More customers, more deposits, more financed apartments
The BGL BNP Paribas is happy. « Very good business development in all business areas, » she was able to announce on Thursday when submitting the 2024 record. The net anchor result rose five percent to 1.94 billion euros. The business with private individuals and corporate customers grew by six percent.
However, the average loan volume went back two percent compared to the previous year, while the lending increase by a total of six percent. As part of the initiative of the Luxembourg bank sector to promote residential property, BGL BNP Paribas provided an extraordinary amount of a total of 100 million euros for a year to finance the building of around 350 apartments. « Thanks to the financing granted within the framework of this facility, around 158 apartments were built in 2024, » said the bank.
The asset management recorded nine percent more deposits. The leasing business also went well, but the risk costs in connection with the deterioration of the business environment in most European countries rose.
Higher profit and new company headquarters
The balance sheet total of the money house has remained almost the same at 63.1 billion euros. The net result has increased by nine percent to 477.9 million euros, although the income of 181.2 million euros for the sale of the previous company headquarters in Kirchberg is not included. In the course of 2025, the employees will move to the new company headquarters on the Kirchberg, whose completion is almost completed. In addition, the bank opened two satellite offices near France and Belgium in Bettemburg and Windhof in order to reduce the stress on the street and rail as well as the travel times. » The satellite office on the Belgian border doubled its capacities in 2024.
The bank is increasingly relying on digitization: 63 percent of the products for private customers are now available online. In order to support business customers, entrepreneurs and small companies, the bank also created five specialized consulting centers. Béatrice Belorgey, chair of the Executive Committee from BGL BNP Paribas and Country Head of the BNP Paribas Group in Luxembourg, noted: « We are now on the home stretch at our strategy plan, and a large part of the transformation goals around the three pillars Growth, Technology, Sustainability could already be reached in the first three years. »
