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…
Crédit Agricole can trace its history back to the end of the 19th Century, and specifically to the Act of 1884 establishing the freedom of professional association, which authorised, among other things, the creation of farm unions and the foundation of local mutual banks. Société de Crédit Agricole was created on 23 February 1885 at Salins-les-Bains in the district of Poligny in the Jura region. It was the first of its kind in France. Drawing on this experience and in an effort to promote lending to small family farms, the Act of 5 November 1894, which had the support of Minister for Agriculture Jules Méline, paved the way for the creation of Crédit Agricole’s Local Banks. The first Local Banks were set up by local elites, including agronomists, teachers and property owners, with farmers playing a minority role. In the early years, business was made up exclusively of short-term loans provided as advances on harvests, enabling farmers to live more comfortably. Medium-term and long-term…
The bank was founded by a group of industrialists and financiers during the second empire, on May 4, 1864. The bank's first chairman was the prominent industrialist Eugène Schneider (1805–1875) followed by Edward Blount, a Scotsman. The company started to hire employees and establish offices. Coverage of France went ahead at a steady rate. By 1870, the bank had 15 branches in Paris and 32 in the rest of France. It set up a permanent office in London in 1871. At the beginning, the bank used its own resources almost entirely for both financial and banking operations. In 1871, Société Générale moved into the public French issues market with a national debenture loan launched to cover the war indemnity stipulated in the Treaty of Frankfurt. In 1886, Société Générale was part of the bank consortium (along with the Franco-Egyptian Bank and the Crédit Industriel et Commercial) that financed the construction of the Eiffel Tower.
Today, Société Générale S.A. is a French multinational banking…
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