(Boursier.com) — BNP Paribas rose 2.4% to 61.4 euros, with investors welcoming the upward revision of its savings plan and the confirmation of a distribution rate of 60%, which should allow a return to shareholders of the order of 20 billion euros cumulatively over the three years 2024, 2025 and 2026. The banking giant has therefore announced an acceleration and expansion of operational efficiency measures of around 400 ME recurring, thus bringing the objective of the 2022-2025 plan at 2.7 billion euros. This year’s net profit will also be higher than last year’s distributable income, the lender said.
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