BNP Paribas is a French banking and financial services institution. BNP Paribas is one of the largest banks in Europe and in the world. BNP Paribas operates globally, offering retail and corporate and institutional banking products and services at both domestic and international markets.
In 2015 total assets of BNP Paribas were 1 994,00 bln EUR.
BNP Paribas is rated by Fitch, Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade). Long-term credit rating assigned to the bank by Standard & Poor's is A (strong capacity to meet its financial commitments). BNP Paribas participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
BNP Paribas is headquartered in PARIS.
|Address||16 BOULEVARD DES ITALIENS, 75009, PARIS, France|
|Head of Group||BNP Paribas (France)|
|Total Assets (2015)||1 994.00 bln EUR (-4.04%)|
|Credit Ratings (as of Apr 2016)|
|Fitch||A+ (high credit quality)|
|Moody's||A1 (upper medium grade)|
|S&P's||A (strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
|European Presence||24 banks in 17 countries|
In 2015 total assets of BNP Paribas were 1 994.00 bln EUR. Decline compared to the previous period (2014) was -4.04%. The evolution of the total assets of BNP Paribas is shown at Chart 1 below.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, BNP Paribas is rated by Fitch and Standard & Poor's.
Credit ratings assigned to BNP Paribas as of April 2016 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for BNP Paribas it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for BNP Paribas is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A+|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||NF|
Viability rating for BNP Paribas is set to a+ (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
Long-term rating for BNP Paribas it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Bank financial strength rating is baa1. Short-term rating is set to Ba1.
|Long-Term Bank Deposit Rating||A1|
|Bank Financial Strength Rating||baa1|
Outlook for the ratings of BNP Paribas is set to stable (not likely to change).
Long-term foreign currency rating for BNP Paribas is set to A (strong capacity to meet its financial commitments). Long-term local currency rating is set to A (strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||A|
|Long-Term Local Currency Rating||A|
|Short-Term Foreign Currency Rating||A-1|
|Short-Term Local Currency Rating||A-1|
Short-term foreign currency rating for BNP Paribas is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in France are obliged to participate in French deposit guarantee scheme.
In the case of BNP Paribas failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)|
|Covered Currencies||all currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Further Information: Deposit Guarantee Scheme in France
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of BNP Paribas and its components are shown in the table below.
|Bank BIC Code||BNPA|
|Country Code||FR (France)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of BNP Paribas is shown in the table below.