BNP Seeks Annual Revenue Growth Above 6% at Investment Bank
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BNP Paribas SA, France’s biggest bank, is seeking a rebound at its corporate and investment bank as it sets out three-year growth plans amid signs Europe’s economy is recovering.
BNP Paribas said it’s targeting annual revenue growth of more than 6 percent at the division through 2016, from 8.7 billion euros last year, the lowest since 2008. The Paris-based bank, which trimmed risk-weighted assets during the 2011-2012 sovereign-debt crisis, now eyes a “moderate increase,” it said in an investor presentation.