-will-be-appointed-as-chairman-of-bnp-paribas/ (2016-02-17)
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  • BNP Paribas Group: Results as at 30 June 2014 - BNP Paribas Ireland
    at CIB Gross operating income declined by 13 8 over the period to 3 051 million euros Excluding exceptional items and at constant scope and exchange rates it was up by 6 1 and 4 3 for the operating divisions The Group s cost of risk was down 18 1 this quarter at 855 million euros 53 basis points of outstanding customer loans overall stable since the beginning of 2013 reflecting the Group s good risk control Given the impact of the comprehensive settlement with the U S authorities pre tax losses thus came to 3 600 million euros pre tax income of 2 713 million euros in the second quarter 2013 Excluding exceptional items and at constant scope and exchange rates pre tax income was up 15 8 11 4 for the operating divisions Net losses attributable to equity holders thus came to 4 317 million euros net income of 1 765 million euros in the second quarter 2013 Excluding the impact of the one off items net income attributable to equity holders totalled 1 924 million euros up 23 2 compared to the same period last year Excluding the net impact of the costs related to the comprehensive settlement with the U S authorities annualised return on equity 4 was 8 2 and net earnings per share this quarter came to 2 51 The Group s balance sheet is rock solid The Group s solvency was in line with the objectives of the 2014 2016 plan with a fully loaded Basel 3 common equity Tier 1 ratio 5 at 10 0 and a fully loaded Basel 3 leverage ratio 5 at 3 5 6 The Group s immediately available liquidity reserve was 244 billion euros 247 billion euros at the end of 2013 equivalent to over one year of room to manoeuvre in terms of wholesale funding The Group is implementing major changes to its internal control system In order to guarantee their independence and their own separate funding the supervision and control functions organisation will be aligned with the model of the Risk function and the General Inspection with notably vertical integration of the Compliance and Legal functions A Group Supervisory and Control Committee chaired by the Chief Executive Officer will also be created with the mission to provide cohesion and coordination of supervision and control actions A Group Conduct Committee tasked with positioning and monitoring policies in certain sensitive business sectors and countries as well as the Group s Code of Business Conduct will also be set up Lastly resources and procedures for compliance and supervision will be stepped up All of these measures are on top of the remediation plan unveiled at the time of the comprehensive settlement with the U S authorities For the whole first half of the year the Group s results include the impact of a total of 5 950 million euros in one off costs related to the comprehensive settlement with the U S authorities Excluding the impact of all

    Original URL path: http://www.bnpparibas.ie/en/2014/07/31/bnp-paribas-group-results-as-at-30-june-2014/ (2016-02-17)
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  • BNP Paribas Group: Results as at 31 March 2014 - BNP Paribas Ireland
    held up well in Corporate and Investment Banking 3 7 1 Operating expenses which totalled 6 382 million euros were down 1 4 They included this quarter the one off 142 million euro impact of Simple Efficient transformation costs 155 million euros in the first quarter 2013 The operating expenses of the operating divisions were up 1 8 1 reflecting both ongoing cost control and the implementation of the 2014 2016 business development plan They were thus up 1 2 1 in Retail Banking 2 2 3 1 in Investment Solutions and 2 8 1 in CIB Gross operating income rose by 0 8 during the period to 3 531 million euros It was down 3 6 1 for the operating divisions The Group s cost of risk was up 173 million euros this quarter at 1 084 million euros 68 basis points of outstanding customer loans in particular due to a 100 million euro portfolio provision due to the exceptional situation in Eastern Europe and an increase at BNL bc given the still challenging environment in Italy Pre tax income was thus 2 547 million euros down 3 7 compared to the same quarter a year earlier Given the 156 million euro decrease in the minority interests due in particular to the acquisition of the Belgian government s stake in BNP Paribas Fortis in the fourth quarter 2013 BNP Paribas posted 1 668 million euros in net income attributable to equity holders up 5 2 compared to the first quarter 2013 One off items had no impact on the quarter s net income as in the first quarter 2013 Annualised return on equity was 7 2 This quarter net earnings per share came to 1 30 The Group s balance sheet is rock solid The Group s solvency was

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  • BNP Paribas Group: Results as at 31 December 2013 - BNP Paribas Ireland
    last year due in particular to an increase at BNL bc as a result of the still challenging economic environment in Italy The Group s financial statements also include this year a 1 1 billion US dollar provision 4 or 798 million euros related to the retrospective review of US dollar payments involving parties subject to US economic sanctions Non operating items totalled 357 million euros They include in particular this year two exceptional items that totalled 171 million euros the 81 million euro impact from the sale of BNP Paribas Egypt and a total of 252 million euros in impairments which includes a 186 million euro impairment of BNL bc s goodwill Non operating items came to 1 791 million euros in 2012 and included in particular 1 445 million euros in exceptional items impact in particular of the sale of a 28 7 stake in Klépierre SA BNP Paribas thus generated 4 832 million euros in net income attributable to equity holders down 26 4 compared to 2012 Excluding exceptional items the total impact of which this year totalled 1 211 million euros compared to 184 million euros in 2012 the net income attributable to equity holders came to 6 043 million euros down 5 3 compared to last year Return on equity was 6 1 7 7 excluding exceptional items Net earnings per share totaled 3 69 4 67 excluding exceptional items The Group s balance sheet is rock solid Solvency is high with a 10 3 fully loaded Basel 3 common equity Tier 1 ratio 4 and a 3 7 fully loaded Basel 3 leverage ratio 4 above the 3 0 regulatory threshold applicable effective from 1st January 2018 The Group s immediately available liquidity reserve was 247 billion euros 221 billion euros at the end of 2012 equivalent to over one year of room to manoeuvre in terms of wholesale funding The net book value per share 6 was 63 60 euros or a compounded annualised growth rate of 6 1 since 31 December 2008 demonstrating BNP Paribas ability to continue to grow the net asset value per share The Board of Directors will propose to shareholders at the Shareholders Meeting to pay out a dividend of 1 50 per share to be paid in cash stable compared to last year which equates to a 40 8 pay out ratio The Group finally unveiled the broad outlines of its 2014 2016 business development plan Confirming its universal bank business model that demonstrated its resilience during the crisis and which is a clear competitive advantage in the new environment it defines five major strategic priorities for 2016 enhance client focus and services simplify the organisation and how the Group operates continue improving operating efficiency adapt certain businesses to their economic and regulatory environment and implement business and regional development initiatives by leveraging the Group s expertise The goal is to achieve at least 10 return on equity by 2016 and double digit annual growth of net

    Original URL path: http://www.bnpparibas.ie/en/2014/02/13/bnp-paribas-group-results-as-at-31-december-2013/ (2016-02-17)
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  • Finance Archives - Page 3 of 7 - BNP Paribas Ireland
    eurozone and France Competent authorities made clear that they were unfouded In particular Standard and Poors Moody s and Fitch have successively indicated that rumours regarding August 2 2011 Finance Group Press Release BNP Paribas Group Results as at 30 June 2011 The Board of Directors of BNP Paribas met on 1st August 2011 The meeting was chaired by Michel Pébereau and the Board examined the Group s results for the second quarter of the year and approved the interim accounts Net quarterly May 11 2011 Finance Group Press Release 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 Pursuant to the requirements under Article 14 of the Group s Articles of Association and Memorandum BNP Paribas Board of Directors decided on 3 May 2011 to extend Michel Pébereau s term as Chairman until the General Shareholders Meeting to be held May 4 2011 Finance Group Press Release BNP Paribas Group Results as at 31 March 2011 The Board of Directors of BNP Paribas met on 3 May 2011 The meeting was chaired by Michel Pébereau and the Board examined the Group s results for the first quarter of the year STRONG PROFIT GENERATION CAPACITY ACROSS ALL THE OPERATING February 17 2011 Finance Press Release Regional News Dividend During the announcement of the 2010 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 Loading More News archive Print Print Search Search by keywords Ok Refine Search by recent date All time 7 days 1 month 4 months November 3 2011 Finance Group Press Release BNP Paribas Group Results as at 30 September 2011 The Board of Directors of BNP Paribas met on 2 November 2011 The meeting was chaired by Michel Pébereau and the Board examined the Group s results for the third quarter of the year POSITIVE NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS September 14 2011 Finance Group Barclays Conference New York Presentation of Baudouin Prot Chief Executive Officer of the BNP Paribas Group at the Barclays Conference in New York BNP Paribas Proactive Management Addressing New Challenges September 13 2011 Finance Group Press Release Press Release 13 09 11 BNP Paribas has today requested the French market regulator Autorité des Marchés Financiers to open an investigation into the publication of erroneous information about its funding in dollars in an article in the Opinions section of the Wall Street Journal September 13 2011 Finance Group Press Release Press Release The Wall Street Journal published today in its Op Ed pages an article entitled The problem with French banks written by Mr Nicolas Lecaussin This article quotes a certain anonymous BNP Paribas executive who states that the bank has a liquidity September 12 2011 Finance Press Release Moody s and

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