bnp paribas bank final
TRANSCRIPT
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COMPANY OVERVIEW
BNP Paribas is a leader in banking and financial services in Europe. The three main
activities of BNP Paribas are complementary, providing strategic strength and assuring
the bank financial solidity:
Retail Banking
Investment Solutions
Corporate & Investment Banking.
It also focuses on international retail banking, specialized financial services, private
banking, asset management, and insurance services. The bank is part of the BNP
Paribas Group, which is one of the strongest banks in the world as rated by Standard &
Poors and has a presence in more than 80 countries with more than 200,000
employees, half of which are based in its four domestic markets: Belgium, France, Italy
and Luxembourg. By placing the customer firmly at the heart of its operations, the bank
for a changing world has positioned itself as a responsible company at the service of its
customers. It defines itself through its rigorous approach to managing risk, its capacity
to adapt and its ability to innovate.
The registered office is located at 16 Boulevard des Italiens 75009 Paris, France.
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KEY FACTS
BUSINESS DESCRIPTION
BNP Paribas is a leading financial organization. It operates through three core
businesses: corporate and investment banking, retail banking, and asset managementand services in almost 85 countries in the world.
The corporate and investment banking division offers advisory services for mergers and
acquisitions and primary equity market transactions through its subsidiaries, one of
them being BancWest Corporation. It is also engaged in designing and structuring a
range of financing arrangements, including syndicated loans, acquisition financing, LBO
financing, project financing, optimization and asset financing, media and
telecommunications financing, marine financing and aircraft financing.
The retail banking division offers a line of products and services ranging from current
account services to complex financial engineering services in the areas of corporate
financing and asset management.
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The asset management and services division offers a range of products and services
tailored to the financial and wealth management needs of a private clientele through its
subsidiary, BNP Paribas Asset Management. Its approach is heavily weighted towards
advisory services and personalized management. Securities services specializes in
securities services for companies and financial institutions, including banks, brokerage
houses, pension funds, asset managers and insurance companies.
In addition, the BNP Paribas Capital unit, a subsidiary, spearheads the private equity
business. BNP Paribas also offers a range of property-related products and services in
France and has teams who specialize in managing portfolios of quoted stocks and
sovereign risks.
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HISTORY
BNP Paribas was created in August 1999 through the merger of Banque Nationale de
Paris and Paribas. The bank strengthened its position as a custodian bank through the
acquisition of the securities division of AXA Banque in the same year.
In 2000 BNP Paribas completely reorganized its Spanish market by selling off a number
of unprofitable branches and consolidating others. This restructuring allowed the group
enough finance to launch Global Risk solutions, another subsidiary of the new
company, which was designed to aid its own subsidiaries and other companies in
decision making within the global marketplace.
In 2001 BNP Paribas Asset Management acquired a majority stake of Overlay Asset
Management, a company incorporated in France, specializing in Currency Overlay.
Later in that year, BNP Paribas spent $2.4 billion on buying the 55% of BancWest.
During April 2002, BNP Paribas completed the $2.4 billion acquisition of United
California Bank (UCB). In the same year, BNP Paribas acquired Cogent, the UK
investment administration arm of AMP, the Australian based financial services group.
In late 2003, BNP Paribas Peregrine launched a China investment banking business; a
joint venture with Wuhan based Changjiang Securities.
In January 2004 Arval PHH, BNP Paribas car rental services subsidiary, acquired
100% of Arma, a company which provides long-term car fleet leasing services, with its
main activity in the Netherlands. In March 2004, BancWest Corporation, a wholly owned
subsidiary of BNP Paribas, acquired Community First Bankshares, a Nasdaq listed
company in Western US. BancWest agreed to acquire Union Safe Deposit Bank, the
next month.
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February 2005 saw the company acquire 50% of the holding company which controls
the bank Turk Ekonomi Bankasi (TEB). In the following month, Atisreal UK, a BNP
Paribas subsidiary, acquired part of the former Chesterton business. In April 2005, ABN
AMRO and BNP Paribas announced that they had entered into an agreement whereby
BNP Paribas Private Bank would acquire Nachenius, Tjeenk, an exclusive Dutch private
bank, from ABN AMRO. In the very next month, the company acquired the Asia Pacific
equity execution business of Calyon, Credit Agricole Groups corporate and investment
bank. In June 2005, BNP Paribas purchased Commercial Federal for $1.36 billion, in
order to reinforce its presence in the western US market.
MAJOR PRODUCTS AND SERVICES
BNP Paribas is a banking company with corporate, retail, and investment banking
operations.
The companys products and services are categorized under the following different
segments:
Corporate and investment banking:
Advisory and capital markets
Corporate finance
Equities
Fixed income
Specialized financing
Structured finance
Export financing
Commodities financing
Project finance
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Retail banking:
Retail banking
Consumer finance
Asset finance
Mortgage financing
Business equipment management
Asset management and services:
Institutional and private asset management services
Insurance
Global securities services
Real estate services
SWOT ANALYSIS
BNP Paribas is Frances largest listed banking group, ranking first in France in terms of
net income and fourth in Europe for stockholder equity. The bank has a global presence
that helps it reduce the exposure to the vagaries of the economic conditions of any one
country. However, it is threatened by the adoption of the Basel II norms that will result in
increased compliance cost for the company.
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Strengths
Global presence
BNP Paribas is one of the largest financial services institutions and operates from about200 offices worldwide. Apart from France and other European countries the company
also operates in countries like the US, Canada, Australia, Brazil, China, Japan, Egypt,
Algeria and India. The benefit of having operations worldwide is two fold. One, that the
company would not have to incur the establishment costs of setting up its services if it
finds business prospects in any of these countries and two, that the company would not
be exposed to the vagaries of the economic conditions of any one country of operations.
Wide array of services
BNP Paribas provides its customers with a wide array of services that ranges from
corporate finance, export financing and advisory services to retail banking, mortgage
financing, institutional and private asset management services. Such a wide array of
services insulates the performance of the company from revenues generated by anyone
service thereby assuring a relatively stable top line for the company. In addition, it also
provides the company with access to a wider end market and enhanced crossselling
opportunities.
Strong market position
BNP Paribas enjoys a strong market position. It is one of the largest banks in Europe in
terms of market capitalization. BNP is one of the top 15 players in merger and
acquisition transactions in Europe, being ranked number 13 among European players in
terms of transaction volumes and number 11 as adviser to companies considering a
merger or acquisition. It is also a leading player in France and Europe as a whole for
primary equity business, holding the eighth spot in Europe and the top slot in France. Its
French retail banking segment is one of the most popular retail banking networks. Such
a strong market position enhances the companys bargaining leverage and gives it a
competitive advantage as against its peers in the industry.
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Weaknesses
Decline in interest income
BNP Paribas has witnessed a considerable decline in its interest income. Interestincome forms a major portion of the total revenue earned by any financial institution. In
the case of BNP it forms about 63.9% of the total revenue earned in fiscal 2004. The
company has witnessed a decline of about 8.1% (CAGR) in the 2000-04 period.
Although there was a marginal rise of 4.3% in fiscal 2004, interest income earned by the
company has not been able to come up to the 2000 level. If this trend in decline
continues, the company may have to bear an adverse impact on its top line growth.
High proportion of NPLs
The amount of non-performing loans (NPLs) that the company has as a proportion to its
loans is higher than many of its peers in the industry. In fiscal 2004, gross NPLs formed
6.3% of the total loans for the company. This proportion was much higher for the bank
as against some of its closest competitors like ABN AMRO Holdings (2.9%), Barclays
(2.3%) and Credit Suisse (4.8%). Such a high proportion of NPLs will not only
negatively impact the return generated by the company on its assets but would also
hamper the confidence of its shareholders.
Low growth in revenues
The company has posted a slower growth rate in its revenues as compared to some its
closest competitors operating in the European banking industry. In fiscal 2004, the
company achieved a growth of only about 6.9% in its revenues, whereas, some its
major competitors like UBS, Standard Chartered and HSBC Holdings achieved a growth
rate of about 25%, 27% and 23%, respectively. If the company continues to derive lower
growth rate in its revenues as compared to its peers in the industry it may result in a
loss of market share.
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Opportunities
Acquisition of FundQuest
In June 2005, BNP Paribas became a leading global player in open architecture with theacquisition of FundQuest in the US. BNP Paribas Asset Management has reached an
agreement to acquire US based, FundQuest, with $10 billion in assets under
management and administration. BNP will use FundQuest as its global brand for wealth
management solutions in open architecture in the US and Europe. Massachusetts
based FundQuest, provides a range of wealth management solutions to more than 60
financial institutions, mainly banks and insurance broker-dealers. This acquisition is a
strategic opportunity for BNP Paribas and FundQuest to become an integrated global
market leader that uses open architecture to deliver wealth management solutions for
institutions and advisors. In the US, BNP Paribas will make a major move in managed
accounts, a segment of the US investment industry with strong growth potential. In
Europe, FundQuest will join forces with Cortal Consors Fund Management (CFM), a
fully-owned subsidiary of BNP Paribas and a European leader in open architecture and
investment advisory services with $18 billion under management and advisory. CFMs
existing multi-management solutions will be combined with FundQuests expertise in
managed accounts to create a global leader with nearly $30 billion under management
and administration.
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Increasing demand for private banking services
Improved global outlook and strong performance of capital markets has resulted in
strong demand for private banking services. This is evident from the growth in the
number of high net worth individuals (HNWIs) (individuals with a net worth of at least US
E1 million), which grew by 7.3% in 2004 to reach 8.3 million, an addition of 600,000.
Asia-Pacific has witnessed one of the highest growth rates (over 8%) during 2004,
which was almost twice as higher than Europe. Singapore, Hong Kong, Australia and
India have seen highest rates of HNWI population growth. Global high net worth wealth
is projected to grow at a CAGR of 6.5% over the next five years, reaching E42.2 trillion
by 2009. Since BNP has wide spread operations in almost all of the countries
mentioned above, this trend is expected to boost the companys wealth managementservices.
Emerging retirement market
The retirement market presents a key growth opportunity for financial service institutions
as government support of pension plans weakens. Insurance firms and banks are well
positioned to benefit and are investing heavily to pursue this segment more vigorously.
The responsibility of providing income for retirement is shifting from the state to theindividual in most parts of the world. Pensions make up an average of 21% of public
spending in European Union countries. The long-term savings market in Europe is
predicted to be worth about E26 trillion by the end of 2010, compared with E12 trillion in
1999. The life insurance market in the UK is also forecast to increase by 6.6% over the
forecasted period, to reach a value of 38.4 billion (approximately E56.6 billion) in 2008
(as of December 2004). BNP provides a wide range of products including personal
financial services, pensions, insurance and investment products. The positive outlook
for the long term savings market would provide the company with the opportunity to
increase revenues from the personal financial services, retirement, insurance, and
investment offerings.
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Threats
Basel II Accord
The goal of the Basel II Accord is to better align regulatory capital measures with abanks inherent risk profile based on credit, market and operational risks. The Accord is
an outcome of more than five years of work by the Basel Committee against a backdrop
of intense deliberations and dialogue within the banking industry, and among regulators
around specific rules. The Basel II Capital Accord requires banks to assess the risk in
each area of their business and set aside adequate regulatory capital. Complying with
Basel II qualification standards requires a significant history of consistent, accurate and
granular data within the credit management information systems. Due to this, the cost of
compliance has become a heavy burden on banks. In a survey conducted in 2004,
financial firms ranked compliance as their most critical spending issue. High compliance
costs would pull down the margins of banks such as BNP and adversely affect their
overall profitability.
Consolidation in the financial services industry
In recent years, there has been substantial consolidation and convergence among
companies in the financial services industry. In particular, a number of large commercial
banks, insurance companies and other broad-based financial services firms have
established or acquired broker-dealers or have merged with other financial institutions in
Europe and overseas. While the traditional reasons for mergers achieving scale and
building market share are still valid, todays mergers are likely to be driven by reasons
that go beyond sheer increases in size. In many cases, banks are now pursuing deals
that will fill in gaps in product lineups and broaden geographic coverage in current
markets as well as enter new markets. Banks are also seeking to balance the more
volatile areas of their business such as investment banking with more stable revenue
streams provided by retail banking.
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Bank of Americas E47 billion purchase of FleetBoston; JPMorgan Chases E58 billion
acquisition of Bank One; and Mitsubishi Tokyo Financial Groups interest in the retail
operations of UFJ Holdings highlight these trends. Through such business alliances and
consolidations, these organizations have attained ability to supplement their investment
banking and securities business with commercial banking, insurance and other financial
services revenues. This has greatly increased competition for banks like BNP Paribas,
which may adversely affect its market share.
IFRS Accounting
From January 2005, all European Union member countries and Australia will have to
report their financial results according to the International Financial Reporting
Standards. As per these guideline banks will have to measure more of their exposures
using fair value (ie market value) techniques. These guidelines also restrict banks in
their use of hedge accounting. Whilst this should make their accounts far more
transparent, these changes will result in increased earnings volatility, and could
significantly impact companies like BNP Paribas.
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TOP COMPETITORS
The following companies are the major competitors of BNP Paribas Group:
ABN AMRO Holding N.V. Allied Irish Banks, p.l.c.
Bank of America Corporation
Barclays PLC
Credit Agricole, S.A.
Fortis
Socit Gnrale
Standard Chartered PLC SunTrust Banks, Inc.
Wells Fargo & Company
The Toronto-Dominion Bank
Canadian Imperial Bank of Commerce
KBC Bank and Insurance Holding Company NV
Citigroup Inc.
HSBC Holdings plc
National Australia Bank Group Limited
Credit Suisse Group
Deutsche Bank AG
ING Groep N.V.
MBNA Corporation
UBS AG
TD Waterhouse Group, Inc.
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BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking (BNP Paribas CIB) had already begun
adapting to this new environment by monitoring both its capital and liquidity
requirements ahead of its competitors. The events of 2011 accelerated BNP Paribas
CIBs process of reducing its US dollar funding needs and its risk-weighted assets and
BNP Paribas CIB is well on target to reach these goals by the end of 2012. Faced with
such important structural changes, BNP Paribas CIB is adapting its business-model so
that it can continue to maximise value creation both for its clients and for the Group. For
instance, with increased capital buffers and regulatory constraints on liquidity,
disintermediation will play a larger role in the financial markets going forward. BNP
Paribas CIB is well-positioned to leverage its strong European investment bankingfranchise and world-wide distribution platform to help clients seize opportunities in these
changing, disintermediated markets. BNP Paribas CIB will continue to focus on those
important growth markets such as Asia-Pacific where macro-economic perspectives are
strong and that have strategic importance for its European clientele. BNP Paribas CIB
will capitalise on its global flow banking platform to bring to its clients around the world
the services they need. Over the years, BNP Paribas CIB has built its success on its
client-centric business model, combining a competitive capital markets franchise with a
strong financing platform in selected areas of expertise. At this critical juncture, BNP
Paribas CIB will adapt its business model to remain sustainable and competitive in the
new banking environment where it can continue to serve clients and meet their needs.
BNP Paribas Corporate & Investment Banking (CIB)
BNP Paribas Corporate & Investment Banking (CIB) provides to its clients financing,
advisory and capital markets services. It is a globally recognised leader in many areas
of expertise including among others structured financing and derivatives across a
variety of asset classes. CIB also has a solid corporate advisory franchise in Europe
and Asia.
The firm is divided into 6 key business areas:
http://cib.bnpparibas.com/http://cib.bnpparibas.com/ -
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Fixed Income: BNP Paribas' fixed income team helps companies hedge their
exposure to foreign exchange, interest rate, and credit risks, primarily though the
structuring and sale of derivative products such as interest rate and foreign exchange
swaps, foreign exchange options and credit derivatives. It also trades in these markets
on behalf of clients or for its own proprietary account. On an average day, a quarter of a
trillion dollars in fixed income instruments are traded at BNP Paribas Americas fixed
income trading floor located just blocks from the NASDAQ MarketSite in Manhattan,
New York City.[21][22]
Equity & Derivatives: BNP Paribas' Equity & Derivatives team helps companies
manage their risks and investment portfolios with equity derivatives such as options,
futures, and swaps, as well as highly complex, customized solutions such as structuredproducts. It also trades in these markets on behalf of clients or for its own proprietary
account.
Commodity Derivatives: BNP Paribas' Commodity Derivatives team helps
clients hedge their exposure to commodity risk though the structuring and sale of
commodity futures and OTC commodity swaps. It also trades in these markets on
behalf of its clients orproprietary account.
Investment Banking: BNP Paribas' Corporate Finance team performs most of
the traditional investment banking functions of the group including mergers and
acquisitions advisory, and equity raising operations such as Initial Public Offerings
(IPOs), rights issues, and convertible bond issues.
Structured Finance: BNP Paribas' Structured Finance group offers clients
project finance solutions, export financing, syndicated loans, and financing for
acquisitions and leveraged buyouts.
Corporate & Transaction Group: BNP Paribas' Corporate and Transaction
group offers clients simplified flow banking services including trade finance, international
cash management, and basic hedging solutions.
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In 2009 BNP CIB earned 12.2billion in revenue (30% of total group's), 4.4 billion in
pre-tax income (48.9% of total group's), and 18,000 employees (9.0% of total group's
headcount.)
Drawing on a Client-Focused Business Model
CIBs clients are central to their business model. These include corporations, financial
institutions and investment funds.
CIB aims to develop long-term relationships with its clients and accompany them
throughout their business and investment strategies. CIB is there to provide them with
the financing, advisory and risk management solutions they need in order to help them
move forward into the future with confidence.
Adapting Global Solutions to Suit Local Conditions
Present across all continents, CIB constantly adapts its solutions to suit local
conditions, all by relying on its global perspective and pioneering spirit. As an
integral part of a robust, well-known Group, CIB continues to demonstrate its ability to
adapt to todays economic challenges .
CIB strengthened its European leadership and further developed its international
activities. It consolidated its role as a European partner of choice for many corporates
and financial institutions worldwide.
CIBs success continues to prove its capacity to manage complex challenges, thereby
ensuring its growth and the growth of its clients.
Business Advantage
By relying on the combined Sybase/SAP Business Objects business intelligence
solution, BNP Paribas CIB now has a centralized view of global liquidity and treasury
activity so that senior management can manage risk more effectively in real time.
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Key Benefits
Ensures required reliability and security for risk management assessments
Guarantees higher analytical decision-making capacity capabilities for senior
management
Reduces business intelligence storage requirements by 75 percent
Completes critical reports in three seconds rather than 30 minutes required by
previous system
Reduces system maintenance support costs
BNP PARIBAS PRINCIPAL INVESTMENTS
BNP Paribas Principal Investments manages the Groups portfolio of listed and unlisted
investments and emerging market sovereign debt.
Listed Investment Management
The Listed Investment Management unit acquires and manages minority interests in
listed companies on behalf of the Group. Investments are generally made in large caps
and the portfolio comprises mostly French companies. The units mission is to extract
the greatest possible value from its assets over the medium term.
Unlisted Investment Management
The Unlisted Investment Management unit manages the Groups portfolio of interests in
unlisted companies (direct and indirect through funds). It identifies and analyses
investment opportunities, structures transactions, manages investments with a view to
extracting value in the medium term and organises the disposal of mature investments.
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Emerging Market Sovereign Debt Management
The Sovereign Debt Management units role is to:
monitor, on the Groups behalf, restructurings of emerging market sovereign debtin default or of countries facing difficulties and take part in or chair specially-created
credit committees (London Club Committees);
manage the portfolio of emerging market sovereign debt housed in Principal
Investments with a view to extracting value in the medium term.
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BNP Paribas in India
BNP Paribas was one of the first banks
to start a dialogue with India in 1860
begining operations in Calcutta
(renamed Kolkata). In those days, the
Bank was known as the Comptoir
National d'Escompte de Paris (CNEP).
We have since then spread our
branches to eight key metros & mini
metros and widened and enriched our
product repertoire. Today, BNP Paribas is the second oldest foreign bank on the Indiansoil and is positioned amongst the leading corporate banks in India.
This historical association with India from her independence to liberalization has given
BNP Paribas an unparalleled experience of the Indian economy as we have witnessed
her grow at close quarters. Our integrity, consciousness and commitment to the
business in India has bailed us out of the cotton crisis' in 1865 and protected us from
crashing during the depression of 1929-32 and again during the Second World War in
1940, and finally kept us away from the infamous scam of 1992.
Today, many of India's top Corporates both domestic and multinationals bank on us to
meet their specialized corporate banking requirements. Besides, through our Private
Banking offer we have also built lasting relationships with select high networth
individuals in the country.
While we are proud of our deep-rooted history in this country and the strong
relationships that we have forged through our values we are continually changing to
proactively prepare for the challenges that lie ahead.
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Our goals
Becoming the preferred banker and a trusted partner of our customers.
Nurturing our employees with a rewarding and stimulating environment for
personal and professional experience.
Providing value consistently for our shareholders through profitable development
and management of risk inherent to our business activities.
Pledging ourselves to respect and maintain the highest standards of ethics and
good corporate citizenship.
Insisting on sustained quality by being a proactive, technology driven and
innovative bank.
Historical timeline of BNP Paribas in India
1860 - Comptoir National d'Escompte de Paris (CNEP) opens a branch in
Calcutta (now Kolkata) at Fairlie Place
1862 - The Bombay (now Mumbai) branch opened at Rampart Row
1890 - Governor General of India passes the CNEP Act VII of 1890
1924 - Mumbai branch shifts in to new premises at Bombay House
1948 - The Calcutta branch, which had been closed since 1903, re-opens 1953 - Mumbai branch moves in to its own home in the French Bank Building,
from where it operates to date
1960 - CNEP celebrates its centenary in India
1966 - CNEP and the BNCI merge giving birth to the BNP
1967 - Second branch opens in Kolkata at Posta Bazar
1968 - Branch network expands with new branches in Park Circus, Kolkata and
Kalbadevi in Mumbai
1984 - New Delhi branch opens
1995 - Bangalore and Pune branches open
1996 - Ahmedabad branch opens
1998 - Chennai branch opens
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2000 - The Bank celebrates 140 years in India and at BNP group level, becomes
BNP Paribas; Processing Centre set up in Mumbai to integrate all back office operations
2001 - A Memorandum of Understanding is signed between Cardif and State
Bank of India for a joint venture in life insurance
2005 - BNP Paribas India Solutions set up to provide off-shore IT solutions and
as a Business Process Outsourcing Centre
2007 - BNP Paribas picks up a stake in Geojit marking its foray into retail broking
o Second joint venture with Sundaram in the area of home loans
o Arval India commences operations
o Joint venture with SREI in the area of infrastructure equipment finance
2008 - BNP Paribas Securities India is set up
o BNP Paribas Real Estate comes into being
2009 - BNP Paribas increases stake in Geojit and company changes name to
Geojit BNP Paribas Financial Services
o BNP Paribas Sundaram Global Securities Operations and Sundaram BNP
Paribas and Services commence operations
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WOMEN CHANGING INDIA: A BNP PARIBAS PROJECT
On Wednesday 25 May at 7 pm, the Women Changing India exhibition sponsored
by BNP Paribas in collaboration with Magnum Photos will be inaugurated at
Fondazione Forma per la Fotografia in Milan.
The Women Changing India project is an initiative launched by the BNP Paribas
banking group to commemorate the 150 years it has operated in the country. During
2010 the exhibition toured five Indian cities: Mumbai, Delhi, Kochi, Chennai and
Calcutta. In 2011 BNP Paribas is bringing the exhibition to Europe, first in Milan, and
subsequently London, Brussels and Paris.
This exhibition features more than 130 pictures taken by 6 photographers of the
Magnum agency. Their assignment was to photograph, in its various forms, the strength
of Indian women who are able to change and transform the country.
The exhibition is accompanied by videos. Listening to the voices of the photographers
and their subjects enhances our perception of the exhibition.
This project and this exhibition therefore seek to show up widespread tired clichs and
present the face of the new and constantly changing India.Indian women have the
power to change their country and that is what they are doing.
"India's future is growing in the hands of women."
-Martine Franck
Women Changing India
From May 26th to June 19th 2011
Every day from 10 am to 8 pm
Thursdays and Fridays open until 10 pm. Closed on Mondays
Tickets: 7.50 euros Reductions 6 euros Schools 4 euros
Info: 02 58118067
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Bank of the Year: BNP Paribas
The past 12 months were hazardous for international banks. Market volatility and
economic uncertainty ran into transformational changes brought about by sweeping
regulatory change. One bank took some very early and courageous decisions, moved
aggressively to boost capital and liquidity, and cut risk-weighted assets at the same time
as it began executing on the first stages of a bold shift in its corporate and investment
bank strategy. BNP Paribas is IFRs Bank of the Year.
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WEALTH MANAGEMENT
Presence in India
BNP Paribas was one of the first banks to set up office in India in 1860 and it is thesecond oldest foreign bank on Indian soil. Today it has a nationwide presence across
eight cities. Many of India's leading companies trust us to meet their specialised banking
requirements. We provide them with sophisticated solutions in foreign exchange and
derivatives as well as hedging operations.
BNP Paribas Private Banking
Internationally, BNP Paribas has a long tradition in private banking: our expertise hasserved many entrepreneurs and has forged some very special relationships that have
endured over the years. Today, we manage over USD 175 billion in assets worldwide
a testimony of our clients' confidence in us.
We are a premier private banking service that offers wealth advisory services to
discerning customers who appreciate the need for personalised attention and expertise
in financial planning. BNP Paribas was among the first banks to introduce private
banking services in India, in 2000,. Over time, our focus on understanding clients'
financial ambitions has led to providing tailored solutions for them. Today, we are
positioned to provide a wide array of products and services, comparable to the best in
the world.
What We Can Do For You
We bring to the table a high level of personalised customer service, professional
guidance and comprehensive understanding of wealth advisory in India. You benefit
from the multidisciplinary skills of our teams handling multi-faceted investment avenues.
From expert advice on asset acquisition to portfolio advisory, BNP Paribas Private
Banking provides you with made-to-measure services designed to meet your
expectations in full.
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Responding To Your Needs with our Strengths
A comprehensive suite of products and services
Skilled and experienced teams
Global strengths: products, research & cross-border expertise
Dynamism in offering wealth advisory services
Partnership, not mere relationship with clients
Over the years, we have been serving wealth creation and investment needs of
individuals and families that include industrialists, entrepreneurs, businessmen,
professionals, senior executives and Non-Resident Indians.
Clients come to us with a unique set of opportunities and goals.
We work with them to understand their requirements in order to develop
appropriate solutions that are aligned to their objectives
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Bibliography
http://www.bnpparibas.co.in/en/introduction/activities.asp
http://www.bnpparibas.com/en/news/women-changing-india-bnp-paribas-project
http://cib.bnpparibas.com/News/page.aspx/14
http://online.wsj.com/article/SB10001424127887323894704578104210884592532.html
http://www.bnpparibas.com/en/about-us/core-businesses/corporate-investment-banking
http://www.bnpparibas.co.in/en/introduction/activities.asphttp://www.bnpparibas.co.in/en/introduction/activities.asphttp://www.bnpparibas.com/en/news/women-changing-india-bnp-paribas-projecthttp://www.bnpparibas.com/en/news/women-changing-india-bnp-paribas-projecthttp://cib.bnpparibas.com/News/page.aspx/14http://cib.bnpparibas.com/News/page.aspx/14http://online.wsj.com/article/SB10001424127887323894704578104210884592532.htmlhttp://online.wsj.com/article/SB10001424127887323894704578104210884592532.htmlhttp://www.bnpparibas.com/en/about-us/core-businesses/corporate-investment-bankinghttp://www.bnpparibas.com/en/about-us/core-businesses/corporate-investment-bankinghttp://www.bnpparibas.com/en/about-us/core-businesses/corporate-investment-bankinghttp://online.wsj.com/article/SB10001424127887323894704578104210884592532.htmlhttp://cib.bnpparibas.com/News/page.aspx/14http://www.bnpparibas.com/en/news/women-changing-india-bnp-paribas-projecthttp://www.bnpparibas.co.in/en/introduction/activities.asp