Banque Nationale de Paris

Also found in: Acronyms.

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 ?
Banque Nationale de Paris sold a block of occupied sponsor units, reports Mark Zborovsky, president of Mark Zborovsky and Company Inc.
He brings expertise in bank financing, risk evaluation and acquisition projects viability, having gained related experience over the past twelve years in commercial and corporate financing with National Bank of Canada, Banque Nationale de Paris, Bank of Montreal, and more recently with GE Capital.
France's Banque Nationale de Paris has made a daring bid to create the world's biggest bank, offering more than pounds 23 billion to buy rivals Paribas and Societe Generale.
Some of the major companies considering moves to Midtown include Kidder Peabody, Sumitomo Bank, Banque Nationale de Paris and Donaldson, Lufkin and Jenrette.
The principal investors in Infinity are Clal Industries, GE Asset Management, the American investment bank Friedman Billings Ramsey (FBR), and the founders of Nitzanim - the Rind/Butler Group and Banque Nationale de Paris of France.
Versant customers include ADC Telecommunications, AT&T, Alcatel Network Systems, Banque Nationale de Paris, British Telecommunications plc.
Since then his credits have included key posts at the Gas Council, Banque Nationale de Paris and Severn Trent Water before becoming group finance director at the Royal Automobile Club.
Prior to CMG, Leahy held various positions at Hong Kong and Shanghai Banking Corporation, and Banque Nationale de Paris.
by Banque Nationale de Paris (both now rated single-'A'-plus/Positive/'A-1') during the second half of 1999.
Deutsche might consider ABN AMRO or ING in the Netherlands, or it could go for Switzerlands Credit Suisse or Banque Nationale de Paris or Societe Generale in France.
Prior to EFIC, he worked at Banque Nationale de Paris as assistant general manager of the Structured Finance Division.
It is the eleventh transaction completed by ASPEN since its formation in late 1996, and the second under a new credit facility led by Banque Nationale de Paris that was put in place this past summer.
Full browser ?