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BNP Paribas’s investment bank fuels 16% jump in fourth quarter profit

Investment Banking Editor

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A surge in trading revenue at BNP Paribas in the final quarter of the year helped the French lender post a 16% overall profit gain.

The French bank’s chief executive Jean-Laurent Bonnafé said that BNP Paribas’s investment bank was a “powerful growth engine that continues to gain market share” as its trading division posted a 32.4% in the final three months of the year.

The French lender has been hiring for its investment bank in recent months as it looks to gain ground on US rivals

Paul Clarke

Finance

Banking

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