On Thursday 30 April 2026, BNP Paribas published its first-quarter 2026 results, reporting a very strong performance of its Commercial & Personal Banking activities in Luxembourg (CPBL).
Revenues for the first quarter of 2026 reached €178 million, representing an increase of 13.2% versus the first quarter of 2025. BNP Paribas attributed the performance to a rise in net interest revenues ,which were sharply driven by solid volumes and reinvestment of non-remunerated sight deposits. Fees also decreased slightly during the quarter, due to a non-recurring impact, while financial fees continued to rise.
At €92m, operating expenses rose by 7.7%, driven by inflation and taxes. The jaws effect remained positive at 5.5 points.
Gross operating income rose sharply to €87m (+19.7% vs. 1Q25) and cost of risk stood at 39 basis points of customer loans outstanding, in connection with a single specific customer file.
As a result, after allocating one third of Private Banking net income to Wealth Management (IPS division), CPBL achieved pre-tax income of €71m (-0.3% vs. 1Q25).
