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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 RTTNews Staff Writer

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