BNP Paribas's fourth-quarter net profit missed expectations on Thursday as several charges dragged on otherwise strong retail operations and resilient investment banking, but France's largest bank by market capitalisation said it will be able to extract more synergies from the integration of Belgium's Fortis.

In the fourth-quarter ended December 31, 2010, net profit rose 14% to €1.55 bn from €1.36bn, missing analyst expectations of €1.7bn, while revenue totalled €10.32bn, up 2.6% compared with the same period in 2009.