Custody increase for BNP Paribas

BNP Paribas has announced an increase of 14.1% in its securities services revenue as well as an increase in its assets under custody (AuC) in its Q4 2015 figures.

Total securities services revenue stood at €1.7 billion representing an increase of 14.1% on 2014 that the firm have put down to a “very good business drive.”

AuC rose by 9.1% to €8 billion compared to €7.4 billion at the same period in 2014.

The figures follow similar increases in AuC with both Northern Trust and BNY Mellon reporting slight increases as a result of a stronger US dollar offsetting fees.

The bank as a whole saw revenues totalling €42.9 billion in 2015, an increase of 9.6% from 2014 while net income attributable to equity holders stood at €6.7 billion.

“With €6.7 billion in net income, BNP Paribas delivered solid results thanks to its integrated and diversified model serving its clients. The group had a good operating performance with revenues up in its three operating divisions and a cost of risk that remains at a moderate level,” said chief executive officer Jean-Laurent Bonnafé

“The group’s balance sheet is rock-solid and the significant increase of the fully loaded Basel 3 common equity Tier 1 ratio to 10.9% shows the solid organic capital generation.”