BNP Paribas SA Stock Price Today (BNPQY)
2023.02.08 15:21
Together with Crédit Agricole, Société Générale, and Groupe BPCE, BNP Paribas is a French financial conglomerate that makes up the “big four” of the country’s banking market. It is ranked ninth among the world’s largest banks by assets as of 2018.
The bank dropped from ninth place on the Global Finance magazine list of the 50 most trustworthy banks in the world in 2010 to 18th place. It has been one of the major global systemically important banks since 2011.
In 2000, investment Paribas and retail Banque Nationale de Paris (BNP) merged to form BNP Paribas Group.
The creation of the Comptoir National d’Escompte de Paris, or CNEP, in 1848 marks the beginning of BNP’s history; It was established to help the city’s economy recover from the crisis brought on by the 1848 revolution. This institution began actively engaging in international trade in the middle of the 1850s as the economic situation stabilized. It was the only foreign bank in Australia for many years and one of the largest banks in India.
