Bloomberg News

BNP Paribas Plans ‘No’ Capital Increase, CEO Bonnafe Says

February 15, 2012

Feb. 15 (Bloomberg) -- BNP Paribas SA has “no” plans for a capital increase after it reached European Banking Authority’s requirements six months in advance, Chief Executive Officer Jean-Laurent Bonnafe said.

BNP Paribas complied with EBA’s mid-2012 capital goals “quite swiftly,” Bonnafe said in an interview with Bloomberg Television today. The CEO also reiterated that the Paris-based lender will respect Basel III “fully loaded” capital rules by the end of 2012.

To contact the editor responsible for this story: Fabio Benedetti-Valentini at fabiobv@bloomberg.net


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