François Debiesse, Director of BNP Paribas Private Bank and Chairman of the Foundation BNP Paribas, one of Europe’s leading private banking entity is scheduled to visit Dubai from December 12th – 15th 2005 to announce the company’s expansion plans in the GCC and Lebanon.
BNP Paribas' history and footprint in the Gulf is already very strong and until the merger in 2000, BNP and Paribas operated independently in the Gulf for more than 25 years.
BNP Paribas boasts a long tradition in private banking. Its expertise in financial management and investment has served the great entrepreneurs and foremost names in private investing for more than a century.
BNP Paribas Private Bank (privatebank.bnpparibas.com) ranks among the top three European players managing over euros 115 billion worldwide on behalf of its clientele. It commands a leading position in France and occupies first-tier positions in all major international private banking centres.
BNP Paribas is a leading global financial services group, with solid roots in Europe and significant presence in Asia and the Americas. It is ranked as the number one banking group in the Euro zone in terms of net income.
BNP Paribas has been operating in the Gulf for over 32 years offering the expertise of all core businesses on the ground. The recent openings of Riyadh and Kuwait branches are a part of the bank’s ambitious development strategy in the G.C.C. to expand its regional network in the region and better serve its clients. With its regional management based in Bahrain since 2001, BNP Paribas in the Gulf region accounts approximately 378 employees.
BNP PARIBAS in Lebanon
A full subsidiary of BNP Paribas, BNPI Lebanon was established in 1944 and was the first entity of the group to be implemented in the Middle East. A benchmark institution, it represents today a modern and dynamic international bank. With a network of 5 branches and a staff of 216 employees, BNPI is renowned for its reliability and diversity in service offerings. To prove its ongoing commitment to the country and its local clients, BNPI Lebanon is one of the few foreign banks to still maintain a presence in Lebanon, despite the turmoil and the political instability.
BNP Paribas is a European leader in banking and financial services. BNP Paribas is the first bank in the Euro zone in terms of net income (2004). The group has one of the largest international banking networks, present in over than 85 countries with close to 100 000 employees, including 67,000 in Europe. BNP Paribas enjoys key positions in its three core businesses: Corporate and Investment Banking, Asset management & Services and Retail Banking.
BNP Paribas Private Bank
BNP Paribas Private Bank, the private banking arm of BNP Paribas, ranks among the top three European players in its fields, managing world-wide more than 115 billion euros on behalf of its clientele. It commands the leading position in France and occupies first-tier positions in all major international private banking centres.