French lender BNP Paribas has today posted fourth-quarter net income that beat analysts' estimates on lower pandemic-related provisions.
The bank also said it expected net profit to grow by more than 7% each year on average from 2022 to 2025.
Unveiling a new strategic roadmap to 2025, the euro zone's biggest listed bank also said in a statement it expected revenue to grow on average by 3.5% annually over the period.
In its corporate and investment banking division, the lender targets an annual rise of almost 3% on average from 2022 to 2025.
In the fourth quarter of last year, BNP Paribas posted a 44.9% rise in net income from a year ago to €2.31 billion, beating a mean forecast for €2.03 billion in a poll of analysts compiled by Refinitiv.
Revenue was up 3.7% at €11.23 billion, slightly below the €11.37 billion expected by analysts.
BNP Paribas said in December it had agreed to sell its US unit Bank of the West to Canada's BMO Financial Group for around $16.3 billion.
