BNP Paribas outstrips rivals in Covid-19 lending
20 July 2020 - 18:03
Paris — When the Covid-19 crisis struck Europe, companies turned to one bank more than any other to arrange emergency loans: BNP Paribas.
The French lender took advantage of internal restructurings at European rivals, at a time when US banks were preoccupied with rescues at home. It expanded its balance sheet by 23% to €2.7-trillion in the first quarter, extending multibillion sums to the likes of energy giant BP and automaker Daimler...
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