BNP Paribas Fortis Stock

BNP Paribas Fortis SA (BNP Paribas Fortis) provides various financial services. The company operates as a subsidiary of BNP Paribas SA.

Segments

Banking Activities in Belgium

In Belgium, BNP Paribas Fortis offers a comprehensive package of financial services to private individuals, the self-employed, members of the professions and SMEs. The bank also provides high net worth individuals, corporations and public and financial institutions with customized solutions, for which it is able to draw on the know-how and international network of the mother company, BNP Paribas.

In Retail & Private Banking (RPB), BNP Paribas Fortis has a solid footprint, serving individuals, professionals, SMEs and private banking customers. It has a very strong presence in the local market, through a network of 342 branches, plus other channels, such as ATMs and online banking facilities, including mobile banking. In its Retail banking activities, BNP Paribas Fortis operates under four complementary brands: the main brand BNP Paribas Fortis, plus Fintro, bpost bank/banque and Hello bank!, a 100% digital mobile banking service. In the insurance sector, BNP Paribas Fortis works in close cooperation with the Belgian market leader, AG Insurance.

Corporate Banking (CB) serves a wide range of clients, including small and medium-sized companies, Belgian and European corporates, financial institutions, institutional investors, public entities, and local authorities. CB has a strong client base among large and medium-sized companies and is the market leader in these two categories, as well as a strong challenger in the public sector.

Providing a wide range of both traditional and bespoke specialized solutions and services, and drawing on the international network of the BNP Paribas Group in 65 countries, CB continues to meet the precise financing, transaction banking, investment banking and insurance needs of its clients.

From 1 January 2023, BNP Paribas Fortis has a new commercial organization based around three customer segments:

Retail Banking for personal and self-employed customers, served by a multidisciplinary team;

Affluent & Private Banking for personal and self-employed customers with more than 85,000 euros of assets, who each have a dedicated relationship manager; and

Corporate Banking for business clients with a dedicated relationship manager. The Enterprises business line serves small and medium-sized businesses while Corporate Coverage handles large corporations, public-sector entities and institutional clients.

Banking Activities in Luxembourg

BGL BNP Paribas ranks among the leading banks operating in the Luxembourg financial marketplace. It has made a significant contribution to the country’s emergence as a major international financial centre and is deeply rooted in Luxembourg’s economic, cultural, sporting and social life. As a partner with a longstanding commitment to the national economy, BGL BNP Paribas offers a wide range of products both for individuals and for professional and institutional clients. Ranked as the number one bank for corporates and the number two bank for resident individuals in the Grand Duchy of Luxembourg, BGL BNP Paribas is also the leader in bancassurance, providing combined offerings of insurance and banking services.

Banking Activities in Turkey

BNP Paribas Fortis operates in Turkey via Türk Ekonomi Bankasi (TEB), in which it has a 48.7% stake. Retail Banking products and services consist of debit and credit cards, personal loans, and investment and insurance products distributed through the TEB branch network and via internet and phone banking. Corporate banking services include international trade finance, asset and cash management, credit services, currency hedging, interest and commodity risk, plus factoring and leasing. Through its commercial and SME banking departments, the bank offers an array of banking services to small and medium-sized enterprises.

Specialized Businesses

The operating segment ‘Specialized businesses’ comprises Arval, BNP Paribas Leasing Solutions and Personal Finance (AlphaCredit).

Fully owned by BNP Paribas Fortis, Arval specializes in full service vehicle leasing. Arval offers its customers – large international corporates, SMEs and professionals – tailored solutions that optimise their employees’ mobility and outsource the risks associated with fleet management. Expert advice and service quality, which are the foundations of Arval’s customer promise, are delivered in 30 countries. BNP Paribas Leasing Solutions is a European leader in leasing for corporate and small business clients. It specializes in rental and finance solutions, ranging from professional equipment leasing to fleet outsourcing.

AlphaCredit – a wholly-owned subsidiary of BNP Paribas Fortis – is the leading provider of consumer credits in Belgium and the Grand Duchy of Luxembourg. AlphaCrédit markets all types of instalment loans (personal loans, car loans, motorbike loans, kitchen loans, etc.), as well as payment cards with a permanent cash reserve (revolving credit). The company offers its services to both private individuals and professionals.

Other

This segment mainly comprises BNP Paribas Asset Management, AG Insurance, BNP Paribas Bank Polska, Cardif Lux Vie and the foreign branches of BNP Paribas Fortis.

Core Businesses

BNP Paribas Fortis

BNP Paribas Fortis includes an important part of the Commercial, Personal Banking & Services (CPBS), as well as Corporate & Institutional Banking (CIB) activities of the BNP Paribas Group in Belgium.

Retail Belgium

BNP Paribas Fortis Retail banking activities comprise banking services to a range of client types, including individual customers, self-employed people and those in the liberal professions, small and medium-sized companies, local businesses, corporate clients and non-profit organizations. Retail Belgium provides its services via two networks, which operated in 2022 under a segmented business approach: Retail & Private Banking Belgium and Corporate Banking Belgium.

Retail & Private Banking Belgium

BNP Paribas Fortis is the No. 1 bank for retail customers in Belgium and has a strong position in the professional clients and small-business sectors, with 3.35 million customers. BNP Paribas Fortis is also the leading Private Bank in Belgium. Fintro has more than 351,000 customers.

Retail & Private Banking serves individual customers, entrepreneurs, and small and medium-sized businesses through its various networks, as part of a hybrid banking strategy in which customers can choose to do their banking either in-branch or using digital channels:

The physical network comprises branches and Banque des Entrepreneurs (small business banking) centres.

RPB’s digital platform provides online banking (Easy Banking) and mobile banking (2.7 million total aggregate active users, including Fintro), and manages a network of ATMs (including Fintro ATMs).

BNP Paribas Fortis owns a stake in Batopin, a joint venture with KBC, ING and Belfius, with each partner owning 25%. Batopin is installing bank-neutral CASH points across Belgium in locations where customer footfall is expected to be high. Batopin has 483 ATMs in operation, and the number is rising every week.

The bank is also available for customers thanks to the Easy Banking Centre which handles up to 70,000 customer calls per week.

The offer is completed by the digital banking service Hello bank! which has more than 518,000 customers.

Private Banking services are aimed at individual customers with invested assets of more than 250,000 euros. Within Private Banking, the Wealth Management Department caters to customers with invested assets of more than 5 million euros. Private Banking customers are served via 30 Private Banking centres, one Private Banking Centre by James (Private Banking centre providing remote services through digital channels) and two Wealth Management centres.

BNP Paribas Fortis continued to develop its digital services and improve the customer experience in 2022, particularly through the Easy Banking remote banking app.

From 1 January 2023, BNP Paribas Fortis has a new commercial organization based around three customer segments:

Retail Banking for personal and self-employed customers, served by a multidisciplinary team;

Affluent & Private Banking for personal and self-employed customers with more than 85,000 euros of assets, who each have a dedicated relationship manager;

Corporate Banking for business clients with a dedicated relationship manager. The Enterprises business line serves small and medium-sized businesses while Corporate Coverage handles large corporations, public-sector entities, and institutional clients.

In 2022, BNP Paribas Fortis acquired Bpost’s 50% stake in bpost bank, taking its total interest to 100%. At the same time, Bpost and BNP Paribas Fortis signed an exclusive, seven-year commercial agreement under which Bpost will continue to offer BNP Paribas Fortis services and products in its network of post offices.

Corporate Banking

With its well-developed, diversified and integrated business and service model, the BNP Paribas Fortis Corporate Banking division is well equipped to serve a wide range of clients, including small and medium-sized companies, Belgian and other European corporates, financial institutions, institutional investors, public entities and local authorities. Corporate Banking (CB) serves an extensive and diversified clientele among large and medium-sized companies and is the market leader in these two categories. CB is also a strong challenger in the public sector category.

The company’s Relationship Managers are central to the Corporate Banking relationship model. CB deploys a wide variety of experts who are able to provide all kinds of bespoke banking solutions and services to their dedicated portfolios of clients.

Within the Corporate Banking division, the Commercial Banking team serves SMEs and MidCaps through a network of 14 Business Centres across the country. Relationships with Large Corporates, Financial Institutions and Public Institutions are handled by dedicated central teams based at the company’s headquarters in Brussels.

Providing a wide range of both traditional and bespoke specialized solutions and services and drawing on the international network of the BNP Paribas Group across 65 countries, CB continues to meet the precise financing, transaction banking, investment banking and insurance needs of its clients in Belgium and abroad.

Arval

Arval is a BNP Paribas Fortis subsidiary specialized in full-service vehicle leasing and new sustainable mobility solutions.

Arval provides its corporate clients – ranging from large international corporates to small and medium-sized enterprises – its partners, their employees, plus also individual customers, with flexible solutions to help make their journeys seamless and sustainable.

Arval had permanent establishments in 30 countries, leasing close to 1.6 million vehicles, including 296,676 electrified vehicles. The company mainly does business in Europe, where it holds a leading position. It has also entered into a number of strategic partnerships through the Element-Arval Global Alliance, the world leader in this sector with more than three million leased vehicles in 53 countries. In 2022, Arval made two new acquisitions: BCR Fleet Management in Romania (3,800 vehicles); and Terberg Business Lease in the Netherlands and Belgium (38,000 vehicles).

In 2022, Arval continued to provide its customers with products and services, such as Arval Connect, a powerful solution to help customers control their costs and accelerate their energy transition; and Arval Adaptiv, a flexible car subscription offering for private customers.

BNP Paribas Leasing Solutions

BNP Paribas Leasing Solutions helps both companies and members of the professions to develop their businesses by providing them with leasing and financing solutions, together with a range of services designed to meet their needs. The expert teams of BNP Paribas Leasing Solutions support and assist:

Equipment manufacturers and business software publishers, providing them with exclusive, comprehensive solutions designed to support and boost the sales achieved by their distribution networks and/or dealerships;

Distributors, dealers and integrators of business equipment, providing them with sales support solutions plus a wide range of financial products and services designed to meet the needs of their customers;

Businesses, local authorities, members of the professions and craftsmen and -women, providing solutions for financing their investments in equipment.

BNP Paribas Leasing Solutions provides assistance to players in the real economy by financing purchases of all major types of business and professional equipment, including for the agricultural, medical, logistics and IT sectors; and also helps clients make the transition to more environmentally-friendly practices by financing both the purchase of equipment designed to make a positive impact and circular economy enterprise.

BGL BNP Paribas

BNP Paribas in Luxembourg offers a comprehensive range of financial products and services tailored to the needs of all its customers in Luxembourg and is the largest employer in the Luxembourg financial sector.

BGL BNP Paribas Activities

The BGL BNP Paribas Retail Banking business line provides private individuals, self-employed professionals and entrepreneurs with products and services ranging from daily banking needs to financing, plus also savings and bancassurance solutions and investment products. It has one of the widest ranges of retail banking products in Luxembourg, including private leasing.

BGL BNP Paribas Banque Privée provides clients resident in Luxembourg or the Greater Region with comprehensive and customized financial and wealth management solutions.

The Wealth Management business line targets an international client base, in particular business owners and families, assisting them with their specific needs through tailored asset and financial management solutions, in addition to a suite of high-quality services: investment advice; discretionary management; wealth planning and organization; asset diversification; and financing.

Through the Corporate Banking business line, BGL BNP Paribas is Luxembourg’s number one banking partner for large firms, the public sector and institutions, social organizations, real estate professionals and startups. The product range is structured around various specific areas, including Financing (classic, project, transfers & acquisitions, real estate), Trade (letters of credit, documentary credit), Cash Management (cash pooling, multibank cash management tools, cards programs, etc.), Rate (exchange or interest) risk coverage and Escrow Accounts. As part of the BNP Paribas Group, BGL BNP Paribas also provides its corporate clients with access to the full spectrum of the company’s specialist business expertise and services.

Corporate and Institutional Banking provides corporate and institutional clients with products and services related to the capital and financing markets in Luxembourg.

BGL BNP Paribas Development was created in 2021 to support Luxembourg businesses by acquiring minority stakes in companies. Through direct investment in unlisted Luxembourg commercial, industrial and technology firms, the bank aims to play a supportive role in their organic and external growth plans and assist them with business transfers.

Türk Ekonomi Bankasi A.S. (TEB)

BNP Paribas Fortis operates in Turkey through TEB. TEB provides the full range of BNP Paribas Group Retail products and services in Turkey.

The company also expanded its range of services and products through its digital channels.

TEB Digital Channels were serving just under 2.65 million active online customers, with 87% of personal loans and 66% of time deposit accounts opened via the CEPTETEB Digital Banking Platform. CEPTETEB continued to develop its digital channel experience during the year, expanding the customer base and launching new features on the CEPTETEB Mobile Application and the TEB FX platform.

Private Banking

TEB Private Banking revived the TEB Private Banking Angel Investment Platform designed to offer clients advisory services that include alternative investment products and innovative ideas. The platform brings entrepreneurs and potential investors together at face-to-face customer events, helping to raise mutual awareness and unlock business potential.

SME Banking

TEB offers exclusive tailor-made financial and non-financial products and services to SMEs by acting as a consultant bank rather than following the classical banking approach. The company offers a wide range of customized products to SMEs, such as foreign trade packages, project financing and derivative products. A digital service model has been established with the intention of enabling SME clients to perform daily banking, cash management and investment transactions through CEPTETEB ISTE without having to visit a branch, while also offering customised advice by dedicated and well-trained relationship managers. In line with the accelerated digital transformation that is shaping the banking sector and changing clients’ demands and expectations, SME Banking focuses on digitalization, innovation, creativity and the optimization of business processes, working with fintechs and startups both on digital transformation projects, which require high software competency and on the development of new financial products and services.

In addition to the SME and Agricultural Banking business lines, TEB provides financial solutions to startups, and offers specific banking approaches to meet the needs of local government and the gold trade. Under its Municipality Banking approach, TEB SME Banking offers financial solutions to local government, including credit lines for projects in such areas as solar energy investment, environmentally-friendly transportation systems and solid waste treatment facilities. The specific Gold Banking service enables customers who deal with gold production or gold trading, including jewelry retailers, wholesalers and exporters, to obtain Gold Loans to finance their capital needs, while the Gold Deposit Account is designed to enable customers who choose to invest their savings in gold to buy and sell this precious metal by the gramme.

TEB Start-up Banking has established ‘Startup Houses’ in seven large cities to support technology-based startups, the most comprehensive and widespread entrepreneurship programme in Turkey. TEB SME Banking also supports projects that have a positive impact on the environment and/or society. Within the scope of sustainable finance, TEB SME Banking offers financing solutions to SMEs and municipalities for the financing of green projects, such as renewable energy, energy efficiency, the circular economy, waste management and renovation projects designed to reduce carbon emissions.

Corporate Banking

TEB Corporate Banking provides services, including international trade finance, structured finance, cash management, credit services and hedging of currency, interest-rate and commodity risk. TEB provides its services through foreign trade centres staffed with experienced specialists and also through corporate branches, five of which are located in Istanbul, specifically designed to meet the requirements of multinational companies.

History

BNP Paribas Fortis SA was founded in 1934. The company was incorporated in 1934.