PARIS (Reuters) – BNP Paribas has not made provisions for the dispute linked to Sudan in its third quarter accounts, the French bank’s financial director, Lars Machenil, said on Tuesday.
“BNP Paribas has not recorded any provisions in the third quarter of 2025,” he said during a conference call with analysts. “We consider the court decision to be erroneous and liable to be overturned.”
A US federal jury on Friday found the French bank guilty of helping the Sudanese government commit abuses by providing services that violated US sanctions.
BNP Paribas was ordered to pay a total of $20.5 million (17.58 million euros) in damages to three Sudanese plaintiffs who testified about human rights violations perpetrated under the regime of former President Omar el Bashir.
The bank said it would appeal and use all remedies available to it.
Among analysts, Lars Machenil minimized the risk of collective action, a potential scenario causing a fall of more than 7% in BNP Paribas shares on Monday.
“This is neither a regulatory fine nor a criminal sanction, but a private dispute. The verdict concerns only three plaintiffs and does not constitute a precedent for similar cases,” said Lars Machenil.
In a press release published Tuesday, BNP Paribas also confirmed “its shareholder return policy of 60% and its capital trajectory with a CET1 of 12.5% by 2027.”
(Report by Matthieu Rosemain, by Blandine Hénault, edited by Augustin Turpin)
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