French bank BNP Paribas said Wednesday second quarter net profit slipped, hurt by new provisions set aside against bad loans in Italy and restructuring costs.

The Paris lender, Europe's third-largest listed bank by assets, said net profit fell 5% to €1.76 billion ($2.33 billion) in the three months through June, from €1.85 billion a year earlier, above analysts forecasts of €1.51 billion.