PARIS (Reuters) -BNP ParibasPA> made no provisions for Sudan-related litigation in its third-quarter results, Chief Financial Officer Lars Machenil said on Tuesday.
"BNP Paribas did not book a provision in the third quarter 2025," Machenil said in a call with analysts. "We consider the verdict to be erroneous and likely to be overturned."
Machenil downplayed the risks of class action after a U.S. jury found the French bank helped Sudan's government commit genocide by providing banking services that violated American sanctions, raising questions about whether the lender will be exposed to further legal claims.
BNP's CFO said it will be a "case by case" situation.
"This is neither a regulatory fine nor a criminal penalty, but a private legal dispute. The verdict concerns only three plaintiffs, and it does not set a precedent for similar cases," Machenil said.