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BNP Paribas cuts 2025 profitability target after missing expectations

ECB's mandatory reserve rules drag on returns

BNP Paribas cuts 2025 profitability target after missing expectations
Photo: Jakub Porzycki/Getty Images

BNP Paribas cut its 2025 profitability target after fourth quarter net profit fell on higher costs and missed expectations.

The French bank, the largest in the eurozone by market capitalisation, said on 1 February that it now expects net profit to grow about 8% annually on average between 2022 and 2025, down from its previous target of more than 9%.

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