BNP Paribas Reports Q1 2005 Results

BNP Paribas recorded Net Banking Income of EUR 5,603 million in the first quarter 2005, up 19.3% from the first quarter 2004. Further, Gross Operating Income reached EUR 2,460 million, a rise of 36.5% from the first quarter 2004 (+21.9%

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BNP Paribas recorded Net Banking Income of EUR 5,603 million in the first quarter 2005, up 19.3% from the first quarter 2004.

Further, Gross Operating Income reached EUR 2,460 million, a rise of 36.5% from the first quarter 2004 (+21.9% excluding BNP Paribas Capital1). The Cost/Income ratio, at 59.8% excluding BNP Paribas Capital1, also improved by 2.7 points, confirming the extremely competitive position of the Group within the Euro zone.

Net Income Group Share rose 56.4% versus the first quarter 2004 (+57.8% at constant scope and exchange rates) to EUR 1,720 million.

Annualised return on equity after-tax was 23.8%. The Tier 1 ratio of Core Capital is estimated at 7.4% as at 31 March 2005.

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