Banque Nationale de Paris

BNP logo

Banque Nationale de Paris (French pronunciation: [bɑ̃k nasjɔnal də paʁi]) was a major French bank. It was formed in 1966 through the merger of Comptoir national d'escompte de Paris (CNEP, est. 1848) and Banque nationale pour le commerce et l'industrie (est. 1932). In 1999, it merged with Paribas to form BNP Paribas.

Overview

In 1966, the French government decided to merge Comptoir national d'escompte de Paris with Banque nationale pour le commerce et l'industrie to create BNP.[1]

In 1990, BNP entered into an alliance with Dresdner Bank and supported a joint venture with Dresdner Bank to enter the Russia market supporting a Dresdner Bank branch in Saint Petersburg with Vladimir Putin's close friend Mathias Warnig as its chairman.[2] This alliance to enter the Eastern European markets continued until December 2000.[3]

The bank was re-privatised in 1993 under the leadership of Michel Pébereau as part of a second Chirac government's privatization policy.[4][5]

See also

Notes

  1. ^ "The Comptoir national d'escompte de Paris (1848-1966) - BNP Paribas". BNP Paribas. Retrieved 6 December 2023.
  2. ^ "Report Links Putin to Dresdner". The St. Petersburg Times. 1 March 2005. Archived from the original on 13 June 2008. Retrieved 9 August 2023.
  3. ^ "BNP-Paribas, Dresdner Will Split Up Their Eastern Europe Joint Ventures". Washington Post. 22 December 2000. Archived from the original on 1 October 2022. Retrieved 9 August 2023.
  4. ^ "BNP Paribas Group History". International Directory of Company Histories. 36. St James Press. 2001. Archived from the original on 4 April 2017.
  5. ^ "The BNP Paribas Group – History of the Group". BNP Paribas. Archived from the original on 14 September 2013. Retrieved 15 February 2013.
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