BNP Paribas

BNP Paribas (French pronunciation: ​[be ɛn pe paʁibɑ]) is a French multinational bank and financial services company with global headquarters in Paris. BNP Paribas is one of the largest banks in the world. Based on 2012 information, BNP Paribas was ranked as the third-largest bank in the world, as measured by total assets, by Bloomberg and Forbes. In 2010, It was the world's 18th largest corporation, according to the Fortune Global 500 list, the rankings are based on revenues, accounted for as the sum of gross interest income and gross non. It was formed through the merger of Banque Nationale de Paris (BNP) and Paribas (see below for name origin) in 2000.The firm is a universal bank split into three strategic business units: Retail Banking, Corporate and Investment Banking and Investment Solutions (which includes Asset Management, custodial banking, and real estate services). BNP Paribas's four domestic markets are France, Italy, Belgium, and Luxembourg. It also has significant retail operations in the United States, Poland, Turkey, Ukraine, and North Africa, as well as large-scale investment banking operations in New York, London, Hong Kong, and Singapore.BNP Paribas escaped the 2007–09 credit crisis relatively unscathed reporting a €3 billion net profit for the year of 2008, and €5.8 billion for 2009, both years boosted by profits from trading in its Corporate and Investment Banking division.