Banque Nationale de Paris

(redirected from BNP Paribas)
Also found in: Acronyms, Wikipedia.

Banque Nationale de Paris


(National Bank of Paris), a major French bank of deposit, one of the ten largest commercial banks in the world. The bank was founded in 1966 through the merger of one of the country’s largest banks of deposit—the Banque Nationale Pour le Commerce et L’Industrie, founded in 1932—with one of the oldest banks of deposit—the Comptoir National Descompte de Paris, founded in 1848; both banks were nationalized in 1945. In practice, the interests of the Banque Nationale are interwoven with almost all the country’s major private monopolies.

Along with extending short-term credits to key sectors of the French economy through its specialized affiliates, the Banque Nationale de Paris provides long-term credits; is co-owner of various industrial enterprises, encouraging their reorganization and consolidation for purposes of industrial expansion; guarantees and sells stocks and bonds of state and private enterprises; and actively tries to attract small depositors while promoting the sale of securities through its own investment houses. In the area of foreign trade, the bank specializes in financing major construction and industrial projects carried out abroad by French companies. The Banque Nationale also participates in the issuance of stocks and long-term loans and in the formation of international financial associations. Together with the biggest banks of the other Common Market countries and of the United States, the Banque Nationale helped create the European Financial Society for the medium- and long-term financing of capital investments.

The bank has more than 2, 000 branches in France and is represented abroad on every continent by 52 branches and 15 representative agencies, including one in Moscow since January 1974. The bank also has a network of subsidiary banks and holdings in other banks located in 194 cities. As of Jan. 1, 1973, total assets of the Banque Nationale were 101.7 billion francs, with 1.0 billion francs in reserves, 84.0 billion francs in deposits, and 64.3 billion francs outstanding in discount and loan operations.


References in periodicals archive ?
BNP Paribas Mutual Fund manages the asset management activities of BNP Paribas Investment Partners in India.
These new solutions, which bring together BNP Paribas Fixed Income and Cash Management expertise, are available for corporate treasurers who hold an account in the majority of European countries where BNP Paribas is present via its One Bank for Corporates network.
Belgium is even allowed to sell all the shares in the French group after the buyback of insurer Ageas' (EBR:AGS) call option on shares in BNP Paribas.
The total consideration to be offered by Emirates NBD for 100 per cent of BNP Paribas Egypt under the transaction is $500 million.
8220;For BNP Paribas Real Estate, Transwestern is a partner of choice due to its size, its broad coverage of the United States and its excellent market knowledge.
With the Gujarat state redefining infrastructure development and industrial activity in India, Srei BNP Paribas has matched the passion of the state with its disbursal in the Gujarat state being among the highest in India.
BNP Paribas TCB expects its FYP revenues for interest-variable annuity to exceed US$1.
The 2nd Annual FundForum Middle East 2008, was yet again another opportunity for BNP Paribas to demonstrate its strong commitment to the development of asset management and securities services in the Gulf countries.
The new company will complement HFT Investment Management, a joint venture between BNP Paribas Investment and China's second-largest brokerage, Haitong Securities (SHA: 600837), the report noted.
BNP Paribas has worked with the US authorities to resolve these issues and the resolution of these matters was coordinated by its home regulator (Autorite de Controle Prudentiel et de Resolution - ACPR) with its lead regulators.
Through this research centre, BNP Paribas hopes to contribute towards the growth of the Islamic Finance sector in Malaysia and the region, as Malaysia is a strategic hub for BNP Paribas' Islamic Banking business in Asia-Pacific.
A 50:50 joint-venture between Srei Infrastructure Finance Limited, India s leading and only private sector Non Banking Financial Institution in the infrastructure space and BNP Paribas Lease Group (BPLG), a wholly owned subsidiary of BNP Paribas, France, Srei BNP Paribas had disbursed over Rs.