BNP Paribas looks to Africa

City A.M. Reporter
BNP PARIBAS, France’s biggest listed bank, plans to boost its investment banking footprint in Africa as it favours promising growth markets away from the riskier Eurozone, its regional head has said.

BNP, which is also eyeing expansion in Asia, has changed its regional model to focus more on advisory rather than just lending for big projects, said Jean-Christophe Durand, chief executive for the region.