BNP Paribas could acquire more German Depotbank businesses
BNP Paribas, the French financial services group, could acquire more German Depotbank businesses, Boersen Zeitung reported. BNP Paribas Securities Services Chief Stefan Oser told the German daily there are opportunities to acquire in the German market for Depotbanks.
PNP Paribas acquired Commerzbank's Depotbank business in 2013, the report noted.
The report said there are 48 Depotbanks in German with the largest 10 accounting for an 80% market share.
Source Boersen-Zeitung