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BNP Paribas mulls restructuring of consumer finance unit - Bloomberg News

Reuters · 01/06/2023 10:06
BNP Paribas mulls restructuring of consumer finance unit - Bloomberg News

- French lender BNP Paribas SA BNPP.PA is considering an overhaul of its consumer finance unit, Bloomberg News reported on Friday, citing people familiar with the plans.

The company is exploring ways to improve returns at the unit given profitability is expected to decrease into this year, according to the report.

The lender could decide to sell portions of the division or start running down some of its loan books, Bloomberg News said.

BNP Paribas did immediately respond to a Reuters request for comment.


(Reporting by Jyoti Narayan in Bengaluru; Editing by Shounak Dasgupta)

((Jyoti.Narayan@thomsonreuters.com))