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.

K. A. SHTROM

References in periodicals archive ?
The Paris bourse said Monday trading was suspend in the Paribas shares while the bourse awaited a statement from the French bank, whose management control was won by Banque Nationale de Paris (BNP) last month.
By the end of 1998, Insignia/ESG had secured major lease commitments from law firms Debevoise & Plimpton (423,000 square feet) and Schulte Roth & Zabel LLP (213,000 square feet), as well as Banque Nationale de Paris (190,000 square feet).
Project finance has featured a major credit syndicated by 10 banks under Banque Nationale de Paris and Bank Melli Iran, with 85% guaranteed by the French export credit agency COFACE, and Japanese credits arranged by Nissho- Iwai.
The company, which has its German-language home page at http://www.www-service.com/, handles domain name registration, email and site hosting for customers as varied as Fuji Photo Film Europe, Banque Nationale de Paris and Siemens.
The facility, underwritten by arranging banks Banque Nationale de Paris and Dresdner Bank, will fund up to 60 per cent of the acquisition costs.
He was apparently referring to Banque Paribas of France, which is to merge with the state-run Banque Nationale de Paris.
The European Commission's Competition Directorate-General, DG IV, has been notified of a new commercial banking joint venture formed by Banque Nationale de Paris (BNP) and Frankfurt-based Dresdner Bank, to be called BNP-Dresdner European Bank AG, Vienna.
Banque Nationale de Paris sold a block of occupied sponsor units, reports Mark Zborovsky, president of Mark Zborovsky and Company Inc., a firm specializing in analysis, appraisals and sales of large blocks of sponsor units in New York which was a broker on the sale.
The Commission des Operations de Bourse, the Paris stock market regulator, is investigating share dealing in Banque Nationale de Paris, Paribas and Societe General, after the UK insurer confirmed it is interested in lifting its stake in the latter from 3.1 per cent to as much as ten.
The co-lead managers are ABN AMRO, Banque Nationale de Paris, Barclays Capital, Commerzbank, Deutsche Bank, Merrill Lynch, Warburg Dillon Read (Germany), and WestLB.
Some of the major companies considering moves to Midtown include Kidder Peabody, Sumitomo Bank, Banque Nationale de Paris and Donaldson, Lufkin and Jenrette.
SIP's clients include some of the biggest players in French finance - Banque Nationale de Paris, Credit Commercial de France Capital Management, CDC Asset Management Europe and Robeco in Paris.
Full browser ?