The BNP Paribas banking group has announced its results for 2017, where operaqting divisions' revenue rose 1.5% compared to 2016 figures, whereas operating costs rose just 0.5%.
Overall revenues totalled €43,161 million, down by 0.6% compared to 2016, which included an exceptional impact of +€597 million in capital gains from the sale of Visa Europe shares while it only included this year +€233 million in capital gains from the sale of Shinan and Euronext shares. The Group’s gross operating income was thus down by 5.8%, at €13,217 million. It was up by 3.8% for the operating divisions (+4.9% at constant scope and exchange rates).
Luxembourg Retail Banking’s outstanding loans rose by 7.4% compared to 2016, with robust growth in mortgages and corporate loans, and deposits were up by 15.4% with strong inflows in particular in the corporate segment.
