The bank had already set aside 502 million euros for potential loan losses earlier this year.BNP Paribas
However, the results beat expectations as analysts had forecast 1.48 billion euros in net income, according to data collected by Refinitiv. At the end of the first quarter, the bank had set aside 502 million euros for potential loan losses as a result of the ongoing pandemic. And it has now added another 329 million euros to that total.Revenues were up by 4% from a year ago at 11.7 billion euros.The CET 1 ratio rose to 12.4%, from 11.9% last year.
"CIB raised over 160 billion euros in the second quarter on the global syndicated loan, bond and equity markets on behalf of its clients," BNP said in a statement.
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