BNP Paribas SA reported on Thursday that its fourth-quarter earnings rose 2.7%.

Earnings increased to €952 million ($1.24 billion) from €927 million last year. Operating earnings were up 11% to €1.8 billion from €1.63 billion.

Revenue rose 12% to €4.92 billion from €4.39. Retail revenue increased to €2.54 billion from €2.45 billion.
Revenue at the bank’s asset management division rose 39% to €900 million from €649 million.

The bank plans to increase its full-year dividend by 38% to €2.00.