Euromoney Awards for excellence 2006
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| BEST BANK: BNP Paribas BEST INVESTMENT BANK: Deutsche Bank BEST DEBT HOUSE: Barclays Capital BEST EQUITY HOUSE: Credit Suisse BEST M&A HOUSE: Lehman Brothers BEST AT CASH MANAGEMENT: Citigroup BEST AT INVESTOR SERVICES: ABN Amro Mellon BEST AT PROJECT FINANCE: Royal Bank of Scotland BEST AT RISK MANAGEMENT: BNP Paribas |
BNP Paribas’ €9 billion acquisition of Italy’s Banca Nationale del Lavoro in February 2006 transformed the bank into one of the few in Europe to have a meaningful grip on two sizeable national markets. BNP Paribas is well on track to make significant cost savings from integrating the two banks’ operations.
At the end of the first quarter of 2006 BNP Paribas reported pre-tax income up between 30% and 50% across all its business lines.