PARIS, Feb. 5 (Xinhua) -- French banking group BNP Parisbas said on Friday its net income in 2020, marked by the health crisis, dropped by 13.5 percent to 7,067 million euros (about 8,586 million U.S. dollars).
"The world is now experiencing a health crisis that is unprecedented in its extent and duration. It has tested us, as it has tested all components of our societies," commented Jean-Laurent Bonnafe, CEO of the group.
"All in all, revenues, at 44,275 million euros, were almost stable -- minus 0.7 percent, compared to 2019 at historical scope and exchange rates and rose by 1.3 percent at constant scope and exchange rates," said the group in its full-year report.
"Thanks to the successful digital and industrial transformation," the group's operating expenses, at 30,194 million euros, were down by 3.6 percent compared to 2019, but the cost of risk, at 5,717 million euros, rose by 2,514 million euros year-on-year.
BNP Paribas is a top-ranking bank in Europe with an international profile. It has almost 199,000 employees globally, including over 151,000 in Europe. Enditem
