Who owns bnp

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Connections : BNP Paribas. All rights reserved. Show password. Add to my list Report. Business Summary. Domestic Markets include retail banking networks in France, Italy, Belgium, and Luxembourg, as well as certain specialized retail banking divisions. BNP Paribas Group is the fruit of the merger between two of France's most influential banking groups, the retail-oriented Banque Nationale de Paris and Banque Paribas , traditionally focused on the institutional sector.

The newly merged group is France's largest bank and among the top five European banks and number two among euro-based banks. Apart from its retail and institutional banking services and operations in France, BNP Paribas also trades internationally in more than 85 countries, including in the United States through its control of BancWest.

Despite the backing of the French government, the takeover plan failed--for the time being, at least. Given the widespread chauvinism of the European banking community, eager to maintain national control over their leading banks, a future merger between the two French banking giants could not be ruled out as a possibility. In the s, it was one of the largest financial institutions in France. The Comptoir d'Escompte was founded in , primarily to rescue Paris businesses from difficulties in obtaining financing.

In , after the crisis had passed and the bank no longer had a special mission, it became a commercial institution, greatly increasing its capital and range of activities. Although it continued to concentrate on commerce in Paris instead of expanding by forming local branches, the Comptoir d'Escompte did establish itself in French colonies and foreign countries, becoming seriously involved in copper speculation.

The bank was very active in the wool trade, and for many years was the only foreign bank in Australia. It was also one of the leading banks in India, and had a significant business presence in London and Brussels. Unfortunately, the bank soon spread itself too thin and, by the late s, its liabilities were of such gigantic proportions that the president, Denfert Rochereau, chose to commit suicide.

The Bank of France and others in the banking community came to Comptoir d'Escompte's aid, meeting its liabilities and repaying its loans. Out of these ruins, a new deposit bank called Comptoir National d'Escompte de Paris arose in Only a short time passed before the bank had recovered its health.

Although it kept its interests abroad, its growth now focused on the French provinces. By , it had opened branches, and had twice that many by the end of the decade. In , along with the Bank of France and three other major deposit banks including BNCI, with which it would later merge , CNEP was nationalized as part of the government's postwar recovery plan. This plan also included legislation requiring banks to identify themselves as investment or deposit commercial banks.

Altogether the plan created a more specialized and concentrated banking system and gave the government better control over the distribution of credit. The nationalized banks kept the same personnel, characters, and administrative autonomy that they possessed before nationalization, but representatives of state agencies joined their boards of directors. With nationalization, CNEP was assured a central position in the French financial system, and this helped it grow at a strong pace, especially during France's boom years in the s.

Nonetheless, throughout the s and s, CNEP remained smaller than the other nationalized banks. The banks that later made up BNP Paribas supported the war effort during the First World War in assisting government bond issues and mobilising many of its employees. The proportion of women staff members rose considerably during this time.

With inflation and economic instability following the Great War, the interwar period was a time of strategic reorientation and above all of trials and tribulations culminating in the Depression of the s.

Under Managing Director Horace Finaly , Paribas tapped into other avenues for development in the latest industries electricity and oil and new regions, central Europe in particular. After a period of economic listlessness during the Second World War, the CNEP and the BNCI were nationalised in and took part in the reconstruction of the French economy, whilst Paribas specialised in financing large-scale projects and helping major French companies abroad.

Compagnie bancaire also developed other innovations for the future such as Cardif in insurance , Cortal in direct brokerage and Arval for vehicle fleet leasing Belgian legislation made it necessary to split up mixed banks. The branches network has grown very rapidly. After the Second World War, an innovative policy to establish subsidiaries enabled the BNCI to extend its network outside its domestic market and open many branches, particularly in Africa.

Birth of BNP in and development of a Group with European ambitions in line with the modernisation of society. This was a very dynamic period with banks very highly present in society, especially for women and young people. Growth in computing facilities accompanied business growth and the bank grew increasingly international.

Banque de Paris et des Pays-Bas merged in with the Compagnie bancaire of Jacques de Fouchier, who continued to establish innovative subsidiaries in insurance Cardif, and brokerage Cortal After a short period of nationalisation in following the shift in politics in France, Paribas which adopted the name in and then BNP were privatised in and Analysts briefings.

Analyst coverage. Agenda 08 feb View the agenda. Individual shareholders Go to the page.