Created through the merger of Banque National de Paris and Paribas in 2010, BNP Paribas started out as a European bank and has grown to become a dominant international player in financial services. The bank is organised into three independent business divisions, namely investment solutions, retail banking and corporate and investment banking, and has demonstrated market resilience due to its solid, balanced group of businesses. Against a backdrop of turbulent market conditions, BNP Paribas proved yet again the efficiency of its integrated, diversified business model by having a successful 2011.