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Report: BNP Paribas to boost investment in retail

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Report: BNP Paribas to boost investment in retail

will announce newinvestments in its retail bank in 2017, according to Thierry Laborde, deputyCOO and head of domestic markets for the bank.

The lenderwill seek to increase the share of retail banking that comes through digitalchannels to 50% in 2020 from 15% currently, Reuters reported July 7, citing Laborde.

BNPParibas during the week of July 4 named Sophie Heller COO of its retail bankingand services division, Reuters noted. She was formerly head of retail atING Groep NV's INGDirect.