The business of BNP Paribas was up this quarter for the three operating divisions with in particular a gradual upturn in the business of CIB. Economic growth slowed down in Europe but remained positive. After the crisis in the markets at the end of 2018, the market context remained lackluster at the beginning of the quarter, but improved towards the end of the period.
Director and Chief Executive Officer of BNP Paribas, Jean-Laurent Bonnafé:
“BNP Paribas delivered a good level of result this quarter, at 1.9 billion euros. Revenues were up thanks to business growth in the operating divisions with in particular an upturn in client business at CIB. Operating expenses were well contained and benefitted from cost saving measures, generating a positive jaws effect.”
BNP Paribas Fortis Private Equity invests in Konings
BNP Paribas Fortis Private Equity, which helps promising companies achieve their growth ambitions, has acquired a minority participation in Konings, a company based in Zonhoven. This co-packer and independent beverage producer focuses on the creation, production and filling of alcoholic and non-alcoholic drinks in glass bottles, cans, PET and Tetra Pak packaging. Konings works exclusively for third parties, usually major drink brands.
In order to continue to expand the company's sustainable growth plans internationally, Konings' shareholder-directors were looking for a reliable long-term partner to provide the necessary financial support. They chose our bank. This investment reinforces our many years of successful collaboration with Konings, which started in 2007.
'BNP Paribas Fortis Chair in Transport, Logistics and Ports’ extended for 2 years
The 'BNP Paribas Fortis Chair in Transport, Logistics and Ports’ at the University of Antwerp has been providing players in the maritime sector with a platform for the last 10 years. This anniversary certainly does not mean the end of the line. Sustainability, technology, the increasing flow of goods... More than enough material for the chair's extension until 30 September 2023.
In addition to scientific research, the chair brings together the most important players within the national and international port community to reflect on creative solutions for future ports. "We encourage the full exchange of information", says Prof. Dr Christa Sys of the University of Antwerp. "This leads to new ideas and accelerates innovation initiatives and improvements within the maritime sector."
The chair will continue its task for the next 2 years. Didier Beauvois, Head of Corporate Banking, BNP Paribas Fortis "The maritime sector is one of the most important economic sectors in Belgium. By creating a community and facilitating cooperation, we are fostering the innovation mindset and making companies more competitive."
10 years have brought wonderful achievements, including various co-innovation cafés and an e-book. This anniversary will be suitably marked on 30 September. But some major challenges also lie ahead. What is the impact of increasing goods flows on the ports? How can data be used in a smart way? What role can the maritime sector play in the transition to renewable energy? “More than ever, it is important to keep the dialogue between all stakeholders going. We are pleased and proud to be able to continue to work for at least another 2 years," says Prof. Dr. Sys.
Read the press release here for more information.
BNP Paribas Fortis supports the stock market listing of biotech pioneer Biotalys
The Ghent-based company's first innovative biocontrol crop protection product is ready and it is now seeking to raise capital.
Agrotechnology company Biotalys was listed on the stock exchange last Friday. BNP Paribas Fortis Private Equity, which helps promising companies to achieve their growth ambitions, supported the company's initial public offering as a cornerstone investor.
Biotalys specialises in the biological control of plant diseases. It now has its first product ready to help fruit and vegetable growers protect their plants from mildew and botrytis. The product is a sustainable alternative to chemical products for reducing food loss from field to fork. The innovator's solution is protein-based, which makes it unique in the agricultural sector.
The newly raised stock market capital will primarily be used to finance the company's existing pipeline of products and the marketing phase.
Find out more about private equity here.
Our bank sponsors the Export Lion Awards for the first time
On 23 September, Flanders Investment & Trade (FIT) will be hosting the 19th Export Lion Awards, an event that celebrates Flemish companies with outstanding export results. BNP Paribas Fortis is happy to support this initiative.
In 2005, the Flemish government established the Flanders Investment & Trade (FIT) agency to promote international business in Flanders. FIT was the result of a merger of Export Flanders and the Flemish Service for Investment. The organisation aims to promote international entrepreneurship in Flemish companies, particularly SMEs.
FIT has its headquarters in Brussels and has 96 offices worldwide, five of which are based in Flanders. The agency provides information and assistance to Flemish investors and exporters free of charge.
Partnership with BNP Paribas Fortis
This year FIT is organising the 19th Export Lion Awards on Wednesday 23 September, an event that puts Flemish companies with exceptional export results in the spotlight. As the number one import and export bank, BNP Paribas Fortis is pleased to support this event as a sponsor. We are highly committed to our encouragement of Belgian exporting companies, and therefore the economy in general. Our many years of expertise in international trade finance and our global network of experts make us the perfect partner for companies with (future) international operations.
"We are proud that Belgium is one of the top 15 export countries in the world, and we are happy to give our exporters a boost by sponsoring the Export Lion Awards", Frank Haak, Head of Sales Global Trade Solutions at BNP Paribas Fortis, says.
Everything you need to know about the event
- What? Sparkling online award ceremony followed by a virtual networking event
- Where? At 6 locations and live from Ghent
- When? Wednesday 23 September, from 6 p.m. to 8 p.m.
- Entry fee?Free, but advance registration is recommended
Do not miss this inspiring evening!
You will receive an email with a link to the event's live stream a day before the award ceremony.
- BNP Paribas Group, first quarter 2019 results
- BNP Paribas Fortis Private Equity invests in Konings
- 'BNP Paribas Fortis Chair in Transport, Logistics and Ports’ extended for 2 years
- BNP Paribas Fortis supports the stock market listing of biotech pioneer Biotalys
- Our bank sponsors the Export Lion Awards for the first time
- See all news