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BNP Paribas wins record €22.3bn new business

The asset management division of French bank BNP Paribas benefited from record net inflows of €22.3bn ($28.5bn) during the first six months thanks to contributions from fund management, private banking and insurance.

Overall funds managed by the Asset Management and Services businesses increased by 18% from a year ago to €454bn. Net inflows for the same period last year totalled €17bn.

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