The BNP Paribas group has reported a decline in the share of its assets invested in structured products during the course of last year, according to the 2012 year-end results released by the firm today.
According to its financial statement, as at the end of 2011, the French banking group had 13% of its total assets invested in its "alternative, structured and index-based" asset class, representing around €52bn of assets under investment.
This proportion had fallen to 11% as at the end of 2012, or around €44bn of assets under investment in structured products and related investments.
SRP data shows that sales of BNP Paribas structured products in France through its own retail network fell very sharply during the course of 2012, from €1,066m in 2011 down to €597m in 2012.
Overall, BNP Paribas posted revenues of €39bn in 2012 (down 7.8% on 2011).