MEXICO CITY–(BUSINESS WIRE)–BNP Paribas, a number one worldwide financial institution, is happy to announce as we speak the launch of operations as an area financial institution within the Mexican market.
The BNP Paribas Group has had a powerful presence in Mexico for greater than 55 years offering company and institutional banking companies, in addition to insurance coverage, asset administration and private finance companies via numerous native entities. With a full banking license the financial institution is ready to increase its actions domestically, providing a full suite of International Markets capabilities – an space the place BNP Paribas is a worldwide chief – together with money, bonds, FX and Curiosity Charges/FX derivatives, amongst others.
Wanting ahead, the financial institution will supply further options for its diversified, native consumer base, together with native foreign money financing and deposits. This transfer reinforces the BNP Paribas Group’s dedication to Mexico, and emphasizes the financial institution’s long-term outlook for the nation’s financial and enterprise growth.
Francisco Hernández Lozano, BNP Paribas México’s CEO, mentioned, “This license permits us to raised serve our purchasers by increasing our capabilities and introducing new companies. Our imaginative and prescient and dedication is long-term, and we imagine that these companies and our diversified actions within the renewable power financing sector will contribute to the financial growth of Mexico. We thank the regulators for his or her unequivocal help in granting this license.”
Florence Pourchet, Head of CIB Latin America, added, “We’re delighted to proceed strengthening BNP Paribas’ presence in Latin America as a strong, monetary establishment targeted on offering purchasers with holistic, region-wide options. Moreover, we’re wanting ahead to the financial restoration and enlargement within the area following the Covid-19 pandemic, which is able to additional bolster our presence.”
About BNP Paribas in Mexico
BNP Paribas began operations in Mexico in 1966 and has performed an necessary function in financing Mexico´s growth into the twenty first century: Paribas was a founding father of Banco Nacional de Mexico (Banamex), one among Mexico’s largest banks, on the finish of the nineteenth century, and stayed a minority shareholder till the nationalization of the banking system in 1982; and BNP was first established in Mexico greater than half a century in the past, appearing as an necessary shareholder in Banco del Atlantico till 1982. BNP Paribas has a powerful presence in Mexico via completely different working divisions, and as we speak their corporations make use of over 900 individuals within the nation. For extra info, please go to: cib.bnpparibas/mexico/