BNP Paribas sees potential for organic growth in the German market |
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Tue, 08 Jan 2008 09:55
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FRANKFURT (Thomson Financial) - BNP Paribas sees good potential several business lines in the German market, where it plans to grow mainly organically, Germany head Joachim von Schorlemer said in an interview with daily Boersen-Zeitung.The French bank particularly wants to expand the operations of its online broker Cortal Consors, real estate financing UCB and wealth management services.In addition to the 20 existing branches, Cortal Consors will open another 8 branches in Germany this year, von Schorlemer said.In real estate financing, BNP Paribas wants to succeed by offering long-term loans with fixed interest rates.'We do not want to compete on prices. We offer flexible alternatives the rather rigid real estate financing common in the German market,' von Schorlemer said.judith.csaba@thomson.comjcs/kf1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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