BNP Paribas has been able to stay the course in the storm.
While the Covid-19 pandemic severely slowed down the global economy, the bank managed last year to limit (- 13.5%) the decline in its net income, releasing 7.07 billion euros in profits .
This is currently in sharp contrast to the first results published by its competitors in the Old Continent, such as Banco Santander, which suffered a loss of 8.77 billion euros, or Deutsche Bank (113 million of profits).
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BNP Paribas benefited from its very significant diversification both geographically and in terms of business lines, which is one of its main strengths.
This allowed it to stabilize its income (- 0.7% to 44.28 billion euros).
"Which is quite remarkable in the period we have just passed through"
, welcomes Jean-Laurent Bonnafé, CEO of BNP Paribas.
However, like all other institutions, the largest bank in the euro area suffered from
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