Persons familiar with the matter were quoted by media sources as saying that the bank will focus more on organic growth rather than acquisition of a banking business.
The Paris-based financial conglomerate, which has 3,000 staff working in Germany, is planning to boost its retail and investment banking operations in the country.
It provides leasing, specialty insurance, asset management, real estate and securities services in the country.
The bank has already passed through a restructuring phase, under which it reduced operational costs and increased base capital.
Besides Europe, the bank is also seeking to raise profits from Asia-Pacific region and has planned to achieve yearly combined revenue of over €3bn ($3.91bn) from its corporate and investment bank as well as investment-services businesses by 2016.
Its investment-services business comprises private banking, asset management, insurance, securities services and real estate.
Most recently, the bank announced that it will integrate its US units, including retail banking subsidiary BancWest with US corporate and investment banking operations, to counter the new banking regulations of the US for overseas banks.
With operations in 80 nations, BNP Paribas has almost 200,000 staff and manages three core operations including retail banking, investment solutions and corporate & investment banking.
