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.
BNP Paribas has Category B banking license number 79012 issued by the Cayman Islands Monetary Authority. This type of license allows BNP Paribas to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of BNP Paribas failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of BNP Paribas failure its depositors will not be paid out any compensation.
The following banks operating under BNP Paribas brand name has been recently closed down: