.A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024. Bloomberg|Bloomberg|Getty ImagesFrance's BNP Paribas on Thursday said there are just excessive International finance companies for the area to become able to take on opponents coming from the USA and also Asia, asking for the production of even more homemade heavyweight financial champions.Speaking to CNBC's Charlotte Splint at the Banking Company of United States Financials Chief Executive Officer Event, BNP Paribas Chief Financial Officer Lars Machenil articulated his support for better integration in Europe's financial sector.His comments happen as Italy's UniCredit ups the ante on its own apparent takeover attempt of Germany's Commerzbank, while Spain's BBVAu00c2 remains to definitely pursue its residential opponent, u00c2 Banco Sabadell." If I will ask you, the amount of banks exist in Europe, your right solution would certainly be a lot of," Machenil said." If our company are incredibly ragged in activity, therefore the competitors is actually not the exact same factor as what you may find in other regions. Thus ... you essentially need to acquire that combination and obtain that going," he added.Milan-based UniCredit has actually ratcheted up the stress on Frankfurt-based Commerzbank in current weeks as it seeks to become the biggest capitalist in Germany's second-largest creditor with a 21% stake.UniCredit, which took a 9% stakeu00c2 in Commerzbank previously this month, appears to have recorded German authorizations unsuspecting with the potential multibillion-euro merger.German Chancellor Olaf Scholz, who has earlier called for more significant integration in Europe's banking industry, is actually securely opposed to the apparent takeover try. Scholz has actually reportedly explained UniCredit's technique as an "unfriendly" and also "unfavorable" attack.Germany's position on UniCredit's swoop has motivated some to charge Berlin of preferring International banking combination merely by itself terms.Domestic consolidationBNP Paribas's Machenil stated that while domestic consolidation will assist to stabilize unpredictability in Europe's financial setting, cross-border assimilation was "still a little further away," citing contrasting units as well as products.Asked whether this meant he strongly believed cross-border banking mergings in Europe showed up to something of an unrealistic truth, Machenil replied: "It's 2 different points."" I assume the ones which remain in a country, financially, they make good sense, as well as they should, fiscally, occur," he carried on. "When you consider actually cross border. Therefore, a banking company that is located in one country just as well as located in yet another nation just, that fiscally does not make good sense since there are actually no synergies." Previously in the year, Spanish banking company BBVA shocked marketsu00c2 when it launched an all-share takeover promotion for residential competing Banco Sabadell.The head of Banco Sabadell said earlier this month that it is highly unexpected BBVA will certainly succeed with its multi-billion-euro aggressive quote, Reuters reported.u00c2 And also as yet, BBVA CEO Onur Genu00c3 u00a7 told CNBC on Wednesday that the takeover was actually "moving according to planning." Spanish authorizations, which have the energy to block any sort of merging or even achievement of a bank, have actually voiced their opponent to BBVA's unfavorable requisition offer, citing possibly dangerous impacts on the county's financial system.