FRANCE - Asset Management and services at French bank BNP Paribas amounted to 25.3% of the e7.245bn second quarter earnings, as reported by the bank today.
The Q2 results marked a 40.1% leap. Net income, group share, reached e1.901bn, up 30.6%.BNP Paribas bought BNL, an Italian lender, earlier this year. The BNL contribution amounted to e757m in revenues against e470m in operating expenses and e214m in pre-tax income.
In the first half of the year, net income for the group, including BNL forone quarter only, amounted to e3.914m. Annualised after-tax return on equity was 22.2%, up 0.4 points from the first half of 2005.By Lisa Haines
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