Bandar Seri Begawan, Tuesday, 14th October 2008.  Amid the current global financial situation, it was recently announced that BNP Paribas has emerged as one of the three strongest banks in the word, according to the latest Standard & Poor’s ranking.

BNP Paribas is a European leader in global banking and financial services.  The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe.  The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail banking.  Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy.  BNP Paribas also has a strong presence in the United States and strong positions in Asia and the emerging markets.

In addition, Global Finance magazine has also named BNP Paribas, as one of the world’s safest banks.  The World’s Safest Banks were selected through a comparison of the long-term credit ratings and total assets of the 300 largest banks around the world.

BNP Paribas has been a shareholder of Baiduri Bank since it started its operation in 1994.