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BNP Paribas reports first-quarter earnings meet expectations despite net income decline.
BNP Paribas, Europe's largest bank by assets, reported first-quarter earnings that met expectations, with a 4.9% decline in net income to €2.95 billion.
The bank's pre-tax income increased across its three main divisions, driven by a 12.5% rise in sales from its corporate and institutional banking unit.
CEO Jean-Laurent Bonnafe remains optimistic about meeting the bank's 2024-2026 growth targets, despite a sluggish performance in its retail and car-leasing divisions.
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BNP Paribas informa que las ganancias del primer trimestre cumplen con las expectativas a pesar del descenso de los ingresos netos.