PARIS (Reuters) -BNP Paribas said on Tuesday it was disputing a U.S. court ruling in a Sudan-related litigation, adding it believed it will be overturned on appeal.
“Furthermore, BNP Paribas confirms its shareholder return policy of 60% and its capital trajectory with a CET1 of 12.5% by 2027,” the statement said.
BNP shares tumbled nearly 10% on Monday, with traders and analysts attributing the drop to a U.S. jury’s finding that the French lender helped Sudan’s government commit genocide by providing banking services in violation of U.S. sanctions.
(Reporting by Matthieu Rosemain, Writing by Dominique Vidalon; Editing by GV De Clercq)
