BNP Paribas’ Profits Jump, To Lift Payout Target
BNP Paribas reported a jump in its annual 2021 profits by 34.3% to €9.5bn ($10.9bn). The group’s revenues rose 4.4% to €46.2bn ($52.8bn). Profits were helped by its cost of risk falling 49% through the year to €2.9bn ($3.3bn) alongside a sharp 46% rise in...
DBS Ordered to Set Aside S$930mn in Further Regulatory Capital
The Monetary Authority of Singapore (MAS) imposed an additional regulatory capital requirement of S$930mn on DBS, asking them to apply a 1.5x multiplier to its risk-weighted assets (RWAs) for operational risk. Business Times reports that as per DBS’s results...
Macquarie Posts Record Quarterly Profit
Aussie lender Macquarie Group said that it reported record results driven by favorable market conditions and buoyed by a rapidly growing mortgage book. The group which does not disclose profit figures in quarterly updates, said that net profit contribution from its...
ING Reports Soft Results on Increased Provisions
ING Groep reported its Q4 2021 results with a 27% rise in pretax profits to €1.33bn ($1.5bn), missing forecasts of a €1.47bn ($1.7bn) number. The miss was on account of higher-than-expected provisions. Provisions rose to €356mn ($409mn) from €208mn ($238mn) during the...
