Investment Banking

BNP Paribas profit slips despite revenue growth

The French bank said revenue grew 4% to €11.58bn in the third quarter

BNP Paribas said expenses weighed on profit in the third quarter (Photo by Beata Zawrzel/NurPhoto via Getty Images)
BNP Paribas said expenses weighed on profit in the third quarter (Photo by Beata Zawrzel/NurPhoto via Getty Images) Photo: NurPhoto via Getty Images

BNP Paribas posted a fall in reported net profit in the third quarter despite revenue growth that exceeded analysts’ expectations, as expenses climbed.

The French lender said it made €2.66bn ($2.81bn) in quarterly net profit on 26 October, compared with €2.77bn in the prior year.

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