After the return of dividend payments, BNP Paribas announced on Friday a share buyback plan of 900 million euros. The group can afford it as it concluded the third quarter with a net profit of 2.5 billion euros.

A first in ten years for BNP Paribas: to celebrate with fanfare the return to normal activity, and as the health crisis is dissipating, the rue d’Antin bank has decided to celebrate its shareholders.

The group – which published Friday morning a net profit of 2.5 billion euros for the third quarter – announced a share buyback program of 900 million euros, already validated by the Central Bank European Union (ECB).

Ref: https://www.lesechos.fr