Pre-tax income
24/03/2011
(in millions of Euros)
Pre-tax net profit was 476 million euros, a decline of 41%, reflecting a complex economic environment and impairment charges on Greek bonds representing a 75% haircut on book value, impacting subsidiaries AG Insurance in Belgium and BNL Vita in Italy in particular. Excluding these factors, the operating performance of BNP Paribas Cardif stable compared with 2010 as Gross operating income reached 716 million euros.
