On Thursday, one of the largest global banking groups in the world, BNP Paribas reported a rise of the net quarterly profits by 44.8-percent. Whipping the analyst expectations of 1.197 billion Euros, the company's net profit raised up to 1.305 billion Euros.
Yet some doubts remain about the coverage of the economic recuperation and the amount of money banks have to set aside to supply for the risk of loans not being repaid. The retail banking division sustained to suffer from a rise in bad loan provisions in the third quarter, nevertheless overall loan risk of the group continued at 2.3 billion Euros, slightly alleviating from the figure for the second quarter.
Despite the severe repercussion of the collapse of US investment bank Lehman Brother last year, the net outcome of group managed to settle high, compared with the corresponding figure and generated almost 60 percent of the upshot before tax from the investment banking arm in the quarter.
Consequently the bank purely indicates its profit facilitated through BNP Paribas Fortis assets, an international bank with its focus in Belgium while the purchase of 75% of the shares of the bank by BNP Paribas and by its investment banking arm which promoted from a recover in financial markets.












