The bank took a EUR567m writedowns on Greek sovereign debt in the fourth quarter of 2011 as it increased the provisioning level on the securities to 75%.
Revenues for the fourth quarter of 2011 were EUR9.69bn, compared to EUR10.32bn for the same period a year ago.
Operating income was EUR1.49bn, compared to EUR2.27bn for the same period in the previous year.
Retail banking segment posted revenues of EUR5.96bn, compared to EUR5.94bn for the same period in the last year.
French retail banking unit’s revenues were EUR1.66bn, compared to EUR1.67bn for the same period in the prior year.
BNP Paribas CEO Jean-Laurent Bonnafe said that in 2011, in an economic and regulatory environment undergoing radical changes, the Group had solid operating performances, in particular in retail banking, and it increased its solvency ratio despite the switch to Basel 2.5.
