The French bank reported a rise in net revenue for the final quarter and the full-year 2019 of 7.7% and 3.3% respectively, ending the year at €20.4 billion ($22.1 billion). It attributed the rise to strong commercial activity in all of its business lines, including ‘record net inflows’ in its asset management business, Amundi.
Assets under management (AUMs) in its asset gathering and insurance business reached €2.15 trillion at the end of 2019, up 14% compared to 2018, despite continuing uncertainty in the global environment. For Amundi, AUMs were 16% higher than in 2018, at €1.653 trillion on the back of strategic partnerships in China, with Bank of China, and in Spain with Banco Sabadell and Sabadell AM. For its corporate and investment banking business (CACIB), underlying sales were 6.5% higher in
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