BNP Paribas Insurance and Wealth & Asset Management Posted Good Asset Inflows
BNP Paribas posted good asset inflows in Insurance, Wealth & Asset Management units. The assets under management as of 31st December 2016 hit a record level of 1010 billion Euros, an increase of 5.8% compared to 31st December 2015.
Strong asset inflows at Wealth Management in Asia, France, Italy and BancWest contributed to the increase. As of 31 December 2016, assets under management broke down as follows: Asset Management (416 billion euros), Wealth Management (344 billion euros), Insurance (226 billion euros) and Real Estate Services (24 billion euros).
News Source: BNP Paribas Press Release
About BNP Paribas
The BNP Paribas Group (Euronext:BNP) is a French multinational bank and financial services company which operates in 75 countries around the world. Founded in 1822 and first established its root in Brussels, the bank had gone through several phases and establishments before the current was formed through the merger of Banque Nationale de Paris (BNP) and Banque de Paris et des Pays-Bas (Paribas) in 2000. The BNP Paribas Group is organized around two main activities: Retail Banking & Services (comprising Domestic Markets and International Financial Services) and Corporate & Institutional Banking.
- Origin : Paris, France
- Assets : EUR 1994 billion
- Revenue : EUR 13.68 billion
- Employees : 189,000
Official Website: https://group.bnpparibas/en/
News & Media: Press Release
Updated on 15th August 2016