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19/2/2009
BNP Paribas : results as at 31 december 2008
On 18 February 2009, the Board of Directors of BNP Paribas, in a meeting chaired by Michel Pébereau, examined the Group’s results for the fourth quarter 2008, and approved the accounts for the 2008 fiscal year.
THE CAPACITY TO GENERATE PROFITS MAINTAINED IN 2008 DESPITE THE CRISIS
In 2008, in the context of an unprecedented financial crisis, the Group’s revenues totalled 27,376 million euros, a limited drop (-11.8% compared to 2007) due to the good resilience of Retail Banking and AMS.
Thanks to cost-cutting measures in all the business units and a substantial reduction in bonuses, operating expenses were contained at 18,400 million euros (-1.9% compared to 2007).
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