Bespoke structures boost BNP Paribas’ 2010 results

Tailormade bolsters profits

Equity and advisory revenues at BNP Paribas rose by 15.7% "despite the high cost of hedging customer positions in the second quarter of the year against a backdrop of feverish markets", according to the French bank.

The bank's equity and advisory revenues were €2.22 billion, with bespoke structured products playing a big part in the improved results. The bespoke business has thrived, especially with BNP's larger European clients. The structured products created have been designed to limit volati