PARIS, Nov 16 (Reuters) - France’s BNP Paribas will set up a ‘European Finance Operations Centre’ in Lisbon employing about 200 people, it said in a job advertisement on its website, as banks face growing workloads to deal with regulation and accounting rules changes. The centre will be part of the bank’s finance department, the advert said. Its finance operations have been traditionally run from France and Belgium. BNP Paribas declined to comment. Labour costs in France are among the highest in Europe at 35 euros per hour versus around 13 euros in Portugal, according to Eurostat data. Reporting by Maya Nikolaeva; editing by Susan Thomas
BNP Paribas has said through its website that it is to set up a 'European Finance Operations Centre' in Lisbon, and is looking to employ around 200 people there. The bank will also be opening an office in the city of Porto, which was previously home to Portugal's largest bank, Banco Espirito Santo, as well as one in Lisbon itself.