BNP Paribas to take writedown

BNP Paribas is writing down part of the goodwill related to its BNL unit, which will result in a reduction to fourth-quarter earnings of about $983m.

Bloomberg reports that the bank is setting aside more capital for the Italian corporate and consumer-banking unit, the lender said in a statement on Wednesday.

The charge will have a positive effect on regulatory capital and the bank reiterated it plans to pay 45% of profit in dividends.

In the meantime, Reuters reports that the bank also said on it is considering 'strategic alternatives' for its U.S. unit First Hawaiian Bank which could help the firm reach regulatory capital requirements by mid-2017.

First Hawaiian Bank, with $18.9 billion of assets, has 62 branches throughout Hawaii, Guam and Saipan.

BNP Paribas 4th-Quarter Earnings Hit by $983 Million Writedown

BNP reviews options for U.S. unit, on track to meet capital requirements


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