BNP Paribas reported 26% jump in annual net profit

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In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This piece by CNBC reports that BNP Paribas’ net income reached 2.9 billion euros ($3.44 billion) over the three-month period ending June. Read on.

BNP Paribas reported Friday a 26% annual jump in net profit for the second quarter of this year, beating market expectations.

The French bank said that net income reached 2.9 billion euros ($3.44 billion) over the three-month period ending June. In comparison, analysts had pointed to a 2.24 billion euro net income, according to Refinitiv.

BNP Paribas said that the latest results benefited from a rebound in business activity, as economies relaxed some Covid-19 lockdown measures.”

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