BNP Paribas Q1 earnings down 45 pct

PARIS Fri May 3, 2013 1:07am EDT

Related Topics

PARIS May 3 (Reuters) - French bank BNP Paribas reported a 45 percent fall in first-quarter net income on Friday and pledged to keep cutting costs and staff amid a lackluster economic environment.

France's No. 1 listed bank said quarterly earnings fell to 1.58 billion euros ($2.07 billion) from 2.87 billion in the year-ago period, when profits were boosted by the sale of part of its stake in real-estate subsidiary Klepierre.

The profit figure slightly beat analysts' expectations of 1.53 billion euros, according to an average of analysts' forecasts compiled by Thomson Reuters I/B/E/S.

($1 = 0.7649 euros) (Reporting by Lionel Laurent, editing by Astrid Wendlandt)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article