BNP Paribas loops an exceptional year, with a record profit of 9.5 billion euros in 2021

The largest French bank has achieved a sharp net profit from 2020 (+ 34.3%) and 2019 (+ 16.1%), according to the release of its quarterly results.

Le Monde with AFP

The BNP Paribas banking group announced, Tuesday, February 8, the best annual results of its history, erasing in 2021 the stigmas of the health crisis thanks to the dynamism of its retail bank and its financing and investment activities and investment activities. dynamics despite the crisis.

The largest French bank carried out a net profit of 9.488 billion euros in 2021, up sharply from 2020 (+ 34.3%) and 2019 (+ 16.1%), according to the statement its quarterly results. “BNP Paribas realizes a very good performance in 2021”, judges his managing director, Jean-Laurent Bonnafé, cited in the press release.

First major French bank to publish its results for last year, BNP Paribas reported a net banking product, equivalent of sales for the sector, 46.2 billion euros, or 4.4% more than 2020 and 3.7% more than 2019.

The fourth quarter results alone are slightly withdrawn from the previous two: 2.3 billion net profits, compared with 2.5 billion the previous quarter, and 2.9 billion from April to June. Nevertheless, they remain nearly 45% higher than the last quarter 2020. It is also not counting the fruit of the sale of its US subsidiary Bank of the West for the coquette sum of $ 16.3 billion (14.3 billion euros). Announced on December 20, it will only be finalized at the end of this year.

“Sustained income growth”

Domestic Markets (“Internal Market”), which includes the retail bank in France and in the euro zone (Italy, Belgium, Luxembourg), has seen its net banking product grow by 5.2%, particularly sustained By France and some trades, such as the Arval Automobile Leasing subsidiary.

Financing and investment trades register “a sustained increase in revenue”. The Bank, which also has the Nickel bank account, available only at the Balalists, sees this segment “continue its development in France, with nearly 2.4 million open accounts” since its creation.

/Media reports.