BNP Paribas is a bank that forms the foundation of French banking. Furthermore, it works hard to build a solid reputation and manages to stick it out through the toughest times. Also, with the help of the French government, the bank manages to brace the storms and still carry on to provide its millions of customers with the products and services they need.
When it comes to banking, there are different approaches across the world. Instead of foregoing the traditional structures entirely, the bank manages to create a perfectly balanced between traditional and modern. In conclusion, this provides clients with all the financial tools they may need.
History of BNP Paribas
The earliest roots of the bank go back as far as 1822 at the birth of the industrial revolution. Furthermore, the bank was founded by the Société Générale de Belgique which was the forerunner of the BNP Paribas Fortis. Although the bank was established in Brussels, the branching out into France happened in 1848. Also, a few years after this, the Franco-British treaty was signed. The bank also established operations in Shanghai and Calcutta in 1860.
In 1872 Banque Paris et des Pays-Bas (Paribas) established itself. Shortly after in 1889, the bank survived a stock market collapse. Furthermore, by 1898, three banks arranged finance for the largest public works construction sites. These three banks later made up BNP Paribas.
Economic situations continued to fluctuate but nothing prepared the world quite for what was to follow. Also, WWI was one of those events that left no bank or economy unscathed, even if just a little. BNP Paribas was one of these banks. Furthermore, it lent its help long after the war to try and strengthen the economy. WWII was short on its heels. BNP Paribas managed to leverage its knowledge of industry to try and restore France and other parts of Europe. It also managed to help French countries abroad.
From the fifties, banking started to change as different products made their appearance. This continued throughout the sixties and managed to set the tone for modern-day banking. It was also during this period where banking was more retail than corporate and the products changed to reflect this. The bank enjoyed a larger footprint and was gaining traction from branches across the world, including Africa. Modern banking includes the dematerialization of currency through electronic banking channels.
Customers do more and more of their transactions online and the need for a physical branch becomes less. The bank provides various platforms designed to ease banking.
Access to BNP Paribas
Online banking is a breeze as BNP Paribas has a simple, yet effective online platform. Many of the products and services are offered through mobile banking.
There are over 2,200 branches globally. Also, the bank has locations in the following countries:
North and South America
- Argentina, Brazil, Canada, Chile, Colombia, and Guadeloupe
- French Guiana, Martinique, Mexico, USA, and Venezuela
- Austria, Belgium, Bulgaria, Croatia, and the Czech Republic
- Denmark, France, Finland, Germany, and Hungary
- Ireland, Italy, Jersey, Luxembourg, and Norway
- Netherlands, Poland, Portugal, Romania, and Russia
- Serbia, Slovakia, Spain, Sweden, and Switzerland
- Turkey, Ukraine, and the United Kingdom
- Algeria, Burkina Faso, Reunion Island, Gabon, and Guinea
- Ivory Coast, Mali, Morocco, Senegal, South Africa, and Tunisia
- Bahrain, Israel, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates
- Australia, China, Hong Kong, India, and Indonesia
- Japan, Malaysia, New Caledonia, New Zealand, and the Philippines
- Singapore, South Korea, Taiwan, Thailand, and Vietnam
BNP Paribas Individual Product Offerings
Discover the full review on the transactional accounts in a recent review done on this bank.
Savings and Livret Accounts
The bank offers a comprehensive range of savings accounts. Find out whether this is enough to guarantee them a perfect score.
Financial Instruments Account
Customers will have access to a wide range of securities. Also, there is no limit or taxable holding period.
Equity Savings Plan
The opportunity for customers to diversify their portfolio.
SMB-Equity Savings Plan
Customers have the option to invest in small and medium businesses.
Adapted Stock Market Profiles
Customers have access to adapted offers with reduced fees in order to invest at their own pace. Also, the investments start at €7.30 per order.
This option is suitable for those who invest four orders or more per year. Furthermore, customers will benefit from reduced fees.
Customers will benefit from reduced fees. Furthermore, this option is suitable for investors who do more than eight orders per year. Also, customers will benefit from no safe custody fees.
Warrants and Certificates
The chance for customers to expand or hedge their portfolios. Furthermore, this is done by investing in asset increases or decreases through a range of leverage warrants.
A means to invest in three lines: leverage, return, and index. Also, these will meet any profile type.
This type of investment allows individuals to save a low amount each moth. Furthermore, this takes place in a collective portfolio. The risk is far lower than in ordinary stock investments and grants the investor the opportunity to learn the ropes.
- A duration of 10 years maximum
- Also, enter and leave free of charge
- 5 to 20 members
- Furthermore, regular payouts never exceeding an annual total of 5,500 euros per member. Also, this can be limited to the tax threshold
- Finally, An account opened through a financial intermediary and more.
There are a variety of investment options to choose from. Customers will benefit from a wide selection of funds. There are also funds available by management type. Furthermore, customers can make use of programmed savings and real estate investments. Discover what the full review of this product entails with the BNP Paribas Investments review.
We recently did a full review on the personal loans offered by the bank.
Discover the full range of insurance products in this review.
This is an optional membership for clients who wish to have a few added extras to make their banking experience more unique. Customers will enjoy preferential rates and features on their various products and services.
A service and product offering for those with a high net-worth. This type of banking provides access to a personal relationship banker who will assist with savings, investments, and lending needs.
BNP Paribas Professional Product Offerings
Current accounts that are tailored to the needs of professionals. These accounts are linked to specialized services and products that will allow professionals to go through their daily lives without hassle.
Savings and Investments
Investments at a fixed term with a guaranteed return.
A cash management solution for professionals.
Solutions of Associates
Savings for associates who wish to meet certain financial goals.
This account is dedicated to CAP aid.
Medium-Term Negotiables and Certificates of Deposit
Negotiable instruments to make business dealings more efficient.
A tax-free savings solution through the Company Savings Plan.
This is a great solution for employees as it motivates them to save. Furthermore, this builds trust with the employer.
Savings Plan Act Madelin Retirement
Customers who are non-agricultural professionals and self-employed will benefit from this savings plan.
Retirement Savings Plan for Farmers
A product that provides income for life an annuity at retirement.
The opportunity to build up savings with the help of the company.
Loans and Finance
Future business owners who need finance to fund their upcoming projects can submit a proposal to the bank for vetting.
Easy Cash Flexilia
A cash flow solution that allows an offset for a few days a month.
A solution for professionals and entrepreneurs who deal with prominent clients.
A credit solution for those who receive an income during certain seasons.
The optimal options for cash offsets.
A solution for those who wish to have access to their trade effects.
Pro Credit Line
A fast and efficient way to finance property investments.
Suitable for all types of investment funding.
Funding to help businesses reduce their energy bills.
Credit to fund the direct takeover of a company.
Credit to fund the purchase of a business by a holding company.
Finance that creates a budget for current investments.
Ready to fixed Rate on Housing EIB
A loan that helps with projects for the improvement of the European Union.
Assistance with business projects.
A financing offer for new entrepreneurs.
Funding solutions for farmers and health professionals.
With a purchase option to finance new business equipment.
Leasing Real Estate
Funding for business premises.
Rental with Purchase Option
Passenger or new light commercial vehicles for rent with the option to buy.
An option to hire company vehicles.
A variety of vehicles to suit the needs of the customers.
Various insurances to cover all aspects of risk.
BNP Paribas Enterprise Product Offerings
These include a multitude of products. Furthermore, they can be broken down into different categories.
- Daily Activity
- Also Issuing of Sureties and
- Interest Rate Hedge
- Term Deposit
- Certificate of Deposit
- Also Treasury Management Mandate and
- Automatic Cash Management
Incoming and Outgoing Payments
- International Business
- Development Abroad and
- International Flows
- Engineering Capital
- Real Estate Options
- Also Savings and Retirement Planning and
Review of BNP Paribas
Customer Satisfaction Reviews
There aren’t many ratings out there for BNP Paribas. Also, we were unable to trace customer satisfaction ratings of any kind. Furthermore, there are very few ratings about the bank in the industry. The one we managed to find, was from Euromoney, which rated the bank as the best bank in the world.
Financial Stability Rating
Fitch rated the bank as outlook stable and gave the bank A+. Furthermore, Moodys also rates the bank stable.
Security of Funds
The bank conforms to the security of deposit rulings for the specific country it operates in.
Review by Critical Reviews – 10 of 10
The bank provides a solid foundation for customers from all walks of life. It’s committed to good service and also uses sound financial avenues where funding is considered. It has shown resilience in terms of financial crisis. Also, it helped rebuild France and other parts of Europe after both world wars. Furthermore, it is one of the few banks who felt it necessary to repay the bailout funds. Finally, the bank managed to keep its nose clean during tough times.
The platform is simple to use. Furthermore, customers will find it difficult to find a bank anywhere in the world that will satisfy their needs like this one. Also, it ticks all our boxes despite the lack of feedback from customers. All the information customers may require is at their fingertips.