Rank: 24 (Previous rank: 21)
CEO: Baudouin Prot
Employees: 154,069
Address: 16 Blvd. des Italiens
Paris, 75009
Country: France
Website: www.bnpparibas.com
Despite turmoil in the financial arena, BNP managed to post profits of $4.4 billion for 2008. The French bank was relatively unharmed until the fourth quarter, when it posted more than a $1 billion loss (primarily from its corporate and investment banking unit) and asked for a $7 billion capital injection from the French government. Of course, the revelation of Bernie Madoff's Ponzi scheme at the end of the year didn't help the bank. Though BNP didn't invest directly with Madoff, it had exposure to his funds and reported a loss amounting to more than $460 million. |
| |
$ millions |
% change from 2007 |
| Revenues |
136,096.4 |
-3.3 |
| Profits |
4,421.8 |
-58.7 |
| Assets |
2,885,015.9 |
— |
| Stockholders' equity |
73,986.9 |
— |
| Profits as % of |
|
| Revenues |
3.2 |
| Assets |
0.2 |
| 4 | BNP Paribas | 24 | 136,096.4 | | 5 | Banco Santander | 35 | 117,803.0 | | 6 | Bank of America Corp. | 37 | 113,106.0 | | 7 | Royal Bank of Scotland | 38 | 113,087.4 | | 8 | Citigroup | 39 | 112,372.0 | | 9 | Société Générale | 43 | 104,378.3 | | 10 | Crédit Agricole | 46 | 103,582.1 | | 11 | J.P. Morgan Chase & Co. | 49 | 101,491.0 | | 12 | UniCredit Group | 58 | 94,036.0 | | 13 | Deutsche Bank | 70 | 81,360.4 | | 14 | Barclays | 83 | 75,135.5 | | 15 | Industrial & Commercial Bank of China | 92 | 70,567.5 | | 16 | HBOS | 107 | 62,400.5 | | 17 | Morgan Stanley | 108 | 62,262.0 | | 18 | Groupe Caisse d'Épargne | 110 | 61,550.9 | | 19 | Banco Bilbao Vizcaya Argentaria | 113 | 61,183.5 | | 20 | UBS | 119 | 59,881.8 | | 21 | China Construction Bank | 125 | 57,976.9 | | 22 | Mitsubishi UFJ Financial Group | 128 | 56,513.7 | | 23 | Goldman Sachs Group | 136 | 53,579.0 | | 24 | Intesa Sanpaolo | 137 | 52,947.3 | | 25 | Wells Fargo | 141 | 51,652.0 | | 26 | Bank of China | 145 | 51,317.2 | | 27 | Banco Bradesco | 148 | 50,930.1 | | 28 | Itaúsa-Investimentos Itaú | 149 | 50,215.7 | | 29 | Agricultural Bank of China | 155 | 48,063.2 | | 30 | Landesbank Baden-Württemberg | 162 | 46,136.8 | | 31 | Credit Suisse | 164 | 45,296.0 | | 32 | Rabobank | 165 | 45,214.7 | | 33 | Banco do Brasil | 174 | 43,984.2 | | 34 | KFW Bankengruppe | 192 | 39,370.2 | | 35 | Royal Bank of Canada | 211 | 36,615.5 | | 36 | GMAC | 224 | 35,445.0 | | 37 | Sumitomo Mitsui Financial Group | 225 | 35,365.2 | | 38 | Mizuho Financial Group | 228 | 34,982.8 | | 39 | Commerzbank | 233 | 34,775.7 | | 40 | Danske Bank Group | 236 | 34,291.3 | | 41 | DZ Bank | 245 | 33,484.7 | | 42 | Australia & New Zealand Banking | 247 | 33,396.0 | | 43 | KBC Group | 251 | 32,606.5 | | 44 | Lloyds Banking Group | 256 | 32,195.9 | | 45 | American Express | 260 | 31,877.0 | | 46 | Commonwealth Bank of Australia | 267 | 31,654.3 | | 47 | National Australia Bank | 272 | 31,212.9 | | 48 | Westpac Banking | 283 | 30,108.2 | | 49 | Nordea Bank | 288 | 30,018.7 | | 50 | Sberbank | 310 | 28,309.4 | | 51 | Bayerische Landesbank | 315 | 28,111.5 | | 52 | Bank of Nova Scotia | 343 | 25,944.5 | | 53 | Toronto-Dominion Bank | 354 | 25,070.2 | | 54 | State Bank of India | 363 | 24,577.7 | | 55 | Standard Chartered Group | 389 | 23,438.0 | | 56 | Crédit Industriel & Commercial | 431 | 21,582.0 | | 57 | Erste Group Bank | 446 | 20,811.2 | | 58 | Norddeutsche Landesbank | 476 | 19,409.9 | | 59 | Skandinaviska Enskilda Banken | 477 | 19,405.6 | | 60 | Bank of Montreal | 479 | 19,365.3 | | 61 | U.S. Bancorp | 483 | 19,229.0 | | 62 | Bank of Communications | 494 | 18,677.0 |
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From the July 20, 2009 issue
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