BNPP profits fall 40% in investment bank
BNP Paribas this week posted an 8% decline in revenues in the second quarter compared to the same period in 2011, with pre-tax profits falling 9% to just under €3bn. But the bank hailed the result as evidence of its resilience, with CEO Jean-Laurent Bonnafé attributing this to what he called the bank’s "balanced and diversified business model".
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts