BNP Paribas sees 5.7 percent increase on revenues 04 May 2018Paris Reporter: Jenna Lomax
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BNP Paribas Securities Services has revealed its revenues reached €505 million for Q1 2018, a rise of 5.7 percent compared to Q1 last year.
Assets under custody and under administration was up by 5.3 percent compared to 31 March 2017.
The number of transactions rose by 5.1 percent compared to the same quarter last year.
According to BNP Paribas, this was a result of the very good business drive and the positive effect of new mandates.
BNP Paribas gross operating income under securities services stood at €82 million.
The business also continued to develop joint offers with global markets, in particular in the execution and netting of derivatives, forex and collateral management.
BNP Paribas has continued to win new mandates with Intermediate Capital Group for one, it also finalised its partnership in the US with Janus Henderson Investors.
Securities services also announced the acquisition of the depositary banking business of Banco BPM in Italy.
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