BNP Paribas has announced increases across the board in its securities services business for 2015, including a 30 percent increase in assets under administration.
In Q4 2015, securities services revenues reached €436 million, 12.4 percent more than revenues from Q4 2014, which reached €338 million. This is however, a 2.5 percent dip compared to Q3 2015’s revenues, which reached €447 million.
For the full year 2015, securities services revenues reached €1.8 billion, an increase of 14.1 percent over 2014, which saw revenues of €1.6 billion.
These increases have been attributed to generally good business drive, including increases in assets under custody and transaction volumes, driven by new mandates.
Assets under custody increased 9.1 percent from €7.4 trillion at the end of 2014 to €8.1 trillion at the end of 2015. The total at the end of Q4 2015 also represents a 2 percent increase compared to Q3 2015, which registered assets under custody of €7.9 trillion.
Assets under administration saw a significant increase of 30.3 percent, jumping from €1.4 trillion at the end of 2014 to €1.8 trillion at the end of 2015.
This is also an 8.2 percent increase compared to the end of Q3 2015, which ended on a total assets under administration of €1.7 trillion.
The number of transactions registered in Q4 2015 totalled 18.9 million, a 12.6 percent increase compared to Q4 2014, which totalled 16.8 million, and 5.7 percent more than Q3 2015, which saw 17.9 million transactions processed.
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