Home Lifestyle BNP Paribas records record profits | Stellants are on the rise driven by electricity

BNP Paribas records record profits | Stellants are on the rise driven by electricity

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News ➡ The National Bank of Paris Paribas breaks records | The National Bank of Paris Paribas declared a he won net record to 4.4 billion euro For the first quarter, ie, approx 2.5 times more than in 2022 During the same period, thanks in particular Sale of its American subsidiary Bank of the West. This exceptional performance puts the bank on track to break a new record this year, after 10.2 billion in profits achieved in 2022, despite the turmoil that has rocked the banking sector in recent months. All areas of the Bank’s business witnessed an increase in income, except for the investment and savings business, whose income increased slightly (+0.6%). Activities for large companies and institutions grew by 4% to reach 4.9 billion euros, while commercial banks and specialized companies witnessed an increase in their activity by 5.9% to 6.7 billion euros.

However, the bank has had to bear the “extraordinary impact” associated with tightening before European Central Bank The terms of the old giant loans granted to banks, estimated at 400 million euros. The “global adjustment costs” of consumer credit activity also weighed €236 million on the accounts of BNP Paribas. To meet these challenges, The bank decided to cut more than 900 jobs In the consumer credit sector and refocus on Europe.

No. Today ➡ 47.2 billion euros | stellants recorded a 14% increase in revenues in the first quarter of 2023, amounting to 47.2 billion euros. group that has it 14 brands including Fiat and Chrysler And PeugeotIt managed to improve its supply of semiconductors and increase its prices to achieve these results. In total, 1.47 million vehicles were sold In the first quarter, an increase of 7% over the previous year.


Electric car sales Also by 22%. Despite this encouraging performance, the group lost market share compared to the first quarter of 2022. However, Stellantis planned to launch Nine new electric models This year, with a goal 47 100% electric models by the end of 2024. The group maintains its leading position in South America, while its activities in Africa and the Middle East recorded an increase of 55%. Stellantis’ goals for 2023 include a double-digit operating margin.

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