1. BNP Paribas, 2. Crédit Agricole, 3. Société Générale, 4. Worldline, 5. ALD Automotive. In response to their new economic and regulatory environments, the banking and insurance industries are transforming as quickly and drastically as the financial industry. France-based financial service companies are not an exception. Here are a few of the biggest financial service firms in France, according to market capitalization.
In 2000, Banque Nationale de Paris (BNP, “National Bank of Paris”) and Paribas, originally known as the Banque de Paris et des Pays-Bas, merged to establish BNP Paribas, a French multinational banking conglomerate. BNP Paribas S.A. is the full name of the group’s parent company.
The bank is structured into three main business areas: commercial, personal banking, and services (CPBS), investment and protection services (IPS), and corporate and institutional banking. As of February 2021, it had 190,000 workers (CIB). The company is listed on Euronext Paris’s First Market and a part of the Euro Stoxx 50 stock market index, as well as the French CAC 40 index.
BNP Paribas’ market cap as of April 2023 is $75.52 billion. By market capitalization, BNP Paribas is now the 187th most valuable corporation in the world. The most recent financial reports from BNP Paribas indicate that the company’s current revenue (TTM) is $68.14 billion. The company’s revenue in 2021 increased from its revenue in 2020, which was $69.54 billion, to $72.81 billion.
Headquarters: Boulevard des Italiens, Paris, France
Screnshot via group.bnpparibas
The largest cooperative financial organization in the world is Crédit Agricole Group, a French worldwide banking group with roots in agriculture. After BNP Paribas, it is the second-largest bank in France. It is also the third-largest bank in Europe and the tenth-largest bank worldwide.
It comprises the 39 Crédit Agricole regional banks, a network of local Crédit Agricole banks, and Crédit Agricole S.A., a centralized organization. It is a component of the CAC 40 stock market index and is listed on Euronext Paris’ first market through the intermediate holding company Crédit Agricole S.A. It rose to the top of the CAC 40 in August 2021.
The market capitalization for Crédit Agricole as of April 2023 is $34.39 billion. By market capitalization, Crédit Agricole is now the 512nd most valuable corporation in the world. The most recent financial reports from Crédit Agricole show that the company’s current revenue (TTM) is $24.90 billion. The corporation generated $20.77 billion in revenue in 2019, which is less than the $21.50 billion it generated in 2018.
Founded: 5 November 1894
Headquarters: Montrouge, France
Screnshot via credit-agricole.com
Société Générale S.A., also known as SocGen in English-speaking nations (French: [skn]), is a French-based global financial services firm that was established in 1864. Its headquarters are close by in La Défense, and it is registered in the heart of Paris.
Following BNP Paribas and Crédit Agricole in terms of total assets is Société Générale. It is also the eighth-largest bank in the world and the sixth-largest in Europe. The Financial Stability Board regards it as a systemically important bank. It was referred to as one of the “Old Three” prominent French commercial banks from 1966 until 2003, along with Crédit Lyonnais and Bank Nationale de Paris (now BNP Paribas).
Société Générale’s market capitalization as of April 2023 is $18.25 billion. By market cap, this places Société Générale as the 905th most valuable corporation in the world. The most recent financial reports from Société Générale indicate that the company’s current revenue (TTM) is $52.47 billion. The company’s revenue for 2019 was $41.70 billion, which is less than its $44.93 billion sales for 2018.
Founded: May 4, 1864
Market cap: $18.25 Billion
Revenue in 2022 (TTM): $52.47 B
Screnshot via societegenerale.com
French international payment and transactional services provider Worldline SA was established in 1974. It has more than 20,000 workers across more than 50 countries, making it the leader in Europe in the payments and transactional services sector and the fourth largest player globally.
Offering domestic and international commercial acquiring, both in-store and online, highly-secure payment transaction processing, a wide range of payment terminals, as well as e-ticketing and digital services in the industrial environment, are just a few of the services provided by Worldline in the areas of merchant services, terminals, solutions and services, financial services, mobility, and e-transactional services. The pro forma revenue for 2021 for Worldline was 3.7 billion euros.
Worldline’s market capitalization as of April 2023 is $11.60 billion. By market cap, this places Worldline as the 1320th most valuable firm in the entire globe. The most recent financial reports for Worldline show that the company’s current revenue (TTM) is $4.17 billion. The company generated $4.17 billion in revenue in 2021, an increase from $3.37 billion in revenue in 2020.
Headquarters: La Défense, France
Screnshot via worldline.com
ALD Automotive is a majority-owned subsidiary of Société Générale and a French fleet management and car leasing business. The business operates globally and oversees over 1.5 million vehicles. As of December 31, 2017, ALD Automotive was ranked third globally and first in Europe by the number of contracts under management (excluding OEM captives), with roughly 1.5 million full-service vehicle leasing and fleet management service contracts. ALD Automotive has a direct presence in 41 countries and holds the top three positions in 26 countries.
Via its ALD Carmarket brand, the corporation also offers used lease fleet vehicles for sale to consumers. As part of a campaign to test out cutting-edge mobility on the Dutch market, ALD Automotive began leasing out e-bikes in the Netherlands in 2015.
Market capitalization for ALD Automotive as of April 2023 is $6.50 billion. ALD Automotive is now ranked as the 1975th most valuable business in the world by market valuation. The most recent financial reports for ALD Automotive show that the company’s current revenue (TTM) is $8.53 Billion. The company’s revenue in 2021 was $11.86 billion, down from $12.20 billion in revenue in 2020.
Headquarters: La Défense, Paris, France
Screnshot via www.aldautomotive.com