BNP Paribas’ strength confirmed by the results of the EU-wide Stress Test
01.08.2016 | Financial Information, Press release
On 29 July 2016 the European Banking Authority (EBA) published the results of the EU-wide Stress Test carried out jointly with the European Central Bank (ECB). This exercise covered the 51 most important banks of the European Union.
The stress test results demonstrate BNP Paribas’ resistance in a scenario of major stress based on extremely severe assumptions of economic and market evolutions. BNP Paribas is actually amongst the banks where the impact of such a scenario would be the less important (first quartile).
The results of this thorough exercise conducted by the EBA and the ECB confirm the Group’s balance sheet strength and the quality of its risk policy.
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.