logo
Share SHARE
FONT-SIZE Plus   Neg

BNP Paribas Targets More Than 6.5% Growth In Net Income Per Year Till 2020

BNP Paribas said it plans to generate an average increase in net income of 6.5 percent a year until 2020. Revenue for 2020 is expected to increase by more than 0.5 percent. Cost and income are expected to decline by 3 points.

The company projects low interest rates and MIFID 2 headwinds in 2017 and 2018. Transformation costs for 2017- 2019 is expected to be 0.8 billion euros.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Kingfisher Plc were declining around 7 percent in the morning trading in London after the home improvement retailer reported Wednesday weak sales in its first quarter on a constant currency and like-for-like basis amid continued weaker sales in France. On a reported basis, sales increased from last year. Shares of U.S. grains trader Bunge Ltd. climbed around 17 percent on Tuesday after the Swiss mining giant Glencore Plc confirmed that its agriculture joint venture has made an informal takeover approach. Bunge, meanwhile, said its not engaged in business combination talks with Glencore or its JV Glencore Agriculture Limited. A United Airlines flight from Shanghai to New Jersey was delayed for hours as an unruly passenger refused to vacate the seat of another passenger while boarding the aircraft in Shanghai. The flight was also forced to make an unscheduled stop at San Francisco International Airport to get a replacement crew after delays caused by the passenger.
comments powered by Disqus
Follow RTT