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BNP Paribas has largest French exposure to Greece

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BNP Paribas has largest French exposure to Greece

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BNP Paribas has said that it has a five billion euro exposure to Greece; that is the largest among major French banks.

That revelation came as the bank posted first-quarter net profit of 2.3 billion euros, which was better than analysts had predicted.

Unlike its French rivals, BNP does not have a significant banking subsidiary in Greece which makes it less vulnerable to the problems of the broader Greek economy.