BNP Paribas sur­passes ri­vals

New Straits Times - - Business -

PARIS: BNP Paribas SA posted trad­ing rev­enue that trounced its Euro­pean ri­vals, help­ing to drive a sur­prise in­crease in first-quar­ter profit. Rev­enue at the global-mar­kets di­vi­sion climbed 33 per cent from a year ear­lier to €1.75 bil­lion (RM8.19 bil­lion), said the bank. Net in­come rose 4.4 per cent to €1.89 bil­lion, top­ping the €1.5 bil­lion av­er­age es­ti­mate of six an­a­lysts. Chief ex­ec­u­tive of­fi­cer Jean-Lau­rent Bon­nafe is one of few Euro­pean bank­ing bosses tar­get­ing growth from his trad­ing busi­ness.

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