Net new money into BNP Paribas Banking recorded a €3.3bn inflow of net new money in the third quarter of 2008, with the majority of it coming from its European operations.

Nevertheless, the asset management and custody division of the French bank, which last month agreed to take over Dutch rival Fortis, recorded a one-third drop in its operating profit between the second and third quarters of this year to €350m, before the one-off provisions.