– A network of 150 business centres in 23 countries
– 1700 relationship managers specifically dedicated to corporate clients
– A comprehensive, high-performance seamless banking offer that meets their daily needs
BNP Paribas is today taking a new step in the services it offers to its corporate clients with the launch of “One Bank for Corporates in Europe”. This initiative reflects BNP Paribas’ ambition and capacity to accompany corporate clients and their subsidiaries in their expansion across the European market, wherever they are in the world.
It has been made possible by the bank’s change of dimension following the merger of BNP Paribas’ network of business centres with the corresponding and highly complementary networks of Fortis Bank and BGL, in 2009.
This makes BNP Paribas the only player in Europe to combine a network of 150 business centres in 23 countries with a full and innovative offering of daily (flow) banking products and services.
An active player in European economies
BNP Paribas is the bank for the real economy, with a stable, balanced business model (1/2 Retail Banking, 1/3 Corporate and Investment Banking, and 1/6 Investment Solutions) that focuses on client needs. In recent years, BNP Paribas has leveraged its customer-centric strategy into increased market share, enhanced the performance of its product and service platforms, and improved its European and global positions in many activities.
Furthermore, the four Centres of Competence set up a year ago have deepened the BNP Paribas group’s European footprint and allowed it to enhance its offer to corporate clients. The Brussels-based Centres of Competence oversee particular banking services at a European or global level for both large and midsized international companies in their daily banking activities. These four Centres of Competence are : Corporate & Transaction Banking Europe (CTBE), Global Cash Management, Global Trade Solutions and Global Factoring.
BNP Paribas is also a natural partner to companies through its corporate and investment banking expertise. BNP Paribas CIB is a European leader in corporate finance and capital markets.
Added value for clients
The “One Bank for Corporates in Europe” initiative is unique in offering corporate clients seamless European banking services. This means that at each of the 150 business centres, companies have access to the same offer and the same quality of service. This makes it possible for BNP Paribas to support its clients in everything they do, whether locally or internationally.
Some 1700 relationship managers tailor innovative solutions to corporate clients’ needs. They do so using seamless processes and reliable, high-performance tools that ensure transaction efficiency and security. These corporate relationship managers are sector experts who are also very familiar with local markets, and they are the cornerstone of customer-centric relationship with companies.
BNP Paribas aims to be THE go-to bank for companies in Europe
With “One Bank for Corporates in Europe”, BNP Paribas aligns its ambitions with its corporate clients and plans to:
– step up its relationships with multinational companies that want to expand in Europe;
– be the natural banking partner of major corporations or large SMEs operating on a European scale;
– be the go-to bank of local companies wanting to expand in Europe;
– consolidate its status as the uncontested benchmark in Europe for daily corporate banking.
This is how BNP Paribas, in its role as a bank financing the real economy, wants to play a role in expanding the European economy by offering companies the competitive and efficient solutions and services they need.
Jean-Laurent Bonnafé, COO of BNP Paribas, comments: “Both BNP Paribas and Fortis had a large footprint in Europe and were very active in exporting countries. Our merger has given us the opportunity to set a fully integrated European platform up to serve our clients who, like us, see Europe as their domestic market. This project is in line with BNP Paribas’ long-held ambitions of supporting European economies.”
Alain Papiasse, Head of BNP Paribas CIB, adds: “The combination of the group’s extensive integrated network and BNP Paribas CIB’s leadership in Europe allows us to support our clients on a daily basis, for example, by helping them access capital markets or advising them in their acquisition strategy. With the ‘One Bank for Corporates in Europe’ offer, companies that want to expand in Europe have the benefit of committed customer relationship managers at their sides, an organisational set-up covering all of Europe, and BNP Paribas’ top product, country and sector experts.”
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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor’s i.e. 3rd rating level on a scale of 22.
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