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Slow start for BNP Paribas’ business lending scheme

The asset manager’s target of lending €1bn a year looks a long way off

Slow start for BNP Paribas’ business lending scheme
Photo: Ben Phillips

French asset management group BNP Paribas Asset Management has made a slower than expected start to life as a small-business lender.

The company’s stated aim is to reach €1bn of lending a year across Europe, but so far it has lent between £20m and £30m.

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