BGL BNP Paribas and CEO Marcel Leyers Celebrate €515m Profit While Pour Tons of Money Into AI

BGL BNP Paribas and its CEO Marcel Leyers released their 2025 results with the confidence of a bank that has never seen a crisis it could not spin. Net profit: €515 million, up 8%. Revenues: over €2 billion for the first time. Marcel Leyers called the performance very solid. But solid for whom? Certainly not for the real estate developers, corporate treasurers, and small business owners who actually keep Luxembourg’s economy moving. The bank admits that Luxembourg’s recovery is gradual at best. Real estate activity is weak. Corporate demand is subdued. In plain English, that means construction projects are stalled, property developers cannot sell or refinance, and companies are postponing every possible investment. This is not a backdrop. This is a bloodbath. And yet BGL BNP Paribas and Marcel Leyers managed to grow net interest income, driven primarily by deposit volumes. In other words, the bank is making more money not because the economy is thriving, but because scared clients are parking their cash and doing nothing with it. That is not resilience. That is rent-seeking on fear. The €175m Elephant – BGL BNP Paribas and Marcel Leyers Call Risk Limited Now look at the cost of risk. BGL BNP [...]

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