The French banking group, led by CEO Jean-Laurent Bonnafé (pictured), reported a good level of activity in equity derivatives in the first quarter of 2021.
BNP Paribas posted revenues of €11.8 billion in the first quarter of 2021 – an increase of 8.6% compared to Q1 2020. In the operating divisions, revenues were up by seven percent, with corporate and institutional banking (CIB) reporting an increase of 24.3% from the prior year quarter. CIB had a good start to the year, in both equity issuance and debt. The division saw strong activity in rates, forex and credit markets, with a ‘very good level’ in equity derivatives and