“BNP Paribas delivered a stellar earnings and growth performance in 2006, with net income climbing 24.9% to hit a record high of EUR 7.3 billion and net banking income surging by almost 28% to reach EUR 27.9 billion. International Retail Banking and Financial Services, Asset Management and Services, and Corporate and Investment Banking Businesses all posted revenue growth of around 22%, while revenues for the French Retail Banking Division edged up 4.3%.
These results reflect the change in the scale of the Group, which has grown by over a quarter in the space of just one year thanks to a string of acquisitions – most importantly BNL in Italy – and strong organic growth, which alone powered a 13.5% rise in revenues.
2006 will go down in the Group’s history as a year with a distinct Italian flavour. […] BNP Paribas is also determined to become the leading investment bank in Italy, where it is intent on expanding its market share in both Asset Management and Services and Specialised Financial Services activities.
Looking at the year as a whole, 2006 gave us the opportunity to confirm our global reach, with operations in more than 85 countries spanning five continents. Sixty per cent of our 140,000 employees are now based outside France. Since 2005, we have launched new businesses in 53 countries. […]”
Extract from the Chairman’s and Chief executive officer’s statement