BNP Paribas history

1874: Farmers National Gold Bank, the future Bank of the West, established in San Jose, California

The CEP grew steadily in France and overseas, although in 1889 there was a crisis in which it was temporarily placed in receivership.

1913: Istituto Nazionale di Credito per la Cooperazione, which later became BNL, established in Rome

1919 Forerunners of the Polish bank BGZ (Bank Gospodarki Żywnościowej) founded

By 1920, it had opened 223 branches, and had twice that many by the end of the decade.

Over the past 100 years, the history of BNL has closely intertwined with the history of Italy and Europe at large, from two wars to a dictatorship;from the economic crisis of 1929 to the economic boom that followed.

The Comptoir d’Escompte de Mulhouse, founded at the initiative of textile and manufacturing entrepreneurs, was taken over by its subsidiary, the Banque Nationale de Crédit, in 1930.

1932 Banque Nationale pour le Commerce et l'Industrie (BNCI) established.

They include, ironically, one of the world’s models for such undertakings, the Tennessee Valley Authority, established in 1933.

1945 Leading French deposit banks, including the CNEP and the BNCI, nationalised

During the Depression, expansion slowed, and things improved little during World War II. In 1946, along with the Bank of France and three other major deposit banks (including BNCI, with which it would later merge), CNEP was nationalized as part of the government's postwar recovery plan.

the first consumer loan in France was implemented by Cetelem (1953), the company established by Jacques de Fouchier, founder of Compagnie bancaire.

In 1961, the Société Générale de Belgique, the forerunner of BNP Paribas Fortis, inaugurated an IBM 7070.

The company was founded on May 26, 1966 and is headquartered in Paris, France.“

BNP teamed up with five other banks in 1967 to create the carte bleue bank card, the first payment card in France.

In 1968, BNP was one of the first institutions to become involved with Eurocurrency, and its international operations continued to strengthen and grow.

By 1970, the bank had reentered the investment-banking business with the creation of its capital arm, Banexi.

In 1972, BNP was one of the first foreign banks allowed to open a branch in Tokyo.

In 1977, it opened branches in Düsseldorf, Stockholm, and Amsterdam.

78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated.

1979 BNP acquires Bank of the West.

The introduction of automated teller machines in 1981 offered clients a range of new services such as account viewing and a log of recent operations.

In 1985, BNP focused on acquiring stakes in small companies, making mergers and acquisitions, and providing advice to business managers.

In 1986, BNP's profits rose 52 percent.

In July 1987, in anticipation of a law expected to be passed shortly to allow banks to buy into investment firms, BNP acquired a 54 percent controlling interest in the Du Bouzet stockbrokerage firm in Paris.

In 1989, BNP opened an office in Budapest in an effort to help joint projects between Hungary and France as well as the businesses of Hungarian state trading companies.

He immediately began preparing for the privatisation decreed by a law passed on 19 July 1993.

1997: Company gains full control of Banque du Caire.

In 1998 the Fortis group acquired Générale de Banque.

In 1999, BNP and Société Générale fought a complex battle on the stock market, with Société Générale bidding for Paribas and BNP bidding for Société Générale and counter-bidding for Paribas.

In May 2000, BNP and Paribas merged to form BNP Paribas, which is thus descended from four founding banking institutions.

In 2006, BNP Paribas purchased Banca Nazionale del Lavoro (BNL), Italy's sixth largest bank.

On 9 August 2007, BNP Paribas became the first major financial group to acknowledge the impact of the sub-prime crisis by closing two funds exposed to it.

On 6 October 2008, BNP took over 75% of troubled bank Fortis' activities in Belgium, and 66% in Luxembourg, in exchange for the Belgian government becoming the new group's major shareholder.

In May 2009, BNP Paribas became the majority shareholder (65.96%) of BGL (formerly Fortis Bank Luxembourg), the State of Luxembourg retaining 34% making BNP the eurozone's largest bank by deposits held.

On 21 September, the bank's registered name was changed to BGL BNP Paribas and in February 2010, BGL BNP Paribas became the 100% owner of BNP Paribas Luxembourg.

BNP Paribas reached an agreement in December 2013 to acquire Rabobank's Polish unit BGZ Bank for around $1.4 billion.