whytestocks
6年前
News: $BNPQY Fourth Annual BNP Paribas Open Scholarships Awarded to Local High School Students
INDIAN WELLS, Calif., March 16, 2019 (GLOBE NEWSWIRE) -- BNP Paribas and Bank of the West, global leaders in supporting both amateur and professional tennis, have awarded the fourth annual BNP Paribas Open Scholarships to Daniel Ramirez (Desert Mirage High School); Maria Lopez (Desert Mirag...
In case you are interested https://marketwirenews.com/news-releases/fourth-annual-bnp-paribas-open-scholarships-awarded-to-local-high-school-students-7851254.html
mlkrborn
13年前
BNPQY $30 now! reports on earnings and Greece debt impact:
BNP Paribas reports Q2 results (BNPQY) 31.13 : Bank reports Q2 revenues of EUR 10.981 bln, down 1.7% y/y. Net Income was EUR 2.128 bln, up 1.1% y/y. Cost of Risk for the Greece assistance program was EUR 534 mln. Tier 1 ratio stands at 11.9% compared to 10.6% in the prior year. Net asset value per share was EUR 56.7, up 7.2% y/y. Return on Equity was 13.8%. revenues grew in all three operating divisions: Retail Banking (+1.5% with 100% of the domestic networks' private banking businesses, excluding PEL/CEL effects), Investment Solutions (+6.8%) and Corporate and Investment Banking (+5.7%). However, the Corporate Centre reported sharply lower revenues: 534 million euros compared to 1,071 million euros in the second quarter 2010 in which they were exceptionally high, in particular due to a +235 million euros own debt revaluation. The cost of risk, which was 1,350 million euros, was affected this quarter by the provision set aside for Greek government bonds that are eligible under the Greek assistance programme.
The Greek assistance programme, to which BNP Paribas has committed, pertains to government bonds that mature before 31 December 2020. It will result in a 21% loss for the private holders of these bonds. BNP Paribas holds 2.3 billion euros in Greek government bonds that mature before 31 December 2020. Therefore, the Group set aside a provision for 21% of this amount as well as for the corresponding effect on the portfolio of insurance businesses, or a total of 534 million euros. Furthermore, certain minority interests consolidated under the equity method in the insurance sector had a negative impact to the tune of 26 million euros.