Economic Growth Lifts HSBC, BNP, ABN Amro Profits

Bloomberg News
August 2004
American Banker;8/3/2004, Vol. 169 Issue 148, p2
Trade Publication
Reports that HSBC Holdings PLC, BNP Paribas SA, and ABN Holding NV reported profit increases that beat analysts' expectations. Economic growth which spurred gains from consumer lending for three of Europe's biggest banks; European banks, which are benefitting from low interest rates and a pick-up in economic growth spurring demand for home, auto and credit card loans.


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