BNP Paribas one of largest multinational bank in the world offering various financial services to the customers.
The company’s Headquarters are situated in Boulevard des Italiens, Paris, France and it was formed with the merger of two companies named BNP and Paribas in 2000. The individual companies were major financial services companies in France before the merger.
The BNP Paribas group is organized around two major activities namely Retail Banking and services and Corporate and Institutional Banking. Retail banking segment comprises of Domestic and International Financial services customers. It also engages in investment management services and sovereign debt management products as part of its product portfolio.
The group’s business model associates with serving a diversified client base of nearly 32million customers which includes Individuals, Institutional customers and Business partners. Along with the private banking services the company also has close relations with the French government in providing the required services for the economy and the initiatives taken by the government for the common people. Most of the Small and medium sized companies build their credit network based on the services provided by BNP Paribas. The company has always come up with new financial products in areas like Structured Finance, Foreign exchange products, Risk hedging solutions, fixed income and advisory services.
BNP Paribas group serves as platform for Stock markets to facilitate active trading. It also provides wealth management facilities to selected and diversified clientele. With a presence of over 75 nations, it is one of the most extensive banking networks in the world. The company operates primarily in major European economies i.e. France, UK, Italy, and Belgium along with investment banking operations in London, Paris, Singapore, New York and Hong Kong. The group also has presence in developing economies like India, where it is the 2nd oldest foreign bank to start operations.
Total Assets: $2166.3 billion
Net Sales: $74.9 billion
Net Profits: $7.4 billion
A sample size of 20 biggest French companies were taken for analysis. 3 major parameters for companies are its value of assets, ability to generate sales and Profits. The data on these 3 parameters have been collected in Billion US dollars for the financial year 2016.
Weightage given to each parameter.
Total Value Assigned = 0.4*Total Assets+0.3*Net Sales+0.3*Net Profits
The final ranking was arrived based on the value derived from the above formula.