BNP Paribas’ equipment solutions division
made a pre-tax loss of €16 million in the first quarter of 2009 –
representing a hefty fall compared to the €89 million pre-tax
profit it achieved in the same period last year. The division,
which includes BNP Paribas Lease Group as well as the Artegy, Arius
and Arval subsidiaries, saw revenues fall by just over 25 percent
year-on-year, to €212 million last quarter. This is a dip of 6
percent on the last quarter of 2008, where revenues had totalled
€225 million.
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