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| BNP Paribas’ CIB profit in 2010 |
Waiting to question Baudoin Prot, chief executive of BNP Paribas, on the bank’s 2010 earnings call in February, the analyst had clearly been getting frustrated, though not with the results themselves.
“You have gained market share in CIB during the crisis: it’s very important. No other European bank except Barclays did the same. However it’s buried on slide 36. It’s one of your major growth drivers, probably, going forward. You’re investing a lot of money but somehow you get the feeling it doesn’t get the priority it should have.”
Prot assured the questioner of the importance of the commercial and investment bank that accounts for roughly one-third of the group’s capital and earnings.
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