BNP Paribas

Management

Baudouin Prot ( Chairman ) Jean -Laurent Bonnafé (CEO)

BNP Paribas is one of the leading commercial banks of France and was measured at the inserts 2010, the largest bank in Europe, as measured by market value 2011, the third largest bank in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris ( BNP) and Paribas. Together with Société Générale and Crédit Lyonnais she is one of the three ancient commercial banks ( " les trois vieilles " ) of France.

The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.

History

BNP was created in 1966 from the merger of the Banque Nationale du Commerce et de l'Industrie ( BNCI ) with the Comptoir National d' Escompte de Paris ( = National Discount Bank Paris; short CNEP ). 1993 BNP was privatized.

The original Compagnie Financière de Paris et des Pays -Bas ( = finance company of Paris and the Netherlands ), commonly known as Compagnie Financière de Paribas, changed in 1998 with the acquisition of Compagnie Bancaire, the name simply to " Paribas ".

In 1999, BNP and Société Générale gave a complicated takeover battle in the stock market, with Société Générale gave a bid for Paribas, which was answered by BNP with a bid for Société Générale and a counter- bid for Paribas. BNP bid for Société Générale failed, while its bid for Paribas ultimately culminated in the merger of BNP Paribas and.

Until 2001, all revenue from the Iraq Oil for Food program was managed on a fiduciary account exclusively at BNP Paribas. Thereafter, they were placed on deposit with several unnamed international banks.

In 2002, the German direct bank Consors was based in Nuremberg, 2006, the sixth-largest Italian bank Banca Nazionale del Lavoro Institute was taken over.

As of October 2008, the BNP Paribas tried to take over Fortis Bank Belgium SA.

In the context of the financial crisis, the French government announced in January 2009 its willingness to grants for BNP Paribas. In December 2008, the state had already taken subordinated debt over 2.55 billion euros of the BNP, which has replaced this now the end of March 2009. The Ministry of Finance said on 31 March 2009, the state holding company Société de Prise de Participation SPPE de l'Etat would take over for 5.1 billion euros, BNP Paribas approximately 187 million preferred shares without voting rights. Thus, the Tier 1 capital ratio rises to 8.4 per cent and the equity Tier 1 capital ratio to 6.5 per cent. The end of September, 2009, the Bank announced that it would carry out a capital increase to finance the measure. The issue of new shares to the value of € 4.3 billion is planned.

After the French State holds 17.03 per cent stake and is the largest single shareholder in front of the AXA insurance group and the employees of the BNP, each with 4.8 percent.

Business activities

Profile

In terms of their market capitalization and its net income BNP Paribas is the largest bank in the euro zone. It employs 162,700 people, including 126,600 in Europe are employed, and achieved a presence in more than 85 countries. The Bank is engaged in the three core business areas "Retail Banking", " Corporate and Investment Banking" and " Asset Management and Services ".

In France, BNP Paribas is associated with 2,200 branches and 4,900 ATMs in retail banking with 6 million French households, 500,000 businesses and 20,000 corporate customers.

Expansion to China

On 23 September 2005, BNP Paribas acquired a 20% stake in China's Nanjing City Commercial Bank, like a Chinese official press release in the state press reported. The Oriental Morning Post in Shanghai explained that BNP for U.S. paid $ 100 million, even though a bank employee denied this sum. He declined, however, to announce further details. The French newspaper La Tribune reported that BNP Paribas with four Chinese commercial banks - Ningbo, Wuxi and Nanjing Suzhou - spoke and was willing to invest between U.S. $ 50 and 100 million.

" We talked with various financial institutions, but only BNP showed confidence. It was not easy for us to reach a good agreement, "said an official of the Nanjing City Commercial Bank. BNP declined to comment. The International Financial Corporation, the Investment Bank of the World Bank, already owns 15 % of the Nanjing City Commercial Bank, which has a regular application for listing on the national stock exchange of the country.

Takeover of the Belgian Fortis Group

The French BNP Paribas takes over in the wake of the financial crisis from 2007 on 6 October 2008, 75 percent of Belgian and 67 percent of the Luxembourg part of the Fortis Group for 14.5 billion euros. The insurance business of Fortis group exclusive of Fortis Insurance NV Netherland and exclusive of Fortis Insurance International (to which Germany Fortis Life Insurance AG is a subsidiary ) acquires BNP to 100 %.

Due to complaints from small Belgian shareholders decided a Belgian court in mid-December 2008 that a takeover of Fortis in Belgium must be suspended until a decision of the shareholders. On the Fortis Annual General Meeting on 11 February 2009, 50.3 percent of the shareholders decided against splitting of the Fortis Holding, against a partial sale to the Belgian State and against a subsequent sale to BNP Paribas.

The Fortis Bank Belgium was acquired by the Belgian state holding SFPI / FPIM on May 12, 2009. and renamed as BNP Paribas Fortis.

See also: Fortis (companies ), sales division of the Fortis Group

Subsidiaries

The subsidiary of BNP Paribas include:

• ARVAL - companies (brand independent automotive fleet leasing)
• Banque de Bretagne
• BNP Paribas Personal Finance S. A. (formerly Cetelem Bank) Commerz Financial (formerly Dresdner -Cetelem credit bank ) ( consumer loans ), Munich

Stock market data

BNP Paribas is listed on the Euro Next Paris Stock Exchange and on the Tokyo Stock Exchange and is one of the French stock market index CAC40 on.

Sponsoring

BNP Paribas is among other things a sponsor of the Davis Cup and the French Open in tennis and shirt sponsor of the RSC Anderlecht.

Criticism

In September 2010, BNP Paribas was sentenced along with ten other banks by the Conseil de la Concurrence to pay a fine in the amount of 381.1 million euros. The banks had made ​​an arrangement to the effect that they and July 2007 of its customers 4.3 cents per check fees check required by January 2002 in order to achieve extra profits. This was 80 % of the checks used in France. By 2002, the check transactions in France was free. After the intervention of the banking supervision, " unlawfully " called the gains, this practice was stopped. The banks of the cartel were also punished for excessive fees along with 3.8 million euros. BNP played the Conseil de la Concurrence, according a leading role in the cartel, which is why their penalty 10 % was higher. She was raised by a further 20 % because BNP had been convicted in 2000 for obstruction of competition to a penalty.