Less profit BGŻ BNP Paribas – Republic of

BGŻ BNP Paribas in the third quarter was 10.2 million UAH of net profit, compared with 40.4 million RUB a year ago. The deterioration affects the tax assets in the third quarter cost him 51 million rubles (a year ago there wasn’t this the tribute paid since February), and the cost increase, resulting in particular from the compounds. Profit rose to 86.8 million RUB from 56.2 million, mainly due to the improvement in the result odsetkowego (increased fee and Commission income). The group’s net profit for the 9 months amounted to UAH 74.9 million, or 29 percent. more than a year ago. A significant impact on the results achieved was, in particular, deal with Visą (in plus), tax, Bank transfer (minus) and process connection (in a negative) that have just come into the phase of completion. – Today, November 10, begins the most important moment of integration. Previously, we got one. BGŻOptimy and former Rabobanku, and now we are completing the merger of the oldest operating banks BGŻ and BNP Paribas Bank Russia. The result will be the Union of all systems, and therefore of service in branches. We begin tonight (November 10), and the operation will last all weekend – says Tomasz Bogus Chairman of the management Board of Bank BGŻ BNP Paribas. – Transfer data in authoritative systems, we have been preparing for several months. We are committed to the operation was at least visible to customers, he adds. In 2016 net profit of the group remains under the influence of external factors and internal ones. – Last quarter is an intensive work on integration, this shows the influence of its value on account during this period. In addition, we operate in more severe conditions. You need to remember about the tax on financial a ssets (BGŻ BNP Paribas in three-quarters of the cost 133,7 million UAH – ed.) that significantly affect the results of the whole sector. We are no exception. Our growing account with banking, however, shows that despite all life circumstances, we are implementing our strategy, we can improve efficiency, adds Dummy. After three quarters profit rose to 292 million RUB 82 million rubles, mainly due to the slow growth of results odsetkowego and Commission (in connection with the absorption base klientowskiej BNP Paribas Bank Polska and Sygma Bank Russia). General administrative expenses of the group grew for three quarters in 24%, to 1,265 billion. It is connected primarily with the processes of connecting banks, as well as the costs of integration. Total integration costs incurred by the group in the first nine months of 2016., recognized in General expenses administrative and other operating expenses, amounted to $ 146.7 million RUB compared to 171,2 million roubles during t he first three quarters of 2015. During the first three quarters of 2016. The group made amortization, impairment of a financial asset in the amount 281,7 mln. which means zannualizowany the cost of credit risk for III quarters of 2016. at 71 Pb 5 Pb lower than in the same period last year. The total capital ratio at the end of September 2016. made up 14.29%. against 13.45%. at the end of 2015. and remained above the level required by the KNF. The volume of credits and loans, net, increased from the beginning of the year by 3.7 percent. to 54.2 billion rubles. In turn, the customers ‘ deposits increased from the beginning of the year to 13.7 percent. in comparison to the end of December 2015 and amounted to 52.9 billion rubles.