Bnl closed 2017 with a pre-tax result of 192 million euros, more than double the 90 million recorded in the previous year. The parent company Bnp Paribas notes that in 2017 the commercial activity of Bnl is confirmed in progress: loans are up by 0,6% compared to 2016 and by 1,8% net of the effects of the sale of a loan portfolio non-performing in the first quarter of 2017.
Deposits increased by 9,5%, with significant growth in current accounts. In addition, the intermediation margin fell by 2,2%, settling at 2.907 million euros. On the other hand, the interest margin fell by 5,9% due to low interest rates. As for the gross operating result, it stands at 1.106 million euros, with an increase of 1,8% compared to the previous year.
Commissions increased by 4,7% thanks to the development of indirect deposits and private banking. Operating costs, at 1.801 million euros, were down by 4,5% but increased by 0,7% excluding non-recurring items in 20164, reflecting good cost control.
In the fourth quarter of 2017 alone, BNL recorded a marked improvement in its accounts, with a pre-tax profit of 46 million, which compares with the negative result of 36 million in the same period of 2016.
As for the parent company Bnp Paribas, the French group closed 2017 with a net result of 7,75 billion, up 0,7% on the previous year, while net of one-off items, profit stood at 8,14 billion , with a growth of 4,4%. The Board will propose to the general meeting of shareholders to pay a dividend of 3,02 euros per share (+11,9% compared to 2016), payable in cash, equal to a distribution rate of 50% in accordance with the plan.
The operating result amounted to 10.310 million euros, against 10.771 million in 2016, with a decrease of 4,3%.
