The Hindu Business Line : BNP Paribas India posts Rs 15 cr PAT

BNP Paribas India has posted profit after tax of Rs 14.76 crore for the year ended March 2005, compared with a net loss of Rs 13.07 crore for the year ended March 2004.

Net income increased 11.6 per cent to Rs 243.83 crore (Rs 218.46 crore). Deposits dropped to Rs 1,673.72 crore (Rs 1,737.11 crore), while advances were up at Rs 1,718.76 crore (Rs 1,314.90 crore).

Net interest income was atRs 85.60 crore (Rs 81.91 crore), while fee income touched Rs 67.61 crore (Rs 40.72 crore).

Net NPA ratio has been reduced to 0.58 per cent (2.7 per cent) and capital adequacy ratio stands at 9.41 per cent.

BNP Paribas group plans to inject extra capital of around $50 million during the current fiscal into its India operations, said a release.

The release also quotes Mr Frederic Amoudru, Chief Executive and Country Head, as saying that the bank has been able to capitalise on the growing economy and has returned to a modest profit for FY '05.

The bank arranged external commercial borrowings for its Indian clients to the tune of over $450 million during 2004-05, the release added.

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