49-651: BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas . The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Investment Company. It was formerly, together with Fortis Bank Nederland , the banking arm of the financial institution Fortis . After the ultimately unsuccessful ABN-AMRO takeover ,
98-456: A range of client types, including individual customers, self-employed people and those in the liberal professions , small and medium-sized companies, local businesses, corporate clients and non-profit organisations . In the insurance sector, BNP Paribas Fortis works closely, as a tied agent, with Belgian insurance company AG Insurance . BNP Paribas Fortis is the number-one bank for retail customers in Belgium in terms of market share and it has
147-487: A sliding scale of one (equals very poor) to seven (equals excellent) across various service categories. The survey received 20,762 valid responses in its 2012 edition. HSBC was voted top international cash manager (ICM) in the 2012 survey, published in October, breaking a five-year spell of dominance by Citigroup . Euromoney Market Data is an online service that allows its users to analyse, download and distribute data from
196-428: A strong market position among professionals and small businesses. BNP Paribas Fortis is also the leading private bank in Belgium. It ranks number one in corporate banking, offering a full range of financial services to corporate clients, public-sector entities and local authorities. Outside Belgium the bank supports via BNP Paribas group’s international network of branches across 63 countries. The commercial organisation of
245-413: Is 100% shareholder of leasing company Arval BNP Paribas , an important player in the long-term rental of vehicles and a specialist in mobility solutions. Arval offers its business customers (from large multinationals to small and medium-sized enterprises), its partners and their employees and also private individuals services tailored to their movements. By the end of 2023, Arval had about 8,400 employees in
294-871: Is a French multinational universal bank and financial services holding company headquartered in Paris . It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas . It also incorporates many other major institutions through successive acquisitions, including Fortis Bank in Belgium , Direkt Anlage Bank in Germany , Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg , and Türk Ekonomi Bankası in Turkey . The group has also been present in
343-684: Is instead directly sponsored by the Bank of the West subsidiary. In 2018, BNP Paribas created the production company BNP Paribas Pictures, and supports young cinema talents through an investment fund dedicated to the financing and co-production of the first films of new talents in Cinema, the Fonds Nouveaux Talents. In 2019, the group supports the Femis Residence and Mille visages, which aims to democratize
392-509: Is the flagship production of Euromoney Institutional Investor plc. Euromoney was first published in 1969 by Sir Patrick Sergeant . It is part of Euromoney Institutional Investor, an international business-to-business media group focused primarily on the international finance industry. The group became a public company in 1986, and is listed on the London Stock Exchange as Euromoney Institutional Investor PLC . The headquarters of
441-634: The Euro Stoxx 50 stock market index . It is the second largest bank in Europe and eighth largest bank in the world by total assets. It became one of the five largest banks in the world following the 2007–2008 financial crisis . It is considered a systemically important bank by the Financial Stability Board . In the Forbes Global 2000 , BNP Paribas was ranked as the 33rd largest public company in
490-588: The Société Générale de Belgique established in 1822. 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 23 May 2000. In 2006, BNP Paribas purchased Banca Nazionale del Lavoro (BNL) , Italy's sixth-largest bank. On 9 August 2007, BNP Paribas became
539-457: The United States through its subsidiaries Bank of the West until 2023 and First Hawaiian Bank until 2019. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS); and Corporate & Institutional Banking (CIB). BNP Paribas is listed on Euronext Paris and is a component of
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#1733093028422588-524: The subprime crisis and subsequent global financial crisis (GFC) led to the sale of the Dutch and Luxembourg parts of the banking branch to the Dutch and Luxembourg governments. Fortis Bank itself was first partly bought by the Belgian government (for €4.7 billion), then fully purchased by the government and sold to BNP Paribas. BNP Paribas Fortis offers the Belgian market a comprehensive range of financial services
637-623: The 100% owner of BNP Paribas Luxembourg. The transfer was finalised on 1 October 2010 with the incorporation of BNP Paribas Luxembourg's business in the operational platforms of BGL BNP Paribas. In 2013 BNP Paribas was awarded the Bank of the Year award by The International Financing Review ("IFR"), Thomson Reuters ' leading financial industry publication. BNP Paribas reached an agreement in December 2013 to acquire Rabobank 's Polish unit BGZ Bank for around $ 1.4 billion. In September 2014, BNP completed
686-648: The 2013 survey, for the ninth year in a row. The Euromoney Awards for Excellence single out financial institutions for 25 global awards in banking and capital markets, as well as the best banks and securities houses in nearly 100 countries. The awards have run since 1992 and take place in July. New England Rock was the winner of Best Investment Firm for 2015. The Euromoney Cash Management Survey evaluates cash managers, treasurers and financial officers worldwide. Responders indicate which three banks they use most for their cash management services, and rate their lead cash manager on
735-450: The 29 countries where the company is based and leased almost 1.7 million vehicles to its 300,000 customers. The quality of the services offered by BNP Paribas Fortis to its customers was awarded several times. In 2023, the bank was elected "Best bank for digital solutions in Belgium" by Euromoney , "Bank of the Year in Belgium" by The Banker , "Best private bank in Belgium" by PWM-The Banker and "Best bank in Belgium" by Global Finance . At
784-695: 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, 12 December In the end of January, the Belgian government and BNP negotiated for 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 should not become
833-887: The Euromoney Awards for Excellence 2024 BNP Paribas Fortis was named Best Bank, Best Investment Bank and Best Bank for ESG in Belgium. BNP Paribas Fortis originates in Belgian banks that were merged in the past and merged within the Fortis Group. The roots of the bank go back to 1822, when William I of the Netherlands founded the Algemeene Nederlandsche Maatschappij ter Begunstiging van de Volksvlijt. The banks that merged into BNP Paribas Fortis today are among others: [REDACTED] Media related to BNP Paribas Fortis at Wikimedia Commons BNP Paribas BNP Paribas (sometimes referred to as BNPP or BNP )
882-498: The Euromoney FX Survey in a time series from 2007 through to 2011. Users can view results granularity by client type, client geographic location and client service priorities. Euromoney Market Data contains results for bank volume and market share, bank qualitative ratings and consumer preferences. Euromoney Country Risk allows users to access live data from Euromoney's country risk survey. Published semi-annually since 1993,
931-582: The Global Private Banking Survey. The Euromoney Foreign Exchange Survey is a quantitative and qualitative annual study of the FX markets published in May. The survey is conducted electronically over more than six weeks in January, February and march. Its key focus is client price-taking activity in an unregulated over-the-counter market without aggregated global statistics. Deutsche Bank was ranked top in
980-461: The Group's large asset base (over €2 trillion) and diverse business model, and was resilient through the 2007–2008 financial crisis . Revenues from BNP Paribas CIB nearly doubled in the second quarter of 2009 as robust investor demand boosted revenues from the bank's fixed income trading business unit. CIB's revenues totaled €3.351 billion (US$ 4.82 billion) for the quarter, up 81 percent from
1029-751: The Year. Euromoney has a set of industry-specific publications under the flagship magazine, including Euromoney Market Data, Euromoney Country Risk and the Global Private Banking Review. Euromoney publishes over 24 surveys awards and league tables a year. These include the Euromoney Private Banking and Wealth Management Survey, Euromoney FX Survey and the Euromoney Cash Management Survey. Published each February, Euromoney's Global Private Banking and Wealth Management Survey, asks global private banks to identify
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#17330930284221078-644: The announcement. To comply with the transaction ban, BNP Paribas will use a third party to clear its US transactions. On 6 February 2024, the Federal Reserve announced that it had lifted a pair of 2014 enforcement actions it imposed on France's BNP Paribas, after the bank overhauled its compliance with U.S. sanctions laws. [1] In 2010 the French government's Autorité de la concurrence fined BNP and 10 other banks €384 million for colluding to charge unjustified fees on check processing , including extra fees during
1127-470: The bank comprises the entities Retail Banking, Affluent & Private Banking and Corporate Banking: In 2022, BNP Paribas Fortis became a 100% shareholder of bpost bank after the acquisition of the 50% stake held by bpost . An exclusive seven-year commercial agreement was also signed between bpost and BNP Paribas Fortis. As part of this agreement, bpost offers BNP Paribas Fortis services and products in its network of post offices. On 22 January 2024, bpost bank
1176-621: The bank has hedged their positions if the trades have not been booked. BNP Paribas has been a major sponsor of tennis. In 1973 it became the major sponsor of the French Open , one of the four prestigious Grand Slam tournaments in the sport. In 2001 the bank began to sponsor the Davis Cup before becoming the title sponsor in 2002. In 2002 it became the sponsor of the Paris Masters , an ATP World Tour Masters 1000 tournament. In 2008 it became
1225-494: The cinema environment and create bridges between the different professions in cinema. The group also participates in the restoration of cinematographic works such as Charlie Chaplin 's " Modern Times " in 2003. Between 1981 and early May 2020, BNP Paribas was a partner of the Belgian club RSC Anderlecht for 39 years through BNP Paribas Fortis . Euromoney Euromoney is an English-language monthly magazine focused on business and finance. First published in 1969, it
1274-658: The executive committee are composed as follows: As of 17 May 2021 As of 31 December 2023 BNP Paribas CIB (Corporate and Institutional Banking) is the global investment banking arm of BNP Paribas, the largest banking group in the world. In October 2010, BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over US$ 3.1 trillion. BNP Paribas CIB's main centres are in Paris and London , with large scale operations in New York , Hong Kong , and Singapore , and smaller operations in almost every financial centre in
1323-501: The first book exclusively on sukuk investments, Islamic Bonds: Your Issuing, Structuring and Investing in Sukuk . It was co-authored by the Islamic banking specialist Nathif Jama Adam . Euromoney publishes the Euromoney Awards for Excellence, with an annual awards event recognising the top banks in the world. It also publishes awards for Central Banker of the Year and Finance Minister of
1372-429: The first major financial group to acknowledge the impact of the sub-prime crisis by closing two funds exposed to it. This day is now generally seen as the start of the 2007–2008 financial crisis and the bank's quick reaction saved it from the fate of other large European banks such as UBS . On 6 October 2008, BNP took over 75% of troubled bank Fortis ' activities in Belgium , and 66% in Luxembourg , in exchange for
1421-531: The four participating banks under the neutral brand name Bancontact CASH, independent of the shareholders. Max Jadot is Chairman of the Board of Directors of BNP Paribas Fortis. The CEO is Michael Anseeuw . BNP Paribas Fortis is the majority shareholder of BGL BNP Paribas , which operates in the Luxembourg market. It is the largest provider of banking services to small and medium-sized enterprises in Luxembourg and
1470-468: The largest fine ever for violating U.S. sanctions, and substantially more than the previous record of $ 1.9 billion. BNP Paribas was also barred for one year under the plea agreement from certain US dollar-dominated transactions. The fine exceeded the bank's $ 6.4 billion 2013 annual income and the $ 1.1 billion it previously had allocated for the anticipated fine. The bank's failure to cooperate with
1519-499: The leadership of the Communications Director, Antoine Sire) is called the "courbe d'envol" (curve of taking flight). The stars allude to Europe and universality. The transformation of the stars into birds conveys openness, freedom, growth, and the ability to change and adapt. The shape and movement of the curve places the logo in the universe of life. The green square symbolises nature and optimism. The General Management and
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1568-627: The magazine is in London. Sergeant continued to manage the business until 1985 and remains as co-president of the company. Daily Mail and General Trust plc is the largest shareholder in the company. DMGT's principal shareholder, Jonathan Harmsworth, 4th Viscount Rothermere , is co-president of Euromoney Institutional Investor . Euromoney covers global banking, macroeconomics and capital markets, including debt and equity. The magazine features comment, profiles and interviews with chief executives and senior figures in finance. In 2004, Euromoney published
1617-436: The multi-year investigation was given as a significant factor in the size of the fine. Additionally, BNP Paribas continued to process sanctioned transactions after the investigation began. After the fine was announced, BNP said it would be "just fine" and that it had "a comprehensive plan" to avoid similar violations in the future. The company's stock, which had fallen 12% since news of the investigation first leaked, rose 4% on
1666-401: The number two in financial services to individuals. BGL BNP Paribas is also leader in banking insurance with a package of insurance services. In Turkey , BNP Paribas Fortis operates through TEB (Türk Ekonomi Bankası), in which it has a stake of 48,7%. TEB has 448 offices and employs 8,700 staff. These serve 8.1 million private customers and about 500,000 business customers. BNP Paribas Fortis
1715-538: The property of BNP Paribas. However, the acquisition was completed, and BNP Paribas took 75% shareholding and renamed the new subsidiary BNP Paribas Fortis . After this only Fortis Insurance International was left in Fortis Holding and this was renamed as Ageas , a business that had Insurance all over Europe and Asia. In April 2024, it was announced BNP Paribas had acquired Fosun International's entire 9% stake in Ageas, worth €730 million. The remaining Fortis Bank Netherlands
1764-706: The purchase of BGZ Bank for a final fee stated in the media to be $ 1.3 billion. In December 2021, BNP Paribas announced to exit US retail banking business by selling its Bank of the West to the Bank of Montreal for $ 16.3bn. BNP Paribas has around $ 80 billion under management in Asia by 2024. The bank has hired 20 private bankers, including Tiffeny Situ from Morgan Stanley , Wendy Chan from Citigroup and Martin Loh from Credit Suisse Group , as part of its expansion program. In 2022, total revenues of €50.4 billion represent an increase of 9% compared to 2021, BNP Paribas remains at
1813-514: The second quarter of 2008, and following record revenues of €3.696 billion in the first quarter of 2009. In 2016 BNP reached a $ 40m settlement with a Jewish employee. The employee had been made to watch a training video. The film portrayed Adolf Hitler as the CEO of Deutsche Bank , one of BNP's competitors and the Nazi soldiers around him as Deutsche Bank executives. The video showed Hitler screaming at
1862-508: The soldiers. Also, his colleagues made a number of anti-semitic comments during his time at BNP Paribas. On 30 May 2014, The Wall Street Journal reported that the United States Department of Justice was negotiating a possible guilty plea with BNP Paribas as well as the size of the resulting fine for violating U.S. regulations and evading US sanctions. The Justice Department sought a fine of more than US $ 10 billion, which
1911-826: The sponsor of the BNP Paribas Primrose Bordeaux , an ATP Challenger Tour tournament. The company's sponsorship expanded to the United States in 2009 when it became the title sponsor of the Indian Wells Masters , an ATP World Tour Masters 1000 two-week tournament in California. It also sponsored the BNP Paribas Showdown and BNP Paribas Tennis Classic exhibition tournaments held in New York City and London respectively. The Stanford Classic , since 1992,
1960-476: The survey uses economists' assessments of political, economic and structural risk to provide country rankings for 186 markets worldwide. Data includes bank stability, monetary policy/currency stability, corruption and institutional risk. The survey assesses qualitative factors: economic risk, political risk and structural risk. It also assesses quantitative factors – access to bank finance/capital markets and debt indicators – plus credit ratings. As of 2018, Singapore
2009-419: The top of the French banks' ranking in terms of activity. During this year, BNP Paribas Group net income attributable to equity holders increased to 7.5% (to 10.2 billion euros). The geographic breakdown of Net Banking Income (NBI) at the end of 2020 is as follows: Europe (72.2%), North America (12.9%), Asia Pacific (8.6%) and others (6.3%). The BNP Paribas logo since 2000 (designed by Laurent Vincent under
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2058-412: The top providers of competitive and non-competitive services. The survey draws data from performance figures and nominations by bankers. Data is collected on a regional and country-level basis. The winner of the 2019 Global Private Banking Survey was UBS . Credit Suisse was runner-up, with JPMorgan Chase third. The Private Banking Review is a special publication displaying data and result analysis from
2107-466: The transition from paper check transfer to "Exchanges Check-Image" electronic transfer. The German Frankfurter Allgemeine Zeitung FOCUS , Bloomberg and the French Les Échos newspapers published an article regarding a €152 million mistrade ( erroneous trade ) in which BNP Paribas Arbitrage was allegedly involved. The bank has sold securities for €326,400 to the investor Armin S. but
2156-679: The value of the securities is €163 million according to the bank. According to the article, the error remained unnoticed for several days. BNP has even reconfirmed the original price. The Financial Times published an article in March 2018 about the case with the title "BNP Paribas failed to book trades in Germany for a week". It cites internal documents that show it did not book all trades that happened in structured products in Germany from 2 to 9 December 2015. The Financial Times estimates that 8,500 trades might have been affected. It also questions if
2205-552: The world. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank . Although a French banking group, the Belgian government has been a significant shareholder since 2009 (with 5.3% equity ownership as of mid-2023) as a result of the group's acquisition of Fortis Bank Belgium , heir to
2254-573: The world. It employs 185,000 people across 56 countries and provides financing , advisory and capital markets services. BNP Paribas CIB is a globally recognised leader in two areas of expertise: trading derivatives on all asset classes , and structured financing . BNP Paribas CIB also has a large corporate advisory network in Europe and Asia . BNP Paribas CIB has 13,000 clients, consisting of companies, financial institutions, governments, investment funds and hedge funds. BNP Paribas CIB benefits from
2303-492: Was expected to be reduced to $ 8 or $ 9 billion in negotiations. BNP Paribas was said to have laundered up to US$ 100 billion from the sanctioned countries of Sudan, Iran, and Cuba. On 1 July 2014, BNP Paribas pled guilty in a New York state court to falsifying business records as well as conspiracy in connection to those falsifications. It was also expected to plead guilty in federal court to violating laws against money-laundering. It agreed to pay $ 8.9 billion,
2352-618: Was in the hands of the Dutch Government which merged it with other ABN AMRO holdings it already owned under the name ABN AMRO . In May 2009, BNP Paribas became the majority shareholder (65.96%) of BGL (formerly Fortis Bank Luxembourg), the State of Luxembourg retaining 34% making BNP the eurozone 's largest bank by deposits held. On 21 September, the bank's registered name was changed to BGL BNP Paribas and in February 2010, BGL BNP Paribas became
2401-512: Was integrated into BNP Paribas Fortis and bpost bank customers joined BNP Paribas Fortis. The bpost bank brand disappeared from post offices and was replaced by the BNP Paribas Fortis brand and logo. BNP Paribas Fortis is a 25% shareholder of Batopin (Belgian ATM Optimisation Initiative), a Belgian company that was established jointly by BNP Paribas Fortis, KBC , Belfius and ING Belgium on 10 March 2020. The company manages an ATM park for
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