Bloomberg News

BNP Paribas to Use S. Africa to Expand in Africa, Bus. Day Says

June 13, 2012

BNP Paribas SA (BNP) will use its South African base to look for growth opportunities in English- speaking countries in sub-Saharan Africa, Business Day reported, citing Alain Papiasse, head of corporate and retail banking.

France’s largest listed bank, which has been given regulatory permission to open a branch in South Africa, plans to expand its corporate and investment banking operations in countries where it is under-represented, the Johannesburg-based newspaper reported.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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