Strong Q2 for BNP Paribas 03 August 2015Paris Reporter: Stephanie Palmer
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BNP Paribas has seen significant increases in its securities services and prime services revenues in Q2 of 2015.
The securities services business reached revenues of €476 million, an increase of 14.4 percent compared to Q2 2014. This was attributed to general good business drive, with the number of transactions reaching 18.1 million, an increase of 19.3 percent to reach 18.1 million.
Assets under custody increased by 17.8 percent to reach €8.1 trillion, and assets under administration saw an increase of 30.8 percent, reaching €17.8 trillion.
In the prime revenue space, revenues increased to over €3 billion, a 15.6 percent increase compared to Q2 last year, which reached €2.64 billion.
As well as the securities services business, the other two business units also saw growth. Global markets increased by 24.5 percent, and corporate banking saw a more modest increase of 3.8 percent.
Equity and prime services revenue increased by 22.2 percent compared to Q2 2014, reaching €621 million, however this represents a dip compared to Q1 2015, which reached €720 million.
The increases were again attributed mainly to a generally favourable environment in the global and equity markets.
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