Business Directory: Details: BNP Paribas Bank
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Website Address: http://www.business.com/directory/financ...
Website Description:
Paribas (formerly known as Compagnie Financiere de Paribas) has three main core activities which are as follows: investment banking, asset management and retail financial services. Founded in 1872, the group is today one the world's foremost banking/financial organisations. On May 12, 1998 the shareholders approved the acquisition of Banque Paribas and Compagnie Bancaire by Compagnie Financiere de Paribas. The new entity is now known as Paribas. Interest & fees on loans accounted for 40% of 1999 revenues; interest income on bank deposits, 26%; interest on securities, 7%; other interest or dividend income, 2% and non-interest income, 25%.
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