BNP Paribas CFO Is ‘Comfortable’ With Credit Exposures
BNP Paribas SA Chief Financial Officer Lars Machenil comments on the lender’s exposure to private credit markets after its trading unit suffered a hit from souring debt in the third...
By Bloomberg · Bloomberg
BNP Paribas SA Chief Financial Officer Lars Machenil comments on the lender’s exposure to private credit markets after its trading unit suffered a hit from souring debt in the third quarter. Loan-loss provisions rose to €905 million ($1.05 billion), including €190 million at the global markets unit to account for “a specific credit situation,” the bank said in a statement Tuesday. Speaking on Bloomberg Television, Machenil also comments on a recent court ruling which linked the lender to human r