BNP Paribas was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000. The company is a component of the Euro Stoxx 50 stock market index. Its Corporate & Institutional Banking and International Financial Services businesses for corporate and institutional clients are leaders in Europe, significant players in the Americas and growing strongly in the Asia-Pacific region.
Today, BNP Paribas is an international banking group with a presence in 75 countries. It is listed on the First Market of Euronext Paris and is included in the CAC 40 index. At 31 December 2016, net income attributable to equity holders was EUR7,702 million. BNP Paribas is one of the largest banks in the world. The bank serves more than 30 million customers between its retail banking networks in its four domestic markets, France, Belgium, Italy and Luxembourg, through several brands such as BNL, BGL BNP Paribas or BNP Paribas Fortis. The retail bank also operates in the Mediterranean region…
The oldest local bank in the United Arab Emirates, Mashreq Bank has provided banking and financial services to millions of customers and businesses since 1967. It was established in Dubai as the Bank of Oman, prior to formation of the UAE, under a decree of the Ruler of Dubai – Shaikh Rashid Bin Saeed Al Maktoum. In 1993, the bank changed its name to Mashreq Bank and is now one of the UAE’s leading financial institutions. It has a strong retail and corporate banking presence throughout the Persian Gulf, with branches in Egypt, Qatar, Kuwait and Bahrain. The Mashreq branch network extends across the UAE, with 50 percent of households banking with the company. It also has customer service centers in key retail locations and one of the largest ATM networks in the country. In addition the bank has overseas offices in 11 countries across Europe, North America, Asia and Africa. The first branch of the Bank of Oman – as it was known back then – opened in Deira in 1967, which was swiftly…