PARIS, July 31 French bank BNP Paribas
posted a smaller-than-expected 4.7 percent drop in
second-quarter earnings on Wednesday, as its drive to cut costs
and expand in relatively resilient markets like Germany got
The euro zone's biggest bank by market value said net income
fell to 1.76 billion euros ($2.33 billion) in the second quarter
from 1.85 billion in the year-ago period. Revenue fell 1.8
percent to 9.92 billion euros.
Analysts had been expecting a bigger drop in profit, to 1.51
billion euros, and in revenue, to 9.84 billion, according to the
average of forecasts compiled by Thomson Reuters.
($1 = 0.7547 euros)
(Reporting by Lionel Laurent; Editing by James Regan)