Note regarding the names Banque de Paris et des Pays-Bas, Compagnie Financière de Paris et des Pays-Bas, and Paribas

The Banque de Paris et des Pays-Bas became the Compagnie Financière de Paris et des Pays-Bas in 1968. In 1982, the Group was renamed Paribas, taking the name from its telegraph address, a contraction of Paris and Pays-Bas, by which the Bank was already widely known.

For the convenience of the text, we have generally used the name Paribas to designate without distinction the Banque de Paris et des Pays-Bas, the post-1968 Compagnie Financière de Paris et des Pays-Bas, and the later Paribas.

Chronology of the BNP Paribas Group in the Gulf States

1956 Branch of the Ottoman Bank, which was partly owned by Paribas, opens in Doha (Qatar).

1962 Branch of the Ottoman Bank opens in Abu Dhabi (UAE).

1969 Branch of the Ottoman Bank opens in Muscat (Oman).

1973 Banque de Paris et des Pays-Bas (Paribas) opens a branch in Doha (Qatar). Paribas opens a branch in Abu Dhabi (UAE). Bank of Sharjah founded in Sharjah (UAE); Paribas holds a 20 percent stake. International and Arab Investment Bank founded; BNP takes a minority shareholding.

1974 Paribas opens a branch in Dubai (UAE).

1975 Paribas opens a branch in Muscat (Oman). Paribas opens a branch in Manama (Bahrain).

1976 Banque Nationale de Paris (BNP) opens a branch in Manama (Bahrain).

1978 Paribas opens an offshore banking unit in Manama (Bahrain).

1979 BNP opens a representative office in Abu Dhabi (UAE).

1980 The Bank acquires a 22 percent share in the Arab European Financial Management Company (AREF), a financial company based in Kuwait, to facilitate the provision of financing to its clients in the region.

1981 Banca Nazionale del Lavoro (BNL) opens a representative office in Manama (Bahrain).

1990 BNP opens a representative office in Manama (Bahrain). Paribas opens a representative office in Abu Dhabi (UAE).

1996 Paribas opens a regional representative office in Abu Dhabi (UAE).

2000 Banque Nationale de Paris (BNP) and Banque de Paris et des Pays-Bas (Paribas) merge to form BNP Paribas.

Branch of Disbank (Turkey) opens in Bahrain (Disbank was acquired by Fortis in 2005).

2001 BNP Paribas sets up a regional hub in Bahrain.

2002 BNP Paribas sets up a region in the Gulf.

2003 Türk Ekonomi Bankası (Turkish Economy Bank; TEB) which became a joint venture with BNP Paribas in 2005 opens a branch in the Kingdom of Bahrain.