Less profit for the largest bank in the country of BNP Paribas Fortis

The figures that BNP Paribas Fortis publishes do not only hit the banking activities. They also include banking activities in Luxembourg and Turkey. The figures from car leasing daughter Arval are also in the results.

It is, among other things, to Arval that BNP Paribas Fortis refers for the decrease in net profit. The standardization of prices for second -hand cars compared to the exceptional high prices in previous years weighed on the figures.

The daughter of the French bank giant BNP Paribas also quotes other “headwind”, such as loss of income by the Belgian state voucher or the end of the compensation for compulsory reserves. Without all that headwind, according to the group, the Nettobank results of BNP Paribas Fortis would have risen in 2024.

It is proposed not to pay out a dividend.