Assets and loans up, profits down for BNP Paribas

Loans and household advances issued by the bank BGŻ BNP Paribas grew by 2.7 percent, y/y, the company stated. During the period January to October of 2016, there were 927,390 more loans to individual entrepreneurs and farmers than during the same time period in 2015. Approximately 42 percent of household loans were issued to mortgages. Total assets also increased by almost PLN 4 billion, totalling PLN 69.1 billion at the end of the third quarter. Net consolidated profits, however, decreased during Q3, y/y, stood at PLN 10.22 million in comparison with PLN 40.42 million during Q3, 2015. The company is listed on the Warsaw Stock Exchange, and on Thursday morning its shares were trading at PLN 57.18, an increase of 0.4 percent on the day.