BNP Paribas profit rises 19% and exceeds 11 billion by September

BNP Paribas reported a profit of €11.018 billion by September, marking a 19% increase compared to the previous year. The bank's net revenue reached €41.904 billion, a 10% rise year-on-year. The risk cost was €2.835 billion, up 11% from last year. In Q3, net profit was €3.456 billion, a 13.5% increase, with revenues growing by 9.5%. The CET1 ratio stood at 12.9%, exceeding regulatory requirements. The bank announced a €1.3 billion share buyback program starting November 2. Additionally, digital business and retail investor activities saw double-digit growth, with Nickel expanding its presence across Europe.