BNP realized an outstanding Q1 22 thanks to a strong beat in Global Markets as the bank benefited from the volatile market environment over the quarters. Strong growth also occurred in retail banking (above expectations) while IPS (asset gathering) was flat yoy with the insurance revenue decline offsetting growth in AM & WM. Expenses were a tad disappointing, as the C/I ratio deteriorated slightly. The cost of risk declined considerably thanks to the release of provisions made by Bancwest. The 2 ....
03 May 2022
Outstanding Q1 results thanks to Global Markets, 2025 targets maintained
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Outstanding Q1 results thanks to Global Markets, 2025 targets maintained
- Published:
03 May 2022 -
Author:
Sylvain Perret -
Pages:
4
BNP realized an outstanding Q1 22 thanks to a strong beat in Global Markets as the bank benefited from the volatile market environment over the quarters. Strong growth also occurred in retail banking (above expectations) while IPS (asset gathering) was flat yoy with the insurance revenue decline offsetting growth in AM & WM. Expenses were a tad disappointing, as the C/I ratio deteriorated slightly. The cost of risk declined considerably thanks to the release of provisions made by Bancwest. The 2 ....