Earnings from corporate and investment banking at BNP Paribas in the first nine months of this year rose 16% over the same period last year due to growth in advisory and capital markets businesses and equity derivatives.

In the first three quarters of this year net banking income from corporate and investment banking was €4.49bn ($5.14bn), compared with €3.87bn during the first nine months of 2002. In the third quarter to the end of September, these revenues were €1.39bn, up almost 13% over the same period last year, but down 10% on the previous quarter.