BNP Paribas rakes in record 7.8 bln euros in 2007

30th January 2008, Comments 0 comments

French bank BNP Paribas tipped as a potential suitor for scandal-hit Societe Generale

   PARIS, January 30, 2008  - French bank BNP Paribas, tipped as a potential
suitor for scandal-hit Societe Generale, declared Wednesday a record 7.8
billion euros (11.5 billion dollars) in estimated net profits for 2007.
   In a statement, the bank -- the country's largest in terms of market
capitalisation -- said it achieved its seven percent year-on-year increase
despite the subprime lending crisis in the United States.
   Fourth-quarter profits were put at around one billion euros, down 42
percent from the same period a year earlier amidst the turmoil in global
credit markets.

AFP 

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