BNP Paribas' profits from advisory and capital markets business in the second quarter rose over 75% to €430m ($550m) from the same period last year, as pre-tax corporate and investment banking revenues rose more than a fifth to €1.9bn.

Profit growth in the corporate and investment bank was offset by higher compensation costs, which the French bank put down to strong results in "market-related businesses", as well as nearly a 10% drop in revenues from its lending businesses.