Tuesday, August 30, 2011

The owner of UkrSibbank in 2010 earned 7.8 billion euros

Net profit BNP Paribas in 2010 amounted to 7.8 billion euros. This was reported on the site UkrSibbank, 99.99% owned by BNP Paribas. "Thanks to the active role that BNP Paribas Group has played in financing the economy and the successful integration of Fortis, which displays the group to a new level, net income at BNP Paribas in 2010 amounted to 7.843 billion euros, up 34.5% more than in 2009, "- said in a statement UkrSibbank. In 2010, the group showed an income of 43.88 billion euros, up 9.2% compared to 2009. Each structural unit of the group managed to increase its profit before tax, and the rapid development of retail businesses allowed to recover a high proportion of the business lines in the structure of income groups. "The successful merger of BNP Paribas Fortis and BGL BNP Paribas with the group will increase the results of joint activities, projected for 2012, with 0.9 billion euros to 1.2 billion euros, with a corresponding revision of the restructuring costs of 1.3 billion . up to 1.65 billion euros, "- said financial institution. Profitability on equity reached 12.3%, while in 2009 it was 10,8%. Net income per share in 2010 increased by 21,7% compared to 2009 m and was 6.3 euros. Net book value per share amounted to 55.5 euros, 9.0% more than in 2009 and by 29,4% - in comparison with 2006 (the last year before the global economic crisis). Source: delo.ua

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