BNP Paribas has set itself a target this year of matching last year’s record €8.3bn ($12.2bn) revenues from corporate and investment banking, after today confirming that no fresh writedowns have hit fourth-quarter revenues since it published estimates three weeks ago.

Fourth-quarter pre-tax profits at the division were €343m, down nearly two-thirds compared with the same period in the previous year, BNP Paribas said today.