BNP Paribas : “Product-as-a-service can really be seen as a driver for circular economy”
January 03, 2023 at 09:08 am EST
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I am very proud of our Joint Venture with 3 Step IT, which last November received the "Best Circular Economy Model " award from Leasing Life, Europe's leading asset financing journal. I would also like to mention our partnerships with leading agricultural and construction equipment manufacturers to build reconditioned equipment financing programs, including manufacturer warranty and equipment maintenance, to offer a complete financing solution. In addition, in Belgium, we have contributed to the development of a new Valley'UP sorting center with advanced repackaging and recycling capabilities: 50,000 tons of plastic and metal can be processed each year! We supported this project in its financing, from the purchase of the land to the construction, as well as for the leasing solutions of the main equipment and to provide green energy solutions. In addition, the BNP Paribas Group as a whole has undertaken numerous circular economy projects, such as the creation of Sustainability Linked Bonds or Loans for companies such as L'Oréal, Carrefour or Marks & Spencer. And in 2021, BNP Paribas Cardif teamed up with Black Market - the leading dedicated marketplace - and insurtech i-surance to launch an insurance offer for refurbished smartphones, tablets and laptops.
BNP Paribas SA published this content on 02 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2023 14:07:02 UTC.
BNP Paribas is France's largest banking group. Net banking product (NBP) breaks down by activity as follows:
- retail banking (54%): retail banking activity in France (24.1% of NBP), in Belgium (14.6%), and Italy (10.2%). The remainder of the NBP (51.1%) is from international activities and specialized financial services activities (consumer loans, real estate credit, leasing credit, car fleet management, computer equipment leasing);
- finance and investment banking (34.4%): consulting and capital market activities (83.7% of NBP; merger-acquisition consulting, activities related to the stock, interest, and exchange markets, etc.) and financing (16.3%; financing for acquisitions, projects, raw material transactions, etc.);
- institutional and private management and insurance (11.6%): asset management, private banking activity (No. 1 in France), real estate and on-line brokerage services, insurance and securities services (No. 1 in Europe for retained securities).
At the end of 2023, BNP Paribas was managing EUR 988.5 billion in current deposits and EUR 859.2 billion in current loans.
Net banking product is distributed geographically as follows: Europe, Middle East and Africa (82.9%), America (9.8%) and Asia/Pacific (7.3%).
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