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Tag: BNP Paribas

BNP Paribas: Better than expected profits in the second quarter

BNP Paribas: Better than expected profits in the second quarter BNP Paribas: Better than expected profits in the second quarter

French bank BNP Paribas reported better-than-expected second-quarter earnings as provisions for bad loans eased and its investment banking unit flourished amid jittery markets. The largest French bank said net profit rose 9.1% to 3.18 billion euros on a year-on-year basis, while estimates called for a net profit of 2.70 billion euros. Revenue rose 8.5% to […]

BNP Paribas: Turkey’s economy is hanging by a thread

BNP Paribas: Turkey’s economy is hanging by a thread BNP Paribas: Better than expected profits in the second quarter

“Turkey’s economic situation continues to offer a stark contrast, with resilient growth on the one hand and soaring inflation, dwindling foreign exchange reserves and a devaluation of the lira on the other. In short, the reed is bending but not breaking,” BNP Paribas economists note. “In a previous edition, at the beginning of the year, […]

BNP Paribas: Greece’s prospects are encouraging – It is no longer the big fear in the eurozone

BNP Paribas: Greece’s prospects are encouraging – It is no longer the big fear in the eurozone BNP Paribas: Greece’s prospects are encouraging – It is no longer the big fear in the eurozone

Her Eleftherias Kourtalis Although inflation will hamper Greek GDP growth in 2022, however, the Greek economy has proven resilient so far, notes BNP Paribas. Unemployment is at its lowest rate since 2010 and GDP has rebounded strongly since the end of austerity measures in 2020. A recession is unlikely this year, especially as tourism prepares […]

BNP Paribas is interested in acquiring the Dutch ABN Amro

BNP Paribas is interested in acquiring the Dutch ABN Amro BNP Paribas is interested in acquiring the Dutch ABN Amro

French banking giant BNP Paribas has expressed interest in acquiring ABN Amro Bank, which has passed into the hands of the Dutch state after the global financial crisis, as reported by Bloomberg. According to people who asked the agency not to be named, as the information is confidential, the largest bank in France requested and […]

BNP Paribas’s first quarter earnings increased

BNP Paribas’s first quarter earnings increased BNP Paribas: Greece’s prospects are encouraging – It is no longer the big fear in the eurozone

BNP Paribas’s first quarter earnings increased, mainly due to the increase in trading revenues, while maintaining its long-term goals. The French bank’s net profit rose to 2.11 billion euros from 1.77 billion euros a year ago. Revenue stood at € 12.58 billion, up from € 11.19 billion a year ago, following the application of IFRS5 […]

BNP: Work-from-home agreement with 132,000 employees

BNP: Work-from-home agreement with 132,000 employees BNP Paribas: Better than expected profits in the second quarter

BNP Paribas SA has reached one of the largest work-from-home deals between the world’s largest banks, with more than 132,000 employees having the option to work from home for up to half a week, according to Bloomberg . Bank staff in 22 European countries will be able to decide whether to work from home every […]

BNP Paribas: Stops new activities in Russia

BNP Paribas: Stops new activities in Russia BNP Paribas: Better than expected profits in the second quarter

BNP Paribas will stop new operations in Russia, joining a growing list of European companies seeking to reduce their operations in the country after the invasion of Ukraine. The French bank has informed its corporate customers that its Russian subsidiary, BNP Paribas ZAO, will not be able to process their transactions from the end of […]

The results of BNP Paribas are better than the estimates

The results of BNP Paribas are better than the estimates The results of BNP Paribas are better than the estimates

French bank BNP Paribas reported net profit for the quarter that exceeded analysts’ estimates, thanks to lower forecasts for the pandemic, and added that it expects net profit to grow by more than 7% each year until 2025. Introducing a new strategic roadmap for 2025, the eurozone’s largest listed bank also said it expects revenue […]

BNP Paribas: Strike at its Italian subsidiary for the first time since the 1990s

BNP Paribas: Strike at its Italian subsidiary for the first time since the 1990s BNP Paribas: Strike at its Italian subsidiary for the first time since the 1990s

Workers at BNL, the Italian subsidiary of France’s BNP Paribas, went on strike for the first time since the 1990s, protesting back cuts in the back office and IT. Italian banking unions said the strike was a “great success”, adding that participation was strong. “The bank’s internal offices were completely dilapidated and closed, as were […]

BNP Paribas: Sells operations in the US for $ 16.3 billion

BNP Paribas: Sells operations in the US for $ 16.3 billion BNP Paribas: Strike at its Italian subsidiary for the first time since the 1990s

BNP Paribas has announced that it has agreed to sell Bank of the West to Bank of Montreal’s BMO Financial Group for a total of $ 16.3 billion. The sale represents all of BNP Paribas’s commercial and retail banking activities in the United States. About 70% of Bank of West deposits are in California. The […]