BNP Paribas Italy News & Press Release
April 29, 2013 -

In 2012, Cardif in Italy grows and proceeds its diversification process

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Cardif in Italy, unit of BNP Paribas Cardif, the insurance arm of BNP Paribas which develops savings and protection products and services, recorded in 2012 a 6.9% increase of net banking income to 157.7 million euros, despite the 7.4% decline of Gross Written Premiums.
The gross operating income of the Company at the end of 2012 amounts to 88.9 million euros, an increasing performance compared to previous year GOI of 87.6 million euros.

It is a very significant result, with whom Cardif confirms its leadership in the bancassurance market, thanks to investments on innovation and product diversification, aimed at responding in a more transparent way to new insurance customers’ needs.

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