Posted Sep 29, 2022, 8:05 AMUpdated on Sep 29, 2022 at 8:13 am
“Never, in my thirty-year career, have I seen a situation as complex as today,” admits Lutz Diederichs, who heads the German subsidiary of BNP Paribas. Energy crisis, disruption of supply chains, inflation and soon recession… in this context, the banker is all the more satisfied to have accomplished the bet announced in 2018: to exceed 2.2 billion euros in revenue in 2021, which already corresponds to a doubling compared to 2012.
It also shows the strongest growth in the German banking market, at 8.2% since 2016, and it aims high: to move from eighth place to one of the top five banks in Germany, reaching 2.8 billion in revenue. in 2025 thanks to an increase of 6% per year, Lutz Diederichs explained to journalists on Wednesday, from the top of the new Frankfurt tower where BNP Paribas Germany settled this summer, less than two kilometers from the tenors of German finance .
