BNP Paribas Voted Top Primary Dealer By French Agency For Fourth Consecutive Year

Published January 31st, 2007 - 02:39 GMT
Al Bawaba
Al Bawaba

Leading European bank at the cutting edge of inflation products

BNP Paribas, a European leader in banking and financial services has been awarded the top position as a primary dealer for the fourth year in a row in an annual survey commissioned by Agence France Trésor*. In all fixed income products, BNP Paribas is the leading counterparty of investors surveyed. This outstanding result is the fruit of the constant work of BNP Paribas Fixed Income teams.

Commenting on this result, Frédéric Janbon, Global Head of Fixed Income for BNP Paribas, said: “The quality of our research, advice and execution is essential for constantly improving the service we seek to offer our clients, both investors and issuers. This "Smart Trading/Smart Sales/Smart Research" strategy gave us critical mass in flow products and enables us to meet the increasingly sophisticated needs of our clients. We are also at the cutting edge in inflation products (e.g. indexed bonds and swaps) or exotic derivatives in Europe and Asia of-course, but also in America”

BNP Paribas, one of the world's largest banks, has a sizeable presence in the Middle East region. With its full commercial branch, an offshore banking unit (OBU), a representative office and an Islamic banking unit, BNP Paribas is a leading player in the Gulf Cooperation Council (GCC) region from its Bahrain hub. BNP Paribas in the Gulf region accounts approximately 400 employees.

BNP Paribas has been operating in the Gulf for over 32 years offering the expertise of all core businesses on the ground. The recent openings of Riyadh and Kuwait branches are a part of the bank’s ambitious development strategy in the G.C.C. to expand its regional network in the region and better serve its clients. With its regional management based in Bahrain since 2001, BNP Paribas in the Gulf region accounts approximately 400 employees
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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 and total assets. It has more than 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.

AGENCE FRANCE TRÉSOR
Agence France Trésor (AFT) is tasked with handling public debt and treasury management. It was created by a Ministry of the Economy, Finance and Industry (MINEFI) order on 8 February 2001 in the form of a department with national scope, reporting to the Head of the Treasury Directorate (today Head of Treasury and Economic Policy Directorate) and managed by a Chief Executive. The debt agency was created as part of the government reform to modernise its public debt and treasury management.