Finance

BNP Paribas Adds Provisions for ‘Specific’ Credit Issue

WATCH: CFO Lars Machenil comments on BNP Paribas’ exposure to private credit markets and the recent court ruling linking the lender to human rights abuses in Sudan.Source: Bloomberg

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By Claudia Cohen

October 28, 2025 at 6:04 AM UTC

Updated on

October 28, 2025 at 8:03 AM UTC

BNP Paribas SA said its trading unit suffered a hit from souring debt in the third quarter, adding to challenges for Chief Executive Officer Jean-Laurent Bonnafe after a string of recent setbacks.

Loan-loss provisions rose to €905 million ($1.05 billion), including €190 million at the global markets unit to account for “a specific credit situation,” the bank said in a statement Tuesday. Chief Financial Officer Lars Machenil suggested the hit isn’t linked to the recent implosions of Tricolor Holdings and First Brands Group in the US.