BNP Paribas has issued a second-quarter revenue warning two weeks before the scheduled publication of its results on August 1.

Citing "exceptional turbulences affecting the financial markets", the bank said that its net banking income would be approximately €4.1bn, a decline of 6% compared with the second quarter of 2001. Net income for the group should be about €1bn, a decrease of 13%, and gross operating income would be €1.4bn, or 16% below the same quarter last year.