BNP Paribas surpasses rivals
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.