BNP Paribas’ Equipment Solutions
division posted a significant rise in revenues in the first quarter
of 2010, standing at €357m, or 81.2% up compared to the first
quarter of 2009.

The company said that the “vigorous”
growth in revenues, combined with stable operating expenses over
the period, contributed to a gross operating income of €162m –
three times the level in the first quarter of 2009.

Risk cost was €65m, compared to €47m in
the same period in 2009.

Equipment Solutions encompasses BNP
Paribas Lease Group (BPLG), as well as IT equipment business Arius,
car and LCV management company Arval, and construction equipment
business Artegy.