BNP Paribas to close 200 agencies

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BNP Paribas
BNP Paribas: First Bank Of France

Until 2020, the French group BNP Paribas is going to close 200 agencies, it will decrease their number from 2% to 4% per year. This Monday,  BNP investors declared a new strategy for the company. The group will close its agencies to favor network sound on the Internet and thus reduce their number of agencies. BNP hopes that because of the digital processing they will decrease the number of customers and will earn 600 000 a year in 2020. This change is due to an “insufficient profitability” and “a stagnant business development” justified the direction of the banking group. In 2010, 52% of the French people reported to go several times a month to their bank branch, against 21% in 2015, according to the Monitoring center of the image. BNP is not the only bank to make this decision, the European Central Bank estimates at 15% the reduction in the number of bank branches since 2011. Nobody of the BNP should be dismissed. BNP is currently owning 1964 agencies, 236 less than in 2012, when they had a first abolition of agencies. Today it is a little more than 10% of the number of agencies which are still opened.

PAGES  Edgard,   IEJ Tremplin

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