Comparing BNL and BNP Paribas

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Comparing BNL and BNP Paribas

BNP Paribas is bigger than BNL, both in terms of size & activities. BNP Paribas is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. The Group has one of the largest international banking networks, a presence in over 85 countries and 169,800 employees including: 130.000 in Europe & among whom 19.700 in Italy and 64.100 in France and in the Overseas Departments; 15.000 in North America (BancWest) and 9,800 in Asia. BNP Paribas is also a constituent of the CAC 40 index in France.

1st largest French company and 5th in the banking industry worldwide, 1st bank in the Euro Zone

6th most valuable international banking brand

Core Business

• Retail Banking • Corporate & Investment Banking • BNL Banca Commeriale

• International Retail Services • Asset Management & Services • Other activities

Banca Nazionale del Lavoro BNL is the sixth Italian banking group and ranks amongst the top 60 European banks and the top 100 banks in the world in terms of total assets. Following the completion of the Public Tender Offer by BNP Paribas S.A. & the ordinary capital of BNL amounts to over 99 per cent. BNL has a strong identity in the Italian market, a strength gained because they have benefit with over 90 years of activity, experience and reliability.

What were the main drivers of BNP Paribas` acquisition of BNL & What makes Italy’s retail banking market attractive

The main driver for BNP Paribas acquisition of BNL was that in Italy, the top 5 banks had a share of only 35 % of the total banking market, so maybe therefore they saw a unique opportunity in the Italian market. The Italians saved more money than the average of the European Union citizens, but they pay higher bank fees. BNP´s Italian operation already produced revenue of €750m a year. So the main driver of this was to invest for growth in a market where the competition was not as high as in example France or Britain, but I also think, that BNP Paribas wanted to boost their existing activities.

To be a new key player in the Italian Banking & Investment market, BNP Paribas wanted to do that through improving profitability by optimizing quality of service, cost efficiency and risk management.

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