Follow our microfinance actions
26.06.2019 | CSR
In 1989, BNP Paribas launched its first ever microfinance partnership with Crédit Rural de Guinée, followed a year later by support for Adie in France. 30 years later, microfinance is now one of the Bank's flagship commitments.
As part of its Corporate Social Responsibility (CSR) approach, BNP Paribas has become wolrdwide the preferred partner of many Microfinance Institutions (MFIs). BNP Paribas has even participated in the co-creation of two of them in Belgium and Luxembourg.
With 296 million euros in assets under management in 2018 in the form of direct loans or investments, located in around 100 countries through dedicated funds or in direct intervention (17 countries concerned, including all countries in the domestic markets), microfinance also contributes to the Group's actions in support of the Sustainable Development Goals (SDGs). In the same year, nearly 360,000 people excluded from the traditional banking system were able to carry out their projects and improve their standard of living indirectly thanks to the Group's financing.