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BNP Paribas Posts Hefty Loss In Q2 On U.S. Settlement - Quick Facts

French lender BNP Paribas (BNPQY.PK, BNP.L) Thursday said net losses attributable to equity holders came to 4.317 billion euros, compared to net income of 1.765 billion euros in the second quarter 2013.

The firm said its results this quarter include the impact of the comprehensive settlement with the U.S. authorities regarding the review of certain US dollar transactions, which includes among other things the payment by BNP Paribas of a total amount of 8.97 billion U.S. dollars in penalties.

The Group booked this quarter a one-off charge for a total amount of 5.950 billion euros.

Excluding the impact of the one-off items, net income attributable to equity holders totaled 1.924 billion euros, up 23.2 percent compared to the same period last year.

Revenues amounted to 9.568 billion euros, down 2.3 percent from the second quarter 2013.

by RTTNews Staff Writer

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