BNPP’s CEEMEA business back on track with highest market share since 2013

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By Francesca Young
03 Oct 2019

Five years ago, BNP Paribas’ CEEMEA business was on shaky ground. It had just been fined $8.9bn by the US Justice Department for evading sanctions on Sudan, Cuba and Iran and hit by a dollar trading ban on parts of the oil and gas business. Today, its bond origination effort in the region looks very different, but Alex Karolev, head of CEEMEA bond syndicate, and Alexis Taffin de Tilques, head of CEEMEA DCM, argue that the bank’s selectiveness has made it stronger.

Certainly, by the numbers, the bank is having a very good year. Its CEEMEA bond market share has risen to 6.2% and it is sitting in fifth place, and vying with HSBC for fourth, according to Dealogic. That compares with 3% at this time in 2018 and 3.65% ...

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