The results included a net charge of EUR358m, as a EUR534m euro-impairment charge on Axa’s equity investment was partly offset by accelerated amortization of EUR176m in Purchase Price Accounting fair value adjustments associated with the acquisition of Fortis.
Revenues in the fourth quarter of 2010 were EUR10.32bn, up 2.6% compared to EUR10.06bn a year ago.
Operating income for the fourth quarter of 2010 registered an increase of 12.3% to EUR2.27bn from EUR2.02bn in the corresponding quarter a year ago.
Pre-tax profit was EUR2.35bn, up 12.3% higher than last year’s EUR 2.1bn.
BNP Paribas attributable net income for the full year 2010 climbed 34.5% to EUR7.84bn from EUR5.83bn a year ago.
Annual revenues increased 9.2% to EUR43.88bn from last year’s EUR40.19bn.
The company’s Board will propose a cash dividend of EUR2.10 per share, representing a payout ratio of 33.4%.
