How old is bnp paribas

This was the reasoning behind the establishment of Hello bank! Currency dematerialisation can be seen in the introduction of Paylib online payments competing with PayPal that has the benefit keeping bank details in the bank and contactless payments.

Go to navigation Go to content. About the Group History: two centuries of banking History: two centuries of banking The story of BNP Paribas dates back to the 19th century, when the banks that would eventually form the Group first opened and expanded.

We invite you to share in our story and explore our archives to learn more about our constantly changing world. You must accept the "Social media and content sharing cookies" to see this content. Cookies settings. Banking is not a risk-free endeavour, especially not in the 19th century. Key dates. This was the first time a French bank set up a branch network abroad from nothing.

BNP Paribas is perpetuating the tradition today with a presence in over 80 countries. The building boasted the latest technical innovations at the time. The forerunners of BNP Paribas expand and reinvent themselves despite crises.

Banking innovations made their appearance in France: personal loans in and SICAV open-ended investment schemes in At that time Calcutta was the capital of India and a major trade centre. Why did the Comptoir set up in India? In similar vein, the French demand for wool led the Comptoir to set up in Australia in A second branch opened in in Bombay now known as Mumbai as this major cotton and trading centre was experiencing a boom during the American Civil War.

In , due to the difficult political and economic climate, the Calcutta branch was closed. The branch managed to maintain profitability by financing cotton exports and engaging in precious metals trading. In , with the War over and Indian Independence achieved, the Comptoir reopened in Calcutta and then in set up a representative office in Delhi , now the national capital.

In , the Bombay branch moved into the French Bank Building, acquired and installed with air conditioning in time for the one hundredth anniversary of the Bank of India in The name was better suited to Indian customers, who could now at least pronounce the name of the bank! From on, as the Indian financial authorities tried to encourage ordinary people to save, BNP set up a number of new branches in Bombay and Calcutta and made efforts to attract deposits.

Unfortunately, the high degree of mobility of personal savings deposits meant that results fell short of expectations. During the s, the foundations of a modern bank on a different scale were laid. Where are BNP Paribas shares listed?

History: two centuries of banking 18 October The nominal value of the share is divided in half. Launch of Hello Bank! Analysts briefings. In BNP Paribas also announced the launch of Ace Manager, the first banking adventure game based on real-life scenarios in 26 countries including Mauritania. This initiative, aimed at business school and university students, is part of the group's strategy for boosting brand awareness of BNP Paribas as one of the leading employers of students all over the world, and increasing the group's appeal towards the young.

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