BNP Paribas

BNP Paribas
Company typePublic
IndustryFinancial services
Founded
Headquarters20 Boulevard des Italiens
Paris, France
Area served
Worldwide
Key people
Products
RevenueIncrease €45.9 billion (2023)[4]
Decrease €11.2 billion (2023)[4]
Increase €10.9 billion (2023)[4]
Total assetsDecrease €2.59 trillion (2023)[4]
Total equityIncrease €124 billion (2023)[4]
Number of employees
186,162 (2023)[4]
Divisions
List
Subsidiaries
List
Websitegroup.bnpparibas/en/

BNP Paribas (sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris.[5][6][7][8] It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas.[9] It also incorporates many other major institutions through successive acquisitions, including Fortis Bank 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 is a component of the Euro Stoxx 50 stock market index.[10] It is the second largest bank in Europe and eighth largest bank in the world by total assets.[11] It became one of the five largest banks in the world following the 2007–2008 financial crisis.[12] It is considered a systemically important bank by the Financial Stability Board.[13] In the Forbes Global 2000, BNP Paribas was ranked as the 33rd largest public company in the world.[14] 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.[15][16]

Although a French banking group, the Belgian government has been a significant shareholder since 2009 (with 5.3% equity ownership as of mid-2023)[17] as a result of the group's acquisition of Fortis Bank Belgium, heir to the Société Générale de Belgique established in 1822.[18]

  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 "Universal Registration Document and Annual Financial Report 2023". BNP Pariba3. 22 March 2024. Retrieved 30 July 2024.
  5. ^ "BNP Paribas retains top spot in France's best-performing banks". thebanker.com. 9 July 2024.
  6. ^ "French banks BNP Paribas and BPCE in payments sector tie-up". reuters.com. 13 June 2024.
  7. ^ "French bank BNP Paribas sued for financing fossil fuel companies". rfi.fr. 23 February 2023.
  8. ^ "BNP Paribas Profile". forbes.com. 17 September 2024.
  9. ^ "BNP Paribas". Retrieved 4 April 2023.
  10. ^ "Constituents". boerse-frankfurt.de. Archived from the original on 19 November 2015.
  11. ^ "Largest banks worldwide as of December 2021, by assets". statista.com. Statista. 29 August 2022. Retrieved 21 March 2023.
  12. ^ "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.
  13. ^ "2022 List of Global Systemically Important Banks (G-SIBs)". www.fsb.org. 21 November 2022. Retrieved 27 November 2022.
  14. ^ "Forbes Global 2000". Forbes. Retrieved 12 June 2023.
  15. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  16. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  17. ^ "BNP Paribas Share". BNP Paribas.
  18. ^ "Pioneering Times: 1822-1913". BNP Paribas.