PARIS, July 1 France's biggest listed bank BNP
Paribas expects to book a charge of 5.8 billion euros
($7.91 billion) in the second quarter related to its settlement
of a U.S. criminal charge over sanctions violations.
BNP agreed to pay a total of $8.97 billion in relation to
violations of certain U.S. laws and regulations regarding
economic sanctions against certain countries and related record
"We deeply regret the past misconduct that led to this
settlement," Chief Executive Officer Laurent Bonnafe was quoted
as saying in the statement.
"Apart from the impact of the fine, BNP Paribas will once
again post solid results this quarter...The group remains
focused on implementing its 2014-2016 business development plan.
We confirm our ambition to meet the targets of this plan
announced in March this year".
The statement also said that the bank expects its core
equity tier one ratio at around 10 percent as of June 30, taking
into account an intention to adapt its dividend for 2014 to a
level equal to that of 2013 of 1.50 euros per share.
(Reporting by Maya Nikolaeva; Editing by Ingrid Melander and