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BNP Paribas reports 21% drop in Q1 profit

BNP Paribas Group has reported a net profit of E1.98 billion for the first quarter of 2008, down 21% from the net profit posted during the comparable quarter of 2007.

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BNP Paribas: 21% Profit Decline

BNP Paribas, France's largest bank, reported a 21% drop in first-quarter profit, sales fell 10% leading to $750 million of asset writedowns at the investment bank.

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BNP Paribas, ING feel less heat than Europe bank rivals

French bank BNP Paribas and Dutch bank and insurance group ING reported lower first-quarter profit Tuesday, though their results were still well received by investors as the credit crisis bit less deeply than at some peers.

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BNP Paribas profit tumbles 21%

PARIS, France (AP) -- French bank BNP Paribas said Wednesday its first-quarter net profit declined by 21 percent but again posted far lower crisis-related losses than some if its competitors.The Paris-based bank said net profit for the quarter fell to €1.98 billion ($3.06 billion) from €2.51 billion in the same quarter a year earlier, comfortably beating analyst expectations of €1.63 billion....

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BNP Paribas and ING report lower profit, but shares rise

French bank BNP Paribas and Dutch bank and insurance group ING reported lower first-quarter profit Tuesday as the credit crisis continued to bite, though both results were well received by investors.

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BNP Paribas posts lower losses than rivals

Read full story for latest details.

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BNP Paribas discounts idea of merger with Société Générale

The BNP chief executive, Baudouin Prot, said that BNP was not influenced by management changes at its rival.

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BANKING: BNP Paribas results are down but better than forecast

French bank BNP Paribas posted results that were not as bad as expected on Wednesday, with profit falling by 21%. The bank considers itself among the major banks that have held up best to the US subprime home loan crisis.

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BNP Paribas profit falls 21%

The French bank said Wednesday that "violent" market conditions led to asset write-downs and increased provisions for risky loans.

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BNP Paribas profits down first quarter

French bank BNP Paribas on Wednesday announced a 21 percent drop in profits over the same period in 2007, but which was nevertheless better than expected. The 1.981 billion……Read more

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BNP Paribas net drops 21% but tops expectations

PARIS (MarketWatch) -- BNP Paribas SA Wednesday posted a 21% decline in first-quarter net profit, but again posted far lower losses related to the crisis than some if its competitors. The Paris-based bank said net profit for the quarter fell to EUR1.98 billion from EUR2.51 billion in the same quarter a year earlier, comfortably beating analyst expectations of EUR1.63 billion. BNP Paribas...

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BNP Paribas Q1 net profit falls 21 percent

PARIS (Reuters) - BNP Paribas , France's biggest listed bank, posted a 21 percent fall in first-quarter net profit on Wednesday although the figure came in above the consensus forecast.

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BNP Paribas hit by investment banking woes

BNP Paribas, France's biggest listed bank, posted a 21 per cent fall in first-quarter net profit although the figure came in above the consensus forecast.

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BNP Paribas Q1 operating costs up 0.4% vs year earlier

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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Video Q&A: BNP Paribas CEO Baudouin Prot Comments on 2008 Q1 Earnings

PARIS--(BUSINESS WIRE)--BNP Paribas, one of Europe’s largest banks, reports 2008 first-quarter earnings. CEO Baudouin Prot comments on earnings and outlook.

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Premium Company Profile: BNP Paribas Group

Introduction BNP Paribas (BNP or 'the group') is one of Europe's largest banks. The group has a well established retail banking network in France and has operations in 85 countries. Apart from retail banking, BNP also specializes in corporate and investment banking, and asset management. This profile offers a comprehensive review of the group's operations and performance. Scope of this report Contains...