Structured products boost BNPP revenues

BNP Paribas has posted revenues of €11.4 billion in the third quarter of 2021, up by 4.7% year-on-year, and by 4.6% compared to Q3 2019. The group reported strong revenues in corporate and institutional banking (CIB), including growth in all three of its businesses: global markets, corporate banking and security services. Global markets’ revenues, at €1.7 billion, increased by 1.2% compared to the high third quarter of 2020 base and sharply by 33.3% compared to the third quarte