BNP Paribas Profits across Prime and Securities Services

BNP Paribas saw a strong second quarter in its securities services and prime services units off the back of new business wins.

Revenues from the Securities Services unit increased by 14.4% to €476 million year on year, as a result of increased business in custody, in which assets under custody increased 17.8% to €8.1 trillion.

Meanwhile revenues from its Equity and Prime Services business hit €621 million, up 22.2% year on year, as a result of sustained volumes and strong demand for structured products, BNP Paribas says in its earnings release.