BNP Paribas euphoric despite a deteriorating economic situation

by time news

The first bank in the euro zone achieved between April and June the best quarterly results in its history.

The deterioration of the economic situation has no effect on BNP Paribas. The first bank in the euro zone, which had had a record year in 2021 (9.5 billion), continued its momentum in the first half, with a net profit of 5.29 billion euros (+ 13% on a year). Between April and the end of June, it even achieved the best quarterly results in its history (3.2 billion euros), up 9.1% compared to the same period of 2021.BNP Paribas’ results are solid and demonstrate its ability to mobilize all of its resources and businesses more than ever to support individuals, businesses and institutions in all phases of the economic cycle.“, explained Friday Jean-Laurent Bonnafé, managing director of BNP Paribas in a press release.

Once again, in the second quarter, all the businesses of the group, which has grown in recent years, contributed to the continued improvement in performance. In the activity…

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