BNP Paribas Profit Rises 31% as Loan Provisions Fall
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BNP Paribas SA, France’s biggest bank, said second-quarter profit rose 31 percent as bad-loan provisions dropped to the lowest level since before Lehman Brothers Holdings Inc.’s 2008 bankruptcy.
BNP Paribas climbed 5.3 percent in Paris trading after saying net income rose to 2.11 billion euros ($2.76 billion), topping the 1.61 billion-euro estimate of analysts surveyed by Bloomberg.