BNP Paribas’ Equipment Solutions division, which includes BNP
Paribas Lease Group, has reported strong results in the third
quarter.
Indeed, the division saw revenues grow by 6.6 percent
year-on-year in Q3 to €292 million, or by 12.7 percent compared to
Q2, which the lessor attributed to rebound in the prices of used
vehicles, particularly in the UK.
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The result was that gross operating income jumped by 40 percent
compared to the previous quarter, or nearly 20 percent
year-on-year, to €113 million.
Pre-tax income reached €55 million in Q3, significantly higher
than the €35 million achieved in Q2, and helping to boost the
lessor’s income for the first nine months of 2009 to €74
million.
Meanwhile, the division’s total outstandings were €28.1 billion
at the end of September, down by nearly 7 percent compared to the
same time last year.
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