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BGL BNP Paribas Review

"BGL BNP Paribas has been accused of offering confusing and misleading advice to investors. But is this really the case, or are they simply misunderstood?"

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Overview of BGL BNP Paribas

BGL BNP Paribas is a Luxembourg-based bank and financial services provider created in 2009 through the merger of Banque Générale du Luxembourg (BGL) and Fortis Banque Luxembourg. The company is headquartered in Luxembourg City and operates in Luxembourg, Europe, Switzerland and North America. BGL BNP Paribas provides a range of corporate banking services, including cash management, payments, international trade finance, treasury and capital markets services, as well as retail banking services such as current accounts, debit cards and loans.

Pros and Cons of BGL BNP Paribas

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Founders of BGL BNP Paribas

BGL BNP Paribas was formed through the merger of two companies: Banque Générale du Luxembourg (BGL) and Fortis Banque Luxembourg. Both were founded in the early 20th century. BGL was established in 1919 by Georges Jacobs and Fortis was founded in 1920 by Gaspard Schneider.

Public Opinion on BGL BNP Paribas

The public opinion of BGL BNP Paribas is generally positive. Customers appreciate the wide range of services offered by the bank as well as the high-quality customer service they receive. The bank’s financial stability is also highly praised due to its parent company, BNP Paribas. However, some customers are put off by the high fees for some services or the limited availability of products outside of Europe.

Newsworthy Events Around BGL BNP Paribas

In 2018, BGL BNP Paribas launched a new online platform for corporate clients called “BNP Paribas Open Banking”. The platform enables companies to develop innovative digital solutions such as open APIs and mobile applications. The same year, the bank announced its partnership with Mastercard to launch a new contactless debit card for personal customers. In 2020, BGL BNP Paribas became a founding partner of the European Payments Initiative (EPI), a payment system developed by the European Commission to facilitate cross-border payments within Europe. Additionally, the bank is currently working with the Luxembourg government to develop a blockchain-based platform for digital securities trading.