BNP 1Q Net Profit Rises on Lower Loan-Loss Provisions
BNP Paribas SA, France’s largest bank, posted a surprise increase in first-quarter profit as a decline in provisions for bad loans helped outweigh a slump in trading revenue. Net income rose 10 percent to 1.81 billion euros ($2.1 billion) from 1.65 billion euros a year earlier, the Paris-based bank said in a statement Tuesday. Bloomberg's Caroline Connan spoke to the bank's Chief Financial Officer Lars Machenil about the numbers.
Most Recent Videos
Former GM CEO Says He Would Have Loved to Buy Jeep Brand
06:10 - Dan Akerson, former chairman and chief executive officer at General Motors, discusses the Jeep brand and outlook for Fiat Chrysler. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas." (Source: Bloomberg)