BNP Paribas CEO sees opportunities for CIB despite crisis

BNP Paribas chief executive Baudouin Prot said the French bank's favourable liquidity position offers it a competitive advantage over its peers, making it well positioned to weather the current crisis and to attract more clients in 2008.

Prot reiterated previous comments that the bank's AA+ credit rating - which is shared by only a few other banks worldwide - and other factors allow it to raise funds "generally below the market price."

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