BNPP trumpets DCM leadership but divi ban hits hard

BNPParibas_PA_575x375_5May2020
By Jasper Cox
05 May 2020

BNP Paribas blamed European authorities’ restrictions on 2019 dividend payments for losing it €184m in its equities business, when it released its first quarter results on Tuesday. However, in debt capital markets and fixed income, currencies and commodities (FICC) it was a more positive picture, as the bank took advantage of a surge in debt origination and electronic trading.

Revenues from corporate and institutional banking (CIB)  were roughly flat, down by 1.9% to €2.95bn compared with the first quarter of 2019, although constituent parts performed in a divergent manner.

Proceeds from the capital markets platform jumped by 24%, although the bank did not give the actual revenue ...

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