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BNP Paribas

On 23rd May 2000, Banque Nationale de Paris and Paribas merged together to form the BNP Paribas. Today it is considered as one of the most prominent banks in France and greater Europe. BNP Paribas is also considered as one of the three oldest banks in France. Established in 1966 this bank was privatized as late as 1993. more than anything else BNP Paribas is known for being the only bank which used its escrow account to maintain all the revenue collected from the Oil for Food program at Iraq. The total number of employees at BNP Paribas is expected to be around 140,000 out of which nearly 80,00 are employed in the European domain of BNP Paribas . The head office of BNP Paribas is at France where the bank is a topper as far as retail banking is considered.

As many as 60,000 corporate customers choose to rely on BNP Paribas for the maintenance of their account. Along with Deutsche Bank, Bank of America, Scotiabank and China Construction Bank, BNP Paribas is also a prestigious member of the Global ATM Alliance. This joint venture is an attempt on the part of many banks of the world to let their customers have an easy access to their account via their ATM cards. No fees are deducted from the customer's account even if he is using an ATM machine of another bank. It is one of the major facilities of core banking system. Customers at BNP Paribas can also avail of many other facilities and products of BNP Paribas. Housing loan, car loan, festival loan, student's loan and property loan are few of the major benefits that one can expect to enjoy at BNP Paribas.

In the USA BNP Paribas has introduced a special kind of banking where a powerful group of middle market merchant banking group are maintained. This has been done deliberately by BNP Paribas to augment the growth of business and commerce at USA. Project finance at BNP Paribas along with greater facilities of equity derivatives and structured products have played a pivotal role in making BNP Paribas one of the most popular banks in USA.

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