BNP Paribas will Reduce Ukraine Staff by 1600 by 2015

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.