Net profit down by BNP Paribas, a French banking group that controls the Italian BNL. Despite the restructuring plan that Paris defines as "well underway", the figure fell in the first quarter by 44,8% to 1,584 billion, mainly due to the 20% collapse in the turnover of investment banking activities.
In any case, net income is better than expectations, which saw it falling further to 1,53 billion euro. The slightly better result is perhaps due precisely to the first effects of the recovery plan launched in February which envisages investments of 1,5 billion over three years to improve the service and simplify operations.
