Thanks to this international expansion strategy of its two forerunner banks, the Comptoir National d’Escompte de Paris (CNEP) and the Banque Nationale pour le Commerce et l’Industrie (BNCI), the BNP is present on all continents. With this photo of the New York business district, BNP highlights its development in the United States.
The CNEP set up in the country in 1877, when it opened an branch in San Francisco. In 1893 and 1894, two new agencies were opened in Chicago and New Orleans. Then in 1919, it became the first French bank permanently established in the United States, when it created with two American partners, the French American Banking Corporation (FABC), represented in New York and in San Francisco. BNP acquired full control of the FABC in 1971.