Sees FY net profit above 2023 level (Il Sole 24 Ore Radiocor) - Paris, 25 Apr - The French bank BNP Paribas said that in the first quarter net profit fell to 3.103 billion euros from 3.173 billion, on a distributable basis, a year earlier as revenue slipped 0.4% to 12.483 billion.

As of March 31, the common equity Tier 1 ratio stood at 13.1%.

"BNP Paribas continues to demonstrate its ability to generate value and confirms its 2024 trajectory, with revenue growth expected to surpass 2% compared to 2023 and net income above the 2023 distributable result. We continue to focus on expanding our market shares, supporting our clients, and rolling out our strategic initiatives. BNP Paribas is well positioned for the new phase of the economic cycle," said the CEO, Jean-Laurent Bonnafe.

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(RADIOCOR) 25-04-24 11:52:14 (0326) 5 NNNN