BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational

universal bank A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service ...

and

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

headquartered in

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

. It was founded in 2000 from the merger of two of France's foremost financial institutions,

Banque Nationale de Paris Banque nationale de Paris () was a major French bank. It was formed in 1966 through the merger of Comptoir national d'escompte de Paris (CNEP, est. 1848) and Banque nationale pour le commerce et l'industrie (est. 1932). In 1999, it merged with ...

(BNP) and

Paribas The Banque de Paris et des Pays-Bas (, ), generally referred to from 1982 as Paribas (), was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas. History Background In the ...

. It also incorporates many other major institutions through successive acquisitions, including

Fortis Bank BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas. The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Inve ...

Belgium Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...

Direkt Anlage Bank DAB BNP Paribas is a brand of the German branch of the French major bank BNP Paribas with business premises in Munich. The BNP Paribas brand for independent asset managers, fund brokers, investment advisers and institutional clients was founded ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

Banca Nazionale del Lavoro Banca Nazionale del Lavoro S.p.A. (BNL) is an Italian bank headquartered in Rome. Established in 1913, the bank has been a subsidiary of BNP Paribas since 2006. Integration process was concluded in 2008, BNL with its group oversees the commercial ...

in Italy,

Banque Générale du Luxembourg BGL BNP Paribas (formerly Banque Générale du Luxembourg or BGL) is a Luxembourgish bank founded on 29 September 1919. Since May 2009, the bank has been a subsidiary of the BNP Paribas group. It is the fifth-largest bank in the Grand Duchy of Luxem ...

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

, and

Türk Ekonomi Bankası Türk Ekonomi Bankası (TEB; English: ''Turkish Economy Bank'') is one of Turkey’s oldest financial institutions. In addition to providing its customers with corporate, SME, commercial, treasury & capital market, retail, and private banking p ...

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

. The group has also been present in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

through its subsidiaries

Bank of the West Bank of the West was an American financial institution headquartered in San Francisco, California, United States. It had more than 600 branches and offices in the Midwest and Western United States. It was founded in 1874 in San Jose, Californi ...

until 2023 and

First Hawaiian Bank First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858, is Hawaii’s oldest and largest financial institution headquartered in Honolulu at the First Hawaii ...

until 2019. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS); and Corporate & Institutional Banking (CIB). BNP Paribas is listed on

Euronext Paris Euronext Paris, formerly known as the Paris Bourse (), is a regulated securities trading venue in France. It is Europe's second largest stock exchange by market capitalization, behind the London Stock Exchange, as of December 2023. As of 2022, th ...

and is a component of the Euro Stoxx 50

stock market index In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...

. It is the second largest bank in Europe and eighth largest bank in the world by total assets. It became one of the five largest banks in the world following the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

. It is considered a

systemically important bank A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail". As the 2008 financial cri ...

by the

Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established in the 2009 G20 Pittsburgh Summit as a successor to the Financial Stability Forum (FSF) ...

. In the

Forbes Global 2000 The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003. By country Forbes Global 2000 as of 2023: ...

, BNP Paribas was ranked as the 33rd largest public company in the world. It has been designated as a Significant Institution since the entry into force of

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

in late 2014, and as a consequence is directly supervised by the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

. Although a French banking group, the

Belgian government The Federal Government of Belgium ( ; ; ) exercises executive power in the Kingdom of Belgium. It consists of ministers and secretaries of state ("junior", or deputy-ministers who do not sit in the Council of Ministers) drawn from the polit ...

has been a significant shareholder since 2009 (with 5.3% equity ownership as of mid-2023) as a result of the group's acquisition of ''Fortis Bank Belgium'', heir to the

Société Générale de Belgique The ' (, ; often referred to in Belgium simply as "Société Générale" or SGB) was an investment bank and, subsequently, an industrial and financial conglomerate in Belgium between 1822 and 2003. It has been described as the world's first u ...

established in 1822.

History

In 1999, BNP and

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

fought a complex battle on the stock market, with Société Générale bidding for Paribas and BNP bidding for Société Générale and counter-bidding for Paribas. BNP's bid for Société Générale failed, while its bid for Paribas succeeded leading to a merger of BNP and Paribas one year later on 23 May 2000. In 2006, BNP Paribas purchased Banca Nazionale del Lavoro (BNL), Italy's sixth-largest bank. On 9 August 2007, BNP Paribas became the first major financial group to acknowledge the impact of the sub-prime crisis by closing two funds exposed to it. This day is now generally seen as the start of the

and the bank's quick reaction saved it from the fate of other large European banks such as

UBS UBS Group AG (stylized simply as UBS) is a multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the ...

. On 6 October 2008, BNP took over 75% of troubled bank

Fortis Fortis may refer to: Business * Fortis (Swiss watchmaker), a Swiss watch company * Fortis Films, an American film and television production company founded by actress and producer Sandra Bullock * Fortis Healthcare, a chain of hospitals in ...

' activities in

, and 66% in

, in exchange for the Belgian government becoming the new group's major shareholder. The sales of the Fortis shares was suspended by a court order from the

Court of Appeal An appellate court, commonly called a court of appeal(s), appeal court, court of second instance or second instance court, is any court of law that is empowered to Hearing (law), hear a Legal case, case upon appeal from a trial court or other ...

on Friday, 12 December In the end of January, the Belgian government and BNP negotiated for a 75% partnership in Fortis Bank Belgium. Fortis Insurance Belgium would be reintegrated in Fortis Holding. On 11 February, Fortis' shareholders decided that Fortis Bank Belgium and Fortis Insurance Belgium should not become the property of BNP Paribas. However, the acquisition was completed, and BNP Paribas took 75% shareholding and renamed the new subsidiary

BNP Paribas Fortis BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas. The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Inve ...

. After this only Fortis Insurance International was left in Fortis Holding and this was renamed as

Ageas Ageas is a Belgian multinational insurance company co-headquartered in Brussels. Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insuranc ...

, a business that had Insurance all over Europe and Asia. In April 2024, it was announced BNP Paribas had acquired Fosun International's entire 9% stake in Ageas, worth €730 million. The remaining Fortis Bank Netherlands was in the hands of the

Dutch Government The Netherlands is a parliamentary representative democracy. A constitutional monarchy, the country is organised as a decentralised unitary state.''Civil service systems in Western Europe'' edited by A. J. G. M. Bekke, Frits M. Meer, Edward E ...

which merged it with other ABN AMRO holdings it already owned under the name ABN AMRO. In May 2009, BNP Paribas became the majority shareholder (65.96%) of BGL (formerly Fortis Bank Luxembourg), the State of Luxembourg retaining 34% making BNP the

eurozone The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency ...

's largest bank by deposits held. On 21 September, the bank's registered name was changed to

BGL BNP Paribas BGL BNP Paribas (formerly Banque Générale du Luxembourg or BGL) is a Luxembourgish bank founded on 29 September 1919. Since May 2009, the bank has been a subsidiary of the BNP Paribas group. It is the fifth-largest bank in the Grand Duchy of Luxem ...

and in February 2010, BGL BNP Paribas became the 100% owner of BNP Paribas Luxembourg. The transfer was finalised on 1 October 2010 with the incorporation of BNP Paribas Luxembourg's business in the operational platforms of BGL BNP Paribas."The history of Fortis BGL BNP Paribas"
, ''BGL BNP Paribas''. Retrieved 9 September 2011 In 2013 BNP Paribas was awarded the Bank of the Year award by The International Financing Review ("IFR"),

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational corporation, multinational content-driven technology Conglomerate (company), conglomerate. The company was founded in Toronto, Ontario, Canada, and maintains its headquarters at 1 ...

' leading financial industry publication.Mullin, Keith. (15 February 2012
Bank of the Year: BNP Paribas , All Special Reports
. IFRe. Retrieved on 6 December 2013.BNP Paribas digs deep at charity auction
. Efinancialnews.com. Retrieved on 6 December 2013.
. Euromoney.com. Retrieved on 6 December 2013. BNP Paribas reached an agreement in December 2013 to acquire

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

's Polish unit BGZ Bank for around $1.4 billion. In September 2014, BNP completed the purchase of BGZ Bank for a final fee stated in the media to be $1.3 billion. In December 2021, BNP Paribas announced to exit US retail banking business by selling its Bank of the West to the Bank of Montreal for $16.3bn. BNP Paribas has around $80 billion under management in Asia by 2024. The bank has hired 20 private bankers, including Tiffeny Situ from

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

, Wendy Chan from

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

and Martin Loh from

Credit Suisse Group Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...

, as part of its expansion program. BNP Paribas and

BPCE BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, the ...

have finalized an agreement of a joint venture to create Estreem, to become a top-three European payment processor in February, 2025. The company is expected to handle 17 billion transactions annually, which will make it the leader with 30% volume of card payment in France. In February 2025 , Karine Delvallee has been appointed as the new regional head for Southeast Asia by BNP Paribas and the CEO of its Singapore branch. Delvallee, who was formerly the CEO of BNP Paribas Australia and New Zealand, will now be overseeing operations in Singapore, Malaysia, Indonesia, Thailand, and Vietnam, with a focus on growth strategy and strengthening client relationships. However, she will also continue to supervise service over Australia and New Zealand as well. In February 2025, Philippe Maillard was appointed as group COO by BNP Paribas. His tenure would be effective from February 11, replacing Laurent David. As a company veteran since 1992, Maillard will oversee technology, IT, data, and operations. He will also be joining the bank’s executive committee. In March 2025, Matthew Ponsonby, BNP Paribas' UK head of global banking, resigned from his position. The bank stated a successor will be announced soon. Ponsonby, who joined in 2017, expressed pride in the progress made during his tenure and mentioned moving to an undisclosed "compelling opportunity." Under his leadership, BNP Paribas expanded its investment banking activities in Europe, particularly in the UK, making notable progress in mergers and acquisitions.

Financial data

In 2022, total revenues of €50.4 billion represent an increase of 9% compared to 2021, BNP Paribas remains at the top of the French banks' ranking in terms of activity. During this year, BNP Paribas Group net income attributable to equity holders increased to 7.5% (to 10.2 billion euros). The geographic breakdown of Net Banking Income (NBI) at the end of 2020 is as follows: Europe (72.2%), North America (12.9%), Asia Pacific (8.6%) and others (6.3%).

Corporate identity

The BNP Paribas logo since 2000 (designed by Laurent Vincent under the leadership of the Communications Director, Antoine Sire) is called the "courbe d'envol" (curve of taking flight). The stars allude to Europe and universality. The transformation of the stars into birds conveys openness, freedom, growth, and the ability to change and adapt. The shape and movement of the curve places the logo in the universe of life. The green square symbolises nature and optimism.

Corporate structure

Executive Committee

The General Management and the executive committee are composed as follows: *

Jean-Laurent Bonnafé Jean-Laurent Bonnafé (born 14 July 1961) has been the chief executive officer of BNP Paribas since 2011. Early life The son of an Électricité de France (EDF) electrical engineer and a lawyer in Albi,Scheherazade Daneshkhu (November 28, 20 ...

, Director and chief executive officer of BNP Paribas * Yann Gérardin, Chief Operating Officer, Corporate & Institutional Banking * Thierry Laborde, Chief Operating Officer, Commercial, Personal Banking & Services * Renaud Dumora, Deputy chief operating officer, Investment & Protection Services * Michael Anseeuw, director, CEO and chairman or

* Marguerite Bérard, Head of French Retail Banking * Charlotte Dennery, Director and chief executive officer of

BNP Paribas Personal Finance BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational corporation, multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's fo ...

* Marc Camus, chief information officer * Elena Goitini, chief executive officer of BNL * Elise Hermant, Head of Communications * Stephanie Maarek, Head of Compliance * Yannick Jung, Head of Corporate & Institutional Banking Global Banking EMEA * Pauline Leclerc-Glorieux, director and CEO of BNP Paribas Cardif * Isabelle Loc, Head of Commercial & Personal Banking in France * Stéphanie Maarek, Head of Compliance * Lars Machenil, Chief Financial Officer * Philippe Maillard, Chief Operating Officer * Sofia Merlo, Head of Human Resources * Olivier Osty, Head of Corporate Institutional Banking Global Markets * Anne Pointet, Head of Company Engagement * Frank Roncey, Chief Risk Officer

Board of directors

As of 15 May 2025 *

Jean Lemierre Jean Lemierre (born 6 June 1950) is a French former public servant who was the president of the European Bank for Reconstruction and Development from 2000 to 2008. He is now chairman of BNP Paribas. Career Public sector In 2000, Lemierre was el ...

(chairman), former president of the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

, director and CEO of BNP Paribas *

Jacques Aschenbroich Jacques André Aschenbroich (born 3 June 1954) is the Chairman of French telecoms company Orange. He is the former CEO of Valeo and held the position between 2016 and 2022. Education * Baccalauréat at the Lycée Ampère in Lyon * Preparator ...

, chairman of the board of directors of

Orange Group Orange S.A. (; formerly , stylised as france telecom) is a French multinational telecommunications corporation founded in 1988 and headquartered in Issy-les-Moulineaux, near Paris. ''Orange'' has been the corporation's main brand for mobile, ...

* Juliette Brisac, Head of Governance & Permanent Control of the BNP Paribas Group Company Engagement * Valérie Chort, director of companies * Monique Cohen, director of companies * Hugues Epaillard, BNP Paribas Real Estate business manager * Vanessa Lepoultier, Financial Advisor * Lieve Logghe, Chief Financial Officer of Boortmalt International * Marie-Christine Lombard, CEO and Chairman of the Executive Board of

Geodis Geodis S.A. is a French Multinational corporation, multinational grouping together logistics, parcel and Haulage, road haulage companies in full and part loads, and freight forwarding with the acquisition of PostNL, TNT's Freight Forwarding divis ...

* Bertrand de Mazières, director of companies * Christian Noyer, director of companies * Nicolas Peter, Chairman of the Supervisory Board of

BMW AG Bayerische Motoren Werke AG, trading as BMW Group (commonly abbreviated to BMW (), sometimes anglicised as Bavarian Motor Works), is a German multinational manufacturer of vehicles and motorcycles headquartered in Munich, Bavaria, Germany. The ...

* Guillaume Poupard, Deputy Managing Director of Docaposte * Daniela Schwarzer, member of the Executive Board of

Bertelsmann Foundation The Bertelsmann Stiftung is an independent foundation under private law, based in Gütersloh, Germany. It was founded in 1977 by Reinhard Mohn as the result of social, corporate and fiscal considerations. The foundation states that it prom ...

* Annemarie Straathof, director of companies

Major shareholders

As of 31 December 2023 * European institutional investors (37.7%) * Non-European institutional investors (32.5%) * BlackRock Inc. (6.9%) * Belgian State (through SFPI) (5.5%) *

Amundi Amundi is a French asset management company. With €2.247 trillion of assets under management (AUM) in 2025, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world. Founded on 1 January 2010, t ...

(5.4%) * Retail shareholders (5.9%) * Employees (5.0%) * Grand Duchy of

(1.1%)

Main subsidiaries

Retail banking

* BNP Paribas France (more than 2 200 branches) * BNP Paribas

Bulgaria Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey t ...

* BancWest (

in the USA) * BNP Paribas El Djazaïr (

Algeria Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is bordered to Algeria–Tunisia border, the northeast by Tunisia; to Algeria–Libya border, the east by Libya; to Alger ...

) *

BMCI The Banque Marocaine pour le Commerce et l'Industrie (BMCI, ) is a bank in Morocco, headquartered in Casablanca. It is majority-owned subsidiary of Paris-based BNP Paribas (BNPP), and originates from the Moroccan operations of a predecessor of BN ...

(

Morocco Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ...

)

(BNL) (

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

) * Turk Ekonomi Bankasi (TEB) (

Kosovo Kosovo, officially the Republic of Kosovo, is a landlocked country in Southeast Europe with International recognition of Kosovo, partial diplomatic recognition. It is bordered by Albania to the southwest, Montenegro to the west, Serbia to the ...

) *

(

, Germany,

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...

, Turkey) *

(

) *

Hello bank! Hello bank! is a digital direct bank owned by BNP Paribas that started operations in 2013. The bank operates in France, Belgium, Germany (using the name Consorsbank), Italy, the Czech Republic and Austria. BNP Paribas has claimed that it is "t ...

* Sahara Bank (

Libya Libya, officially the State of Libya, is a country in the Maghreb region of North Africa. It borders the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–L ...

) * Ukrsibbank (

Ukraine Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...

) * BCI Mer Rouge

Djibouti Djibouti, officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red Sea and the Gulf of Aden to the east. The country has an area ...

* Banque de Wallis et Futuna *

BNP Paribas Bank Polska BNP Paribas Bank Polska is a Polish bank, originally founded in 1975 as Bank Gospodarki Żywnościowej (BGŻ). It has been owned by BNP Paribas since 2015, and adopted its brand name in 2019. History The origins of BGŻ should be associated wi ...

(

)

Other subsidiaries

* Alfred Berg * BNP Paribas Arbitrage * BNP Paribas Assurances with

Cardif Cardif is an international insurance company based in France with a presence worldwide. The company is part of the BNP Paribas Group. History In 1973 the French bank ''Compagnie bancaire'' founded a life insurance company ''Compagnie d'Assura ...

Pinnacle A pinnacle is an architectural element originally forming the cap or crown of a buttress or small turret, but afterwards used on parapets at the corners of towers and in many other situations. The pinnacle looks like a small spire. It was main ...

BNP Paribas Investment Partners BNP Paribas Asset Management is the dedicated, autonomous asset management branch of BNP Paribas Group. History In 2007, BNP Paribas regrouped its function in asset management under the brand name BNP Paribas Investment Partners. In 2010, the ...

* BNP Paribas Partners for Innovation * BNP Paribas Personal Finance UK (Creation Financial Services Limited and Creation Consumer Finance Limited) * BNP Paribas Primebrokerag *

BNP Paribas Real Estate BNP Paribas Real Estate, formerly Atisreal, is a European commercial property consultancy company and subsidiary of BNP Paribas with around 2,600 employees in 51 cities. Its headquarters were in Levallois-Perret, France. In June 2009 the Atisreal ...

(formerly Atisreal) * BNP Paribas Leasing Solutions with Arval, and Artegy * BNP Paribas Securities Services * BNP Paribas Wealth Management *

Cetelem Cetelem is a French company specializing in consumer credit for household electrical equipment, personal loans, car loans and credit cards. Cetelem is the commercial brand of ''BNP Paribas Personal Finance'', which is a wholly owned subsidiary ...

* Consors Finanz *

Cortal Consors Cortal Consors SA was a European broker in personal investing and online trading. Formed by a merger of French company Cortal and German company Consors, they launched a 2003 rebranding campaign. Cortal Consors was a subsidiary of BNP Paribas.Pl ...

* FundQuest *

SBI Life Insurance Company Limited SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. In 2007, CRISIL Limited, a subsidiary of global r ...

a joint venture insurance company with

State Bank of India State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market shar ...

, India's largest financial service company Official_Logo_of_Sharekhan_by_BNP_Paribas

Sharekhan Mirae Asset Sharekhan is an Indian brokerage firm. The company operates over 120 branches in India, serving 3.1 million clients. In November 2024, Sharekhan was acquired by the Mirae Asset Financial Group for ₹3,000 crore (487 billion won), ...

, an Indian retail brokerage firm * L'Atelier BNP Paribas * BNP Paribas Personal Investors Luxembourg * Protection 24 * SAIB-BNP Paribas Asset Management

Divisions

BNP Paribas CIB

BNP Paribas CIB (Corporate and Institutional Banking) is the global

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

arm of BNP Paribas, the largest banking group in the world. In October 2010, BNP Paribas was ranked by

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

and

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

as the largest bank and largest company in the world by assets with over US$3.1 trillion. BNP Paribas CIB's main centres are in

and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, with large scale operations in

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

, and

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

, and smaller operations in almost every financial centre in the world. It employs 185,000 people across 56 countries and provides

financing Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...

, advisory and

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

services. BNP Paribas CIB is a globally recognised leader in two areas of expertise: trading derivatives on all

asset classes In finance, an asset class is a group of marketable financial assets that have similar financial characteristics and behave similarly in the marketplace. These instruments can be distinguished as either having to do with real assets or having ...

, and structured financing.Biz Journals
BNP Paribas CIB also has a large corporate advisory network in

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

and

Asia Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

. BNP Paribas CIB has 13,000 clients, consisting of companies, financial institutions, governments, investment funds and hedge funds. BNP Paribas CIB benefits from the Group's large asset base (over €2 trillion) and diverse business model, and was resilient through the

. Revenues from BNP Paribas CIB nearly doubled in the second quarter of 2009 as robust investor demand boosted revenues from the bank's fixed income trading business unit. CIB's revenues totaled €3.351 billion (US$4.82 billion) for the quarter, up 81 percent from the second quarter of 2008, and following record revenues of €3.696 billion in the first quarter of 2009.

Notable current and former employees

Business

Nassim Taleb Nassim Nicholas Taleb (; alternatively ''Nessim ''or'' Nissim''; born 12 September 1960) is a Lebanese-American essayist, mathematical statistician, former option trader, risk analyst, and aphorist. His work concerns problems of randomness ...

– Practitioner of

financial mathematics Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the Finance#Quantitative_finance, financial field. In general, there exist two separate ...

, author of The Black Swan,

Fooled by Randomness ''Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets'' is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge. It was first published in 2001. Updated editions were released a few years later ...

and Dynamic Hedging, and former BNP Paribas prop trader in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

Politics and public service

* Louis Alphonse of Bourbon, Duke of Anjou – considered by royalists as the head of the French Royal House *

Jacques de Larosière Jacques de Larosière de Champfeu (; born 12 November 1929) is a French former civil servant who served as the president of the European Bank for Reconstruction and Development from 1993 to 1998. He previously served as the governor of the Banque ...

– managing director of the International Monetary Fund (1978–87); Governor of the Banque de France (1987–93) * Lorenz of Habsburg, Archduke of Austria-Este *

François Villeroy de Galhau François Villeroy de Galhau (; born 24 February 1959) is a French senior civil servant and banker who has served as Governor of the Bank of France and ''ex officio'' President of the French Prudential Supervision and Resolution Authority sinc ...

Governor of the Bank of France The Governor of the Bank of France (French: ''Gouverneur de la Banque de France'') is the most senior officer of the Bank of France. The position is currently held by François Villeroy de Galhau, who took office on 1 November 2015. Duties and r ...

since 2015

Other

* David McWilliams - economist

Controversies

Antisemitic allegations

In 2016 BNP reached an undisclosed

settlement Settlement may refer to: *Human settlement, a community where people live *Settlement (structural), downward movement of a structure's foundation *Settlement (finance), where securities are delivered against payment of money *Settlement (litigatio ...

with a Jewish employee, following a $40M lawsuit. The employee had been made to watch a training video in the form of a parody of the movie ''Downfall'', portraying

Adolf Hitler Adolf Hitler (20 April 1889 – 30 April 1945) was an Austrian-born German politician who was the dictator of Nazi Germany from 1933 until Death of Adolf Hitler, his suicide in 1945. Adolf Hitler's rise to power, He rose to power as the lea ...

as the CEO of

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

, one of BNP's competitors and the Nazi soldiers around him as Deutsche Bank executives. Also, his colleagues made a number of anti-semitic comments during his time at BNP Paribas.

Business with sanctioned countries

On 30 May 2014, ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' reported that the

United States Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the U.S. government that oversees the domestic enforcement of Law of the Unite ...

was negotiating a possible guilty plea with BNP Paribas as well as the size of the resulting fine for violating U.S. regulations and evading US sanctions. The Justice Department sought a fine of more than

US $ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

10 billion, which was expected to be reduced to $8 or $9 billion in negotiations.Justice Dept. Seeks More Than $10 Billion Penalty From BNP Paribas
, Wall Street Journal, 30 May 2014 BNP Paribas was said to have laundered up to US$100 billion from the sanctioned countries of Sudan, Iran, and Cuba. On 1 July 2014, BNP Paribas pled guilty in a

state court to falsifying business records as well as

conspiracy A conspiracy, also known as a plot, ploy, or scheme, is a secret plan or agreement between people (called conspirers or conspirators) for an unlawful or harmful purpose, such as murder, treason, or corruption, especially with a political motivat ...

in connection to those falsifications. It was also expected to plead guilty in federal court to violating laws against money-laundering. It agreed to pay $8.9 billion, the largest fine ever for violating U.S. sanctions, and substantially more than the previous record of $1.9 billion. BNP Paribas was also barred for one year under the plea agreement from certain US dollar-dominated transactions. The fine exceeded the bank's $6.4 billion 2013 annual income and the $1.1 billion it previously had allocated for the anticipated fine. The bank's failure to cooperate with the multi-year investigation was given as a significant factor in the size of the fine. Additionally, BNP Paribas continued to process sanctioned transactions after the investigation began. After the fine was announced, BNP said it would be "just fine" and that it had "a comprehensive plan" to avoid similar violations in the future. The company's stock, which had fallen 12% since news of the investigation first leaked, rose 4% on the announcement. To comply with the transaction ban, BNP Paribas will use a third party to clear its US transactions. On 6 February 2024, the Federal Reserve announced that it had lifted a pair of 2014 enforcement actions it imposed on France's BNP Paribas, after the bank overhauled its compliance with U.S. sanctions law

Check processing

In 2010 the French government's

Autorité de la concurrence The ; ) is France's national competition regulator. Its predecessor, the Competition Council, was established in the 1950s. The Competition Authority is an , responsible for preventing anti-competitive practices and monitoring the functioning ...

fined BNP and 10 other banks €384 million for colluding to charge unjustified fees on check processing, including extra fees during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.

€152 million risk management affair

The German ''

Frankfurter Allgemeine Zeitung The (; ''FAZ''; "Frankfurt General Newspaper") is a German newspaper founded in 1949. It is published daily in Frankfurt and is considered a newspaper of record for Germany. Its Sunday edition is the ''Frankfurter Allgemeine Sonntagszeitung'' ( ...

FOCUS Focus (: foci or focuses) may refer to: Arts * Focus or Focus Festival, former name of the Adelaide Fringe arts festival in East Australia Film *Focus (2001 film), ''Focus'' (2001 film), a 2001 film based on the Arthur Miller novel *Focus (2015 ...

and the French '' Les Échos'' newspapers published an article regarding a €152 million mistrade (

erroneous trade A fat-finger error is a keyboard input error or mouse misclick that occurs from a simple input mistake, causing unwanted secondary behavior. In common parlance, it simply refers to a common typographical error made on a touchscreen or physical key ...

) in which BNP Paribas Arbitrage was allegedly involved. The bank has sold securities for €326,400 to the investor Armin S. but the value of the securities is €163 million according to the bank. According to the article, the error remained unnoticed for several days. BNP has even reconfirmed the original price. The ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'' published an article in March 2018 about the case with the title "BNP Paribas failed to book trades in Germany for a week". It cites internal documents that show it did not book all trades that happened in

structured product A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, an ...

s in Germany from 2 to 9 December 2015. The ''Financial Times'' estimates that 8,500 trades might have been affected. It also questions if the bank has hedged their positions if the trades have not been booked.

Sponsorship

BNP Paribas has been a major sponsor of tennis. In 1973 it became the major sponsor of the

French Open The French Open (), also known as Roland-Garros (), is a tennis tournament organized by the French Tennis Federation annually at Stade Roland Garros in Paris, France. It is chronologically the second of the four Grand Slam (tennis), Grand Slam ...

, one of the four prestigious Grand Slam tournaments in the sport. In 2001 the bank began to sponsor the

Davis Cup The Davis Cup is the premier international team event in men's tennis. It is organised by the International Tennis Federation (ITF) and contested annually between teams from over 150 competing countries, making it the world's largest annual ...

before becoming the title sponsor in 2002. In 2002 it became the sponsor of the

Paris Masters The Paris Masters (formerly known as the Paris Open, and currently called the Rolex Paris Masters for sponsorship reasons) is an annual indoor tennis tournament for male professional players held in Paris, France at the Accor Arena, in the neighb ...

, an

ATP World Tour Masters 1000 The ATP 1000 events, also known as ATP Masters 1000 tournaments, are an annual series of nine tennis tournaments featuring the top-ranked players on the ATP Tour since its inception in 1990. The ATP 1000 tournaments, sitting below the Gran ...

tournament. In 2008 it became the sponsor of the BNP Paribas Primrose Bordeaux, an

ATP Challenger Tour The ATP Challenger Tour (known until the end of 2008 as the ATP Challenger Series) is a series of international men's professional tennis tournaments. It was founded in 1976 as a replacement for the ILTF Satellite Circuit (founded in 1971) as ...

tournament. The company's sponsorship expanded to the United States in 2009 when it became the title sponsor of the

Indian Wells Masters The BNP Paribas Open at Indian Wells is an annual professional tennis tournament held in Indian Wells, California, United States. It is played on outdoor hardcourts at the Indian Wells Tennis Garden, and is held in March. The tournament is pa ...

, an ATP World Tour Masters 1000 two-week tournament in California. It also sponsored the BNP Paribas Showdown and

BNP Paribas Tennis Classic The Giorgio Armani Tennis Classic at Hurlingham is an exhibition tennis tournament held each year since 1994 on the grass courts at the Hurlingham Club in London, in the week before the Wimbledon Championships. It is managed by IMG. Previously N ...

exhibition tournaments held in New York City and London respectively. The

Stanford Classic The Silicon Valley Classic was a tennis tournament on the WTA Tour held on the campus of San Jose State University in San Jose, California. Started in 1971, the tournament was the oldest women's-only tournament in the world and was played on outdoo ...

, since 1992, is instead directly sponsored by the Bank of the West subsidiary. In 2018, BNP Paribas created the production company BNP Paribas Pictures, and supports young cinema talents through an investment fund dedicated to the financing and co-production of the first films of new talents in Cinema, the Fonds Nouveaux Talents. In 2019, the group supports the Femis Residence and Mille visages, which aims to democratize the cinema environment and create bridges between the different professions in cinema. The group also participates in the restoration of cinematographic works such as

Charlie Chaplin Sir Charles Spencer Chaplin (16 April 188925 December 1977) was an English comic actor, filmmaker, and composer who rose to fame in the era of silent film. He became a worldwide icon through his screen persona, the Tramp, and is considered o ...

's " Modern Times" in 2003.

Football

Between 1981 and early May 2020, BNP Paribas was a partner of the Belgian club

RSC Anderlecht Royal Sporting Club Anderlecht, commonly abbreviated to RSC Anderlecht (, , ) or RSCA (, , ), is a Belgian professional association football, football club based in Anderlecht, Brussels Capital-Region. Anderlecht plays in the Belgian First Div ...

for 39 years through

References

External links

* * {{DEFAULTSORT:Bnp Paribas Banks established in 2000 Banks under direct supervision of the European Central Bank Companies listed on Euronext Paris CAC 40 Companies in the Euro Stoxx 50 French brands Investment banks Primary dealers Systemically important financial institutions Asset management companies