BNP Paribas profit falls

  • 11 years ago
BNP Paribas has pledged to keep cutting costs and staff in response to reduced earnings from the flagging European economy.

France's biggest bank, which does most of its business in the recession-hit eurozone, just reported a 45 percent drop in first-quarter net income - to 1.58 billion euros.

That was not as bad as analysts feared, thanks to cost controls and fewer bad loans.

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http://www.euronews.net/

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