1. BNP Paribas
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BNP Paribas
Type Public (Euronext: BNP, TYO: 8665)
Founded 23 May 2000
Headquarters Boulevard des Italiens, Paris, France
Baudouin Prot (CEO), Michel Pébereau
Key people
(Chairman of the board)
Industry Financial services
Retail, corporate and investment banking;
Products
asset management
Revenue €104.259 billion (2007)[1]
Profit €7.936 billion (2007)[1]
Total assets €1.835 trillion (2007)[1]
Employees 162,687 (2007)[1]
Website http://www.bnpparibas.com/

2. BNP Paribas (Euronext: BNP, TYO: 8665) is one of the main banks 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 (now known as LCL), it is one of the quot;three
oldquot; banks of France. It is a constituent of the CAC 40 index.
On 9 August 2007, BNP Paribas announced that it could not fairly value the underlying assets in
three funds as a result of exposure to U.S. subprime mortgage lending markets.[2] Faced with
potentially massive (though unquantifiable) exposure, the European Central Bank (ECB)
immediately stepped in to ease market worries by opening lines of €96.8 billion (then US$130
billion) in low-interest credit.[3] The long term debt of the group is currently ranked AA+ by
S&P, Aa1 by Moody's and AA by Fitch.[4]
Contents
1 History
2 Activity
o 2.1 Profile
3 Events in 2005
o 3.1 Major shareholders
o 3.2 Subsidiaries
4 Notable current and former employees
o 4.1 Business
o 4.2 Politics and public service
o 4.3 Other
5 See also
6 References
7 External links
[edit] History
In 1869, a group of bankers and investors including Adrien Delahante, Edmond Joubert and
Henri Cernuschi founded the Banque de Paris, with its headquarters near the Opera at 3 rue
d'Antin, Paris. Jonathan-Raphaël Bisschoffsheim and his brother founded the Nederlandsche
Credit en Deposito Bank (NCDB) or Banque de Crédit et de Dépôt des Pays-Bas[5]
After the end of World War II, the French State decided to quot;put banks and credit to work for
national reconstructionquot;. René Pleven, then Minister of Finance, launched a massive
reorganization of the banking industry. A law passed on 2 December 1945 redefined the
regulatory framework governing the industry and decreed the nationalization of the Banque de
France and the four leading French retail banks: BNCI, CNEP, Crédit Lyonnais and Société
Générale. It went into effect on 1 January 1946.

3. Shares in these companies were transferred to the French State, which assumed complete
ownership of the financial institutions. The boards of directors were dissolved and twelve new
directors were appointed at each bank. BNCI and CNEP were merged in 1966 to form BNP.
BNP was privatised in 1993.
Originally the Compagnie Financière de Paris et des Pays-Bas (Finance Corporation of Paris
and the Netherlands), the Compagnie Financière de Paribas became simply Paribas in 1998 after
acquiring the Compagnie Bancaire. Claude de Kemoularia was an important executive in the
bank in the 1960s and 1970s.
In 1999, BNP and Société Générale fought a complex battle on the stock market, with Société
Générale bidding for Paribas and BNP bidding for Société Générale and counter-bidding for
Paribas. BNP's bid for Société Générale failed, while its bid for Paribas succeeded leading to a
merger of BNP and Paribas one year later on 22 May 2000.
On 6 October 2008, BNP took over 75% of troubled bank Fortis' activities in Belgium, and 66%
in Luxembourg, in exchange for the Belgian government becoming the new group's major
shareholder. The sales of the Fortis shares was suspended by a court order from the Court of
Appeal on Friday the 12th of December[6][7]
On 14 December 2008, BNP announced it could lose €350 million as a victim of the Madoff
fraud.[8]
In the end of January, the Belgian government and BNP negociated for only a 75% partnership
in Fortis Bank Belgium. Fortis Insurance Belgium would be reintegrated in Fortis Holding.
On 11 February, Fortis' shareholders decided that Fortis Bank Belgium and Fortis Insurance
Belgium does not become property of BNPparibas. Nowadays, Fortis Holing only consists of
Insurances all over Europe and Asia. Fortis Bank Belgium & Netherlands is in the hands of the
national government.
[edit] Activity
[edit] Profile
BNP Paribas is the largest bank in the Eurozone by total assets and second largest by market
capitalization according to The Banker magazine. It employs 162,700 people, of which 80,000
work in Europe, and maintains a presence in 87 countries. The bank is active in the finance,
investment and asset management markets.
In France, BNP Paribas is active in retail banking with 2,200 branches and over 3,200 ATM
machines. In Paris alone the Bank has 187 agencies. [9]BNP Paribas serves over 6 million French
households and 60,000 corporate customers.

4. In the United States, BNP Paribas owns Bank of the West. It also has investment banking
capabilities via its BancWest subsidiary. In particular, it is strong in equity derivatives, structured
products and project finance. In addition, BNP Paribas maintains a strong middle market
merchant banking group. This group focuses on providing leveraged acquisition finance to
private equity sponsored leveraged buyouts, both through senior secured syndicated loans, high
yield bond offerings, equity co-investment, and mezzanine financing.
BNP Paribas is a member of the Global ATM Alliance, a joint venture of several major
international banks that allows customers of the banks to use their ATM card or check card at
another bank within the Global ATM Alliance with no fees when traveling internationally. Other
participating banks are Barclays (United Kingdom), Bank of America (United States), China
Construction Bank (China), Deutsche Bank (Germany), Santander Serfin (Mexico), Scotiabank
(Canada) and Westpac (Australia and New Zealand).[10]
On 11 June 2008, BNP Paribas formally signed the final terms of an agreement to purchase the
Prime Brokerage Services division of Banc of America Securities. The sale is widely believed to
be completed by the end of the 3rd Quarter, 2008.
[edit] Events in 2005
On 23 September 2005, BNP Paribas was set to take a 20 percent stake in China's Nanjing City
Commercial Bank, a Chinese official and state press reports said. quot;BNP is going to sign a deal
with us to buy a stake next month,quot; an official from Nanjing City Commercial told AFP. The
Shanghai-based Oriental Morning Post said BNP would pay up to US$100 million, although the
bank official said the figure was incorrect. He declined to give further details. The French
newspaper La Tribune reported in August 2005 that BNP Paribas had talked to four Chinese
commercial banks—Ningbo, Wuxi, Nanjing and Suzhou—and was prepared to invest US$50–
100 million. quot;We've talked to different financial institutions, but only BNP showed its good faith.
It was not easy for us to reach an agreement,quot; the Nanjing City Commercial Bank official said.
BNP Paribas refused to comment. The International Financial Corporation, the investment arm
of the World Bank, already owns 15 percent of Nanjing City Commercial Bank, which has
regulatory approval to list on the country's domestic stock markets.
[edit] Major shareholders
AXA insurance company
Customers
Employees
General Mediterranean Holdings
[edit] Subsidiaries
Arval
Artegy
Atisreal
BancWest (Bank of the West & First Hawaiian Bank)

5. Banque de Bretagne
BMCI
BNP Paribas Arbitrage
BNP Paribas Asset Management
BNP Paribas Hong Kong
BNP Paribas Lease Group
BNP Paribas Securities Services
bci mer rouge djibouti
Cardif Pinnacle
CETELEM
CortalConsors
FundQuest
BNL (Banca Nazionale del Lavoro)
Geojit (Geojit BNP Paribas Financial Services Ltd.)
L'Atelier
CIB
TEB (Turk Ekonomi Bankasi)
Cardif
Creation Consumer Finance [11]
Lafayette Services [12]
[edit] Notable current and former employees
[edit] Business
Boris Adlam - British financier
Nassim Taleb - practitioner of financial mathematics
[edit] Politics and public service
Louis Alphonse of Bourbon, Duke of Anjou - considered by royalists as the head of the
French Royal House.
Jacques de Larosière - managing director of the International Monetary Fund (1978-87);
Governor of the Banque de France (1987-93)
Lorenz of Habsburg, Archduke of Austria-Este
[edit] Other
David McWilliams - economist
Georges Chodron de Courcel - Managing Director, from the family of Mrs. Bernadette
Chirac
[edit] See also
List of French companies

6. List of banks
Primary dealers
European Financial Services Roundtable
Angolagate
[edit] References
1. ^ a b c d quot;Annual Report 2007quot; (PDF). BNP Paribas. http://invest.bnpparibas.com/en/financial-
reports/documents/registration-document-2007.pdf. Retrieved on 2008-06-16.
2. ^ quot;BNP Paribas Investment Partners temporally suspends the calculation of the Net Asset Value
of the following funds: Parvest Dynamic ABS, BNP Paribas ABS EURIBOR and BNP Paribas
ABS EONIAquot;, BNP Paribas, 9 August 2007
3. ^ quot;Big French Bank Suspends Fundsquot;, New York Times, 9 August 2007
4. ^ http://www.fitchratings.com/corporate/ratings/issuer_content.cfm?issr_id=80359629 Fitch
ratings
5. ^ La Banque de Crédit et de Dépôt des Pays-Bas
6. ^ http://www.lemonde.fr/la-crise-financiere/article/2008/10/06/bnp-paribas-prend-le-controle-de-
fortis-en-belgique-et-au-luxembourg_1103272_1101386.html
7. ^ http://www.demorgen.be/dm/nl/3324/Financiele-
crisis/article/detail/551195/2008/12/14/Aandeel-Fortis-blijft-geschorst.dhtml
8. ^ http://www.lemonde.fr/la-crise-financiere/article/2008/12/14/affaire-madoff-bnp-paribas-
pourrait-perdre-350-millions-d-euros_1131107_1101386.html
9. ^ Photo Gallery of the BNP Paribas Agencies in Paris
10. ^ quot;Five big banks form Global ATM Alliancequot;, ATMmarketplace.com. 9 January 2002.
Accessed 22 June 2007.
11. ^ http://www.laseruk.com/creation_group_structure.html
12. ^ http://www.laseruk.com/creation_group_structure.html
[edit] External links
BNP Paribas' website
Companies portal
Links to related articles
v•d•e
CAC 40 companies of France
Accor · Air France-KLM · Air Liquide · Alcatel-Lucent · Alstom · Arcelor Mittal · AXA · BNP
Paribas · Bouygues · Capgemini · Carrefour · Crédit Agricole · Dexia · EADS · EDF · Essilor ·
France Télécom · GDF Suez · Groupe Danone · L'Oréal · Lafarge · Lagardère · LVMH ·
Michelin · Pernod Ricard · PSA Peugeot Citroën · PPR · Renault · Saint-Gobain · Sanofi-
Aventis · Schneider Electric · Société Générale · STMicroelectronics · Suez Environnement ·
Total · Unibail-Rodamco · Vallourec · Veolia Environnement · VINCI · Vivendi
v•d•e
Major investment banks

7. ABN Amro · Banc of America Securities · Bank of Montreal · Barclays Capital · The
Blackstone Group · BNP Paribas · CIBC World Markets · Citigroup · CLSA · Credit Suisse ·
Deutsche Bank · Dresdner Kleinwort · Goldman Sachs · Houlihan Lokey · HSBC · JPMorgan
Chase · ING Bank · KBC Bank · Lazard · Macquarie Group · Merrill Lynch · Mizuho Corporate
Bank · Morgan Stanley · N M Rothschild & Sons · Nomura Securities · Oppenheimer & Co. ·
Piper Jaffray · Royal Bank of Scotland · RBC Capital Markets · Société Générale · Stifel
Nicolaus · UBS · Wachovia
v•d•e
Major insurance and reinsurance companies
Allianz · PICC · Generali · BNP Paribas · AIG · ING · Zurich Financial
General Insurers Services · Mapfre · Aegon · CNP Assurances · IF P&C Insurance · Swiss
Life · Fortis
AXA · Aviva · China Life · Swiss Life · Legal & General · Old Mutual ·
Life Insurers
Prudential · Standard Life · Scottish Widows
Reinsurers Hannover Re · Munich Re · Swiss Re · General Re
Retrieved from quot;http://en.wikipedia.org/wiki/BNP_Paribasquot;
Categories: Companies listed on the Euronext exchanges | Companies listed on the Tokyo Stock
Exchange | CAC 40 companies | BNP Paribas | Banks of France | Investment banks | Primary
dealers
Hidden category: Portal:Companies/Total
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