French bank BNP Paribas has seen its second-quarter profit grow, thanks to gains in its retail banking division offsetting declines in its investment banking operations. Net profit for the three months to July rose 31% from a year earlier to 2.1bn euros ($2.7bn; £1.75bn). Retail banking saw "huge revenue growth" driven by strong demand for mortgages, BNP said. But revenues at its investment banking division dropped 30%. BNP was one of 91 European banks to undergo EU stress tests last month, designed to assess banks' ability to withstand future financial crises. It and 83 others passed the tests.The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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