BNP Paribas says to cut 1,600 staff in Ukraine by 2015
PARIS (Reuters) - BNP Paribas , France's biggest listed bank, said it would reduce Ukraine staff by 1,600 by 2015 as part of an ongoing restructuring of its local unit in the face of a tough economic environment. BNP executives told investors during a presentation on strategy that the bank had already reduced loans outstanding at its Ukrainian subsidiary UkrSibBank and that 84 of its branches were closed in 2013. (Reporting by Lionel Laurent; Edited by Andy Callus)
