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31 May 2012
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20 June 2012
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BNPP sees worst of crisis over, 2010 like 2009
BNP Paribas Real Estate saw pretax income fall 45% to E76.4m in 2009 with revenues down 17% to E554m. It declined to give a forecast for 2010 earnings but said it expects property market conditions to be similar to 2009. "We don't see a strong recovery in real estate in 2010, nor do we see any deterioration. The worst is doubtless behind us," Chairman Philippe Zivkovic told a news conference. "We should have a year which is broadly similar to 2009." (See PIE 157 for full story)