BNP Paribas, one of the world’s largest banks with a sizeable presence in the Middle East region, has launched its new Innovation Awards which is open to all employees.
This initiative demonstrates BNP Paribas’ commitment to making innovation one of its major assets in a profession where research and development already play an important part, from the Equities and Derivatives division which employs hundreds of mathematicians through to the retail bank’s marketing force and IT development teams.
But the Innovation Awards go beyond the scope of regular research and development activities and are part of a broader ethos which aims to foster the spirit of innovation in all BNP Paribas employees. It is a participatory process that values suggestions from all members of staff, individual or collective, making innovation both a motivating force for employees and a driver for improved services to our customers.
BNP Paribas is already an industry leader in several categories offering a range of products to its clients. The banking giant has received various awards from international institutions for its transactions and innovative instruments. During 2006 alone, the company won many awards at international forums.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has around 140 000 employees, 110 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres.
Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.
