CIB: an essential partner for corporate and institutional clients
Our Corporate & Institutional Banking (CIB) division recorded a significant level of activity in 2020 in response to an increased need to support our clients.
Proximity and attentiveness have enabled us to offer them tailor-made support, advise them in the face of the uncertainty and complexity of the crisis, and to successfully complete large transactions with credit volumes of up to five times higher than our usual level, while also reinforcing our commitment to sustainable finance. The result? Thanks to increased cooperation between all of the Group’s business lines and different regions, which promotes the pooling of our expertise on a larger scale, we have gained market share and strengthened our positions in Scandinavia, the United Kingdom, Germany, Spain and the Netherlands. We have also consolidated our position as number 1 for corporate banking in Europe.
The resilience of our results, combined with our commercial dynamism, have helped to establish the Group’s position as one of the main financiers of the European economy and a key player in a responsible recovery.
Partner for major bond issuances
In 2020, our ability to mobilise for our clients was illustrated by the issuance of exceptional bonds. On behalf of CAF (Corporación Andina de Fomento), the Latin American development bank, we issued the first social impact bond related to Covid-19 for an amount of €700m over five years. This amount is dedicated to financing healthcare and providing economic support in connection with the health crisis. We also issued the first sovereign bond in the world linked to the United Nations Sustainable Development Goals (SDGs) for an amount of €750m over seven years. Issued by Mexico, it will fund various programmes aimed at making a concrete contribution to the achievement of the SDGs in the country. Lastly, on behalf of Prudential, we were involved, for a total of €500m over six years, in the issue of the first green bond placed by an insurance company in the United States.
In 2020, Corporate & Institutional Banking was also recognised as “Investment Bank of the Year” in the category Sustainability- Linked Loans(2). This distinction underlines
BNP Paribas’ long-term commitment to supporting the economy, society and its customers, in order to build a sustainable future.
(1) Dealogic.
(2) In the 2020 Investment Banking Awards given by the magazine The Banker.
At the end of 2020, BNP Paribas allocated
€9.4bn
to the financing of Sustainability-Linked Loans (SLL). BNP Paribas is Number 1 bank for the financing of SLLs in Europe, the Middle East and Africa (EMEA).(1)
€3.4bn
raised by the Asian Infrastructure Investment Bank (AIIB) in 2020, to support recovery efforts in China and throughout the world
€750m
over seven years is the amount of the bond issued by Mexico that will be entirely devoted to financing the SDGs