BNP Paribas has been named “World's Best Bank” for 2016 by Euromoney, the leading global financial publication, in its prestigious annual Awards for Excellence.
The principal accolade of “World’s Best Bank” was one of eight won in total by BNP Paribas, which also included the regional awards “Best Bank in Western Europe” and “Best Bank for Transaction Services in Western Europe”.
Euromoney said: “BNP Paribas is that rarity today: a large bank actually delivering on its promises. It is producing better returns even than many of the big US banks, despite being anchored in a low-growth home region, all while proving the benefits of a diversified business model. Only excellent bank management teams can satisfy shareholders, regulators and customers all at once today.
BNP Paribas has one of the very best. Loyal, technically proficient, not given to boasting or to grand visions, this team has built capital, reducing risk and boosting its customer market share. It also boasts a number of powerful global franchises, including a strong corporate and institutional banking business which is starting to excel in transaction services."
As well as “World’s Best Bank”, BNP Paribas also won the following awards:
Best Bank in Western Europe
Best Bank for Transaction Services in Western Europe
Best Bank for Wealth Management in Western Europe
Best Bank in France
Best Bank in Luxembourg
TEB (Turkish Economy Bank) – Best Bank for Corporate Social Responsibility in Central & Eastern Europe
TEB – Best Bank for SME’s in Central & Eastern Europe
Jean-Laurent Bonnafé, Chief Executive Officer, BNP Paribas said: “We are very honoured to receive this prestigious award. I would like to express my gratitude to our clients for their loyalty and to our colleagues for their commitment. At BNP Paribas, we aspire to be the reference among European banks with a global reach, the preferred long-term partner to our clients, and a contributor to responsible and sustainable global development. These awards reflect the strength of our diversified and integrated business model in helping us to achieve this objective. ”
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.