According to Diane Sim, Managing Director for VRL KnowledgeBank, the magazine's publishers, “The award recognizes BNP Paribas' swift and decisive action in seizing control of BNL and succeeding where the Italian bank's earlier suitors failed”,
The deal gave BNP Paribas control of Italy's 6th largest bank by deposits and loans, as well as a national network of about 900 number of distribution outlets and 3 million retail banking customers. It has made BNP Paribas one of the largest foreign players in Italy, one of Western Europe's highest growth markets, and has made Italy its second domestic market after France.
The judging was undertaken by an international panel of VRL KnowledgeBank journalists and an external panel of representatives from the major international major consulting companies, along with other independent analysts and consultants specialising in retail financial services.
BNP Paribas will present its development plan for the Italian market to investors and analysts on Friday 1 December in Rome.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization and total assets. It has more than 140 000 employees, 110 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.