BNP Paribas owns 60% of the new subsidiary. The European Development Finance Institutions of Proparco (Agence Française du Développement group) and Deutsche Entwicklungsgesellschaft (DEG) are also involved in this project, each with a 20% stake in the capital of BNP Paribas Mauritanie.
Mauritania has exceptional mining resources and strong prospects in the petroleum and gas sector, and has steadily attracted numerous investors in recent years. In addition, the ongoing modernisation of its infrastructure has fostered the emergence of successful local businesses.
This new establishment strengthens the Group's already strong presence in North Africa, as well as being a key asset for its sizeable sub-Saharan network, given Mauritania's pivotal role in North-South trading on the African continent.
The BNP Paribas Group's presence in North Africa
MOROCCO 188 branches – 1,900 employees
BMCI - BMCI Leasing - BMCI Bourse – BMCI Finance - BMCI Gestion -
CETELEM Maroc - ARVAL
ALGERIA 16 branches - 300 employees
BNP Paribas El Djazaïr - CETELEM Algérie
TUNISIA 72 branches – 1,000 employees
UBCI - UBCI Leasing
The BNP Paribas Group's presence on the rest of the African continent
- SENEGAL (BICIS - 20 branches - 450 employees)
- IVORY COAST (BICICI - 23 branches - 500 employees)
- BURKINA FASO (BICIAB - 11 branches - 300 employees)
- MALI (BICIM - 2 branches - 50 employees)
- GUINEA CONAKRY (BICIGUI - 16 branches - 250 employees)
- GABON (BICIG - 10 branches - 500 employees)
EGYPT (BNP Paribas Egypt - 16 branches - 350 employees)
- DJIBOUTI (BCI Mer Rouge - 6 branches - 170 employees)
- MADAGASCAR (BMOI - 8 branches - 320 employees)
- COMORO ISLANDS (BIC Comores - 2 branches - 70 employees)
SOUTH AFRICA (Representative Office)
More about BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and is one of the leading 15 banks in the world and first in the Eurozone by stock market capitalisation. The Group currently has close to 140,000 employees, including 110,000 in Europe. BNP Paribas enjoys key positions in its three core businesses: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in over 85 countries and is firmly established in all the major international financial centres. France and Italy are its two national retail banking markets while all its businesses are present across Europe. BNP Paribas also has a significant and growing presence in the United States and strong positions in Asia and the emerging countries.