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BNP Paribas starts retail banking operations in Russia

BNP Paribas has started its new retail banking and consumer finance operations in Moscow, Russia, and appointed Philippe Delpal as the head this new division.

Over the next three years, BNP Paribas plans to establish ATM and branch network of 80 offices in Russia.

Based on international expertise and know-how, BNP Paribas offers mortgages, personal loans, auto loans, deposit accounts and banking cards for individuals, and various banking services, trade services and loan solutions for small and medium enterprises and corporate clients.

Guido Hauwermeiren, head of emerging markets for international retail and financial services, said: Increasing BNP Paribas presence in Russia is central to our strategy in emerging markets. We think this country has tremendous potential for banking services to accompany its rapid economic development. We see Russia as a fast-growing market where BNP Paribas is now writing its own history.