Record inflows power BNP Paribas

The asset management division of French bank BNP Paribas today reported that profits for the third quarter rose 15.5% to €870m ($1bn) from the same period a year ago. The division includes the bank's securities services, private banking and insurance businesses.

Overall assets under management at the French bank are up 22.2% to €414.6bn in the first nine months of this year.

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