La banque d'un monde qui change 2004 - BNP Paribas

A partnerin societyArt thErapY, bnp paribas SWITZERLAND FOUNDATIONBNP Paribas seeks to develop partnerships not only with economic actorsbut also with representatives of the manifold components of society.The French Retail Banking network listed all its active partnerships in 2004,and the total number reached 900, which illustrates the depthof the Group’s involvement as a partner in society.A firm commitmentto developing microcreditBNP Paribas decided to deepen its commitmentto providing micro loans to the unemployedsetting up their own business, including thosewho have experienced long-term unemployment,by strengthening its partnership with Adie,a non-profit association specialised in this area.BNP Paribas support for Adie covers the followingfour aspects:• granting Adie a credit line of at leastEUR 2 million, which will allow the financingof at least 1,000 projects;• undertaking to cover 30% of the association’scredit risks;• helping finance the cost of assistanceto the newly created companies, up to a totalamount equal to 10% of the funds madeavailable to the association;• opening bank accounts for any entrepreneurswho do not yet have one, as soonas their application has been acceptedby Adie, and enabling them to benefitfrom the associated banking services.Each of the 100 local Adie offices hasa designated correspondent BNP Paribasbranch responsible for helping it implementthe system.