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BN Paribas Bank
Headquartered in Paris, BNP Paribas S.A., is one of the major global banking operations. The second global headquarters of this bank is in London in the United Kingdom. This bank had been ranked as largest bank and financial organization with the global presence and the assets recorded more than $3.1 trillion in the 2010 rankings.
Merging of Banque Nationale de Paris (BNP) and Paribas in the year 2000 led the foundation of BNP Paribas S.A. The bank became largest bank in the Eurozone in terms of deposits held with the acquiring 75 percent stake of Belgium’s Fortis Bank in the year 2009.
This bank had unexpected €3bn net profit for the year 2008 and €5.8 for 2009 thereafter that too while the European region was in the verge of debt crisis. The bank is known in the world for several initiatives taken for credit ratings purposes.
BNP Paribas S.A., has major focus on the three major strategic operations including Retail, Corporate & Investment banking solutions and various Investment Solutions with the sub areas like asset management, real estate and custodial banking.
Domestic market of BNP Paribas S.A., banking operation is in France, Italy, Belgium and Luxembourg. It is equally active in the American region and other countries like Poland, Turkey, Ukraine and North Africa besides London, Hong Kong and Singapore etc.
Bnp Paribas Details:
IFSC Code of Banks In India