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BNP Paribas information


BNP Paribas
Company typePublic
Traded as
Euronext Paris: BNP
LSE: 0HB5
CAC 40 component (BNP)
IndustryFinancial services
Founded
  • 13 December 1822; 201 years ago (1822-12-13) Creation of Société Générale de Belgique, predecessor of Fortis Bank
  • 10 March 1848; 176 years ago (1848-03-10)[1] creation of Comptoir national d'escompte de Paris, predecessor of BNP
  • 27 January 1872; 152 years ago (1872-01-27)[2] creation of Banque de Paris et des Pays-Bas, later called Paribas
  • 23 May 2000; 23 years ago (2000-05-23)[3] merging as BNP Paribas
Headquarters20 Boulevard des Italiens
Paris, France
Area served
Worldwide
Key people
Jean Lemierre (President and Chairman)
Jean-Laurent Bonnafé (CEO)
Products
  • Asset management
  • Banking
  • Commodities
  • Credit cards
  • Equities trading
  • Insurance
  • Investment banking
  • Investment management
  • Mortgage loans
  • Mutual funds
  • Private equity
  • Securities services
  • Risk management
  • Wealth management
RevenueIncrease €50.4 billion (2022)[4]
Operating income
Increase €13.7 billion (2022)[4]
Net income
Increase €10.2 billion (2022)[4]
Total assetsIncrease €2.67 trillion (2022)[4]
Total equityIncrease €122 billion (2022)[4]
Number of employees
190,000 (2022)[4]
Divisions
List
  • BNP Paribas Asset Management
    BNP Paribas Cardif
    BNP Paribas Factor
    BNP Paribas Fortis
    BNP Paribas Real Estate
Subsidiaries
List
  • Arval
    Banca Nazionale del Lavoro
    Cetelem
    Hello bank!
Websitegroup.bnpparibas/en/

BNP Paribas (sometimes referred to as BNPP or BNP) is a multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas.[5] It also incorporates many other major institutions from successive mergers and acquisitions, including Fortis Group (and through it, the Générale de Banque, ASLK / CGER and Nationale Maatschappij voor Krediet aan de Nijverheid/Société Nationale de Crédit à l'Industrie) in Belgium, Direkt Anlage Bank in Germany, Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg, and Türk Ekonomi Bankası in Turkey. The Group has also been present in the United States through its subsidiaries Bank of the West until 2023 and First Hawaiian Bank 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 and a component of the Euro Stoxx 50 stock market index.[6] It is the largest banking group in Europe, and ninth-largest banking group in the world by assets.[7] It became one of the five largest banks in the world following the 2008 financial crisis.[8] It is considered a systemically important bank by the Financial Stability Board.[9] In the Forbes Global 2000, BNP Paribas was ranked as the 33rd largest public company in the world.[10] It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[11][12]

Even though BNP Paribas is often referred to as a French bank,[13] the Belgian government is a significant shareholder with 5.3 percent equity ownership (as of mid-2023),[14] and the bank's oldest significant predecessor entity is the Société Générale de Belgique established in 1822.[15]

  1. ^ "The Comptoir National d'Escompte de Paris (1848-1966)". BNP Paribas. 26 May 2023.
  2. ^ "The Banque de Paris et des Pays-Bas (Paribas) – 1872-2000". BNP Paribas. 26 May 2023.
  3. ^ "A European leader – Since 2000". BNP Paribas. 26 May 2023.
  4. ^ a b c d e f "2022 Consolidated Financial Statements". BNP Paribas. Retrieved 22 March 2023.
  5. ^ "BNP Paribas". Retrieved 4 April 2023.
  6. ^ "Constituents". boerse-frankfurt.de. Archived from the original on 19 November 2015.
  7. ^ "Largest banks worldwide as of December 2021, by assets". statista.com. Statista. 29 August 2022. Retrieved 21 March 2023.
  8. ^ "How BNP Paribas Became One of the World's Biggest Banks – SBNN". SBNN. 12 September 2017. Archived from the original on 19 March 2018. Retrieved 18 March 2018.
  9. ^ "2022 List of Global Systemically Important Banks (G-SIBs)". www.fsb.org. 21 November 2022. Retrieved 27 November 2022.
  10. ^ "Forbes Global 2000". Forbes. Retrieved 12 June 2023.
  11. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  12. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  13. ^ "French bank BNP Paribas sued for financing fossil fuel companies". rfi.fr. 23 February 2023.
  14. ^ "BNP Paribas Share". BNP Paribas.
  15. ^ "Pioneering Times: 1822-1913". BNP Paribas.

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