Bank of Nanjing and BNP Paribas Personal Finance deepen their

 PRESS RELEASE Bank of Nanjing and BNP Paribas Personal Finance deepen their collaboration Paris, September 24th. As part of the relationship that binds BNP Paribas and Bank of Nanjing, BNP Paribas Personal Finance has just consolidated its ties with Bank of Nanjing through a cooperation agreement signed June 13th and which is designed to structure the development of its consumer finance business in China. BNP Paribas Personal Finance and Bank of Nanjing, which have been working together since October 2005, created a Consumer Finance and Credit Card Center (CFCCC) within the bank in June 2010. Within BNP Paribas Personal Finance, the CFCCC's development is monitored by the "Personal Finance Inside" region, which brings together BNP Paribas Personal Finance's consumer finance expertise within the BNP Paribas Group and its alliances in China, Morocco, Poland, Serbia, Tunisia, Turkey and Ukraine. For Thierry Laborde, Managing Director of BNP Paribas Personal Finance: "We were both determined to reach an agreement that would be win‐win for both parties and we achieved this: BNP Paribas Personal Finance provides its know‐how in product development and platform industrialisation and its credit application scoring and fraud detection expertise. Bank of Nanjing guarantees access to funding and is developing the business through its branches network and its commercial partnerships, in a market with high growth potential". The Consumer Finance and Credit Card Center benefits from Bank of Nanjing's sources of liquidity and draws on its network, infrastructures and support functions to sell an increasingly wide range of products, which includes car loans, personal loans and cards. Key figures:  Bank of Nanjing has operations in one of the wealthiest provinces in China, around the Yangtze delta, which has 175 million inhabitants. It has continued its expansion as far as Shanghai and Beijing. In 2013, its overall geographical footprint covered 10 major cities.  At the end of June 2013, its loans production stood at €328 million, rising by 97% compared to 2013;  Outstandings have multiplied by 15 in a little over 3 years and the ambition for 2020 is to achieve 27% average annual growth in outstandings; Despite major investments in developing the product range and geographical expansion, the business is already profitable. Bank of Nanjing & BNP Paribas Bank of Nanjing is BNP Paribas' strategic partner in China in retail and commercial banking. Both banks cooperate in many areas, including consumer finance, trade finance, and providing banking services for international corporates in China.”
As of 30 June 2013, BNPP owns around 14.8% of Bank of Nanjing. ****
About BNP Paribas Personal Finance
BNP Paribas Personal Finance is the leader in France and in Europe for personal loans via its activities in consumer credit
and mortgage lending. A 100% subsidiary of the BNP Paribas Group, BNP Paribas Personal Finance has more than 16,000
employees and operates in over 20 countries.
Under brands including Cetelem, Findomestic, and AlphaCredit, the company offers a full range of personal credit products
at points of sale and car dealerships and directly to consumers through its customer relations centres and Internet. BNP
Paribas Personal Finance has added an insurance and savings offer for its clients in France and in Italy.
BNP Paribas Personal Finance has developed an active partnership strategy with retailers, web merchants and financial
institutions (banks and insurance companies), based on its experience with marketing credit offers and integrated services
tailored to partners’ business and commercial objectives. It is also a leading player in the field of responsible lending and
financial education.
For further information:
www.bnpparibas-pf.com – www.moncreditresponsable.com - www.fondation.cetelem.com
About BNP Paribas
BNP Paribas (www.bnpparibas.com) a une présence dans près de 80 pays avec 190 000 collaborateurs, dont 145 000 en
Europe. Le groupe détient des positions clés dans ses trois grands domaines d'activité : Retail Banking, Investment
Solutions et Corporate & Investment Banking. En Europe, le Groupe a quatre marchés domestiques (la Belgique, la France,
l'Italie et le Luxembourg) et BNP Paribas Personal Finance est numéro un du crédit aux particuliers. BNP Paribas développe
également son modèle intégré de banque de détail dans les pays du bassin méditerranéen, en Turquie, en Europe de l’Est
et a un réseau important dans l'Ouest des Etats-Unis. Dans ses activités Corporate & Investment Banking et Investment
Solutions, BNP Paribas bénéficie d'un leadership en Europe, d'une forte présence dans les Amériques, ainsi que d'un
dispositif solide et en forte croissance en Asie-Pacifique.
About Bank Of Nanjing
Bank of Nanjing was founded in Nanjing, Jiangsu Province in 1996. Bank of Nanjing is among the 16 listed banks out of over
1,000 domestic banks nationwide (IPO in 2007), ensuring information transparency and appropriate governance with market
capitalization of USD4.38billion (as of 31th December 2011).
Along with the fast economic development in China, Bank of Nanjing has grown from a city commercial bank only based in
Nanjing into a cross regional bank.
Bank of Nanjing is providing a full range of financial products and service for all types of clienteles. Product and service for
enterprises and financial institutions clienteles include account service, cash management, credit facilities, domestic and
international settlement, internet banking, trade service, working capital loans, project loans, bonds underwriting, loan
syndication, structured financing, foreign exchange and interest rate hedging, bonds underwriting, For individual customers
Bank of Nanjing provide debit cards, home loans, consumer loans, credit cards, wealth management products and internet
banking, etc.
Press contacts Claude Martin Franz
+33 1 46 39 97 93
[email protected]
Mathilde Donovan
+33 1 46 39 97 93
[email protected]