BNP Paribas

BNP Paribas (), French Bank, was born the May 22nd 2000 from the fusion of the National Bank of Paris (BNP) and Paribas. It has a subsidiary company of management of very important fortune: BNP Paribas Private banking. It is with dimensions at the Primary market of Euronext Paris and fact part of the index CAC 40. It is the first bank of the Euro area by the Market cap.

History

BNP

At the origin of BNP, one finds:
  • National Counter of Discount of Mulhouse, consituté in March 1848
  • CNEP, made up in 1848.
  • the BNCI, creates in 1932, starting from the BNC, creates in 1913.
BNP was born in 1966 from fusion from BNCI (National Bank of the Trade and Industry) and from CNEP (National Counter of Discount of Paris). It is privatisée in 1993.

Paribas

In the beginning, one finds the Banque of Paris and the Netherlands created in 1872. In 1968, a Holding, the Finance company of Paris and the Netherlands , is created.

In 1982, the Finance company of Paris and the Netherlands is nationalized. The name Paribas appears. This name was the telegraphic address of the bank since the beginning of the century.

In the beginning Finance company of Paris and the Netherlands , the Finance company of Paribas becomes Paribas in 1998 after absorption of the Banking Compagnie .

The name Paribas is invented with the beginning of the year sixty by the artist and the Belgian contractor Bobbejaan Schoepen.

BNP Paribas

In 1999, a stock exchange battle opposes BNP and the General society for fusion with Paribas. The success of the operation of BNP, thanks to the support of Axa, will lead to the creation of the group BNP Paribas .

In May 2001, BNP Paribas acquires the 55% of BancWest which it did not have yet. BancWest becomes a subsidiary company at 100% then. In 2005, BNP Paribas pursues its strategy of targeted growth and announces acquisition, via its subsidiary company BancWest, of the US bank Federal Commercial Corporation. In 2006, BNP Paribas acquires the Italian bank Banca Nazionale del Lavoro (BNL).

In some figures

BNP Paribas is the first bank of the Euro area by its market cap and its results. At the end of June 2006, it employs: 138000 collaborators (except Cofinoga manpower), of which: 70000 in Europe (following the acquisition of Banca Nazionale del Lavoro), distributed on 85 countries.

In France, BNP Paribas is a bank of network with: 2200 agencies.

According to the American magazine Fortune 2007, BNP Paribas is the sixth World Bank by its sales turnover and the eighth by its benefit. It generated a sales turnover of 109 billion USD.

And according to the magazine Forbes (magazine) 2006, this one would be the 14th world company and the 1st French company.

Activity

Three great spheres of activity:
  • Bank of Detail: Bank of Detail in France, Finance departments and Banks of Detail to International the
  • Banque of Financing and Investment: A cover of the customers by territories, the Councils and Markets of Capital, Trades of Financing
  • Asset Management and Services: Institutional and Deprived management, Insurance, Titles, Capital Real estate, BNP Paribas

Bank of detail to the International one

  • China : BNP Paribas with a participation of 20% in Bank off Nanjing. It has a network of 60 agencies for 1500 employees, and it is the 21e banks commercial of China.
  • the United States: BNP Paribas carries on its activities in the United States through its subsidiary company BancWest. Extremely of its 740 agencies and 4,2 million customers, BancWest is the fifth bank of the American West in terms of deposits. She carries on her activities under two names, Bank off the West and First Hawaiian Bank.
  • Italy : BNP Paribas is present in Italy since 2006 following the repurchase of the sixth bank of the country Banca Nazionale del Lavoro for nearly 9 billion euros. With 900 agencies and 2,6 million customers, Italy is the second domestic market of BNP Paribas.
  • Turkey : BNP Paribas has a participation of 50% in TEB Mali , the holding which controls 84,25% of Türk Ekonomi Bankasi (TEB). It is into 2005 that BNP Paribas enters to Turkey by taking this participation for 217 million dollars. TEB has 192 agencies and figures among the first ten banks of the country.
  • Ukraine : BNP Paribas enters on the Ukrainian market in April 2006 by taking 51% of the capital of UkrSibbank. With close to: 1000 agencies for: 11000 employees, UkrSibbank is the third actor of the banking environment in Ukraine in terms of credit
  • Canada : BNP Paribas is in partnership with the bank Scotia

Source:

Other Subsidiary companies

  • Arbitration
  • Arval
  • Arius
  • Artegy
  • the Workshop BNP Paribas
  • Banexi
  • Bank of Brittany
  • Cetelem (Consumer credit)
  • Cortal Consors
  • BNP Paribas Insurance (CARDIFF)
  • BNP Paribas El Djazaïr (Algeria)
  • BNP Paribas Lease Group (BPLG)
  • BNP Paribas Invest Immo - real Financing and regrouping of appropriations
  • BMCI (Morocco)
  • UCB (real estate credit)
  • UBCI (Tunisia)
  • AtisReal (Real)
  • BNP Paribas Immobilier (Real)
  • BNP Paribas Arbitrage (Activities of market)
  • BNP Paribas Securities Services (Trade Titles)
  • BICICI banks for the trade and industry (ivory coast)
  • BICIM - banks for the trade and industry in Mali (Reference mark of MALI)
  • Overlay Asset Management - Management company (Hedge Fund) specialized in the exchange
  • Fund Quest (management of credits)
  • BNP Paribas Partners for Innovation (BP ² I) - Subcontracting data processing
  • BICIS (Senegal)
  • BNP Paribas the Mediterranean IT (Morocco)
  • Pargesa Holding (by indirect participations). Pargesa is the parent company of the Group Brussels Lambert, first shareholder of Suez.

Bank of financing and investment

Derivative products Actions

  • Elected Equity Derivative House off the Year by Risk Magazine in 2006.

Raw materials

The bank Paribas become BNP Paribas traditionally is very implied in the Oil markets.

Oil against food - BNP-Paribas was the independent source of financing of the exchanges Pétrole against food of UNO which will give place to the Affaire oil against food. It was for this reason quoted in the report/ratio of Paul Volcker (Rapport Volcker), in which it was shown to use companies screens (companies offshore oil rig) to hide the real identity of the interlocutors of the Iraqi Dictateur Saddam Hussein in this traffic.

The company Kensington International carried felt sorry for racket to the court of New York, by showing French bank BNP-Paribas of complicity with the Congolese leaders for the dissimulation of the oil incomes of the Congo. BNP-Paribas denied the allegations of Kensington International.

Market

BNP Paribas is present in 88 countries (June 2006). 6th rank by equities in Europe.

Government of the company

The Board of directors is composed of 13 administrators elected by the Actionnaire S and of two administrators elected by the employees. The term of the offices of the administrators is fixed at three years for the administrators from which the mandate comes to renewal, pursuant to the recommendations of place.

Executive committee

The Executive committee is directed since June 2005 by Baudoin Prot.
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Board of directors

The Board of directors is chaired since June 2003 by Michel Pébéreau, date on which the president's functions and of managing director are separate.

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Former members:

Shareholding

2006: Institutional investors 69.30%, Axa 5.50%, employees 5.20%.

Patronage

Placed under the aegis of the Foundation of France, the purpose of the Fondation BNP Paribas is to support the dialog between the banking world and its cultural or social environment.

The projects are preselected by the General secretary of the Foundation BNP Paribas and submitted to the Committee of patronage. The Committee decides following giving to the projects and of the amount of the allocated assistance. The General secretary ensures the implementation and the follow-up of the actions.

Tennis

BNP Paribas sponsored various tournaments of Tennis, of which the tournament of Roland Garros, Masters of Bercy (BNP Paribas Masters), the Coupe Davis, the Fed Cup, etc Put aside tennis, BNP Paribas also turns to the failures; it is partner of FE (French federation of the failures).

Others

Strikes

In 1977, BNP was paralyzed during two months by a strike of the data processing specialists which obtained a refitting of their rate/rhythm of work. Among these strikers, Nathalie Ménigon will leave BNP in 1978 before taking part the following year in the creation of the group Direct action.

Bank shares

The quatres stars of the logo symbolize the values of BNP Paribas, which are engagement, the reactivity, the ambition and the creativity.

Anecdote

In spring 1973 Publicis made a cynical advertizing campaign for BNP: on a poster a framework stated this sentence: to speak frankly, your money interests me . The impact of this countryside was important, the press was made echo of complaints of the customers who expressed their wish to change bank.

History of some buildings of BNP Paribas to Paris

The Gilded House

With the site of the Gilded House, rose formerly the Choiseul-Stainville hotel where lived Mrs Tallien. Demolished, the hotel was replaced by the Hardi coffee, famous under the Empire, then by the Gilded House, Parisian restaurant during nearly one half-century celebrates. Even if the date of 1839 is reproduced on the frontage of the building, one is unaware of when the current building of the Gilded House was built exactly, thus called because of the balconies which always decorate its frontage. In 1853, Alexandre Dumas installed at the ground floor the drafting of his newspaper “the Musketeer”. It is as at the Gilded House as the last exposure was held of the Impressionists in 1886. At the end of the Second Empire, the establishment declined and a post office took the place of luxurious restoring. In 1976 BNP undertook the restoration of the frontage of the building and installed its international division there. The Gilded House shelters today offices, an auditorium and a room of market of BNP Paribas.

The Orangery

The street of Antin is traced in 1717 and the construction of the Hotels which constitute the Head office of BNP Paribas today is spread out of 1715 to 1725. The principal hotel of the 3 rue d'Antin, where the Orangery is, owes its existence with a member of Parliament, Etienne Bourgeois of Boynes, general treasurer of the Royal Bank. His/her son, who was Minister for the Navy, remained a long time in these places. Sold in 1754, the hotel falls in heritage with the Roller of Mondragon and becomes Hôtel of Mondragon then. During the Revolution, the building is seized like “national good” and the town hall of the II° district of Paris becomes tenant about it. It is in the room of the marriages, with a few meters of the Orangery, which was celebrated in 1796 the union of Bonaparte and Joséphine de Beauharnais. Mondragon yielded the Hotel to the Bank of Paris in 1869. Born from the fusion of the Bank of Paris and the Bank of Credit and Deposit of the Netherlands, the Bank of Paris and the Netherlands, today BNP Paribas, establishes its seat there as of its creation in 1872. In the years 1960, the Orangery was built on the site of the court of the hotel of Mondragon to accommodate the visitors of the Bank, and became the heart, even the symbol of BNP Paribas.

The Holy Market Honore

In 1613, on the current place of the Holy Market Honore, Marie de Médicis inaugurated a monumental convent for Dominican known as “Jacobins”. During the Revolution, the convent was closed and replaced by the club of the Jacobins where the revolutionists around Robespierre met. After the demolition of the buildings, one built at the 19th century four houses intended to accommodate a market which a fountain supplied with the pump of Chaillot decorated. In the years 1960, this unit was destroyed to be replaced by a carpark. At the end of the concession of the carpark, the town hall of Paris entrusted a new project to Ricardo Bofill, architect Catalan whose workshop is established in Barcelona, Paris and New York. Paribas seizes this opportunity of rationalizing its establishment in the district of the Opera and joins the project. In 1997 the construction of a building of clear glass is completed which, joining again with the tradition of the XIXe century of the roofed passageways bordered of shops. The Holy Market Honore currently shelters the offices of the Bank of Financing and Investment (BFI) of BNP Paribas.

References

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