NEW YORK, June 28, 2018 (GLOBE NEWSWIRE) -- BNP Paribas USA Inc (BNP Paribas USA), a subsidiary of BNP Paribas, today announces that the Board of Governors of the Federal Reserve System did not object to BNP Paribas USA’s Capital Plan submitted as part of the 2018 Comprehensive Capital Analysis and Review (CCAR).
“BNP Paribas USA is well-capitalized and committed to strengthening its presence in the US market with the strong support of its parent company, BNP Paribas,” said Jean-Yves Fillion, Chief Executive Officer, BNP Paribas USA and Chairman of CIB Americas. “As these results show, our US platform is well-positioned to support the growth of our corporate, institutional and individual clients.”
BNP Paribas USA’s Capital Plan included projected financial results over a nine-quarter forecasting horizon, starting January 1, 2018. The stress test results show that BNP Paribas USA’s capital levels would remain above regulatory capital requirements. The BNP Paribas USA Capital Plan incorporates its bank subsidiaries Bank of the West and First Hawaiian Bank.
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About BNP Paribas in the USA
BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs over 16,000 people and has had a presence in the USA since the late 1800s. Bank of the West and First Hawaiian Bank (together BancWest, part of Retail Banking & Services) serve nearly 2.5 million individuals and businesses through a network of more than 650 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management (part of Retail Banking & Services) as well as Real Estate and Fleet Services through partnerships. www.usa.bnpparibas.
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including more than 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
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