BNP Paribas opens Bucharest branch, could start operations by the end of the month

Anca Alexe 18/01/2018 | 14:17

BNP Paribas, the largest bank in France with assets worth over EUR 2 trillion, has registered a branch at the Commerce Registry in December of last year, and according to information from the National Bank (BNR), cited by ZF.ro. The Bucharest branch may start granting loans and attracting deposits at the end of this month.

The Romania bank will be called BNP Paribas Personal Finance and it is a branch of the retail division of the same name in France. BNP Paribas Personal Finance is entirely owned by the BNP Paribas Group and it is the leader of the retail market in France. Through this retail division, BNP operates in 30 countries in Europe, North and South America, Africa and Asia.

The retail bank closed last year with a net profit worth EUR 1.4 billion and a credit stock of EUR 76.5 billion.

The French giant BNP is already present in Romania in the crediting sector through the non-bank financial institution Cetelem, which will most likely be taken over by BNP Paribas Personal Finance.

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Anca Alexe | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue