Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• international retail banking and financial services

INTERNATIONAL

RETAIL BANKING AND

FINANCIAL SERvICES

The International Retail Banking and Financial

Services (IRFS) core business has 54,750 (1)

employees in 56 countries. BNP Paribas subsidiaries

and branches, boasting well-known

brands and in many cases leading market positions,

provide products and services covering

five distinct business lines.

Cetelem is the market leader in France and

continental Europe in household and consumer

finance, and has a strong international orientation

with a presence in 26 countries on four continents.

Arius, Artegy, Arval and BNP Paribas

Lease Group have strong market positions in

Europe in investment financing for companies

and business equipment management, with

operations in 24 countries. These activities

have now been grouped within Equipment

Solutions.

This core business also has significant positions

in mortgage financing through UCB and its

subsidiaries, which are active in ten European

countries.

In retail banking, IRFS manages a network of

local banks serving as platforms for growth for

many of the Group’s businesses in their domestic

markets.

BancWest (Bank of the West and First Hawaiian

Bank), with operations in 20 states in the western

United States, is active in markets undergoing

rapid economic and demographic expansion.

In the Emerging Markets, the business is

enjoying strong organic growth in new regions

(Kuwait, Saudi Arabia, Algeria, Israel, Russia

and Mauritania). The Group has made major

investments in Turkey (TEB), China (NCCB) and

Ukraine (UkrSibbank) and signed an agree-

ment to acquire a holding in a Vietnamese

bank (OCB). The Retail Banking Business is

also growing strongly in its traditional networks

which already have significant market shares.

This is the case in North Africa with UBCI in

Tunisia, BMCI in Morocco, the BICI network in

Africa, BMOI in Madagascar, BNPI in Lebanon

and all countries where BNP Paribas conducts

retail banking operations in its own name, in the

French overseas departments and territories

and the Near and Middle East.

All IRFS businesses have a strong corporate

culture that values entrepreneurship, high

returns and an ability to adapt to their changing

environments. The complementary nature of

their activities enables them to exploit synergies

and opportunities for cross-selling. These businesses

are the cornerstone of BNP Paribas

growth strategy.

13

(1) Excluding LaSer-Cofinoga. GROUP ACTIvITY IN 2006

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