BNP’s Bonuses Rose 14% in 2012 as Capital-Market Profit Gained
BNP Paribas SA, France’s largest bank, increased its bonus pool by 14 percent last year after profit from the capital-markets business rose.
BNP Paribas paid 559 million euros ($729 million) in bonuses to 3,252 employees in 2012, mostly to professionals at its corporate and investment bank, the Paris-based company said in a report on its website. The cash bonus pool was 188 million euros, 41 percent higher than a year earlier, according to data on the website.
Operating profit at BNP’s advisory and capital-market business, home of its trading activity, rose 18 percent in 2012 from a year before, the firm reiterated. The total bonus pool for 2012 remains 45 percent below its 2010 level, the bank said.
The average 2012 bonus for BNP’s corporate- and investment-banking professionals, whose activity can have an impact on the company’s “risk profile,” was about 166,800 euros, compared with 136,000 euros a year earlier, according to calculations based on the lender’s data.