BNP Paribas: Sarah Roussel is appointed Group Head of Human Resources
Sarah Roussel, previously Chief Executive Officer of Arval France, has been appointed Group Head of Human Resources of BNP Paribas and will succeed Sofia Merlo, who is set to retire, on 1 July 2026. Sarah will join the Group Executive Committee and will report to Philippe Maillard, Chief Operating Officer (COO) of BNP Paribas Group.
In the context of ongoing transformation of the bank’s business lines and continued development of the Group, Sarah Roussel will be tasked with helping to build the implementation framework for the Group’s next strategic plan. She will work closely with the teams across business lines, countries and functions to support the Group’s 180,000 employees.
“I would like to pay tribute to Sofia’s remarkable career and thank her for her more than forty years of commitment to the Group, across her various positions and in her role as Head of Human Resources. Each time, she has driven development and transformation policies that have contributed to BNP Paribas’ success. Sarah brings a wide‑ranging experience that will enable us to continue this momentum and support all our business lines, countries and functions. Together with Philippe Maillard, we are delighted to see Sarah take on these new responsibilities and join the Group Executive Committee,” commented Jean‑Laurent Bonnafé, Chief Executive Officer of BNP Paribas.
A graduate of ESSEC Business School with an MBA from INSEAD, Sarah Roussel began her career in 1994 within BNP Paribas’ General Inspection. Following her role in Group Financial Management, she was appointed Chief Financial Officer of CIB in London in 2011, before becoming Head of Management Control for the CIB division and, in 2015, Chief Financial Officer of the Domestic Markets division. She then served as CEO of BNP Paribas Factor France and the Iberian countries until 2022, when she was appointed Chief Executive Officer of Arval France, a Group subsidiary specialising in mobility solutions and long‑term vehicle leasing. In this role, she significantly strengthened Arval France’s position in the market.
BNP Paribas: Sandro Pierri joins the Executive Committee of the BNP Paribas Group
Sandro Pierri, Chief Executive Officer of BNP Paribas Asset Management (BNPP AM), joins the Executive Committee of the BNP Paribas Group as of 30 March 2026. This appointment confirms the strategic positioning of the newly unified BNPP AM within the integrated model of the Group, combining industrial scale with BNP Paribas’ powerful distribution, insurance and corporate banking capabilities.
As part of its 2030 new strategic plan, BNPP AM will reinforce its close collaboration with CBPS and CIB businesses positioning its activities as a growth engine for the Group.
Sandro Pierri reports to Renaud Dumora, Deputy Chief Operating Officer of BNP Paribas, in charge of Investment & Protection Services.
“Under the leadership of Sandro Pierri, we are building a European leading player in asset management. Thanks to its industrial scale and stronger collaboration across the Group, BNPP AM will help deliver even greater value for our clients. I am delighted to welcome Sandro Pierri to the Executive Committee, where he will bring all his asset management expertise to support the growth trajectory of the Group.” said Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas.
“I look forward to Sandro Pierri’s participation in the Executive Committee’s work. His experience in asset management and his vision for a coordinated growth with other Group’s businesses will allow to take full advantage of our new platform and then contribute to accelerate IPS’s momentum.” said Renaud Dumora, Deputy Chief Operating Officer, in charge of Investment & Protection Services (IPS).
Biography
Sandro Pierri, CEO of BNP Paribas Asset Management since 1st September 2021, is CEO of the new BNP Paribas Asset Management since 31 December 2025.
Sandro Pierri has more than 35 years’ experience in the asset management industry. He joined BNP Paribas Asset Management in 2017 as Head of the Global Client Group, and he was appointed CEO in 2021., successfully implementing BNP Paribas Asset Management’s growth plan and positioning it as a key player offering high added value investment solutions for individual savers, companies, and institutions. Sandro began his career in 1989 as a portfolio manager with San Paolo Fondi, moving to BNL Gestioni in 1992, before joining ING Investment Management in Italy in 1994, where he held several commercial roles. Between 2002 and 2003, he was Chief Executive of ING Group’s Italian retail business. Following the acquisition by UniCredit/Pioneer of ING’s Italian business, he joined Pioneer Investments, UniCredit’s asset management division, in 2004. He spent 10 years in various commercial and managerial positions, including being appointed CEO in 2012. Sandro graduated in Economics from the Università degli Studi di Torino, Italy.
Grimaldi: Χρηματοδότηση €50 εκατ. για το «Grande Istanbul»
Σε συμφωνία χρηματοδότησης προχώρησαν η BNL BNP Paribas και η Grimaldi Euromed S.p.A., μέλος του ομίλου Grimaldi, ενισχύοντας τη μακροχρόνια συνεργασία τους. Η συμφωνία αφορά δάνειο ύψους 50 εκατ. ευρώ, διάρκειας 10 ετών, για τη μερική χρηματοδότηση της απόκτησης του νέου πλοίου μεταφοράς οχημάτων «Grande Istanbul» για τον όμιλο Grimaldi, επικεφαλής του οποίου είναι ο Emanuele Grimaldi.Η επένδυση εντάσσεται στο ευρύτερο πρόγραμμα ανανέωσης του στόλου του ομίλου, που περιλαμβάνει 17 πλοία τύπου PCTC, συνολικού κόστους άνω των 1,6 δισ. δολαρίων.
Το «Grande Istanbul», που παραδόθηκε στα τέλη Νοεμβρίου του 2025 και δραστηριοποιείται ήδη στην Ασία, διαθέτει μεταφορική ικανότητα άνω των 9.000 CEU και προηγμένες περιβαλλοντικές τεχνολογίες, επιτυγχάνοντας μείωση εκπομπών CO₂ έως 50%.
Παράλληλα, είναι πιστοποιημένο ως «Ammonia Ready» από τον RINA και εξοπλισμένο με συστήματα cold ironing, ενισχύοντας τη στρατηγική βιωσιμότητας του ομίλου.
BNP Paribas: Ισχυρή αύξηση κερδών κατά 28% στο δ΄ τρίμηνο του 2025
H BNP Paribas αναθεώρησε σήμερα ελαφρώς προς τα πάνω τον στόχο κερδοφορίας της για το 2028 και δεσμεύτηκε για περαιτέρω περικοπές κόστους, αφού ανακοίνωσε κέρδη τέταρτου τριμήνου υψηλότερα των προσδοκιών, παρά τη μέτρια επίδοση της επενδυτικής της τραπεζικής.
Η μεγαλύτερη τράπεζα της ευρωζώνης βάσει ενεργητικού ελπίζει ότι η ανάπτυξη στους τομείς της ασφάλισης και της διαχείρισης κεφαλαίων, καθώς και μια άνοδος στη λιανική τραπεζική, θα στηρίξουν τα μεγέθη και θα συμβάλουν στην αποκατάσταση της εμπιστοσύνης των επενδυτών, εν μέσω ανησυχιών για τον αντίκτυπο της συνεχιζόμενης δικαστικής διαμάχης στις ΗΠΑ που σχετίζεται με το Σουδάν.
Η BNP ανακοίνωσε καθαρά κέρδη ύψους 2,97 δισ. ευρώ για το τρίμηνο που έληξε τον Δεκέμβριο, αυξημένα κατά 28% σε ετήσια βάση και υψηλότερα από τη μέση εκτίμηση των 2,84 δισ. ευρώ που προέκυψε από τις προβλέψεις 16 αναλυτών και συγκεντρώθηκε από την ίδια την εταιρεία.
«Συνολικά, ένα αξιοπρεπές σύνολο αποτελεσμάτων, που θα πρέπει να καθησυχάσει», ανέφεραν οι αναλυτές της Citi. Οι αναλυτές της Royal Bank of Canada χαρακτήρισαν την υπέρβαση των εκτιμήσεων στο τέταρτο τρίμηνο «καθησυχαστική, καθώς οφείλεται εν μέρει στην καλή δυναμική εσόδων σε αρκετούς τομείς που είχαν απογοητεύσει». Οι νέοι στόχοι προσφέρουν μια πρώτη εικόνα του επόμενου τριετούς στρατηγικού σχεδίου της BNP, το οποίο, όπως ανέφερε η τράπεζα, θα παρουσιαστεί στις αρχές του 2027. Θα περιλαμβάνει μια «ολοκληρωμένη ανασκόπηση των διαδικασιών», με την εμπλοκή εργαλείων τεχνητής νοημοσύνης, σύμφωνα με τη γαλλική τράπεζα.
Η μετοχή της BNP έχει ανακάμψει έντονα από τα χαμηλά επίπεδα περίπου των 65 ευρώ στις αρχές Νοεμβρίου, επανερχόμενη κοντά στα 91 ευρώ — άνοδος περίπου 40%.
Ωστόσο, σε μεγαλύτερο χρονικό ορίζοντα, η μετοχή της τράπεζας έχει υποαποδώσει έναντι των ανταγωνιστών της, καταγράφοντας άνοδο περίπου 110% τα τελευταία πέντε χρόνια, λιγότερο από το μισό της ευρύτερης ευρωπαϊκής τραπεζικής αγοράς (.SX7P), καθώς ο διευθύνων σύμβουλος Jean-Laurent Bonnafé δυσκολεύτηκε να ενισχύσει την κερδοφορία.
Παράλληλα, η BNP εξακολουθεί να αντιμετωπίζει αβεβαιότητα που σχετίζεται με δικαστικές υποθέσεις στις ΗΠΑ.
Η τράπεζα ανακοίνωσε ότι θα ασκήσει έφεση κατά της απόφασης ενόρκων στη Νέα Υόρκη τον Οκτώβριο, σύμφωνα με την οποία βοήθησε την πρώην κυβέρνηση του Σουδάν να διαπράξει γενοκτονία, παρέχοντας τραπεζικές υπηρεσίες κατά παράβαση των αμερικανικών κυρώσεων, και αναμένει να καταθέσει την έφεση έως τις 9 Φεβρουαρίου.
Η τράπεζα διατήρησε την πολιτική μερισμάτων της, ανακοινώνοντας μέρισμα σε μετρητά ύψους 5,16 ευρώ ανά μετοχή για το 2025, με την τελική πληρωμή των 2,57 ευρώ να προγραμματίζεται για τον Μάιο.
Η τράπεζα στοχεύει σε απόδοση ενσώματων ιδίων κεφαλαίων (ROTE), έναν βασικό δείκτη κερδοφορίας, άνω του 13% έως το 2028, έναντι προηγούμενου στόχου 13%, αν και ο νέος στόχος παραμένει χαμηλότερος σε σύγκριση με πολλούς ευρωπαϊκούς ανταγωνιστές. Παράλληλα, επιδιώκει να μειώσει τον δείκτη κόστους προς έσοδα σε κάτω από 56%, από προηγούμενο στόχο περίπου 58% έως το 2028.
Η τράπεζα αναμένει μέση ετήσια αύξηση καθαρών κερδών άνω του 10% κατά την περίοδο 2025-2028, με τη μείωση του κόστους να αποτελεί βασικό μοχλό.
Σχεδιάζει «επιπλέον μέτρα» το 2026 ύψους περίπου 600 εκατ. ευρώ, ανεβάζοντας το σύνολο των επαναλαμβανόμενων εξοικονομήσεων κόστους για την περίοδο 2022-2026 στα 3,5 δισ. ευρώ, υψηλότερα από τα 2,9 δισ. ευρώ που είχαν αρχικά προβλεφθεί.
Ο τομέας επενδυτικής τραπεζικής κατέγραψε αύξηση εσόδων κατά 1% σε ετήσια βάση, στα 4,58 δισ. ευρώ, σημειώνοντας τρίμηνο-ρεκόρ. Ωστόσο, τα έσοδα από συναλλαγές σε ομόλογα, νομίσματα και εμπορεύματα αυξήθηκαν μόλις κατά 0,8%, σημαντικά λιγότερο σε σύγκριση με την Crédit Agricole, τη Deutsche Bank και τους ανταγωνιστές της στη Wall Street.
Αντίθετα, το καθαρό επιτοκιακό περιθώριο στη λιανική τραπεζική αυξήθηκε κατά 6,3% στη Γαλλία και κατά 17% στο Βέλγιο κατά το τέταρτο τρίμηνο.
BNP Paribas Group sells its stake in AG Insurance and formalises long term partnership with Ageas
On 7 December, the BNP Paribas and Ageas Groups signed a framework agreement.
Centered on the Belgian bancassurance operations between AG Insurance and BNP Paribas Fortis, this partnership renews a long-standing exclusive collaboration and provides a sustainable framework for the activity’s accelerated development, particularly in the digital space. This partnership covers savings, protection and property & casualty insurance, and brings together BNP Paribas Fortis and AG Insurance’s expertise, as the leading insurer in Belgium, to serve their clients.
AG Insurance and BNP Paribas Asset Management are also entering into a long-term investment partnership in certain asset classes, leveraging BNP Paribas Asset Management’s new offering for insurers and pension funds, following its recent integration with AXA IM.
In this context, Ageas is consolidating its position in its core Belgian market, while purchasing BNP Paribas Fortis’ 25% stake in AG Insurance for a total amount of EUR 1.9 billion.
BNP Paribas Cardif, BNP Paribas’ insurance subsidiary, owning currently a 14.9% stake in Ageas, will make a EUR 1.1 billion contribution to Ageas capital. Based on an agreed price of EUR 60 per share, BNP Paribas Cardif would hold a 22.5% stake in Ageas, upon completion of the transaction.
As a long-term shareholder, the BNP Paribas Group will thereby strengthen Ageas’ capacity for growth while preserving its autonomy and independence.
The deal is expected to be finalised in 2Q26, after obtaining the necessary regulatory approvals.
This transaction would result in a net capital gain after tax of EUR 820 million in 2026 and a positive impact after pay-out on the CET1 ratio of +5 basis points. In addition, the BNP Paribas Group net income would increase on a recurring annual basis by EUR 40 million.
Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas, stated:
“We see significant potential in the growth prospects of BNP Paribas Fortis’ bancassurance business through the partnership with AG Insurance, as well as the deployment of our new asset management platform’s expertise created through the combination of BNP Paribas AM and AXA IM. We are also pleased to support Ageas’s long-term development, under the chairmanship of Bart De Smet and the leadership of Hans De Cuyper.”
Hans De Cuyper, Chief Executive Officer of Ageas, said:
“I am pleased to announce this new important milestone for Ageas and another significant step in implementing our Elevate27 strategy. Taking full ownership of AG enables us to further advance our Belgian operations, building on the re-confirmed bancassurance partnership with our long-standing partner, BNP Paribas Fortis. Only 1 year into the strategic cycle, this transaction marks the second occasion on which we have been able to raise our financial targets under Elevate27. We continue to chart our own path as a Group, with BNP Paribas as a committed shareholder who supports our vision and actively contributes to the growth of our business. I wish to extend my sincere gratitude to the management of BNP Paribas for their trust in Ageas.”
BNP Paribas joins European consortium to launch euro-backed stablecoin
BNP Paribas has joined a consortium now composed of ten European banks – Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, UniCredit – to launch a euro-backed stablecoin.
A dedicated entity, Qivalis, has been set-up in the Netherlands and has submitted an application for an electronic money license with the Dutch Central Bank.
This initiative aims to develop the field of digital payments and their potential in Europe by fostering innovation and security in digital transactions. As a partner of this effort, BNP Paribas is exploring the technological benefits of this solution.
In the context of rapid transformation in payments and the growing development of blockchain and digital asset initiatives, BNP Paribas is exploring potential evolutions linked to new technologies for its own activities and is also conducting various joint projects with other banking players. In this context, BNP Paribas is joining this consortium, now composed of ten European banks, to launch a euro-backed stablecoin compliant within MiCAR regulation.
BNP Paribas’ involvement in this project underscores the Group’s commitment to support the shifting needs and usage patterns of its client. This initiative will provide a European alternative to the dollar-backed stablecoin market, contributing to Europe’s strategic autonomy in payments.
BNP Paribas will support the creation of blockchain-based digital payment ecosystems offering secure, reliable solutions that comply with local regulations. These payment solutions, designed to operate “on-chain,” will fully leverage the potential of blockchain technology. The Group, together with its corporate clients, is working to identify and test concrete use cases that address existing needs while ensuring regulatory compliance and long-term sustainability of these new payment methods.
With its governance in place, Qivalis, the new entity based in Amsterdam, is working to obtain its electronic money institution license and preparing to launch the euro-backed stablecoin in the second half of 2026. Please refer to Qivalis’ press release dated 2 December 2025 for details on governance and next steps.
BNP Paribas: New Leadership Appointments within Commercial, Personal Banking & Services
Béatrice Belorgey, Chairwoman of the Executive Committee at BGL BNP Paribas and Head of BNP Paribas in Luxembourg, has decided to retire at the end of the year. Nicolas Otton, currently Head of BNP Paribas Private Banking in France, will succeed Beatrice Belorgey on January 1, 2026, subject to the approval of the relevant regulatory authorities. He will continue to develop BGL BNP Paribas, serving the needs of its clients and supporting growth across all BNP Paribas’s business lines in Luxembourg.
Fabrice Bagne will succeed Nicolas Otton as Head of BNP Paribas Private Banking in France as of November 17, 2025. He will thus become a member of the Executive Committee of Commercial & Personal Banking in France and the Executive Committee of BNP Paribas Wealth Management, reporting to Isabelle Loc, Head of BNP Paribas Commercial & Personal Banking in France, and Virginie Delaunay, Deputy CEO of BNP Paribas Wealth Management.
“I thank Béatrice for her unwavering commitment and significant contribution to the development of our Group. With a career spanning over 40 years, she has leveraged her expertise in finance and markets, she has taken on successive strategic roles and responsibilities, making significant contributions to the Bank. At the helm of BGL BNP Paribas for over 5 years, she radically modernised the bank across all areas, as reflected by improved client services, the IT cloud migration, and the innovation culture established in the business. By driving BGL BNP Paribas into the future, Béatrice and her teams have contributed to making BGL BNP Paribas a responsible, accessible and indispensable bank in the country’s economy. I am pleased to announce Nicolas’ appointment in Luxembourg, where we are the largest employer in the financial sector with over 4,000 employees. Under Nicolas’ leadership, and in close coordination with all the Group’s business lines, our teams will continue to focus on delivering high-quality, comprehensive solutions that meet the evolving needs of all our clients.” said Thierry Laborde, Chief Operating Officer of BNP Paribas, in charge of Commercial, Personal Banking & Services (CPBS).
“Nicolas has successfully positioned Private Banking as a trusted partner for Entrepreneurs and the new generation. He also expanded our savings offer with Discretionary Portfolio Management, highly appreciated by clients. I warmly thank Nicolas as well as the Private Banking teams. Fabrice will continue to consolidate our leading position in this priority business. His experience within the Group will enable him, with the support of all the Private Banking teams in France, to drive our development ambitions and maintain our position as the leading Private Bank in France with €135 billion in assets under management by the end of 2024.” said Isabelle Loc, Head of BNP Paribas Commercial & Personal Banking in France.
“I’d like to warmly thank Nicolas whose commitment has been key to strengthening our leadership in France, particularly thanks to his drive to transform savings offering, foster deeper client relationships, resulting in a significant increase in clients and employee satisfaction. I have every confidence in Fabrice to continue the commercial momentum across all our client segments, particularly among Entrepreneurs & Families by leveraging all the expertise of the Group.”said Virginie Delaunay, Deputy CEO of BNP Paribas Wealth Management.
BNP Paribas completes the acquisition of HSBC private banking activities in Germany
BNP Paribas has finalised the acquisition of HSBC Private Banking activities in Germany. This operation, announced on 23 September 2024, positions BNP Paribas Wealth Management among the top leading players in Germany, bringing its combined assets under management to nearly €50bn.
This acquisition marks a major milestone in the development and growth journey of BNP Paribas Wealth Management in Europe. Germany is a key market for BNP Paribas, offering strong growth potential for wealth management activities, most notably with the Mittelstand (German SMEs) and the German Entrepreneurs and Families client segments.
With the combined expertise of BNP Paribas Wealth Management – the leading private bank in the Eurozone leveraging on the diversified and integrated model of a leading European bank – and HSBC’s private banking – with a strong regional coverage, most notably in North Rhine-Westphalia and an in-depth knowledge of its entrepreneurial ecosystem – clients have access to a comprehensive service offering, highly personalised to their specific needs.
“This acquisition is a new crucial step for BNP Paribas Wealth Management as it enables us to more than double our size in Germany and to join the premier league of local German players. Leveraging on BNP Paribas’ diversified and integrated business model, we aim to provide Mittelstand SMEs and Entrepreneurs and Families with a comprehensive service offering, ranging from investment and corporate banking to asset management, all pooled from BNP Paribas’ well-established different franchises. We are delighted to welcome the HSBC Private Banking teams, who help us build an even stronger franchise in Germany to better serve those clients” comments Vincent Lecomte, CEO of BNP Paribas Wealth Management.
“By combining these two entities, I have every confidence we can strengthen our franchise in Germany and put our full expertise at the service of our clients and their projects. With a local presence dating back more than 75 years in Germany and 12 business lines driven by the expertise of more than 6,000 employees, BNP Paribas is well positioned to continue supporting German entrepreneurs and families,” adds Beat Bachmann, CEO BNP Paribas Wealth Management Germany & Deputy CEO Wealth Management International Markets
Eurobank S.A. concludes an agreement for a €200 million tap issue of its €500 million Fixed Rate Senior Preferred Instruments due 2028
“Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings) announces that its subsidiary “Eurobank S.A.” (the “Bank” or “Eurobank”), as a result of firm interest from institutional investors in the €500 million Fixed Rate Senior Preferred Instruments due 2028 issued by Eurobank originally on 07 July 2025 (ISIN: XS3110850347) (the “Existing Instruments”), has successfully concluded an agreement with Deutsche Bank and BNP Paribas, to proceed to a tap issue of an aggregate principal amount of €200 million, through private placement, on the Existing Instruments (the “New Instruments” and, together with the Existing Instruments, the “Instruments”). The issue price of the New Instruments is 99.817%, implying a yield of 2.978%.
The New Instruments shall be consolidated and form a single series with the Existing Instruments, in accordance with the conditions of issue. Settlement of the issuance of the New Instruments will take place on 26 September 2025. The Instruments will be listed on the Luxembourg Stock Exchange’s Euro MTF market.
The proceeds from the Instruments will support Eurobank Group’s strategy to ensure ongoing compliance with its Minimum Required Eligible Liabilities (MREL) requirement and will be used for Eurobank’s general funding purposes.
For further information, please contact Investor Relations at investor_relations@eurobankholdings.gr.
Συμφωνία Eurobank με Deutsche Bank και BNP Paribas για πρόσθετη έκδοση ομολόγου 200 εκατ. ευρώ
Η Eurobank ανακοίνωσε ότι ως αποτέλεσμα του σταθερού ενδιαφέροντος θεσμικών επενδυτών για το ομόλογο σταθερού τοκομεριδίου υψηλής εξοφλητικής προτεραιότητας ύψους 500 εκατ. ευρώ με λήξη το 2028 που εξέδωσε αρχικά στις 07 Ιουλίου 2025 κατέληξε επιτυχώς σε συμφωνία με τις Deutsche Bank και BNP Paribas, να προβεί σε πρόσθετη έκδοση συνολικού ονομαστικού ποσού ύψους 200 εκατομμυρίων ευρώ, με ιδιωτική τοποθέτηση, επί των Υφιστάμενων Τίτλων
Η τιμή έκδοσης των Νέων Τίτλων είναι 99,817%, που συνεπάγεται απόδοση 2,978%. Οι Νέοι Τίτλοι θα ενοποιηθούν και θα αποτελούν μία σειρά έκδοσης με τους Υφιστάμενους Τίτλους, σύμφωνα με τους όρους της έκδοσης. Ο διακανονισμός της έκδοσης των Νέων Τίτλων θα πραγματοποιηθεί στις 26 Σεπτεμβρίου 2025. Οι Τίτλοι θα είναι εισηγμένοι στην αγορά Euro MTF του Χρηματιστηρίου του Λουξεμβούργου.
Τα κεφάλαια που θα αντληθούν από τους Τίτλους θα συνεισφέρουν στην κάλυψη των υποχρεώσεων του Ομίλου της Eurobank όσον αφορά στην Ελάχιστη Απαίτηση Ιδίων Κεφαλαίων και Επιλέξιμων Υποχρεώσεων (Minimum Required Eligible Liabilities – MREL) και θα διατεθούν για επιχειρηματικούς σκοπούς της Eurobank.