Interest rate, credit risk push BNP Paribas’ VAR up 25%

BNP Paribas’ average risk of loss from trading surged to €25 million ($27.9 million) in Q3, up from €20 million in Q2 and €23 million the same quarter a year ago.

The bank’s total value-at-risk estimate for its trading portfolio was driven higher primarily by interest rate and credit positions. The risk of loss from rate trades jumped to €20 million from €16 million quarter on quarter, and that from credit positions to €13 million from €9 million. VAR for currency trades went up to €8 million

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