Il 2011 of Bnp Paribas closes with a drop in net profit of 22,9%, to 6 billion euros. They weigh a lot, in the calculation, the 75% devaluation of Greek government bonds (for -3,45 billion) and the strong general reduction of its commitments in sovereign debt (-29%) with a loss of -872 million.
In fourth quarter 2011 the banking group's net profit amounted to 765 million euros, down by 50,6% compared to the same period of the previous year. The board of directors will propose to the general meeting of shareholders to pay a dividend of 1,20 euros per share, with a distribution rate of 25,1%, payable either in cash or in shares, a distribution which would allow reinvestment at least three quarters of the profits in the enterprise.
Tier 1 capital, at the end of 2011, rose to 9,6%. In its note, the group underlines that it has achieved the objectives set by the EBA (European Banking Authority) six months in advance.
