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

media.cms.bnpparibas.com

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

• international retail banking and financial services

RETAIL BANkING

IN ThE uNITEd STATES-BANCwEST

In the United States, the Retail Banking Business

is conducted through BancWest Corporation,

a company formed out of the 1998 merger

between Bank of the West and First Hawaiian

Bank, wholly-owned by BNP Paribas since

the end of 2001. BancWest has completed a

number of acquisitions since that date, including

United California Bank in March 2002,

Community First National Bank and Union Safe

Deposit Bank in November 2004, and more

recently, Commercial Federal Corporation in

December 2005.

Bank of the West now offers Retail Banking

services to individuals, small businesses and

corporate clients in 19 western states. It also

has strong national positions in certain niche

lending markets, such as Marine, Recreational

Vehicles, Church Lending, and Small Business

Administration.

With a market share of close to 40% based

on deposits (source: SNL Financial, 30 June

2006), First Hawaiian Bank is Hawaii’s leading

bank, offering a broad array of products and

services to a local clientele of private individuals

and companies.

In total, BancWest has over 12,000 employees,

742 branches and total assets of USD 66.8 billion

at 31 December 2006. Serving 4 million households

and companies, it is now the 5th-largest

bank in the western United States (source: SNL

Financial, 30 June 2006).

EmERGING mARkETS

The Emerging Markets Retail Banking networks

underwent significant growth in 2006, with

343 branches opened in their customer territory

covering 33 countries.

BNP Paribas is leveraging the expertise acquired

in running its branch network in mainland France

to drive the development of its subsidiaries in

these regions, which – excluding China, where

the Group is developing a strategic partnership

– represent more than 1,650 branches and over

2.5 million clients.

In April 2006, the Group finalised the acquisition

of 51% of UkrSibbank, which was Ukraine’s

3rd-largest bank in terms of assets as at

31 December 2006 (source: National Bank of

Ukraine). Its network expanded rapidly during

the year and now stands at 985 branches and

10,000 employees. The Group also invested in

the organic development of a local bank network

in Russia.

BNP Paribas set up two new operations in

2006: a branch in Israel in November and a

subsidiary in Mauritania in December.

In Turkey, Türk Ekonomi Bankası (TEB), whose

holding company, TEB Mali, has been 50%-held

by BNP Paribas since February 2005, is expanding

rapidly. Its network added 57 branches

during the year, giving it a total of 170 sales

facilities at 31 December 2006.

16 GROUP ACTIvITY IN 2006

More magazines by this user
Similar magazines