April 5, 2019 BGL BNP PARIBAS INVESTS IN DIGITAL SERVICES

BGL BNP Paribas posted a net profit of 338.9 million euros in 2018, against 365.8 million in the previous year, according to results presented Thursday.

The decline is 7.47% over one year. "There have been methodological changes in the consolidation calculations that bring a dozen subsidiaries into the perimeter. The decrease is limited to 4% if these impacts are ignored. This remains at a high level despite the low interest rate environment and the decline in stock markets, but also strong investments in customer services or the transformation of systems and processes, "says Carlo Lessel, chief financial officer of the bank .

The latter saw its net banking income increase by 1%, to 1.447 billion euros, with a favorable growth of average outstanding loans of 8% and those of deposits by 12% compared to 2017. Overheads increased from 683.5 million euros to 763.9 million euros, particularly in connection with the development of new digital solutions. Like "Genius" an intelligent assistant who formulates warning messages and recommendations and that was accepted by 29 000 of the 39 000 customers regularly using the application.

Geoffroy Bazin, chairman of the executive committee, announced another innovation with the arrival of Apple Pay by the summer. "We will be the first bank in Luxembourg to roll out this offer on the iPhone. It is the possibility to replace the credit card or the wallet in the businesses that accept the payment in contact ". Mathieu Yacon.