© Mike Elsen / RTL
Despite a difficult year marked by high inflation and interest rates, the BGL BNP Paribas reported net profits of €408 million in 2022, an increase of 4% compared to 2021.
€253 million in dividends will be paid out in 2023, of which €86 million will go to the Luxembourg state, which owns over a third of the shares in the bank.
The board presented its figures on Thursday.
Inflation and interest rates will continue at least until the summer, the head of the BGL and member of the board, Yves Nosbusch, said.
The BGL predicts that the European Central Bank (ECB) will raise the interest rate twice by 0.25 percentage points in the coming months. After that, interest rates should stabilise.
As far as real estate prices are concerned, the BGL remains cautious. In recent months there has been a global 40% decline in real estate loans.
The bank employs 2,150 people.
© Mike Elsen / RTL
